2012-05-15T18:38:03-05:00 2011-06-30 CROWE HORWATH LLP 575 MARKET STREET SUITE 3300 SAN FRANCISCO CA 94105 990 2010-07-01 942952578 LOW INCOME INVESTMENT FUND LOWI 4157729094 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 ART FATUM 4157729094 2012-05-15 1 4155761100 2010 2016-02-24 21:20:13Z NANCY O ANDREWS 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 46031633 0 X WWW.LIIFUND.ORG X 1984 CA LOW INCOME INVESTMENT FUND IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WHICH PROVIDES A COMPREHENSIVE RANGE OF PROGRAMS TO INCREASE THE AVAILABILITY OF CAPITAL IN LOW-INCOME COMMUNITIES AT AFFORDABLE RATES AND TERMS. 12 12 62 0 0 0 5663159 16402862 12444660 11919028 1636474 614320 696 60906 19744989 28997116 903384 1784117 0 0 6366244 6380414 0 0 619238 5152856 5299221 12422484 13463752 7322505 15533364 132307868 166189220 85076078 104072926 47231790 62116294 X THE LOW INCOME INVESTMENT FUND IS DEDICATED TO CREATING PATHWAYS OF OPPORTUNITY FOR LOW INCOME PEOPLE AND COMMUNITIES. LIIF'S OVERARCHING MISSION IS POVERTY ALLEVIATION. LIIF ACHIEVES THIS MISSION BY INVESTING CAPITAL FOR HEALTHY COMMUNITIES AND FAMILIES. LIIF BUILDS BRIDGES BETWEEN PRIVATE CAPITAL MARKETS AND PLACES WHERE LOW INCOME PEOPLE LIVE.LIIF PARTNERS WITH LOW INCOME COMMUNITIES, COMMUNITY BASED ORGANIZATIONS, FUNDERS, AND FINANCIAL INSTITUTIONS TO CREATE A NETWORK OF SUPPORT TO ADDRESS THE CHALLENGES FACING LOW INCOME INDIVIDUALS AND FAMILIES. SINCE ITS FOUNDING IN 1984, LIIF HAS PROVIDED $1.1 BILLION IN FINANCING AND TECHNICAL ASSISTANCE FOR PROJECTS BENEFITING LOW INCOME COMMUNITIES, LEVERAGING INVESTMENTS OF $6 BILLION. THROUGH THESE PROJECTS, WE HAVE SERVED OVER 1 MILLION PEOPLE AND SUPPORTED: - 56,000 UNITS OF HOUSING; 190,000 CHILD CARE SPACES; 58,000 SPACES IN SCHOOLS FOR CHILDREN; AND7.0 MILLION SQUARE FT OF GREENER FACILITIES. 0 0 5238151 336395 9561591 LENDING ACTIVITIES:BECAUSE NO SINGLE APPROACH ALONE CAN LIFT A FAMILY OUT OF POVERTY, LIIF EMPLOYS A HOLISTIC STRATEGY THAT FOCUSES ON FIVE PRIORITY PROGRAMS - HOUSING, CHILD CARE, EDUCATION, TRANSIT ORIENTED DEVELOPMENT AND HEALTH (THROUGH ACCESS TO HEALTHY FOOD AND HEALTH CARE CLINICS), WITH GREEN DEVELOPMENT AS A CROSS-CUTTING THEME. THESE AREAS ARE KEY LEVERS IN ADDRESSING POVERTY THAT ALSO REQUIRE OUR CORE COMPETENCE, NAMELY CAPITAL AND FINANCE. LIIF'S FLEXIBLE AND AFFORDABLE CAPITAL FILLS A GAP FOR COMMUNITY DEVELOPMENT ORGANIZATIONS THAT ARE UNABLE TO CONSISTENTLY ACCESS LOANS FROM TRADITIONAL FINANCIAL INSTITUTIONS. MEANWHILE, LIIF'S TECHNICAL ASSISTANCE GUIDES BORROWERS THROUGH THE CHALLENGING PROCESS OF REAL ESTATE DEVELOPMENT AND FINANCING. 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. MORE THAN 97 PERCENT OF ITS LENDING IS DIRECTED TO LOW AND VERY LOW INCOME FAMILIES AND INDIVIDUALS. 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, AND ENABLING THESE COMMUNITY BORROWERS TO READY THEIR ORGANIZATIONS TO APPROACH CONVENTIONAL LENDERS.AFFORDABLE HOUSING IS THE CORNERSTONE OF LIIF'S WORK, COMPRISING HALF OF THE ORGANIZATION'S HISTORICAL ACTIVITY. SINCE ITS INCEPTION, LIIF HAS INVESTED MORE THAN $575 MILLION TO SUPPORT THE DEVELOPMENT OF 56,000 UNITS OF AFFORDABLE HOUSING, WHICH HAS PRODUCED ENHANCED LIVING CONDITIONS AND SAVED LOW INCOME FAMILIES MORE THAN $10 BILLION IN REDUCED HOUSING COSTS. AVAILABILITY OF AFFORDABLE HOUSING IS VITAL IN CREATING A FOUNDATION FOR FAMILY STABILITY AND COMMUNITY REVITALIZATION, AND IT PLAYS A CRITICAL ROLE IN ADVANCING FAMILY WELL-BEINGLINKED, AS IT IS, TO EMPLOYMENT, WAGE GAINS, EDUCATIONAL ATTAINMENT AND GENERALLY 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 $300 MILLION SUPPORTING THE DEVELOPMENT OF 58,000 QUALITY CHARTER SCHOOL SPACES FOR LOW-INCOME STUDENTS. TRANSIT-ORIENTED DEVELOPMENT (TOD) IS AN EMERGING FOCUS FOR LIIF BECAUSE TRANSPORTATION COSTS PLACE AN INORDINATE BURDEN ON LOW INCOME PEOPLE. LIIF'S TOD PROGRAM INVESTS IN PROJECTS THAT PLACE AFFORDABLE HOUSING AND VITAL COMMUNITY SERVICES CLOSE TO ACCESSIBLE TRANSPORTATION. LIIF MANAGES THE $50 MILLION 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. 2428479 1193808 2024983 CHILD CARE PROGRAM:QUALITY CHILD CARE ENABLES PARENTS TO WORK OR ATTEND SCHOOL WITHOUT WORRY FOR THEIR CHILDREN'S WELL-BEING. LIIF LAUNCHED ITS CHILD CARE 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 CENTER FACILITIES AND ONE-ON-ONE TECHNICAL ASSISTANCE TO PROVIDERS. IN ADDITION, LIIF HAS OFFERED MILLIONS OF DOLLARS IN LOANS AND PLANNING GRANTS. LIIF ACCOMPLISHES ITS CHILD CARE GOALS THROUGH THREE PROGRAMS: THE AWARD-WINNING CHILD CARE FACILITIES FUND, THE AFFORDABLE BUILDINGS FOR CHILDREN'S DEVELOPMENT (ABCD) INITIATIVE AND THE FUND FOR CHILDREN AND COMMUNITIES. 446470 43736 NATIONAL POLICY:LIIF DESIGNS AND IMPLEMENTS ADVOCACY STRATEGIES TO ENSURE THE ORGANIZATION IS ACTIVE IN FEDERAL POLICY INITIATIVES RELEVANT TO ITS MAIN PROGRAM AREAS. THE NATIONAL POLICY PROGRAM ADVANCES THE POLICY AGENDA OF LIIF, LEVERAGING RELATIONSHIPS AND BUILDING DYNAMISM AROUND THE ORGANIZATION AND ITS MISSION OF POVERTY ALLEVIATION. IN ADDITION TO ADVOCATING FOR PROGRAMS AND POLICIES THAT SUPPORT ITS OWN ACTIVITIES, LIIF ALSO SUPPORTS THE ACTIVITY FOR ALL CDFIS AS A NON-PROFIT BUSINESS MODEL FOR PROVIDING CAPITAL TO LOW INCOME NEIGHBORHOODS. 2550115 349624 OTHER DEVELOPMENT SERVICES:OTHER DEVELOPMENT SERVICES INCLUDE KEY EMERGING INITIATIVES INCLUDING THOSE SUPPORTING GREEN, HEALTHY FOODS, AND TOD PROGRAM DEVELOPMENT. THE MOST NOTABLE ACTIVITIES ARE THE CALIFORNIA PRESCHOOL ENERGY EFFICIENCY PROGRAM, WHICH PROVIDES COST SAVING, ENERGY EFFICIENCY RETROFITS FOR PRESCHOOLS THROUGHOUT CALIFORNIA AND THE LAUNCH OF LIIF'S $30 MILLION HFHC FUND PROVIDES FINANCING AND TECHNICAL ASSISTANCE TO BUILD AND EXPAND HEALTHY FOOD RETAIL IN DISTRESSED NEW YORK NEIGHBORHOODS. 2550115 349624 10663215 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 1 57 0 1 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA NY X X LOW INCOME INVESTMENT FUND 4157729094 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 BARRY ZIGAS X 0 0 0 ELLEN SEIDMAN X 0 0 0 JOSEPH REILLY X 0 0 0 JUDD S LEVY X 0 0 0 JUDY BURTON X 0 0 0 KIRSTEN MOY X 0 0 0 MARY KAISER X 0 0 0 PATRICK J NASH X 0 0 0 DAN LETENDRE X 0 0 0 DANIEL A NISSENBAUM X 0 0 0 ELIZABETH L PUGH X 0 0 0 NANCY DUFF CAMPBELL X 0 0 0 ARTHUR FATUM 40.00 X 291000 0 30246 BRIAN PRATER 40.00 X 208500 0 25687 COREY M CARLISLE 40.00 X 187200 0 14201 JUDITH KENDE 40.00 X 212000 0 8480 KIMBERLY LATIMER-NELLIGAN 40.00 X 315000 0 22002 NANCY O ANDREWS 40.00 X 377000 0 30592 CANDACE WONG 40.00 X 117017 0 9564 DEBORAH LELAND 32.00 X 142550 0 9559 DIANE BORRADAILE 40.00 X 146300 0 23559 HANNAH BLITZER 40.00 X 117250 0 22366 ROXANNE HUEY 40.00 X 155650 0 14368 2269467 0 210624 14 0 1 0 MCPHARLIN SPRINKLES & THOMAS LLP 160 W SANTA CLARA STREET SUITE 40 SAN JOSE CA 95113 LEGAL CONSULTING 202130 BOCARSLY EMDEN COWAN ESMAIL & ARNDT LLP 7200 WISCONSIN AVENUE SUITE 900 BETHESDA MD 20814 LEGAL CONSULTING 160000 PERRY-SMITH LLP 400 CAPITOL MALL STE 1200 SACRAMENTO CA 95814 AUDIT/TAX SERVICES 147020 ERNST & YOUNG BANK OF AMERICA-CHIC 91251 CHICAGO IL 60693 CONSULTING 125000 NOVOGRADAC & COMPANY LLP 246 FIRST STREET 5TH FLOOR SAN FRANCISCO CA 94105 AUDIT/TAX SERVICES 121147 5 11861171 4541691 1500000 16402862 INTEREST ON LOANS 525990 5865980 5865980 TECHNICAL ASSISTANCE A 525990 2947619 2947619 LOAN PACKAGING AND SER 525990 2558065 2558065 LOAN ORIGINATION 525990 547364 547364 11919028 494728 494728 17154109 17034517 119592 119592 119592 INCOME FROM LIIF TOAH 523000 50274 50274 OTHER 525990 10632 10632 60906 28997116 11979934 0 614320 1722093 1722093 62024 62024 6380414 4655876 1313494 411044 204428 99407 105021 279713 122914 156799 86711 11935 51061 23715 1877034 1877034 400468 289778 79230 31460 653427 537125 84326 31976 312621 241205 64908 6508 48605 41859 6004 742 1314384 1314384 160134 149976 7819 2339 INSURANCE,LICENSES,FEES 296039 92546 202107 1386 MISCELLANEOUS 104860 36775 67805 280 TELEPHONE 78675 65158 9666 3851 MEMBERSHIPS AND PUBLICA 74076 34487 38673 916 SCH K1 FROM CHARTER SCH 27638 27638 -619592 -619592 13463752 10663215 2181299 619238 2330098 7462362 20592643 32344224 3817500 6845000 2197769 1829909 86214562 98858663 353637 537989 1993537 1520666 544367 472871 12748377 14572906 101688 101050 8670 14084 3398557 3150162 132307868 166189220 3834551 4576948 76843301 87897454 4398226 11598524 85076078 104072926 X 26485434 29300413 20746356 32815881 47231790 62116294 132307868 166189220 X 15533364 -648860 X 0 1 1 X 1 1 X 3394974 9824369 6217633 5663159 16402862 41502997 3394974 9824369 6217633 5663159 16402862 41502997 15473575 26029422 2356618 1713630 764265 565601 494728 5894842 28088 26558 29216 696 60906 145464 47543303 66624636 0.54750 0.71920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45392 45392 13393196 13438588 821929 205482 0 0 1000000 770492 821929 2592421 3888632 99615 43155 45392 188162 250000 192623 205482 648105 972158 1993537 1520666 472871 472871 ACCRUED INTEREST PAYABLE 57868 FUNDS HELD IN TRUST 11540656 11598524 28997116 13463752 15533364 -626191 15000 -37669 -648860 14884504 28323090 -626191 15000 -611191 28934281 62835 62835 28997116 13438588 15000 15000 13423588 40164 40164 13463752 PART XI, LINE 8 - OTHER ADJUSTMENTS: DONATED SERVICES -15,000. INTEREST INCOME FROM CHARTER SCHOOL FINANCING PARTNERSHIP LLC -14. INTEREST INCOME FROM LIIF TOAH MEMBER, LLC -1,946. INTEREST INCOME FROM LA COUNTY HOUSING INNOVATION FUND, LLC -10,599. ORDINARY BUSINESS INCOME FROM LIIF TOAH MEMBER, LLC -50,274. ORDINARY BUSINESS INCOME FROM LA COUNTY HOUSING INNOVATION FUND, LLC 12,526. ORDINARY BUSINESS INCOME FROM CHARTER SCHOOL FINANCING PARTNERSHIP LLC 27,638. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME FROM LIIF TOAH MEMBER LLC 1,948. INTEREST INCOME FROM LA COUNTY HOUSING INNOVATION FUND LLC 10,599. ORDINARY BUSINESS INCOME FROM LIIF TOAH MEMBER LLC 50,274. INTEREST INCOME FROM CHARTER SCHOOL FINANCING PARTNERSHIP LLC 14. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ORDINARY BUSINESS LOSS FROM CHARTER SCHOOL FINANCING PARTNERSHIP LLC 27,638. ORDINARY BUSINESS LOSS FROM LA COUNTY HOUSING INNOVATION FUND, LLC 12,526. 0 A JOYFUL NOISE LEARNING CENTER 26555 GADING ROAD HAYWARD CA 94544 501(C)(3) 50000 BOOK - BAY AREA HISPANO INSTITUTE FOR ADVANCEMENT INC 1000 CAMELIA STREET BERKELEY CA 94710 501(C)(3) 69300 BOOK - BAY AREA TRANSIT ORIENTED AFFORDABLE HOUSING LLC 100 PINE STREET SUITE 800 SAN FRANCISCO CA 94111 50000 BOOK - BERKELEY-ALBANY YMCA 2009 10TH STREET BERKELEY CA 94710 501(C)(3) 13407 BOOK - BOCARSLY EMDEN COWAN ESMAIL & ARNDT LLP 7200 WISCONSIN AVE SUITE 900 BETHESDA MD 20814 160000 BOOK - BRIGHT START PRESCHOOL - REPAYMENT OF GRANT -2000 BOOK -- CATHOLIC CHARITIES CYO 180 HOWARD STEET SUITE 100 SAN FRANCISCO CA 94105 501(C)(3) 10000 BOOK - CHERYL ANDERSON-SORENSON CHILD CARE CENTER 4150 CLEMENT STREET SAN FRANCISCO CA 94121 501(C)(3) 35060 BOOK - CHILD EDUCATION CENTER 1222 UNIVERSITY AVENUE BERKELEY CA 94702 501(C)(3) 50000 BOOK - CHILD'S TIME 3061 SAN BRUNO AVENUE SAN FRANCISCO CA 94134 501(C)(3) 5000 BOOK - COMPASS FAMILY SERVICES - COMPASS CLARA HOUSE 111 PAGE STREET SAN FRANCISCO CA 94102 501(C)(3) 2000 BOOK - CORPORATION FOR SUPPORTIVE HOUSING 50 BROADWAY 17TH FLOOR NEW YORK NY 10004 501(C)(3) 20000 BOOK - CROSS CULTURAL FAMILY CENTER PO BOX 15366 SAN FRANCISCO CA 94115 501(C)(3) 40850 BOOK - DAVIS STREET FAMILY RESOURCE CENTER 3081 TEAGARDEN STREET SAN LEANDRO CA 94577 501(C)(3) 119995 BOOK - EAST BAY AGENCY FOR CHILDREN 303 VAN BUREN AVENUE OAKLAND CA 94610 501(C)(3) 99400 BOOK - ECONOMIC OPPORTUNITY COUNCIL OF SAN FRANCISCO 1426 FILLMORE STREET SUITE 301 SAN FRANCISCO CA 94115 501(C)(3) 130400 BOOK - ENTERPRISE COMMUNITY LOAN FUND INC 10227 WINCOPIN CIRCLE COLUMBIA MD 21044 501(C)(3) 20000 BOOK - FREE TO BE ME CHILD CARE 542 JUNCTION AVENUE LIVERMORE CA 94550 10000 BOOK - KIDANGO INC 44000 OLD WARM SPRINGS BLVD FREMONT CA 94538 501(C)(3) 106146 BOOK - LITTLE CHILDREN'S DEVELOPMENT CENTER 1223 WEBSTER STREET SAN FRANCISCO CA 94115 501(C)(3) 5000 BOOK - LITTLE SUNSHINE LEARNING CENTER 20376 WISTERIA STREET CASTRO VALLEY CA 94546 10000 BOOK - LOCAL INITIATIVES SUPPORT CORP 501 SEVENTH AVENUE 7TH FLOOR NEW YORK NY 10018 501(C)(3) 20000 BOOK - MCPHARLIN SPRINKLES & THOMAS LLP 10 ALMADEN BLVD SUITE 1460 SAN JOSE CA 95113 5000 BOOK - NIA HOUSE LEARNING CENTER 2234 9TH STREET BERKELEY CA 94710 67000 BOOK - NOE VALLEY NURSERY SCHOOL PO BOX 31128 SAN FRANCISCO CA 94131 501(C)(3) 7576 BOOK - NORTHERN CALIFORNIA COMMUNITY LOAN FUND 870 MARKET STREET SUITE 677 SAN FRANCISCO CA 94102 501(C)(3) 20000 BOOK - OPPORTUNITY FUND NORTHERN CALIFORNIA 111 W ST JOHN STREET SUITE 800 SAN JOSE CA 95113 501(C)(3) 20000 BOOK - PAUL HASTINGS JANOFSKY & WALKER LLP 7200 WISCONSIN AVE SUITE 900 BETHESDA MD 20814 15000 BOOK - PRESIDIO PRESCHOOL 143 CLEMENT STREET SAN FRANCISCO CA 94118 501(C)(3) 19940 BOOK - SNELL & WILMER ONE ARIZONA CENTER PHOENIX AZ 85004 5000 BOOK - STEP ONE SCHOOL 499 SPUCE STREET BERKELEY CA 94708 501(C)(3) 25000 BOOK - TELEGRAPH HILL NEIGHBORHOOD CENTER 660 LOMBARD STREET SAN FRANCISCO CA 94133 10000 BOOK - THE FOOD TRUST 1617 JOHN F KENNEDY BLVDSTE900 PHILADELPHIA PA 19103 501(C)(3) 182951 BOOK - THE REINVESTMENT FUND 1700 MARKET STREET 19TH FLOOR PHILADELPHIA PA 19103 501(C)(3) 70963 BOOK - THE SALVATION ARMY 279 12TH STREET OAKLAND CA 94607 501(C)(3) 68864 BOOK - THROUGH THE LOOKING GLASS 2198 6TH STREET SUITE 100 BERKELEY CA 94710 501(C)(3) 100000 BOOK - TUDORKA TOTS INFANT AND PRESCHOOL CENTER 5040 MOUNTAIN BLVD OAKLAND CA 94619 501(C)(3) 10000 BOOK - VENABLE LLP 720 E PRATT STREET SUITE 900 BALTIMORE MD 21202 1395 BOOK - WHITNEY YOUNG CHILD DEVELOPMENT CENTER INC 100 WHITNEY YOUNG CIRCLE SAN FRANCISCO CA 94124 501(C)(3) 45000 BOOK - WU YEE CHILDREN'S SERVICES 706 MISSION STREET 6TH FLOOR SAN FRANCISCO CA 94103 501(C)(3) 23846 BOOK - GAYANE MELIKYAN 3000 BOOK DAVELLA STEPTOE-GRAY 5000 BOOK FREDA STOWE 5000 BOOK LAURA LOPEZ 2500 BOOK LI XIAN ZHENG 2100 BOOK LI YAN CHEN 5000 BOOK SAHAR ELDEEB 5000 BOOK XIAO YAN LI 15000 BOOK ISOLINA FUENTES 3000 BOOK LI QING LIANG 1600 BOOK RENEE UNDERWOOD 3000 BOOK PUI YU YAN 500 BOOK HUI XIN YANG 2324 BOOK NATASHIA WADE-BELL 5000 BOOK NORMA LEE CARTER 4000 BOOK X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 ARTHUR FATUM 236000 0 55000 0 0 0 10208 0 20038 0 321246 0 306100 0 BRIAN PRATER 168500 0 40000 0 0 0 8340 0 17347 0 234187 0 230366 0 COREY M CARLISLE 177200 0 10000 0 0 0 7488 0 6713 0 201401 0 189387 0 JUDITH KENDE 169500 0 42500 0 0 0 8480 0 0 0 220480 0 186171 0 KIMBERLY LATIMER-NELLIGAN 245000 0 70000 0 0 0 12600 0 9402 0 337002 0 304407 0 NANCY O ANDREWS 287000 0 90000 0 0 0 12313 0 18279 0 407592 0 375230 0 CANDACE WONG 100017 0 17000 0 0 0 4681 0 4883 0 126581 0 0 0 DEBORAH LELAND 135450 0 7100 0 0 0 5702 0 3857 0 152109 0 150047 0 DIANE BORRADAILE 135050 0 11250 0 0 0 5852 0 17707 0 169859 0 0 0 HANNAH BLITZER 107350 0 9900 0 0 0 4690 0 17676 0 139616 0 0 0 ROXANNE HUEY 145650 0 10000 0 0 0 6226 0 8142 0 170018 0 171241 0 PART I, LINE 1A THE ORGANIZATION REIMBURSES THEIR EMPLOYEES FOR HEALTH CLUB MEMBERSHIP DUES UP TO $50 PER MONTH AS WELLNESS BENEFITS. PATRICK J NASH EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 5250000 NOTE PAYABLE 0 PATRICK J NASH EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 1392073 CASH EQUIVALENT 0 PATRICK J NASH EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 145000 DEBT SECURITY INVESTMENT 0 ELIZABETH L PUGH EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 1331265 NOTE PAYABLE 0 DANIEL A NISSENBAUM EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 130000 DEBT SECURITY INVESTMENT 0 DAN LETENDRE EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 39063406 CASH & MM DEPOSITS 0 DAN LETENDRE EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 4000000 NOTE PAYABLE 0 DAN LETENDRE EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 175000 DEBT SECURITY INVESTMENT 0 PATRICK J NASH EMPLOYEE OF AN ENTITY LIIF DID BUSINESS WITH 1662249 LOANS RECEIVABLE 0 X IN-KIND LEGAL SERVICES 1 15000 HOURS AND RATE X STOCK SHARES 1 1500000 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE DRAFT COPY OF THE FORM 990 BEFORE IT IS FILED. 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 KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IMMEDIATELY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED ANNUALLY TO COMPLETE CONFLICT OF INTEREST SURVEYS IDENTIFYING POTENTIAL CONFLICTS. THE RESULTS OF THESE SURVEYS ARE COMMUNICATED TO THE BOARD OF DIRECTORS TO ENSURE THAT 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 IN WHICH LIIF IS CONSIDERING UNDERTAKING 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 (REVIEW OF 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. 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. THE ORGANIZATIONS BY-LAWS, FORM 990 FILINGS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -626,191. DONATED SERVICES AND USE OF FACILITIES: 15,000. DONATED SERVICES -15,000. INTEREST INCOME FROM CHARTER SCHOOL FINANCING PARTNERSHIP LLC -14. INTEREST INCOME FROM LIIF TOAH MEMBER, LLC -1,946. INTEREST INCOME FROM LA COUNTY HOUSING INNOVATION FUND, LLC -10,599. ORDINARY BUSINESS INCOME FROM LIIF TOAH MEMBER, LLC -50,274. ORDINARY BUSINESS INCOME FROM LA COUNTY HOUSING INNOVATION FUND, LLC 12,526. ORDINARY BUSINESS INCOME FROM CHARTER SCHOOL FINANCING PARTNERSHIP LLC 27,638. TOTAL TO FORM 990, PART XI, LINE 5: -648,860. THE FUND FOR CHILDREN AND COMMUNITIES LLC 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 753075371 LENDING CA 392686 9915955 YES LIIF NEW MARKETS I 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 52500 37378 YES LIIF NEW MARKETS II 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 42500 5938 YES LIIF NEW MARKETS IV 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 35000 74562 YES LIIF NEW MARKETS III 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 37500 7237 YES LIIF NEW MARKETS V 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 52580 21784 YES LIIF NEW MARKETS VII 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 31500 15543 YES LIIF NEW MARKETS IX 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 44000 21142 YES LIIF NEW MARKETS X 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 24312 7039 YES LIIF NEW MARKETS XI 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 83125 25869 YES LIIF NEW MARKETS XII 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 53500 892 YES LIIF NEW MARKETS VI 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 7774 10377 YES LIIF NEW MARKETS VIII 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 13125 9090 YES LIIF NEW MARKETS XIII 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 NEW MARKET TAX CREDIT DEAL CA 19750 2599 YES LIIF REO I LLC 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 REAL ESTATE - FORECLOSED PROPERTY CA 20646 670 YES LIIF TOAH MEMBER LLC 100 PINE STREET SUITE 1800 SAN FRANCISCO CA 94111 LENDING CA YES RELATED 52222 891 0 0 0.99990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LA COUNTY HOUSING INNOVATION FUND LLC 100 PINE ST SUITE 1800 SAN FRANCISCO CA 94111 262824480 LENDING CA 1 6543774 0 1