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Midlands Latino Community Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141973678 ✦ Omaha, NE ✦ Designated as a 501(c)(3)

Overview

What is Midlands Latino Community Development Corporation?

The Midlands Latino Community Development Corporation (MLCDC) is a nonprofit organization situated in Omaha, Nebraska. Established in 2006, its primary mission is to empower low-income communities, particularly in the Midlands, by offering financial products, development services, and community development initiatives. This enables these communities to build a sustainable future. MLCDC provides various programs and services, including financial stability training in multiple languages such as Spanish, English, and Arabic. During 2022, they served 180 individuals across the Greater Omaha area, Council Bluffs, and East Nebraska, resulting in 150 hours of follow-up financial coaching. MLCDC also collaborates with the Mexican Consulate in Omaha, Nebraska, offering weekly presentations on personal finances. As a Community Economic Development Institution, MLCDC offers technical assistance and training through its financial stability, entrepreneurship, and lending programs. With a team of 9 employees, MLCDC continues to strive for economic growth and development within the Midlands community.


Official website here: www.midlandslatinocdc.org

Is Midlands Latino Community Development Corporation legitimate?

Midlands Latino Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midlands Latino Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $96,311
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,658

For more financial information, click here


Official website here: www.midlandslatinocdc.org

What is the mission statement of Midlands Latino Community Development Corporation?

The Midlands Latino Community Development Corporation, a non-profit organization, aims to support low-income communities in generating economic growth. They accomplish this by offering financing products, development services, and community development initiatives. These efforts help these communities develop a sustainable future. Additionally, the corporation provides technical assistance and training through its financial stability, entrepreneurship, and lending programs. As a community economic development institution, the Midlands Latino Community Development Corporation has been serving its community since 2006.


Official website here: www.midlandslatinocdc.org

Who is the CEO of Midlands Latino Community Development Corporation?

Amy Carolus is the Executive Director of Midlands Latino Community Development Corporation.


Official website here: www.midlandslatinocdc.org

What is the revenue of Midlands Latino Community Development Corporation?

Midlands Latino Community Development Corporation's revenue in 2022 was $525,791.


Official website here: www.midlandslatinocdc.org

Who are the executives of Midlands Latino Community Development Corporation and what are their salaries?

The average compensation at Midlands Latino Community Development Corporation during 2022 was $30,108. There are 9 employees and 45 volunteers at Midlands Latino Community Development Corporation.

Here are 8 key members and their salaries:

    Juan Montoya (Executive Director)
  • Compensation: $96,311
  • Related: $0
  • Other: $0

    • Michelle Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcos Hernandez (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Russell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rafael Maldonado Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Carolus (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Lindell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Mohon (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.midlandslatinocdc.org

    Where can I find the form 990 for Midlands Latino Community Development Corporation?

    The Midlands Latino Community Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.midlandslatinocdc.org

    Learn more at the official website: www.midlandslatinocdc.org

    Mission Statement of Midlands Latino Community Development Corporation

    The Midlands Latino Community Development Corporation (MLCDC) is a non-profit organization that dedicates its efforts to empowering low-income communities in generating economic growth. Through its financing products, development services, and community development initiatives, MLCDC aims to enhance the capacity of these communities to establish a sustainable future. The corporation provides technical assistance and training programs, leveraging its financial stability, entrepreneurship, and lending programs, to contribute to community economic development. MLCDC has been serving its community since 2006 and operates as a Community Economic Development Institution.

    Impact

    This information is meant to be a general summary of Midlands Latino Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Midlands Latino Community Development Corporation has made a significant impact on low-income communities in the Midlands by providing financial education training and services to individuals in multiple languages including Spanish, English, and Arabic. In 2022 alone, they served 180 individuals in the greater Omaha area, Council Bluffs, and East Nebraska, offering classes that resulted in 150 hours of follow-up services through financial coaching. By collaborating with the Mexican Consulate in Omaha, Nebraska, MLCDC also delivered weekly presentations on personal finances, further enhancing their outreach and impact within the community. Through their efforts, MLCDC is helping individuals in low-income communities develop financial stability and create a sustainable future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $16,117
  • Gross Receipts: $525,791

    • Assets and Liabilities:
  • Total Assets: $1,341,477
  • Total Liabilities: $212,391
  • Net Assets: $1,129,086
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM REVENUE

    Revenue

    $16,117

    Organization Details

    Founding Year

    2006

    Principal Officer

    Amy Carolus

    Main Address

    4923 SOUTH 24TH STREET 201, OMAHA, NE, 68107

    NTEE Category

    Code: S31 - Community improvement

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