LATINO ECONOMIC DEVELOPMENT CENTER: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: LATINO ECONOMIC DEVELOPMENT CENTER (EIN 51-0467167)
Tax period: 2018-01-01 to 2018-12-31
Filed: 2019-11-14
IRS object ID: 201943189349308414
Schema version: 2018v3.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-11-14T13:40:16-06:00	ReturnTs
Tax Period End	2018-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	411647057	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MAHONEYULBRICHCHRISTIANSEN & RUSS PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	10 RIVER PARK PLAZA SUITE 800	AddressLine1Txt
City	SAINT PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55107	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2018-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	510467167	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LATINO ECONOMIC DEVELOPMENT CENTER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LATI	BusinessNameControlTxt
Phone	6127245336	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	804 MARGARET STREET	AddressLine1Txt
City	SAINT PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55106	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	HENERY JIMENEZ	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	6127245336	PhoneNum
Signature	2019-11-08	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ELIZABETH BARCHENGER	PreparerPersonNm
PTIN	P01270090	PTIN
Phone	6512276695	PhoneNum
Preparation	2019-11-08	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	173.160.107.97	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-11-08	IPDt
IP Tm	09:37:37	IPTm
IP Timezone	CS	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	8FCC0AE5B5C62EA2E1ECCE65A8D774828604CBA2	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2020-03-31 21:24:44Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	HENRY JIMENEZ	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	804 MARGARET STREET	AddressLine1Txt
City	SAINT PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55106	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,262,782	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.LEDC-MN.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2003	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	TO TRANSFORM OUR COMMUNITY BY CREATING ECONOMIC OPPORTUNITY FOR LATINOS.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	13	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,033,974	PYContributionsGrantsAmt
CY Contributions Grants	$724,565	CYContributionsGrantsAmt
PY Program Service Revenue	$573,805	PYProgramServiceRevenueAmt
CY Program Service Revenue	$525,717	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$4,356	PYOtherRevenueAmt
CY Other Revenue	$330	CYOtherRevenueAmt
PY Total Revenue	$2,612,135	PYTotalRevenueAmt
CY Total Revenue	$1,250,612	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$740,639	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$453,017	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$59,538	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,909,303	PYOtherExpensesAmt
CY Other Expenses	$1,439,697	CYOtherExpensesAmt
PY Total Expenses	$2,649,942	PYTotalExpensesAmt
CY Total Expenses	$1,892,714	CYTotalExpensesAmt
PY Revenues Less Expenses	-$37,807	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$642,102	CYRevenuesLessExpensesAmt
Total Assets BOY	$5,930,268	TotalAssetsBOYAmt
Total Assets EOY	$5,409,522	TotalAssetsEOYAmt
Total Liabilities BOY	$3,573,527	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,582,783	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,356,741	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,826,739	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO TRANSFORM OUR COMMUNITY BY CREATING ECONOMIC OPPORTUNITY FOR LATINOS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$839,726	ExpenseAmt
Revenue	$324,732	RevenueAmt
Desc	BUSINESS DEVELOPMENT - THROUGH ITS MONTHLY BUSINESS ORIENTATION SESSIONS, LEDC PROVIDED INFORMATION TO ENTREPRENEURS ON THE BASICS OF STARTING A BUSINESS FEASIBILITY STEPS, HOW LEDC CAN ASSIST IN THE PROCESS, AND THE BENEFITS OF BECOMING A MEMBER OF LEDC. THROUGH LEDC MICRO-ENTREPRENEUR TRAININGS, THERE IS A SESSION THAT PROVIDES INFORMATION ON HOW TO PREPARE FOR A BUSINESS LOAN EITHER THROUGH LEDC, A TRADITIONAL LENDER (I.E. A BANK), OR A NON-TRADITIONAL LENDER (I.E ANOTHER COMMUNITY DEVELOPMENT NON-PROFIT ORGANIZATION). OVER 900 HOURS OF TECHNICAL ASSISTANCE WERE PROVIDED TO START-UP AND EXISTING BUSINESSES IN TWIN CITIES AREA. LEDC CONTINUED PROVIDING SERVICES TO SMALL BUSINESSES IN MINNESOTA RURAL COMMUNITIES AND CONTINUED TO PROMOTE AGRICULTURAL FARM BUSINESS DEVELOPMENT AMONG IMMIGRANT VEGETABLE GROWERS AND LIVESTOCK SMALL PRODUCERS, PROVIDING SERVICES TO INDIVIDUAL LATINO FARMERS, FARMERS IN COOPERATIVES, AND PROSPECTIVE FARMERS. OVER 1,000 HOURS OF TECHNICAL ASSISTANCE WERE PROVIDED TO FARMERS AND STOCKMAN. LEDC ALSO WORKED TO SUPPORT A MULTICULTURAL AGRICULTURAL MARKETING COOPERATIVE WHICH INCLUDED (7) LATINO AND (1) NON-LATINO FARMERS WORKING TOGETHER TO POOL RESOURCES AND LAND ACCOUNTS THEY COULD NOT ACHIEVE ON THEIR OWN. LEDC EXPANDED ITS REACH INTO WESTERN MINNESOTA, WITH CLIENTS AS FAR AWAY AS BENSON, MORRIS AND WILLMAR. LEDC PROVIDED TECHNICAL ASSISTANCE TO 18 BUSINESSES AND 6 STARTUPS AND PROCESSED 15 LOANS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$196,508	ExpenseAmt
Revenue	$24,673	RevenueAmt
Desc	EDUCATION AND TRAINING - LATINO ACADEMY TTOIC, A WORKFORCE TRAINING PROGRAM OF LEDC, EMPOWERS INDIVIDUALS BY COMBINING ADULT BASIC EDUCATION AND JOB READINESS. THE WORK AREAS OF THE CURRICULUM ARE: BUSINESS TRAINING, WORKFORCE DEVELOPMENT, GED PREPARATION, AND CERTIFICATIONS. THE LATINO ACADEMY TTOIC SERVED 131 CLIENTS, ASSISTED 11 INDIVIDUALS WITH WORKFORCE PLACEMENTS DIRECTLY WITH EMPLOYERS, CREATED 6 JOBS, 23 STUDENTS IN THE ESL PROGRAM, EDUCATED 65 STUDENTS IN THE GED PROGRAM AND 2 STUDENTS IN PRE-GED. THE TRAINING PROGRAM WORKED WITH 4 INDIVIDUALS WITH COMPUTER TRAINING, 13 INDIVIDUALS ATTENDED A SPEAKER SERIES AND 7 INDIVIDUALS ATTENDED THE MICRO ENTREPRENEURSHIP PROGRAM.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$394,252	ExpenseAmt
Revenue	$176,312	RevenueAmt
Desc	LENDING PROGRAMS - FOR 2018, 22 LOAN PACKAGES WERE APPROVED. 19 LOANS WERE CLOSED, TOTALING $706,000.00 DISBURSED BY LEDC. THE FUNDS FOR THESE LOANS CAME FROM LEDC'S LOAN POOL. 12 LOANS WERE PAID OFF. THROUGH PARTNERSHIPS, ADDITIONAL FUNDS WERE LEVERAGED FROM STATE PROGRAMS, LOCAL BANKS AND COMMUNITY LENDERS LIKE MCCD, WOMAN VENTURE, NDC, MINNEAPOLIS FOUNDATION, AND INITIATIVE FOUNDATION. FROM ITS CREATION TILL 12/31/18, LEDC HAS DISBURSED OVER $4.2 MILLION TO SUPPORT LATINO OWNED BUSINESSES.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$1,430,486	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	24	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	13	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HENRY JIMENEZ	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6127245336	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	804 MARGARET STREET	AddressLine1Txt
City	SAINT PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55106	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
CHRISTOPHER ROMANO
CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
MARIA BOYLE
VICE CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
CHRISTINA JENNINGS
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
URI CAMARENA
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
MIGUEL GARATE
DIRECTOR	1.00	Yes (X)		$0	$0	$0
VICTORIA BLANCO
DIRECTOR	1.00	Yes (X)		$0	$0	$0
EDUARDO MOZQUEDA
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JOHN PACHECO
DIRECTOR	1.00	Yes (X)		$0	$0	$0
AMBAR HANSON
DIRECTOR	1.00	Yes (X)		$0	$0	$0
SONIA ORTEGA
DIRECTOR	1.00	Yes (X)		$0	$0	$0
ANDRE GOODLET
DIRECTOR	1.00	Yes (X)		$0	$0	$0
SUSANA DE LEON
DIRECTOR (FORMER)	1.00	Yes (X)		$0	$0	$0
THOMAS PANTALION
DIRECTOR (FORMER)	1.00	Yes (X)		$0	$0	$0
IRIS RAMOS
DIRECTOR (FORMER)	1.00	Yes (X)		$0	$0	$0
RAMON LEON
PRESIDENT AND CEO (FORMER)	40.00	Yes (X)	Yes (X)	$65,416	$0	$14,397

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$65,416	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$14,397	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$352,881	GovernmentGrantsAmt
All Other Contributions	$371,684	AllOtherContributionsAmt
Total Contributions	$724,565	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME	532000	$319,101	$319,101
INTEREST ON LOANS	900099	$160,650	$160,650
OTHER INCOME	900099	$23,731	$23,731
PROGRAM FEES	900099	$20,335	$20,335
MEMBERSHIP DUES	900099	$1,900	$1,900

Field	Value	IRS element (for citing)
Total Program Service Revenue	$525,717	TotalProgramServiceRevenueAmt
Fundraising Gross Income	$12,500	FundraisingGrossIncomeAmt
Fundraising Direct Expenses	$12,170	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$330	TotalRevenueColumnAmt
Exclusion	$330	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,250,612	TotalRevenueColumnAmt
Related Or Exempt Func Income	$525,717	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$330	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$79,813	TotalAmt
Management And General	$63,850	ManagementAndGeneralAmt
Fundraising	$15,963	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$255,735	TotalAmt
Program Services	$222,045	ProgramServicesAmt
Management And General	$28,876	ManagementAndGeneralAmt
Fundraising	$4,814	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,233	TotalAmt
Program Services	$1,581	ProgramServicesAmt
Management And General	$531	ManagementAndGeneralAmt
Fundraising	$121	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$84,278	TotalAmt
Program Services	$68,358	ProgramServicesAmt
Management And General	$14,215	ManagementAndGeneralAmt
Fundraising	$1,705	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$30,958	TotalAmt
Program Services	$17,357	ProgramServicesAmt
Management And General	$12,103	ManagementAndGeneralAmt
Fundraising	$1,498	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$10,500	TotalAmt
Program Services	$10,500	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$25,349	TotalAmt
Program Services	$18,748	ProgramServicesAmt
Management And General	$6,601	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$123,493	TotalAmt
Management And General	$123,493	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$318,632	TotalAmt
Program Services	$189,749	ProgramServicesAmt
Management And General	$96,695	ManagementAndGeneralAmt
Fundraising	$32,188	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$55,640	TotalAmt
Program Services	$47,998	ProgramServicesAmt
Management And General	$7,282	ManagementAndGeneralAmt
Fundraising	$360	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$205,784	TotalAmt
Program Services	$203,237	ProgramServicesAmt
Management And General	$1,000	ManagementAndGeneralAmt
Fundraising	$1,547	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$14,800	TotalAmt
Program Services	$801	ProgramServicesAmt
Management And General	$13,999	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$8,899	TotalAmt
Program Services	$7,500	ProgramServicesAmt
Management And General	$1,399	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$120,954	TotalAmt
Program Services	$120,954	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$95,549	TotalAmt
Program Services	$93,261	ProgramServicesAmt
Management And General	$1,960	ManagementAndGeneralAmt
Fundraising	$328	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$21,160	TotalAmt
Program Services	$18,512	ProgramServicesAmt
Management And General	$2,648	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
PROVISION FOR LOAN LOSS	$187,982	$187,982
MAINTENANCE AND REPAIRS	$87,812	$86,179	$1,399	$234
BAD DEBT	$68,304	$68,304
PROGRAM SUPPLIES AND EQ	$33,751	$33,446	$305

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$61,088	TotalAmt
Program Services	$33,974	ProgramServicesAmt
Management And General	$26,334	ManagementAndGeneralAmt
Fundraising	$780	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,892,714	TotalAmt
Program Services	$1,430,486	ProgramServicesAmt
Management And General	$402,690	ManagementAndGeneralAmt
Fundraising	$59,538	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,299,335	BOYAmt
EOY	$918,508	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$522,200	BOYAmt
EOY	$197,590	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$29,128	BOYAmt
EOY	$9,349	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,716,324	BOYAmt
EOY	$2,180,345	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$23,402	BOYAmt
EOY	$16,537	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,613,459	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$566,959	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,149,611	BOYAmt
EOY	$2,046,500	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$190,268	BOYAmt
EOY	$40,693	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,930,268	BOYAmt
EOY	$5,409,522	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$75,360	BOYAmt
EOY	$76,849	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,239	BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$3,167,097	BOYAmt
EOY	$3,156,581	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$328,831	BOYAmt
EOY	$349,353	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,573,527	BOYAmt
EOY	$3,582,783	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$425,074	BOYAmt
EOY	-$82,245	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,781,815	BOYAmt
EOY	$1,908,984	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,356,741	BOYAmt
EOY	$1,826,739	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,930,268	BOYAmt
EOY	$5,409,522	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$642,102	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$13,411	NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments	$125,511	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,103,002	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,140,717	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,557,303	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,035,086	CurrentTaxYearMinus1YearAmt
Current Tax Year	$726,475	CurrentTaxYearAmt
Total	$9,562,583	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,103,002	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,140,717	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,557,303	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,035,086	CurrentTaxYearMinus1YearAmt
Current Tax Year	$726,475	CurrentTaxYearAmt
Total	$9,562,583	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$703,376	SubstantialContributorsTotAmt
Public Support Total170	$8,859,207	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$16,489	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$42,436	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$82,034	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$81,096	CurrentTaxYearMinus1YearAmt
Current Tax Year	$160,650	CurrentTaxYearAmt
Total	$382,705	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$9,945,288	TotalSupportAmt
Gross Receipts Rltd Activities	$1,820,739	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.89080	PublicSupportCY170Pct
Public Support PY170	0.89550	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$313,608	OtherCostOrOtherBasisAmt
Book Value	$313,608	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,859,632	OtherCostOrOtherBasisAmt
Depreciation	$252,288	DepreciationAmt
Book Value	$1,607,344	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$170,236	OtherCostOrOtherBasisAmt
Depreciation	$83,191	DepreciationAmt
Book Value	$87,045	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$269,983	OtherCostOrOtherBasisAmt
Depreciation	$231,480	DepreciationAmt
Book Value	$38,503	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,046,500	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
SECURITY DEPOSITS	$15,937
DUE TO THE STATE OF MINNESOTA	$249,725
SCHOLARSHIP DONATION PAYABLE	$83,691

Field	Value	IRS element (for citing)
Total Liability	$349,353	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	INCOME TAXES LEDC IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE MINNESOTA STATUTES AND IS EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER INTERNAL REVENUE CODE SECTION 509(A)(1), AND IS SUBJECT TO INCOME TAXES ONLY ON INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES LEDC DID NOT HAVE ANY UNRELATED BUSINESS INCOME IN 2018. LOS LAGOS, LLC AND NORTHCOUNTRY PRODUCE, LLC ARE SINGLE MEMBER LLC'S. SINGLE MEMBER LLC'S ARE DISREGARDED FOR INCOME TAX REPORTING. ACCORDINGLY, THEIR ACTIVITY IS INCLUDED IN LEDC'S INCOME TAX RETURN. MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COMPANY WOULD RECOGNIZE INTEREST AND PENALTIES AS INCOME TAX EXPENSE WHEN INCURRED.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	MEMBERS OF LEDC CAN RECEIVE TECHNICAL ASSISTANCE DURING THE PROCESS OF STARTING A NEW BUSINESS OR DURING THE EXPANSION OF ONE ALREADY EXISTING THROUGH ADVISEMENT IN THE FOLLOWING AREAS: LEASING CONTRACTS NEGOTIATION; BUSINESS PURCHASE OR RENT NEGOTIATION; BUSINESS REGISTRATION TO THE SECRETARY OF STATE; ACCOUNTING SYSTEMS ESTABLISHMENT; ASSISTANCE REGARDING STATE PERMITS AND LICENSES; ASSISTANCE DURING DIAGRAM ELABORATION; INTERNET INVESTIGATION OF PROVIDERS AND DISTRIBUTORS; SEARCHING FOR POTENTIAL PROVIDERS; AND ASSISTANCE WITH LOAN PACKAGES.
FORM 990, PART VI, SECTION A, LINE 7A	THERE IS ONLY ONE CLASS OF VOTING RIGHTS. ALL MEMBERS HAVE ONE VOTE. THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B	THE FINANCE COMMITTEE REVIEWS THE FORM 990 AND PRESENTS IT TO THE ENTIRE BOARD OF DIRECTORS, AT WHICH TIME A VOTE IS TAKEN TO APPROVE THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEMBERS ARE REQUIRED TO SIGN AND DOCUMENT ANNUALLY THEIR UNDERSTANDING AND COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. AT BOARD MEETINGS, POTENTIAL FOR CONFLICT OF INTEREST ISSUES ARE DISCUSSED WHENEVER APPLICABLE, IF NECESSARY.
FORM 990, PART VI, SECTION C, LINE 19	THE 990 IS AVAILABLE FOR REVIEW ON GUIDESTAR.ORG. ADDITIONALLY, GOVERNING DOCUMENTS, CONFLICT ON INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICES UPON REQUEST.
FORM 990, PART IX, LINE 11G	CONSULTANT: PROGRAM SERVICE EXPENSES 188,711. MANAGEMENT AND GENERAL EXPENSES 94,895. FUNDRAISING EXPENSES 32,188. TOTAL EXPENSES 315,794. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,800. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,038. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,038.
FORM 990, PART XII LINE 2C	THE ORGANIZATION HAS A FINANCE COMMITTEE THAT REVIEWS, APPROVES AND PRESENTS THE AUDITED FINANCIAL STATEMENTS TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL. THERE HAVE BEEN NO CHANGES IN THIS PROCESS FROM PRIOR YEARS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Direct Controlling NADirectControllingNACd
LOS LAGOS LLC
1501 EAST LAKE STREET LOWER LEVEL	MINNEAPOLIS	MN	55407	900680336	COMMERCIAL RENTAL REAL ESTATE FOR LATINOS	MN	$116,997	$745,902	N/A
NORTHCOUNTRY PRODUCE LLC
1516 E LAKE ST SUITE 201	MINNEAPOLIS	MN	55407	371756530	COMMERCIAL KITCHEN FOR PROGRAM PARTICIPANTS	MN	$83,163	$121,531	N/A

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	EAST SIDE ENTERPRISE CENTER LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	798 MARGARET STREET	AddressLine1Txt
City	SAINT PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55106	ZIPCd

Field	Value	IRS element (for citing)
EIN	463309623	EIN
Primary Activities	COMMERCIAL RENTAL REAL ESTATE	PrimaryActivitiesTxt
Legal Domicile State	MN	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LATINO ECONOMIC DEVELOPMENT CENTER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Predominant Income Type	RELATED	PredominantIncomeTypeTxt
Share Of Total Income	-$13,443	ShareOfTotalIncomeAmt
Share Of EOY Assets	$403,880	ShareOfEOYAssetsAmt
Disproportionate Allocations	0	DisproportionateAllocationsInd
General Or Managing Partner	Yes (1)	GeneralOrManagingPartnerInd
Ownership	0.50000	OwnershipPct

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
EAST SIDE ENTERPRISE CENTER LLC
D	$199,171	CASH LESS ALLOWANCE
ESEC
K	$35,826	CASH