Nonprofit · EIN 82-0551614
LATINO COMMUNITY DEVELOPMENT CENTER
Tax-exempt · DURHAM, NC 27701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $65,268,055 | $5,232,337 | $60,035,718 | $61,956,392 | $176,264 | $61,780,128 |
| December 31, 2023 | 990 | $326,943 | $216,467 | $110,476 | $1,770,589 | $26,179 | $1,744,410 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $65,177,540
- Membership dues
- $147,245
- Program service revenue
- $0
- Investment income
- $62,408
- Other revenue
- $28,107
Expenses
- Grants and similar amounts paid
- $5,000,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $28,975
- Program services (functional)
- $5,024,337
- Management and general (functional)
- $208,000
Balance sheet and other
- Total assets, start of year
- $1,770,589
- Total assets, end of year
- $61,956,392
- Total liabilities, end of year
- $176,264
- Net assets, end of year
- $61,780,128
- Net assets without donor restrictions
- $61,752,160
- Net assets with donor restrictions
- $27,968
- Gross receipts
- $65,268,055
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2002
- State of legal domicile
- NC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARIA VICTORIA GARCIA | CEO Trustee or director | 1 | $0 | $436,658 | $27,831 |
| RODRIGO INIGUEZ | CFO Officer | 1 | $0 | $264,876 | $29,475 |
| JOHN HERRERA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIKA BELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIA SCANGA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LUIS PASTOR LEFT JAN 2023 | EXECUTIVE DIRECTOR & TREASURER Trustee or director, Officer | 1 | $0 | $447,346 | $17,195 |
| MARIA VICTORIA GARCIA | EXECUTIVE DIRECTOR Trustee or director | 1 | $0 | $291,013 | $24,618 |
| JOHN HERRERA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALEJANDRO LUTZ LEFT AUG 2023 | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIKA BELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIA SCANGA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 W MORGAN ST, DURHAM, NC 27701-3315
- Principal officer (990 for 2024)
- MARIA VICTORIA GARCIA, 100 WEST MORGAN STREET, DURHAM, NC 27701
- Signed the 990
- RODRIGO INIGUEZ, CFO
- Phone
- (919) 595-1704
- Return prepared by
- DOEREN MAYHEW
Mission
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.
Program accomplishments
- 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.Expenses $24,337
- PROVIDE ACCESS TO FINANCIAL SERVICES TO LOW INCOME COMMUNITIES TRADITIONALLY LEFT OUT OF THE FINANCIAL SERVICES SECTOR.Expenses $5,000,000 · grants $5,000,000
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 | Not 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
- 82-0551614
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P02)
- Assets (IRS master file)
- $61,956,392
- Income (IRS master file)
- $65,268,055
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $65,268,055 | $5,232,337 | $61,956,392 | XML |
| 990 | December 2023 | $326,943 | $216,467 | $1,770,589 | XML |
| 990 | December 2022 | $277,181 | $927,874 | $2,307,671 | 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 82-0551614).
Questions about LATINO COMMUNITY DEVELOPMENT CENTER
- What is the EIN of LATINO COMMUNITY DEVELOPMENT CENTER?
- The employer identification number (EIN) of LATINO COMMUNITY DEVELOPMENT CENTER is 82-0551614.
- Is LATINO COMMUNITY DEVELOPMENT CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to LATINO COMMUNITY DEVELOPMENT CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LATINO COMMUNITY 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 COMMUNITY DEVELOPMENT CENTER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LATINO COMMUNITY DEVELOPMENT CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LATINO COMMUNITY DEVELOPMENT CENTER?
- The 990 for the year ended December 31, 2024 names MARIA VICTORIA GARCIA.
- Who are the officers and directors of LATINO COMMUNITY DEVELOPMENT CENTER?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LATINO COMMUNITY DEVELOPMENT CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $65,268,055, expenses of $5,232,337 and total assets of $61,956,392 at year end.
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