EIN 13-3030229

Local Initiatives Support Corporation

IRS 501(c) type
501(c)(3)
Num. employees
678
Year formed
1979
Most recent tax filings
2019-12-01
Description
Local Initiatives Support Corporation (lisc) assists community residents throughout urban and rural areas of the united states to transform distressed communities into healthy and sustainable communities - good places to work, do business, and raise c...
Total revenues
$202,088,773
2019
Total expenses
$162,597,627
2019
Total assets
$971,499,905
2019
Num. employees
678
2019

Program areas at Local Initiatives Support Corporation

Project development and investment. Lisc provides technical assistance and other program services to community based organizations throughout the country to assist them in transforming their communities into healthy and sustainable communities of choice and opportunity, including efforts to promote safer streets; help residents achieve economic stability; improve health and encourage healthy lifestyles; and incentivize change through arts and culture. See schedule o for more information.
Lending. Lisc provides loans, lines of credit, and other recoverable financing at all stages of development - from predevelopment to permanent - to Support projects and programs that revitalize low- and moderate-income communities and benefit low- and moderate-income individuals. See schedule o for more information.
Project grants. Lisc provides grants to community based organizations throughout the country to Support their efforts to transform distressed communities. In 2019, lisc issued grants to 539 entities throughout the country to Support the development of 1,974 units of affordable homes and apartments; 1,166,540 square feet of commercial, community, and educational facility space.

Grants made by Local Initiatives Support Corporation

GranteeGrant descriptionAmount
Community First FundSee Part Iv$1,831,000
FinantaSee Part Iv$1,530,000
Impact Loan FundSee Part Iv$1,141,000
...and 514 more grants made totalling $42,407,821

Who funds Local Initiatives Support Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Equity FundSupport Community Development$12,500,000
Enterprise Community PartnersCommunity Preservation and Development$4,624,000
JP Morgan Chase FoundationIn Support of Neighborhood Revitalization$2,500,000
...and 103 more grants received totalling $51,040,440
Federal funding details
Federal agencyProgram nameAmount
Department of the TreasuryCORONAVIRUS RELIEF FUND$61,482,664
Department of EducationCREDIT ENHANCEMENT FOR CHARTER SCHOOL FACILITIES$58,138,800
Department of the TreasuryCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM$45,545,987
...and 62 more federal grants / contracts

Personnel at Local Initiatives Support Corporation

NameTitleCompensation
Lisa L. GloverInterim Chief Executive Officer / Director$0
Annie DonovanExecutive Vice President and Chief Operating Officer / Board Member
Christina TraversExecutive Vice President and Chief Financial Officer$141,787
Jeffrey FishmanChief Information Officer Immito$216,868
Davina Astrid BerginChief Development Officer Immito$228,884
...and 53 more key personnel

Financials for Local Initiatives Support Corporation

RevenuesFYE 12/2019
Total grants, contributions, etc.$138,929,880
Program services$60,352,887
Investment income and dividends$3,411,382
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-66,928
Net gain from sale of non-inventory assets$-434,851
Net income from fundraising events$-1,021,915
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$918,318
Total revenues$202,088,773

Form 990s for Local Initiatives Support Corporation

Fiscal year endingDate received by IRSFormPDF link
2019-122021-03-01990View PDF
2018-122020-01-14990View PDF
2017-122018-12-22990View PDF
2016-122018-03-14990View PDF
2015-122017-02-28990View PDF
...and 7 more Form 990s

Organizations like Local Initiatives Support Corporation

OrganizationLocationRevenue
Tsne Missionworks (TSNE)Boston, MA$70,555,519
The Reinvestment Fund (TRF)Philadelphia, PA$76,263,402
International Rescue Committee (IRC)New York, NY$805,275,159
Global CommunitiesSilver Spring, MD$110,608,352
SRCNorth Syracuse, NY$323,256,106
Community Reinvestment Fund (CRF)Minneapolis, MN$53,118,127
Fund for the City of New York (FCNY)New York, NY$114,461,201
Tides CenterSan Francisco, CA$268,746,677
March of DimesArlington, VA$100,854,404
Project Concern International (PCI)San Diego, CA$53,415,731
Data update history
August 3, 2022
Received grants
Identified 27 new grant, including a grant for $4,624,000 from Enterprise Community Partners
December 16, 2021
Updated personnel
Identified 20 new personnel
October 1, 2021
Received grants
Identified 70 new grant, including a grant for $12,500,000 from National Equity Fund
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 22, 2021
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyNational levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
28 Liberty St 34th Floor
New York, NY 10005
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
lisc.org/ 
Phone
(212) 455-9800
Facebook page
lisc.org 
Twitter profile
@lisc_hq 
IRS details
EIN
13-3030229
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1979
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Central organization
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