Local Initiatives Support Corporation

Organization Overview

Local Initiatives Support Corporation is located in New York, NY. The organization was established in 1980. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Local Initiatives Support Corporation employed 764 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Initiatives Support Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Local Initiatives Support Corporation generated $344.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $266.6m during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Local Initiatives Support Corporation has awarded 11,646 individual grants totaling $539,030,211. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.ASSISTS COMMUNITY STAKEHOLDERS IN URBAN AND RURAL AREAS ACROSS THE U.S. TO REVITALIZE DISTRESSED COMMUNITIES.

Describe the Organization's Program Activity:

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.


LISC PROVIDES GRANTS TO COMMUNITY BASED ORGANIZATIONS THROUGHOUT THE COUNTRY TO SUPPORT THEIR EFFORTS TO TRANSFORM DISTRESSED COMMUNITIES. IN 2021, LISC ISSUED 1,400 GRANTS THROUGHOUT THE COUNTRY TO SUPPORT THE DEVELOPMENT OF 2,356 UNITS OF AFFORDABLE HOMES AND APARTMENTS; 1,000,840 SQUARE FEET OF COMMERCIAL, COMMUNITY, AND EDUCATIONAL FACILITY SPACE; AND CAPACITY BUILDING, OPERATIONS, AND OTHER COMMUNITY DEVELOPMENT ACTIVITIES. LISC ALSO ISSUED 5,400 GRANTS TO SMALL BUSINESSES AND OTHER INSTITUTIONS THROUGHOUT THE COUNTRY FOR COVID-19 RELIEF.


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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Protiviti Inc
Call Center Operations
$3,713,633
Special Services For Groups Inc
Ati Program Service Provider
$1,268,002
Nextkey Management Inc
Financial Management Services
$359,784
Tda Consulting Inc
Project Implementation Management Srvc
$1,076,858
Cohnreznick Llp
Auditing And Tax Service
$368,860
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$6,790,000
Membership dues$0
Fundraising events$946,732
Related organizations$15,365,150
Government grants $49,481,669
All other contributions, gifts, grants, and similar amounts not included above$171,132,265
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$243,715,816
Total Program Service Revenue$99,122,869
Investment income $1,868,276
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$62,744
Net Gain/Loss on Asset Sales $235,421
Net Income from Fundraising Events -$759,473
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $344,179,991

Grants Awarded

Over the last fiscal year, Local Initiatives Support Corporation has awarded $89,109,608 in support to 2,414 organizations.

Grant RecipientAmount

LIBERTY HILL FOUNDATION

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: SEE PART IV

$1,041,200

NEIGHBORHOOD HOUSING SERVICES OF TOLEDO INC

Org PageRecipient Profile

Toledo, OH

PURPOSE: SEE PART IV

$1,022,940

OPPORTUNITY FUND COMMUNITY DEVELOPMENT

Org PageRecipient Profile

San Jose, CA

PURPOSE: SEE PART IV

$1,000,000

WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION

Org PageRecipient Profile

Bronx, NY

PURPOSE: SEE PART IV

$800,000

ALLIANCE FOR MULTICULTURAL COMMUNITY SERVICES

Org PageRecipient Profile

Houston, TX

PURPOSE: SEE PART IV

$774,389

NORTH LAWNDALE EMPLOYMENT NETWORK

Org PageRecipient Profile

Chicago, IL

PURPOSE: SEE PART IV

$725,872
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Local Initiatives Support Corporation has recieved totaling $50,000.

Awarding OrganizationAmount
Victor E Speas Foundation- 10 04464 00

Dallas, TX

PURPOSE: FINANCIAL OPPORTUNITY

$50,000
View Grant Recipient Profile

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