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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Local Initiatives Support Corporation

Local Initiatives Support Corporation

Fiscal year ending 2017. Filed on November 6, 2018.

501 Seventh Avenue Suite 7th Fl
Suite 325
New York, New York 10018

Local Initiatives Support Corporation (EIN: 13-3030229) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2017 IRS Form 990 filing, Local Initiatives Support Corporation, a 501(c)(3) charitable organization, reported compensation for 41 out of 702 total employees. Among the employees shown here, the average compensation is $245,772. The highest compensated employee at Local Initiatives Support Corporation is Joseph Hagan with fiscal year 2017 compensation of $836,086.

Revenue, expenses, and employee compensation

Revenue

$154,610,978

Expenses

$146,056,292

Employee compensation

$47,765,472
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joseph Hagan
Senior Vice President
$836,086
$0 $615,306 $220,780
Maurice Jones
President and Chief Executive Officer
$560,660
$525,768 No related comp$34,892
Kevin Boes
Senior Vice President
$500,700
$0 $443,553 $57,147
Denise Notice-Scott
Executive Vice President
$353,529
$314,377 No related comp$39,152
Michael Levine
Executive Vice President and General Counsel
$336,940
$293,376 No related comp$43,564
Michael Hearne
Executive Vice President and Chief Financial Officer
$328,129
$296,720 No related comp$31,409
Elise Balboni
Senior Vice President
$280,151
$223,991 No related comp$56,160
Matthew Josephs
Senior Vice President
$276,166
$215,248 No related comp$60,918
Beth Marcus
Senior Vice President
$271,016
$214,779 No related comp$56,237
Geraldine Baum
Senior Vice President
$270,392
$230,728 No related comp$39,664
Denise Altay
Senior Vice President
$265,811
$224,811 No related comp$41,000
Maryjo Allen
Senior Vice President
$260,326
$225,133 No related comp$35,193

Benchmark Employee Compensation

Non-Employee Board Members

Andrew Plepper
Director
Audrey Choi
Director
Brandee McHale
Director
Colvin W Grannum
Director
Dean Esserman
Director
Dennis White
Director
Ellen Gilligan
Director
George Walker
Director
Gregory Belinfanti
Director
Jerry Rickett
Director
Kathryn E Merchant
Director
Larry Dale
Director

Contractors

Opportunity Resource Fund
Loan Orginator
$592,128
One Detroit Credit Union
Loan Originator
$586,333
Cohnreznick LLP
Audit
$313,500
Irving Gonzales
Architect
$291,887
Adam Parker
Feasibility Study
$209,298

Mission Statement

TOGETHER WITH RESIDENTS AND PARTNERS, THE ORGANIZATION FORGES RESILIENT AND INCLUSIVE COMMUNITIES OF OPPORTUNITIES ACROSS AMERICA - GREAT PLACES TO LIVE, WORK, VISIT, DO BUSINESS AND RAISE FAMILIES.

Revisions to this organization profile

October 31, 2025:
2024 Local Initiatives Support Corporation 990 filed
November 5, 2024:
2023 Local Initiatives Support Corporation 990 filed
November 7, 2023:
2022 Local Initiatives Support Corporation 990 filed

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