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
No grants recorded for .
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Legacy Redevelopment Corporation on Grantable?
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