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LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC (EIN 52-1749216)
Tax period
2017-10-01 to 2018-09-30
Filed
2019-08-09
IRS object ID
201902219349300035
Schema version
2017v2.3
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-08-09T10:06:00-05:00ReturnTs
Tax Period End2018-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN260004395PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HALT BUZAS & POWELL LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11199 N FAIRFAX ST 10TH FLOORAddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22314ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521749216EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LATINO ECONOMIC DEVELOPMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLATIBusinessNameControlTxt
Phone2025885102PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1641 S STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20001ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARLA BILONICKPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2025885102PhoneNum
Signature2019-08-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonW ANDREW POWELLPreparerPersonNm
PTINP01318399PTIN
Phone7038361350PhoneNum
Preparation2019-08-07PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.190.224.66IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-08-07IPDt
IP Tm11:17:25IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdFF8F539FF3C310679C46E7A42E1AA02D4DB41848AtSubmissionCreationDeviceId
At Submission Filing Device Id8D9A074F35AA41CED6FB85AE4A840519BAD11919AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1LATINO ECONOMIC DEVELOPMENT CENTERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerMARLA BILONICKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1641 S STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20001ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,159,428GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LEDCMETRO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1991FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionTHE LATINO ECONOMIC DEVELOPMENT CENTER'S (LEDC) MISSION IS TO DRIVE THE ECONOMIC AND SOCIAL ADVANCEMENT OF LOW- TO MODERATE-INCOME LATINOS AND OTHER UNDERSERVED COMMUNITIES IN THE DC AND BALTIMORE METROPOLITAN AREAS BY EQUIPPING THEM WITH THE SKILLS AND TOOLS TO ACHIEVE FINANCIAL INDEPENDENCE AND BECOME LEADERS IN THEIR COMMUNITIES.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee44TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$9,274NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,870,835PYContributionsGrantsAmt
CY Contributions Grants$4,715,969CYContributionsGrantsAmt
PY Program Service Revenue$401,406PYProgramServiceRevenueAmt
CY Program Service Revenue$438,736CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$3,108PYOtherRevenueAmt
CY Other Revenue$4,723CYOtherRevenueAmt
PY Total Revenue$4,275,349PYTotalRevenueAmt
CY Total Revenue$5,159,428CYTotalRevenueAmt
PY Grants And Similar Paid$107,853PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$141,401CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,171,286PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,622,557CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$150,885CYTotalFundraisingExpenseAmt
PY Other Expenses$1,116,120PYOtherExpensesAmt
CY Other Expenses$1,315,396CYOtherExpensesAmt
PY Total Expenses$3,395,259PYTotalExpensesAmt
CY Total Expenses$4,079,354CYTotalExpensesAmt
PY Revenues Less Expenses$880,090PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,080,074CYRevenuesLessExpensesAmt
Total Assets BOY$5,837,691TotalAssetsBOYAmt
Total Assets EOY$6,450,914TotalAssetsEOYAmt
Total Liabilities BOY$2,778,247TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,311,396TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,059,444NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,139,518NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE LATINO ECONOMIC DEVELOPMENT CENTER'S (LEDC) MISSION IS TO DRIVE THE ECONOMIC AND SOCIAL ADVANCEMENT OF LOW- TO MODERATE-INCOME LATINOS AND OTHER UNDERSERVED COMMUNITIES IN THE DC AND BALTIMORE METROPOLITAN AREAS BY EQUIPPING THEM WITH THE SKILLS AND TOOLS TO ACHIEVE FINANCIAL INDEPENDENCE AND BECOME LEADERS IN THEIR COMMUNITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$949,352ExpenseAmt
Revenue$7,596RevenueAmt
DescLEDC'S HOMEOWNERSHIP COUNSELING PROGRAM (REGIONAL): THE HOMEOWNERSHIP DEPARTMENT IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY THAT HELPS FAMILIES IN THE DC REGION BUILD SOUND FINANCIAL MANAGEMENT SKILLS, BUY THEIR FIRST HOME, AND SAVE THEIR HOMES FROM FORECLOSURE. IN THE DISTRICT OF COLUMBIA AND MARYLAND, OUR HOUSING COUNSELORS HELP PROSPECTIVE FIRST-TIME HOMEBUYERS UNDERSTAND THE PROCESS AND RESPONSIBILITIES OF HOMEOWNERSHIP AND ACCESS LOCAL FINANCING TO PUT THE COST OF HOMEOWNERSHIP WITHIN REACH. WE ALSO ASSIST HOMEOWNERS AT-RISK FOR FORECLOSURE QUALIFY FOR ASSISTANCE PROGRAMS AND FIGHT HOUSING SCAMS. FAMILIES WORK CLOSELY WITH OUR COUNSELORS TO STRENGTHEN THEIR FINANCIAL PRACTICES AND IDENTIFY THEIR BEST LONG-TERM HOUSING SOLUTION. THE DEPARTMENT HAS ADOPTED THE NATIONAL INDUSTRY STANDARDS FOR HOMEOWNERSHIP EDUCATION AND COUNSELING. IN FY2018, LEDC EDUCATED AND COUNSELED 2,131 LOW TO MODERATE INCOME RESIDENTS THROUGH COURSES AND COUNSELING. LEDC STAFF CONDUCTED A TOTAL OF 200 COURSES/WORKSHOPS. LEDC STAFF COUNSELED 566 LOW TO MODERATE RESIDENTS ON SOUND FINANCIAL PRACTICES AND RESPONSIBLE HOMEOWNERSHIP. AS A RESULT, 86 LOW TO MODERATE INCOME FAMILIES PURCHASED THEIR FIRST HOME. 152 CLIENTS SUBMITTED DC HOME PURCHASE ASSISTANCE PROGRAM (HPAP) APPLICATIONS. IN ADDITION, WITH LEDC'S ASSISTANCE 12 FAMILIES AVOIDED FORECLOSURE THROUGH PRINCIPAL REDUCTION OR PERMANENT MODIFICATIONS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,060,132ExpenseAmt
Revenue$430,596RevenueAmt
DescLEDC'S SMALL BUSINESS SERVICES PROGRAMS OFFER COACHING AND FINANCING TO LOW TO MODERATE INCOME ASPIRING ENTREPRENEURS AND EXISTING BUSINESS OWNERS IN THE DC AND BALTIMORE REGION. LEDC'S SMALL BUSINESS DEVELOPMENT TEAM OFFERS GROUP WORKSHOPS AND INDIVIDUALIZED TECHNICAL ASSISTANCE ON DIVERSE TOPICS INCLUDING BUSINESS PLANNING, LICENSING, MARKETING, RECORDKEEPING, SALES, AND TECHNOLOGY INTEGRATION. THE TEAM ALSO CONNECTS ENTREPRENEURS WITH EXPERT CONSULTANTS. LEDC'S LENDING PROGRAM OFFERS LOANS RANGING FROM $500 TO $250,000 TO QUALIFIED START-UPS AND EXISTING BUSINESSES THAT HAVE DIFFICULTY OBTAINING CREDIT FROM MAINSTREAM FINANCIAL INSTITUTIONS. IN FY2018, LEDC'S SMALL BUSINESS COACHES IN MARYLAND AND DC SERVED A TOTAL OF 416 CLIENTS AND CONDUCTED A TOTAL OF 87 WORKSHOPS AND COURSES RELATED TO BUSINESS PLANNING, LICENSING AND PERMITTING, MARKETING, ACCOUNTING, AND TECHNOLOGY INTEGRATION. IN TERMS OF OUR MICROLENDING, WE DISBURSED 199 LOANS IN DC, MD, AND NORTHERN VIRGINIA TOTALING MORE THAN $2.09 MILLION IN CAPITAL. OUR PROGRAMS LED TO THE CREATION OF 62 BUSINESSES, SUPPORTED/RETAINED 461 EQUIVALENT FULL-TIME JOBS, WHICH WE ESTIMATE WILL LEAD TO THE CREATION OF 185 EQUIVALENT FULL-TIME JOBS DURING THE FOLLOWING 12 MONTHS. OUR LENDING PORTFOLIO AT RISK RATE (LOANS MORE THAN 30 DAYS LATE) AT THE CLOSE OF FY2018 WAS AT 4.6% AND OUR ANNUAL WRITE-OFF RATE WAS 7.47%.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$244,254ExpenseAmt
Grant$141,401GrantAmt
Revenue$544RevenueAmt
DescLEDC'S AFFORDABLE HOUSING PRESERVATION PROGRAM WORKS TO PRESERVE MULTI-FAMILY, RENTAL AND OWNER-OCCUPIED HOUSING AS AFFORDABLE AND PREVENT THE DISPLACEMENT OF RENTERS AND LOW-TO MODERATE-INCOME MULTIFAMILY OWNERS. THROUGH POPULAR EDUCATION, TECHNICAL ASSISTANCE, COMMUNITY ORGANIZING, AND ADVOCACY, LEDC ORGANIZERS HELP RENTERS ESTABLISH TENANT ASSOCIATIONS SO THEY MAY LEVERAGE DC'S TENANT RIGHTS. OUR TEAM WORKS WITH TENANTS TO STOP ILLEGAL RENT INCREASES, PURCHASE THEIR APARTMENT BUILDINGS, AND IMPROVE HOUSING CONDITIONS. LEDC ALSO WORKS WITH OWNERS OF AFFORDABLE MULTIFAMILY HOUSING, USUALLY COOPERATIVES, TO ENSURE ONGOING SUSTAINABILITY. THE PROGRAM HELPS RESIDENTS DEVELOP THEIR LEADERSHIP AND ORGANIZING SKILLS SO THEY CAN CRAFT AND LEAD CAMPAIGNS TO ADVOCATE FOR IMPROVED HOUSING POLICIES IN DC. SINCE ITS INCEPTION THE PROGRAM HAS SUCCESSFULLY HELPED OVER TEN THOUSAND FAMILIES MAINTAIN THEIR AFFORDABLE HOUSING AND PREVENT DISPLACEMENT. IN FY2018, LEDC SUPPORTED TENANTS AND RESIDENTS IN PREVENTING DISPLACEMENT AND PRESERVING AFFORDABLE HOUSING IN 55 BUILDINGS. LEDC PROVIDED TENANT ORGANIZING AT 7 FEDERALLY SUBSIDIZED BUILDINGS, 7 OWNER-OCCUPIED BUILDINGS, 38 RENT-CONTROLLED BUILDINGS; AND THROUGH 5 NEIGHBORHOOD OR COMMUNITY-SPECIFIC TRAININGS AND OUR 11TH ANNUAL CITY-WIDE TENANT TOWN HALL. OF THESE TENANT ASSOCIATIONS, WE ASSISTED 28 THROUGH THE TENANT OPPORTUNITY TO PURCHASE ACT (TOPA) PROCESS. LEDC'S WORK IN FY2018 LED TO THE LONG-TERM PRESERVATION OF 55 BUILDINGS (7 AS OWNER-OCCUPIED COOPERATIVES) WITH MORE THAN 3,000 UNITS IN TOTAL, INCLUDING 939 UNITS WHERE TENANTS EXERCISED THEIR TOPA RIGHTS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$3,253,738TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document40IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee44EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2025885102PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1641 S STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20001ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
SILVIA SALAZAR
CHAIR1.00Yes (X)Yes (X)$0$0$0
DARRYL MAXWELL
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
ROBERT ACEITUNO
TREASURER1.00Yes (X)Yes (X)$0$0$0
CASEY WATSON
SECRETARY1.00Yes (X)Yes (X)$0$0$0
MEGAN COOLIDGE
BOARD MEMBER1.00Yes (X)$0$0$0
RACHEL JO SANCHEZ
BOARD MEMBER1.00Yes (X)$0$0$0
FERNANDO LEMOS
BOARD MEMBER1.00Yes (X)$0$0$0
GABRIELA MOSSI
BOARD MEMBER1.00Yes (X)$0$0$0
JENNIFER LUBRANI CISNEROS
BOARD MEMBER1.00Yes (X)$0$0$0
ORLANDO VELEZ
BOARD MEMBER1.00Yes (X)$0$0$0
MARLA BILONICK
EXECUTIVE DIRECTOR40.00Yes (X)$141,169$0$3,072
FieldValueIRS element (for citing)
Total Reportable Comp From Org$141,169TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$3,072TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Federated Campaigns$2,756FederatedCampaignsAmt
Government Grants$3,152,549GovernmentGrantsAmt
All Other Contributions$1,560,664AllOtherContributionsAmt
Total Contributions$4,715,969TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST INCOME ON LEN900099$278,335$278,335
LOAN AND OTHER FEES900099$136,245$136,245
PROGRAM SERVICES REVEN900099$24,156$24,156
FieldValueIRS element (for citing)
Total Program Service Revenue$438,736TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$4,723TotalRevenueColumnAmt
Exclusion$4,723ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$4,723OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,159,428TotalRevenueColumnAmt
Related Or Exempt Func Income$438,736RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,723ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$141,401TotalAmt
Program Services$141,401ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$138,064TotalAmt
Program Services$118,078ProgramServicesAmt
Management And General$14,532ManagementAndGeneralAmt
Fundraising$5,454FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,086,913TotalAmt
Program Services$1,782,982ProgramServicesAmt
Management And General$221,571ManagementAndGeneralAmt
Fundraising$82,360FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$230,019TotalAmt
Program Services$186,328ProgramServicesAmt
Management And General$32,894ManagementAndGeneralAmt
Fundraising$10,797FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$167,561TotalAmt
Program Services$135,415ProgramServicesAmt
Management And General$25,254ManagementAndGeneralAmt
Fundraising$6,892FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$31,469TotalAmt
Management And General$31,469ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$288,564TotalAmt
Program Services$207,431ProgramServicesAmt
Management And General$65,076ManagementAndGeneralAmt
Fundraising$16,057FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$55,789TotalAmt
Program Services$54,702ProgramServicesAmt
Management And General$972ManagementAndGeneralAmt
Fundraising$115FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$217,336TotalAmt
Program Services$108,845ProgramServicesAmt
Management And General$98,184ManagementAndGeneralAmt
Fundraising$10,307FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$21,220TotalAmt
Program Services$15,724ProgramServicesAmt
Management And General$4,771ManagementAndGeneralAmt
Fundraising$725FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$264,125TotalAmt
Program Services$195,710ProgramServicesAmt
Management And General$59,387ManagementAndGeneralAmt
Fundraising$9,028FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$37,908TotalAmt
Program Services$30,109ProgramServicesAmt
Management And General$7,585ManagementAndGeneralAmt
Fundraising$214FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$62,443TotalAmt
Program Services$44,800ProgramServicesAmt
Management And General$15,723ManagementAndGeneralAmt
Fundraising$1,920FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$32,404TotalAmt
Program Services$27,918ProgramServicesAmt
Management And General$4,486ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$51,830TotalAmt
Program Services$24,650ProgramServicesAmt
Management And General$26,043ManagementAndGeneralAmt
Fundraising$1,137FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$19,575TotalAmt
Program Services$14,505ProgramServicesAmt
Management And General$4,401ManagementAndGeneralAmt
Fundraising$669FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
LOAN LOSS RESERVE$130,871$130,871
BAD DEBT EXPENSE$41,850$2,706$39,144
STAFF DEVELOPMENT$30,972$14,743$11,029$5,200
MISCELLANEOUS$27,790$15,570$12,210$10

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,250TotalAmt
Program Services$1,250ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,079,354TotalAmt
Program Services$3,253,738ProgramServicesAmt
Management And General$674,731ManagementAndGeneralAmt
Fundraising$150,885FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,358,408BOYAmt
EOY$1,553,606EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$312,375BOYAmt
EOY$375,591EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$982,917BOYAmt
EOY$1,262,575EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$3,023,364BOYAmt
EOY$3,089,266EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$25,035BOYAmt
EOY$19,576EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$224,874LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$129,497LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$106,192BOYAmt
EOY$95,377EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$29,400BOYAmt
EOY$54,923EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,837,691BOYAmt
EOY$6,450,914EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$200,019BOYAmt
EOY$214,877EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$61,487BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,512,767BOYAmt
EOY$2,096,205EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,974BOYAmt
EOY$314EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,778,247BOYAmt
EOY$2,311,396EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,626,536BOYAmt
EOY$3,056,841EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$432,908BOYAmt
EOY$1,082,677EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,059,444BOYAmt
EOY$4,139,518EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,837,691BOYAmt
EOY$6,450,914EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,080,074ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,137,294CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,071,272CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,874,022CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,870,835CurrentTaxYearMinus1YearAmt
Current Tax Year$4,715,969CurrentTaxYearAmt
Total$15,669,392TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,137,294CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,071,272CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,874,022CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,870,835CurrentTaxYearMinus1YearAmt
Current Tax Year$4,715,969CurrentTaxYearAmt
Total$15,669,392TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$964,362SubstantialContributorsTotAmt
Public Support Total170$14,705,030PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,148CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$326CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$228CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,108CurrentTaxYearMinus1YearAmt
Current Tax Year$4,723CurrentTaxYearAmt
Total$21,533TotalAmt
FieldValueIRS element (for citing)
Total Support$15,690,925TotalSupportAmt
Gross Receipts Rltd Activities$1,991,560GrossReceiptsRltdActivitiesAmt
Public Support CY1700.93720PublicSupportCY170Pct
Public Support PY1700.95060PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$183,859OtherCostOrOtherBasisAmt
Depreciation$129,497DepreciationAmt
Book Value$54,362BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$41,015OtherCostOrOtherBasisAmt
Book Value$41,015BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$95,377TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED RENTDesc
Amt$314Amt
FieldValueIRS element (for citing)
Total Liability$314TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,159,428TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,159,428RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,159,428TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,079,354TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$4,079,354ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,079,354TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS EXEMPT FROM FEDERAL AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ON INCOME DERIVED FROM ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. THIS CODE SECTION ENABLES THE ORGANIZATION TO ACCEPT DONATIONS THAT QUALIFY AS CHARITABLE CONTRIBUTIONS TO THE DONOR. THE ORGANIZATION IS SUBJECT TO INCOME TAXES ON TAXABLE INCOME FROM UNRELATED BUSINESS ACTIVITIES. FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017, THE ORGANIZATION DID NOT RECOGNIZE INCOME TAX EXPENSE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THERE WAS NO UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS FROM THE DATE A COMPLETED RETURN IS FILED. IF THERE ARE MATERIAL OMISSIONS OF INCOME, TAX RETURNS MAY BE SUBJECT TO EXAMINATION FOR UP TO SIX YEARS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS OF SEPTEMBER 30, 2018 AND 2017, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS WHICH SHOULD BE RECOGNIZED AS A LIABILITY.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSECURITY DEPOSIT AND DOWNPAYMENTGrantTypeTxt
Recipient90RecipientCnt
Cash Grant$141,401CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationLEDC REQUESTS AND VERIFIES INCOME DOCUMENTATION, LEASE AGREEMENTS AND W-9 FORMS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS PREPARED BY OUR OUTSIDE AUDITORS AND REVIEWED BY THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE BEFORE SENT TO THE BOARD PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY, THE BOARD OF DIRECTORS OF LEDC ATTEND THE LEDC ANNUAL BOARD MEETING IN THE MONTH OF NOVEMBER. THE AGENDA AND THE FOLLOWING ITEMS, SUCH AS THE CONFLICT OF INTEREST, CODE OF CONDUCT, BOARD DEVELOPMENT MATRIX AND DIRECTORY, ARE SENT OUT ELECTRONICALLY TO THE BOARD A WEEK IN ADVANCE. THEN THE FORMS ARE COLLECTED AND OTHER INFORMATION IS GATHERED ON THE ACTUAL MEETING DAY.
FORM 990, PART VI, SECTION B, LINE 15MEMBERS OF THE BOARD USE COMPARABLE COMPENSATION DATA WITH SIMILIAR SIZE AND GEOGRAPHIC AREA ORGANIZATIONS TO DISCUSS, DELIBERATE AND APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AND THE DELIBERATION PROCESS IS DOCUMENTED. THE LAST REVIEW OCCURRED IN 2009.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO GRANTING AGENCIES.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION'S PROCESSES FOR SELECTING AN INDEPENDENT ACCOUNT AND FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS HAVE NOT CHANGED DURING THE TAX YEAR.

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