Public Charity

LEGACY REDEVELOPMENT CORPORATION

LEGACY REDEVELOPMENT CORPORATION, of MILWAUKEE, WI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $2.4M in revenue, $1.9M in expenses, $11.4M in total assets. 8 publicly reported grants to this organization, totaling roughly $807K, appear in IRS filings.

EIN: 311724109 MILWAUKEE, WI Housing Rehabilitation NTEE: L25 Latest filing: 2024
Total Revenue$2.4M
Total Expenses$1.9M
Total Assets$11.4M
Grant Records8
Funding Total$807K
Filing Years2019–2024

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.

Where $100 goes at Legacy Redevelopment Corporation

How Legacy Redevelopment Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$85 Programs the work itself
$11 Management running the organization
$4 Fundraising raising the next dollar

Inside the $85 for programs

$85
Legacy Redevelopment Corporation (lrc) continued to provide loan capital and technical assistance to its loan clients with the goal to strengthen the businesses in the areas where improvements…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Brian Mays
DIRECTOR Darian Luckett
SECRETARY Marjorie Rucker
DIRECTOR Nicole L Robbins
DIRECTOR Nikki Purvis
DIRECTOR Richard W Lincoln

Officer compensation and complete director data available with membership.

Top Grant Purposes

Health & Medicine
$150,000 1 grant
General Support
$79,200 5 grants
Unspecified
$578,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2.4M $1.9M $11.4M
2023 $2.6M $1.4M $14.0M
2022 $1.7M $1.4M $10.9M
2020 $946K $861K $10.1M
2019 $828K $916K $9.5M

Between 2019 and 2024, reported annual revenue grew from $828K to $2.4M (+186%), with total assets most recently reported at $11.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for LEGACY REDEVELOPMENT CORPORATION

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