2024-11-15T12:20:12-06:00 2023-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2023-01-01 820551614 LATINO COMMUNITY DEVELOPMENT CENTER LATI 9196889270 100 WEST MORGAN STREET DURHAM NC 27701 RODRIGO INIGUEZ CFO 9196889270 2024-11-15 1 1 MEGAN MCCANDLISH CPA P02452420 2482443000 2024-11-14 2023 2024-10-15 13:58:12Z MARIA VICTORIA GARCIA 100 WEST MORGAN STREET DURHAM NC 27701 326943 0 X WWW.LATINOCCU.ORG/ABOUT-US/LCDC X 2002 NC LATINO COMMUNITY DEVELOPMENT CENTER PROMOTES FINANCIAL LITERACY, ACCESS TO FINANCIAL SERVICES, AFFORDABLE HOUSING, AND ECONOMIC DEVELOPMENT FOR THE LOW INCOME IMMIGRANT LATINO/HISPANIC POPULATION IN NORTH CAROLINA. 4 3 0 9 0 0 248122 244992 0 0 4726 25383 24333 56568 277181 326943 873140 62273 0 0 0 0 0 0 0 54734 154194 927874 216467 -650693 110476 2307671 1770589 673737 26179 1633934 1744410 LATINO COMMUNITY DEVELOPMENT CENTER PROMOTES FINANCIAL LITERACY, ACCESS TO FINANCIAL SERVICES, AFFORDABLE HOUSING, AND ECONOMIC DEVELOPMENT FOR THE LOW INCOME IMMIGRANT LATINO/HISPANIC POPULATION IN NORTH CAROLINA. 0 0 123667 62273 PROVIDE FINANCIAL EDUCATION TO LOW INCOME COMMUNITIES TRADITIONALLY DENIED ACCESS TO FINANCIAL SERVICES. THERE WERE 1,966 PARTICIPANTS IN THE FINANCIAL EDUCATION PROGRAM AND 338 GRADUATES OF THE WORKSHOP SERIES IN 2023. PROVIDE ACCESS TO FINANCIAL SERVICES TO LOW INCOME COMMUNITIES TRADITIONALLY LEFT OUT OF THE FINANCIAL SERVICES SECTOR. AFFORDABLE HOUSING DEVELOPMENT, PRIMARILY REHABILTATION AND NEW CONSTRUCTION OF SINGLE FAMILY HOMES FOR LOW TO MODERATE INCOME FAMILIES. 123667 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MARIA VICTORIA GARCIA 9196889270 100 WEST MORGAN STREET DURHAM NC 27701 JOHN HERRERA CHAIR 1.00 X X 0 0 0 ALEJANDRO LUTZ LEFT AUG 2023 SECRETARY 1.00 X X 0 0 0 ERIKA BELL DIRECTOR 1.00 1.00 X 0 0 0 MARIA SCANGA DIRECTOR 1.00 2.00 X 0 0 0 MARIA VICTORIA GARCIA EXECUTIVE DIRECTOR 1.00 40.00 X 0 291013 24618 LUIS PASTOR LEFT JAN 2023 EXECUTIVE DIRECTOR & TREASURER 1.00 40.00 X X 0 447346 17195 0 738359 41813 0 0 1 0 0 167412 77580 244992 25383 25383 OTHER REVENUE 900099 56568 56568 56568 326943 0 0 81951 X 62273 62273 653 381 272 5844 1967 3877 34465 34465 562 116 446 43472 93 43379 713 497 216 FINANCIAL EDUCATION 38135 38135 OTHER PROGRAM EXPENSES 19550 19550 REIMBURSED GRANT EXPENS 9933 9933 MISCELLANEOUS EXPENSES 867 655 212 216467 123667 92800 0 23789 2079427 1644289 177946 83333 50298 19178 2307671 1770589 672990 26179 747 673737 26179 X 1457982 1654032 175952 90378 1633934 1744410 2307671 1770589 110476 0 X X 0 1 X 1 0 X 106970 490738 412928 177989 244992 1433617 106970 490738 412928 177989 244992 1433617 504837 928780 9058 7423 3380 4726 25383 49970 56568 56568 1540155 0.60300 0.57540 X PART II, LINE 10 MISCELLANEOUS INCOME - $56,568 0 X 326943 0 326943 0 326943 216467 0 216467 0 216467 PART X, LINE 2: THE CENTER IS A PUBLICLY SUPPORTED NONPROFIT ORGANIZATION RECOGNIZED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. MANAGEMENT HAS CONCLUDED THAT THE CENTER HAS PROPERLY MAINTAINED THEIR EXEMPT STATUS AND HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. IN ADDITION, ALL REVENUE WITHIN THE STATEMENT OF ACTIVITIES HAS BEEN PROPERLY CLASSIFIED AS EXEMPT FOR THE YEAR ENDED DECEMBER 31, 2023. THE PRIOR THREE TAX YEARS THROUGH THE CURRENT YEAR ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES; THERE ARE CURRENTLY NO EXAMINATIONS BEING CONDUCTED. 0 LATIN-19 112 BROADWAY ST STE B DURHAM NC 27701 872248916 62273 0 IMPROVING HEALTH LITERACY FOR EQUITABLE COMMUNITY RESPONSE TO COVID-19 0 0 0 0 0 0 0 0 0 LUIS PASTOR LEFT JAN 2023 EXECUTIVE DIRECTOR & TREASURER 0 391243 0 0 0 56103 0 3625 0 13570 0 464541 0 0 MARIA VICTORIA GARCIA EXECUTIVE DIRECTOR 0 291013 0 0 0 0 0 17449 0 7169 0 315631 0 0 FORM 990, PART VI, SECTION B, LINE 11B LCDC HAS A COMPREHENSIVE PROCESS TO REVIEW THE 990. THE 990 IS FIRST COMPLETED BY THE FINANCE DEPARTMENT AFTER THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE COMPLETED. THE 990 IS THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND SENT TO THE BOARD FOR THEIR REVIEW BEFORE BEING SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C LCDC'S CONFLICT OF INTEREST POLICY STATES THAT THE RESPONSIBILITY FOR AVOIDING AND DISCLOSING BOTH ACTUAL AND POTENTIAL CONFLICTS FALLS ON THE INDIVIDUAL DIRECTORS AND COMMITTEE MEMBERS THEMSELVES. FAILURE TO COMPLY WITH LCDC POLICIES CONCERNING CONFLICT OF INTEREST MAY SUBJECT THE DIRECTOR OR COMMITTEE MEMBER TO REMOVAL. A CONFLICT OF INTEREST IS PRESENT WHENEVER A DIRECTOR OR COMMITTEE MEMBER HAS A MATERIAL FINANCIAL INTEREST IN A PROPOSED CONTRACT OR TRANSACTION TO WHICH LCDC MAY BE A PARTY. A CONFLICT OF INTEREST MAY ALSO EXIST WHERE THE PRIVATE INTERESTS OF A DIRECTOR OR COMMITTEE MEMBER AND HIS OR HER OFFICIAL LCDC RESPONSIBILITIES CONFLICT. THE DEFINITION OF A DIRECTOR OR COMMITTEE MEMBER ALSO INCLUDES THE INDIVIDUAL'S IMMEDIATE FAMILY, WHICH INCLUDES A PERSON'S SPOUSE, PARENTS, SIBLINGS, CHILDREN, LIFE PARTNER AND ANYONE LIVING WITHIN THE PERSON'S HOUSEHOLD AS A FAMILY MEMBER. THE BOARD OF DIRECTORS, WITHOUT THE PARTICIPATION OR VOTE OF THE DIRECTOR INVOLVED, WILL EVALUATE DISCLOSURES AND ANY OTHER INFORMATION CONCERNING ACTUAL AND POTENTIAL CONFLICTS OF INTEREST AND TAKE THE APPROPRIATE ACTION IN THE BEST INTERESTS OF LCDC. THE BOARD MAY ASK DISINTERESTED PARTIES TO REVIEW THE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND RECOMMEND A COURSE OF ACTION BASED ON STATUTES, REGULATIONS, BY LAW PROVISIONS AND INTERNAL POLICIES. FORM 990, PART VI, SECTION C, LINE 19 LCDC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON INTEREST. FORM 990, PART IX, LINE 11G FINANCIAL EDUCATION OPERATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,297. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,297. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 23,168. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,168. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. LATINO COMMUNITY CREDIT UNION 100 WEST MORGAN STREET DURHAM NC 27701 562180770 ETHICAL FINANCIAL PRODUCTS & EDUCATION NC 501(C)(14) 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0