Overview
What is Latino Economic Development Corporation?
The Latino Economic Development Corporation (LEDC) is a Washington, D.C.-based nonprofit organization dedicated to fostering the economic and social advancement of low-income Latinos and other underprivileged communities. Their small business programs offer coaching and financing to aspiring and existing entrepreneurs in District of Columbia, Maryland, Virginia, and Puerto Rico. Through group workshops and individualized technical assistance, the development team equips business owners with diverse skills, including business planning, licensing, online presence, accounting, financial management, technology integration, and specialized consulting for gentrifying business corridors. For women entrepreneurs, LEDC provides cohort-based training, mentorship, and seed capital. The organization's lending program offers interest-free credit-building loans and small business loans to help members thrive financially and become community leaders.
Official website here: www.ledcmetro.org
Is Latino Economic Development Corporation legitimate?
Latino Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Economic 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: $4,882,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,218
For more financial information, click here
Official website here: www.ledcmetro.org
What is the mission statement of Latino Economic Development Corporation?
The Latino Economic Development Corporation (LEDC) strives to foster economic and social advancement among low-to-moderate income Latinos and other underprivileged communities. Through a range of programs, LEDC equips these individuals with essential skills and resources to achieve financial independence and leadership roles. LEDC's small business programs offer coaching, financing, and technical assistance, focusing on topics like business planning, licensing, online presence, accounting, financial management, and technology integration. The organization also caters to women entrepreneurs, providing mentorship, training, and seed capital. Furthermore, LEDC offers specialized consulting services to businesses in gentrifying areas, as well as interest-free credit-building loans and small business loans.
Official website here: www.ledcmetro.org
Who is the CEO of Latino Economic Development Corporation?
Emi Reyes is the Chair of Latino Economic Development Corporation. The CEO's salary of Latino Economic Development Corporation is $143,116 and their total compensation is $143,116.
Official website here: www.ledcmetro.org
What is the revenue of Latino Economic Development Corporation?
Latino Economic Development Corporation's revenue in 2022 was $40,380,571.
Official website here: www.ledcmetro.org
Who are the executives of Latino Economic Development Corporation and what are their salaries?
The average compensation at Latino Economic Development Corporation during 2022 was $59,079. There are 84 employees and 225 volunteers at Latino Economic Development Corporation.
Here are 12 key members and their salaries (Latino Economic Development Corporation's CEO's salary is $143,116 and their total compensation is $143,116):
- Emi Reyes (Chief Executive Officer)
- Marjorie Nemes (Interim Executive Director)
- Ana Isis Salmeron (Chief Financial Officer)
- Omar Velasco (Chief Of Small Business Programs)
- Walda Yon (Chief Of Housing Programs)
- Darryl Maxwell (Chair) [Trustee/Director]
- Robert Aceituno (Treasurer) [Trustee/Director]
- Orlando Velez (Secretary) [Trustee/Director]
- Fernando Lemos (Board Member) [Trustee/Director]
- Megan Coolidge (Board Member) [Trustee/Director]
- Erika Flora (Board Member) [Trustee/Director]
- Courtney Matson (Board Member) [Trustee/Director]
Official website here: www.ledcmetro.org
Where can I find the form 990 for Latino Economic Development Corporation?
The Latino Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ledcmetro.org
Learn more at the official website: www.ledcmetro.org
Mission Statement of Latino Economic Development Corporation
The Latino Economic Development Center (LEDC) is a nonprofit organization dedicated to driving the economic and social advancement of low-to-moderate income Latinos and other underserved communities. With a mission to equip them with the necessary skills and tools, LEDC aims to help these individuals achieve financial independence and become leaders in their communities.
Through its small business programs, LEDC offers coaching and financing to aspiring and existing small business owners. The development team provides group workshops and individualized technical assistance on various topics such as business planning, licensing, online presence and sales, accounting basics, financial management, and technology integration. For women entrepreneurs, the organization offers specialized training, mentorship, and seed capital. Additionally, LEDC provides subsidized consulting services for businesses operating in gentrifying business corridors.
LEDC's lending program offers interest-free credit-building loans ranging from $500 to $2,500 and small business loans to help qualifying individuals and businesses secure the capital they need to grow and thrive. By providing these essential resources, LEDC is making a significant impact in the lives of countless individuals and contributing to the overall economic development of the communities it serves.
Impact
This information is meant to be a general summary of Latino Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Latino Economic Development Corporation drives the economic and social advancement of low-income Latinos and other underserved communities by equipping them with the skills and tools needed to achieve financial independence. Through its small business programs, LEDC offers coaching and financing to aspiring and existing small business owners in Washington, DC, Maryland, Virginia, and Puerto Rico. Their small business development team provides group workshops and individualized technical assistance on a range of topics such as business planning, licensing, online presence, accounting, financial management, and technology integration to enhance productivity.
LEDC also offers specific programming tailored to women entrepreneurs, including cohort-based training, mentorship, and seed capital. Furthermore, LEDC provides specialized consulting services for businesses operating in gentrifying business corridors, such as lease negotiation advice. Through its lending program, LEDC offers interest-free credit-building loans ranging from $500 to $2,500, as well as small business loans. The impact of LEDC extends beyond providing financial assistance, as they actively work to uplift communities and empower individuals to become leaders in their own right.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LENDING INCOME
Revenue
$363,809
PROGRAM SERVICES REVENUE
Revenue
$236,600
Organization Details
Founding Year
1991
Phone
(202) 588-5102
Principal Officer
Emi Reyes
Main Address
1401 COLUMBIA RD NW UNIT C-1, WASHINGTON, DC, 20009
Website
www.ledcmetro.org
NTEE Category
Code: S200 - Community improvement
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