LOCAL INITIATIVES SUPPORT CORPORATION | LISC LOUISVILLE
Louisville, KY | Jefferson County
Revitalization/Stabilization
Overview
LOCAL INITIATIVES SUPPORT CORPORATION | LISC LOUISVILLE
13-3030229
Louisville, KY
Jefferson County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Revitalization/Stabilization
Nonprofit location
- This nonprofit is not located in any CRA geographies.
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
S20
S - Community Improvement, Capacity Building
Community & Neighborhood Development
Organizations that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of an urban community or neighborhood. Use this code for community and neighborhood improvement organizations other than those specified below.
IRS Activity Codes
602
Gifts, grants, or loans to other organizations
603
Non-financial services of facilities to other organizations
400
Area development, redevelopment or renewal
Standard Business Classification (NAICS Code)
813410
Civic and Social Organizations
CRA Alignment
CRA Category
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Date Certified
9/17/2013
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2016 | $4,800,000 | Capital Magnet Fund | Local Initiatives Support Corporation |
| 2017 | $7,500,000 | Capital Magnet Fund | Local Initiatives Support Corporation |
| 2020 | $7,500,000 | Capital Magnet Fund | Local Initiatives Support Corporation |
| 2013 | $1,347,000 | CDFI Financial Assistance | Local Initiatives Support Corporation |
| 2014 | $2,000,000 | CDFI Financial Assistance | Local Initiatives Support Corporation |
| 2015 | $1,000,000 | CDFI Financial Assistance | Local Initiatives Support Corporation |
| 2016 | $1,000,000 | CDFI Financial Assistance | Local Initiatives Support Corporation |
| 2017 | $916,905 | CDFI Financial Assistance | Local Initiatives Support Corporation |
| 2018 | $700,000 | CDFI Financial Assistance | Local Initiatives Support Corporation |
| 2021 | $690,000 | CDFI Financial Assistance | Local Initiatives Support Corporation |
| 2021 | $1,826,265 | CDFI Rapid Response Program (COVID-19) | Local Initiatives Support Corporation |
| 2015 | $3,000,000 | Healthy Food Financial Initiative Financial Assistance | Local Initiatives Support Corporation |
| 2016 | $3,000,000 | Healthy Food Financial Initiative Financial Assistance | Local Initiatives Support Corporation |
| 2017 | $1,500,000 | Healthy Food Financial Initiative Financial Assistance | Local Initiatives Support Corporation |
| 2021 | $2,750,000 | Healthy Food Financial Initiative Financial Assistance | Local Initiatives Support Corporation |
| 2013 | $60,000,000 | New Markets Tax Credit | Local Initiatives Support Corporation |
| 2014 | $70,000,000 | New Markets Tax Credit | Local Initiatives Support Corporation |
| 2016 | $85,000,000 | New Markets Tax Credit | Local Initiatives Support Corporation |
| 2018 | $60,000,000 | New Markets Tax Credit | Local Initiatives Support Corporation |
| 2019 | $50,000,000 | New Markets Tax Credit | Local Initiatives Support Corporation |
| 2020 | $65,000,000 | New Markets Tax Credit | Local Initiatives Support Corporation |
| 2021 | $40,000,000 | New Markets Tax Credit | Local Initiatives Support Corporation |
Includes CDFI Fund awards granted between January 2013 and December 2023
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$382M
Revenue
$290.2M
Assets
$1.4B
IRS Business Master File Details
As of August 2024
Exempt Ruling Date
1980-12
Deductibility Status
Deductible
Last Tax Filing
2022
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of August 2024
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through August 2023
Tax period ending in
2021-12
Tax period ending in
2020-12
Tax period ending in
2015-12
Tax period ending in
2014-12
Nonprofit Location
Physical Address
Louisville, KY
Jefferson County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
31140
MSA/MD
21
State
111
County
Tract
Unknown
Income Level
Core-Based Statistical Area
31140 - Louisville/Jefferson County, KY-IN
Combined Statistical Area
350 - Louisville/Jefferson County--Elizabethtown, KY-IN
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
0.00%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
| Census Tract | County | |
|---|---|---|
| Jefferson County | ||
| Population | ||
| Total Population | ||
| Total Households | ||
| Income | ||
| Median Income* | ||
| Median Family Income ( FFIEC est.) | ||
| Tract Income Percentage | N/A | |
| Below Poverty Level | ||
| Unemployment Level | ||
| Housing | ||
| Total Housing Units | ||
| Total Owner-Occupied Units | ||
| Total Renter-Occupied Units | ||
| Total Vacant Units | ||
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the FFIEC Census Flat File. County Income based on Median Household Income as reported in the American Community Survey.
Management
26
Total Voting Members
in Governing Body
in Governing Body
25
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Lily Lim
Senior Vice President
(212) 455-9869
Senior Vice President
(212) 455-9869
Principal Officer
Maurice Jones
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is not available as the nonprofit did not e-file their tax return. As such, the hyphens (“-“) in this section indicate that the information was not available.
PDFs of this nonprofit's tax filings are included in the IRS Summary section above, when available from the IRS.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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