Overview
What is Low Income Investment Fund?
The Low Income Investment Fund (LIIF) is a community development financial institution that focuses on enhancing opportunities for individuals and communities living in poverty. By serving the most vulnerable population, LIIF acts as a responsible guardian of capital, channeling investments into essential areas such as housing, child care, education, and other community projects in low-income neighborhoods. LIIF's comprehensive range of programs aims to increase capital availability within these communities.
Official website here: www.liifund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Low Income Investment Fund has achieved a Three-Star rating from Charity Navigator, which reflects a strong emphasis on accountability and financial management. The score of 81% is derived entirely from the Accountability & Finance category, indicating a robust organizational structure and a commitment to responsible stewardship of resources. The high percentage of independent board members and strong internal policies contribute positively to this rating.
Strengths of the organization include a significant focus on transparency, as evidenced by their high scores in various governance aspects, such as their conflict of interest policy and whistleblower policy. Additionally, the organization excels in its program expense ratio, which stands at 82.31%, demonstrating that a large portion of its resources goes directly toward its mission-related activities.
Despite these strengths, the rating is solely based on financial accountability, which may suggest that other dimensions of organizational effectiveness and impact are not as robustly evaluated. Potential donors and stakeholders may want to seek additional information about the programmatic outcomes and overall effectiveness of the initiatives supported by the Low Income Investment Fund.
This AI summary has been generated from information found on Charity Navigator.
Is Low Income Investment Fund legitimate?
Low Income Investment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Low Income Investment Fund 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: $3,429,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,973,705
For more financial information, click here
Official website here: www.liifund.org
What is the mission statement of Low Income Investment Fund?
The Low Income Investment Fund (LIIF) is a community development financial institution committed to increasing the accessibility of capital in low-income communities. With a focus on serving the most impoverished populations, LIIF acts as a guardian for capital investments in important community initiatives, such as housing and child care, among others. Their mission is geared towards creating opportunities for those in low-income situations, making them a vital steward for capital in various community-building projects.
Official website here: www.liifund.org
Who is the CEO of Low Income Investment Fund?
Daniel Nissenbaum is the Director And Ceo of Low Income Investment Fund. The CEO's salary of Low Income Investment Fund is $699,152 and their total compensation is $762,255.
Official website here: www.liifund.org
What is the revenue of Low Income Investment Fund?
Low Income Investment Fund's revenue in 2022 was $61,156,061.
Official website here: www.liifund.org
Who are the executives of Low Income Investment Fund and what are their salaries?
The average compensation at Low Income Investment Fund during 2022 was $130,937. There are 110 employees and 54 volunteers at Low Income Investment Fund.
Here are 25 key members and their salaries (Low Income Investment Fund's CEO's salary is $699,152 and their total compensation is $762,255):
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- Compensation: $699,152
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- Other: $63,103
- Compensation: $475,509
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- Other: $36,105
- Compensation: $219,325
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- Compensation: $266,759
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- Compensation: $348,509
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- Compensation: $264,930
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- Compensation: $291,742
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- Compensation: $253,010
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- Compensation: $249,054
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- Other: $94,852
- Compensation: $268,046
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- Other: $59,267
- Compensation: $212,879
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- Other: $34,130
- Compensation: $138,919
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- Other: $7,148
Official website here: www.liifund.org
Where can I find the form 990 for Low Income Investment Fund?
Low Income Investment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.liifund.org
Learn more at the official website: www.liifund.org
Mission Statement of Low Income Investment Fund
Low Income Investment Fund (LIIF), as a community development financial institution, plays a crucial role in expanding access to capital in economically disadvantaged communities. With a dedication to serving the poorest of the population, LIIF acts as a steward for the investments made in housing, child care, education, and other community-building initiatives. By providing a comprehensive range of programs, LIIF aims to create opportunities and improve the lives of low-income individuals and families.
LIIF's mission is multifaceted and far-reaching. It focuses on increasing the availability of capital in low-income areas through various means, with a primary goal of uplifting communities and improving the living conditions for those most in need. As a dedicated organization, LIIF is committed to making a tangible difference in the lives of people and communities often overlooked by traditional financial institutions. Whether it be through investment in affordable housing, child care facilities, or educational programs, LIIF's efforts are geared towards creating lasting impacts and opening doors to a brighter future.
In essence, Low Income Investment Fund is a catalyst for change, harnessing the power of capital to transform the lives of low-income individuals and communities. By providing essential resources and fostering partnerships, LIIF strives to create sustainable solutions and pave the way for a more equitable society.
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Impact
October, 2024
The Low Income Investment Fund (LIIF) significantly impacts low-income communities by enhancing access to essential capital and resources. It focuses on creating pathways of opportunity for individuals and families living in poverty. By investing in housing, child care, education, and other community-building initiatives, LIIF plays a critical role in fostering sustainable development and improving quality of life.
Through its comprehensive range of programs, LIIF supports the construction and rehabilitation of affordable housing, ensuring that low-income residents have access to safe and stable living conditions. Additionally, LIIF invests in child care facilities, which are vital for supporting working families and enhancing early childhood education. This focus on education not only benefits children but also empowers parents by providing them with the means to support their families financially.
By stewarding capital effectively, LIIF contributes to the economic resilience of communities, helping to break the cycles of poverty and create healthier, more vibrant neighborhoods. Its efforts lead to enhanced opportunities for social mobility, enabling individuals to pursue better livelihoods and contribute to their communities' growth. Overall, LIIF's work catalyzes significant change in the lives of the poorest of the poor, fostering environments where everyone has the chance to thrive.
This information is meant to be a general summary of Low Income Investment Fund. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $576,978
- Program Service Revenue: $32,593,472
- Gross Receipts: $61,447,229
Assets and Liabilities:
- Total Assets: $578,280,279
- Total Liabilities: $420,250,602
- Net Assets: $158,029,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$25,702,900
TECHNICAL ASSISTANCE
Revenue
$1,899,785
LOAN PACKAGING/SERVICE
Revenue
$1,740,705
LOAN ORIGINATION
Revenue
$1,714,590
LOAN ASSET MANAGEMENT
Revenue
$1,535,492
Organization Details
Founding Year
1984
Phone
(415) 489-6102Principal Officer
Daniel Nissenbaum
Main Address
49 STEVENSON ST SUITE 300, SAN FRANCISCO, CA, 94105
Website
www.liifund.orgNTEE Category
Code: L820 - Housing
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