Housing & Shelter
(L25)
IRS Verified
DX Registered
990 on File
LEGACY REDEVELOPMENT CORPORATION
Financial strength (30%)
69/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
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 2024
$2.4M
Total Revenue
$1.9M
Total Expenses
$3.1M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.5%
Fundraising Efficiency
N/A
Operating Reserve
19.49x
Liability-to-Asset
72.9%
Revenue Diversification
75.9%
Compared with Peers
FY 2024
Compared with 2,572 similar organizations
(United States, Housing & Shelter, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.5% | 87.2% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.0% | 10.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.4% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
19.5 mo | 12.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
72.9% | 39.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
75.9% | 89.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-7.6% | 6.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
40.0% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
19.2% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.4M | $1.9M | $3.1M | 89.5% | 0 |
| 2023 | $2.6M | $1.4M | $2.7M | 91.9% | 6 |
| 2022 | $1.7M | $1.4M | $1.5M | 87.9% | 7 |
| 2021 | $973K | $808K | N/A | — | 6 |
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