Overview

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Est.

2021

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

LOCUS is a nonprofit organization dedicated to community and economic development, with a mission to provide innovative financial products that support housing and community development initiatives, create jobs, and foster sustainable communities. Operating with a budget of $609.1K and total revenue of $138.2K in 2024, LOCUS focuses on projects that positively impact low to moderate income communities in underserved areas. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its initiatives. For more information, visit www.locusimpact.org.

Mission Statement

OUR MISSION IS TO OFFER INNOVATIVE, FLEXIBLE FINANCIAL PRODUCTS DESIGNED TO SUPPORT HOUSING AND COMMUNITY DEVELOPMENT VENTURES, INCREASE JOBS AND BUILD SUSTAINABLE COMMUNITIES. LOCUS OFFERS LOAN CAPITAL THAT IS BROADER THAN BANK LENDING TO PROJECTS THAT HAVE A POSITIVE IMPACT IN LOW TO MODERATE INCOME COMMUNITIES IN UNDERSERVED GEOGRAPHIES AND MARKETS.
Revenues
$138.2K
Expenses
$609.1K
Net Income:
-$470.9K
Assets
$120.4M
Liabilities
$2.4M
Net Assets:
+$118M
Operating Budget
$609.1K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$12M
Largest grant received
$12M
A
Amir Kirkwood
Board Member
M
Mary Dwyer Pembroke
Board Member
J
Jackie Puente
Board Member

Frequently Asked Questions

What is LOCUS’s budget?
In 2024, LOCUS reported an annual operating budget of around $609 thousand. More detailed financial information is available to registered users.
What causes does LOCUS support?
LOCUS supports work in Community and economic development.
Where does LOCUS operate?
LOCUS is headquartered in Richmond, VA.
Who funded LOCUS recently?
In 2024, LOCUS received grants from NATIONAL PHILANTHROPIC TRUST. More information on this organization’s funders is available to registered users.
What is the largest grant LOCUS received in 2024?
The largest grant to LOCUS in 2024 exceeds $12 million.