LATINO ECONOMIC DEVELOPMENT CENTER: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
LATINO ECONOMIC DEVELOPMENT CENTER (EIN 51-0467167)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-07-22
IRS object ID
201322039349300602
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-07-22T08:13:50-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN411647057EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MAHONEYULBRICHCHRISTIANSEN & RUSS PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line130 EAST PLATO BOULEVARDAddressLine1
CitySAINT PAULCity
StateMNState
ZIP Code551071809ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN510467167EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1LATINO ECONOMIC DEVELOPMENT CENTERBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLATINameControl
Phone6127245336Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11516 EAST LAKE STREET NO 201AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55407ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMARIO HERNANDEZName
TitleCOOTitle
Phone6127245336Phone
Date Signed2013-07-08DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameDANIEL J FLICEKName
PTINP00076153PTIN
Phone6512276695Phone
Date Prepared2013-07-02DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMARIO HERNANDEZNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11516 EAST LAKE STREET NO 201AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55407ZIPCode
FieldValueIRS element (for citing)
Gross Receipts1290925GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.LEDC-MN.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2003YearFormation
State Legal DomicileMNStateLegalDomicile
Activity Or Mission DescriptionTO TRANSFORM OUR COMMUNITY BY CREATING ECONOMIC OPPORTUNITY FOR LATINOS.ActivityOrMissionDescription
Nbr Voting Members Governing Body16NbrVotingMembersGoverningBody
Nbr Independent Voting Members16NbrIndependentVotingMembers
Total Nbr Employees17TotalNbrEmployees
Total Nbr Volunteers14TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year1679565ContributionsGrantsPriorYear
Contributions Grants Current Year1121904ContributionsGrantsCurrentYear
Program Service Revenue Prior Year90371ProgramServiceRevenuePriorYear
Program Service Revenue CY168414ProgramServiceRevenueCY
Investment Income Prior Year793InvestmentIncomePriorYear
Investment Income Current Year607InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year1770729TotalRevenuePriorYear
Total Revenue Current Year1290925TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year8000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year615313SalariesEtcPriorYear
Salaries Etc Current Year691233SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year13769TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year64048TotalFundrsngExpCurrentYear
Other Expense Prior Year578874OtherExpensePriorYear
Other Expenses Current Year584203OtherExpensesCurrentYear
Total Expenses Prior Year1215956TotalExpensesPriorYear
Total Expenses Current Year1275436TotalExpensesCurrentYear
Revenues Less Expenses Prior Year554773RevenuesLessExpensesPriorYear
Revenues Less Expenses CY15489RevenuesLessExpensesCY
Total Assets BOY1850010TotalAssetsBOY
Total Assets EOY1787424TotalAssetsEOY
Total Liabilities BOY840465TotalLiabilitiesBOY
Total Liabilities EOY762390TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY1009545NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY1025034NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTO TRANSFORM OUR COMMUNITY BY CREATING ECONOMIC OPPORTUNITY FOR LATINOS.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense883920Expense
Revenue168414Revenue
DescriptionDURING 2012, THE LATINO ECONOMIC DEVELOPMENT CENTER (LEDC) ENGAGED IN ACTIVITIES TO PROMOTE ITS VISION OF "TRANSFORMING OUR COMMUNITY BY CREATING ECONOMIC OPPORTUNITIES FOR LATINOS" THROUGH MICRO-ENTREPRENEUR TRAINING CLASSES, BUSINESS OPENING PHASE TECHNICAL ASSISTANCE, LICENSING UPDATE ASSISTANCE, BUSINESS PERFORMANCE EVALUATIONS ASSISTANCE, BUSINESS FINANCING OPERATIONS AND A SCHOLARSHIP PROGRAM. IN 2012, LEDC HAD APPROXIMATELY 200 ACTIVE BUSINESS MEMBERS.BUSINESS TECHNICAL ASSISTANCE AND BUSINESS LOANS 2012 (LATINO BUSINESS DEVELOPMENT) - THROUGH ITS MONTHLY BUSINESS ORIENTATION SESSIONS, LEDC PROVIDED INFORMATION TO 123 PEOPLE ON THE BASICS OF STARTING A BUSINESS FEASIBILITY STEPS, HOW LEDC CAN ASSIST IN THE PROCESS, AND THE BENEFITS OF BECOMING A MEMBER OF LEDC. THROUGH LEDC MICRO-ENTREPRENEUR TRAININGS, THERE IS A SESSION THAT PROVIDES INFORMATION ON HOW TO PREPARE FOR A BUSINESS LOAN EITHER THROUGH LEDC, A TRADITIONAL LENDER (I.E. A BANK), OR A NON-TRADITIONAL LENDER (I.E ANOTHER COMMUNITY DEVELOPMENT NON-PROFIT ORGANIZATION). OVER 1,975 HOURS OF TECHNICAL ASSISTANCE WERE PROVIDED TO START-UP AND EXISTING BUSINESSES IN 2012. TEN (10) LOANS WERE PACKAGED AND APPROVED IN 2012, IN THE AMOUNT OF $194,000; ALL FROM LEDCS LOAN FUND MONEY.LATINO ACADEMY TTOIC, A PROGRAM OF LEDC, EMPOWERS INDIVIDUALS BY COMBINING ADULT BASIC EDUCATION AND JOB READINESS. DURING 2012 THE WORK AREAS OF THE CURRICULUM ARE: BUSINESS TRAINING, WORKFORCE DEVELOPMENT, AND CERTIFICATIONS. IN 2012, THE LATINO ACADEMY TTOIC SERVED 426 CLIENTS. OF THIS NUMBER, 107 CLIENTS WENT THROUGH BUSINESS TRAINING CLASSES. A TOTAL OF 319 CLIENTS WENT THROUGH THE WORKFORCE DEVELOPMENT PROGRAM RESULTING IN 137 PEOPLE RECEIVING A NEW JOB OR RETAINING THEIR CURRENT JOB. LEDC'S RURAL INITIATIVE, NOW KNOWN AND RUEDO, CONTINUED PROVIDING SERVICES TO SMALL BUSINESSES IN RURAL COMMUNITIES AND CONTINUED TO PROMOTE AGRICULTURAL COOPERATIVE BUSINESS DEVELOPMENT AMONG IMMIGRANT VEGETABLE GROWERS, PROVIDING SERVICES TO BOTH LATINO AND HMONG FARMERS AND PROSPECTIVE FARMERS. THE MINNESOTA STATE DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED) VIA A PARTNERSHIP WITH THE CITY OF WILLMAR AND THE COUNTY OF KANDIYOHI PROVIDED FUNDING FOR BUSINESS TECHNICAL ASSISTANCE AND TRAINING THROUGH THE WILLMAR AREA MARKETPLACE BUSINESS CENTER (WAMBC). LEDC COMPLEMENTED THAT PARTNERSHIP WITH FUNDING FROM THE STATE OIC ALLOCATION FOR JOB TRAINING SERVICES. LEDC WRAPPED UP ITS AGREEMENT WITH WAMBC TO ADMINISTER A SMALL BUSINESS LOAN FUND SERVING THE WILLMAR AREA AND MADE THREE LOANS FROM THIS FUND IN 2012. THE RELATIONSHIP AND COLLABORATION WITH WAMBC IS A MODEL OF LEDC'S RURAL WORK AND EXAMPLE OF BEST PRACTICES IN LINKING METRO RESOURCES IN SUPPORT OF RURAL OPPORTUNITIES FOR MINORITIES IN RURAL MINNESOTA COMMUNITIES. LEDC CONDUCTED TWO FEASIBILITY STUDIES, ONE FOR A COOPERATIVE MEAT PROCESSING FACILITY AND ONE FOR A PUBLIC MARKET. BOTH FEASIBILITY STUDIES WERE FOR PROJECTS IN RURAL MINNESOTA COMMUNITIES, AND ARE THE TYPES OF INNOVATIVE PROJECTS LEDC IS LOOKING TO INTEGRATE INTO ITS RURAL INITIATIVE. LEDC STARTED A PILOT PROGRAM IN PARTNERSHIP WITH MISSION ASSET FUND OF CALIFORNIA CALLED LENDING CIRCLES. LENDING CIRCLES ARE ZERO-FEE, ZERO-INTEREST CREDIT BUILDING SOCIAL LOANS. BORROWERS BECOME LENDERS AND LENDERS BECOME BORROWERS; A COLLECTIVE MONTHLY SAVINGS BECAME A LOAN FOR A PARTICIPANT. EVERY MONTH THE SAVINGS ARE REPORTED AS A LOAN PAYMENT TO THE CREDIT BUREAU. DURING 2012, 28 PEOPLE PARTICIPATED IN THIS PROGRAM, SAVING COLLECTIVELY $34,150.LEDCS, THROUGH ITS LATINO SCHOLARSHIP FUND, AWARDED SEVEN SCHOLARSHIPS IN 2012.Description
Total Program Service Expense883920TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp1OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109621NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees17NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members16NbrVotingGoverningBodyMembers
Number Independent Voting Members16NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMNStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1RAMON LEONBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number6127245336TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11516 EAST LAKE STREET STE 201AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55407ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
JENNIFER GODINEZ
DIRECTOR1.00X000
JUAN LINARES
VICE-CHAIR1.00X000X
LEO LOPEZ
TREASURER1.00X000X
ELVIRA FLORES
SECRETARY1.00X000X
LORENZO ARIZA
DIRECTOR1.00X000
RONALD LEZAMA
CHAIR1.00X000X
MARIA BOYLE
DIRECTOR1.00X000
SALVADOR MIRANDA
DIRECTOR1.00X000
ENRIQUE GARCIA
DIRECTOR1.00X000
CARLOS LANDREAU
DIRECTOR1.00X000
ROSE LINDSEY
DIRECTOR1.00X000
IDALIA LEUZE
DIRECTOR1.00X000
THOMAS PANTALION
DIRECTOR1.00X000
ERNESTO PALESTINO
DIRECTOR1.00X000
RAFAEL QUINTERO
DIRECTOR1.00X000
RENE MADRID
DIRECTOR1.00X000
RAMON LEON
PRESIDENT AND CEO40.0085206021115X
FieldValueIRS element (for citing)
Total Reportable Comp From Org85206TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation21115TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Government Grants663300GovernmentGrants
All Other Contributions458604AllOtherContributions
Noncash Contributions12217NoncashContributions
Total Contributions1121904TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RENTAL INCOME5320009500095000
PROGRAM FEES9000995291452914
OTHER INCOME9000991740017400
MEMBERSHIP DUES90009931003100
FieldValueIRS element (for citing)
Total Program Service Revenue168414TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column607TotalRevenueColumn
Exclusion$607ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column1290925TotalRevenueColumn
Related Or Exempt Function Income168414RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$607ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total106321Total
Program Services69108ProgramServices
Management And General31896ManagementAndGeneral
Fundraising5317Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total437573Total
Program Services299583ProgramServices
Management And General119248ManagementAndGeneral
Fundraising18742Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total3928Total
Program Services2722ProgramServices
Management And General1066ManagementAndGeneral
Fundraising140Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total87951Total
Program Services60277ProgramServices
Management And General23899ManagementAndGeneral
Fundraising3775Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total55460Total
Program Services37657ProgramServices
Management And General15362ManagementAndGeneral
Fundraising2441Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total71204Total
Program Services3280ProgramServices
Management And General67924ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total124582Total
Program Services84591ProgramServices
Management And General14409ManagementAndGeneral
Fundraising25582Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total36562Total
Program Services25189ProgramServices
Management And General9814ManagementAndGeneral
Fundraising1559Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total143491Total
Program Services127032ProgramServices
Management And General13381ManagementAndGeneral
Fundraising3078Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total28804Total
Program Services19558ProgramServices
Management And General7979ManagementAndGeneral
Fundraising1267Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total23428Total
Program Services15213ProgramServices
Management And General8215ManagementAndGeneral

Interest Interest

FieldValueIRS element (for citing)
Total37830Total
Program Services37071ProgramServices
Management And General759ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total49365Total
Program Services39625ProgramServices
Management And General8405ManagementAndGeneral
Fundraising1335Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total11576Total
Program Services9393ProgramServices
Management And General1884ManagementAndGeneral
Fundraising299Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
WORKSHOPS2522325223
SCHOLARSHIP TRANSFER2048720487
EQUIPMENT786053372177346
MISCELLANEOUS379125741050167

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1275436Total
Program Services883920ProgramServices
Management And General327468ManagementAndGeneral
Fundraising64048Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY390531BOY
EOY205151EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY56902BOY
EOY57327EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY289416BOY
EOY333633EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1354BOY
EOY1118EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY199444BOY
EOY249357EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY9278BOY
EOY11329EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis1064157LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec134898LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY902835BOY
EOY929259EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY250BOY
EOY250EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1850010BOY
EOY1787424EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY80984BOY
EOY51666EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY134889BOY
EOY72608EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY619892BOY
EOY601416EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY4700BOY
EOY36700EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY840465BOY
EOY762390EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY157876BOY
EOY75472EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY851669BOY
EOY949562EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1009545BOY
EOY1025034EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1850010BOY
EOY1787424EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses15489ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement ConsolidatedXFinancialStatementConsolidated
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years354499CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years694224CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years727951CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1682215CurrentTaxYearMinus1Year
Current Tax Year1125004CurrentTaxYear
Total4583893Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years354499CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years694224CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years727951CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1682215CurrentTaxYearMinus1Year
Current Tax Year1125004CurrentTaxYear
Total4583893Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total494278AmountsSubstContributorsTotal
Public Support Total1704089615PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2370CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years633CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1043CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year793CurrentTaxYearMinus1Year
Current Tax Year607CurrentTaxYear
Total5446Total
FieldValueIRS element (for citing)
Total Support4589339TotalSupport
Gross Receipts From Admissions Etc694630GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.89110PublicSupportPertcentage170
Public Support Pertcent Prior Year0.86840PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis163608OtherCostOrOtherBasis
Book Value163608BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis667313OtherCostOrOtherBasis
Depreciation29248Depreciation
Book Value638065BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis47869OtherCostOrOtherBasis
Depreciation1990Depreciation
Book Value45879BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis185367OtherCostOrOtherBasis
Depreciation103660Depreciation
Book Value81707BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings929259TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionAmountAmount
SECURITY DEPOSITS$4,700
DUE TO THE STATE OF MINNESOTA$32,000
FieldValueIRS element (for citing)
Total Of Amounts36700TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt1290925TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal1290925RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9901290925TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1275436TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal1275436ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901275436TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

FieldValueIRS element (for citing)
IdentifierDESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:Identifier
Return ReferencePART X, LINE 2:ReturnReference
ExplanationLEDC IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE MINNESOTA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES LEDC DID NOT HAVE ANY UNRELATED BUSINESS INCOME IN 2012 OR 2011. LOS LAGOS, LLC IS A SINGLE MEMBER LLC. SINGLE MEMBER LLC'S ARE DISREGARDED FOR INCOME TAX REPORTING, ACCORDINGLY, THE ACTIVITY OF LOS LAGOS, LLC IS INCLUDED IN LEDC'S INCOME TAX RETURN. THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE RETURNS FOR A PERIOD OF THREE YEARS AFTER THEY ARE FILED.Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)

RelationshipRelationshipAmount Of TransactionAmountOfTransactionDescription Of TransactionDescriptionOfTransactionSharing Of RevenuesSharingOfRevenues
SMALL BUSINESS SUPPORT SERVICES
OWNED BY A FAMILY MEMBER OF THE EXECUTIVE DIRECTOR AT LEDC38180BOOKKEEPING SERVICES AND OTHER CONSULTING SERVICES FOR LEDC ARE PROVIDED BY SMALL BUSINESS SUPPORT SERVICES, WHICH IS OWNED BY A FAMILY MEMBER OF THE EXECUTIVE DIRECTOR OF LEDC.0
AZ-TECHS COMPUTER SERVICES
PARTIALLY OWNED BY A BOARD MEMBER AT LEDC28560COMPUTER SUPPORT SERVICES FOR LEDC ARE PROVIDED BY AZ-TECHS COMPUTER SERVICES, WHICH IS PARTIALLY OWNED BY A BOARD MEMBER OF LEDC.0

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Return ReferenceReturnReferenceExplanationExplanation
FORM 990, PART VI, SECTION A, LINE 6MEMBERS OF LEDC CAN RECEIVE TECHNICAL ASSISTANCE DURING THE PROCESS OF STARTING A NEW BUSINESS OR DURING THE EXPANSION OF ONE ALREADY EXISTING THROUGH ADVISEMENT IN THE FOLLOWING AREAS: LEASING CONTRACTS NEGOTIATION; BUSINESS PURCHASE OR RENT NEGOTIATION; BUSINESS REGISTRATION TO THE SECRETARY OF STATE; ACCOUNTING SYSTEMS ESTABLISHMENT; ASSISTANCE REGARDING STATE PERMITS AND LICENSES; ASSISTANCE DURING DIAGRAM ELABORATION; INTERNET INVESTIGATION OF PROVIDERS AND DISTRIBUTORS; SEARCHING FOR POTENTIAL PROVIDERS; AND ASSISTANCE WITH LOAN PACKAGES.
FORM 990, PART VI, SECTION A, LINE 7ATHERE IS ONLY ONE CLASS OF VOTING RIGHTS. ALL MEMBERS HAVE ONE VOTE. THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11THE FINANCE COMMITTEE REVIEWS THE FORM 990 AND PRESENTS IT TO THE ENTIRE BOARD OF DIRECTORS, AT WHICH TIME A VOTE IS TAKEN TO APPROVE THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ARE REQUIRED TO SIGN AND DOCUMENT ANNUALLY THEIR UNDERSTANDING AND COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. AT BOARD MEETINGS, POTENTIAL FOR CONFLICT OF INTEREST ISSUES ARE DISCUSSED WHENEVER APPLICABLE, IF NECESSARY.
FORM 990, PART VI, SECTION C, LINE 19THE 990 IS AVAILABLE FOR REVIEW ON GUIDESTAR.COM. ADDITIONALLY, GOVERNING DOCUMENTS, CONFLICT ON INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICES UPON REQUEST.
FORM 990, PART XII LINE 2CTHE ORGANIZATION HAS A FINANCE COMMITTEE THAT REVIEWS, APPROVES AND PRESENTS THE AUDITED FINANCIAL STATEMENTS TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL. THERE HAVE BEEN NO CHANGES IN THIS PROCESS FROM PRIOR YEARS.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodePrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateTotal IncomeTotalIncomeEOY AssetsEOYAssetsDirect Controlling Entity NADirectControllingEntityNABusiness Name Line1DirectControllingEntityName/BusinessNameLine1
LOS LAGOS LLC
1516 EAST LAKE STREET SUITE 201MINNEAPOLISMN55407COMMERCIAL RENTAL REAL ESTATE FOR LATINOSMN102440860541N/A
MARKET VIEW LLC
663 UNIVERSITY AVE SUITE 200ST PAULMN55104COMMERCIAL RENTAL REAL ESTATEMNNEIGHBORHOOD DEVELOPMENT CENTER INC

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

FieldValueIRS element (for citing)
Business Name Line1MGM COMMUNITY PARTNERSBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1663 UNIVERSITY AVENUE SUITE 200AddressLine1
CitySAINT PAULCity
StateMNState
ZIP Code55104ZIPCode
FieldValueIRS element (for citing)
EIN203436698EIN
Primary ActivityOPERATE REAL ESTATEPrimaryActivity
Legal Domicile StateMNLegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NEIGHBORHOOD DEVELOPMENT CENTER INCBusinessNameLine1
FieldValueIRS element (for citing)
Type Of EntityCTypeOfEntity
Percentage Ownership0.25000PercentageOwnership
Controlled Org0ControlledOrg
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Dividends Related Organization0DividendsRelatedOrganization
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

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