Nonprofit · EIN 51-0467167
LATINO ECONOMIC DEVELOPMENT CENTER
Tax-exempt · SAINT PAUL, MN 55106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,021,136 | $3,941,376 | $6,079,760 | $27,897,290 | $11,948,016 | $15,949,274 |
| December 31, 2024 | 990 | $4,365,246 | $3,997,678 | $367,568 | $19,999,593 | $10,147,902 | $9,851,691 |
| December 31, 2023 | 990 | $6,991,102 | $3,516,316 | $3,474,786 | $15,421,358 | $5,463,473 | $9,957,885 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $9,157,364
- of which government grants
- $7,116,701
- Program service revenue
- $291,099
- Investment income
- $563,102
- Other revenue
- $9,571
Expenses
- Grants and similar amounts paid
- $25,000
- Compensation of officers, directors and key employees
- $230,262
- Other salaries and wages
- $1,172,695
- Salaries, compensation and benefits (total)
- $1,914,406
- Professional fundraising fees
- $0
- Legal fees
- $73,634
- Accounting fees
- $365,957
- Occupancy
- $135,773
- Travel
- $25,370
- Depreciation
- $61,488
- Program services (functional)
- $2,538,174
- Management and general (functional)
- $1,206,498
- Fundraising (functional)
- $196,704
Balance sheet and other
- Total assets, start of year
- $19,999,593
- Total assets, end of year
- $27,897,290
- Total liabilities, end of year
- $11,948,016
- Net assets, end of year
- $15,949,274
- Land, buildings and equipment
- $8,451,202
- Publicly traded securities
- $1,040,575
- Net assets without donor restrictions
- $12,533,858
- Net assets with donor restrictions
- $3,415,416
- Gross receipts
- $10,021,136
- Employees
- 24
- Volunteers
- 29
- Year formed
- 2003
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alma Flores | Executive Director Officer | 40 | $208,600 | $21,662 |
| Carlos Lopez | Board President Trustee or director, Officer | 1 | $0 | $0 |
| Ruben Hidalgo | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Uri Camarena | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Vanessa Butler | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Angela Knudson | Board Member Trustee or director | 1 | $0 | $0 |
| Eduardo Mozqueda | Board Member Trustee or director | 1 | $0 | $0 |
| Tony Vannicola | Board Member Trustee or director | 1 | $0 | $0 |
| Jennifer Carlson | Board Member Trustee or director | 1 | $0 | $0 |
| Linda Correa Bates | Board Member Trustee or director | 1 | $0 | $0 |
| Ambar Cristina Hanson | Board Member Trustee or director | 1 | $0 | $0 |
| Carlos Lamboglia | Board Member Trustee or director | 1 | $0 | $0 |
| Jeremy Wermerskirchen | Board Member Trustee or director | 1 | $0 | $0 |
| Braynell Estrada Britton | Board Member Trustee or director | 1 | $0 | $0 |
| Johan Gomez Sang | Board Member Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Esme Miranda | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jose Camarena-Michel | Interim Executive Director Officer | 40 | $108,000 | $18,875 |
| Alma Flores | Executive Director Officer | 40 | $45,015 | $2,691 |
| Henry Jimenez | Past Executive Director Officer | 40 | $34,615 | $4,089 |
| Carlos Lopez | Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Uri Camarena | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Ruben Hidalgo | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Angela Knudson | Director Trustee or director | 1 | $0 | $0 |
| Eduardo Mozqueda | Director Trustee or director | 1 | $0 | $0 |
| Tony Vannicola | Director Trustee or director | 1 | $0 | $0 |
| Carlos Lamboglia | Director Trustee or director | 1 | $0 | $0 |
| Vanessa Butler | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Carlson | Director Trustee or director | 1 | $0 | $0 |
| Linda Correa Bates | Director Trustee or director | 1 | $0 | $0 |
| Ambar Cristina Hanson | Director Trustee or director | 1 | $0 | $0 |
| Alejandro Trevino | Director Trustee or director | 1 | $0 | $0 |
| John Uribe | Director Trustee or director | 1 | $0 | $0 |
| Jeremy Wermerskirchen | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Henry Jimenez | Executive Director Officer | 40 | $218,212 | $23,287 |
| Enrique Blanco | Director of Operations Highest-paid employee | 40 | $121,139 | $740 |
| Uri Camarena | Director Trustee or director | 1 | $0 | $0 |
| Carlos Lamboglia | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Ruben Hidalgo | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Eduardo Mozqueda | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Tony Vannicola | Director Trustee or director | 1 | $0 | $0 |
| Angela Knudson | Director Trustee or director | 1 | $0 | $0 |
| Vanessa Butler | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Carlson | Director Trustee or director | 1 | $0 | $0 |
| Linda Correa Bates | Director Trustee or director | 1 | $0 | $0 |
| Ambar Cristina Hanson | Director Trustee or director | 1 | $0 | $0 |
| Carlos Lopez | Director Trustee or director | 1 | $0 | $0 |
| Oliver Perez | Director Trustee or director | 1 | $0 | $0 |
| Alex Trevino | Director Trustee or director | 1 | $0 | $0 |
| John Uribe | Director Trustee or director | 1 | $0 | $0 |
| Jeremy Wermerskirchen | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 804 MARGARET ST, SAINT PAUL, MN 55106-5019
- In care of
- % RAMON LEON
- Principal officer (990 for 2025)
- Alma Flores, 804 Margaret Street, Saint Paul, MN 55106
- Signed the 990
- Alma Flores, Executive Director
- Phone
- (612) 724-5332
- Website
- www.ledcmn.org
- Return prepared by
- Abdo LLP
Mission
To transform our community by creating economic opportunities for Latinos.
Program accomplishments
- LEDC's Lending Program, the only Latino-focused CDFI (Community Development Fund Institution) in Minnesota and the upper Midwest, addresses the significant barriers faced by small businesses in accessing affordable capital. LEDC provides flexible underwriting standards that don't require large personal assets for collateral, and expert navigation through the complexities of capital and small business development. In 2025, LEDC's Lending program worked with clients to approve 45 loans totaling $3.5 million and leveraged $7.92 million in external capital to help our clients grow their businesses. LEDC has more than 150 active lending clients in our organization's loan portfolio totaling $9.5 million in capital deployed to support small business growth in Minnesota.Expenses $669,732 · revenue $473,977
- LEDC's Business Development Program helps entrepreneurs prepare to launch or grow their business, including communications and marketing, budgeting, digital literacy, commercial insurance, taxation, and other areas of technical assistance. Our Business Development associates guide each member in creating their business plan and provide access to resources and education needed to meet their goals. Through direct support and referrals to specialized service providers, we support clients with their needs in finance, legal issues, technology, information technology (IT), human resources (HR) issues, and industry-specific regulations. Last year, LEDC's Business Development program supported more than 500 aspiring entrepreneurs and small business owners through business development workshops and one-on-one business consulting provided in Spanish and English.Expenses $1,538,140 · grants $25,000 · revenue $230,614
- LEDC's Regenerative Agriculture Program provides technical assistance, business development, and access to affordable capital and markets that help beginning and established farmers and entrepreneurs start new farming or food production enterprises or grow their existing farm businesses. Additional services include Organic and GAP certification and navigating the complex system of government agriculture programs. Throughout 2025, LEDC's Regenerative Agriculture program provided technical assistance to 39 farmers and agriculture-focused businesses with 861 hours of technical assistance. With this technical assistance, LEDC helped these farms secure $726,000 in external capital.Expenses $330,302
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0467167
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $27,897,290
- Income (IRS master file)
- $10,021,136
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,021,136 | $3,941,376 | $27,897,290 | XML |
| 990 | December 2024 | $4,365,246 | $3,997,678 | $19,999,593 | XML |
| 990 | December 2023 | $6,991,102 | $3,516,316 | $15,421,358 | XML |
| 990 | December 2022 | $4,726,530 | $4,491,158 | $11,425,396 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0467167).
Questions about LATINO ECONOMIC DEVELOPMENT CENTER
- What is the EIN of LATINO ECONOMIC DEVELOPMENT CENTER?
- The employer identification number (EIN) of LATINO ECONOMIC DEVELOPMENT CENTER is 51-0467167.
- Is LATINO ECONOMIC DEVELOPMENT CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to LATINO ECONOMIC DEVELOPMENT CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LATINO ECONOMIC DEVELOPMENT CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LATINO ECONOMIC DEVELOPMENT CENTER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LATINO ECONOMIC DEVELOPMENT CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LATINO ECONOMIC DEVELOPMENT CENTER?
- The 990 for the year ended December 31, 2025 names Alma Flores.
- Who are the officers and directors of LATINO ECONOMIC DEVELOPMENT CENTER?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $208,600 (Alma Flores, Executive Director).
- How much revenue does LATINO ECONOMIC DEVELOPMENT CENTER have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,021,136, expenses of $3,941,376 and total assets of $27,897,290 at year end.
Other nonprofits in SAINT PAUL
- SHOLOM HOME EAST INC EIN 41-0695462 · last filed 990 for 2025
- COMMUNITY NEIGHBORHOOD HOUSING SERVICES INC EIN 41-1386089 · last filed 990 for 2025
- RONDO COMMUNITY LAND TRUST EIN 41-1753148 · last filed 990 for 2024
- HEARTH CONNECTION EIN 41-1945956 · last filed 990 for 2024
- COMMUNITY HOUSING CORPORATION OF AMERICA INC EIN 36-3728180 · last filed 990 for 2024
- CONORTH EIN 41-1953515 · last filed 990 for 2025
- TWIN CITIES HOUSING DEVELOPMENT CORPORATION EIN 36-3287080 · last filed 990 for 2024
- WOMENS ADVOCATES INC EIN 23-7310701 · last filed 990 for 2025
All nonprofits in SAINT PAUL · Minnesota · Housing and shelter