LEGACY REDEVELOPMENT CORPORATION (LRC) IS A NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) REVOLVING LOAN FUND WHOSE MISSION IS TO ENHANCE NEIGHBORHOOD VITALITY, FACILITATE A SUSTAINABLE AND ECONOMICALLY DIVERSE COMMUNITY, AND BUILD WEALTH THROUGH THE DESIGN AND IMPLEMENTATION OF INNOVATIVE FINANCE PROGRAMS IN THE CITY OF MILWAUKEE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.4M
-18.0% YoY
Annual Giving
$736K
+145.5% YoY
Grant Count
28
+86.7% YoY
Avg Grant Size
$26K
+31.5% YoY
About Legacy Redevelopment Corporation
Based on IRS filings
Legacy Redevelopment Corporation is a nonprofit organization focused on Housing & Shelter, based in MILWAUKEE, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.4M in total assets. In 2024, it awarded 28 grants totaling $736K. Net investment income was $497K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,440,598 | $13,951,507 | $10,893,308 |
| Revenue | $2,366,182 | $2,559,769 | $1,699,010 |
| Expenses | $1,911,924 | $1,365,633 | $1,353,779 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $496,811 | $433,347 | $408,806 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
49 grants across all recorded years
Open Grants
1 open opportunity from Legacy Redevelopment Corporation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cyndy Johnson Llc ($100,000), Zdh Holdings Llc ($79,133), Coffee Makes You Black ($62,314).
| Recipient | Purpose | Amount |
|---|---|---|
| IVORY HILLS FAMILY CHILD CARE CENTER LLC MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $18,287 |
| ZDH HOLDINGS LLC MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $79,133 |
| 1700 PULLUP LLC MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $30,266 |
| ZIM KNIVES LLC MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $40,000 |
| TRILOGY BEHAVIORAL HEALTH SERVICES MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $26,667 |
| I & CJ'S LLC MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $28,845 |
| FAVORITES LLC MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $34,744 |
| COURIER COMMUNICATIONS CORPORATION MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $34,744 |
| BUFFALO BOSS MIDWEST LLC MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $20,000 |
| CYNDY JOHNSON LLC MILWAUKEE, WI | SMALL BUSINESS ASSISTANCE GRANT | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TROY L REESE | CHAIR | 1 | — |
| MARJORIE RUCKER | SECRETARY | 1 | — |
| TERESE CARO | CEO | 40 | $125,000 |
| RICHARD W LINCOLN | DIRECTOR | 1 | — |
| NICOLE L ROBBINS | DIRECTOR | 1 | — |
| NIKKI PURVIS | DIRECTOR | 1 | — |
| BRIAN MAYS | DIRECTOR | 1 | — |
| DARIAN LUCKETT | DIRECTOR | 1 | — |
| SALLY R PELTZ | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Legacy Redevelopment Corporation?
Legacy Redevelopment Corporation is a nonprofit organization focused on Housing & Shelter, based in MILWAUKEE, WI. It holds $11.4M in total assets as of 2024.
How large is Legacy Redevelopment Corporation?
As of 2024, Legacy Redevelopment Corporation holds $11.4M in total assets with $2.4M in annual revenue. It awarded 28 grants totaling $736K in 2024.
Where does Legacy Redevelopment Corporation operate?
Legacy Redevelopment Corporation has awarded grants in Wisconsin.
What size grants does Legacy Redevelopment Corporation award?
In 2024, Legacy Redevelopment Corporation awarded 28 grants totaling $736K — an average of about $26K per grant, based on its IRS Form 990 filings.
What is Legacy Redevelopment Corporation's EIN?
Legacy Redevelopment Corporation's EIN (Employer Identification Number) is 31-1724109. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Legacy Redevelopment Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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