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Community Development : Housing and Neighborhood Development

Local Initiatives Support Corporation

Helping neighbors build communities

four stars

90.58

501 Seventh Avenue 7th Floor
New York, NY 10018
tel: (212) 455-9800   Web Site
EIN: 13-3030229

Board Leadership
Robert E. Rubin
Chair

CEO
Maurice Jones
President & CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 90.58 four stars
  Financial 92.50 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 05/01/2018 and includes data from FY2016, the most recent 990 received at that time.

Local Initiatives Support Corporation (LISC) is dedicated to helping nonprofit community development organizations transform distressed neighborhoods into healthy and sustainable communities of choice and opportunity -- good places to work, do business and raise children. LISC mobilizes corporate, government and philanthropic support to provide local community development organizations with: loans, grants, and equity investments; local, statewide, and national policy support; and technical and management assistance. Since 1980, we have invested $9 billion which has leveraged $28.2 billion in total development. Our accomplishments include 244,755 affordable homes and apartments and 36 million square feet of retail and community space.

Local Initiatives Support Corporation (LISC) is dedicated to helping nonprofit community development organizations transform distressed neighborhoods into healthy and sustainable communities of choice and opportunity -- good places to work, do business and raise children. LISC mobilizes corporate, government and philanthropic support to provide local community development organizations with: loans, grants, and equity investments; local, statewide, and national policy support; and technical and management assistance. Since 1980, we have invested $9 billion which has leveraged $28.2 billion in total development. Our accomplishments include 244,755 affordable homes and apartments and 36 million square feet of retail and community space.

Financial

four stars

92.50

Accountability & Transparency

three stars

89.00

This rating was published 05/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
85.1%
  Administrative Expenses 10.3%
  Fundraising Expenses 4.4%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 1.96
  Program Expenses Growth 16.4%
  Liabilities to Assets 60.2%
All data for Financial Performance Metrics calculations was provided by Local Initiatives Support Corporation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Local Initiatives Support Corporation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Local Initiatives Support Corporation (NY) 90.58 four stars
Oklahoma Center for Nonprofits (OK) 90.25 four stars
Puente (CA) 95.74 four stars
Keep America Beautiful (CT) 86.77 three stars
MidTown Cleveland (OH) 87.47 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $113,060,393
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $7,621,732
   Government Grants $42,158,378
Total Contributions $162,840,503
   Program Service Revenue $35,455,709
Total Primary Revenue $198,296,212
   Other Revenue $784,600
TOTAL REVENUE $199,080,812
   
EXPENSES  
   Program Expenses $160,177,261
   Administrative Expenses $14,818,614
   Fundraising Expenses $6,673,221
TOTAL FUNCTIONAL EXPENSES $181,669,096
   
Payments to Affiliates $0
Excess (or Deficit) for the year $17,411,716
   
Net Assets $279,239,784

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Project Development $49,477,776 30.9%
Project Grants $95,047,838 59.3%
Lending $15,651,647 9.8%

Ratings History
Local Initiatives Support Corporation has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 05/01/2018 90.58 four stars
2015-12 03/01/2017 90.64 four stars
2014-12 06/01/2016 89.60 three stars
 
CN 2.0
2013-12 07/01/2015 92.94 four stars
2012-12 03/01/2014 85.45 three stars
2011-12 05/01/2013 93.33 four stars
2010-12 04/01/2012 85.39 three stars
2009-12 09/20/2011 81.19 three stars
 
CN 1.0
2009-12 06/01/2011 84.79 three stars
2008-12 06/01/2010 92.18 four stars
2007-12 07/01/2009 92.70 four stars
2006-12 07/01/2008 92.78 four stars
2005-12 12/15/2006 85.96 three stars
2004-12 02/01/2006 88.51 three stars
2003-12 12/01/2004 92.03 four stars
2002-12 01/01/2004 98.47 four stars
2001-12 02/05/2003 97.91 four stars
2000-12 10/15/2002 94.08 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3030229
Name in IRS Master File LOCAL INITIATIVES SUPPORT CORPORATION
NTEE Code S20
NTEE Classification Community, Neighborhood Development, Improvement (General)
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
(603) Non-financial services of facilities to other organizations
(400) Area development, redevelopment of renewal
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1980
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$165,017 0.09% Maurice Jones President & CEO
Other Salaries of Note
$457,937 0.25% Michael Rubinger President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Local Initiatives Support Corporation (NY) 90.58 four stars
Urban Homeworks (MN) 85.51 three stars
Jewish National Fund, United States (NY) 96.13 four stars
Together Colorado (CO) 86.19 three stars
MidTown Cleveland (OH) 87.47 three stars

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Charity Contact Info

Local Initiatives Support Corporation
501 Seventh Avenue
7th Floor
New York, NY 10018
tel: (212) 455-9800
fax: (212) 682-5929
EIN: 13-3030229

Visit Web Site

Board Leadership

Robert E. Rubin
Chair

CEO

Maurice Jones
President & CEO

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