2017-05-12T15:22:15-05:00 2016-06-30 BDO USA LLP 8401 GREENSBORO DRIVE SUITE 800 MCLEAN VA 22102 990 2015-07-01 260003950 LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE % MATT SMITH DIR OF FIN & ADM LIVI 6464422200 1040 Avenue of the Americas 17 FL New York NY 10018 BEN HECHT President & CEO 6464422200 2017-05-10 true Joyce Underwood P00022361 7038930600 2015 2021-01-29 14:40:06Z BEN HECHT 1040 Ave of the Americas 17TH New York NY 10018 12801902 false 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. 20 19 52 20 0 6611829 11118733 439615 506751 25279 28828 2320 7367 7079043 11661679 2449000 3243755 0 0 3723162 3938423 0 0 121173 5046008 5122395 11218170 12304573 -4139127 -642894 51498276 45800626 32124359 27028070 19373917 18772556 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. false false 2057556 160000 Capital Innovation - The focus of work in this program area is to blend public, private, and philanthropic financial resources in new ways to better meet the needs of cities and to improve the lives of low-income people. 1177763 1508636 Collective Impact refers to Living Cities work to create ambitious, data-driven, results-oriented partnerships committed to solving complex social and economic problems in cities. 2211929 825119 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. 4141167 750000 506751 9588415 true true false false false false false false false false true false true false true true true true false false false false false false false false false true false true false false false false false false false false false false false false true false false false false true 50 0 true 52 true false false false false false false false false false false X 20 19 false false false false false true false true true false false true true true true true false true true false DC NY X MATT SMITH DIR OF FIN ADM 6464422211 1040 AVENUE OF THE AMERICAS 17 FL NEW YORK NY 10018 Dennis White Board Chairman 5.0 0.0 X X 0 0 0 Rip Rapson Board Vice-Chairman 5.0 0.0 X X 0 0 0 Jill Nishi Board Treasurer 2.0 0.0 X X 0 0 0 Ben Hecht President and CEO 40.0 0.0 X X 405016 0 25135 Patrick McCarthy Director 2.0 0.0 X 0 0 0 Emilia Wiener Director 2.0 0.0 X 0 0 0 Andrew Plepler Director 2.0 0.0 X 0 0 0 Brandee McHale Director 2.0 0.0 X 0 0 0 Gary Hattem Director 2.0 0.0 X 0 0 0 Xavier de Souza Briggs Director 2.0 0.0 X 0 0 0 Barbara Picower director 2.0 0.0 X 0 0 0 Chanuncy Lennon Director 2.0 0.0 X 0 0 0 Craig Howard Director 2.0 0.0 X 0 0 0 Kate Wolford Director 2.0 0.0 X 0 0 0 Audrey Choi Director 2.0 0.0 X 0 0 0 Lata Reddy Director 2.0 0.0 X 0 0 0 Risa Lavizzo-Mourey Director 2.0 0.0 X 0 0 0 Michael Myers Director 2.0 0.0 X 0 0 0 Phillip Henderson Director 2.0 0.0 X 0 0 0 Joe Scantlebury Director 2.0 0.0 X 0 0 0 Mike Rizer Director 2.0 0.0 X 0 0 0 Elodie Baquerot Chief Operating Officer 40.0 0.0 X 162260 0 16306 David Lafluer Director, Finance & Admin 40.0 0.0 X 186467 0 19544 Tynesia Boyea-Robinson Director, Collective Impact 40.0 0.0 X 185231 0 13597 Eileen Neely Director, Capital Innovation 40.0 0.0 X 205115 0 19299 Steven Bosacker Director, Public Sector Innova 40.0 0.0 X 189610 0 15695 Daniela Pineda Asst.Director,impact evaluat. 40.0 0.0 X 150526 0 14742 1484225 0 124318 13 false true false Deloitte Consulting LLP 200 Berkeley Street BOSTON MA 02116 financial services 364105 Global Gateway Advisors LLC 81 Prospect Street BROOKLYN NY 11201 Consulting Services 234554 Innovation Labs 257 Castle Glen Road WALNUT CREEK CA 94595 Summit faciliation 127848 RTI International PO Box 12194 RESEARCH TRIANGLE PARK NC 27709 consulting service 111763 Results Scorecard LLC 11300 Rockville Pike Suite 1001 ROCKVILLE MD 20852 training 110324 15 11118733 11118733 LOAN FEES AND INTEREST 900099 506751 506751 506751 28827 28827 0 0 0 0 0 1140224 1140223 1 1 1 0 0 0 MISCELLANEOUS 900099 7367 7367 7367 11661679 506751 36195 3243755 3243755 0 0 0 608716 387545 103018 118153 0 2610569 2074502 536067 231090 183467 47623 283307 224923 58384 204741 170690 34051 0 113373 109064 4309 206889 206889 0 0 0 1891664 1420310 468334 3020 53765 177 53588 145758 23475 122283 86873 86873 0 417222 417222 1074220 972308 101912 0 475360 345963 129397 301133 301133 0 44208 44208 43847 43847 ALL OTHER 268083 131103 136980 12304573 9588415 2594985 121173 17922458 11332282 722864 525608 8613335 6405213 0 0 0 0 0 0 0 0 0 0 19388 26243 527154 456289 115073 70865 5438881 5459301 0 0 18553135 21885410 0 0 113142 95704 51498276 45800626 593843 1101173 3410724 1854909 0 0 0 0 0 0 0 0 0 0 18980047 23452272 9139745 619716 32124359 27028070 X 7901413 10286374 11472504 8486182 0 0 19373917 18772556 51498276 45800626 X -642894 -4044 45577 X X false true X true false X 3587682 4993500 26713121 6611829 11118733 53024865 0 0 3587682 4993500 26713121 6611829 11118733 53024865 33188579 19836286 149220 26382 34548 22751 28827 261728 0 227 4 2609 2320 7367 12527 53299120 2010956 0.37217 0.38408 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42984 38258 4726 484170 418031 66139 70865 NOTES AND LOANS RECEIVABLE 21093124 F 4.0% SOCIAL FINANCE LLC 509000 C 2% IMPACT VENTURES III LP 223286 C 2.5% URBAN INNOVATION FD I LP 60000 C 21885410 0 REFUNDABLE ADVANCES 619716 619716 X 11657635 -4044 -4044 11661679 11661679 12258996 12258996 45577 45577 12304573 Part X, Line 2 Living Cities follows the provisions of Accounting Standards Codification (ASC) 740-10 related to accounting for uncertainty in income taxes. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Living Cities has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. Living Cities believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Living Cities' financial condition, results of operations or cash flows. Accordingly, Living Cities' has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2016 and 2015. Living Cities is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any open tax periods. Living Cities' believes it is no longer subject to income tax examinations for years prior to 2013. part xii, line 4b PRIOR YEAR GRANTS REFUNDED IN THE CURRENT YEAR NETTED WITH FINANCIAL STATEMENT EXPENSES $ 45,577. true 504HealthNet 2601 Tulane Ave 500 New Orleans LA 70119 262831459 501(c)(3) 100000 See Part IV Association of Baltimore Area Grantmakers 2 East Read Street Baltimore MD 21202 521326863 501(c)(3) 125000 See Part IV California Community Foundation 221 S Figueroa St Los Angeles CA 90012 933510055 501(c)(3) 75000 See Part IV Case Western Reserve University 10900 Euclid Ave Cleveland OH 44106 341018992 501(c)(3) 10000 See Part IV City of Atlanta 55 Trinity Ave Ste 2400 Atlanta GA 30303 586000511 Atlanta City 25000 See Part IV City of Baltimore 25 S Charles Street Baltimore MD 21201 526000769 Baltimore City 50000 See Part IV City of New Orleans 1300 Perdido St2E04 New Orleans LA 70112 726000969 New Orleans Cit 250000 See Part IV City of Seattle PO Box 94649 Seattle WA 98124 916001275 Seattle City 23750 See Part IV Coalition for Nonprofit Housing and Economic Devel 727 15th Street NW Washington DC 20005 521750323 501(c)(3) 190000 See Part IV Code for America 155 9th Street San Francisco CA 94103 271067272 501(c)(3) 150000 See Part IV Community Foundation of Louisville 325 W Main St 1110 Louisville KY 40202 310997017 501(c)(3) 90000 See Part IV Community Foundation of New Jersey 35 Knox Hill Road Morristown NJ 07963 222281783 501(c)(3) 215000 See Part IV Metropolitan Area Planning Council 60 Temple Place 6th Fl Boston MA 02111 042472296 501(c)(3) 200000 See Part IV Minneapolis Foundation 800 IDS Ctr 80S8 St Minneapolis MN 55402 416029402 501(c)(3) 300000 See Part IV Neighborhood Development Center 663 Univ Ave Ste 200 St Paul MN 55104 411738791 501(c)(3) 100000 See Part IV NUSENDA Foundation PO Box 8530 Albuquerque NM 87198 471284916 501(c)(3) 290000 See Part IV Public Health-Seattle and King County 401 - 5th Ave Ste 1300 Seattle WA 98104 916001327 501(c)(3) 250000 See Part IV Rise Community Development 1627 Washington Ave St Louis MO 63103 431611669 501(c)(3) 200000 See Part IV Rockefeller Philanthropy Advisors 6 West 48th St 10th Fl New York NY 10036 133615533 501(c)(3) 25000 See Part IV San Francisco Foundation 1 Embarcadero Ctr San Francisco CA 94111 010679337 501(c)(3) 250000 See Part IV The Mayor's Fund for Philadelphia City Hall 708 Philadelphia PA 19107 232174863 501(c)(3) 90000 See Part IV The Urban Institute 2100 M Street NW Washington DC 20037 520880375 501(c)(3) 10000 See Part IV Third Sector Capital Partners 500 Washington St San Francisco CA 94111 461301032 501(c)(3) 100000 See Part IV TUMML 645 Harrison St San Francisco CA 94107 371702739 501(c)(3) 10000 See Part IV 24 0 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 Phase II work with City Accelerator's Revitalizing Community Engagement cohort. (2)Baltimore Integration Partnership. (3)Build capacity for Equitable Transit-Oriented Development through the Los Angeles Transit, Housing, Resources and Investment for a Vibrant Economy (LA THRIVES) Collaborative. (4)Civic Tech and Data Collaborative to build local civic tech and data ecosystem. (5)Strengthen relationships with community groups in Atlantas Westside and capture stories from residents about their neighborhoods. (6)To support the development and implementation of engagement strategies related to Baltimores Re-entry Right program. (7)To accelerate improvement of the well-being of New Orleans low-income communities. (8)To support Seattles early-stage work with the City Accelerators cohort on innovation in community engagement. (9)To support participation in the Civic Tech and Data Collaborative. (10)To support participation in the Civic Tech and Data Collaborative. (11)In support of the City of Louisville's work with the City Accelerator to test a "pipeline" process for innovation projects. (12)In support of participation in the City Accelerator to test a "pipeline" process for innovation projects. Page 2: (1)To support joint initiative to harness the power of data and technology to improve the lives of low-income people. (2)To re-focuses the work of The Integration Initiative in northern Minneapolis by supporting the Northside Funders Group. (3)Supports the development of a national cohort based on the NDC model of working with low-income, inner-city entrepreneurs of color within their own neighborhood. (4)To accelerate improvement of the well-being of Albuquerques low-income communities; support of the development of a comprehensive citywide ETOD policy in Albuquerque. (5)To accelerate improvement of the well-being of Seattle-King Countys low-income communities. (6)To support joint initiative to harness the power of data and technology to improve the lives of low-income people. (7)General support to expand Opportunities for Boys and Men of Color. (8)To accelerate improvement of the well-being of San Franciscos low-income communities. (9)In support of the City of Philadelphias proposed project under the City Accelerator. (10)Planning grant in partnership to participate in the Civic Tech and Data Collaborative. (11)In support of Pay for Performance Workforce Investment Opportunity Act initiative. (12)Sponsorship. X X false false false false false false false false false Ben Hecht President and CEO 369020 0 35996 0 0 0 24599 0 536 0 430151 0 0 0 Elodie Baquerot Chief Operating Officer 154760 0 7500 0 0 0 15770 0 536 0 178566 0 0 0 David Lafluer Director, Finance & Admin 181467 0 5000 0 0 0 19008 0 536 0 206011 0 0 0 Tynesia Boyea-Robinson Director, Collective Impact 177731 0 7500 0 0 0 13061 0 536 0 198828 0 0 0 Eileen Neely Director, Capital Innovation 200115 0 5000 0 0 0 18763 0 536 0 224414 0 0 0 Steven Bosacker Director, Public Sector Innova 184610 0 5000 0 0 0 15159 0 536 0 205305 0 0 0 Daniela Pineda Asst.Director,impact evaluat. 148526 0 2000 0 0 0 14206 0 536 0 165268 0 0 0 FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES 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. Expenses $ 735,913. including grants of $ 0. Revenue $ 0. The Integration Initiative - Living Cities' Integration Initiative demonstrates a new approach to both philanthropy and systemic change. It provides financial packages that include grants, loans and Program-Related Investments (PRIs) to targeted areas, where the public, private, philanthropic and non-profit sectors have agreed to work as partners to address a variety of issues, including access to education, housing, health care, transit, and jobs for their low-income residents. Expenses $ 89,975. including grants of $ 0. Revenue $ 0. 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 members to improve the effectiveness of celebrity and accelerate social change. Expenses $ 44,329. including grants of $ 0. Revenue $ 0. 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 $ 904,735. including grants of $ 750,000. Revenue $ 0. Catalyst loan Fund - Launched in July 2008, the Catalyst Fund has aggregated patient, flexible capital from member organizations and others to provide below-market rate loans and guarantees to improve the lives of economically disadvantaged urban communities and residents. The Catalyst Fund deploys concessionary, flexible debt from socially motivated investors to improve the lives of low-income people and the communities where they live. The Catalyst Fund's investments focus on these areas: improving education; providing opportunities to build income and wealth; promoting health and wellness, and; enhancing neighborhoods and communities. Expenses $ 521,530. including grants of $ 0. Revenue $ 518,302. iteams - In early 2015, Living Cities partnered with Bloomberg Philanthropies to lead efforts to connect the growing network of cities with dedicated innovation teams (currently 15 U.S. cities and two cities in Israel) who are developing and deploying bold ideas to tackle the biggest issues facing city governments. As part of this work, Living Cities is sharing emerging learnings from this work with the field. Living Cities employs multiple tactics, from dynamic in-person forums, to webinars, a digital platform for conversation, blogging events, and a social media strategy to create opportunities for i-teams to learn from each other and for other cities and urban practitioners to learn from the i-teams' efforts. Expenses $ 1,009,923. including grants of $0. Revenue $ 0. outcomes fund The Living Cities Executive Committee created a $1,500,000 grant, Outcomes Fund, to be targeted to activities that will help Living Cities to achieve its stated outcomes. These outcomes primarily include progress being made in select cities towards achieving locally defined goals and greater take-up nationally of elements of the emerging new urban practice. Expenses $ 225,000. including grants of $ 0. Revenue $ 0. policy lab model The primary purpose of Laura and John Arnold Fund funding is to provide technical assistance to up to 30 cities selected to be part of the cross-sector Policy Labs across the United States that Living Cities will select with Laura and John Arnold Fund. Expenses $ 106,299. including grants of $ 0. Revenue $ 0. 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 $ 384,550. including grants of $ 0. Revenue $ 0. social entrepreneurs These funds from Deutsche Bank Americas Foundation were requested and utilized to explore the setting-up of an entity to finance social entrepreneurs serving disadvantaged communities. Expenses $ 44,666. including grants of $ 0. Revenue $ 0. blended catalyst loan fund The Blended Catalyst Fund has aggregated patient, flexible capital from member organizations and others to test innovative approaches to solving urban problems. The Blended Catalyst Fund combines philanthropic and commercial debt under the premise that both types of capital are needed to support initiatives that achieve better results for low-income people in US cities. The Fund currently includes ten philanthropic and commercial investors that are committed to increasing the flow of available capital to meet growing demand for social services across the country. Expenses $ 74,247. including grants of $ 0. Revenue $ 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 11 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, BDO USA, 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. FORM 990, PART XI, LINE 9 PRIOR YEAR GRANTS REFUNDED IN THE CURRENT YEAR $ 45,577. FORM 990, PART XII, LINE 2C OVERSIGHT OF AUDIT: THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:1583193 FORM 990 PART IX LINE 11G DESCRIPTION:UNDERWRITING TOTAL FEES:72122 FORM 990 PART IX LINE 11G DESCRIPTION:CLERICAL/TEMP SUPPORT TOTAL FEES:67204 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITING FEES TOTAL FEES:165454 FORM 990 PART IX LINE 11G DESCRIPTION:STAFF DEVELOPMENT TOTAL FEES:3691 Living Cities Catalyst Fund LLC 1040 Avenue of the Americas New York NY 10018 262987680 PRI Lender DE 523567 28100668 LCI Living Cities Blended Catalyst Fund LLC 1040 Avenue of the Americas New York NY 10018 300889697 PRI Lender DE 150000 4600753 LCI