2024-11-15T13:25:45-06:00 2023-12-31 470716239 HAYES & ASSOCIATES LLC 13120 PIERCE ST SUITE 201 OMAHA NE 68144 990 2023-01-01 141973678 MIDLANDS LATINO COMMUNITY DEVELOPMENT CORPORATION MIDL 4029959623 4923 S 24TH STREET SUITE 201 OMAHA NE 68107 MATT LINDELL BOARD PRESIDENT 4029959623 2024-11-14 1 1 FRANK HAYES P00139616 4023902480 2024-11-14 2023 2024-10-15 13:58:12Z LA FUENTE BUSINESS CENTER MATT LINDELL 4923 S 24TH STREET SUITE 201 OMAHA NE 68107 483552 0 X HTTPS://WWW.LAFUENTEBUSINESSCENTER.ORG/ X 2006 NE MLCDC PROVIDES LOW INCOME COMMUNITIES WITH OPPORTUNITIES TO GENERATE ECONOMIC GROWTH BY PROVIDING FINANCING PRODUCTS, DEVELOPMENT SERVICES, AND COMMUNITY DEVELOPMENT THAT ADVANCES THEIR ABILITY TO DEVELOP A SUSTAINABLE FUTURE IN THE MIDLANDS. 6 6 4 45 0 0 509674 462834 16117 20718 0 0 0 0 525791 483552 0 0 0 0 293922 263656 0 0 40924 195355 264772 489277 528428 36514 -44876 1341477 755384 212391 189887 1129086 565497 X MLCDC PROVIDES LOW INCOME COMMUNITIES WITH OPPORTUNITIES TO GENERATE ECONOMIC GROWTH BY PROVIDING FINANCING PRODUCTS, DEVELOPMENT SERVICES, AND COMMUNITY DEVELOPMENT THAT ADVANCES THEIR ABILITY TO DEVELOP A SUSTAINABLE FUTURE IN THE MIDLANDS.MLCDC IS A NON-PROFIT ORGANIZATION THAT PROVIDES TECHNICAL ASSISTANCE AND TRAININGS WITH ITS FINANCIAL STABILITY, ENTREPRENEURSHIP, AND LENDING PROGRAMS. MLCDC IS A COMMUNITY ECONOMIC DEVELOPMENT INSTITUTION AND HAS BEEN SERVING THE COMMUNITY SINCE 2006. 0 0 123156 FINANCIAL STABILITY MLCDC PROVIDED FINANCIAL EDUCATION TRAINING IN SPANISH, ENGLISH, ANDARABIC VIRTUALLY AND IN PERSON. DURING 2023, WE PROVIDED SERVICES TO225 INDIVIDUALS LOCATED IN THE GREATER OMAHA AREA AND EAST NEBRASKA AND 35 INDIVIDUALS IN COUNCIL BLUFFS. THESE CLASSES PROMPTED 210 HOURS OF FOLLOW-UP SERVICES THROUGH FINANCIAL COACHING. WE WORKED WITH THE MEXICAN CONSULATE IN OMAHA, NEBRASKA WHERE MLCDC PROVIDED WEEKLY PRESENTATIONS TO INDIVIDUALS ABOUT PERSONAL FINANCES. 226094 ENTREPRENEURSHIPMLCDC PROVIDED BUSINESS PLANNING AND BUSINESS ADMINISTRATION TRAINING.180 STUDENTS ENROLLED FOR THE BUSINESS PLAN CLASS. 80 CLIENTS ENROLLEDIN THE BUSINESS ADMINISTRATION CLASSES. 80 PERCENT OF OUR CLIENTS AREWOMEN AND WE HELPED TO REGISTER 54 NEW LIMITED LIABILITY COMPANIESWHILE PROVIDING 910 HOURS OF TECHNICAL ASSISTANCE THAT INCLUDE: PRODUCTDEVELOPMENT, SALES TAX, EIN REGISTRATION, FINANCIAL PROJECTIONS,OPERATIONS, MARKETING, AND SALES. MLCDC CONTINUES TO PROVIDE TECHNICALASSISTANCE TO 180 BIPOC BUSINESSES THAT HELPED TO REGISTER THEIRBUSINESSES SINCE 2019. 35 5909 LENDINGLENDING PROGRAMS: IN 2023, 1 LOAN APPLICATION WAS APPROVED. THIS LOANAPPLICATION WAS FOR A NEW GROCERY STORE THAT CREATED 2 NEW JOBS INTHE GREATER OMAHA AREA. WE CONTINUE TO PROVIDE SERVICES TO 5 LOANS THATRETAINED 23 JOBS SINCE 2021. MLCDC CONTINUE PROVIDING LOANS THROUGH THE SUPPORT OF CED GRANT AND LOCAL FOUNDATIONS TO PROVIDE LOANS TO CREATE JOBS IN THE GREATER OMAHA AREA. MLCDC IS WORKING WITH NALCAB TO APPLY FOR THE CDFI CERTIFICATION IN 2024. 14809 14809 349285 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 1 0 X X JUAN MONTOYA 4029959623 4923 S 24TH STREET SUITE 201 OMAHA NE 68107 MATT LINDELL PRESIDENT 1.00 X X 0 0 0 AMY CAROLUS TREASURER 1.00 X X 0 0 0 SARAH MOHON SECRETARY 1.00 X X 0 0 0 COREY STEEN DIRECTOR 1.00 X 0 0 0 CAROL RUSSELL DIRECTOR 1.00 X 0 0 0 MICHELLE JOHNSON DIRECTOR 1.00 X 0 0 0 JUAN MONTOYA EXECUTIVE DIRECTOR 55.00 X 112800 0 0 112800 0 0 0 0 0 0 0 462834 462834 PROGRAM REVENUE 522291 20718 20718 20718 483552 0 0 20718 X 112800 86856 20304 5640 132015 101651 23763 6601 18841 14508 3391 942 19061 2097 16964 75276 58277 2850 14149 14828 13418 1410 21694 18064 3630 42072 25107 16965 4084 4084 2921 2921 1999 1999 4514 4514 1523 1523 REBRANDING 24092 10500 13592 BAD DEBT 18986 18986 SUPPLIES 12993 6632 6361 PROGRAM EXPENSE 12391 8745 3646 8338 3430 4908 528428 349285 138219 40924 1065118 510687 0 20143 119470 96598 0 850 41455 10348 31461 31107 125428 95999 1341477 755384 38313 44876 50000 50000 124078 95011 212391 189887 X 220743 324612 908343 240885 1129086 565497 1341477 755384 -44876 -518713 0 X X 0 1 X 1 0 X 354138 145833 403778 500029 451683 1855461 354138 145833 403778 500029 451683 1855461 1855461 2407 2407 1857868 145780 0.99870 0.99830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41455 10348 31107 31107 SECURITY DEPOSITS 2400 RIGHT OF USE ASSET, NET 93599 95999 LEASE LIABILITY 95011 95011 X 483552 0 483552 0 483552 528428 0 528428 0 528428 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAXES ARE INCLUDED IN THESE FINANCIAL STATEMENTS. THE CORPORATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION'S FEDERAL RETURNS OF ORGANIZATIONS EXEMPT FROM INCOME TAX (FORM 990) ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S TREASURER PRESENTS A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND ACCEPTANCE PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE BASED ON COMPARABLY SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 58,277. MANAGEMENT AND GENERAL EXPENSES 2,850. FUNDRAISING EXPENSES 14,149. TOTAL EXPENSES 75,276. PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.