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Community Development : Housing and Neighborhood Development

Local Initiatives Support Corporation

Helping neighbors build communities

89.60

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
Michael Rubinger
President & CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 89.60
  Financial 87.66
  Accountability & Transparency 92.00
This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

87.66

Accountability & Transparency

92.00

This rating was published 06/01/2016 and includes data from FY2014, 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)
81.8%
  Administrative Expenses 12.5%
  Fundraising Expenses 5.6%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 2.11
  Program Expenses Growth 3.6%
  Liabilities to Assets 49.6%
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) 89.60
Metanoia (SC) 96.66
The Jerusalem Foundation (NY) 87.25
Staten Island Economic Development Corporation (SIEDC) (NY) 86.82
MidTown Cleveland (OH) 88.76

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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.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $52,393,839
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $6,038,500
   Government Grants $47,087,329
Total Contributions $105,519,668
   Program Service Revenue $29,105,677
Total Primary Revenue $134,625,345
   Other Revenue $860,343
TOTAL REVENUE $135,485,688
   
EXPENSES  
   Program Expenses $101,879,962
   Administrative Expenses $15,309,208
   Fundraising Expenses $6,150,603
TOTAL FUNCTIONAL EXPENSES $123,339,773
   
Payments to Affiliates $0
Excess (or Deficit) for the year $12,145,915
   
Net Assets $245,623,572

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 $51,446,973 50.5%
Project Grants $41,323,187 40.6%
Lending $9,109,802 8.9%

Ratings History

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

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, 2014
  • December, 2013
  • December, 2012
  • December, 2011
  • December, 2010

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).

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Compensation % of Expenses Paid to Title
$478,792 0.38% Michael Rubinger President, CEO

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Local Initiatives Support Corporation (NY) 89.60
Mountain Association for Community Economic Development (KY) 86.92
Center for Resilient Cities (WI) 86.61
Robin Hood Foundation (NY) 93.87
University City District (PA) 91.01

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

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

Michael Rubinger
President & CEO

[ X ]

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