Nonprofit · EIN 52-1749216
LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC
Tax-exempt · WASHINGTON, DC 20009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $15,800,960 | $15,972,217 | -$171,257 | $22,702,134 | $6,115,574 | $16,586,560 |
| September 30, 2024 | 990 | $16,455,894 | $18,215,229 | -$1,759,335 | $22,739,345 | $5,981,528 | $16,757,817 |
| September 30, 2023 | 990 | $19,538,430 | $18,402,517 | $1,135,913 | $25,204,226 | $6,687,074 | $18,517,152 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $14,921,452
- of which government grants
- $7,376,801
- Program service revenue
- $842,184
- Investment income
- $0
- Other revenue
- $37,324
Expenses
- Grants and similar amounts paid
- $5,707,947
- Compensation of officers, directors and key employees
- $6,624,105
- Other salaries and wages
- $42,845
- Salaries, compensation and benefits (total)
- $7,411,910
- Professional fundraising fees
- $0
- Legal fees
- $11,644
- Accounting fees
- $280,552
- Occupancy
- $357,358
- Travel
- $6,656
- Depreciation
- $77,564
- Program services (functional)
- $12,578,376
- Management and general (functional)
- $3,011,641
- Fundraising (functional)
- $382,200
Balance sheet and other
- Total assets, start of year
- $22,739,345
- Total assets, end of year
- $22,702,134
- Total liabilities, end of year
- $6,115,574
- Net assets, end of year
- $16,586,560
- Land, buildings and equipment
- $2,040,105
- Gross receipts
- $15,800,960
- Employees
- 79
- Volunteers
- 146
- Year formed
- 1991
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EMI REYES | EXECUTIVE DIRECTOR Officer | 40 | $218,866 | $18,579 |
| ANA ISIS SALMERON | CHIEF FINANCIAL OFFICER Officer | 40 | $171,065 | $17,414 |
| NICOLE DURLER-MONTANT | DIRECTOR OF DEVELOPMENT AND COMMUNICATIONS Trustee or director | 40 | $146,619 | $5,624 |
| ASHLEY BERGERON | DIRECTOR OF HUMAN RESOURCES Trustee or director | 40 | $136,604 | $15,142 |
| HECTOR SANTIAGO | DIRECTOR OF OPERATIONS Trustee or director | 40 | $117,890 | $27,974 |
| BRIA MARIE HODGE | DIRECTOR OF SMALL BUSINESS DEVELOPMENT Trustee or director | 40 | $118,791 | $15,842 |
| WALDA YON | DIRECTOR OF HOUSING PROGRAMS Trustee or director | 40 | $113,778 | $15,581 |
| HELEN OWEN | DIRECTOR OF DIRECT COMMUNITY INVESTMENTS Trustee or director | 40 | $105,584 | $14,229 |
| WILLIAM MURPHY | DIRECTOR OF FINANCE Former | 40 | $100,089 | $4,293 |
| CARLOS TALAMANTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COURTNEY MATSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFRY VIQUE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL MAXWELL | CHAIR Officer | 1 | $0 | $0 |
| ROBERT ACEITUNO | TREASURER Officer | 1 | $0 | $0 |
| ORLANDO VELEZ | SECRETARY Officer | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EMI REYES | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $196,346 | $16,298 |
| ANA ISIS SALMERON | CHIEF FINANCIAL OFFICER Officer | 40 | $134,729 | $14,381 |
| HECTOR SANTIAGO | DIRECTOR OF OPERATIONS Officer | 40 | $104,391 | $29,735 |
| WALDA YON | CHIEF OF HOUSING PROGRAMS Officer | 40 | $119,171 | $13,887 |
| ASHLEY BERGERON | DIRECTOR OF HUMAN RESOURCES Officer | 40 | $114,570 | $13,160 |
| DARRYL MAXWELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT ACEITUNO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ORLANDO VELEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FERNANDO LEMOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEGAN COOLIDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COURTNEY MATSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARLOS TALAMANTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFRY VIQUE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EMI REYES | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $180,385 | $29,633 |
| ANA ISIS SALMERON | CHIEF FINANCIAL OFFICER Officer | 40 | $134,904 | $0 |
| WALDA YON | CHIEF OF HOUSING PROGRAMS Officer | 40 | $114,389 | $0 |
| OMAR VELASCO | CHIEF OF SMALL BUSINESS PROGRAMS Officer | 40 | $104,019 | $0 |
| LAURA BENTLEY | DIRECTOR OF DIRECT COMMUNITY INVESTMENTS Officer | 40 | $103,888 | $0 |
| DARRYL MAXWELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT ACEITUNO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ORLANDO VELEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FERNANDO LEMOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEGAN COOLIDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIKA FLORA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COURTNEY MATSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARLOS TALAMANTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFRY VIQUE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1401 COLUMBIA RD NW UNIT C-1, WASHINGTON, DC 20009-4711
- In care of
- % MARLA BILONICK
- Principal officer (990 for 2024)
- EMI REYES, 1401 COLUMBIA RD NW UNIT C-1, WASHINGTON, DC 20009
- Signed the 990
- EMI REYES, EXECUTIVE DIRECTOR
- Phone
- (202) 588-5102
- Website
- WWW.LEDCMETRO.ORG
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
LEDC'S MISSION IS TO CATALYZE ECONOMIC ADVANCEMENT OF LATINOS AND LOCAL COMMUNITIES BY BRIDGING THE GAP TO CAPITAL AND RESOURCES TO ACHIEVE FINANCIAL PROSPERITY. PARTICIPANTS IN OUR PROGRAMS LEARN HOW TO BUILD THEIR LONG-TERM FINANCIAL STABILITY AND PROSPERITY BY BUYING OR STAYING IN THEIR HOMES AND STARTING OR EXPANDING THEIR BUSINESS. THE ENTIRE WASHINGTON, DC, MARYLAND, AND VIRGINIA REGION IS STRONGER WHEN ALL FAMILIES HAVE THE POWER TO ACHIEVE FINANCIAL INDEPENDENCE AND JOIN IN TO IMPROVE THEIR NEIGHBORHOODS.
Program accomplishments
- SMALL BUSINESS PROGRAMSLEDC'S BUSINESS SUPPORT SERVICES OFFER COACHING AND FINANCING OPTIONS DESIGNED TO MEET THE NEEDS OF EMERGING AND ESTABLISHED ENTREPRENEURS ACROSS WASHINGTON, DC, MARYLAND, VIRGINIA, AND PUERTO RICO. OUR EXPERIENCED TEAM PROVIDES A FULL RANGE OF SERVICES INCLUDING WORKSHOPS, STRUCTURED LEARNING COHORTS, AND ONE-ON-ONE BUSINESS GUIDANCEON TOPICS SUCH AS BUSINESS PLANNING, LICENSING, DIGITAL PRESENCE, SALES, FINANCIAL RECORDKEEPING, AND USING TECHNOLOGY FOR OPERATIONAL EFFICIENCY.IN FY2025, LEDC TRAINED 1,049 ENTREPRENEURS THROUGH 46 SMALL BUSINESS DEVELOPMENT WORKSHOPS AND DELIVERED 4,162.25 HOURS OF INDIVIDUALIZED TECHNICAL ASSISTANCE TO 999 CLIENTS, PROVIDING TAILORED GUIDANCE TO HELP BUSINESSES STABILIZE AND GROW.LEDC ALSO OFFERS A RANGE OF BUSINESS AND PERSONAL CREDIT-BUILDING LOANS, FROM $500 TO $2,500, AND UP TO $250,000 IN SMALL BUSINESS LOANS. AS A U.S. TREASURY-CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) SINCE 2003 AND AN SBA-RECOGNIZED LENDER, LEDC'S PRODUCTS ARE DESIGNED TO MEET ENTREPRENEURS WHERE THEY ARE AND SUPPORT THEM THROUGH EVERY PHASE OF BUSINESS GROWTH. SPECIALIZED PROGRAMMING IS AVAILABLE FOR ENTREPRENEURS LOOKING TO JOIN TAILORED PEER LEARNING GROUPS OR ACCESS EARLY-STAGE CAPITAL. FOR BUSINESSES OPERATING IN AREAS UNDERGOING RAPID ECONOMIC CHANGE, LEDC PROVIDES SUBSIDIZED CONSULTING, INCLUDING LEASE REVIEW AND NEGOTIATION SERVICES.Expenses $4,390,064 · grants $600,610 · revenue $6,687,952
- HOUSING PROGRAMSLEDC'S HOUSING PROGRAMS PROVIDE HOMEOWNERSHIP COUNSELING AND FORECLOSURE PREVENTION SERVICES THAT HELP INDIVIDUALS AND FAMILIES ACHIEVE LONG-TERM HOUSING STABILITY. AS A HUD-CERTIFIED COUNSELING AGENCY, OUR TEAM GUIDES FIRST-TIME HOMEBUYERS THROUGH THE FULL PURCHASING PROCESSFROM FINANCIAL READINESS TO ACCESSING DOWN PAYMENT AND CLOSING COST ASSISTANCE. WE ALSO SUPPORT HOMEOWNERS AT RISK OF FORECLOSURE BY HELPING THEM EVALUATE OPTIONS AND NAVIGATE SUSTAINABLE SOLUTIONS. IN FY2025, LEDC PROVIDED HOMEOWNERSHIP EDUCATION TO OVER 3,185 INDIVIDUALS AND ONE-ON-ONE COUNSELING TO 934 CLIENTS. AS A RESULT, 409 FIRST-TIME HOMEBUYERS SUCCESSFULLY PURCHASED HOMES, LEVERAGING MORE THAN $282 MILLION IN TOTAL HOME PURCHASE VALUE. IN ADDITION TO HOMEOWNERSHIP SUPPORT, LEDC ASSISTS TENANTS IN UNDERSTANDING THEIR RIGHTS AND MAINTAINING HOUSING STABILITY. THROUGH PARTNERSHIPS WITH TENANT ASSOCIATIONS AND LEGAL PROTECTIONS SUCH AS THE TENANT OPPORTUNITY TO PURCHASE ACT (TOPA), LEDC HELPS RESIDENTS IN OVER 30 BUILDINGS REPRESENTING MORE THAN 2,611 UNITS PRESERVE AFFORDABILITY AND IMPROVE THEIR HOUSING CONDITIONS. LEDC ALSO PROVIDED RENTAL ASSISTANCE SERVICES TO 331 TENANTS IN MD AND DC.Expenses $2,063,711 · grants $129,088 · revenue $2,467,464
- DIRECT COMMUNITY INVESTMENTS (DCI)THE DIRECT COMMUNITY INVESTMENTS DEPARTMENT WAS LAUNCHED IN 2020 TO PROVIDE RAPID, EFFICIENT FINANCIAL RELIEF TO INDIVIDUALS AND SMALL ENTERPRISES DURING ECONOMIC DISRUPTIONS. CONTRACTED BY PUBLIC AGENCIES AND PHILANTHROPIC PARTNERS, DCI BUILT STREAMLINED SYSTEMS TO SIMPLIFY THE APPLICATION AND DISTRIBUTION PROCESS FOR FINANCIAL AID. THE TEAM DEVELOPED A CUSTOM SOFTWARE PLATFORM THAT ENABLES FAST DISBURSEMENT, ACCURATE REPORTING, AND DATA-INFORMED DECISION-MAKING.DCI EMPHASIZES ACCESSIBLE SERVICES THAT MEET PEOPLE WHERE THEY ARE. WITH ITS PROVEN SYSTEMS AND RESPONSIVE APPROACH, DCI HAS BECOME A TRUSTED ADMINISTRATOR OF EMERGENCY AND RECOVERY PROGRAMS. IN FY2025 ALONE, DCI AWARDED $4,929,099.57 IN DIRECT ASSISTANCE TO 693 INDIVIDUALS AND SMALL BUSINESSES, PROVIDING TIMELY SUPPORT TO STABILIZE HOUSEHOLDS AND SUSTAIN LOCAL ENTERPRISES.Expenses $6,124,601 · grants $4,978,249 · revenue $6,401,156
- OTHER PROGRAM SERVICESLEDC'S FINANCIAL EMPOWERMENT DEPARTMENT EQUIPS INDIVIDUALS WITH TOOLS TO MAKE INFORMED FINANCIAL DECISIONS, BUILD LONG-TERM STABILITY, AND REDUCE EXPOSURE TO ECONOMIC RISK. THE PROGRAM HELPS PARTICIPANTS UNDERSTAND THE KEY FACTORS INFLUENCING FINANCIAL BEHAVIOR AND TEACHES PRACTICAL STRATEGIES TO MANAGE MONEY, INCREASE SAVINGS, AND REDUCE DEBT.THROUGH A MIX OF GROUP AND PERSONALIZED SESSIONS, PARTICIPANTS LEARN TO CREATE BUDGETS, IMPROVE CREDIT, AND SET ACHIEVABLE FINANCIAL GOALS. THE CURRICULUM EMPHASIZES THE CONNECTION BETWEEN BORROWING AND REPAYMENT BEHAVIORS AND PROVIDES TOOLS TO UNDERSTAND CREDIT SCORES AND THE BROADER BANKING SYSTEM. COUNSELING SESSIONS INCLUDE ACCESS TO CREDIT REPORTS, GUIDANCE ON DISPUTING ERRORS, AND DEBT MANAGEMENT PLANNING. CLIENTS CAN ALSO BE REFERRED TO ADDITIONAL SUPPORT SERVICES, SUCH AS SMALL-DOLLAR LOANS OR HOUSING PROGRAMS, TO CONTINUE BUILDING TOWARD GREATER FINANCIAL SECURITY.IN FY2025, THE FINANCIAL EMPOWERMENT TEAM PROVIDED 168 HOURS OF ONE-ON-ONE COACHING TO 141 CLIENTS, DELIVERING INDIVIDUALIZED GUIDANCE TAILORED TO EACH PARTICIPANT'S FINANCIAL GOALS. ADDITIONALLY, 535 INDIVIDUALS ATTENDED FINANCIAL EDUCATION WORKSHOPS, EXPANDING ACCESS TO FOUNDATIONAL FINANCIAL KNOWLEDGE ACROSS THE COMMUNITY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 52-1749216
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $22,702,134
- Income (IRS master file)
- $15,800,960
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $15,800,960 | $15,972,217 | $22,702,134 | IRS |
| 990 | September 2024 | $16,455,894 | $18,215,229 | $22,739,345 | IRS |
| 990 | September 2023 | $19,538,430 | $18,402,517 | $25,204,226 | XML |
| 990 | September 2022 | $40,380,571 | $38,165,728 | $22,544,018 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1749216).
Questions about LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC
- What is the EIN of LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC?
- The employer identification number (EIN) of LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC is 52-1749216.
- Is LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC?
- The 990 for the year ended September 30, 2025 names EMI REYES.
- Who are the officers and directors of LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC?
- The 990 for the year ended September 30, 2025 lists 15 people; 9 received compensation from the organization, the highest $218,866 (EMI REYES, EXECUTIVE DIRECTOR).
- How much revenue does LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $15,800,960, expenses of $15,972,217 and total assets of $22,702,134 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building