Public Charity

LATINO ECONOMIC DEVELOPMENT CORPORATION

LATINO ECONOMIC DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in WASHINGTON, DC. Its most recent IRS filing (2025) reports revenue of $15.8M, expenses of $16.0M, total assets of $22.7M. Imperigo tracks 91 reported grant relationships connected to this organization totaling approximately $9.8M.

EIN: 521749216 WASHINGTON, DC Community & Neighborhood Development NTEE: S20 Latest filing: 2025
Total Revenue$15.8M
Total Expenses$16.0M
Total Assets$22.7M
Grant Records91
Funding Total$9.8M
Filing Years2021–2025

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.

Where $100 goes at Latino Economic Development Corporation

How Latino Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$92 Programs the work itself
$7 Management running the organization
$1 Fundraising raising the next dollar

Inside the $92 for programs

$38
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
42% of program spending · Reported in the filing: 693 individuals
$28
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…
30% of program spending · Reported in the filing: 1,049 entrepreneurs; 46 workshops; 999 clients
$13
Housing programsledc's housing programs provide homeownership counseling and foreclosure prevention services that help individuals and families achieve long-term housing stability
14% of program spending · Reported in the filing: 3,185 individuals; 934 clients; 2,611 units

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CHIEF FINANCIAL OFFICER Ana Isis Salmeron
DIRECTOR OF HUMAN RESOURCES Ashley Bergeron
DIRECTOR OF SMALL BUSINESS DEVELOPMENT Bria Marie Hodge
BOARD MEMBER Carlos Talamante
BOARD MEMBER Courtney Matson
CHAIR Darryl Maxwell

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$3,158,342 38 grants
Economic Development
$2,560,868 17 grants
Training & Professional Development
$1,317,650 8 grants
Food Assistance & Nutrition
$566,112 4 grants
Human & Social Services
$387,429 4 grants

Financial Trends

Year Revenue Expenses Assets
2025 $15.8M $16.0M $22.7M
2024 $16.5M $18.2M $22.7M
2023 $19.5M $18.4M $25.2M
2022 $40.4M $38.2M $22.5M
2021 $55.4M $53.4M $21.3M

Between 2021 and 2025, reported annual revenue declined from $55.4M to $15.8M (-71%), with total assets most recently reported at $22.7M.

Interactive year-over-year charts and full filing details available with membership.

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