2025-11-06T07:03:59-06:00 2024-12-31 994260840 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2024-01-01 820551614 LATINO COMMUNITY DEVELOPMENT CENTER LATI 9195951704 100 WEST MORGAN STREET DURHAM NC 27701 RODRIGO INIGUEZ CFO 9196889270 2025-11-05 1 1 MEGAN MCCANDLISH CPA P02452420 2482443000 2025-11-05 2024 2025-03-06 01:10:19Z MARIA VICTORIA GARCIA 100 WEST MORGAN STREET DURHAM NC 27701 65268055 0 X WWW.LATINOCCU.ORG/ABOUT-US/LCDC X 2002 NC LATINO COMMUNITY DEVELOPMENT CENTER PROMOTES FINANCIAL LITERACY, ACCESS TO FINANCIAL SERVICES, AND ECONOMIC DEVELOPMENT PRIMARILY FOR THE LOW AND MODERATE INCOME POPULATION IN NORTH CAROLINA 4 3 0 9 0 0 244992 65177540 0 0 25383 62408 56568 28107 326943 65268055 62273 5000000 0 0 0 0 0 0 0 154194 232337 216467 5232337 110476 60035718 1770589 61956392 26179 176264 1744410 61780128 X LATINO COMMUNITY DEVELOPMENT CENTER PROMOTES FINANCIAL LITERACY, ACCESS TO FINANCIAL SERVICES, AND ECONOMIC DEVELOPMENT PRIMARILY FOR THE LOW AND MODERATE INCOME POPULATION IN NORTH CAROLINA. 0 1 24337 PROVIDE FINANCIAL EDUCATION TO LOW INCOME COMMUNITIES TRADITIONALLY DENIED ACCESS TO FINANCIAL SERVICES. THERE WERE 1,097 PARTICIPANTS IN THE FINANCIAL EDUCATION PROGRAM AND 373 GRADUATES OF THE WORKSHOP SERIES IN 2024. 5000000 5000000 PROVIDE ACCESS TO FINANCIAL SERVICES TO LOW INCOME COMMUNITIES TRADITIONALLY LEFT OUT OF THE FINANCIAL SERVICES SECTOR. 5024337 1 1 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 VICKY GARCIA 9195951709 100 WEST MORGAN STREET DURHAM NC 27701 JOHN HERRERA CHAIR 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 CEO 1.00 40.00 X 0 436658 27831 RODRIGO INIGUEZ CFO 1.00 40.00 X 0 264876 29475 0 701534 57306 0 0 1 0 0 147245 65030295 65177540 62408 62408 OTHER REVENUE 900099 28107 28107 28107 65268055 0 0 90515 5000000 5000000 28975 28975 145463 5270 140193 626 626 22258 22258 FINANCIAL EDUCATION 18352 18352 0 LCCU SERVICE FEES 10574 10574 MISCELLANEOUS EXPENSES 6089 89 6000 5232337 5024337 208000 0 23789 1644289 61909517 83333 0 19178 46875 1770589 61956392 26179 176264 26179 176264 X 1654032 61752160 90378 27968 1744410 61780128 1770589 61956392 60035718 0 X X 0 1 X 1 0 X 490738 412928 177989 244992 177540 1504187 490738 412928 177989 244992 177540 1504187 489632 1014555 7423 3380 4726 25383 62408 103320 56568 28107 84675 1692182 0.59960 0.60300 X PART II, LINE 10 MISCELLANEOUS INCOME - $28,107 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 65268055 0 65268055 0 65268055 5232337 0 5232337 0 5232337 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, 2024 AND 2023. IN ADDITION, ALL REVENUE WITHIN THE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET ASSETS HAS BEEN PROPERLY CLASSIFIED AS EXEMPT FOR THE YEARS ENDED DECEMBER 31, 2024 AND 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. 1 LATINO COMMUNITY CREDIT UNION 100 WEST MORGAN STREET DURHAM NC 27701 562180770 501(C)(14) 5000000 0 OPERATIONAL IMPROVEMENTS TO INCREASE ACCESS TO FINANCIAL SERVICES 0 1 PART I, LINE 2: GRANTS ARE APPROVED BY THE LCDC BOARD OF DIRECTORS. RECORDS OF EXPENSES AND USES OF FUNDS MUST BE MAINTAINED BY GRANTEES AND REPORTED UPON REQUEST. 0 0 0 0 0 0 0 0 0 MARIA VICTORIA GARCIA CEO 0 418950 0 17708 0 0 0 20591 0 7240 0 464489 0 0 RODRIGO INIGUEZ CFO 0 216961 0 47915 0 0 0 10781 0 18694 0 294351 0 0 FORM 990, PART III, LINE 3 THE ORGANIZATION IS NO LONGER INVOLVED IN AFFORDABLE HOUSING. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY DOES NOT REVIEW THE FORM 990 BEFORE FILING. HOWEVER, IT IS REVIEWED BY THE CFO AND THE EXECUTIVE DIRECTOR. 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 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) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 LATINO COMMUNITY CREDIT UNION B 5000000 ACTUAL GRANT FUNDS PAID