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LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC (EIN 52-1749216)
Tax period
2014-10-01 to 2015-09-30
Filed
2016-08-11
IRS object ID
201622249349302092
Schema version
2014v6.0
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)
Return2016-08-11T14:56:48-05:00ReturnTs
Tax Period End2015-09-30TaxPeriodEndDt

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 Begin2014-10-01TaxPeriodBeginDt

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
Signature2016-08-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonR ERICA ROQUEPreparerPersonNm
PTINP01701497PTIN
Phone7038361350PhoneNum
Preparation2016-08-10PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

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$2,441,176GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LEDCMETRO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1991FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionLEDC'S MISSION IS TO DRIVE THE ECONOMIC AND SOCIAL ADVANCEMENT OF LOW- TO MODERATE-INCOME LATINOS AND OTHERS IN DC BY EQUIPPING THEM WITH THE SKILLS TO ACHIEVE FINANCIAL INDEPENDENCE AND BECOME COMMUNITY LEADERS.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee41TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,137,294PYContributionsGrantsAmt
CY Contributions Grants$2,071,272CYContributionsGrantsAmt
PY Program Service Revenue$418,002PYProgramServiceRevenueAmt
CY Program Service Revenue$369,578CYProgramServiceRevenueAmt
PY Investment Income-$37,395PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$13,148PYOtherRevenueAmt
CY Other Revenue$326CYOtherRevenueAmt
PY Total Revenue$2,531,049PYTotalRevenueAmt
CY Total Revenue$2,441,176CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,768,157PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,632,738CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$59,603CYTotalFundraisingExpenseAmt
PY Other Expenses$808,262PYOtherExpensesAmt
CY Other Expenses$721,662CYOtherExpensesAmt
PY Total Expenses$2,576,419PYTotalExpensesAmt
CY Total Expenses$2,354,400CYTotalExpensesAmt
PY Revenues Less Expenses-$45,370PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$86,776CYRevenuesLessExpensesAmt
Total Assets BOY$3,732,105TotalAssetsBOYAmt
Total Assets EOY$3,731,103TotalAssetsEOYAmt
Total Liabilities BOY$2,047,769TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,959,991TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,684,336NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,771,112NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE LATINO ECONOMIC DEVELOPMENT CENTER (LEDC) IS A COMMUNITY-BASED NONPROFIT. OUR MISSION IS TO DRIVE THE ECONOMIC AND SOCIAL ADVANCEMENT OF LOW- TO MODERATE-INCOME LATINOS AND OTHER UNDERSERVED COMMUNITIES IN THE D.C. AND BALTIMORE METROPOLITAN AREAS BY EQUIPPING THEM WITH THE TOOLS AND SKILLS THEY NEED TO ACHIEVE FINANCIAL INDEPENDENCE AND BECOME LEADERS IN THEIR COMMUNITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$676,733ExpenseAmt
Revenue$48,307RevenueAmt
DescLEDC'S HOMEOWNERSHIP COUNSELING PROGRAM (REGIONAL): THE HOMEOWNERSHIP DEPARTMENT IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY THAT HELPS FAMILIES IN THE GREATER DC REGION 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 ASSIST STRUGGLING HOMEOWNERS AVOID FORECLOSURE AND SCAMS. THE DEPARTMENT FOLLOWS THE NATIONAL INDUSTRY STANDARDS FOR HOMEOWNERSHIP EDUCATION AND COUNSELING. IN 2015, LEDC PROVIDED HOMEOWNERSHIP AND FORECLOSURE COUNSELING AND EDUCATION TO 600 DC AND MD LOW- TO MODERATE- INCOME RESIDENTS. OUR HOMEOWNERSHIP COUNSELING EFFORTS RESULTED IN OVER 45 DISTRICT AND MARYLAND RESIDENTS PURCHASING THEIR FIRST HOME. OUR COUNSELORS IN OUR DC AND MD OFFICES ACHIEVED 54 POSITIVE OUTCOMES WITH CLIENTS FACING FORECLOSURE, WHICH INCLUDED BRINGING CLIENTS CURRENT WITH THEIR MORTGAGE PAYMENTS, MORTGAGE MODIFICATIONS, AND PRE-FORECLOSURE SALES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$975,291ExpenseAmt
Revenue$319,855RevenueAmt
DescLEDC'S SMALL BUSINESS DEVELOPMENT AND LENDING PROGRAMS: WITH OUR BUSINESS LOANS, TECHNICAL ASSISTANCE AND TRAINING, LEDC EQUIPS ASPIRING AND ESTABLISHED SMALL BUSINESS OWNERS IN THE D.C. AND BALTIMORE REGIONS WITH THE BUSINESS SKILLS AND ACCESS TO CAPITAL TO START OR STRENGTHEN THEIR BUSINESSES. LEDC'S SMALL BUSINESS SERVICES STAFF OFFER GROUP WORKSHOPS AND INDIVIDUALIZED TECHNICAL ASSISTANCE ON DIVERSE TOPICS INCLUDING BUSINESS PLANNING, LICENSING, MARKETING, RECORDKEEPING, SALES, AND TECHNOLOGY INTEGRATION. LEDC'S SMALL BUSINESS SERVICES PROGRAMS CONNECT ADVANCED ENTREPRENEURS WITH A ONE-ON-ONE SMALL BUSINESS COACHING SERVICE CALLED BRINCA. LEDC'S MICRO-LENDING SUPPORT PROVIDES BUSINESS LOANS BETWEEN $5,000 AND $50,000 TO QUALIFIED START-UPS AND EXISTING BUSINESSES THAT HAVE DIFFICULTY OBTAINING CREDIT FROM MAINSTREAM FINANCIAL INSTITUTIONS. IN FISCAL YEAR 2015 OUR LENDING PROGRAM DISBURSED 107 LOANS TO SMALL BUSINESSES IN DC, MD, AND NORTHERN VIRGINIA TOTALING MORE THAN $1.3 MILLION IN CAPITAL. OUR SMALL BUSINESS DEVELOPMENT TECHNICAL ASSISTANCE TEAM SERVED A TOTAL OF 503 CLIENTS IN MD AND DC. EIGHTY-FIVE PERCENT OF CLIENTS WERE EITHER LATINO OR AFRICAN-AMERICAN, THOUGH SOME ADDITIONAL MINORITY GROUPS WERE SERVED. OUR COMBINED SMALL BUSINESS TECHNICAL ASSISTANCE AND LENDING EFFORTS IN FISCAL YEAR 2015 LED TO THE CREATION OF 48 BUSINESSES, SUPPORTED/RETAINED 309 EQUIVALENT FULL-TIME JOBS AND CREATED 154 EQUIVALENT FULL-TIME JOBS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$338,366ExpenseAmt
Revenue$1,416RevenueAmt
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 ORGANIZE TENANT ASSOCIATIONS TO PROTECT THEIR LEGAL RIGHTS AS TENANTS, STOP ILLEGAL RENT INCREASES, ASSIST TENANTS IN PURCHASING THEIR APARTMENT BUILDINGS, AND IMPROVE POOR HOUSING CONDITIONS. LEDC ALSO WORKS WITH OWNERS OF AFFORDABLE MULTIFAMILY HOUSING, USUALLY COOPERATIVES, TO ENSURE ONGOING SUSTAINABILITY. THE PROGRAM ALSO ACTIVELY HELPS RESIDENTS TO DEVELOP THEIR LEADERSHIP AND ORGANIZING SKILLS SO THAT THEY CAN CRAFT AND LEAD CAMPAIGNS TO ADVOCATE FOR IMPROVED HOUSING POLICIES IN D.C. TO ACHIEVE LONG-TERM AFFORDABILITY OF THEIR HOMES. SINCE LEDC INITIATED THIS PROGRAM IN 2004, IT HAS SUCCESSFULLY HELPED OVER TEN THOUSAND FAMILIES MAINTAIN THEIR AFFORDABLE HOUSING AND PREVENT DISPLACEMENT. IN FISCAL YEAR 2015 OUR ORGANIZING TEAM WORKED WITH 3,095 TENANTS IN 73 BUILDINGS. OUR TEAM PROVIDES EDUCATIONAL, TECHNICAL ASSISTANCE, ORGANIZING, AND ADVOCACY SUPPORT, TO ENSURE DECENT, AFFORDABLE HOUSING IN THE DISTRICT. OUR EFFORTS RELATED TO THE FACILITATION OF BUILDING PURCHASES THROUGH THE TENANT OPPORTUNITY TO PURCHASE ACT (TOPA) IN FISCAL YEAR 2015 RESULTED IN THE PRESERVATION OF 389 UNITS AND PUBLIC AND PRIVATE INVESTMENTS TOTALING $26,192,735, WHICH DOES NOT INCLUDE DOLLARS INVESTED FOR REHABILITATION PURPOSES.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,990,390TotalProgramServiceExpensesAmt
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 Individuals0GrantsToIndividualsInd
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 Document23IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee41EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
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 (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
NORALISA LEO
CHAIR1.00Yes (X)Yes (X)$0$0$0
FERNANDO LEMOS
BOARD MEMBER1.00Yes (X)$0$0$0
PURVI PATEL
BOARD MEMBER1.00Yes (X)$0$0$0
CASEY WATSON
BOARD MEMBER1.00Yes (X)$0$0$0
DARRYL MAXWELL
BOARD MEMBER1.00Yes (X)$0$0$0
GABRIELA MOSSI
BOARD MEMBER1.00Yes (X)$0$0$0
DAMARIS MIRZA
TREASURER1.00Yes (X)Yes (X)$0$0$0
MARTIN CROWSON
SECRETARY1.00Yes (X)Yes (X)$0$0$0
MARLA BILONICK
EXECUTIVE DIRECTOR40.00Yes (X)$94,926$0$3,765
ROD ILAGAN
CFO40.00Yes (X)$106,924$0$3,000
FieldValueIRS element (for citing)
Total Reportable Comp From Org$201,850TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$6,765TotalOtherCompensationAmt
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$2,720FederatedCampaignsAmt
Government Grants$1,300,286GovernmentGrantsAmt
All Other Contributions$768,266AllOtherContributionsAmt
Total Contributions$2,071,272TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST INCOME ON LEN900099$265,208$265,208
LOAN AND OTHER FEES900099$52,284$52,284
PROGRAM SERVICES REVEN900099$52,086$52,086
FieldValueIRS element (for citing)
Total Program Service Revenue$369,578TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$326TotalRevenueColumnAmt
Exclusion$326ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$326OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,441,176TotalRevenueColumnAmt
Related Or Exempt Func Income$369,578RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$326ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$186,474TotalAmt
Program Services$155,549ProgramServicesAmt
Management And General$25,791ManagementAndGeneralAmt
Fundraising$5,134FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,245,119TotalAmt
Program Services$1,038,622ProgramServicesAmt
Management And General$172,214ManagementAndGeneralAmt
Fundraising$34,283FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$91,113TotalAmt
Program Services$76,002ProgramServicesAmt
Management And General$12,602ManagementAndGeneralAmt
Fundraising$2,509FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$110,032TotalAmt
Program Services$91,783ProgramServicesAmt
Management And General$15,219ManagementAndGeneralAmt
Fundraising$3,030FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,098TotalAmt
Management And General$1,098ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$27,460TotalAmt
Program Services$22,906ProgramServicesAmt
Management And General$3,798ManagementAndGeneralAmt
Fundraising$756FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$60,357TotalAmt
Program Services$50,347ProgramServicesAmt
Management And General$8,348ManagementAndGeneralAmt
Fundraising$1,662FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$21,223TotalAmt
Program Services$15,788ProgramServicesAmt
Management And General$5,435ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$143,325TotalAmt
Program Services$119,555ProgramServicesAmt
Management And General$19,824ManagementAndGeneralAmt
Fundraising$3,946FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$26,482TotalAmt
Program Services$22,090ProgramServicesAmt
Management And General$3,663ManagementAndGeneralAmt
Fundraising$729FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$143,313TotalAmt
Program Services$119,545ProgramServicesAmt
Management And General$19,822ManagementAndGeneralAmt
Fundraising$3,946FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$31,863TotalAmt
Program Services$31,863ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$12,202TotalAmt
Program Services$10,009ProgramServicesAmt
Management And General$2,193ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$30,045TotalAmt
Program Services$24,027ProgramServicesAmt
Management And General$4,401ManagementAndGeneralAmt
Fundraising$1,617FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$41,253TotalAmt
Program Services$34,411ProgramServicesAmt
Management And General$5,706ManagementAndGeneralAmt
Fundraising$1,136FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,734TotalAmt
Program Services$12,290ProgramServicesAmt
Management And General$2,038ManagementAndGeneralAmt
Fundraising$406FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
LOAN LOSS RESERVE$151,986$151,986
MISCELLANEOUS$16,321$13,617$2,255$449

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,354,400TotalAmt
Program Services$1,990,390ProgramServicesAmt
Management And General$304,407ManagementAndGeneralAmt
Fundraising$59,603FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$402,080BOYAmt
EOY$438,604EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$83,672BOYAmt
EOY$195,509EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$382,683BOYAmt
EOY$536,172EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$2,722,967BOYAmt
EOY$2,446,097EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$7,057BOYAmt
EOY$15,107EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$422,378LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$342,287LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$110,678BOYAmt
EOY$80,091EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$22,968BOYAmt
EOY$19,523EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,732,105BOYAmt
EOY$3,731,103EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$138,583BOYAmt
EOY$150,553EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$643BOYAmt
EOY$5,054EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,908,543BOYAmt
EOY$1,796,861EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$7,523EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,047,769BOYAmt
EOY$1,959,991EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,684,336BOYAmt
EOY$1,746,112EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
EOY$25,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,684,336BOYAmt
EOY$1,771,112EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,732,105BOYAmt
EOY$3,731,103EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$86,776ReconcilationRevenueExpnssAmt
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$3,284,926CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,618,992CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,452,728CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,137,294CurrentTaxYearMinus1YearAmt
Current Tax Year$2,071,272CurrentTaxYearAmt
Total$12,565,212TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,284,926CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,618,992CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,452,728CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,137,294CurrentTaxYearMinus1YearAmt
Current Tax Year$2,071,272CurrentTaxYearAmt
Total$12,565,212TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$464,127SubstantialContributorsTotAmt
Public Support Total170$12,101,085PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$261CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,234CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,776CurrentTaxYearMinus2YearsAmt
Total$20,271TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$157,694CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,730CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$27,264CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$13,148CurrentTaxYearMinus1YearAmt
Current Tax Year$326CurrentTaxYearAmt
Total$208,162TotalAmt
FieldValueIRS element (for citing)
Total Support$12,793,645TotalSupportAmt
Gross Receipts Rltd Activities$1,717,448GrossReceiptsRltdActivitiesAmt
Public Support CY1700.94590PublicSupportCY170Pct
Public Support PY1700.94250PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$422,378OtherCostOrOtherBasisAmt
Depreciation$342,287DepreciationAmt
Book Value$80,091BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$80,091TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED RENTDesc
Amt$7,523Amt
FieldValueIRS element (for citing)
Total Liability$7,523TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,441,176TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,441,176RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,441,176TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,354,400TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,354,400ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,354,400TotalExpensesPerForm990Amt

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, 2015 AND 2014, 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 ITS 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 MATERIAL OMISSIONS OF INCOME EXIST, 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, 2015 AND 2014, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS WHICH SHOULD BE RECOGNIZED AS A LIABILITY.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11FORM 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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