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About Virginia LISC
Local Initiatives Support Corporation (LISC) is a national nonprofit organization with local priorities committed to helping neighbors build strong communities.
Virginia LISC works with local community development organizations to transform distressed neighborhoods into healthy communities that are great places to live, work, do business and raise families in the greater metro Richmond area.
visit us www.virginialisc.org or on Facebook at VALISC and Twitter@LISC_VA.
Staff
Candice Streett, Executive Director [email protected]
John Bolton, Loan Officer [email protected]
Veronica Fleming, Community Partnerships Manager [email protected]
Killeen King, Program Officer, Communications [email protected]
Local Initiatives Support Corporation
One Monument Avenue • 413 Stuart Circle • Suite 300 • Richmond, Virginia 23220
PHONE 804.358.7602 FAX 804.358.7603 VISIT US www.virginialisc.org I www.lisc.org
Local Advisory Committee 2014
Chair
Mr. Michael Mulvihill, Padilla/CRT
Vice Chair
Ms. Susan Dewey, Virginia Housing Development Authority
Mr. P. Rodney Blevins, Dominion Virginia Power
Ms. Regina Chaney, H.O.M.E. Inc.
Mr. J. Conrad Garcia, Williams Mullen
Ms. Adrienne Goolsby, Richmond Redevelopment and
Housing Authority
Ms. Lucie Ferguson, Bon Secours Richmond Health System
Mr. E. Louis Freeman, BB&T
Ms. Laura Lafayette, Richmond Association of Realtors
Mr. Corey Lane, The Martin Agency
Ms. Cindy Mims, Woodforest National Bank
Mrs. Penny McPherson, Wells Fargo
Dr. Brent Smith, Virginia Commonwealth University
Mr. S. Mark Strickler, Henrico County
Mr. Oliver Way, Fulton Bank
Mr. Greg Wingfield, Greater Richmond Partnership
Mr. Edward Winks, Edward H. Winks-James D. Snowa Architects P.C.
Mr. C. F. Younger, Jr., Nationwide
ThAnk you! To our 2014 partners and investors
Report to the Community
Place-Based Partner-Focused Resident-Driven
2014
MissionVirginia LISC is the catalyst for neighborhood and resident-inspired transformation. Place-Based Partner-Focused Resident-Driven
Vision StatementA regional leader, Virginia LISC fosters successful neighborhood transformationsand influences public policy that supports community development.
Leveraging your local supportSince 1990, Virginia LISC has raised $26.1 million locally, attracting $428 million to invest in Virginia neighborhoods.
$1 raised by Virginia LISC attracts $16.00 in investments in the community.
2014 Revenue
2014 Expenses
■ Neighborhood Support $227,691■ Loan/Project Assistance 160,837■ Public Policy & Regional Partnerships 76,200■ Office Expenses 59,654■ National Service Fee 49,644■ Capacity Building-Nonprofits,SEED 489,430
Total Expenses $1,063,456
■ Local Donors $651,306■ National LISC Donors 43,849■ Government - HUD Funds for CDCs 329,221■ Government - Local 93,556■ Earned Income 46,846■ LISC/Richmond Loan Fund Repayments 126,200
Total Revenue $1,290,977
Dollars Raised Dollars Invested
Virginia LISC exceeded lending goals for 2014, placing fourth among all 30 local LISC offices.
On the cover: SEED Winner and owner of Song’s Market, Xavier Cibes is a participant in the Tricycle Gardens and Virginia LISC Healthy Foods Initiative. Photo by Steven Longstaff.
ORganizaTiOnsAltria GroupApril Scott’s KidsBank of America Charitable FoundationBetter Housing CoalitionThe Black History MuseumBlueberry MarketingBoaz & RuthBon Secours Richmond Health SystemBranch Banking & TrustThe Cameron FoundationCanterbury EnterprisesCapital OneChocolates by KellyThe City of PetersburgThe City of RichmondThe Community FoundationThe Delaney Bay FoundationThe Dominion FoundationDominion ResourcesEmerald Land DevelopmentEnRichmond FoundationFulton BankGarland and Agnes-Taylor Gray Foundation
Greater Fulton’s FutureJewels Inc.The Marguerite Casey FoundationMetzger’s Bar & ButcheryMultilingual and Cultural SolutionsNationwide InsuranceNecessary RecyclingNeighborhood Resource CenterPadilla/CRTPetersburg Chamber of CommercePetersburg Library FoundationPetersburg Redevelopment and Housing AuthorityProject HomesPudding PleaseThe R.E.B. FoundationRebuilding Together Tri-CitiesRestoration Builders of VirginiaRestoration of Petersburg Community Development CorporationRichmond Association of RealtorsRichmond Public SchoolsRichmond Redevelopment and Housing AuthoritySong’s MarketSouthside Community Development CorporationStorefront for Community Design
Sub RosaSunTrust BankTriangle Center for DevelopmentTricycle GardensUkrop’s Endowment FundUnion Hill RVA GroupThe United Way of Greater Richmond and PetersburgUniversity of RichmondUrban Set BrideU.S. Department of Housing and Urban DevelopmentVirginia Commonwealth UniversityVirginia Housing Development AuthorityVirginia Supportive HousingWells Fargo Bank Wilkes ConsultingWilliams Mullen WoodForest National BankWPA Bakery
individuals Rodney BlevinsJohn BoltonDonald CowlesHeather Crislip
Susan DeweyLucie FergusonVeronica FlemingConrad GarciaAdrienne GoolsbyGreta Harris Herb Hill Killeen KingLaura LafayetteLynn McAteerPenny McPhersonCindy MimsMike MulvihillCassie PriceGilbert RosenthalBuford ScottBrent SmithCandice StreettEugene StreettOliver WayGreg WingfieldEdward WinksC.F. Younger
This past year (2014) marked the 24th year of LISC’s investing in the Richmond and Petersburg communities. Th roughout these decades, Virginia LISC’s work has shifted, but our mission remains the same: we are the catalyst for community-based, partner-focused
and resident-driven transformation in neighborhoods.
A look back at this past year reveals our highest level of activity since coming to Virginia in 1990. We committed almost $9 million in lending capital, making this o� ce 4th among the 30 local LISC o� ces
nationwide. In addition, we supplied $465,982 in capacity-building resources for nonprofi t partners in 2014, and we engaged thousands of residents in Richmond and Petersburg in hands-on eff orts to improve their neighborhoods.
Th e Greater Richmond area is a vibrant metropolitan area recognized as one of the best cities in America, home to several universities and six Fortune 500 companies. While the community in general is thriving, there are many neighborhoods that still need our support to become self-suffi cient. Th ese communities require quality housing, safe streets, employment opportunities and good schools. Th ey also need to have safe, reliable access to amenities and services in order to be communities of choice and opportunity.
In partnering with corporate leaders, LISC brings lending capital and equity investments into these areas to foster livable, safe and healthy communities. But fi nanical investment alone is not the solution. We work with residents to help them become leaders in their neighborhoods, because no one has more at stake in a community than its residents. Involved and invested residents can create growth and opportunity for their neighborhood and the region at large. Th ey are the force that shapes schools, housing and shops. Th ey are the force we work to unleash.
As our funders, supporters and partners, you play a critical role in making change possible—block by block, your support is helping to build strong communities, strong neighborhoods and strong families. With your help, we look forward to even greater success in 2015 and beyond.
Michael Mulvihill Candice StreettVirginia LISC LAC Chair Virginia LISC Executive Directorr
“AS OUR FUNDERS,
SUPPORTERS AND
PARTNERS, YOU PLAY A
CRITICAL ROLE IN MAKING
CHANGE POSSIBLE--BLOCK
BY BLOCK, YOUR SUPPORT
IS HELPING TO BUILD
STRONG COMMUNITIES,
STRONG NEIGHBORHOODS
AND STRONG FAMILIES. ”
Virginia LISC provided Better Housing Coalition with a $2,317,040 loan to help fi nance the rehabilitation construction of the Cary 2000 apartments. The apartments are located along a stretch of Cary Street that was at one point considered unsafe, but in the last 10 years has become a desirable area.
The Supporting East End Entrepreneur Development Program (SEED) is a small business grant competition created by Virginia LISC and Bon Secours Richmond Health System to provide businesses with up to $15,000 in grant money. One of the 23 SEED winners and owner of Song’s Market, Xavier Cibes, is a participant in the Tricycle Gardens and Virginia LISC Healthy Foods Initiative and carrying fresh produce in his corner store.
Community Preservation and Development Corporation was encouraged by Virginia LISC to come to Richmond to rehabilitate a former school into a 77-unit Senior Housing complex. The renovation is part of LISC’s corridor revitalization plan of Northside’s Brookland Park Boulevard at Six Points.
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Stone Brewery, based out of San Diego, looked at several sites for a location of a East Coast production facility. Virginia LISC worked with Greater Fulton neighborhood residents on a public art project to attract Stone Brewery to the Greater Fulton neighborhood.Virginia LISC continues to serve as a liaison for Greater Fulton residents and Stone Brewery as they start construction on the brewery site, which will bring up to 200 jobs to the area.
Virginia LISC continued efforts on the Northside in 2014 with the Community Safety Initiative (partnering with the Guardian Angels and Richmond Police) and ramped up the commercial revitalization strategy, working to create a Merchant’s Association (partnering with Storefront for Community Design). LISC honored Lt. Lewis Mills (Pictured left) and Guardian Angel leader Jo White for their partnership on the Northside Community Safety Initiative.
The Financial Opportunity Center (FOC) located in the Neighborhood Resource Center in Greater Fulton, provides bundled fi nancial services for those looking to reach family fi nancial stability. The FOC assisted 115 families in 2014, including Colette Jackson who is now employed at G.H. Reid Elementary School in South Richmond.
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The United Way of Greater Richmond and Petersburg and Virginia LISC launched the THRIVE Initiative in the spring of 2014. THRIVE is a collaboration of nonprofi t organizations and fi nancial institutions dedicated to building fi nancial capability of families in Richmond and Petersburg.
Virginia LISC funded Tricycle Gardens with a grant to create the Healthy Corner Store Initiative, a program that brings fresh produce to Virginia LISC’s targeted neighborhoods. Tricycle Gardens distributes fresh produce to participating corner stores, providing refrigeration and marketing tools and offering food skills education to help families learn what to buy and how to prepare healthy delicious meals on a budget.
Virginia LISC provided Capacity Building for nine nonprofi t partners in 2014, increasing it’s outreach to residence. Pictured on the left is Mr. James McEachin, whose home modifi cations were provided by a partnership with LISC, Altria and Project Homes.
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