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Local Initiatives Support Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133030229 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Local Initiatives Support Corporation?

The Local Initiatives Support Corporation (LISC) is a New York-based nonprofit organization with a team of 830 employees. Their mission is to support community-based organizations in urban and rural areas across the United States in transforming distressed neighborhoods into healthy and sustainable communities of choice and opportunity. LISC provides technical assistance and various program services to help improve the quality of life for historically underserved people and places. Their initiatives focus on promoting safer streets, facilitating economic stability, enhancing health and encouraging healthy lifestyles, and incentivizing change through arts and culture. LISC's projects aim to revitalize communities by addressing issues such as crime, poverty, and lack of access to essential services.


Official website here: www.lisc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

The Local Initiatives Support Corporation (LISC) has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance across multiple evaluation areas. The overall score indicates a robust commitment to accountability and finance, with a significant 92% in that category, alongside perfect scores in impact and measurement, leadership and adaptability, and a strong culture and community presence.

LISC demonstrates a high program expense ratio of 85.42%, which suggests that a substantial portion of its funds is directed towards its mission-related activities. The organization benefits from a largely independent board, with 95% of its members meeting independence criteria, which is conducive to effective governance. Moreover, LISC has implemented several key policies, including conflict of interest and whistleblower policies, ensuring transparency and ethical conduct.

However, while LISC's financial health seems solid, with a low liabilities to assets ratio of 60.34%, the organization must continue to adapt to evolving challenges in the community development sector. Its stated focus on equitable recovery and rebuilding highlights its proactive approach to addressing community needs, but ongoing scrutiny of its impact will be essential for maintaining donor trust and support.


This AI summary has been generated from information found on Charity Navigator.

Is Local Initiatives Support Corporation legitimate?

Local Initiatives Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local Initiatives Support Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $11,627,816
Professional Fundraising Fees: $115,445
Other Salaries and Wages: $62,454,822

For more financial information, click here


Official website here: www.lisc.org

What is the mission statement of Local Initiatives Support Corporation?

The Local Initiatives Support Corporation (LISC) is committed to helping community residents transform distressed neighborhoods into healthy and sustainable communities of choice and opportunity. LISC's mission is to assist community-based organizations throughout the country in revitalizing their areas, focusing on promoting safer streets, helping residents achieve economic stability, improving health, and encouraging healthy lifestyles, and incentivizing change through arts and culture. LISC provides technical assistance and other program services to these organizations, enabling them to bring about meaningful change in their neighborhoods.


Official website here: www.lisc.org

Who is the CEO of Local Initiatives Support Corporation?

Lisa Glover is the Ceo/Director of Local Initiatives Support Corporation. The CEO's salary of Local Initiatives Support Corporation is $303,640 and their total compensation is $337,316.


Official website here: www.lisc.org

What is the revenue of Local Initiatives Support Corporation?

Local Initiatives Support Corporation's revenue in 2022 was $290,171,184.


Official website here: www.lisc.org

Who are the executives of Local Initiatives Support Corporation and what are their salaries?

The average compensation at Local Initiatives Support Corporation during 2022 was $89,256. There are 830 employees and 23 volunteers at Local Initiatives Support Corporation.


Here are 80 key members and their salaries (Local Initiatives Support Corporation's CEO's salary is $303,640 and their total compensation is $337,316):


Alisahah Jackson Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Audrey Choi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colvin W Grannum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Reed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hess (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Gilligan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Belinfanti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Fairchild (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Tomas Espinoza (Outgoing Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Rickett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Fang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn E Merchant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Cashin (Vice Chair & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Glover (Ceo/Director)
  • Compensation: $630,073
  • Related: $0
  • Other: $36,188
Lisa Hasegawa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle De La Uz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Arnaboldi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nilda Ruiz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Oostra (Outgoing Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rey Ramsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Rapson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Rubin (Chairman & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Durdan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zachary Boyers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexis Hamilton (Chief Executive Officer-Immito)
  • Compensation: $303,640
  • Related: $0
  • Other: $33,676
Anna Alekseyeva (Vice President)
  • Compensation: $178,167
  • Related: $0
  • Other: $31,473
Barbara Libove (Svp & Deputy Cfo)
  • Compensation: $238,975
  • Related: $0
  • Other: $65,422
Beth Marcus (Outgoing Evp)
  • Compensation: $155,085
  • Related: $0
  • Other: $15,655
Beverly Smith (Vice President)
  • Compensation: $209,218
  • Related: $0
  • Other: $33,940
Caitlin Cain (Vice President)
  • Compensation: $176,162
  • Related: $0
  • Other: $28,931
Celayne Hill (Vice President)
  • Compensation: $286,932
  • Related: $0
  • Other: $41,894
Christina Travers (Evp/Cfo)
  • Compensation: $326,072
  • Related: $0
  • Other: $46,633
Collette Williams (Vice President & Controller)
  • Compensation: $244,934
  • Related: $0
  • Other: $54,709
Constance Max (Executive Vice President)
  • Compensation: $335,612
  • Related: $0
  • Other: $74,539
Courtney Branker (Vice President, Finance & Capital Strategies)
  • Compensation: $219,356
  • Related: $0
  • Other: $58,831
David Greenberg (Vice President)
  • Compensation: $205,741
  • Related: $0
  • Other: $62,789
Davina Bergin (Outgoing Chief Dvlpt Officer-Immito)
  • Compensation: $15,667
  • Related: $0
  • Other: $21,743
Denise Notice-Scott (President)
  • Compensation: $521,429
  • Related: $0
  • Other: $47,638
Diana Marcela Perez (Vice President)
  • Compensation: $184,715
  • Related: $0
  • Other: $53,641
Donna Giannone (Outgoing Vice President)
  • Compensation: $344,481
  • Related: $0
  • Other: $29,108
George Ashton (Managing Director)
  • Compensation: $286,715
  • Related: $0
  • Other: $64,950
Jeffrey Fishman (Outgoing Cio - Immito)
  • Compensation: $10,945
  • Related: $0
  • Other: $6
Jessica Hart (Vice President)
  • Compensation: $245,351
  • Related: $0
  • Other: $66,620
Joseph Horiye (Vice President)
  • Compensation: $230,373
  • Related: $0
  • Other: $63,954
Julia Ryan (Vice President)
  • Compensation: $216,890
  • Related: $0
  • Other: $59,881
Kenneth Patrick Maher (Vice President / Deputy General Counsel)
  • Compensation: $256,661
  • Related: $0
  • Other: $37,548
Kevin Jordan (Outgoing Svp)
  • Compensation: $73,945
  • Related: $0
  • Other: $5,860
Kimberly Cutcher (Vice President)
  • Compensation: $150,193
  • Related: $0
  • Other: $44,001
Kimberly Vandendadle (Chief Operating Officer -Immito)
  • Compensation: $173,032
  • Related: $0
  • Other: $22,115
Larry Jackson (Outgoing Vice President)
  • Compensation: $42,751
  • Related: $0
  • Other: $11,303
Laura Shively (Chief Credit Officer -Immito)
  • Compensation: $200,467
  • Related: $0
  • Other: $34,277
Madeline Fraser Cook (Vice President)
  • Compensation: $204,231
  • Related: $0
  • Other: $57,123
Malini Nayar (Outgoing Vice President)
  • Compensation: $97,512
  • Related: $0
  • Other: $23,218
Manpreet Mangat (Vice President)
  • Compensation: $185,922
  • Related: $0
  • Other: $53,971
Mary Ann Donovan (Outgoing Evp & Coo)
  • Compensation: $205,892
  • Related: $0
  • Other: $31,907
Matthew Josephs (Senior Vice President)
  • Compensation: $290,534
  • Related: $0
  • Other: $69,125
Michael Skrebutenas (Senior Vice President)
  • Compensation: $234,699
  • Related: $0
  • Other: $52,408
Michael Tang (Senior Vice President)
  • Compensation: $256,307
  • Related: $0
  • Other: $48,619
Mike Humberstone (Chief Information Officer)
  • Compensation: $241,633
  • Related: $0
  • Other: $49,527
Miranda Jones (Senior Vice President)
  • Compensation: $52,719
  • Related: $0
  • Other: $2,442
Monica Richardson Pride (Vice President)
  • Compensation: $170,026
  • Related: $0
  • Other: $32,836
Robert Cooney (Svp/General Counsel)
  • Compensation: $341,585
  • Related: $0
  • Other: $77,420
Seung Kim (Senior Vice President)
  • Compensation: $231,139
  • Related: $0
  • Other: $20,286
Shawn Luther (Vice President)
  • Compensation: $94,833
  • Related: $0
  • Other: $10,811
Steve Hall (Vice President)
  • Compensation: $196,237
  • Related: $0
  • Other: $34,048
Tahirih Ziegler (Senior Vice President)
  • Compensation: $242,119
  • Related: $0
  • Other: $46,401
Tiffany Royster (Vice President)
  • Compensation: $162,289
  • Related: $0
  • Other: $28,984
Todd Overley (Chief Development Officer-Immito)
  • Compensation: $89,601
  • Related: $0
  • Other: $10,523
Vanessa Ryan (Vice President)
  • Compensation: $180,620
  • Related: $0
  • Other: $26,434
Vuslat Eksi (Vice President)
  • Compensation: $188,220
  • Related: $0
  • Other: $52,926
William Taft (Senior Vice President)
  • Compensation: $234,226
  • Related: $0
  • Other: $53,611
Yvonne Tou Nolan (Vice President)
  • Compensation: $170,266
  • Related: $0
  • Other: $59,908
Kevin Boes (Senior Vice President)
  • Compensation: $89,497
  • Related: $394,022
  • Other: $57,889
Matthew Huber (Senior Vice President/Cfo Nmsc)
  • Compensation: $59,682
  • Related: $253,306
  • Other: $49,770
Steve Petsos (Senior Vice President)
  • Compensation: $73,276
  • Related: $347,357
  • Other: $52,422
Cindy Wu (Executive Director)
  • Compensation: $219,361
  • Related: $0
  • Other: $73,153
Jorge Cruz (Executive Director)
  • Compensation: $213,952
  • Related: $0
  • Other: $14,424
Karen Kelleher (Executive Director)
  • Compensation: $229,433
  • Related: $0
  • Other: $46,510
Meghan Harte (Senior Executive Director)
  • Compensation: $253,317
  • Related: $0
  • Other: $62,340
Valerie White (Senior Executive Director)
  • Compensation: $241,954
  • Related: $0
  • Other: $41,699


Official website here: www.lisc.org

Where can I find the form 990 for Local Initiatives Support Corporation?

Local Initiatives Support Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lisc.org

Learn more at the official website: www.lisc.org

Mission Statement of Local Initiatives Support Corporation

Local Initiatives Support Corporation (LISC) is a dedicated organization that assists community residents in transforming distressed neighborhoods into healthy and sustainable communities of choice and opportunity. LISC's mission is to help historically underserved people and places improve their quality of life.

In pursuit of this goal, LISC provides technical assistance and program services to community-based organizations throughout the country. These efforts aim to promote safer streets, help residents achieve economic stability, improve health and encourage healthy lifestyles, and incentivize change through arts and culture. By working closely with local partners, LISC strives to create vibrant, diverse, and resilient communities where people want to live, work, and thrive.

LISC's project development and investment initiatives are instrumental in revitalizing distressed neighborhoods. Through strategic partnerships and collaborative efforts, LISC fosters community-driven solutions that address the unique challenges and opportunities of each neighborhood. By focusing on long-term, sustainable change, LISC empowers communities to take control of their future and build a brighter tomorrow.

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Impact



October, 2024

The Local Initiatives Support Corporation (LISC) significantly impacts urban and rural areas across the U.S. by empowering historically underserved communities to enhance their quality of life. Through project development and investment, LISC offers technical assistance and various program services to community-based organizations.

These efforts facilitate the transformation of neighborhoods into healthy and sustainable locales where residents can thrive. Key initiatives include promoting safer streets, supporting residents in achieving economic stability, and improving health by encouraging healthier lifestyles. Additionally, LISC incentivizes positive change through arts and culture, fostering a vibrant community environment. This holistic approach helps residents cultivate a sense of choice and opportunity in their lives, ultimately contributing to the revitalization of distressed areas.



This information is meant to be a general summary of Local Initiatives Support Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$290,171,184 (2022)
Expenses
$283,041,132 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,228,358
  • Program Service Revenue: $116,493,589
  • Gross Receipts: $381,985,796

Assets and Liabilities:

  • Total Assets: $1,383,146,715
  • Total Liabilities: $834,650,375
  • Net Assets: $548,496,340

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONSULTING INCOME

Revenue

$38,608,164

INTEREST-COMMUNITY DEV

Revenue

$35,945,830

COMMUNITY DEVELOPMENT

Revenue

$20,563,096

EQUITY IN EARNINGS OF

Revenue

$17,543,131

LOAN FEES - LEGAL, CLO

Revenue

$1,575,566

Organization Details

Founding Year

1979

Phone

(212) 455-9800

Principal Officer

Lisa Glover

Main Address

28 LIBERTY STREET 34TH FLOOR, NEW YORK, NY, 10005

Website

www.lisc.org

NTEE Category

Code: S200 - Community improvement

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