2016-05-16T15:37:53-05:00 2015-06-30 BDO USA LLP 8401 GREENSBORO DRIVE SUITE 800 MCLEAN VA 22102 990 2014-07-01 260003950 LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE % MATT SMITH LIVI 6464422200 1040 Avenue of the Americas 17 FL New York NY 10018 BEN HECHT President & CEO 7038930600 2016-05-16 true Joyce Underwood P00022361 7038930600 2014 2016-08-17 19:52:53Z Living Cities Ben Hecht 1040 Avenue of the Americas NEW YORK NY 10018 8012210 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. 22 21 49 19 0 26713121 6611829 390658 439615 34548 25279 2609 2320 27140936 7079043 5056941 2449000 0 0 3668502 3723162 0 0 348676 5900710 5046008 14626153 11218170 12514783 -4139127 54248842 51498276 31084037 32124359 23164805 19373917 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 2184555 1000000 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. 1817454 1040000 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. 1756099 24000 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. 2694172 385000 439615 8452280 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 56 0 true 49 true false false false false false false false false false false X 22 21 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 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 406755 0 20105 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 Pamela Flaherty 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 Dalila Wilson 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 La June Montgomery Tabron 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 182283 0 18228 Tynesia Boyea-Robinson Director, Collective Impact 40.0 0.0 X 169904 0 0 Arthur Burris Director, Public Sector Innov. 40.0 0.0 X 184529 0 16256 David Lafluer Director, Finance and Admin 40.0 0.0 X 183290 0 18329 Eileen Neely Director, Capital Innovation 40.0 0.0 X 186350 0 15330 1313111 0 88248 12 false true false csb Consulting 1204 Preservation Parkway OAKLAND CA 94612 Consulting Services 262800 Threespot Media LLC 806 7th St NW 201 WASHINGTON DC 20001 Consulting Services 256736 On-Ramps Services LLC 30 W 26th St NEW YORK NY 10010 recruiting services 132803 3 6611829 6611829 LOAN FEES AND INTEREST 900099 429615 429615 ALL OTHER PROGRAM SERVICE REVENUE 900099 10000 10000 439615 22751 22751 0 0 0 0 0 935695 933167 2528 2528 2528 0 0 0 MISCELLANEOUS 900099 2320 2320 2320 7079043 439615 27599 2449000 2449000 0 0 0 437959 284673 65694 87592 0 2698785 2011497 687288 179799 134010 45789 196915 146767 50148 209704 150216 59488 0 49221 43053 6168 183157 183157 0 0 0 2307926 1723420 323422 261084 26426 26426 186124 36692 149432 143947 143947 0 401400 401400 409264 326477 82787 0 901862 791446 110416 253287 253287 0 55578 55578 31871 31871 BAD DEBT EXPENSE 175927 75927 100000 REIMB-SUPPORTED ENTITIES -125816 -125816 ALL OTHER 45834 25815 20019 11218170 8452280 2417214 348676 19363323 17922458 721382 722864 15000489 8613335 0 0 0 0 0 0 0 0 0 0 4500 19388 527154 412081 162553 115073 5419022 5438881 0 0 13462779 18553135 0 0 114794 113142 54248842 51498276 466569 593843 5275572 3410724 0 0 0 0 0 0 0 0 0 0 18880048 18980047 6461848 9139745 31084037 32124359 X 5817451 7901413 17347354 11472504 0 0 23164805 19373917 54248842 51498276 X -4139127 -1761 350000 X X false true X true false X 26606184 3587682 4993500 26713121 6611829 68512316 0 0 26606184 3587682 4993500 26713121 6611829 68512316 41999746 26512570 271775 149220 26382 34548 22751 504676 0 6835 227 4 2609 2320 11995 69028987 0.38408 0.37446 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42984 35601 7383 484170 376480 107690 115073 NOTES AND LOANS RECEIVABLE 18298026 F 4.0% SOCIAL FINANCE LLC 255109 C 18553135 0 REFUNDABLE ADVANCES 9139745 9139745 X 7077282 -1761 -1761 7079043 7079043 10868170 10868170 350000 350000 11218170 Part X, Line 2 Living Cities follows the provisions of Accounting Standards Codification (ASC) 740-10 related to accounting for uncertainty in income taxes with no cumulative effect adjustment required. 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, 2015 and 2014. 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 2012. Part XII, line 4b: Prior year grants refunded in the current year netted with financial statement expenses $350,000 true Urban Institute 2100 M St NW Washington DC 20039 520880375 501(c)(3) 150000 Program Grant All Hands Raised 2069 NE Hoyt Street Portland OR 97232 931149789 501(c)(3) 60000 Program Grant California Community Foundation 221 SFigueroa St Suite 400 Los Angeles CA 90012 953510055 501(c)(3) 75000 Program Grant Capital Impact Partners 2011 Crystal Drive Suite 250 Arlington VA 22202 521290127 501(c)(3) 250000 Program Grant City of New Orleans 1515 Poydras St Suite 1150 New Orleans LA 70112 726000969 501(c)(3) 25000 Program Grant City of Cleveland Planning Commission 601 Lakeside Ave Cleveland OH 44114 346000646 Cleveland City 24000 Program Grant Community Foundation of New Jersey PO Box 338 Morristown NJ 07963 222281783 501(c)(3) 300000 Program Grant The Minneapolis Foundation 80 S 8th Street Suite 800 Minneapolis MN 55402 416029402 501(c)(3) 200000 Program Grant Northeast Indiana Fund 200 E Main Street Suite 910 Ft Wayne IN 46802 593812438 501(c)(3) 60000 Program Grant Northeast Ohio Council on Education 1422 Euclid Ave Suite 840 Cleveland OH 44115 340838293 501(c)(3) 1000000 Program Grant Nusenda Federal Credit Union 4100 Pan American Freeway NE Albuquerque NM 87107 850105773 501(c)(3) 25000 Program Grant Portland State University Foundation PO Box 243 Portland OR 97207 930619733 501(c)(3) 10000 Program Grant King County 401 - 5th Avenue Suite 1300 Seattle WA 98104 916001327 King County 25000 Program Grant Rockefeller Philanthropy Advisors 6 West 48th Street New York NY 10036 133615533 501(c)(3) 10000 Program Grant The San Francisco Foundation One Embarcadero Center Suite 1400 1400 San Francisco CA 94110 010679337 501(c)(3) 25000 Program Grant The St Paul Foundation 101 Fifth Street East Suite 2400 St Paul MN 551011800 416031510 501(c)(3) 20000 Program Grant Thrive Chicago NFP 205 N Michigan Ave Suite 4300 Chicago IL 60601 472478889 501(c)(3) 60000 Program Grant United Way of Central New Mexico 2430 Alamo Ave SE Albuquerque NM 87106 850277138 501(c)(3) 60000 Program Grant United Way of Greater Cincinnati 2400 Reading Road Cincinnati OH 45202 310537502 501(c)(3) 60000 Program Grant 19 Part I Description of Procedure for Monitoring Use of Funds: Program milestones, periodic reports and financial reports are required of each grantee. X X false false false false false false false false false Ben Hecht President and CEO 363555 0 43200 0 0 0 19543 0 562 0 426860 0 0 0 Elodie Baquerot Chief Operating Officer 174783 0 7500 0 0 0 18228 0 0 0 200511 0 0 0 Tynesia Boyea-Robinson Director, Collective Impact 169904 0 0 0 0 0 0 0 0 0 169904 0 0 0 Arthur Burris Director, Public Sector Innov. 179529 0 5000 0 0 0 16256 0 0 0 200785 0 0 0 David Lafluer Director, Finance and Admin 180790 0 2500 0 0 0 18329 0 0 0 201619 0 0 0 Eileen Neely Director, Capital Innovation 184850 0 1500 0 0 0 15330 0 0 0 201680 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 $ 906,735. including grants of $ 0. Revenue $ 0. 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. Expenses $ 677,407. including grants of $ 85,000. 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 $ 105,258. 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 $ 150,000. including grants of $ 150,000. 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 $ 422,692. including grants of $ 0. Revenue $ 439,615. 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 $ 279,114. including grants of $ 0. Revenue $ 0. Networks - Living Cities seeks to create and harness the 'network effect' - where the adoption of critical innovation is accelerated in more places through the intentional weaving of practitioners, innovators, funders, and real-time learning by supporting a number of networks in key program areas. Expenses $ 152,966. including grants of $ 150,000. 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 2013 and again in 2014. 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 $ 350,000. 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:TEMPORARY EMPLOYEES TOTAL FEES:58885 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:2249041 Living Cities Catalyst Fund LLC 1040 Avenue of the Americas New York NY 10018 262987680 PRI Lender DE 445470 23878227 LCI