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← LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE

Form 990 for tax year 2023

Filed by LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE.

Totals

Total revenue
$4,793,031
Total expenses
$13,800,867
Contributions and grants received
$3,857,089
Grants paid
$1,848,951
Program service revenue
$574,929
Investment income
$285,738
Other revenue
$75,275
Total assets, end of year
$40,975,731
Total liabilities, end of year
$20,312,633
Net assets or fund balances, end of year
$20,663,098
Program services expenses (Part IX)
$9,303,025
Management and general expenses
$3,696,830
Fundraising expenses
$801,012
Program service expenses (Part III)
$9,303,025

Program services were 67.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,857,089

  • 2a · Program service revenue: ALL OTHER PROGRAM SERV

    total $574,929 · excluded $574,929

  • 3 · Investment income

    total $298,659 · excluded $298,659

  • 7a · Gross sales of assets other than inventory

    other assets $2,500

  • 7b · Less cost or other basis and sales expenses

    other assets $15,421

  • 7c · Gain or loss

    other assets -$12,921

  • 7d · Net gain or loss

    total -$12,921 · excluded -$12,921

  • 11a · Other revenue: LOAN LOSS RESERVE RECO

    total $43,525 · excluded $43,525

  • 11b · Other revenue: OTHER INCOME

    total $31,750 · excluded $31,750

  • 11e · Other revenue, total

    $75,275

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,848,951 · program services $1,848,951

  • 5 · Compensation of officers, directors and key employees

    total $1,312,050 · program services $258,856 · management and general $252,182 · fundraising $801,012

  • 7 · Other salaries and wages

    total $3,060,974 · program services $1,550,474 · management and general $1,510,500

  • 8 · Pension plan contributions

    total $98,751 · program services $50,020 · management and general $48,731

  • 9 · Other employee benefits

    total $403,769 · program services $204,521 · management and general $199,248

  • 10 · Payroll taxes

    total $302,049 · program services $152,997 · management and general $149,052

  • 11b · Fees: legal

    total $136,268 · program services $70,383 · management and general $65,885

  • 11c · Fees: accounting

    total $73,611 · program services $36,208 · management and general $37,403

  • 11g · Fees: other

    total $3,446,094 · program services $2,936,250 · management and general $509,844

  • 12 · Advertising and promotion

    total $12,789 · program services $6,290 · management and general $6,499

  • 13 · Office expenses

    total $52,503 · program services $25,825 · management and general $26,678

  • 14 · Information technology

    total $266,372 · program services $131,022 · management and general $135,350

  • 16 · Occupancy

    total $625,935 · program services $307,883 · management and general $318,052

  • 17 · Travel

    total $297,430 · program services $162,802 · management and general $134,628

  • 19 · Conferences, conventions and meetings

    total $424,355 · program services $305,067 · management and general $119,288

  • 20 · Interest

    total $324,739 · program services $324,739

  • 22 · Depreciation, depletion and amortization

    total $173,015 · program services $85,102 · management and general $87,913

  • 23 · Insurance

    total $46,018 · program services $22,635 · management and general $23,383

  • 24a · Other expenses: CREDIT LOSS EXPENSES

    total $721,978 · program services $721,978 · management and general $0

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $88,101 · program services $43,335 · management and general $44,766

  • 24c · Other expenses: OTHER EXPENSE

    total $44,990 · program services $32,470 · management and general $12,520

  • 24d · Other expenses: UTILITIES

    total $18,721 · program services $9,208 · management and general $9,513

  • 24e · All other expenses

    total $21,404 · program services $16,009 · management and general $5,395

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,485,391 · end of year $4,640,181

  • 2 · Savings and temporary cash investments

    beginning of year $2,043,422 · end of year $4,240,524

  • 3 · Pledges and grants receivable

    beginning of year $11,590,601 · end of year $7,406,626

  • 7 · Other notes and loans receivable

    beginning of year $14,441,927 · end of year $12,452,090

  • 9 · Prepaid expenses and deferred charges

    beginning of year $173,068 · end of year $71,375

  • 10a · Land, buildings and equipment: cost or other basis

    $1,773,655

  • 10b · Land, buildings and equipment: accumulated depreciation

    $624,325

  • 10c · Land, buildings and equipment, net

    beginning of year $750,975 · end of year $1,149,330

  • 11 · Investments: publicly traded securities

    beginning of year $4,464,813 · end of year $4,393,810

  • 13 · Investments: program-related

    beginning of year $3,461,282 · end of year $2,812,487

  • 15 · Other assets

    beginning of year $2,813,693 · end of year $3,809,308

  • 17 · Accounts payable and accrued expenses

    beginning of year $615,538 · end of year $757,168

  • 18 · Grants payable

    beginning of year $1,254,413 · end of year $1,199,020

  • 24 · Unsecured notes and loans payable

    beginning of year $18,639,966 · end of year $14,759,176

  • 25 · Other liabilities

    beginning of year $2,666,813 · end of year $3,597,269

  • 27 · Net assets without donor restrictions

    beginning of year $14,313,492 · end of year $10,925,540

  • 28 · Net assets with donor restrictions

    beginning of year $15,734,950 · end of year $9,737,558

Mission and programs · 2023

Mission

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.

  • CITY AND COMMUNITY ENGAGEMENT PROGRAMMATIC AREA CONSISTING OF THREE SUB INITIATIVES, WHICH ARE PRACTICE AREAS, STRATEGY AREAS WHICH INCLUDES ENTREPRENEURSHIP AND HOMEOWNERSHIP, AND FIELD BUILDING AND SECTORAL CHANGE. CITY AND COMMUNITY ENGAGEMENT ACKNOWLEDGES THAT THROUGH POLICIES, LAWS, AND PRACTICES THAT CONFERRED ADVANTAGES AND DISADVANTAGES ALONG RACIAL LINES, THE GOVERNMENT HAS PLAYED A LARGE ROLE IN CREATING AND MAINTAINING INEQUITIES THAT HAVE LED TO RACIAL INCOME AND WEALTH GAPS. GOVERNMENT CAN PLAY AN OUTSIZED ROLE IN ADDRESSING THEM. CITY AND COMMUNITY ENGAGEMENT BRINGS TOGETHER LOCAL GOVERNMENT LEADERS FROM UP TO 30 CITIES FROM ACROSS THE COUNTRY WHO ARE COMMITTED TO IMAGINING WHAT AN ANTIRACIST SOCIETY MIGHT LOOK LIKE, AND TO PLAYING AN IMPORTANT ROLE IN BUILDING IT THROUGH TRANSFORMING GOVERNMENT POLICIES, PRACTICES, AND OPERATIONS.

    Expenses $4,819,989 · Grants $1,800,451

  • MEMBER COLLECTIVE ACTIONWORK IN THIS AREA INCLUDES IMPLEMENTING A FIELD-WIDE INFLUENCE STRATEGY AIMED AT SHIFTING THE NARRATIVE AMONG BUSINESS LEADERS TO RECOGNIZE THAT RACIAL EQUITY IS CRITICAL TO LONG-TERM BUSINESS GROWTH AND DEVELOPMENT. THIS WORK IS DONE IN COLLABORATION WITH STAKEHOLDERS ACROSS ALL SECTORS, PUBLIC, PHILANTHROPIC, AND PRIVATE, TO CHANGE BELIEFS AND PRACTICES IN THE BUSINESS WORLD.

    Expenses $1,522,696 · Grants $48,500

  • COMMUNICATIONS AND NARRATIVE CHANGEBY OPEN SOURCING SOCIAL CHANGE, LIVING CITIES WORKS AT THE INTERSECTION OF LEARNING, INFORMATION, STORY, AND TECHNOLOGY TO BRING PEOPLE AND RESOURCES TOGETHER. LEARNING, STORYTELLING AND RESULTS EXPLORES WAYS IN WHICH DATA AND LEARNING STORIES CAN BE GATHERED, ANALYZED, AND USED IN DECISION-MAKING FOR COLLECTIVE IMPACT INITIATIVES. THIS PROJECT DISSEMINATES VARIOUS TOOLS AND RESOURCES TO DEEPEN AND ACCELERATE PROMISING SOLUTIONS TO CLOSING RACIAL INCOME AND WEALTH GAPS.

    Expenses $1,512,209

  • CAPITAL FOR THE NEW MAJORITY

    Expenses $1,448,131

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LISA HAMILTON

    BOARD MEMBER, CHAIR

    Total calculated
    $0
    Hours/week
    2

  • SHANE HARRIS

    BOARD MEMBER, CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TIA HODGES

    BOARD MEMBER, TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DON CHEN

    BOARD MEMBER, SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • BRANDEE MCHALE UNTIL 63024

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHILIP GASKIN UNTIL 123124

    BOARD MEMBER, EXEC COMM

    Total calculated
    $0
    Hours/week
    2

  • JUNE DAVIS UNTIL 123124

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RHEA WILLIAMS-BISHOP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHANTEL RUSH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAWA MITCHELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID NICHOLSON UNTIL 4124

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSAN THOMAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CELINE SUAREZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD BESSER UNTIL 123123

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BETSY KREBS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LYNETTE BELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISA TALMA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FLORENCIA SPAGARO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALLISON BAJRACHARYA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • OPOKUA ODURO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TONYA ALLEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAUREN SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARJORIE PALOMA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOMINIQUE GOSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH SCANTLEBURY

    PRESIDENT & CEO

    Total calculated
    $405,623
    From this org
    $389,854
    From related orgs
    $0
    Other
    $15,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,854
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,769
    Filer's total
    $405,623

  • CHIPO SACHIRARWE

    FORMER, CHIEF OPERATING OFFICER

    Total calculated
    $273,660
    From this org
    $241,612
    From related orgs
    $0
    Other
    $32,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,612
    Bonus
    $71,000
    Other
    $0
    Deferred
    $23,895
    Nontaxable benefits
    $8,153
    Filer's total
    $273,660

  • JULIE BOSLAND

    CHIEF IMPACT OFFICER

    Total calculated
    $277,668
    From this org
    $244,597
    From related orgs
    $0
    Other
    $33,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,097
    Bonus
    $34,500
    Other
    $0
    Deferred
    $19,364
    Nontaxable benefits
    $13,707
    Filer's total
    $277,668

  • SARAH BAINTON

    MANAGING DIRECTOR OF PROGRAMS

    Total calculated
    $215,401
    From this org
    $201,072
    From related orgs
    $0
    Other
    $14,329
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,072
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,329
    Filer's total
    $215,401

  • DEMETRIC DUCKETT

    FORMER, MANAGING DIRECTOR, CAPITAL

    Total calculated
    $139,699
    From this org
    $124,482
    From related orgs
    $0
    Other
    $15,217
    Hours/week
    40

  • ELIZABETH REYNOSO

    FORMER, ASSOCIATE DIRECTOR

    Total calculated
    $167,879
    From this org
    $148,023
    From related orgs
    $0
    Other
    $19,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,023
    Bonus
    $0
    Other
    $0
    Deferred
    $15,007
    Nontaxable benefits
    $4,849
    Filer's total
    $167,879

  • LAKEESHIA FOX

    ASSOCIATE DIRECTOR

    Total calculated
    $226,682
    From this org
    $192,345
    From related orgs
    $0
    Other
    $34,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,084
    Bonus
    $12,261
    Other
    $0
    Deferred
    $18,980
    Nontaxable benefits
    $15,357
    Filer's total
    $226,682

  • SIYADA KIRITA

    ACCOUNTING MANAGER

    Total calculated
    $165,102
    From this org
    $144,058
    From related orgs
    $0
    Other
    $21,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,363
    Bonus
    $9,695
    Other
    $0
    Deferred
    $13,802
    Nontaxable benefits
    $7,242
    Filer's total
    $165,102

  • JULIAN CARRILLO-SANCHEZ

    ASSISTANT DIRECTOR

    Total calculated
    $163,675
    From this org
    $141,056
    From related orgs
    $0
    Other
    $22,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,056
    Bonus
    $3,000
    Other
    $0
    Deferred
    $13,583
    Nontaxable benefits
    $9,036
    Filer's total
    $163,675

  • ANNE-CHRISTIN GRIMME

    SENIOR ASSOCIATE

    Total calculated
    $142,207
    From this org
    $133,910
    From related orgs
    $0
    Other
    $8,297
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ACTIVEST

    $603,250

    FISCAL SPONSORSHIP PASS-THRU GRANTS

  • CITY OF MEMPHIS

    $550,201

    SUBGRANTS FOR BUSINESS STARTS AND GROWTHS AND HOMEOWNERSHIP INITIATIVES

  • URBAN INSTITUTE

    $280,000

    RESEARCH AND DATA COLLECTION TO SUPPORT STRATEGIES TO CLOSE RACIAL INCOME AND WEALTH GAPS

  • THE MIAMI FOUNDATION

    $200,000

    SUPPORT GRANT FOR MIAMI ACTION A PROJECT OF THE INCLUSIVE CAPITAL COUNCIL

  • FII-NATIONAL DBA UPTOGETHER

    $167,000

    SUBGRANT FOR CITY AND COMMUNITY ENGAGEMENT COHORT

  • CHICAGO URBAN LEAGUE

    $25,000

    SUPPORT FOR WEALTH BUILDING EXECUTIVE FELLOW FOR STRATEGIC RESEARCH RELATING TO WEALTH BUILDING INITIATIVES IN CHICAGO

  • ASSET FUNDERS NETWORK

    $10,000

    SPONSORSHIP

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349304749

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