BETA

LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC (EIN 52-1749216)
Tax period
2013-10-01 to 2014-09-30
Filed
2015-08-14
IRS object ID
201542269349302304
Schema version
2013v4.0
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)
Return2015-08-14T11:09:28-05:00ReturnTs
Tax Period End2014-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN260004395PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HALT BUZAS & POWELL LTDBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11199 N FAIRFAX ST 10TH FLOORAddressLine1
CityALEXANDRIACity
StateVAState
ZIP Code22314ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521749216EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LATINO ECONOMIC DEVELOPMENT CORPORATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlLATIBusinessNameControlTxt
Phone2025885102PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1641 S STREET NWAddressLine1
CityWASHINGTONCity
StateDCState
ZIP Code20001ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROD ILAGANPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone2025885102PhoneNum
Signature2015-08-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCAROL MOUNTPreparerPersonNm
PTINP00699613PTIN
Phone7038361350PhoneNum
Preparation2015-08-14PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1LATINO ECONOMIC DEVELOPMENT CENTERBusinessNameLine1
FieldValueIRS element (for citing)
Principal OfficerMARLA BILONICKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1641 S STREET NWAddressLine1
CityWASHINGTONCity
StateDCState
ZIP Code20001ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$3,868,444GrossReceiptsAmt
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 Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee41TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,452,728PYContributionsGrantsAmt
CY Contributions Grants$2,137,294CYContributionsGrantsAmt
PY Program Service Revenue$454,601PYProgramServiceRevenueAmt
CY Program Service Revenue$418,002CYProgramServiceRevenueAmt
PY Investment Income$964,449PYInvestmentIncomeAmt
CY Investment Income-$37,395CYInvestmentIncomeAmt
PY Other Revenue$33,014PYOtherRevenueAmt
CY Other Revenue$13,148CYOtherRevenueAmt
PY Total Revenue$3,904,792PYTotalRevenueAmt
CY Total Revenue$2,531,049CYTotalRevenueAmt
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$1,985,029PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,768,157CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$74,638CYTotalFundraisingExpenseAmt
PY Other Expenses$1,024,722PYOtherExpensesAmt
CY Other Expenses$808,262CYOtherExpensesAmt
PY Total Expenses$3,009,751PYTotalExpensesAmt
CY Total Expenses$2,576,419CYTotalExpensesAmt
PY Revenues Less Expenses$895,041PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$45,370CYRevenuesLessExpensesAmt
Total Assets BOY$4,587,791TotalAssetsBOYAmt
Total Assets EOY$3,732,105TotalAssetsEOYAmt
Total Liabilities BOY$2,858,085TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,047,769TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,729,706NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,684,336NetAssetsOrFundBalancesEOYAmt
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 D.C. AREA RESIDENTS 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$797,386ExpenseAmt
Revenue$21,665RevenueAmt
DescLEDC'S HOMEOWNERSHIP COUNSELING PROGRAM (REGIONAL): THE HOMEOWNERSHIP DEPARTMENT IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY THAT HELPS FAMILIES IN THE WASHINGTON REGION TO BUY THEIR FIRST HOME AND SAVE THEIR HOMES FROM FORECLOSURE. IN THE DISTRICT OF COLUMBIA, OUR HOUSING COUNSELORS HELP PROSPECTIVE FIRST-TIME HOMEBUYERS TO UNDERSTAND THE PROCESS AND RESPONSIBILITIES OF HOMEOWNERSHIP AND ACCESS LOCAL FINANCING TO PUT THE COST OF HOMEOWNERSHIP WITHIN REACH. IN MARYLAND, WE HELP STRUGGLING HOMEOWNERS QUALIFY FOR FORECLOSURE ASSISTANCE PROGRAMS AND FIGHT SCAMS AS FAMILIES WORK CLOSELY WITH OUR COUNSELORS TO IDENTIFY THEIR BEST LONG-TERM HOUSING SOLUTION. THE DEPARTMENT HAS ADOPTED THE NATIONAL INDUSTRY STANDARDS FOR HOMEOWNERSHIP EDUCATION AND COUNSELING. IN FY2014, LEDC ASSISTED 34 FAMILIES IN PURCHASING THEIR FIRST HOME, 29 OF THESE PURCHASERS UTILIZED DC'S HPAP PROGRAM. LEDC TRAINED 639 PEOPLE THROUGH OUR FIRST-TIME HOMEBUYER COURSES, PROVIDED INDIVIDUAL COUNSELING TO 351 CLIENTS AND SUBMITTED 77 HPAP APPLICATIONS. IN FY2014, LEDC ASSISTED OVER 149 ACTIVE FORECLOSURE CASES OF WHICH OVER 36 RECEIVED A POSITIVE OUTCOME SUCH AS A PRINCIPAL REDUCTION OR PERMANENT MODIFICATION AND ANOTHER 100 CASES ARE ACTIVELY IN NEGOTIATIONS OR HAVE UNREPORTED RESOLUTIONS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,154,078ExpenseAmt
Revenue$394,912RevenueAmt
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 WASHINGTON REGION WITH THE BUSINESS SKILLS AND ACCESS TO CAPITAL TO START OR STRENGTHEN THEIR BUSINESSES. LEDC'S SMALL BUSINESS DEVELOPMENT STAFF OFFERS GROUP WORKSHOPS AND INDIVIDUALIZED TECHNICAL ASSISTANCE ON DIVERSE TOPICS INCLUDING BUSINESS PLANNING, LICENSING, MARKETING, RECORDKEEPING, SALES, AND TECHNOLOGY INTEGRATION. THE PROGRAM CONNECTS ADVANCED ENTREPRENEURS WITH A ONE-ON-ONE SMALL BUSINESS COACHING SERVICE CALLED BRINCA. LEDC'S COMMUNITY ASSET FUND FOR ENTREPRENEURS, THE NEW FACE OF LEDC'S LENDING PROGRAM, 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 FY2014, LEDC SMALL BUSINESS COACHES IN MARYLAND AND D.C. SERVED A TOTAL OF 768 CLIENTS AND CONDUCTED A TOTAL OF 63 WORKSHOPS AND COURSES RELATED TO BUSINESS PLANNING, LICENSING AND PERMITTING, MARKETING, ACCOUNTING, AND TECHNOLOGY INTEGRATION. IN TERMS OF OUR MICROLENDING, WE DISBURSED 103 LOANS TO SMALL BUSINESSES IN D.C., MD, AND NORTHERN VIRGINIA TOTALING MORE THAN $1.5 MILLION IN CAPITAL. OUR PROGRAMS LED TO THE CREATION OF 48 BUSINESSES, SUPPORTED/RETAINED 309 EQUIVALENT FULL-TIME JOBS, WHICH WE ESTIMATE WILL LEAD TO THE CREATION OF 154 EQUIVALENT FULL-TIME JOBS (1.5 PER LOAN) DURING THE FOLLOWING 12 MONTHS. OUR LENDING PORTFOLIO AT RISK RATE (LOANS MORE THAN 30 DAYS LATE) AT THE CLOSE OF FY14 WAS AT 3.2% AND OUR ANNUAL WRITE-OFF RATE WAS 2.7%.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$392,433ExpenseAmt
Revenue$1,425RevenueAmt
DescLEDC'S AFFORDABLE HOUSING PRESERVATION PROGRAM: THE 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 THE DISTRICT OF COLUMBIA 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 FY2014, LEDC SUPPORTED TENANTS AND RESIDENTS IN PREVENTING DISPLACEMENT AND PRESERVING AFFODRABLE HOUSING IN 89 BUILDINGS HOME TO NEARLY 3,000 FAMILIES. IN FY2014,LEDC PROVIDED TENANT ORGANIZING AT 6 FEDERALLY SUBSIDIZED BUILDINGS, 12 OWNER-OCCUPIED BUILDINGS, 73 RENT-CONTROLLED BUILDINGS; AND THROUGH 3 NEIGHBORHOOD-SPECIFIC TRAININGS AND OUR SEVENTH ANNUAL CITY-WIDE TENANT TOWN HALL. OF THESE TENANT ASSOCIATIONS, WE ASSISTED 35 THROUGH THE TOPA PROCESS, LEADING TO THE PRESERVATION OF 10 AFFORDABLE RENTAL BUILDINGS WITH 334 UNITS OF HOUSING, INCLUDING 5 BUILDINGS WITH 250 UNITS. LEDC'S WORK IN FY2014 ALSO LED TO THE PRESERVATION OF 2 BUILDINGS AS COOPERATIVES WITH 21 UNITS OF OWNER-OCCUPIED HOUSING. THESE BUILDINGS WILL REMAIN AFFORDABLE FOR AT LEAST 40 YEARS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,343,897TotalProgramServiceExpensesAmt
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 Liabilities0ReportOtherLiabilitiesInd
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 Document14IRPDocumentCnt
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 Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
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 ORGANIZATIONBusinessNameLine1
FieldValueIRS element (for citing)
Phone2025885102PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1641 S STREET NWAddressLine1
CityWASHINGTONCity
StateDCState
ZIP Code20001ZIPCode

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
JIM TAYLOR
BOARD MEMBER UNTIL 3/20141.00Yes (X)$0$0$0
J MITCHELL REESE
BOARD MEMBER1.00Yes (X)$0$0$0
SCOTT STOKES
BOARD MEMBER1.00Yes (X)$0$0$0
YVETTE RETAMOSA
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)$72,097$0$1,766
ROD ILAGAN
CFO40.00Yes (X)$4,231$0$183
FieldValueIRS element (for citing)
Total Reportable Comp From Org$76,328TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,949TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Federated Campaigns$7,541FederatedCampaignsAmt
Government Grants$1,516,952GovernmentGrantsAmt
All Other Contributions$612,801AllOtherContributionsAmt
Total Contributions$2,137,294TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST INCOME ON LENDING ACTIVI900099$273,355$273,355
PROGRAM SERVICES REVENUE900099$76,774$76,774
LOAN AND OTHER FEES900099$67,873$67,873
FieldValueIRS element (for citing)
Total Program Service Revenue$418,002TotalProgramServiceRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$1,300,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$1,337,395OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$37,395OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$37,395TotalRevenueColumnAmt
Exclusion-$37,395ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$13,148TotalRevenueColumnAmt
Exclusion$13,148ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$13,148OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,531,049TotalRevenueColumnAmt
Related Or Exempt Func Income$418,002RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$24,247ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$176,616TotalAmt
Program Services$160,721ProgramServicesAmt
Management And General$10,597ManagementAndGeneralAmt
Fundraising$5,298FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,365,642TotalAmt
Program Services$1,248,189ProgramServicesAmt
Management And General$74,043ManagementAndGeneralAmt
Fundraising$43,410FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$107,744TotalAmt
Program Services$98,440ProgramServicesAmt
Management And General$5,896ManagementAndGeneralAmt
Fundraising$3,408FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$118,155TotalAmt
Program Services$107,940ProgramServicesAmt
Management And General$6,483ManagementAndGeneralAmt
Fundraising$3,732FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,000TotalAmt
Management And General$6,000ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$52,616TotalAmt
Program Services$48,067ProgramServicesAmt
Management And General$2,887ManagementAndGeneralAmt
Fundraising$1,662FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$102,953TotalAmt
Program Services$94,157ProgramServicesAmt
Management And General$5,497ManagementAndGeneralAmt
Fundraising$3,299FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$30,852TotalAmt
Program Services$26,815ProgramServicesAmt
Management And General$4,037ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$170,769TotalAmt
Program Services$156,980ProgramServicesAmt
Management And General$8,751ManagementAndGeneralAmt
Fundraising$5,038FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$29,623TotalAmt
Program Services$26,957ProgramServicesAmt
Management And General$1,777ManagementAndGeneralAmt
Fundraising$889FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$140,305TotalAmt
Program Services$128,175ProgramServicesAmt
Management And General$7,698ManagementAndGeneralAmt
Fundraising$4,432FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$28,705TotalAmt
Program Services$28,705ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,416TotalAmt
Program Services$5,864ProgramServicesAmt
Management And General$552ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$45,304TotalAmt
Program Services$27,665ProgramServicesAmt
Management And General$17,639ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$75,132TotalAmt
Program Services$68,637ProgramServicesAmt
Management And General$4,122ManagementAndGeneralAmt
Fundraising$2,373FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$16,786TotalAmt
Program Services$15,335ProgramServicesAmt
Management And General$921ManagementAndGeneralAmt
Fundraising$530FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
LOAN LOSS RESERVE$84,863$84,863
MISCELLANEOUS$17,938$16,387$984$567

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,576,419TotalAmt
Program Services$2,343,897ProgramServicesAmt
Management And General$157,884ManagementAndGeneralAmt
Fundraising$74,638FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$357,621BOYAmt
EOY$402,080EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$81,009BOYAmt
EOY$83,672EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$391,297BOYAmt
EOY$382,683EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$2,363,466BOYAmt
EOY$2,722,967EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$27,415BOYAmt
EOY$30,025EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$411,712LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$301,034LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,366,983BOYAmt
EOY$110,678EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,587,791BOYAmt
EOY$3,732,105EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$277,616BOYAmt
EOY$138,583EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$11,283BOYAmt
EOY$643EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,569,186BOYAmt
EOY$1,908,543EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,858,085BOYAmt
EOY$2,047,769EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,688,859BOYAmt
EOY$1,684,336EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$40,847BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,729,706BOYAmt
EOY$1,684,336EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,587,791BOYAmt
EOY$3,732,105EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$45,370ReconcilationRevenueExpnssAmt
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$3,016,056CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,284,926CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,618,992CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,452,728CurrentTaxYearMinus1YearAmt
Current Tax Year$2,137,294CurrentTaxYearAmt
Total$13,509,996TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,016,056CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,284,926CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,618,992CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,452,728CurrentTaxYearMinus1YearAmt
Current Tax Year$2,137,294CurrentTaxYearAmt
Total$13,509,996TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$350,754SubstantialContributorsTotAmt
Public Support Total170$13,159,242PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$103,552CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$261CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,234CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,776CurrentTaxYearMinus1YearAmt
Total$123,823TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$120,655CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$157,694CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,730CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,264CurrentTaxYearMinus1YearAmt
Current Tax Year$13,148CurrentTaxYearAmt
Total$328,491TotalAmt
FieldValueIRS element (for citing)
Total Support$13,962,310TotalSupportAmt
Gross Receipts Rltd Activities$1,347,870GrossReceiptsRltdActivitiesAmt
Public Support CY1700.94250PublicSupportCY170Pct
Public Support PY1700.93800PublicSupportPY170Pct
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$411,712OtherCostOrOtherBasisAmt
Depreciation$301,034DepreciationAmt
Book Value$110,678BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$110,678TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,532,549TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$1,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,500RevenueNotReportedAmt
Revenue Subtotal$2,531,049RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,531,049TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,577,919TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,500DonatedServicesUseFcltsAmt
Expenses Not Reported$1,500ExpensesNotReportedAmt
Expenses Subtotal$2,576,419ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,576,419TotalExpensesPerForm990Amt

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, 2014 AND 2013, 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 ORGANIZATIONS POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS OF SEPTEMBER 30, 2014 AND 2013, NO UNCERTAIN TAX POSITIONS EXISTED FOR WHICH THE ORGANIZATION SHOULD RECOGNIZE A LIABILITY.ExplanationTxt

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.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.