2011-05-13T17:56:50-05:00 2010-06-30 BDO USA LLP 7101 Wisconsin Ave Suite 800 Bethesda MD 208144827 990 2009-07-01 260003950 LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE LIVI 6464422200 1040 Avenue of the Americas No 17 Fl New York NY 10018 Ben Hecht 6464422200 2011-05-13 1 Joyce M Underwood 3016544900 2009 2016-02-24 21:20:13Z X Living Cities Ben Hecht 1040 Avenue of the Americas No 17 Fl New York NY 10018 36650832 0 X www.livingcities.org X 2001 DE To improve the lives of low-income urban residents and the communities in which they live. 23 22 28 0 0 0 9222595 12013634 89040 676068 525957 1859 400 9900522 12629031 16728332 9558616 0 1999683 2457617 0 311695 3568379 5340827 22296394 17357060 -12395872 -4728029 42037873 40745343 19818501 23241852 22219372 17503491 To improve the lives of low-income urban residents and the communities in which they live. 0 0 9170405 7425147 Program Strategies work concentrates Living Cities' work to identify, nurture, and implement innovative programs and activities to improve the lives of low income people in cities. 2918027 795469 Public Policy work includes the dissemination of information designed to heighten public awareness of the community development field and its successes in order to encourage investment in cities. 1341453 1300000 Retrofits - Work in this areas focuses on building energy efficiency, through retrofitting and other strategies, as a high priority in a growing number of cities and states throughout the country because it simultaneously meets environmental protection, economic development, and social goals: the quintessential "triple bottom line" solution. 516642 38000 Neighborhood Stabilization and Foreclosure Mitigation 1065817 89040 Capital Formation projects include Living Cities Catalyst Fund LLC and are designed to create investment funds to create opportunities and make markets work for underserved urban communities and residents. 651308 Admiral Community Impact Center and Public Safety Policy 2233767 38000 89040 15663652 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 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 28 1 0 0 0 0 0 0 0 0 0 23 22 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 DC NY X David Lafleur LIVING CITIES INC 6464422200 1040 Avenue of the Americas No 17 New York NY 10018 Ben Hecht 40.00 X X 349613 0 25182 Pablo Farias 2.00 X X 0 0 0 A Dennis White 2.00 X X 0 0 0 Kate Wolford 2.00 X X 0 0 0 Audrey Choi 2.00 X 0 0 0 Martin Cox 2.00 X 0 0 0 Paula Ellis 2.00 X 0 0 0 Pamela Flaherty 2.00 X 0 0 0 Carol Goss 2.00 X 0 0 0 Gary Hattem 2.00 X 0 0 0 Philip Henderson 2.00 X 0 0 0 Craig Howard 2.00 X 0 0 0 Jo Ann Jenkins 2.00 X 0 0 0 Risa Lavizzo-Mourey 2.00 X 0 0 0 Patrick McCarthy 2.00 X 0 0 0 Gabriella Morris 2.00 X 0 0 0 Anne Mosle 2.00 X 0 0 0 Hilary Pennington 2.00 X 0 0 0 Andrew Plepler 2.00 X 0 0 0 Rip Rapson 2.00 X 0 0 0 Ronald Richard 2.00 X 0 0 0 Rosemarie Shomstein 2.00 X 0 0 0 Nick Turner 2.00 X 0 0 0 Robin Hacke 40.00 X 206602 0 32980 Marian Urquilla 40.00 X 156066 0 23588 Neil Kleiman 40.00 X 149813 0 37487 David Lafleur 40.00 X 141536 0 22077 Amy Chung 40.00 X 127060 0 11559 1130690 0 152873 6 0 1 0 The Bridgespan Group Inc 535 Boylston Street 10th Floor Boston MA 02116 Consulting Services 352107 U3 Ventures 1735 Market Street Ste A-443 Philadelphia PA 19103 Consulting Services 250001 Pres & Fellows-Harvard College 1250 Massachusetts Avenue Cambridge MA 02138 Consulting Services 205887 UNC at Chapel Hill 1700 MLK Blvd Ste 129 Chapel Hill NC 27599 Consulting Services 178233 csb consulting 1204 Preservation Way Oakland CA 94612 Consulting Services 175500 5 12013634 12013634 Loan fees and interest 900099 89040 89040 89040 486858 486858 24060900 24021801 39099 39099 39099 Miscellaneous 900099 400 400 400 12629031 89040 0 526357 9558616 9558616 686281 467269 99551 119461 1412367 1063489 238598 110280 90026 56267 25539 8220 174823 123847 40524 10452 94120 64059 24588 5473 41567 29887 11680 59334 59334 3420127 3230739 132569 56819 20725 20375 350 171393 27070 143333 990 122497 14041 108456 371842 7487 364355 373495 294207 79288 322487 260257 62230 409542 409542 65111 65111 26207 26207 Bad Debt Expense 36500 36500 Adj-Refundable Advances -100000 -100000 17357060 15663652 1381713 311695 6748905 4316428 2723708 5471078 6031667 6891967 300000 3369950 19820 25371 572646 364061 214150 208585 25938116 20396407 61507 65557 42037873 40745343 1030087 1226161 2421407 1507690 99999 16250000 20500000 17008 8001 19818501 23241852 X 9018372 7438318 13201000 10065173 22219372 17503491 42037873 40745343 X 0 1 1 X 0 X 7487719 16441470 33220806 9222595 12013634 78386224 7487719 16441470 33220806 9222595 12013634 78386224 34946335 43439889 226482 196643 439117 624460 486858 1973560 1859 400 2259 80362043 89231 0.54060 0.61540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 353712 227000 126712 218934 137061 81873 208585 capital lease payable 8001 8001 12629031 17357060 -4728029 12148 12148 -4715881 12641179 12148 12148 12629031 0 12629031 17357060 0 17357060 0 17357060 Part X: Description of Uncertain Tax Positions Under FIN 48: On July 1, 2009, Living Cities adopted the provisions of 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, 2010 and 2009. 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 2006. 1 Green for All 1611 Telegraph Avenue Suite 600 Oakland CA 94612 261140201 501(c)(3) 500000 program grant Say Yes To Education 320 Park Avenue 21st Floor New York NY 10022 223139858 501(c)(3) 50000 program grant Brookings Institution 1775 Massachusetts Avenue NW Washington DC 200362103 530196577 501(c)(3) 100000 program grant Seattle Foundation 1200 Fifth Avenue Suite 1300 Seattle WA 98101 916013536 501(c)(3) 150000 program grant The Fund for Philadelphia 1515 Arch Street Philadelphia PA 19107 232174863 501(c)(3) 85000 program grant Emerald Cities Collaborative Inc 1140 Connecticut Ave NW Suite 1210 Washington DC 20036 270920269 501(c)(3) 100000 program grant City of Charleston PO Box 652 Charleston SC 29402 115 250000 program grant The DC Project 1850 M St NW Suite 1150 Washington DC 20036 270201126 501(c)(3) 175000 program grant Low Income Investment Fund 100 Pine St Suite 1800 San Francisco CA 94111 942952578 501(c)(3) 300000 program grant The Next American City 1315 Walnut Street Suite 902 Philadelphia PA 19107 223886361 501(c)(3) 150000 program grant Community Foundation of New Jersey PO Box 338 Morristown NJ 07963 222281783 501(c)(3) 150000 program grant Neighborhood Housing Services of New Orleans 4700 Freret Street New Orleans LA 70115 720801513 501(c)(3) 150000 program grant The Aspen Institute One Dupont Circle NW Suite 700 Washington DC 20036 840399006 501(c)(3) 180000 program grant AUC Consortium Inc PO Box 92527 Atlanta GA 30314 200950177 501(c)(3) 50000 program grant The Community Foundation for Greater Atlanta 50 Hurt Plaza Southeast Ste 449 Atlanta GA 30303 581344646 501(c)(3) 100000 program grant Baltimore Community Foundation 2 East Read Street 9th Floor Baltimore MD 21202 237180620 501(c)(3) 275000 program grant The Aspen Institute One Dupont Circle NW Suite 700 Washington DC 20036 840399006 501(c)(3) 50000 program grant SHOREBANK ENTERPRISE CASCADIA 1101 SW Washington St Portland OR 97205 911662698 501(c)(3) 300000 program grant Seattle Foundation 1200 Fifth Avenue Suite 1300 Seattle WA 981013151 916013536 501(c)(3) 60000 program grant Enterprise Community Partners Inc 10227 Wincopin Circle American City Building Columbia MD 21044 521231931 501(c)(3) 28000 program grant Washington University Washington University in St Louis Campus Box 1196 St Louis MO 63130 430653661 501(c)(3) 10000 program grant The St Paul Foundation 55 Fifth Street East Suite 600 St Paul MN 55101 416031510 501(c)(3) 40000 program grant Office of Sustainability & Environment PO Box 94728 Seattle WA 981244729 115 70000 program grant Funders Network for Smart Growth and Livable Communities 1500 San Remo Avenue Suite 249 Coral Gables FL 33146 571173613 501(c)(3) 20000 program grant Institute for Sustainable Communities 535 Stone Cutters Way Montpelier VT 05602 223098727 501(c)(3) 250000 program grant City of San Francisco 11 Grove Street San Francisco CA 94102 115 175000 program grant City of St Paul 390 City Hall Saint Paul MN 55102 416005521 115 25000 program grant New Orleans Neighborhood Development Collaborative 1055 St Charles Ave Ste 120 New Orleans LA 70130 721436907 501(c)(3) 125000 program grant Unity of Greater New Orleans 2475 Canal Street Suite 300 New Orleans LA 70119 721222911 501(c)(3) 150000 program grant The St Bernard Project 8324 Parc Place Chalmette LA 70043 262189665 501(c)(3) 125000 program grant Center for American Progress 1333 H Street NW 10th fl Washingon DC 20005 300126510 501(c)(3) 149500 program grant Shorebank Enterprise Group 540 East 105th St Cleveland OH 44118 341757217 501(c)(3) 150000 program grant City of Minneapolis 105 5th Ave S Minneapolis MN 55401 115 125000 program grant Corporation for Enterprise Development 1200 G Street NW Suite 400 Washington DC 20005 521141804 501(c)(3) 24000 program grant Smart Growth America 1707 L St NW Suite 1050 Washington DC 20036 270038938 501(c)(3) 180000 program grant Council on Foundations 2121 Crystal Drive Suite 700 Arlington VA 22202 136068327 501(c)(3) 35000 program grant Local Initiatives Support Corporation 501 Seventh Ave New York NY 10018 133030229 501(c)(3) 2216666 program grant Enterprise Community Partners Inc 10227 Wincopin Circle American City Building Columbia MD 21044 521231931 501(c)(3) 2216666 program grant 38 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Program milestones, periodic reports and financial reprots are required of each grantee 1 X 0 0 0 0 0 0 0 0 0 Ben Hecht 349613 0 0 0 0 0 24499 0 683 0 374795 0 0 0 Robin Hacke 206602 0 0 0 0 0 20192 0 12788 0 239582 0 0 0 Marian Urquilla 156066 0 0 0 0 0 16250 0 7338 0 179654 0 0 0 Neil Kleiman 149813 0 0 0 0 0 15521 0 21966 0 187300 0 0 0 David Lafleur 141536 0 0 0 0 0 14551 0 7526 0 163613 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 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 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 15a The salary and compensation for all employees is fixed in the annual operating budget approved by the board. The compensation of the CEO is reviewed annually by the Executive Committee. 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 2c Oversight of audit There have been no changes during the year in the process for oversight of the audit of the financial statements. Living Cities Catalyst Fund LLC 55 West 125 St New York NY 10027 262987680 PRI Lender DE 476740 23682417 N/A