2026-09-23T07:23:58-05:00 2025-12-31 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2025-01-01 510467167 Latino Economic Development Center LATI 6127245332 804 Margaret Street Saint Paul MN 55106 Alma Flores Executive Director 6127245336 2026-09-18 1 Steven D Anseth CPA P00552219 9528359090 2026-09-18 2025 Alma Flores 804 Margaret Street Saint Paul MN 55106 10021136 0 X www.ledcmn.org X 2003 MN We help Latino entrepreneurs and small businesses in Minnesota launch and grow. 15 15 24 29 0 0 3700578 9157364 310853 291099 396421 563102 -42606 9571 4365246 10021136 19500 25000 0 0 1717056 1914406 0 0 196704 2261122 2001970 3997678 3941376 367568 6079760 19999593 27897290 10147902 11948016 9851691 15949274 X To transform our community by creating economic opportunities for Latinos. 0 0 669732 473977 LEDC's Lending Program, the only Latino-focused CDFI (Community Development Fund Institution) in Minnesota and the upper Midwest, addresses the significant barriers faced by small businesses in accessing affordable capital. LEDC provides flexible underwriting standards that don't require large personal assets for collateral, and expert navigation through the complexities of capital and small business development. In 2025, LEDC's Lending program worked with clients to approve 45 loans totaling $3.5 million and leveraged $7.92 million in external capital to help our clients grow their businesses. LEDC has more than 150 active lending clients in our organization's loan portfolio totaling $9.5 million in capital deployed to support small business growth in Minnesota. 1538140 25000 230614 LEDC's Business Development Program helps entrepreneurs prepare to launch or grow their business, including communications and marketing, budgeting, digital literacy, commercial insurance, taxation, and other areas of technical assistance. Our Business Development associates guide each member in creating their business plan and provide access to resources and education needed to meet their goals. Through direct support and referrals to specialized service providers, we support clients with their needs in finance, legal issues, technology, information technology (IT), human resources (HR) issues, and industry-specific regulations. Last year, LEDC's Business Development program supported more than 500 aspiring entrepreneurs and small business owners through business development workshops and one-on-one business consulting provided in Spanish and English. 330302 LEDC's Regenerative Agriculture Program provides technical assistance, business development, and access to affordable capital and markets that help beginning and established farmers and entrepreneurs start new farming or food production enterprises or grow their existing farm businesses. Additional services include Organic and GAP certification and navigating the complex system of government agriculture programs. Throughout 2025, LEDC's Regenerative Agriculture program provided technical assistance to 39 farmers and agriculture-focused businesses with 861 hours of technical assistance. With this technical assistance, LEDC helped these farms secure $726,000 in external capital. 2538174 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 26 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X Alma Flores 6127245332 804 Margaret Street Saint Paul MN 55106 Carlos Lopez Board President 1.00 X X 0 0 0 Ruben Hidalgo Vice Chair 1.00 X X 0 0 0 Uri Camarena Secretary 1.00 X X 0 0 0 Vanessa Butler Treasurer 1.00 X X 0 0 0 Angela Knudson Board Member 1.00 X 0 0 0 Eduardo Mozqueda Board Member 1.00 X 0 0 0 Tony Vannicola Board Member 1.00 X 0 0 0 Jennifer Carlson Board Member 1.00 X 0 0 0 Linda Correa Bates Board Member 1.00 X 0 0 0 Ambar Cristina Hanson Board Member 1.00 X 0 0 0 Carlos Lamboglia Board Member 1.00 X 0 0 0 Jeremy Wermerskirchen Board Member 1.00 X 0 0 0 Braynell Estrada Britton Board Member 1.00 X 0 0 0 Johan Gomez Sang Board Member 1.00 X 0 0 0 Esme Miranda Board Member 1.00 X 0 0 0 Alma Flores Executive Director 40.00 X 208600 0 21662 208600 0 21662 1 0 1 0 CliftonLarsonAllen LLP 220 S 6th Street Ste 300 Minneapolis MN 55402 Accounting Services 405004 RISE Collaborative 7016 Sandy Hook Circle Chanhassen MN 55317 Construction Services 227310 2 7116701 2040663 9157364 Program rent 900099 221043 221043 Loan closing fees 900099 70056 70056 291099 563102 403921 159181 Other income 900099 9571 9571 9571 10021136 704591 0 159181 25000 25000 230262 150788 58577 20897 1172695 773025 292151 107519 406791 247645 125410 33736 104658 67936 27252 9470 73634 51901 21733 365957 104344 249928 11685 334963 106591 218239 10133 218142 59450 156379 2313 16957 6348 10609 135773 135516 257 25370 19529 5565 276 11088 8020 2561 507 192061 192061 61488 53804 7684 146404 125927 20477 Provisions for loan los 330473 330473 Miscellaneous 46065 42220 3845 Maintenance and repairs 20578 20578 Program supplies and eq 12742 7440 5288 14 10275 9578 543 154 3941376 2538174 1206498 196704 6308267 3430329 3883405 2015696 2121893 67086 103723 6633964 8711003 68479 76277 9084944 633742 2900113 8451202 1940772 1040575 65216 78883 19999593 27897290 626806 1295528 1200 13 8218091 9357389 1301805 1295086 10147902 11948016 X 7051583 12533858 2800108 3415416 9851691 15949274 19999593 27897290 X 6079760 15449 2374 X X 0 1 X 1 0 X 18840539 4105183 6428992 3700578 9157364 42232656 18840539 4105183 6428992 3700578 9157364 42232656 42232656 472197 496810 521474 728747 563102 2782330 45014986 767236 0.93820 0.95020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150000 150000 8666264 389631 8276633 268680 244111 24569 8451202 Security Deposits 15582 Due to the State of Minnesota 1279504 1295086 1 Minnesota Latino Museum 1848 7th Street W Saint Paul MN 55116 883067866 501(C)(3) 25000 0 Business support 1 Part I, Line 2: Grant funds are monitored through the use of 'Customers' within QuickBooks Online. Each grant is given its own customer, therefore the grants are coded to the customer along with the reimbursement revenue. 0 0 0 0 0 0 0 0 0 Alma Flores Executive Director 208600 0 0 0 0 0 0 0 21662 0 230262 0 0 0 Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent public accounting firm using information provided by the organization. Once a draft is ready, the Form 990 is first reviewed by the organization's leadership. The Form 990 is then shared with all members of the board in advance of filing. Board members are provided at least 10 business days to complete their review. After the review period is complete, questions answered, and changes resulting from the review made (if applicable), the form is filed. Form 990, Part VI, Section B, line 12c Board members are required to sign and document annually their understanding and compliance with the written conflict of interest policy. At board meetings, potential for conflict of interest issues are discussed whenever applicable, if necessary. Form 990, Part VI, Section B, line 15a Executive Director salary is discussed and approved by the Board of Directors. The Board of Directors determines compensation based on the latest salary tables, market performance, and employee experience and merit. Form 990, Part VI, Section C, line 19 The 990 is available for review on GuideStar.org additionally, governing documents, conflict on interest polices, and financial statements are available at the Organization's offices upon request. Form 990, Part XI, line 9: East Side Enterprise Center Investment Adjustment 2,374. Form 990, Part XII, Line 2c: The Organization has a Finance Committee that reviews, approves and presents that audited financial statements to the entire Board of Directors for approval. There has been no changes in this process from the prior year. North Country Produce LLC 1516 E Lake St Suite 201 Minneapolis MN 55407 371756530 Commercial kitchen for program participants MN 0 0 Latino Economic Development Center East Side Enterprise Center LLC 798 Margaret Street Saint Paul MN 55106 463309623 Commercial rental real estate MN Latino Economic Development Center Related 15359 414343 0 1 0.50000 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 East Side Enterprise Center LLC K 35337 Actual Cost East Side Enterprise Center LLC D 179173 Year-end balance