LOW INCOME INVESTMENT FUND Charity Report

Public IRS 990 nonprofit record

LOW INCOME INVESTMENT FUND

EIN 94-2952578 · Housing & Shelter (L820)

What they do

SEE SCHEDULE OHEADQUARTERED IN SAN FRANCISCO, WITH HIGHLY PRODUCTIVE REGIONAL OFFICES ALSO IN LOS ANGELES, NEW YORK, WASHINGTON DC, and ATLANTA, LIIF SUPPORTS ORGANIZATIONS WORKING to REVITALIZE LOW- INCOME NEIGHBORHOODS THROUGHOUT THE UNITED STATES. to STRENGTHEN COMMUNITIES , WE DEPLOYCAPITAL to SUPPORT HIGH- IMPACT COMMUNITY DEVELOPMENT PROJECTS, INCLUDING AFFORDABLE HOUSING, EARLY CARE and EDUCATION CENTERS, and OTHER FACILITIES SUCH AS CHARTER SCHOOLS and FEDERALLY QUALIFIED HEALTH CENTERS.LIIF is CREATING and PRESERVING HOUSING OPTIONS for INDIVIDUALS and FAMILIES VIA CAPITAL SOLUTIONS, PROGRAMS and POLICY. SINCE INCEPTION IN 1984, LIIF HAS INVESTED OVER $3.9 BILLION IN COMMUNITIES, SERVING 2.6 MILLION PEOPLE. THIS REPRESENTS 108,230+ AFFORDABLE HOUSING UNITS THATWERE CREATED or PRESERVED to CREATE A LASTING IMPACT and ADDRESS MARKET ECONOMIC UNCERTAINTIES. SUCCESS is MEASURED BASED ON ECONOMIC IMPACT DATA THAT ACCELERATES THE CREATION of COMMUNITIES of OPPORTUNITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

45.85%of revenue went to mission work78.0% of expenses · Program services

2.21%of revenue went to fundraising3.8% of expenses

$58.78spent for every $100 of revenueRevenue covered expenses this year.

10.72%of revenue went to management and office costs18.2% of expenses

$10.84in assets for every $1 spent this yearSome assets cannot be spent right away.

56.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $678,805 for DANIEL NISSENBAUM (DIRECTOR & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$123,432,648

Mission workProgram services$56,597,22245.85% of revenue78.0% of expenses

ManagementOffice and general costs$13,227,75510.72% of revenue18.2% of expenses

FundraisingAsking for donations$2,726,9632.21% of revenue3.8% of expenses

Revenue left after expensesReported annual surplus$50,880,70841.22% of revenueShown in gray on the chart

Total expenses$72,551,94058.78% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.0% mission · 18.2% management · 3.8% fundraisingTotal expenses: 58.78% of revenue

2023Expense mix: 81.5% mission · 14.5% management · 4.0% fundraisingTotal expenses: 92.65% of revenue

2022Expense mix: 86.1% mission · 11.4% management · 2.5% fundraisingTotal expenses: 95.33% of revenue

2021Expense mix: 72.2% mission · 24.3% management · 3.5% fundraisingTotal expenses: 88.83% of revenue

2020Expense mix: 84.6% mission · 12.7% management · 2.8% fundraisingTotal expenses: 82.62% of revenue

2019Expense mix: 78.7% mission · 16.9% management · 4.4% fundraisingTotal expenses: 77.59% of revenue

2018Expense mix: 79.7% mission · 17.2% management · 3.1% fundraisingTotal expenses: 82.91% of revenue

2017Expense mix: 78.7% mission · 16.6% management · 4.7% fundraisingTotal expenses: 87.62% of revenue

Money in and money out

Revenue$123,432,648

Expenses$72,551,940

Annual surplus $50,880,708 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$56,597,222 · 78.0% of expenses

Management and office costs$13,227,755 · 18.2% of expenses

Fundraising$2,726,963 · 3.8% of expenses

See all reported dollar amounts

Revenue$123,432,648

Expenses$72,551,940

Assets$786,532,068

Income$141,050,905

Contributions$70,136,586

Mission work (program services)$56,597,222

Fundraising$2,726,963

Grants given$161,232,875

Average grant$108,794

Management and general$13,227,755

Executive compensation (total)$1,979,935

Stocks and bonds$15,462,817

Accounting fees$386,057

Investing fees$73,814

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DANIEL NISSENBAUMDIRECTOR & CEO · 40 hrs/week $678,805Base $626,756 · Other $52,049

KIMBERLY LATIMER-NELLIGANPRESIDENT · 40 hrs/week $463,926Base $430,622 · Other $33,304

PANAGIOTA MAHENDRUCFO & EVP · 40 hrs/week $435,098Base $383,049 · Other $52,049

DENISE NOELEVP & GENERAL COUNSEL · 40 hrs/week $342,118Base $302,442 · Other $39,676

RACHEL L BLUESTEINSVP, CHIEF PROGRAM OFFICER · 40 hrs/week $341,819Base $280,461 · Other $61,358

STEPHANIE MCFADDENSVP, CHIEF LENDING OFFICER · 40 hrs/week $340,549Base $292,334 · Other $48,215

SUSAN HYMANSVP, CHIEF CREDIT OFFICER · 40 hrs/week $328,598Base $298,508 · Other $30,090

MARY GARLINGSVP, NATIONAL EARLY CARE EDUCATION · 40 hrs/week $319,499Base $282,204 · Other $37,295

TINA WALKEREVP & CHIEF PEOPLE OFFICER · 40 hrs/week $312,027Base $276,460 · Other $35,567

CHRISTINA SHIWBALAKVP, OPERATIONS · 40 hrs/week $301,602Base $273,158 · Other $28,444

MARIA ARELLANO BAGLIERIEVP & CHIEF STRATEGY OFFICER · 40 hrs/week $212,199Base $180,363 · Other $31,836

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

DANIEL NISSENBAUMDIRECTOR & CEO

KIMBERLY LATIMER-NELLIGANPRESIDENT

PANAGIOTA MAHENDRUCFO & EVP

DENISE NOELEVP & GENERAL COUNSEL

RACHEL L BLUESTEINSVP, CHIEF PROGRAM OFFICER

STEPHANIE MCFADDENSVP, CHIEF LENDING OFFICER

SUSAN HYMANSVP, CHIEF CREDIT OFFICER

MARY GARLINGSVP, NATIONAL EARLY CARE EDUCATION

TINA WALKEREVP & CHIEF PEOPLE OFFICER

CHRISTINA SHIWBALAKVP, OPERATIONS

MARIA ARELLANO BAGLIERIEVP & CHIEF STRATEGY OFFICER

TAWANNA BLACKDIRECTOR

YOHANA QUIROZDIRECTOR

RUSSELL BRUEMMERSECRETARY

WILLIAM C KELLY JRDIRECTOR

REYMUNDO OCANASCHAIR

CALVIN GLADNEYDIRECTOR

MICHAEL SOLOMONDIRECTOR

JESSICA SAGERVICE CHAIR

GLORIA LEEDIRECTOR

ERIKA POETHIGDIRECTOR

EILEEN FITZGERALDDIRECTOR

DIONNE NELSONTREASURER

DAVID FLEMINGDIRECTOR

CAROL NAUGHTONDIRECTOR

About this charity

Recognized since: January 1986
Location: 49 STEVENSON ST STE 300, SAN FRANCISCO, CA 94105-2950
County: City and County of San Francisco
In care of: % ROXANNE HUEY
Primary officer: PANAGIOTA MAHENDRU, CHIEF FIN. AND OPER. OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(415) 489-6102

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Housing & Shelter (L820)
IRS tax category: Other Community Housing Services
Grant-giving organization: Yes