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Nonprofiteer
← LOW INCOME INVESTMENT FUND

Form 990 for tax year 2022

Filed by LOW INCOME INVESTMENT FUND.

Totals

Total revenue
$107,952,700
Total expenses
$102,910,131
Contributions and grants received
$69,875,720
Grants paid
$55,148,088
Program services expenses (Part IX)
$88,614,432
Management and general expenses
$11,685,004
Fundraising expenses
$2,610,695
Program service expenses (Part III)
$88,614,432

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • REYMUNDO OCANAS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL BRUEMMER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DIONNE NELSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARGARET ANADU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAWANNA BLACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EILEEN FITZGERALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FLEMING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONNA GAMBRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CALVIN GLADNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM C KELLY JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL NAUGHTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSICA SAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SOLOMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL NISSENBAUM

    DIRECTOR & CEO

    Total calculated
    $784,895
    From this org
    $715,566
    From related orgs
    $0
    Other
    $69,329
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $515,566
    Bonus
    $200,000
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $57,129
    Filer's total
    $784,895

  • KIMBERLY LATIMER-NELLIGAN

    PRESIDENT

    Total calculated
    $526,328
    From this org
    $488,987
    From related orgs
    $0
    Other
    $37,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $378,987
    Bonus
    $110,000
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $25,141
    Filer's total
    $526,328

  • SABRINA BAPTISTE

    CAO & SENIOR VP (UNTIL 1/26/23)

    Total calculated
    $300,362
    From this org
    $256,916
    From related orgs
    $0
    Other
    $43,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,916
    Bonus
    $15,000
    Other
    $0
    Deferred
    $10,474
    Nontaxable benefits
    $32,972
    Filer's total
    $300,362

  • MARIA ARELLANO BAGLIERI

    EVP & CHIEF STRATEGY OFFICER

    Total calculated
    $325,732
    From this org
    $291,982
    From related orgs
    $0
    Other
    $33,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,982
    Bonus
    $45,000
    Other
    $0
    Deferred
    $10,649
    Nontaxable benefits
    $23,101
    Filer's total
    $325,732

  • PANAGIOTA MAHENDRU

    CFO & EVP

    Total calculated
    $297,140
    From this org
    $266,381
    From related orgs
    $0
    Other
    $30,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,381
    Bonus
    $10,000
    Other
    $0
    Deferred
    $10,354
    Nontaxable benefits
    $20,405
    Filer's total
    $297,140

  • DENISE NOEL

    EVP & GENERAL COUNSEL

    Total calculated
    $223,465
    From this org
    $201,096
    From related orgs
    $0
    Other
    $22,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,096
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,144
    Nontaxable benefits
    $14,225
    Filer's total
    $223,465

  • RACHEL L BLUESTEIN

    SVP, CHIEF PROGRAM OFFICER

    Total calculated
    $377,864
    From this org
    $312,099
    From related orgs
    $0
    Other
    $65,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,295
    Bonus
    $73,804
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $53,565
    Filer's total
    $377,864

  • SUSAN HYMAN

    SVP, CHIEF CREDIT OFFICER

    Total calculated
    $340,934
    From this org
    $301,131
    From related orgs
    $0
    Other
    $39,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,431
    Bonus
    $51,700
    Other
    $0
    Deferred
    $12,173
    Nontaxable benefits
    $27,630
    Filer's total
    $340,934

  • STEPHANIE MCFADDEN

    SVP, CHIEF LENDING OFFICER

    Total calculated
    $355,119
    From this org
    $287,376
    From related orgs
    $0
    Other
    $67,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,376
    Bonus
    $48,000
    Other
    $0
    Deferred
    $11,688
    Nontaxable benefits
    $56,055
    Filer's total
    $355,119

  • KIRSTEN SHAW

    VP, NORTHEAST & MID-ATLANTIC REGIONS

    Total calculated
    $285,081
    From this org
    $273,092
    From related orgs
    $0
    Other
    $11,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,520
    Bonus
    $44,572
    Other
    $0
    Deferred
    $10,924
    Nontaxable benefits
    $1,065
    Filer's total
    $285,081

  • ANTOINETTE L KYLE

    VP, SOUTHEAST REGION

    Total calculated
    $299,781
    From this org
    $244,428
    From related orgs
    $0
    Other
    $55,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,428
    Bonus
    $41,000
    Other
    $0
    Deferred
    $9,889
    Nontaxable benefits
    $45,464
    Filer's total
    $299,781

  • ARTHUR FATUM

    FORMER INTERIM CFO

    Total calculated
    $103,225
    From this org
    $103,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,225
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $103,225

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 — 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
LIIF REIMBURSES EMPLOYEES FOR HEALTH CLUB MEMBERSHIPS UP TO A MONTHLY CAP AMOUNT OF $50. THIS BENEFIT IS INCLUDED IN EACH EMPLOYEE'S TAXABLE COMPENSATION.
PART I, LINE 7
A BONUS POOL IS ESTABLISHED FOR EACH FISCAL YEAR. EACH EMPLOYEE IS ELIGIBLE FOR A BONUS AT A FIXED PERCENTAGE. MANAGEMENT MAY PROVIDE ADDITIONAL BONUS COMPENSATION AT THE DISCRETION OF THE BOARD.

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202401319349303775

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.