2025-04-15T19:18:36-05:00 2024-05-31 042211907 MILLER WACHMAN LLP 100 CAMBRIDGE STREET 13TH FLOOR BOSTON MA 021142548 990 2023-06-01 042763724 LOCAL ENTERPRISE ASSISTANCE FUND LOCA 6172321551 386 WESTERN AVENUE BOSTON MA 02135 GERARDO ESPINOZA EXECUTIVE DIRECTOR 6172321551 2025-04-15 1 0 STEPHEN GUNZBURGER CPA P00306107 6173386800 2025-04-15 2023 2025-03-06 01:10:19Z LEAF GERARDO ESPINOZA 386 WESTERN AVENUE BOSTON MA 02135 5216398 0 X WWW.LEAFFUND.ORG X 1982 MA NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION PROVIDING LOW COST FINANCING AND TECHNICAL ASSISTANCE TO WORKER-OWNED COOPERATIVES AND COMMUNITY-OWNED BUSINESSES. 11 7 17 0 0 0 2529240 3762944 786751 1175827 208756 277627 0 0 3524747 5216398 84000 78558 0 0 1423172 2507069 0 0 477218 1410981 1738342 2918153 4323969 606594 892429 26238896 31143770 15486915 19499360 10751981 11644410 LEAF'S MISSION IS TO PROMOTE HUMAN AND ECONOMIC DEVELOPMENT BY PROVIDING FINANCING AND DEVELOPMENT ASSISTANCE TO COOPERATIVES AND SOCIAL PURPOSE VENTURES THAT CREATE AND RETAIN JOBS FOR LOW-INCOME PEOPLE. 0 0 3351038 78558 1175827 LEAF'S FINANCING ACTIVITIES ARE DIRECTED TOWARDS COMPANIES THAT HAVE THE FOLLOWING FOCUS:1) HEALTHY FOODS;2) AFFORDABLE HOUSING;3) COOPERATIVE OWNERSHIP;4) EMPOWERMENT OF LOW-INCOME PEOPLE TO CREATE AND MANAGE THEIR OWN BUSINESS 3351038 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 17 1 0 0 0 0 0 0 0 0 0 0 X 11 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X GERARDO ESPINOZA 6172321551 386 WESTERN AVE BOSTON MA 02135 GERARDO ESPINOZA DIRECTOR LEAF EXECUTIVE DIRECTOR 40.00 X 171286 0 0 CHRISTOPHER HUNTER DIRECTOR LEAF ADVISORY SERVICE DIRECTOR 40.00 X 135124 0 0 FATIHA AINANE LEAF SENIOR FINANCIAL ANALYST 40.00 X 46081 0 0 MATHEW PIRES LEAF FINANCIAL ANALYST 40.00 X 76068 0 0 DAMILOLA ODETOLA DIRECTOR & TREASURER 2.00 X X 0 0 0 ALEXANDER PYLE DIRECTOR & CLERK 2.00 X X 0 0 0 CHRISTINE CLAMP DIRECTOR & CHAIRPERSON 2.00 X X 0 0 0 TERRY LEWIS DIRECTOR 1.00 X 0 0 0 DAVID HAMMER DIRECTOR 1.00 X 0 0 0 SHELLEY MILLER DIRECTOR 1.00 X 0 0 0 JOHN SMITH DIRECTOR 1.00 X 0 0 0 AMINE BENALI DIRECTOR LEAF MANAGING DIRECTOR 40.00 X 160950 0 0 JOSE LUIS ROJAS DIRECTOR LEAF CHIEF LENDING OFFICER 32.00 X 148867 0 0 CONOR MCFARLAND LEAF DEVELOPMENT MANAGER - TERMED OCT 2024 40.00 X 114904 0 0 ALAN SINGER LEAF SENIOR LOAN OFFICER 40.00 X 109034 0 0 962314 0 0 10 0 1 0 THOUGHTBOT INC 41 WINTER STREET BOSTON MA 02108 CONSULTING & TECHNOLOGY PLATFORM 240879 1 3407860 355084 3762944 INTEREST & FEES ON LOA 522110 1175827 1175827 1175827 277627 277627 5216398 1175827 0 277627 78558 78558 536739 375180 79892 81667 1575287 1101122 234480 239685 206201 144145 30695 31361 188842 132000 28109 28733 79087 55282 11772 12033 403324 403324 PROFESSIONAL FEES 559540 387938 99314 72288 LOAN LOSS RESERVE 467372 467372 OTHER 229019 206117 11451 11451 4323969 3351038 495713 477218 2923994 1150897 9224204 6372376 225000 1000000 1757162 4723341 329376 82655 55773 34750 26882 69986 71001 12003800 17469897 26238896 31143770 572471 1211712 60000 72749 125000 14784458 18142358 69986 72541 15486915 19499360 X 10751981 11644410 10751981 11644410 26238896 31143770 892429 0 X 0 1 X 1 1 1 X 1111985 2605269 7711392 2529240 3762944 17720830 602099 741422 629171 786751 1175827 3935270 1714084 3346691 8340563 3315991 4938771 21656100 43557 43557 323914 96583 957392 1377889 367471 96583 957392 1421446 20234654 40697 4971 2638 208757 277627 534690 40697 4971 2638 208757 277627 534690 1754781 3351662 8343201 3524748 5216398 22190790 0.91180 0.89890 0.02410 0.01620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82655 55773 26882 26882 LONG-TERM NOTES RECEIVABLE 17469897 17469897 ROU LIABILITY 72541 72541 5216398 0 5216398 0 5216398 4323969 0 4323969 0 4323969 X X 1 FRIEDMAN ASSOCIATES 1 KNOLLWOOD LANE IOWA CITY IA 52245 GRANT WRITING 0 0 45500 0 STEPPINGSTONE PARTNERS 318 N ITHAN AVENUE ROSEMONT PA 19010 GRANT WRITING 0 0 16844 0 62344 1 BUILDING AUDACITY 280 UNION STREET LYNN MA 02138 15000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION ELLIOT FARM LLC 202 MAIN STREET LAKEVILLE MA 02347 25000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION DORCHESTER FOOD CO-OP 195 BOWDOIN STREET BOSTON MA 02122 15000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION HOMESTEAD HARVEST 30 TEMPLE STREET WHITMAN MA 02382 10558 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION COASTAL FOODSHED 127 W RODNEY BLVD NEW BEDFORD MA 02744 13000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION 5 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS. GRANTS ARE AWARDED IN AN OBJECTIVE AND NON-DISCRIMINATORY MANNER. X 0 0 0 0 0 0 0 0 0 GERARDO ESPINOZA DIRECTOR LEAF EXECUTIVE DIRECTOR 171286 0 0 0 0 0 0 0 0 0 171286 0 0 0 AMINE BENALI DIRECTOR LEAF MANAGING DIRECTOR 160950 0 0 0 0 0 0 0 0 0 160950 0 0 0 PART I, LINE 3 A COMPENSATION COMMITEE DETERMINES THE COMPENSATION DAMILOLA ODETOLA BOARD OF DIRECTOR LOAN PAYABLE FROM FINANCIAL INSTITUTION WHERE BOD IS A VICE PRESIDENT X 100000 100000 0 1 1 ALEXANDER PYLE BOARD OF DIRECTOR LOAN PAYABLE X 25000 25000 0 1 1 JOHN SMITH BOARD OF DIRECTOR LOAN RECEIVABLE TO A NON-PROFIT WHERE BOD IS THE EXECUTIVE DIRECTOR X 360000 329376 0 1 1 454376 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. THE MEMBERS ARE FULL TIME AND PART TIME EMPLOYEES OF LEAF THAT HAVE BEEN EMPLOYED AT LEAST SIX MONTHS AND APPROVED BY TWO THIRDS OF THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B RELOCATION OF LEAF REQUIRES APPROVAL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED FOR THE MEMBERS TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE ANNUAL MEETING, ALL OFFICERS AND DIRECTORS ARE REQUIRED TO SUBMIT A WRITTEN CONFLICT OF INTEREST DISCLOSURE FORM, IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, A COMMITTEE OF INDEPENDENT DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION AND EVALUATES THE COMPENSATION AS TO REASONABLENESS IN THE CONTEXT OF COMPENSATION FOR NOT FOR PROFIT EXECUTIVES WITH SIMILAR RESPONSIBILITIES IN THE SAME GEOGRAPHIC AREA. A WRITTEN RECORD IS KEPT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.