2019-05-15T16:56:39-05:00 2018-06-30 132781641 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2017-07-01 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 2019-05-15 1 FREDERICK E DAVIS JR P00446023 2127094500 207.86.186.154 2019-05-15 16:50:38 ED P 7F1DFDCF091E22B21AB8D1D80F85041128AB9606 7F1DFDCF091E22B21AB8D1D80F85041128AB9606 2017 2019-02-21 02:37:17Z BEN HECHT 1040 AVENUE OF THE AMERICAS NO 17 F NEW YORK NY 10018 2503027 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 18 0 5422 28128179 1809243 602383 548578 -226332 56579 4711 88627 28508941 2503027 3400920 2225226 0 0 4497266 5759543 0 0 233532 6456242 6373496 14354428 14358265 14154513 -11855238 66211748 51737225 33301649 31448814 32910099 20288411 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 3293293 PUBLIC 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. 1969296 770000 THE INTEGRATION INITIATIVE - DEMONSTRATES A NEW APPROACH TO BOTH PHILANTROPHY AND SYSTEMIC CHANGE. IT PROVIDES FINANCIAL PACKAGES THAT INCLUDE GRANTS, LOANS AND PROGRAM-RELATED INVESTMENTS (PRIS) TO TARGRTED AREAS, WHERE THE PUBLIC, PRIVATE, PHILANTROPIC AND NON-PROFIT SECTORS HAVE AGREED TO WORK AS PAERTNERS TO ADDRESS A VARIETY OF ISSUES, INCLUDING ACCESS TO EDUCATION, HOUSING, HEALTH CARE, TRANSIT AND JOBS FOR THEIR LOW-INCOME RESIDENTS. 1686478 KNOWLEDGE AND IMPACT - 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. 3609799 1455226 548578 3609799 1455226 548578 10558866 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 52 0 1 54 1 1 1 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 465761 0 27204 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 217077 0 40623 JULIE BOSLAND ASSOC DIR, PUBLIC SECTOR INNOVATION 40.00 X 150042 0 6181 DEMETRIC DUCKETT ASSOC DIR, CAPITAL INNOVATION 40.00 X 167568 0 15236 STEVEN BOSACKER DIRECTOR, PUBLIC SECTOR INNOVATION 40.00 X 203548 0 30586 TYNESIA BOYEA-ROBINSON CHIEF OF PROGRAMS 40.00 X 205428 0 12141 JANAY QUEEN NAZAIRE DIRECTOR, THE INTEGRATION INITIATIVE 40.00 X 160401 0 27248 MATHEW SMITH DIRECTOR, OPERATIONS & FINANCE 40.00 X 180559 0 18605 1750384 0 177824 14 0 1 0 1040 AVENUE OF THE AMERICAS LLC PO BOX 765 SHORT HILLS NJ 07078 RENT 237113 NEXT STREET FINANCIAL 184 DUDLEY ST SUITE 200 ROXBURY MA 02119 CONSULTING SERVICES 225000 RTI INTERNATIONAL PO BOX 900002 RALEIGH NC 27675 CONSULTING SERVICES 162728 GLOBAL GATEWAY ADVISORS 81 PROSPECT STREET BROOKLYN NY 11201 CONSULTING SERVICES 149834 4 1809243 1809243 LOAN FEES AND INTEREST 900099 548578 548578 548578 56579 56579 MISCELLANEOUS 900099 88627 88627 88627 2503027 548578 0 145206 2166300 2166300 58926 58926 2128184 1922110 206074 2697458 2584844 112614 226913 226913 401136 373678 27458 305852 182811 123041 3461161 3089064 372097 75793 57836 17957 55060 55060 81916 63760 18156 12808 12808 161482 20491 140991 208436 2689 205747 513364 513364 660899 494469 166430 313345 219078 94267 443135 443135 81934 81934 37057 37057 LOAN LOSS RESERVE EXPEN 241063 241063 BAD DEBT 23335 23335 OTHER EXPENSE 2708 2211 497 INDIRECT COST ALLOCATIO 0 522368 -522368 14358265 10558866 3565867 233532 18984959 15414410 1414674 2392465 17593917 7111695 163036 98390 890004 592580 324149 297424 5479986 5589212 22155323 20737925 95704 95704 66211748 51737225 372109 573243 1572887 915178 30992886 29718991 363767 241402 33301649 31448814 X 12542501 11429353 20367598 8859058 32910099 20288411 66211748 51737225 -11855238 -16450 -750000 0 X 0 1 X 1 0 X 26713121 6611829 11118733 28128179 1809243 74381105 26713121 6611829 11118733 28128179 1809243 74381105 47973981 26407124 34548 22751 28827 28168 56579 170873 2609 2320 7367 4711 88627 105634 74657612 0.35370 0.36320 X 249114 99504 149610 640890 493076 147814 297424 NOTES AND LOANS RECEIVABLE 19006845 F 4.0% SOCIAL FINANCE LLC 254500 C 2.0% IMPACT VENTURES III LP 750373 C 2.5% URBAN INNOVATION FD I LP 275000 C 5.2% MA PATHWAYS TO ECON ADV 357822 C DOMESTIC SMALL CAP PFS FUND I, LP 93385 C 20737925 DEFERRED RENT 241402 241402 X 2486577 -16450 -16450 2503027 0 2503027 14358265 0 14358265 0 14358265 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. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 58926 0 0 0 0 0 0 58926 0 58926 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 58926 ELECTRONIC 1 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) 120000 SEE PART IV THE MINNEAPOLIS FOUNDATION 416029402 501(C)(3) 200000 SEE PART IV THE SAN FRANCISCO FOUNDATION ONE EMBARCADERO CT SAN FRANCISCO CA 94111 010679337 501(C)(3) 250000 SEE PART IV CITY OF CHICAGO CITY OF CHICAGO 50000 SEE PART IV CITY OF MEMPHIS CITY OF MEMPHIS 100000 SEE PART IV CITY OF MILWAUKEE CITY OF MILWAUKEE 100000 SEE PART IV CHICAGO ANCHORS FOR A STRONG ECONOMY (CASE) - BEHALF OF THE CITY OF CHICAGO 364313685 50000 SEE PART IV CITY OF CHARLOTTE CITY OF CHARLOTTE 100000 SEE PART IV MAYOR'S FUND FOR LOS ANGELES 471084641 100000 SEE PART IV BOSTON COMMUNITY CAPITAL 043246555 200000 SEE PART IV NEW MEXICO EDUCATORS FEDERAL CREDIT UNION FOUNDATION 471284916 50000 SEE PART IV FRONTLINE ACTIVIST - NATHAN CUMMINGS FDN GRANT RECEIPT 273450837 100000 SEE PART IV THE URBAN INSTITUTE 520880375 33000 SEE PART IV CODE FOR AMERICA 271067272 30000 SEE PART IV NEW MEXICO EDUCATORS FEDERAL CREDIT UNION FOUNDATION 471284916 200000 SEE PART IV LOW INCOME INVESTMENT FUND DONATION FOR NANCY O ANDREWS 942952578 5000 SEE PART IV FRONTLINE SOLUTIONS - WK KELLOGG FOUNDATION PASS-THRU 273450837 284300 SEE PART IV FRONTLINE SOLUTIONS - RISE FOR BOYS & MEN OF COLOR PASS-THRU 273450837 75000 SEE PART IV THE URBAN INSTITUTE - GRANT INCREASE 520880375 6000 SEE PART IV ROBERT WOOD JOHNSON FOUNDATION 226029397 5000 SEE PART IV CONSCIENCE COMMUNITY NETWORK 900952780 100000 SEE PART IV INDEPENDENT SECTOR 521081024 8000 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 OF WORK RELATED TO CREATE COHORT TII (3)SUPPORT OF WORK RELATED TO CREATE COHORT TII (4)SUPPORT OF WORK RELATED TO THE CITY ACCELERATOR'S COHORT 4. (5)SUPPORT OF WORK RELATED TO THE CITY ACCELERATOR'S COHORT 4. (6)SUPPORT OF WORK RELATED TO THE CITY ACCELERATOR'S COHORT 4. PAGE 2 (7)SUPPORT OF WORK RELATED TO THE CITY ACCELERATOR'S COHORT 4. (8)SUPPORT OF WORK RELATED TO THE CITY ACCELERATOR'S COHORT 4. (9)SUPPORT OF WORK RELATED TO THE CITY ACCELERATOR'S COHORT 4. (10)SUPPORT OF WORK RELATED TO THE CREATE COHORT (TII SITES). (11)SUPPORT OF WORK RELATED TO THE CREATE COHORT (TII SITES). (12)SUPPORT FISCAL SPONSORSHIP-FRONTLINE SOLUTIONS (13)SUPPORT CIVIC TECH AND DATA COLLABORATIVE FOR THE BENEFIT OF LOW-INCOME PEOPLE. (14)SUPPORT CIVIC TECH AND DATA COLLABORATIVE FOR THE BENEFIT OF LOW-INCOME PEOPLE. (15)SUPPORT ACCELERATE IMPROVEMENT OF THE WELL-BEING OF ALBUQUERQUE'S LOW-INCOME COMMUNITIES. PAGE 3: (16)CONTRIBUTION TO NANCY O. ANDREW'S LEGACY EVENT. (17)SUPPORT FISCAL SPONSORSHIP-FRONTLINE SOLUTIONS. (18)SUPPORT FISCAL SPONSORSHIP-FRONTLINE SOLUTIONS. (19)SUPPORT CIVIC TECH AND DATA COLLABORATIVE FOR THE BENEFIT OF LOW-INCOME PEOPLE. (20)CONTRIBUTION TO THE JENNIFER RIODAN MEMORIAL TRUST. (21)CONTRIBUTION FOR LOAN FORGIVENESS (22)MEMBERSHIP FEE TO JOIN PHILANTHROPIC SUPPORT ORGANIZATION X X 0 0 0 0 0 0 0 0 0 BEN HECHT PRESIDENT & CEO 405761 0 60000 0 0 0 26220 0 984 0 492965 0 0 0 ELODIE BAQUEROT CHIEF OPERATING OFFICER 209577 0 7500 0 0 0 21606 0 19017 0 257700 0 0 0 JULIE BOSLAND ASSOC DIR, PUBLIC SECTOR INNOVATION 148542 0 1500 0 0 0 5167 0 1014 0 156223 0 0 0 DEMETRIC DUCKETT ASSOC DIR, CAPITAL INNOVATION 165568 0 2000 0 0 0 6958 0 8278 0 182804 0 0 0 STEVEN BOSACKER DIRECTOR, PUBLIC SECTOR INNOVATION 198548 0 5000 0 0 0 20067 0 10519 0 234134 0 0 0 TYNESIA BOYEA-ROBINSON CHIEF OF PROGRAMS 53935 0 0 0 151493 0 5967 0 6174 0 217569 0 0 0 JANAY QUEEN NAZAIRE DIRECTOR, THE INTEGRATION INITIATIVE 157901 0 2500 0 0 0 16425 0 10823 0 187649 0 0 0 MATHEW SMITH DIRECTOR, OPERATIONS & FINANCE 175559 0 5000 0 0 0 7192 0 11413 0 199164 0 0 0 FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: RACE AND US CITIES- THE RACE AND US CITIES INITIATIVE REFERS TO LIVING CITIES' COMMITMENT TO ACCELERATING PROGRESS ON ISSUES OF RACIAL EQUITY AND INCLUSION AT THE SYSTEMS LEVEL. EXPENSES $1,132,447. INCLUDING GRANTS OF $ REVENUE $ CAPITAL INNOVATION - THE FOCUS OF WORK IN THIS PROGRAM AREA IS TO BLEND PUBLIC, PRIVATE AND PHILANTROPIC FINANCIAL RESOURCES IN NEW WAYS TO BETTER MEET THE NEEDS OF CITIES AND TO IMPROVE THE LIVES OF LOW INCOME PEOPLE. EXPENSES $756,719. INCLUDING GRANTS OF $ REVENUE $ FRONTLINE ACTIVEST - THROUGH THE FRONTLINE ACTIVEST PROGRAM, LIVING CITIES IS WORKING WITH LOCAL GOVERNMENTS TO ENSURE THAT FINANCIAL INSTRUMENTS ISSUED BY THE LOCAL GOVERNMENT, PARTICULARLY MUNICIPAL BONDS, ARE BACKED BY REPUTABLE PROGRAMS WHOSE BUDGETS ARE NOT DERIVED FROM UNJUST CITY PRACTICES, THE PROGRAM SEEKS TO BRING THESE ABUSES TO LIGHT AND LEVERAGE THE ENORMOUS POWER OF THE CAPITAL MARKETS TO ACCELAERATE CRIMINAL JUSTICE ACCOUNTABILITY AND REFORM IN U.S. CITIES. EXPENSES $507,500 INCLUDING GRANTS OF $ REVENUE $ FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: CIVIC TECHNOLOGY - LIVING CITIES IS EXPLORING WAYS TO MARRY INNOVATIONS IN DATA AND TECHNOLOGY WITH SYSTEM CHANGE EFFORTS. SMART CITIES TECHNOLOGIES, OPEN DATA, PREDICTIVE ANALYTICS AND APPS FOR CIVIC ENGAGEMENT HAVE PROLIFERATED IN RECENT YEARS, GIVING CITIES NEW AND POWERFUL TOOLS TO SOLVE TOUGH PROBLEMS. EXPENSES - $220,097 INCLUDING GRANTS OF $ REVENUE $ BEYOND JOBS - THE MISSION OF BEYOND JOBS IS TO EDUCATE WORKFORCE BODIES ACROSS THE UNITED STATES ABOUT THE POSSIBILITIES AND CHALLENGES OF LAUNCHING A PUBLIC MARKET FOR IRREGULAR WORK. THE PUBLIC MARKET FOR IRREGULAR WORK AIMS TO ENSURE MAXIMUM OPPORTUNITIES FOR IRREGULAR WORKERS AND EFFICIENCY FOR THE EMPLOYERS. EXPENSES $58,926. INCLUDING GRANTS OF $58,926. REVENUE $0. INCLUSIVE ECONOMIC GROWTH EXPENSES $117,854 INCLUDING GRANTS OF $ REVENUE $0 START-UP, STAY-UP, AND SCALE-UP - THE MISSION OF THE PROGRAM IS TO BREAK DOWN BARRIERS TO CAPITAL, STRENGTHEN POLICY ENVIRONMENTS, AND EXPAND NETWORKS AND TECHNICAL ASSISTANCE NECESSARY FOR BUSINESSES OWNED BY PEOPLE OF COLOR TO THRIVE. THE PROGRAM ALSO HOPES TO BUILD EVIDENCE ABOUT SYSTEM-LEVEL CHANGES NECESSARY TO SUPPORT ENTREPRENEURS OF COLOR. EXPENSES $209,493 INCLUDING GRANTS OF $ REVENUE $0 FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: ADMIRAL CENTER - THE MISSION OF THE ADMIRAL CENTER IS TO HELP CELEBRITIES USE THEIR RESOURCES AND INFLUENCE TO DEVELOP SUSTAINABLE AND IMPACTFUL SOLUTIONS TO IMPROVE THE LIVES OF LOW-INCOME PEOPLE IN AMERICA. SINCE ITS FOUNDING IN 2008, THE ADMIRAL CENTER HAS LEVERAGED THE EXPERTISE OF LIVING CITIES AND ITS MEMBER TO IMPROVE THE EFFECTIVENESS OF CELEBRITY AND ACCELERATE SOCIAL CHANGE. EXPENSES $49,532 INCLUDING GRANTS OF $ REVENUE $ 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 100000 28100668 LCI LIVING CITIES BLENDED CATALYST FUND LLC 1040 AVENUE OF THE AMERICAS NEW YORK NY 10018 300889697 PRI LENDER DE 120000 46000000 LCI