LOW INCOME INVESTMENT FUND (EIN 942952578) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

DANIEL NISSENBAUM

Phone

4154896102

Tax Period

2024-07-01 to 2025-06-30

LOW INCOME INVESTMENT FUND, founded in 1984, is a major nonprofit in the Housing & Shelter sector that reported $123.4M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50.9M, a strong 41% operating margin.

Mission

LIFF REIMBURSES EMPLOYEES FOR HEALTH CLUB MEMBERSHIPS UP TO A MONTHLY CAP AMOUNT OF $50. THIS BENEFIT IS INCLUDED IN EACH EMPLOYEE'S TAXABLE INCOME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $70,136,586

Program Service Revenue $49,275,354

Investment Income $4,048,664

Other Revenue $-27,956

TOTAL REVENUE $123,432,648

Expense Breakdown

Grants Paid $14,164,523

Salaries & Benefits $29,116,480

Fundraising Expenses $2,726,963

Program Expenses $56,597,222

Other Expenses $29,270,937

TOTAL EXPENSES $72,551,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,432,648	$88,297,355	+0.4%
Expenses	$72,551,940	$81,808,063	-0.1%
Net Income	$50,880,708	$6,489,292	+6.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

177

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,444,173

Total Directors

$678,805

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALVIN GLADNEY	DIRECTOR	1.00	Director	$0	$0	$0
CAROL NAUGHTON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL NISSENBAUM	DIRECTOR & CEO	40.00	Officer Director	$626,756	$52,049	$678,805
DAVID FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
DIONNE NELSON	TREASURER	1.00	Officer Director	$0	$0	$0
EILEEN FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA POETHIG	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA LEE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SAGER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL SOLOMON	DIRECTOR	1.00	Director	$0	$0	$0
REYMUNDO OCANAS	CHAIR	1.00	Officer Director	$0	$0	$0
RUSSELL BRUEMMER	SECRETARY	1.00	Officer Director	$0	$0	$0
TAWANNA BLACK	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM C KELLY JR	DIRECTOR	1.00	Director	$0	$0	$0
YOHANA QUIROZ	DIRECTOR	1.00	Director	$0	$0	$0
DENISE NOEL	EVP & GENERAL COUNSEL	40.00	Officer	$302,442	$39,676	$342,118
KIMBERLY LATIMER-NELLIGAN	PRESIDENT	40.00	Officer	$430,622	$33,304	$463,926
MARIA ARELLANO BAGLIERI	EVP & CHIEF STRATEGY OFFICER	40.00	Officer	$180,363	$31,836	$212,199
PANAGIOTA MAHENDRU	CFO & EVP	40.00	Officer	$383,049	$52,049	$435,098
TINA WALKER	EVP & CHIEF PEOPLE OFFICER	40.00	Officer	$276,460	$35,567	$312,027
CHRISTINA SHIWBALAK	VP, OPERATIONS	40.00	Highest	$273,158	$28,444	$301,602
MARY GARLING	SVP, NATIONAL EARLY CARE EDUCATION	40.00	Highest	$282,204	$37,295	$319,499
RACHEL L BLUESTEIN	SVP, CHIEF PROGRAM OFFICER	40.00	Highest	$280,461	$61,358	$341,819
STEPHANIE MCFADDEN	SVP, CHIEF LENDING OFFICER	40.00	Highest	$292,334	$48,215	$340,549
SUSAN HYMAN	SVP, CHIEF CREDIT OFFICER	40.00	Highest	$298,508	$30,090	$328,598

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$123,432,648	$72,551,940	$786,532,068	$50,880,708
2024	No data	No data	No data	No data
2023	$107,952,700	$102,910,131	$642,654,206	$5,042,569
2022	$61,156,061	$54,325,184	$578,280,279	$6,830,877
2021	$85,259,103	$70,441,766	$611,936,079	$14,817,337
2020	$61,092,454	$47,402,752	$576,150,842	$13,689,702
2019	$54,341,148	$45,055,933	$528,536,415	$9,285,215
2018	$42,684,596	$37,400,826	$491,367,021	$5,283,770

LOW INCOME INVESTMENT FUND