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Nonprofit · EIN 85-4067768

JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION

Tax-exempt · JOLIET, IL 60432

Financials

$168K$129K2023$226K$216K2025
Revenue Expenses · by fiscal year end
Financials of JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$225,844$216,203$9,641$72,464$0$72,464
December 31, 2023990$167,992$129,337$38,655$85,584$0$85,584
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$283,605
of which government grants
$263,611
Membership dues
$15,455
Program service revenue
$0
Investment income
$2
Net income from fundraising events
-$57,763
Other revenue
-$57,763

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$121,055
Salaries, compensation and benefits (total)
$138,357
Professional fundraising fees
$0
Accounting fees
$1,754
Travel
$552
Depreciation
$619
Program services (functional)
$132,267
Management and general (functional)
$83,936

Balance sheet and other

Total assets, start of year
$62,823
Total assets, end of year
$72,464
Total liabilities, end of year
$0
Net assets, end of year
$72,464
Land, buildings and equipment
$7,277
Net assets without donor restrictions
$72,464
Gross receipts
$321,065
Employees
0
Volunteers
0
Year formed
2020
State of legal domicile
IL

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
DIANA VIVEROSPROGRAM MANAGER
Officer
40$0$62,500
LIZBETH AVILESBOARD MEMBER
Trustee or director
0$0$0
SAMUEL GARCIABOARD MEMBER
Trustee or director
0$0$0
ULISES HUITRONVICE PRESIDENT
Trustee or director, Officer
0$0$0
JOHNNY NORIEGABOARD MEMBER
Trustee or director
0$0$0
NOELI SERNABOARD MEMBER
Trustee or director
0$0$0
ALEX PARAMOPRESIDENT
Officer
0$0$0
BRENDA NORIEGASECRETARY
Officer
0$0$0
EDUARDO SANCHEZTREASURER
Officer
0$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
DIANA VIVEROSPROGRAM MANAGER
Officer
40$55,504
LIZBETH AVILESBOARD MEMBER
Trustee or director
0$0
SAM GARCIABOARD MEMBER
Trustee or director
0$0
ULISES HUITRONBOARD MEMBER
Trustee or director
0$0
CHRIS CHAIDEZBOARD MEMBER
Trustee or director
0$0
BRENDA NORIEGABOARD MEMBER
Trustee or director
0$0
JOHNNY NORIEGABOARD MEMBER
Trustee or director
0$0
NOELI SERNABOARD MEMBER
Trustee or director
0$0
ALEX PARAMOPRESIDENT
Officer
0$0
NANCY CABALLERO-BORUNDASECRETARY
Officer
0$0
EDUARDO SANCHEZTREASURER
Officer
0$0

Address and contacts

Address (IRS master file)
310 N OTTAWA ST, JOLIET, IL 60432-4009
In care of
% ALEX PARAMO
Principal officer (990 for 2025)
ALEX PARAMO, 310 OTTAWA ST, JOLIET, IL 60432
Signed the 990
ALEX PARAMO, PRESIDENT
Phone
(815) 514-1862
Return prepared by
WERMER ROGERS DORAN & RUZON LLC

Mission

1) IMPROVING AND ADVANCING THE BUSINESS AND ECONOMIC CONDITIONS OF LATINO BUSINESSES AND INDIVIDUALS2) FOSTERING LATINO BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT THROUGH ECONOMIC PROGRAMS DESIGNED TO STRENGTHEN AND EXPAND THE INCOME POTENTIAL OF ALL BUSINESSES IN THE JOLIET LEDA AREA, DEFINED BELOW;3)PROMOTING PROGRAMS OF A CIVIC, SOCIAL, AND CULTURAL NATURE THAT ARE DESIGNED TO FURTHER THE FUNCTIONAL AND AESTHETIC VALUES OF THE LATINO COMMUNITY;4) DISCOVERING AND CORRECTING ABUSES THAT PREVENT THE ADVANCEMENT OF LATINO BUSINESS EXPANSION AND LATINO COMMUNITY GROWTH;5) EDUCATING THE LATINO BUSINESS COMMUNITY AND NATIONAL LEGISLATIVE AND POLITICAL AFFAIRS;

990 for the year ended December 31, 2025

Program accomplishments

  • COMMUNITY NAVIGATOR PROGRAMFUNDED BY THE ILLINOIS DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY AND POWERED BY THE ILLINOIS HISPANIC CHAMBER OF COMMERCE, THIS PROGRAM PROVIDES ASSISTANCE TO SMALL BUSINESSES TO CONTINUE TO RECOVER FROM THE PANDEMIC AND PREPARE FOR GROWTH. SERVICES AVAILABLE THROUGH THE PROGRAM:ONGOING INFORMATION: ABOUT SOURCES OF FINANCIAL ASSISTANCE FOR YOUR BUSINESS AND ASSISTANCE COMPLETING APPLICATIONS FOR GOVERNMENT GRANTS AND OTHER SOURCES OF FINANCING. ONE-ON-ONE BUSINESS COUNSELING: TECHNICAL ASSISTANCE TO IDENTIFY CHALLENGES AND OPPORTUNITIES FOR YOUR BUSINESS. ASSISTANCES: TO ENABLE YOU TO MAXIMIZE THE EFFICIENCY, PRODUCTIVITY AND PROFITABILITY OF YOUR BUSINESS. INFORMATION AND REFERRAL'S: ADDITIONAL PROGRAM'S AND ASSISTANCES AVAILABLE FROM THE ILLINOIS CHAMBER OF COMMERCE AND OTHER BUSINESS. DEVELOPMENT: OF PLANS FOR BUSINESS GROWTH OPPORTUNITY: TO CONNECT WITH OTHER SMALL BUSINESS AND GOVERNMENT REPRESENTATIVES.
    Expenses $132,267

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025Check at the IRS
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-4067768
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$72,464
Income (IRS master file)
$321,065

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$225,844$216,203$72,464XML
990December 2023$167,992$129,337$85,584XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––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 85-4067768).

Questions about JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION

What is the EIN of JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION?
The employer identification number (EIN) of JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION is 85-4067768.
Is JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2021.
Are donations to JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION 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 JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION?
The 990 for the year ended December 31, 2025 names ALEX PARAMO.
Who are the officers and directors of JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does JOLIET LATINO ECONOMIC DEVELOPMENT ASSOCIATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $225,844, expenses of $216,203 and total assets of $72,464 at year end.

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