2021-05-07T09:03:37-05:00 2020-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2019-07-01 942952578 LOW INCOME INVESTMENT FUND LOWI 4154896102 49 STEVENSON ST SUITE 300 SAN FRANCISCO CA 94105 GILES COATES EVP AND CHIEF FINANCIAL OFFICE 4154896102 2021-05-05 1 YONG ZHANG CPA P01249785 7033366400 2021-05-05 2019 2022-09-23 18:48:47Z X DANIEL NISSENBAUM 521 FIFTH AVE STE 625 NEW YORK NY 10175 82148589 0 X WWW.LIIFUND.ORG X 1984 CA LIIF IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WHICH PROVIDES A COMPREHENSIVE RANGE OF PROGRAMS TO INCREASE THE AVAILABILITY OF CAPITAL IN LOW INCOME COMMUNITIES. 13 12 91 51 0 0 16612436 30313162 36381948 30745293 1114364 -179604 232400 213603 54341148 61092454 11135751 11199955 0 0 13489250 14931805 0 0 2083360 20430932 21270992 45055933 47402752 9285215 13689702 528536415 576150842 405337026 439011478 123199389 137139364 X SEE SCHEDULE O 0 0 21531056 21788078 LENDING ACTIVITIES: LIIF EMPLOYS A HOLISTIC STRATEGY THAT FOCUSES ON FIVE PRIORITY PROGRAMS--AFFORDABLE HOUSING, CHILD CARE, K-12 EDUCATION, TRANSIT ORIENTED DEVELOPMENT AND HEALTH (THROUGH ACCESS TO HEALTHY FOOD AND HEALTH CARE CLINICS). THESE PROGRAMS ARE SUPPORTED BY LIIF'S FEDERAL POLICY PRESENCE THAT WORKS TO PRESERVE AND MAINTAIN COMMUNITY CAPITAL PROGRAMS. LIIF USES INNOVATIVE STRATEGIES TO ATTRACT PRIVATE CAPITAL TO AREAS WITH UNDERSERVED COMMUNITIES THAT WOULD OTHERWISE BE OUT OF REACH. SINCE INCEPTION, WE HAVE PROVIDED OVER $3.3 BILLION TO PROJECTS SERVING LOW INCOME INDIVIDUALS AND FAMILIES, AND THESE INVESTMENTS HAVE LEVERAGED $14.3 BILLION IN OTHER CAPITAL INVESTMENTS. LIIF'S WORK SUPPORTS THOSE MOST IN NEED - OF THE 2.3 MILLION PEOPLE SERVED THROUGH LIIF'S FINANCING AND TECHNICAL ASSISTANCE - 97% HAVE BEEN LOW INCOME.LIIF'S FLEXIBLE AND AFFORDABLE CAPITAL FILLS A GAP FOR COMMUNITY DEVELOPMENT ORGANIZATIONS THAT ARE UNABLE TO CONSISTENTLY ACCESS LOANS FROM TRADITIONAL FINANCIAL INSTITUTIONS. LIIF MAKES DIRECT LOANS THROUGH ITS REVOLVING LOAN FUND ("RLF") AND OTHER LOAN FUNDS. LIIF ALSO UNDERWRITES AND PACKAGES LOANS ACQUIRED BY BANKS, OTHER INTERMEDIARIES AND CONVENTIONAL LENDERS THROUGH INNOVATIVE PROGRAM-SPECIFIC FUNDS TO SUPPORT COMMUNITY DEVELOPMENT ORGANIZATIONS ACROSS THE NATION.LIIF COMPLEMENTS ITS LOANS WITH THOROUGH, TIME-INTENSIVE TECHNICAL ASSISTANCE ("TA"). LIIF'S TA GUIDES ORGANIZATIONS THROUGH REAL ESTATE DEVELOPMENT, HELPING THEM DEVELOP AND SUSTAIN THEIR FINANCIAL STABILITY TO ENSURE PRUDENT PLANNING AND MANAGEMENT OF THEIR FINANCIAL OBLIGATIONS, AND ULTIMATELY ENABLING THESE COMMUNITY BORROWERS TO READY THEIR ORGANIZATIONS TO APPROACH CONVENTIONAL LENDERS.AFFORDABLE HOUSING IS THE CORNERSTONE OF LIIF'S WORK, COMPRISING NEARLY HALF OF THE ORGANIZATION'S HISTORICAL ACTIVITY. SINCE ITS INCEPTION, LIIF HAS INVESTED NEARLY 1.7 BILLION TO SUPPORT THE DEVELOPMENT OF 85,058 UNITS OF AFFORDABLE HOUSING, WHICH HAS PRODUCED ENHANCED LIVING CONDITIONS AND SAVED LOW INCOME FAMILIES MORE THAN $22 BILLION THROUGH REDUCED HOUSING COSTS. AVAILABILITY OF AFFORDABLE HOUSING IS VITAL IN CREATING A FOUNDATION FOR COMMUNITY REVITALIZATION AND FAMILY STABILITY, LINKED, AS IT IS, TO EMPLOYMENT, WAGE GAINS, EDUCATIONAL ATTAINMENT, AND IMPROVED HEALTH FOR POOR FAMILIES.EDUCATION IS A KEY COMPONENT IN ENHANCING OPPORTUNITIES FOR ECONOMIC MOBILITY AND ASSET GROWTH FOR LOW INCOME HOUSEHOLDS. LIIF LAUNCHED ITS EDUCATION PROGRAM IN 1998, AND CURRENTLY FOCUSES ON HELPING CHARTER SCHOOLS BRING QUALITY EDUCATIONAL OPPORTUNITIES TO UNDERSERVED, DISTRESSED COMMUNITIES. LIIF'S EDUCATION PROGRAM USES A THREE-PRONGED APPROACH TO ACHIEVE ITS GOALS: PROVIDING DIRECT FINANCING FOR SCHOOLS, LEVERAGING THIRD-PARTY CAPITAL FOR SCHOOLS, AND BUILDING THE CAPACITY OF SCHOOL DEVELOPERS AND THE EDUCATION SYSTEM. LIIF IS ONE OF THE LARGEST CDFI CHARTER SCHOOL FINANCIERS IN THE NATION, HAVING INVESTED OVER $704 MILLION SUPPORTING THE DEVELOPMENT OF 101,350 QUALITY CHARTER SCHOOL SPACES FOR LOW-INCOME STUDENTS.LIIF'S TRANSIT ORIENTED DEVELOPMENT (TOD) PROGRAM INVESTS IN PROJECTS THAT PLACE AFFORDABLE HOUSING AND VITAL COMMUNITY SERVICES CLOSE TO ACCESSIBLE TRANSPORTATION. LIIF MANAGES THE $50 MILLION BAY AREA TRANSIT-ORIENTED AFFORDABLE HOUSING (TOAH) FUND, AN INNOVATIVE STRUCTURED FUND THAT PROVIDES DEVELOPERS WITH FLEXIBLE, AFFORDABLE CAPITAL TO PURCHASE OR IMPROVE AVAILABLE PROPERTY NEAR TRANSIT LINES IN THE BAY AREA. 9883539 7867007 1811773 EARLY CARE AND EDUCATION (ECE) PROGRAM: QUALITY ECE ENABLES PARENTS TO WORK OR ATTEND SCHOOL WITHOUT WORRY FOR THEIR CHILDREN'S WELL-BEING, AND PROVIDES CHILDREN WITH A STRONG START ON THE SKILLS NECESSARY FOR FUTURE SUCCESS IN SCHOOL AND IN LIFE. LIIF LAUNCHED ITS ECE PROGRAM IN 1998, OFFERING LOANS, GRANTS, AND TECHNICAL ASSISTANCE TO SUPPORT THE DEVELOPMENT OF HIGH QUALITY CHILD CARE SLOTS FOR LOW INCOME FAMILIES. SINCE THE PROGRAM'S INCEPTION, LIIF HAS PROVIDED TRAININGS AND WORKSHOPS ON THE DEVELOPMENT AND FINANCING OF CHILD CARE FACILITIES AND ONE-ON-ONE TECHNICAL ASSISTANCE TO PROVIDERS. IN ADDITION, LIIF HAS OFFERED MILLIONS OF DOLLARS IN LOANS AND PLANNING GRANTS. LIIFS ECE PROGRAM CURRENTLY FOCUSES ITS EFFORTS IN THE SAN FRANCISCO BAY AREA, WASHINGTON DC AND NEW YORK CITY. IN 2020, LIIF PROVIDED MORE THAN 642 HOURS OF SPECIALIZED TECHNICAL ASSISTANCE AND $12 MILLION IN GRANTS TO HUNDREDS OF ECE PROGRAMS TO PRESERVE AND ENHANCE 1,462 SLOTS IN LOW INCOME COMMUNITIES THROUGH THESE PROGRAMS. 5250458 3087288 7359045 OTHER DEVELOPMENT SERVICES: OTHER DEVELOPMENT SERVICES INCLUDE THE STRONG, PROSPEROUS, AND RESILIENT COMMUNITIES CHALLENGE (SPARCC). IN PARTNERSHIP WITH ENTERPRISE COMMUNITY PARTNERS, THE NATURAL RESOURCES DEFENSE COUNCIL, AND THE FEDERAL RESERVE BANK OF SAN FRANCISCO, AND SUPPORTED BY THE CALIFORNIA ENDOWMENT, FORD FOUNDATION, THE JPB FOUNDATION, THE KRESGE FOUNDATION, AND ROBERT WOOD JOHNSON FOUNDATION, LIIF DESIGNED AND LAUNCHED SPARCC, A THREE-YEAR, $90 MILLION INITIATIVE TO AMPLIFY LOCALLY DRIVEN EFFORTS TO ENSURE THAT MAJOR NEW INFRASTRUCTURE INVESTMENTS LEAD TO EQUITABLE, HEALTHY OPPORTUNITIES FOR EVERYONE. SPARCC SEEKS TO HELP REGIONS REFINE AND INTEGRATE THEIR VISION FOR THE FUTURE, WHERE THE POLICIES AND PRACTICES THAT SHAPE THE BUILT ENVIRONMENT ADDRESS THE ISSUES OF RACIAL EQUITY, HEALTH, AND CLIMATE RESILIENCY. LOCAL LEADERS KNOW THAT, WHILE TYPICALLY TACKLED SEPARATELY, THESE ISSUES ARE DEEPLY INTERTWINED. 629704 245660 OTHER PROGRAMS. 629704 245660 37294757 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 123 0 1 91 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NY X ROXANNE HUEY 4154896102 49 STEVENSON ST SUITE 300 SAN FRANCISCO CA 94105 CAROL NAUGHTON CHAIR 1.00 X X 0 0 0 REYMUNDO OCANAS VICE CHAIR 1.00 X X 0 0 0 JANIS BOWDLER SECRETARY 1.00 X X 0 0 0 RUSSELL BRUEMMER TREASURER 1.00 X X 0 0 0 DEREK DOUGLAS DIRECTOR 1.00 X 0 0 0 LAKSIRI ABEYSEKERA DIRECTOR 1.00 X 0 0 0 DAVID FLEMING DIRECTOR 1.00 X 0 0 0 DONNA GAMBRELL DIRECTOR 1.00 X 0 0 0 PAMELA S JOHNSON DIRECTOR 1.00 X 0 0 0 WILLIAM C KELLY JR DIRECTOR 1.00 X 0 0 0 ROY SWAN DIRECTOR 1.00 X 0 0 0 MARGARET ANADU DIRECTOR 1.00 X 0 0 0 MICHAEL SOLOMON DIRECTOR 1.00 X 0 0 0 ERIKA POETHIG DIRECTOR 1.00 X 0 0 0 DANIEL NISSENBAUM DIRECTOR AND CEO 40.00 X X 597847 0 67568 KIMBERLY LATIMER-NELLIGAN COO & EVP, CIP 40.00 X 534572 0 53015 GILES COATES CFO & EVP 40.00 X 249721 0 13580 PATRICIA GOPAUL EVP & GENERAL COUNSEL 40.00 X 304269 0 54195 SABRINA BAPTISTE CAO & SENIOR VP 40.00 X 225657 0 38007 SUSAN HYMAN SENIOR VP 40.00 X 271184 0 43412 AMY LAUGHLIN VP OF STRUCTURE PRODUCTS & CAPITAL MARKETS 40.00 X 262684 0 47757 LEILA AHMADIFAR VP, WESTERN REGION & NATIONAL MARKETS 40.00 X 259660 0 31451 ROXANNE HUEY VP, FINANCE AND CORPORATE 40.00 X 246492 0 71379 RACHEL BLUESTEIN SVP, NATIONAL PROGRAM 40.00 X 243533 0 54406 3195619 0 474770 47 0 1 0 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 606740051 ACCOUNTING CONSULTING FEES 361995 XANTRION INC 651 THOMAS L BERKELEY WAY OAKLAND CA 94612 INFORMATION TECHNOLOGY SERVICES 359456 NEXT STREET FINANCIAL LLC 75 BOARD STREET SUITE 702 NEW YORK NY 10004 ADVISORY CONSULING SERVICE 176052 DENTONS US LLP DEPT 3078 CAROL STREAM IL 601323078 LEGAL FEES 142764 4 10960771 19352391 30313162 INTEREST ON LOANS 525990 26209783 26209783 LOAN PACKAGING AND SER 525990 2600872 2600872 LOAN ORIGINATION 525990 1692582 1692582 TECHNICAL ASSISTANCE F 525990 242056 242056 30745293 973034 973034 19903497 19881068 1175067 22429 -1175067 -1152638 -1152638 EQUITY INCOME FROM MEM 523000 182096 182096 MISC. INCOME 900099 31507 31507 213603 61092454 30958896 0 -179604 9442177 9442177 1757778 1757778 1979935 656703 736222 587010 9885413 6113655 3479989 291769 370438 214719 125534 30185 1947181 837688 1007384 102109 748838 415914 279189 53735 1159165 754334 404831 263206 4943 258263 92581 92581 2097491 1356587 87470 653434 687366 358582 273820 54964 1753940 1259452 274283 220205 595926 285746 287980 22200 27481 21885 4568 1028 11578521 11578521 286977 184613 59904 42460 209434 209434 PROVISION FOR LOAN LOSS 1677930 1677930 LICENSES AND FEES 345631 159982 181642 4007 OTHER EXPENSES 337040 122815 204978 9247 MEMBERSHIP AND PUBLICAI 158303 90733 56563 11007 47402752 37294757 8024635 2083360 3726516 24777106 69268923 56212370 6304566 17819464 363319 840984 426110889 453030928 837937 791803 1645636 517801 1604329 1127835 17442482 18319932 670821 741265 2206633 2489155 528536415 576150842 4723639 10554123 3750000 7083331 148559 148559 12122628 7432208 383735873 411147769 856327 2645488 405337026 439011478 X 74092186 77077417 49107203 60061947 123199389 137139364 528536415 576150842 13689702 250273 0 X X 0 1 X 1 1 1 X 4919153 20362659 13993547 16612436 30313162 86200957 4919153 20362659 13993547 16612436 30313162 86200957 25338644 60862313 522230 574976 678716 1249567 973034 3998523 90199480 140439465 0.67480 0.71610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 81079 81079 47321673 47402752 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 172835 148655 127503 81079 530072 250000 250000 250000 250000 1000000 1500000 0 12122628 4690420 7432208 1 X 365496 22660 342836 1280140 495141 784999 1127835 INTEREST PAYABLE 2645488 2645488 X 62425213 250273 1175067 1425340 60999873 92581 92581 61092454 47310171 0 47310171 92581 92581 47402752 PART IV, LINE 2B: FUNDS HELD IN TRUST INCLUDES CASH PROVIDED BY BORROWERS AND FUNDERS TO COVER ANTICIPATED DRAWS AND CERTAIN OPERATIONS EXPENSES ASSOCIATED WITH LOAN PARTICIPATIONS. PART X, LINE 2: LIIF IS A NONPROFIT ORGANIZATION THAT HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD AS AN ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAX ON ITS INCOME OTHER THAN UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) UNDER THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. IN ADDITION, LIIF HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE UNDER SECTION 170 OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION THAT IS ELIGIBLE TO RECEIVE TAX-DEDUCTIBLE CONTRIBUTIONS. LIIF HAS ACCOUNTED FOR THE UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC). LIIF USES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE EFFECT OF APPLYING THIS MODEL AND THE RESULTING IDENTIFICATION OF UNCERTAIN TAX POSITIONS, IF ANY, WERE NOT CONSIDERED SIGNIFICANT FOR FINANCIAL REPORTING PURPOSES AND ARE NOT ANTICIPATED TO CHANGE IN THE 12 MONTHS FOLLOWING JUNE 30, 2020. DURING THE YEARS ENDED JUNE 30, 2020 AND 2019, LIIF RECOGNIZED NO INTEREST OR PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS. LIIF IS SUBJECT TO THE FILING OF U.S. FEDERAL, NEW YORK, AND CALIFORNIA INFORMATIONAL RETURNS. FEDERAL AND NEW YORK RETURNS FOR YEARS ENDED JUNE 30, 2017 THROUGH JUNE 30, 2020, AND CALIFORNIA RETURNS FOR YEARS ENDED JUNE 30, 2016 THROUGH JUNE 30, 2020, ARE CURRENTLY OPEN FOR POTENTIAL FEDERAL AND STATE EXAMINATION. LIIF HAS FOR-PROFIT SUBSIDIARY ENTITIES THAT ARE SUBJECT TO THE FILING OF LIMITED LIABILITY CORPORATION TAX RETURNS WHICH MAY INCLUDE U.S. FEDERAL, NEW YORK, AND CALIFORNIA JURISDICTIONS. DURING THE YEARS ENDED JUNE 30, 2020 AND 2019, THESE SUBSIDIARY ENTITIES RECOGNIZED NO INTEREST OR PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS. FEDERAL AND NEW YORK RETURNS FOR YEARS ENDED JUNE 30, 2017 THROUGH JUNE 30, 2020, AND CALIFORNIA RETURNS FOR YEARS ENDED JUNE 30, 2016 THROUGH JUNE 30, 2020, ARE CURRENTLY OPEN FOR POTENTIAL FEDERAL AND STATE EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 1,175,067. 1 ABC CHILD DEVELOPMENT CENTER INC 6029 3RD ST NW WASHINGTON DC 20011 272827468 20000 DC EQIP GRANT ADEOLA OYEKOLA CDH CORP DBA ADEOLA A OYEKOLA 866 YUMA ST SE WASHINGTON DC 20032 300994666 35700 DC EQIP GRANT ANACOSTIA KIDDIE ACADEMY INC 4339 BOWEN ROAD SE WASHINGTON DC 20019 520974795 15000 DC EQIP GRANT ATLANTA REGIONAL COMMISSION 40 COURTLAND STREET ATLANTA GA 30303 586002324 501 (C) (3) 720000 SPARCC GRANT AURORA DAY CARE 1858 ROYAL AVENUE SAN MATEO CA 94491 610922999 8000 FCC COVID CC EMERGENCY GRANT BAMBINI PLAY & LEARN DAY CARE CENTER LLC 900 MASSACHUSETTS AVE NW WASHINGTON DC 20005 275069626 305200 DC AQCCE PRE-DEVELOPMENT GRANT BARBARA CHAMBERS CHILDREN'S CENTER 1470 IRVING STREET NW WASHINGTON DC 20010 520965477 501 (C) (3) 160000 DC AQCCE CAP NEW DEVELOPMENT GRANT BENNETT BABIES INC 700 MONROE STREET NE WASHINGTON DC 20017 710951608 14200 DC EQIP GRANT BROADCASTERS' CHILD DEVELOPMENT CENTER 3007 TILDEN STREET NW WASHINGTON DC 20008 521197310 501 ( C)(3) 440000 AQCCE SUB-GRANT CAPITAL NEW DEVELOPMENT BUCU WEST DEVELOPMENT ASSOCIATION 4200 MORRISON ROAD UNIT 3 DENVER CO 80219 841135942 501 ( C)(3) 56525 SPARCC CAPITAL GRANT CHILD CENTER INC 202 RIGGS ROAD NE WASHINGTON DC 20010 521977939 30000 DC EQIP GRANT CALIFORNIA COMMUNITY FOUNDATION 221 S FIGUEROA ST STE 400 LOS ANGELES CA 90012 953510055 501 (C) (3) 221638 SPARCC GRANT CHANTELLE'S QUALITY CHILD CARE CENTER INC 4221 7TH ST NW WASHINGTON DC 20011 043812323 17300 DC EQIP GRANT CHRISTIAN TABERNACLE CHILD DEVELOPMENT 2029 11TH STREET NW WASHINGTON DC 20001 237372668 40000 DC EQIP GRANT COMMUNITY EDUCATIONAL RESEARCH GROUP 4021 MINNESOTA AVE WASHINGTON DC 20019 462596820 501 (C) (3) 435500 DC AQCCE CAP NEW DEVELOPMENT GRANT ESCUELITA PRESCHOOL 1649 BLOSSOM HILL RD SAN JOSE CA 95124 824620529 6600 FCC COVID CC EMERGENCY GRANT FABULOUS KIDS EARLY LEARNING CENTER 1505 1ST STREET SW WASHINGTON DC 20024 823774485 501 (C) (3) 20000 DC EQIP GRANT FAMILY LIFE CENTER FOUNDATION 1107 9TH STREET NW WASHINGTON DC 20001 521245163 501 (C) (3) 8000 DC EQIP GRANT FULL GOSPEL TABERNACLE CHURCH INC 632 11TH STREET NE WASHINGTON DC 20002 521454431 501 (C) (3) 24500 DC EQIP GRANT GATARI CHILD DEVELOPMENT CENTER 2628 BLADENSBURG ROAD NE WASHINGTON DC 20018 475423991 501 (C) (3) 50000 DC EQIP GRANT GOLDIE'S 2 LLC 6234 3RD STREET NW WASHINGTON DC 20011 113830431 14200 DC EQIP GRANT GOOD SAMARITAN FAMILY RESOURCE CENTER 1294 POTRERO AVENUE SAN FRANCISCO CA 94110 943154078 501 (C) (3) 1500000 CCFF CAPITAL NEW DEVELOPMENT GRANT GRACE CHURCH OF GOD IN CHRIST 4812 WEMBERLEY DRIVE MEMPHIS TN 38125 260658232 501 (C) (3) 51275 SPARCC CAPITAL GRANT GROVE PARK 1566 DONALD LEE HOLLLOWELL PARKWAY STE 105 ATLANTA GA 30318 821913260 501 (C) (3) 140472 EQT-GROVE PARK DISCOUNT HEIGHTS COMMUNITY DEVELOPMENT CORPORATION PO BOX 221042 MEMPHIS TN 38122 813066683 501 (C) (3) 116000 SPARCC CAPITAL GRANT HOME AWAY FROM HOME CHILD DEVELOPMENT CENTER INC 414 R STREET NW WASHINGTON DC 20001 134299097 501 (C) (3) 7740 DC EQIP GRANT IDEA CHILD CARE DEVELOPMENT CENTER 801-805 ROCK CREEK CHURCH ROAD NW WASHINGTON DC 20010 611668008 20000 DC EQIP GRANT ISRAEL MANOR INC PO BOX 90960 WASHINGTON DC 20090 522094101 501 (C) (3) 15000 DC EQIP GRANT JEWEL'S NEW BEGINNING LEARNING CENTER LLC 3927 SOUTH CAPITOL SW WASHINGTON DC 20032 300786382 135264 DC AQCCE RENOVATION & REPAIR KAI MING INC 900 KEARNY STREET SUITE 600 SAN FRANCISCO CA 94133 510137847 501 (C) (3) 30000 CCFF PRE DEVELOPMENT GRANT KIDS ARE PEOPLE TOO CHILD DEVELOPMENT CENTER 4315 NANNIE HELEN BURROUGHS AVE WASHINGTON DC 20019 371525179 20500 DC EQIP GRANT KIDS ARE US LEARNING CENTER INC 800 SOUTHERN AVE SE WASHINGTON DC 20032 521308737 29000 DC EQIP GRANT KLONDIKE SMOKEY CITY CDC INC 943 VOLLINTINE AVENUE MEMPHIS TN 38107 621653535 501 (C) (3) 56225 SPARCC CAPITAL GRANT KU KIDS DEANWOOD 600 H STREET NE 346 WASHINGTON DC 20002 320577198 269000 DC AQCC RECOVERABLE CAPITAL NEW DEVELOPMENT GRANT LENA SEARS CHILD DEVELOPMENT CENTER 3456 PENNSYLVANIA AVE SE WASHINGTON DC 20020 208941562 501 (C) (3) 24500 DC EQIP GRANT LIA'S RAINBOW LLC 4428 ORD ST NE WASHINGTON DC 20019 320370494 13000 DC EQIP GRANT LITTLE ANGELS CHILD CARE CENTER 2214 NAYLOR ROAD SE WASHINGTON DC 20020 824753290 15000 DC EQIP GRANT MANLEY SCIENCE & TECHNOLOGY CENTER 4628 H STREET SE WASHINGTON DC 20019 452842170 19920 DC EQIP GRANT MIDTOWN MOSQUE 1288 JACKSON AVENUE MEMPHIS TN 38107 472944258 501 ( C)(3) 16000 SPARCC CAPITAL GRANT MY SECOND CAMPUS LLC 3900 TUNLAW ROAD NW 413 WASHINGTON DC 20007 264174722 330000 DC EQIP GRANT NATIONAL CHILDREN'S CENTER INC 8757 GEORGIA AVE SUITE 700 SILVER SPRING MD 20910 530260523 501 ( C)(3) 6760 DC AQCCE PRE-DEVELOPMENT GRANT NATION'S CAPITAL CHILD AND FAMILY DEVELOPMENT 2229 M STREET NE WASHINGTON DC 20002 520813736 26000 DC EQIP GRANT OAKLAND COMMUNITY LAND TRUST 101 BROADWAY SUITE 205 OAKLAND CA 94607 320285788 225900 SPARCC CAPITAL GRANT OASIS OF HOPE 8500 WALNUT GROVE ROAD CORDOVA TN 38018 611470925 501 ( C)(3) 12000 SPARCC CAPITAL GRANT OUR CHILDREN FIRST 3547 HERTFORD PL NW WASHINGTON DC 20010 320365238 501 (C) (3) 11800 DC EQIP GRANT RAINBOW CHILD LEARNING CENTER INC 505 57TH STREET NE WASHINGTON DC 20019 473637113 501 (C) (3) 430000 DC AQCCE CAP NEW DEVELOPMENT GRANT SHI YING ZHENG CHILD CARE 253 BRUSSELS ST SAN FRANCISCO CA 94134 460878817 15000 FCC EXPANSION GRANT SOCIAL JUSTICE LEARNING INSTITUTE 600 CENTINELA AVE INGLEWOOD CA 90302 263413373 501 (C) (3) 100000 SPARCC CAPITAL GRANT ST PHILIPS CHILD DEVELOPMENT 2001 14TH ST SE WASHINGTON DC 20020 554813533 501 (C) (3) 20000 DC EQIP GRANT THE CHICAGO COMMUNITY FOUNDATION 225 N MICHIGAN AVE SUITE 2200 CHICAGO IL 60601 363432023 501 (C) (3) 37000 SPARCC CAPITAL GRANT THE CHICAGO COMMUNITY TRUST 225 NORTH MICHIGAN AVENUE SUITE 2200 CHICAGO IL 60601 362167000 501 (C) (3) 430000 SPARCC CAPITAL GRANT THE CRAYON BOX PRESCHOOL 65 OCEAN AVE SAN FRANCISCO CA 94112 454527035 25000 CCFF PRE DEVELOPMENT GRANT THE CROSS CULTURAL FAMILY CENTER 1347 PIERCE STREET SAN FRANCISCO CA 94115 941690098 501 (C) (3) 260000 CCFF PRE DEVELOPMENT GRANT THE DENVER FOUNDATION ATTN DANIEL T LEE 55 MADISON 8TH FLOOR DENVER CO 80206 846048381 501 (C) (3) 45000 SPARCC CAPITAL GRANT THE HAPPY KIDS LEARNING CENTER 3233 PENNSYLVANIA AVE SE WASHINGTON DC 20020 475156921 501 (C) (3) 26000 DC EQIP GRANT THE MARY ELIZABETH HOUSE INC 200 55TH STREET NE WASHINGTON DC 20019 870761142 501 (C) (3) 18300 DC EQIP GRANT THE SAN FRANCISCO FOUNDATION ONE EMBARCADERO CENTER STE 1400 SAN FRANCISCO CA 94111 010679337 501 (C) (3) 460000 BAY AREA SPARCC 2.0/A-1 /CORE - YR1 INITIAL DISB TITI'S HAPPY HEARTS LLC 6427 9TH STREET NW WASHINGTON DC 20012 842819931 15000 DC AQCCE CAP NEW DEVELOPMENT GRANT TODDLERS ON THE HILL 933 5TH STREET SE WASHINGTON DC 20003 460906551 83000 AQCCE SUB-GRANT TOMORROW'S PROMISE CHILD DEVELOPMENT INC 4501 4TH STREET NW WASHINGTON DC 20011 813784832 300000 DC AQCCE DEVELOPMENT UNI KC 2300 MAIN STREET SUITE 180 KANSAS CITY MD 64108 454879810 501 (C) (3) 84664 EQT-UNI KC DISCOUNT UNITED WAY OF THE MID-SOUTH ATTN GREGG SMITH 1005 TILLMAN STREET MEMPHIS TN 38112 561010742 501 (C) (3) 516250 SPARCC GRANT URBAN NEIGHBORHOOD INITIATIVE 2300 MAIN STREET SUITE 180 KANSAS CITY MO 64108 454879810 501 (C) (3) 50000 SUB-GRANT FROM CHASE FOUNDATION TO A PURPOSE BUILT COMMUNITI VEE'S EARLY EDUCATION CENTER 2130 MINNESATA AVE SE WASHINGTON DC 20020 463577374 20500 DC EQIP GRANT WU YEE CHILDREN'S SERVICES 827 BROADWAY STREET 2/F SAN FRANCISCO CA 94133 942387002 501 (C) (3) 117245 CCFF PRE DEVELOPMENT GRANT YOUNG MEN'S CHRISTIAN ASSOCIATION OF SF (YMCA) 50 CALIFORNIA STREET SUITE 650 SAN FRANCISCO CA 94111 940997140 501 (C) (3) 638000 CCFF CAPITAL NEW DEVELOPMENT GRANT 38 28 OPERATING GRANT 2 127000 CHILD CARE CENTER RENOVATION & REPAIR 5 46000 CHILD CARE START-UP GRANT 9 42000 DC AQCCE PRE-DEVELOPMENT SUB-GRANT 10 1079426 DC AQQCCE 1 11650 DC EQIP GRANT 6 107840 DC FCC GRANT 17 42500 FCC COVID CC EMERGENCY GRANT 56 290400 LIIF SUB-CDE LII MISSION KIDS 1 10962 PART I, LINE 2: LIIF RECEIVES SIGNED CONTRACTS FROM GRANTEES PRIOR TO RELEASING GRANT FUNDS. THE CONTRACTS SPELL OUT THE SPECIFIC USE OF FUNDS. LIIF EMPLOYEES FOLLOW UP WITH GRANTEES TO VERIFY PROPER USE OF FUNDS. THE MAJORITY OF OUR GRANTS ARE MADE FROM PASS-THROUGH GRANT FUNDS FOR WHICH LIIF HAS REPORTING OBLIGATIONS BACK TO THE ORIGINAL GRANTOR. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DANIEL NISSENBAUM DIRECTOR AND CEO 479097 0 118750 0 0 0 11200 0 56368 0 665415 0 0 0 KIMBERLY LATIMER-NELLIGAN COO & EVP, CIP 346572 0 188000 0 0 0 11200 0 41815 0 587587 0 0 0 GILES COATES CFO & EVP 224721 0 25000 0 0 0 10002 0 3578 0 263301 0 0 0 PATRICIA GOPAUL EVP & GENERAL COUNSEL 249269 0 55000 0 0 0 11200 0 42995 0 358464 0 0 0 SABRINA BAPTISTE CAO & SENIOR VP 185657 0 40000 0 0 0 9172 0 28835 0 263664 0 0 0 SUSAN HYMAN SENIOR VP 223184 0 48000 0 0 0 11014 0 32398 0 314596 0 0 0 AMY LAUGHLIN VP OF STRUCTURE PRODUCTS & CAPITAL M 208234 0 54450 0 0 0 10526 0 37231 0 310441 0 0 0 LEILA AHMADIFAR VP, WESTERN REGION & NATIONAL MARKET 211660 0 48000 0 0 0 10524 0 20927 0 291111 0 0 0 ROXANNE HUEY VP, FINANCE AND CORPORATE 211992 0 34500 0 0 0 9996 0 61383 0 317871 0 0 0 RACHEL BLUESTEIN SVP, NATIONAL PROGRAM 188533 0 55000 0 0 0 10526 0 43880 0 297939 0 0 0 PART I, LINE 1A LIIF REIMBURSES EMPLOYEES FOR HEALTH CLUB MEMBERSHIPS UP TO A MONTHLY CAP AMOUNT. PART I, LINE 7 DURING THE 2020 CALENDAR YEAR, THE ORGANIZATION PROVIDED INDIVIDUALS LISTED ON FORM 990, PART VII AND SCHEDULE J NON-FIXED PAYMENTS IN THE FORM OF BONUSES. ALL BONUSES ARE DISCRETIONARY, AND ARE BASED ON SEVERAL FACTORS INCLUDING INDIVIDUAL PERFORMANCE, COMPANY GOALS, AND INDIVIDUAL GOALS. AT THE END OF EACH FISCAL YEAR, THE PRESIDENT & CEO AND EXECUTIVE COMMITTEE APPROVE BONUS LIMITS TO BE PAID-OUT. FORM 990, PART I, LINE 6 THE NUMBER OF VOLUNTEERS IS 51. THE ABOVE NUMBER INCLUDES THE LIIF BOARD MEMBERS, NMTC ADVISORY COMMITTEE MEMBERS, THE EASTERN REGION ADVISORY COMMITTEE MEMBERS, THE WESTERN REGION ADVISORY COMMITTEE MEMBERS, AND THE SAN FRANCISCO CHILD CARE FACILITIES FUND PROGRAM ADVISORY COMMITTEE MEMBERS. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION OUR MISSION & VISION: EVERYONE IN THE UNITED STATES SHOULD BENEFIT FROM LIVING IN A COMMUNITY OF OPPORTUNITY, EQUITY AND WELL-BEING. LIIF MOBILIZES CAPITAL AND PARTNERS TO ACHIEVE THIS VISION FOR PEOPLE AND COMMUNITIES. COMMUNITIES OF OPPORTUNITY, EQUITY AND WELL-BEING: WE BELIEVE THAT A COMMUNITY OF OPPORTUNITY, EQUITY AND WELL-BEING PROVIDES ITS RESIDENTS AFFORDABLE HOUSING, HIGH-QUALITY EDUCATIONAL OPPORTUNITIES, THE ABILITY TO LIVE HEALTHY AND ACTIVE LIVES AND GOOD JOBS. THESE COMMUNITIES FOSTER A SENSE OF BELONGING, VALUE CIVIC ENGAGEMENT AND PROMOTE EQUITY AND JUSTICE. LIIF IS HEADQUARTERED IN SAN FRANCISCO, WITH OFFICES IN LOS ANGELES, NEW YORK CITY, ATLANTA, AND WASHINGTON D.C. FORM 990, PART VI, SECTION B, LINE 11B RSM US LLP AND THE LIIF STAFF WORK TOGETHER IN GATHERING THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE TAX RETURNS. THE INITIAL DRAFT RETURNS ARE REVIEWED BY RSM AND THE LIIF FINANCE STAFF; ITEMS ARE DISCUSSED AND REVIEWED, WITH RECOMMENDED CHANGES REFLECTED IN THE RETURNS BEFORE FILING. A COPY OF THE TAX RETURN IS ALSO PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO DISCLOSE IMMEDIATELY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO ANNUALLY COMPLETE CONFLICT OF INTEREST SURVEYS IDENTIFYING POTENTIAL CONFLICTS. THE RESULTS OF THESE SURVEYS ARE COMMUNICATED AMONGST THE ENTIRE BOARD TO ENSURE ALL MEMBERS ARE AWARE OF POTENTIAL CONFLICTS THAT MAY ARISE DURING THE YEAR. MEMBERS OF LOAN COMMITTEES MUST RECUSE THEMSELVES FROM DECISIONS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. IN GENERAL, CONFLICTS OF INTEREST ARE LIMITED TO INDIVIDUAL TRANSACTIONS WHICH LIIF IS CONSIDERING WITH ORGANIZATIONS WITH WHICH A BOARD MEMBER MAY HAVE A RELATIONSHIP. AS A RESULT, IT IS RELATIVELY STRAIGHTFORWARD TO MONITOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEES, AS DEFINED BY IRS REGULATIONS AND INCLUDING THE CEO, ARE INCLUDED IN ANNUAL COMPENSATION REVIEW AND APPROVAL. AN OUTSIDE INDEPENDENT CONSULTANT CONDUCTS A REVIEW OF COMPARABLE DATA DRAWN FROM VARIOUS SOURCES INCLUDING INDUSTRY DATA AND COMPENSATION REPORTED BY SIMILAR ORGANIZATIONS, INCLUDING REVIEW OF FORM 990 FILINGS. THESE SUMMARIES ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (COMPRISED OF INDEPENDENT DIRECTORS) WHICH IS RESPONSIBLE FOR REVIEWING COMPENSATION AND RECOMMENDING ADJUSTMENTS TO THE BOARD OF DIRECTORS WHO APPROVE THE ADJUSTMENTS. DELIBERATIONS AND DECISIONS ARE SUBSTANTIATED. FORM 990, PART VI, SECTION C, LINE 19 LIIF MAKES AVAILABLE TO THE PUBLIC ITS FINANCIAL STATEMENTS IN SUMMARY FORM THROUGH ITS ANNUAL REPORT, WHICH IS DISSEMINATED WIDELY AND AVAILABLE TO OTHERS UPON REQUEST. LIIF'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON IT'S WEBSITE. THE ORGANIZATION'S BY-LAWS, FORM 990 FILING, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. 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