Living Cities Inc The National Community Development Initiative
- Assets
- $48.5m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 46
- Location
- Washington, DC
- Founding
- 03/2002
- Data as of
- 06/2022
- EIN
- 26-0003950
Organization Overview
Living Cities Inc The National Community Development Initiative, operating under the name Living Cities, is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Living Cities employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Cities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Living Cities generated $10.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $11.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Living Cities has awarded 177 individual grants totaling $20,613,407. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLOSING THE GAPS NETWORK - THE CLOSING THE GAPS NETWORK IS A PROGRAMMATIC AREA CONSISTING OF THREE SUB INITIATIVES, WHICH ARE PRACTICE AREAS, STRATEGY AREA, AND FIELD BUILDING AND SECTORAL CHANGE. THE CLOSING THE GAPS NETWORK ACKNOWLEDGES THAT THROUGH POLICIES, LAWS, AND PRACTICES THAT CONFERRED ADVANTAGES AND DISADVANTAGES ALONG RACIAL LINES, 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. THE NETWORK 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.
CAPITAL FOR THE NEW MAJORITY - ACCORDING TO EXISTING DATA TO BETTER UNDERSTAND THE SCALE OF THE RACIAL INCOME AND WEALTH GAPS, CAPITAL IS NOT DISTRIBUTED EQUITABLY. IN A COUNTRY UNDERGOING RAPID DEMOGRAPHIC SHIFTS, ADDRESSING SYSTEMIC RACIAL DISPARITIES IS PARAMOUNT. THIS PROJECT WILL IDENTIFY OPPORTUNITIES TO SHIFT POWER WITHIN THE CAPITAL SYSTEMS AND ACHIEVE BETTER OUTCOMES FOR ALL PEOPLE LIVING IN U.S. CITIES. CAPITAL FOR THE NEW MAJORITY WILL EXPLORE THE CREATION OF A HYBRID EQUITY FUND THAT ADDRESSES THE CAPITAL NEEDS OF FUND MANAGERS OF COLOR, EXAMINE WAYS TO LEVEL THE PLAYING FIELD FOR WEALTH BUILDING, AND LEVERAGE RELATIONSHIPS TO PROMOTE THE DEVELOPMENT OF A COMMUNITY PRACTICE THAT CHANNELS CAPITAL INTO THE HANDS OF FOUNDERS AND FUND MANAGERS OF COLOR.
LEARNING, STORYTELLING AND RESULTS - BY 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 IN AN EFFORT TO DEEPEN AND ACCELERATE PROMISING SOLUTIONS TO CLOSING RACIAL INCOME AND WEALTH GAPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandee Mchale Board Member, Chair | OfficerTrustee | 2 | $0 |
Lata Reddy Board Member, VP Until 30/6/21 | OfficerTrustee | 2 | $0 |
Don Chen Board Member, Treasurer | OfficerTrustee | 2 | $0 |
Joseph Scantlebury President & CEO | OfficerTrustee | 40 | $150,573 |
Lisa Hamilton Board Member | Trustee | 1 | $0 |
Andrew Plepler Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cesc 1730 M Street Llc Office Rent | 6/29/22 | $200,682 |
Teach To Lead Llc Organizational And Leadership Developmen | 6/29/22 | $195,000 |
1040 Avenue Of The Americas Llc Office Rent | 6/29/22 | $137,532 |
Third Space Action Lab Llc Program Dei Consultant | 6/29/22 | $111,000 |
Lisa Fisher Recruiting Services | 6/29/22 | $108,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,979,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,979,900 |
| Total Program Service Revenue | $0 |
| Investment income | $790,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,952,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,200,989 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,110,313 |
| Compensation of current officers, directors, key employees. | $281,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,602,379 |
| Pension plan accruals and contributions | $250,580 |
| Other employee benefits | $414,305 |
| Payroll taxes | $323,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,471 |
| Fees for services: Accounting | $66,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,466,548 |
| Advertising and promotion | $11,131 |
| Office expenses | $18,183 |
| Information technology | $216,177 |
| Royalties | $0 |
| Occupancy | $308,513 |
| Travel | $191,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $391,501 |
| Interest | $558,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,077 |
| Insurance | $39,078 |
| All other expenses | $18,494 |
| Total functional expenses | $11,574,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,281,744 |
| Savings and temporary cash investments | $2,018,095 |
| Pledges and grants receivable | $8,150,964 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,626,854 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,834 |
| Net Land, buildings, and equipment | $399,907 |
| Investments—publicly traded securities | $4,501,568 |
| Investments—other securities | $0 |
| Investments—program-related | $3,343,112 |
| Intangible assets | $0 |
| Other assets | $143,331 |
| Total assets | $48,531,409 |
| Accounts payable and accrued expenses | $672,996 |
| Grants payable | $279,373 |
| Deferred revenue | $279,318 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $20,260,180 |
| Other liabilities | $60,825 |
| Total liabilities | $21,552,692 |
| Net assets without donor restrictions | $12,271,896 |
| Net assets with donor restrictions | $14,706,821 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,531,409 |
Grants Awarded
Over the last fiscal year, Living Cities Inc The National Community Development Initiative has awarded $1,190,989 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVEST PURPOSE: FISCAL SPONSORSHIP PASS-THRU GRANTS | $870,124 |
CENTER FOR COMMUNITY PROGRESS PURPOSE: CEO CIRCLE EVENT 2022 | $20,000 |
URBAN INSTITUTE PURPOSE: RESEARCH AND DATA COLLECTION TO SUPPORT STRATEGIES TO CLOSE RACIAL INCOME AND WEALTH GAPS. | $265,865 |
HISPANICS IN PHILANTHROPY PURPOSE: CHAMPION LEVEL MEMBERSHIP | $10,000 |
WELSTAND FOUNDATION PURPOSE: GRANT FOR SUPPORTING CITY OF ALBUQUERQUE AS PART OF THE CITY'S PARTICIPATION IN THE CTG YEAR OF RECKONING COHORT. | $10,000 |
CITY OF ST PAUL PURPOSE: FOR CTG NETWORK YEAR OF RECKONING AND HEALING JUSTICE PRACTICE | $15,000 |