2024-05-15T15:39:44-05:00 2023-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2022-07-01 260003950 LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE LIVI 6464422200 805 15TH STREET NW 500 WASHINGTON DC 20005 JOSEPH SCANTLEBURY CEO 6464422200 2024-05-15 1 JOSEPH SCANTLEBURY 999009999 0 X FREDERICK E DAVIS JR P00446023 2127094500 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JOSEPH SCANTLEBURY 805 15TH STREET NW 500 WASHINGTON DC 20005 22906009 0 X WWW.LIVINGCITIES.ORG X 2001 DE LIVING CITIES HARNESSES THE COLLECTIVE POWER OF PHILANTHROPY AND FINANCIAL INSTITUTIONS TO IMPROVE THE LIVES OF LOW-INCOME PEOPLE AND THE CITIES WHERE THEY LIVE. 17 17 39 0 0 0 8979900 18237086 0 0 790652 853764 181636 276783 9952188 19367633 1200989 4184315 0 0 5701093 5720571 0 0 346566 4672583 6393022 11574665 16297908 -1622477 3069725 48531409 53225172 21552692 23176730 26978717 30048442 X LIVING CITIES HARNESSES THE COLLECTIVE POWER OF PHILANTHROPY AND FINANCIAL INSTITUTIONS TO IMPROVE THE LIVES OF LOW-INCOME PEOPLE AND THE CITIES WHERE THEY LIVE. 0 0 7817621 4057155 CLOSING THE GAPS NETWORK - THE CLOSING THE GAPS NETWORK IS A PROGRAMMATIC AREA CONSISTING OF THREE SUB INITIATIVES, WHICH ARE PRACTICE AREAS, STRATEGY AREA, AND FIELD BUILDING AND SECTORAL CHANGE. THE CLOSING THE GAPS NETWORK ACKNOWLEDGES THAT THROUGH POLICIES, LAWS, AND PRACTICES THAT CONFERRED ADVANTAGES AND DISADVANTAGES ALONG RACIAL LINES, GOVERNMENT HAS PLAYED A LARGE ROLE IN CREATING AND MAINTAINING INEQUITIES THAT HAVE LED TO RACIAL INCOME AND WEALTH GAPS. GOVERNMENT CAN PLAY AN OUTSIZED ROLE IN ADDRESSING THEM. THE NETWORK BRINGS TOGETHER LOCAL GOVERNMENT LEADERS FROM UP TO 30 CITIES FROM ACROSS THE COUNTRY WHO ARE COMMITTED TO IMAGINING WHAT AN ANTIRACIST SOCIETY MIGHT LOOK LIKE, AND TO PLAYING AN IMPORTANT ROLE IN BUILDING IT THROUGH TRANSFORMING GOVERNMENT POLICIES, PRACTICES, AND OPERATIONS. 2328490 61471 1242157 CAPITAL FOR THE NEW MAJORITY - ACCORDING TO EXISTING DATA TO BETTER UNDERSTAND THE SCALE OF THE RACIAL INCOME AND WEALTH GAPS, CAPITAL IS NOT DISTRIBUTED EQUITABLY. IN A COUNTRY UNDERGOING RAPID DEMOGRAPHIC SHIFTS, ADDRESSING SYSTEMIC RACIAL DISPARITIES IS PARAMOUNT. THIS PROJECT WILL IDENTIFY OPPORTUNITIES TO SHIFT POWER WITHIN THE CAPITAL SYSTEMS AND ACHIEVE BETTER OUTCOMES FOR ALL PEOPLE LIVING IN U.S. CITIES. CAPITAL FOR THE NEW MAJORITY WILL EXPLORE THE CREATION OF A HYBRID EQUITY FUND THAT ADDRESSES THE CAPITAL NEEDS OF FUND MANAGERS OF COLOR, EXAMINE WAYS TO LEVEL THE PLAYING FIELD FOR WEALTH BUILDING, AND LEVERAGE RELATIONSHIPS TO PROMOTE THE DEVELOPMENT OF A COMMUNITY PRACTICE THAT CHANNELS CAPITAL INTO THE HANDS OF FOUNDERS AND FUND MANAGERS OF COLOR. 1465219 62527 75000 MEMBER COLLECTIVE ACTION - WORK IN THIS AREA INCLUDES IMPLEMENTING A FIELD-WIDE INFLUENCE STRATEGY AIMED AT SHIFTING THE NARRATIVE AMONG BUSINESS LEADERS TO RECOGNIZE THAT RACIAL EQUITY IS CRITICAL TO LONG-TERM BUSINESS GROWTH AND DEVELOPMENT. THIS WORK IS DONE IN COLLABORATION WITH STAKEHOLDERS ACROSS ALL SECTORS, PUBLIC, PHILANTHROPIC, AND PRIVATE, TO CHANGE BELIEFS AND PRACTICES IN THE BUSINESS WORLD. 1237010 3162 LEARNING, STORY-TELLING & RESULTS 1237010 3162 12848340 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 80 0 1 39 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC NY X JAMILAH DAVIS CHIEF FINANCIAL & ADMINISTRATIVE OFFICER 6464422214 805 15TH STREET NW SUITE 500 WASHINGTON DC 20005 LISA HAMILTON BOARD MEMER, CHAIR 2.00 X 0 0 0 SHANE HARRIS BOARD MEMBER, CO-CHAIR 2.00 X 0 0 0 TIA HODGES BOARD MEMBER, TREASURER 2.00 X 0 0 0 DON CHEN BOARD MEMBER, SECRETARY 2.00 X 0 0 0 BRANDEE MCHALE BOARD MEMBER 1.00 X 0 0 0 PHILIP GASKIN BOARD MEMBER, EXEC COMM 2.00 X 0 0 0 JUNE DAVIS BOARD MEMBER 1.00 X 0 0 0 RHEA WILLIAMS-BISHOP BOARD MEMBER 1.00 X 0 0 0 CHANTEL RUSH BOARD MEMBER 1.00 X 0 0 0 TAWA MITCHELL BOARD MEMBER 1.00 X 0 0 0 DAVID NICHOLSON BOARD 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AND DUE DILIGENCE SERVICES 153312 TOOMER STRATEGIES LLC 8560 2ND AVENUE 111 SILVER SPRING MD 20910 COMMUNICATIONS CONSULTING 147750 5 18237086 18237086 877443 877443 3514697 3538376 -23679 -23679 -23679 LOAN LOSS RESERVE RECOVERY 900099 173581 173581 OTHER INCOME 900099 103202 103202 276783 19367633 0 0 1130547 X 4184315 4184315 1082401 487204 248631 346566 3730200 2469804 1260396 230910 152888 78022 381684 252717 128967 295376 195571 99805 407673 287892 119781 67056 40588 26468 3456472 3002481 453991 16267 9846 6421 89126 53946 35180 320883 194224 126659 460572 278775 181797 328259 234436 93823 557960 416875 141085 393218 393218 95880 58034 37846 31102 18825 12277 REPAIRS AND MAINTENANCE 66844 40459 26385 UTILITIES 39505 25387 14118 MISC 38098 30596 7502 LOAN LOSS RESERVE EXPEN 14359 14359 9748 5900 3848 16297908 12848340 3103002 346566 13281744 13485391 2018095 2043422 8150964 11590601 16626854 14441927 65834 173068 1232081 481106 399907 750975 4501568 4464813 3343112 3461282 143331 2813693 48531409 53225172 672996 615538 279373 1254413 279318 0 20260180 18639966 60825 2666813 21552692 23176730 X 12271896 14313492 14706821 15734950 26978717 30048442 48531409 53225172 3069725 0 X 0 1 X 1 0 X 10337789 19536519 11502778 8979900 18237086 68594072 10337789 19536519 11502778 8979900 18237086 68594072 37947854 30646218 470328 495684 650741 790652 1051024 3458429 31973 135474 309815 181636 658898 72711399 0.42150 0.43040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 421696 164665 257031 810385 316441 493944 750975 2.0% IMPACT VENTURES III LP 1528226 C 2.5% URBAN INNOVATION FD I LP 500000 C DOMESTIC SMALL CAP PFS FUND I, LP 933063 C FOUNDERS FIRST CAPITAL PARTNERS 499993 C 3461282 OTHER RECEIVABLES 88202 OTHER ASSETS 13818 OPERATING LEASE RIGHT OF USE 2547533 DEPOSITS 164140 2813693 DEFERRED RENT 2666813 2666813 X 19343954 -23679 -23679 19367633 0 19367633 16297908 0 16297908 0 16297908 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR FURTHER DISCLOSURE IN THE NOTES TO THE FINANCIAL STATEMENTS. 0 ACTIVEST 712 H STREET NE 993 WASHINGTON DC 20002 852644303 1733750 0 FISCAL SPONSORSHIP PASS-THRU GRANTS SCHOOL READINESS CONSULTING LLC 812 THAYER AVENUE SUITE 209 SILVER SPRING MD 20910 450949314 47500 0 FISCAL SPONSORSHIP PASS-THRU GRANTS CITY OF SAINT PAUL 700 CITY HALL W KELLOGG BLVD SAINT PAUL MN 55102 550201 0 BIPOC HOMEOWNERSHIP AND BUSINESS STARTS AND GROWTH PROGRAM SUPPORT CITY OF ALBUQUERQUE 1 CIVIC PLAZA NW ROOM 1080B-17 ALBUQUERQUE NM 87192 550201 0 BIPOC HOMEOWNERSHIP AND BUSINESS STARTS AND GROWTH PROGRAM SUPPORT YOUTHPRISE 3001 BROADWAY STREET NE SUITE 330 MINNEAPOLIS MN 55413 274126970 501C(3) 550201 0 BIPOC HOMEOWNERSHIP AND BUSINESS STARTS AND GROWTH PROGRAM SUPPORT CITY OF ROCHESTER 30 CHURCH STREET ROOM 111A ROCHESTER NY 14614 550201 0 BIPOC HOMEOWNERSHIP AND BUSINESS STARTS AND GROWTH PROGRAM SUPPORT BLACK WOMEN IN VENTURE CAPITAL 1605 WASHINGTON STREET UNIT 3 SAN FRANCISCO CA 94109 882124922 501C(3) 60527 0 BUILDERS AND BENEFACTORS EVENT SPONSORSHIP RED SALMON ARTS 2000 THRASHER LANE AUSTIN TX 78741 742940343 501C(3) 75101 0 BIPOC HOMEOWNERSHIP PROGRAM SUPPORT X X 0 0 0 0 0 0 0 0 0 JOSEPH SCANTLEBURY PRESIDENT & CEO 391905 0 0 0 0 0 0 0 15841 0 407746 0 0 0 CHIPO SACHIRARWE CHIEF OPERATING OFFICER 337020 0 4000 0 0 0 30408 0 15574 0 387002 0 0 0 DEMETRIC DUCKETT MANAGING DIRECTOR, CAPITAL 251881 0 4000 0 0 0 25412 0 6360 0 287653 0 0 0 ESTHER MENSAH-SULLIVAN CONTROLLER 198318 0 29000 0 0 0 18285 0 14672 0 260275 0 0 0 JULIE BOSLAND ASSOCIATE DIRECTOR 217996 0 4000 0 0 0 17270 0 13639 0 252905 0 0 0 ELIZABETH REYNOSO ASSOCIATE DIRECTOR 197790 0 4000 0 0 0 19995 0 12386 0 234171 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A EACH "FUNDING ORGANIZATION" HAS THE RIGHT TO APPOINT A DIRECTOR TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS. THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, MITCHELL TITUS, LLP, BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S ACCOUNTING TEAM, AND IS REVIEWED PRIOR TO SIGNING BY THE ORGANIZATIONS CEO AND CFAO FOR FILING. THE AUDIT COMMITTEE IS NOT INVOLVED IN THE REVIEW/FILING PROCESS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES MUST SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT WHEN HIRED; THE STATEMENT EXPLICITLY REQUIRES THE EMPLOYEE TO REPORT, TO FILE, AND AMEND STATEMENT WITH THE CEO IF A CONFLICT MAY ARISE DURING THEIR TENURE. FORM 990, PART VI, SECTION B, LINE 15 IN 2013, THE ORGANIZATION RETAINED A COMPENSATION CONSULTANT TO REVIEW AND CONFIRM THE SALARY RANGES OF ALL POSITIONS IN THE ORGANIZATION. THE RESULTS OF THAT STUDY WERE UPDATED IN 2015, FISCAL YEAR 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT FEES & EXPENSES: PROGRAM SERVICE EXPENSES 2,741,872. MANAGEMENT AND GENERAL EXPENSES 284,041. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,025,913. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 260,609. MANAGEMENT AND GENERAL EXPENSES 169,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 430,559. LIVING CITIES BLENDED CATALYST FUND LLC 805 15TH STREET NW SUITE 500 WASHINGTON DC 20005 300889697 PRI LENDER DE 442182 23066585 LCI 1 1