2025-03-24T10:14:15-05:00 2024-06-30 210658561 BOWMAN & COMPANY LLP 601 WHITE HORSE ROAD VOORHEES NJ 080432493 990 2023-07-01 222846440 LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC LATI 8563381177 433 MARKET STREET SUITE 202 CAMDEN NJ 081021572 RAYMOND LAMBOY PRESIDENT & CEO 8563381177 2025-03-12 1 1 MICHAEL D LACATENA P00294921 8564356200 2025-03-10 2023 2025-03-06 01:10:19Z RAYMOND LAMBOY 433 MARKET STREET SUITE 202 CAMDEN NJ 081021572 722829 0 X WWW.LAEDA.COM X 1987 NJ LAEDA IS DEDICATED: TO THE CREATION OF SMALL BUSINESS OWNERSHIP OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED MINORITIES, TO CONTRIBUTE TO THE GROWTH AND SUCCESS OF MINORITY OWNED SMALL BUSINESSES AND THE DEVELOPMENT OF THE MARKETPLACE IN THE COMMUNITIES WE SERVE. 5 5 10 3 0 0 557969 577775 0 0 131 138 -59555 -83374 498545 494539 0 0 0 0 417844 432510 0 0 0 106503 133975 524347 566485 -25802 -71946 1486521 1383782 631013 581252 855508 802530 X THE LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION, INC (LAEDA) IS A NON-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION DEDICATED: TO THE CREATION OF SMALL BUSINESS OWNERSHIP OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED MINORITIES, TO CONTRIBUTE TO THE GROWTH AND SUCCESS OF MINORITY OWNED SMALL BUSINESSES AND THE DEVELOPMENT OF THE MARKETPLACE IN THE COMMUNITIES WE SERVE.THIS NON-PROFIT WAS FORMED WITH THE PURPOSE:1.TO RAISE THE ECONOMIC, EDUCATIONAL, AND SOCIAL LEVELS OF THE ECONOMICALLY DISADVANTAGED RESIDENTS, PRIMARILY MEMBERS OF THE MINORITY COMMUNITY, IN THE DELAWARE VALLEY, PRIMARILY THE CITY OF CAMDEN, NEW JERSEY; TO FOSTER AND PROMOTE EMPLOYMENT CREATION INITIATIVES AND EXPANSION OF THE JOB BASE IN THE COMMUNITY; AND TO FOSTER AND PROMOTE COMMUNITY-WIDE INTEREST AND CONCERN FOR THE PROBLEMS OF SUCH RESIDENTS TO THE END THAT (A) EDUCATIONAL AND ECONOMIC OPPORTUNITIES MAY BE EXPANDED; (B) SICKNESS, POVERTY, CRIME, AND ENVIRONMENTAL DEGRADATION MAY BE LESSENED; AND (C) RACIAL TENSIONS 0 0 471789 PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED SMALL MINORITY BUSINESSES AND ASSISTANCE IN THE CREATION OF NEW SMALL MINORITY BUSINESSES WITHIN CAMDEN COUNTY, NJ. THIS IS ACCOMPLISHED THROUGH ENTREPRENURIAL TRAINING, RESEARCH, TECHNICAL ASSISTANCE AND COMMERCIAL DEVELOPMENT. 471789 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 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 1 0 0 0 1 15 0 1 10 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X RAYMOND LAMBOY 8563381177 433 MARKET ST STE 202 CAMDEN NJ 08102 KRISTA BEY SECRETARY 2.00 X 0 0 0 DIANA PEREZ MEMBER 2.00 X 0 0 0 JOSE MERCADO BOARD CHAIR 2.00 X 0 0 0 JUSTIN DENG TREASURER 2.00 X 0 0 0 JOSUE CASTRO MEMBER 2.00 X 0 0 0 RAYMOND LAMBOY PRESIDENT & CEO 40.00 X 94904 0 22474 94904 0 22474 0 0 0 0 0 325122 252653 577775 138 138 129916 228290 -98374 -98374 -98374 MGMT. FEE-LAEDA COMM. 561000 15000 15000 15000 494539 -83374 0 138 117378 102118 15260 264810 219594 45216 19911 15204 4707 30411 25845 4566 16913 16713 200 26119 19286 6833 6868 6788 80 8636 6245 2391 73 73 PROFESSIONAL FEES 41846 35416 6430 DUES AND SUBSCRIPTIONS 12187 10536 1651 COMPUTER SERVICES 8386 6495 1891 WEB DESIGN & HOSTING 4965 2557 2408 7982 4919 3063 566485 471789 94696 0 577183 426331 10500 10500 66639 138094 1200 1317 232 232 2015 2015 1638569 1050558 630438 588011 198314 217282 1486521 1383782 26162 21260 16897 16480 535738 513180 52216 30332 631013 581252 X 668408 660430 187100 142100 855508 802530 1486521 1383782 -71946 18968 0 X 0 1 X 0 0 X 395535 519902 622044 557969 577775 2673225 395535 519902 622044 557969 577775 2673225 54506 2618719 131802 127977 104019 128687 130054 622539 12000 12000 15000 15000 15000 69000 3364764 392 0.77830 0.72690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62000 62000 148000 102058 45942 1428569 948500 480069 588011 SECURITY DEPOSITS 10626 DUE TO LAEDA COMMERCIAL DEV CORP 19706 30332 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - PDF COPIES ARE FORWARDED TO EACH MEMBER OF THE BOARD OF DIRECTORS WITH A REQUEST FOR ANY QUESTIONS TO BE POSED TO THE BOARD CHAIR AND CEO AND/OR POSED AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EVERY NEW HIRE IS REQUIRED TO REVIEW AND DISCLOSE ANY CONFLICTS OF INTEREST. IN REAL-TIME, THE CEO AND OFFICE ADMINISTRATOR MONITOR THE ACTIVITIES OF THE BOARD AND STAFF AND ADDRESS ANY PERCEIVED OR ACTUAL CONFLICT WITH THE BOARD MEMBER OR STAFF MEMBER. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION PREPARES AN ANNUAL FINANCIAL BUDGET. WITHIN THE BUDGET, COMPENSATION FOR THE EXECUTIVE DIRECTOR IS PRESENTED. THE BOARD OF DIRECTORS REVIEWS AND APPROVES OR DISAPPROVES OF THE BUDGETED COMPENSATION ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 INTERESTED PARTIES MAY MAKE A REQUEST IN WRITING STATING REASON AND PURPOSE FOR REQUEST (USED TO TRACK REQUESTS AND NOT USED FOR DENIAL). ALL PARTIES MAKING REQUESTS MAY NOT BE DENIED ACCESS TO THESE DOCUMENTS. LAEDA COMMERCIAL DEVELOPMENT CORP 433 MARKET STREET SUITE 202 CAMDEN NJ 08102 223249272 RENTAL REAL ESTATE NJ LAEDA INC C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 LAEDA COMMERCIAL DEVELOPMENT CORP L 15000 AMOUNT RCV'D