2020-06-29T14:51:36-05:00 2019-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32 FL NEW YORK NY 10005 990 2018-07-01 260003950 LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE LIVI 6464422200 1040 AVENUE OF THE AMERICAS NO 17 F NEW YORK NY 10018 BEN HECHT PRESIDENT & CEO 6464422200 2020-06-29 1 FREDERICK E DAVIS JR P00446023 2127094500 71.105.177.100 2020-06-29 14:29:52 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 63F89715E85B555286EE203B233E5D261317E111 2018 2021-01-29 14:40:06Z BEN HECHT 1040 AVENUE OF THE AMERICAS NO 17 F NEW YORK NY 10018 11349222 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. 18 18 54 0 0 0 1809243 10337789 548578 897524 56579 81936 88627 31973 2503027 11349222 2225226 3126850 0 0 5759543 6272151 0 0 379967 6373496 6047235 14358265 15446236 -11855238 -4097014 51737225 46675708 31448814 30204816 20288411 16470892 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 3353317 254000 KNOWLEDGE & INFLUENCE - WORK IN THIS AREA INCLUDES THE ORGANIZATIONAL EVALUATION OF LIVING CITIES AS WELL AS INITIATIVES TO FOSTER THE SPREAD OF EXPERIMENTATION AND ADOPTION OF PROMISING APPROACHES BY ADOPTING AN OPEN SOURCED AND NETWORKED APPROACH TO SHARE KNOWLEDGE. LIVING CITIES WORKS CLOSELY WITH NETWORKS OF PRACTITIONERS TO RAPIDLY PROTOTYPE AND SHARE WHAT IS BEING LEARNED IN REAL-TIME WITH THE BROADER SOCIAL CHANGE FIELD. 1994415 485000 CITY ACCELERATOR COHORTS - THE CITY ACCELERATOR, AN INITIATIVE OF THE CITI FOUNDATION AND LIVING CITIES, WORKS WITHIN AND ACROSS CITIES TO ADVANCE AND PROMOTE THE SPREAD OF PROMISING INNOVATIONS THAT WILL HAVE A SIGNIFICANT IMPACT IN THE LIVES OF RESIDENTS. SINCE 2014, THE CITY ACCELERATOR HAS SELECTED 21 U.S. CITIES TO PILOT INNOVATIVE EFFORTS THAT GENERATE ECONOMIC OPPORTUNITIES FOR LOW-INCOME POPULATIONS AND HELP MUNICIPALITIES RUN MORE EFFECTIVELY. PARTICIPATING CITIES ALSO BENEFIT FROM ONGOING INTERACTION WITH LEADING PRACTITIONERS FROM AROUND THE COUNTRY AND SHARE LESSONS LEARNED TO HELP OTHER CITIES ADVANCE SIMILAR WORK. CITY ACCELERATOR IS A $7.395 MILLION (COMBINED SIX YEARS) INITIATIVE LED BY LIVING CITIES AND SUPPORTED BY THE CITI FOUNDATION TO ADVANCE INNOVATION IN LOCAL GOVERNMENT. IN A PERIOD OF POLARIZED NATIONAL POLITICS, CITIZENS ARE LOOKING TO CITY GOVERNMENTS TO SOLVE CHALLENGES. THE CHALLENGES CITIES FACE ARE COMPLEX, SO IT TAKES INPUT FROM DIFFERENT SECTORS, DEPARTMENTS AND COMMUNITIES TO DEVELOP INNOVATIVE SOLUTIONS. CITY ACCELERATOR BROUGHT CITIES TOGETHER TO PILOT NEW IDEAS, DISCARD WHAT FAILS AND SCALE WHAT WORKS. CITIES BROKE DOWN BARRIERS BETWEEN DIFFERENT DEPARTMENTS AND AGENCIES OF GOVERNMENT TO CREATE NEW PARTNERSHIPS THAT SCALED INNOVATION.CITY GOVERNMENTS ENGAGED DIRECTLY WITH LOCAL COMMUNITIES TO UNDERSTAND HOW TO DELIVER SERVICES IN A MORE EFFICIENT AND EFFECTIVE WAY. CITIES CREATED A CULTURE OF INNOVATION BY ENCOURAGING PEOPLE AT ALL LEVELS OF CITY GOVERNMENT TO DEVELOP, CREATE AND IMPLEMENT IDEAS THAT BREAK THE STATUS QUO. CITY ACCELERATOR CAN SERVE AS A MODEL TO SCALE LOCAL GOVERNMENT INNOVATION TO CITIES ACROSS THE U.S. 1914657 50000 PRIVATE SECTOR INNOVATION - BY WORKING WITH PUBLIC SECTOR LEADERS TO FOSTER MORE NIMBLE, COLLABORATIVE, AND DATA-DRIVEN LOCAL GOVERNMENTS, LIVING CITIES SEEKS TO CHANGE THE CONVERSATION ABOUT CITIES BY PROMOTING THE ASSETS AND POTENTIAL OF URBAN NEIGHBORHOODS AND THEIR RESIDENTS. 5028201 2337850 509131 5028201 2337850 509131 12290590 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 1 1 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 60 0 1 54 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 DC NY X ESTHER MENSAH-SULLIVAN 6464422222 1730 M STREET NW SUITE 400 WASHINGTON DC 20036 BEN HECHT PRESIDENT & CEO 40.00 X X 468694 0 50759 PATRICK MCCARTHY BOARD MEMBER 2.00 X 0 0 0 ANDREW PLEPLER BOARD MEMBER 2.00 X 0 0 0 BRANDEE MCHALE BOARD MEMBER 5.00 X X 0 0 0 XAVIER DESOUZA BRIGGS BOARD MEMBER 2.00 X 0 0 0 JILL NISHI BOARD MEMBER 2.00 X 0 0 0 BARBARA PICOWER BOARD MEMBER 2.00 X 0 0 0 RIP RAPSON BOARD MEMBER 5.00 X X 0 0 0 CRAIG HOWARD BOARD MEMBER 2.00 X 0 0 0 LEE SHEEHY BOARD MEMBER SINCE 9/2017 2.00 X 0 0 0 DENNIS WHITE BOARD MEMBER 2.00 X 0 0 0 LATA REDDY BOARD MEMBER 2.00 X 0 0 0 RICHARD BESSER BOARD MEMBER 2.00 X 0 0 0 RYAN WHALEN BOARD MEMBER 2.00 X 0 0 0 PHILLIP HENDERSON BOARD MEMBER 2.00 X 0 0 0 JOE SCANTLEBURY BOARD MEMBER 2.00 X 0 0 0 JIM BAEK BOARD MEMBER 2.00 X 0 0 0 MIKE RIZER BOARD MEMBER 2.00 X 0 0 0 JOAN TALLY BOARD MEMBER 2.00 X 0 0 0 ELODIE BAQUEROT CHIEF OPERATING OFFICER 40.00 X 253989 0 37481 JULIE BOSLAND ASSOC DIR, PUBLIC SECTOR I 40.00 X 160988 0 28852 DEMETRIC DUCKETT ASSOC DIR, CAPITAL INNOVAT 40.00 X 179965 0 22617 STEVEN BOSACKER DIRECTOR, PUBLIC SECTOR IN 40.00 X 200907 0 45636 JANAY QUEEN NAZAIRE DIRECTOR, THE INTEGRATION 40.00 X 189163 0 37032 MATHEW SMITH DIRECTOR, OPERATIONS & FIN 40.00 X 178438 0 19869 ESTHER MENSAH-SULLIVAN CONTROLLER 40.00 X 129897 0 19003 ELIZABETH REYNOSO ASSOC DIR, PUBLIC SECTOR I 40.00 X 166073 0 5623 ELLEN WARD CHIEF OF STAFF 40.00 X 159344 0 30433 BRINDA GANGULY MAN. DIR-CATALYST LOAN FUN 40.00 X 207892 0 30638 NADIA OWUSU ASSOC DIR-FOR LEARNING & E 40.00 X 172971 0 21724 2468321 0 349667 12 0 1 0 SLALOM LLC PO BOX 1017416 PASADENA CA 91189 CONSULTING SERVICES 308339 1040 AVENUE OF THE AMERICAS LLC PO BOX 765 SHORT HILLS NJ 07078 RENT 238190 2 10337789 10337789 LOAN FEES AND INTEREST 900099 897524 897524 897524 81936 81936 MISCELLANEOUS 900099 31973 31973 31973 11349222 0 0 1011433 2738255 2738255 388595 388595 2468321 1485693 833097 149531 2626127 1580677 886359 159091 318808 191892 107603 19313 549580 330794 185492 33294 309315 186178 104399 18738 3349195 3041330 307865 129181 116107 13074 70800 58860 11940 31618 26286 5332 134067 111458 22609 157808 131195 26613 502380 417658 84722 477187 388047 89140 525763 452558 73205 443288 443288 77840 64713 13127 30804 25609 5195 LOAN LOSS RESERVE EXPEN 81911 81911 OTHER EXPENSE 35393 29486 5907 15446236 12290590 2775679 379967 15414410 11283165 2392465 1952868 7111695 5474902 98390 57240 900835 670419 297424 230416 5589212 6116009 20737925 21479641 95704 81467 51737225 46675708 573243 562708 915178 708581 29718991 28336304 241402 597223 31448814 30204816 X 11429353 9583867 8859058 6887025 20288411 16470892 51737225 46675708 -4097014 279495 0 X 0 0 0 X 6611829 11118733 28128179 1809243 10337789 58005773 6611829 11118733 28128179 1809243 10337789 58005773 37511500 20494273 22751 28827 28168 56579 470328 606653 2320 7367 4711 88627 31973 134998 58747424 0.34890 0.35370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249114 141470 107644 651721 528949 122772 230416 NOTES AND LOANS RECEIVABLE 19346503 F 4.0% SOCIAL FINANCE LLC 254500 C 2.0% IMPACT VENTURES III LP 590821 C 2.5% URBAN INNOVATION FD I LP 400000 C 5.2% MA PATHWAYS TO ECON ADV 650000 C DOMESTIC SMALL CAP PFS FUND I, LP 237817 C 21479641 DEFERRED RENT 208628 REFUNDABLE ADVANCE 388595 597223 X 11628717 279495 279495 11349222 0 11349222 15446236 0 15446236 0 15446236 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 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 388595 0 0 0 0 0 0 388595 0 388595 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL SUPPORT 388595 ELECTRONIC 0 0 0 0 0 0 PART I, LINE 2: ALL ACTIVITIES REPORTED ON SCHEDULE F, PART I & PART II ARE REPORTED USING THE ACRUAL METHOD SCHEDULE F, PART I PROCEDURE FOR MONITORING USE OF FUNDS: PROGRAM MILESTONES, PERIODIC REPORTS AND FINANCIAL REPORTS ARE REQUIRED OF EACH GRANTEE. 0 ASSOCIATION OF GREATER BALTIMORE AREA GRANTMAKERS 2 E READ ST 2ND FLR BALTIMORE NY 21202 521326863 501(C)(3) 50000 SEE PART IV NEWARK COMMUNITY ECONOMIC DEVELOPMENT CORPORATION 260829057 501(C)(3) 100000 SEE PART IV THE SAN FRANCISCO FOUNDATION ONE EMBARCADERO CT SAN FRANCISCO CA 94111 271067272 501(C)(3) 210000 SEE PART IV CITY OF ROCHESTER CITY OF ROCHESTER 100000 SEE PART IV CITY OF EL PASO CITY OF EL PASO 100000 SEE PART IV CITY OF LONG BEACH CITY OF LONG BEACH 100000 SEE PART IV NUSENDA CREDIT UNION FOUNDATION 471284916 501(C)(3) 210000 SEE PART IV CAMPAIGN FOR BLACK MALE ACHIEVEMENT 570 LEXINGTON AVE 5TH FL NEW YORK NY 10022 472532282 501(C)(3) 14000 SEE PART IV FEDERAL CITY COUNCIL 530219643 6000 SEE PART IV ATLANTA DEVELOPMENT AUTHORITY 582322663 100000 SEE PART IV METRO SOURCE LLC 721432069 75000 SEE PART IV FRONTLINE ACTIVIST - NATHAN CUMMINGS FDN GRANT RECEIPT 273450837 100000 SEE PART IV THE URBAN INSTITUTE 520880375 120000 SEE PART IV CENTER FOR ECONOMIC INCLUSION 1015 4TH AVE N STE 202 MINNEAPOLIS MN 55405 823563111 501(C)(3) 160000 SEE PART IV NEWARK ALLICANCE 223664305 10000 SEE PART IV ALBUQUERQUE COMMUNITY FOUNDATION 850295444 501(C)(3) 75000 SEE PART IV FRONTLINE SOLUTIONS - WK KELLOGG FOUNDATION PASS-THRU 273450837 276250 SEE PART IV 42PHI VENTURES 75000 SEE PART IV KING COUNTY DEPARTMENT OF COMMUNITY & HS 10000 SEE PART IV NEW ORLEANS BUSINESS ALLIANCE 60000 SEE PART IV CF-LEADS 431645180 150000 SEE PART IV TRANSFORM 5000 SEE PART IV IMPACT AMERICA 471675553 501(C)(3) 125000 SEE PART IV OPPORTUNITY HUB 15000 SEE PART IV CAPITAL IMPACT PARTNERS 521290127 25000 SEE PART IV INTERNATIONAL CITYCOUNTY MANAGEMENT ASSOCIATION 362167755 50000 SEE PART IV BORROWERS 702005 SEE PART IV CAPITAL IMPACT PARTNERS RETURN OF FUNDS 521290127 -250000 SEE PART IV CODE OF AMERICA -15000 SEE PART IV SAY YES BUFFALO -20000 SEE PART IV PART I DESCRIPTION OF PROCEDURE FOR MONITORING USE OF FUNDS: PROGRAM MILESTONES, PERIODIC REPORTS AND FINANCIAL REPORTS ARE REQUIRED OF EACH GRANTEE. PART II PURPOSE OF GRANT OR ASSISTANCE: PAGE 1: (1)SUPPORT OF WORK RELATED TO CREATE COHORT TII (2)SUPPORT WORK RELATED TO CITY ACCELERATOR'S JOB GROWTH COHORT (3)SUPPORT OF WORK RELATED TO CREATE COHORT TII (4)SUPPORT WORK RELATED TO CITY ACCELERATOR'S JOB GROWTH COHORT (5)SUPPORT WORK RELATED TO CITY ACCELERATOR'S JOB GROWTH COHORT (6)SUPPORT WORK RELATED TO CITY ACCELERATOR'S JOB GROWTH COHORT PAGE 2 (7)SUPPORT OF WORK RELATED TO CREATE COHORT TII (8)SPONSORSHIP (9)SUPPORT A TEAM OF STAKEHOLDERS LED BY FEDERAL CITY COUNCIL IN STRUCTURING A FINANCIAL PRODUCT TO PILOT THE DEVELOPMENT OF AFFORDABLE DWELLING UNITS (10)SUPPORT CITY ACCELERATOR COHORT 5 (11)SUPPORT SU3 WORK IN ALBUQUERQUE (12)SUPPORT FISCAL SPONSORSHIP-FRONTLINE SOLUTIONS (13)COMPLETE RESEARCH ON RACIAL HOMEOWNERSHIP GAPS (14)SUPPORT OF WORK RELATED TO CREATE COHORT TII (15)SUPPORT OF WORK RELATED TO CREATE COHORT TII PAGE 3: (16)SUPPORT SU3 WORK IN ALBUQUERQUE (17)SUPPORT FISCAL SPONSORSHIP-FRONTLINE SOLUTIONS. (18)SUPPORT SU3 WORK IN SAN FRANCISCO (19)SUPPORT ADVANCING CITIES CHALLENGE (20)SUPPORT OF WORK RELATED TO CREATE COHORT TII (21)GENERAL OPERATING SUPPORT (22)CHAMPION-LEVEL SPONSOR FOR THE TRANSFORM (23)GENERAL OPERATING SUPPORT (24)HBCU @SXSW SUPPORTING PARTNERSHIP PAGE 4: (25)GENERAL OPERATING SUPPORT (26)FOR THE DEVELOPMENT OF A PROTOTYPE TRAINING CURRICULUM (27)INHERENT CONTRIBUTION ON BELOW MARKET RATE LOANS (28)RETURN OF UN-SPENT SUB-AWARD IN SUPPORT OF WCIF (29)SUBAWARD REVERSAL DUE TO UNMET PROJECT DELIVERABLES (30)SUBAWARD EXPENSE CORRECTION X X 0 0 0 0 0 0 0 0 0 BEN HECHT PRESIDENT & CEO 425694 0 43000 0 0 0 49315 0 1444 0 519453 0 0 0 ELODIE BAQUEROT CHIEF OPERATING OFFICER 233989 0 20000 0 0 0 34660 0 2821 0 291470 0 0 0 JULIE BOSLAND ASSOC DIR, PUBLIC SECTOR I 158988 0 2000 0 0 0 26250 0 2602 0 189840 0 0 0 DEMETRIC DUCKETT ASSOC DIR, CAPITAL INNOVAT 177965 0 2000 0 0 0 19949 0 2668 0 202582 0 0 0 STEVEN BOSACKER DIRECTOR, PUBLIC SECTOR IN 200907 0 0 0 0 0 42965 0 2671 0 246543 0 0 0 JANAY QUEEN NAZAIRE DIRECTOR, THE INTEGRATION 184163 0 5000 0 0 0 34348 0 2684 0 226195 0 0 0 MATHEW SMITH DIRECTOR, OPERATIONS & FIN 173438 0 5000 0 0 0 17255 0 2614 0 198307 0 0 0 ELIZABETH REYNOSO ASSOC DIR, PUBLIC SECTOR I 164073 0 2000 0 0 0 3128 0 2495 0 171696 0 0 0 ELLEN WARD CHIEF OF STAFF 157344 0 2000 0 0 0 27978 0 2455 0 189777 0 0 0 BRINDA GANGULY MAN. DIR-CATALYST LOAN FUN 202892 0 5000 0 0 0 27896 0 2742 0 238530 0 0 0 NADIA OWUSU ASSOC DIR-FOR LEARNING & E 170971 0 2000 0 0 0 19225 0 2499 0 194695 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 CFO, AND IS REVIEWED BY THE ORGANIZATION'S CEO AND THE CFO AND THE AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES MUST SIGN A CONFLICT OF INTERST 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. LIVING CITIES CATALYST FUND LLC 1040 AVENUE OF THE AMERICAS NEW YORK NY 10018 262987680 PRI LENDER DE 25410825 LCI LIVING CITIES BLENDED CATALYST FUND LLC 1040 AVENUE OF THE AMERICAS NEW YORK NY 10018 300889697 PRI LENDER DE LCI