Civic Intelligence

Legacy Redevelopment Corporation

EIN 31-1724109 • 501(c)3 • Milwaukee, WI

Profile

Legacy Redevelopment Corporation (LRC) is a non-profit Community Development Financial Institution (CDFI) revolving loan fund whose mission is to enhance neighborhood vitality, facilitate a sustainable and economically diverse community, and build wealth through the design and implementation of innovative finance programs in the City of Milwaukee.

1536 W North AvenueMilwaukee, WI 53205

www.lrcmke.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.73x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

3.52x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

41st percentile

2.5%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

69th percentile

18%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$11,440,598

Up $547,290 (+5.0%) from 2022

Liabilities

Down

$8,335,384

Down $1,101,104 (-12%) from 2022

Net Assets

Up

$3,105,214

Up $1,648,394 (+113%) from 2022

Operations
Liabilities / Revenue92nd percentileNet Margin73rd percentile

Revenue

Up

$2,366,182

Up $667,172 (+39%) from 2022

Expenses

Up

$1,911,924

Up $558,145 (+41%) from 2022

Net Income

Up

$454,258

Up $109,027 (+32%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2014: $3,904,811Liabilities 2014: $2,893,596Net Assets 2014: $1,011,2152014Assets 2015: $4,825,979Liabilities 2015: $3,827,447Net Assets 2015: $998,5322015Assets 2017: $4,305,726Liabilities 2017: $3,347,158Net Assets 2017: $958,5682017Assets 2018: $9,705,966Liabilities 2018: $8,756,050Net Assets 2018: $949,9162018Assets 2019: $9,482,830Liabilities 2019: $8,621,159Net Assets 2019: $861,6712019Assets 2020: $10,090,089Liabilities 2020: $9,143,200Net Assets 2020: $946,8892020Assets 2021: $10,634,504Liabilities 2021: $9,522,915Net Assets 2021: $1,111,5892021Assets 2022: $10,893,308Liabilities 2022: $9,436,488Net Assets 2022: $1,456,8202022Assets 2024: $11,440,598Liabilities 2024: $8,335,384Net Assets 2024: $3,105,2142024

Highlighted filing

2024

Assets$11,440,598
Liabilities$8,335,384
Net Assets$3,105,214
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,104,596Expenses 2014: $864,239Net Income 2014: $240,3572014Revenue 2015: $711,420Expenses 2015: $724,103Net Income 2015: -$12,6832015Revenue 2017: $656,385Expenses 2017: $594,238Net Income 2017: $62,1472017Revenue 2018: $639,932Expenses 2018: $648,584Net Income 2018: -$8,6522018Revenue 2019: $827,961Expenses 2019: $916,206Net Income 2019: -$88,2452019Revenue 2020: $945,824Expenses 2020: $860,606Net Income 2020: $85,2182020Revenue 2021: $972,706Expenses 2021: $808,006Net Income 2021: $164,7002021Revenue 2022: $1,699,010Expenses 2022: $1,353,779Net Income 2022: $345,2312022Revenue 2024: $2,366,182Expenses 2024: $1,911,924Net Income 2024: $454,2582024

Highlighted filing

2024

Revenue$2,366,182
Expenses$1,911,924
Net Income$454,258
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$11,440,598
Liabilities
$8,335,384
Net assets
$3,105,214
Revenue
$2,366,182
Expenses
$1,911,924
Net income
$454,258
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$8.34$3.11$2.37$1.91$0.45
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$9.44$1.46$1.70$1.35$0.35
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$9.52$1.11$0.97$0.81$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$9.14$0.95$0.95$0.86$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.48$8.62$0.86$0.83$0.92$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.71$8.76$0.95$0.64$0.65$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.31$3.35$0.96$0.66$0.59$0.06
2015Detailed filing. Detailed filing data is available for this year.$4.83$3.83$1.00$0.71$0.72$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.90$2.89$1.01$1.10$0.86$0.24
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$1,699,010
Mission and Program Overview

Mission

Legacy redevelopment corporation (lrc) is a non-profit community development financial institution (cdfi) revolving loan fund whose mission is to enhance neighborhood vitality, facilitate a sustainable and economically diverse community, and build wealth through the design and implementation of innovative finance programs in the city of milwaukee.

To enhance neighborhood vitality, facilitate a sustainable and economically diverse community, and build wealth through the design and implementation of innovative finance programs in the city of milwaukee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,324,537$7,992,953▼ $331,584
Savings and Temporary Cash Investments$1,472,902$1,180,226▼ $292,676
Cash and Non-Interest-Bearing Accounts$714,517$1,144,437▲ $429,920
Accounts Receivable$76,996$375,263▲ $298,267
Prepaid Expenses and Deferred Charges$15,432$15,784▲ $352
Land, Buildings, and Equipment, Net$5,226$3,173▼ $2,053
Total Assets$10,634,504$10,893,308▲ $258,804
Other Assets Total$24,894$181,472▲ $156,578
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,217,315$8,359,929▲ $142,614
Deferred Revenue$1,278,029$1,002,697▼ $275,332
Accounts Payable and Accrued Expenses$26,974$69,949▲ $42,975
Escrow Account Liability$597$3,913▲ $3,316
Total Liabilities$9,522,915$9,436,488▼ $86,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,060,022$1,440,040▲ $380,018
Net Assets With Donor Restrictions$51,567$16,780▼ $34,787
Total Net Assets Fund Balance$1,111,589$1,456,820▲ $345,231
Total Liabilities and Net Assets / Fund Balance$10,634,504$10,893,308▲ $258,804

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,173$11,584$14,757
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terese CaroCEOFT$104,067$19,800$123,867

Board Members and Trustees

NameTitle
Richard W LincolnChair
John a Erich EsqVice Chair
Dr George HintonDirector
Nicole L RobbinsDirector
Sally R PeltzDirector
Troy L ReeseDirector
Marjorie RuckerSecretary
Mike KatzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,240,449
Program Service Revenue
$49,155
Investment Income
$408,806
Other Revenue
$600
All Other Contributions
$128,673
Change in Net Assets
$345,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$608,657
Salaries, Compensation, and Employee Benefits$400,122
Grants and Similar Amounts Paid$345,000
Total Fundraising Expense$27,095
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$345,000--$345,000
Interest$314,577--$314,577
Other Salaries and Wages$176,774$16,485$11,760$205,019
Current Officers, Directors, Trustees, and Key Employees$103,790$13,520$6,557$123,867
Occupancy$22,178$23,927$1,242$47,347
Other Employee Benefits$43,054$2,376$1,796$47,226
Fees for Services Other$29,483$14,763-$44,246
Fees for Services Accounting$34,210$2,890$1,870$38,970
Payroll Taxes$20,740$1,900$1,370$24,010
Information Technology$1,093$17,137-$18,230
Advertising$7,030$8,379-$15,409
Insurance$20$10,956-$10,976
Conferences and Meetings$2,432$3,583-$6,015
Office Expenses$1,676$3,132-$4,808
All Other Expenses$2,898$1,823-$4,721
Other Expenses$2,000$80$1,000$3,080
Depreciation Depletion$208$2,053-$2,261
Fees for Services Legal$2,057--$2,057
Travel$860$73-$933
Total Functional Expenses$1,190,126$136,558$27,095$1,353,779
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
AloekuiMilwaukee, WI-Loan Forgiveness$20,000
Colorful ConnectionsMilwaukee, WI-Loan Forgiveness$20,000
Diamond Maid CleaningMilwaukee, WI-Loan Forgiveness$20,000
Emerging MusicMilwaukee, WI-Loan Forgiveness$20,000
Ews ElectricMilwaukee, WI-Loan Forgiveness$20,000
G DelgadoMilwaukee, WI-Loan Forgiveness$20,000
GilibraltarMilwaukee, WI-Loan Forgiveness$20,000
Imperial TruckMilwaukee, WI-Loan Forgiveness$20,000
Ivorena TaylorMilwaukee, WI-Loan Forgiveness$20,000
JO'S LEARNING ACADEMYMilwaukee, WI-Loan Forgiveness$20,000
New HorizonMilwaukee, WI-Loan Forgiveness$20,000
RelentlessMilwaukee, WI-Loan Forgiveness$20,000
Rise and GrindMilwaukee, WI-Loan Forgiveness$20,000
Tpf LandscapingMilwaukee, WI-Loan Forgiveness$20,000
Uptowner MkeMilwaukee, WI-Loan Forgiveness$20,000
Wright HouseMilwaukee, WI-Loan Forgiveness$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Line 11b explanation - the board reviewed the 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each year all board members review the conflict of interest policy, and certification forms.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Legacy Redevelopment Corporation
EIN
31-1724109
Phone
4143430163
Address
1536 W NORTH AVENUE, MILWAUKEE, WI 53205

Signing Officer

Name
Terese Caro
Title
CEO/president
Phone
4143430163
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terese Caro
Formed
2000
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
15

Preparer

Firm
Ritz Holman Llp
Address
330 E KILBOURN AVE SUITE 550, MILWAUKEE, WI 53202
Preparer
Renee Messing
Phone
4142711451
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes from prior year”

Financial Statement Notes

PART IV, LINE 2B:

“The organization holds escrow balances in connection with loan accounts for payment of real estate taxes.”

PART X, LINE 2:

“The organization is exempt from income tax under section 501(c)(3) of the internal revenue code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of december 31, 2022, the organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The organization does not anticipate any significant changes to unrecognized income tax benefits over the next year.”

Raw XML AppendixShowing 400 of 644 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt026974
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt069949
IRS990/AccountsReceivableGrp/BOYAmt076996
IRS990/AccountsReceivableGrp/EOYAmt0375263
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ENHANCE NEIGHBORHOOD VITALITY, FACILITATE A SUSTAINABLE AND ECONOMICALLY DIVERSE COMMUNITY, AND BUILD WEALTH THROUGH THE DESIGN AND IMPLEMENTATION OF INNOVATIVE FINANCE PROGRAMS IN THE CITY OF MILWAUKEE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08379
IRS990/AdvertisingGrp/ProgramServicesAmt07030
IRS990/AdvertisingGrp/TotalAmt015409
IRS990/AllOtherContributionsAmt0128673
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01823
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02898
IRS990/AllOtherExpensesGrp/TotalAmt04721
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LAKEYTHEIA STRIBLING-DANTZLER
IRS990/BooksInCareOfDetail/PhoneNum04143430163
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01536 W NORTH AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MILWAUKEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053205
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0714517
IRS990/CashNonInterestBearingGrp/EOYAmt01144437
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt06557
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt013520
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0103790
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0123867
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03583
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IRS990/ConferencesMeetingsGrp/TotalAmt06015
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01240449
IRS990/CYGrantsAndSimilarPaidAmt0345000
IRS990/CYInvestmentIncomeAmt0408806
IRS990/CYOtherExpensesAmt0608657
IRS990/CYOtherRevenueAmt0600
IRS990/CYProgramServiceRevenueAmt049155
IRS990/CYRevenuesLessExpensesAmt0345231
IRS990/CYSalariesCompEmpBnftPaidAmt0400122
IRS990/CYTotalExpensesAmt01353779
IRS990/CYTotalFundraisingExpenseAmt027095
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01699010
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01278029
IRS990/DeferredRevenueGrp/EOYAmt01002697
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02053
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0208
IRS990/DepreciationDepletionGrp/TotalAmt02261
IRS990/Desc0LEGACY REDEVELOPMENT CORPORATION CONTINUED TO PROVIDE LOAN CAPITAL AND TECHNICAL ASSISTANCE TO ITS LOAN CLIENTS WITH THE GOAL TO STRENGTHEN THE BUSINESSES IN THE AREAS WHERE IMPROVEMENTS WERE IDENTIFIED. THE GOAL, TO GET THE LOAN CLIENTS BANKABLE. IN 2021, LRC PROVIDED 45 LOANS TO SMALL BUSINESSES AND NON-PROFIT ORGANIZATIONS EXCEEDING $1.88MM. THE 2021 PORTFOLIO WAS COMPRISED OF DIRECT LENDING TO SMALL BUSINESSES EFFECTED BY THE PANDEMIC, AN EXPANSION INTO THE RACINE MARRKET, A PARTNERSHIP WITH THE GREATER MILWAUKEE FOUNDATION AND NEW LOAN DEALS AS A RESULT OF THE ECONOMIC TURNAROUND, POST PANDEMIC. JOB RETENTION AND CREATION WAS ATTAINED IN ADDITION TO WORKING WITH MINORITY OWNED BUSINESSES AS A FOCUS OF OUR MISSION. OVER 95% OF THE LOANS SERVE THE LOW TO MODERATE INCOME COMMUNITY.WE PROVIDED ONE-ON-ONE TECHNICAL ASSISTANCE (TA) TO BUSINESS STARTUPS AND EXPANSIONS THAT ARE CUSTOMIZED TO THE NEEDS OF THE BORROWERS. THE TA PROVIDED RANGED FROM FINANCIAL EDUCATION TO SUCCESSION PLANNING, ETC.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
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IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
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IRS990/FamilyOrBusinessRlnInd00
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IRS990/FederalGrantAuditRequiredInd01
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IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt034210
IRS990/FeesForServicesAccountingGrp/TotalAmt038970
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IRS990/FeesForServicesLegalGrp/TotalAmt02057
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IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm4MIKE KATZ
IRS990/Form990PartVIISectionAGrp/PersonNm5MARJORIE RUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm6DR GEORGE HINTON
IRS990/Form990PartVIISectionAGrp/PersonNm7NICOLE L ROBBINS
IRS990/Form990PartVIISectionAGrp/PersonNm8TERESE CARO
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt01111776
IRS990/GrantAmt0345000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0345000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0345000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01699010
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt017137
IRS990/InformationTechnologyGrp/ProgramServicesAmt01093
IRS990/InformationTechnologyGrp/TotalAmt018230
IRS990/InsuranceGrp/ManagementAndGeneralAmt010956
IRS990/InsuranceGrp/ProgramServicesAmt020
IRS990/InsuranceGrp/TotalAmt010976
IRS990/InterestGrp/ProgramServicesAmt0314577
IRS990/InterestGrp/TotalAmt0314577
IRS990/InvestmentIncomeGrp/ExclusionAmt0193
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0408613
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0408806
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011584
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05226
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03173
IRS990/LandBldgEquipCostOrOtherBssAmt014757
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LEGACY REDEVELOPMENT CORPORATION (LRC) IS A NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) REVOLVING LOAN FUND WHOSE MISSION IS TO ENHANCE NEIGHBORHOOD VITALITY, FACILITATE A SUSTAINABLE AND ECONOMICALLY DIVERSE COMMUNITY, AND BUILD WEALTH THROUGH THE DESIGN AND IMPLEMENTATION OF INNOVATIVE FINANCE PROGRAMS IN THE CITY OF MILWAUKEE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08217315
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08359929
IRS990/NetAssetsOrFundBalancesBOYAmt01111589
IRS990/NetAssetsOrFundBalancesEOYAmt01456820
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01060022
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01440040
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01242
IRS990/OccupancyGrp/ManagementAndGeneralAmt023927
IRS990/OccupancyGrp/ProgramServicesAmt022178
IRS990/OccupancyGrp/TotalAmt047347
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03132
IRS990/OfficeExpensesGrp/ProgramServicesAmt01676
IRS990/OfficeExpensesGrp/TotalAmt04808
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024894
IRS990/OtherAssetsTotalGrp/EOYAmt0181472
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01796
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02376
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043054
IRS990/OtherEmployeeBenefitsGrp/TotalAmt047226
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE
IRS990/OtherExpensesGrp/Desc1EQUIP RENTAL & MAINTENA
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt01500
IRS990/OtherExpensesGrp/FundraisingAmt11000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0480
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113001
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt280
IRS990/OtherExpensesGrp/ProgramServicesAmt060000
IRS990/OtherExpensesGrp/ProgramServicesAmt117527
IRS990/OtherExpensesGrp/ProgramServicesAmt22519
IRS990/OtherExpensesGrp/ProgramServicesAmt32000
IRS990/OtherExpensesGrp/TotalAmt060000
IRS990/OtherExpensesGrp/TotalAmt118007
IRS990/OtherExpensesGrp/TotalAmt217020
IRS990/OtherExpensesGrp/TotalAmt33080
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0600
IRS990/OtherRevenueTotalAmt0600
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011760
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016485
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0176774
IRS990/OtherSalariesAndWagesGrp/TotalAmt0205019
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08324537
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07992953
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01370
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01900
IRS990/PayrollTaxesGrp/ProgramServicesAmt020740
IRS990/PayrollTaxesGrp/TotalAmt024010
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015432
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015784
IRS990/PrincipalOfficerNm0TERESE CARO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt049155
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt049155
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0471378
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01040
IRS990/PYInvestmentIncomeAmt0416062
IRS990/PYOtherExpensesAmt0499676
IRS990/PYOtherRevenueAmt0854
IRS990/PYProgramServiceRevenueAmt084412
IRS990/PYRevenuesLessExpensesAmt0164700
IRS990/PYSalariesCompEmpBnftPaidAmt0307290
IRS990/PYTotalExpensesAmt0808006
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0972706
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0345231
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0457768
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01472902
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01180226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01240449
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0471378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0488823
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0340364
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0211575
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02752589
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0193
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0424
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0479608
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0419749
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0900062
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01497103
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0600
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0854
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0375
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01455
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03284
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75290
IRS990ScheduleA/PublicSupportPY170Pct00.59400
IRS990ScheduleA/PublicSupportTotal170Amt02752589
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01240449
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0471378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0488823
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0340364
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0211575
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02752589
IRS990ScheduleA/TotalSupportAmt03655935
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03173
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011584
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014757
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS ESCROW BALANCES IN CONNECTION WITH LOAN ACCOUNTS FOR PAYMENT OF REAL ESTATE TAXES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2022, THE ORGANIZATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03173
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt320000
IRS990ScheduleI/RecipientTable/CashGrantAmt420000
IRS990ScheduleI/RecipientTable/CashGrantAmt520000
IRS990ScheduleI/RecipientTable/CashGrantAmt620000
IRS990ScheduleI/RecipientTable/CashGrantAmt720000
IRS990ScheduleI/RecipientTable/CashGrantAmt820000
IRS990ScheduleI/RecipientTable/CashGrantAmt920000
IRS990ScheduleI/RecipientTable/CashGrantAmt1020000
IRS990ScheduleI/RecipientTable/CashGrantAmt1120000
IRS990ScheduleI/RecipientTable/CashGrantAmt1220000
IRS990ScheduleI/RecipientTable/CashGrantAmt1320000
IRS990ScheduleI/RecipientTable/CashGrantAmt1420000
IRS990ScheduleI/RecipientTable/CashGrantAmt1520000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt100
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt110
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt120
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt130
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt140

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