Housing & Shelter
(L25)
IRS Verified
DX Registered
LEGACY REDEVELOPMENT CORPORATION
CharityAI™ Score
Not yet evaluated
Mission Statement
As a nonprofit Community Development Financial Institution (CDFI), Legacy Redevelopment Corporation (LRC) provides strategic lending solutions and ongoing support to Milwaukee’s small businesses and nonprofit organizations to foster financial independence, sustain growth and revitalize communities. Through innovative loan products, LRC will empower urban businesses and organizations to be self-sustaining and achieve their financial goals. By stimulating economic development in Milwaukee, we will energize neighborhoods and build stronger communities.
Financial Overview — FY 2023
$2.6M
Total Revenue
$1.4M
Total Expenses
N/A
Net Assets
6
Employees
Expense Breakdown
Program Expense Ratio
N/A
Fundraising Efficiency
N/A
Operating Reserve
N/A
Liability-to-Asset
N/A
Revenue Diversification
N/A
Executive Compensation
$137K
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $2.6M | $1.4M | N/A | — | 6 |
| 2022 | $1.7M | $1.4M | N/A | — | 7 |
| 2021 | $973K | $808K | N/A | — | 6 |
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