Nonprofit · EIN 88-1698006
LATINO ECONOMIC DEVELOPMENT CORPORATION INC
Tax-exempt · SPRINGFIELD, MA 01103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $825,230 | $849,602 | -$24,372 | $636,488 | $793,211 | -$156,723 |
| June 30, 2024 | 990 | $427,217 | $473,942 | -$46,725 | $455,053 | $587,404 | -$132,351 |
| June 30, 2023 | 990-EZ | $2,510 | $252,389 | -$249,879 | $2,510 | $88,136 | -$85,626 |
| June 30, 2022 | 990-EZ | $175,000 | $10,747 | $164,253 | $164,253 | $0 | $164,253 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $793,259
- of which government grants
- $792,489
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $31,971
- Other revenue
- $31,971
Expenses
- Grants and similar amounts paid
- $189,900
- Other salaries and wages
- $124,884
- Salaries, compensation and benefits (total)
- $124,884
- Professional fundraising fees
- $0
- Occupancy
- $135,748
- Travel
- $1,091
- Program services (functional)
- $730,957
- Management and general (functional)
- $118,645
Balance sheet and other
- Total assets, start of year
- $455,053
- Total assets, end of year
- $636,488
- Total liabilities, end of year
- $793,211
- Net assets, end of year
- -$156,723
- Net assets without donor restrictions
- -$156,723
- Gross receipts
- $825,230
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2022
- State of legal domicile
- MA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL KNAPIK | CHAIRMAN/PRESIDENT Trustee or director, Officer | 1 | $0 |
| NORMAN ROLDAN | PRESIDENT (AS OF 03/25) Trustee or director, Officer | 1 | $0 |
| BETH CHAGUE | TREASURER Trustee or director, Officer | 1 | $0 |
| JOSE CLAUDIO | TREASURER (AS OF 03/25) Trustee or director, Officer | 1 | $0 |
| JOESIAH GONZALEZ | CLERK (AS OF 03/25) Trustee or director, Officer | 1 | $0 |
| JORGE COLON | DIRECTOR Trustee or director | 1 | $0 |
| LYDIA MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH CHAGUE | TREASURER Trustee or director, Officer | 1 | $0 |
| JOSE CLAUDIO | CLERK Trustee or director, Officer | 1 | $0 |
| JORGE COLON | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL KNAPIK | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LYDIA MARTINEZ | CURRENT PRES Trustee or director | 1 | $0 |
| NORMAN ROLDAN | DIRECTOR Trustee or director | 1 | $0 |
990-EZ for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HERIBERTO FLORES | CHAIRMAN/PRESIDENT | 1 | $0 |
| JOHN MOTTO | TREASURER (ENDED 7/21/22) | 1 | $0 |
| DANIEL KNAPIK | CLERK | 1 | $0 |
| JOSE CLAUDIO | DIRECTOR | 1 | $0 |
| NORMAN ROLDAN | DIRECTOR | 1 | $0 |
| LYDIA MARTINEZ | DIRECTOR | 1 | $0 |
| ANDREW HYRNIEWICZ | TREASURER (AS OF 1/12/23) | 1 | $0 |
990-EZ for the year ended June 30, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HERIBERTO FLORES | CHAIRMAN/PRESIDENT | 1 | $0 |
| JOHN MOTTO | TREASURER | 1 | $0 |
| DANIEL KNAPIK | CLERK | 1 | $0 |
| JOSE CLAUDIO | DIRECTOR | 1 | $0 |
| NORMAN ROLDAN | DIRECTOR | 1 | $0 |
| LYDIA MARTINEZ | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11-13 HAMPDEN STREET, SPRINGFIELD, MA 01103-1293
- Mailing address (990-N for 2021)
- 11-13 HAMPDEN STREET, SPRINGFIELD MA 01103
- Principal officer (990 for 2024)
- ANDREW MELENDEZ, 20 FORT STREET, SPRINGFIELD, MA 01103
- Principal officer (990-N for 2021)
- DANIEL M KNAPIK, 11-13 HAMPDEN STREET, SPRINGFIELD MA 01103
- Signed the 990
- ANDREW MELENDEZ, CEO
- Phone
- (413) 272-2200
- Return prepared by
- CLIFTONLARSONALLEN
Mission
TO DEVELOP AND SUPPORT LATINO BUSINESSES IN MASSACHUSETTS; TO PROMOTE AND SUPPORT THE ECONOMIC, CIVIC AND SOCIALWELFARE OF THE LATINO COMMUNITY IN MASSACHUSETTS; TO PROMOTE AND SUPPORT ECONOMIC GROWTH BUSINESS DEVELOPMENTIN THE LATINO COMMUNITY IN MASSACHUSETTS; TO ENGAGE IN ANY OTHER CIVIC, EDUCATIONAL, CHARITABLE OR BENEVOLENTACTIVITY PERMITTED UNDER THE PROVISIONS OF CHAPTER 180 OF THE GENERAL LAW OF THE COMMONWEALTH.
Program accomplishments
- LATINO ECONOMIC DEVELOPMENT CORPORATION (LEDC) CREATED AND LAUNCHED A MINI GRANT PROGRAM THATPROVIDED DIRECT FINANCIAL SUPPORT TO DOZENS OF SMALL BUSINESSES, HELPING STRENGTHEN OPERATIONS, RETAINJOBS, AND EXPAND ECONOMIC OPPORTUNITIES THROUGHOUT THE COMMUNITY. THROUGH THIS INITIATIVE AND RELATEDPROGRAMMING, LEDC HAS SUPPORTED HUNDREDS OF ENTREPRENEURS, WORKERS, YOUTH, AND FAMILIES ACROSS THEREGION.IN ADDITION TO GRANT FUNDING, LEDC DELIVERED EXTENSIVE ONE-ON-ONE BUSINESS COACHING AND TECHNICALASSISTANCE TO ENTREPRENEURS AND STARTUP BUSINESSES, HELPING GUIDE BUSINESS PLANNING, FINANCIAL LITERACY,MARKETING, COMPLIANCE, AND LONG-TERM SUSTAINABILITY. THESE SERVICES EMPOWERED BUSINESS OWNERS WITHTHE TOOLS AND MENTORSHIP NEEDED TO GROW AND CREATE ADDITIONAL EMPLOYMENT OPPORTUNITIES.LEDC ALSO HOSTED LARGE-SCALE BUSINESS SUMMITS, NETWORKING EVENTS, WORKFORCE DEVELOPMENT TRAININGS,AND YOUTH ENGAGEMENT INITIATIVES THAT COLLECTIVELY IMPACTED HUNDREDS OF INDIVIDUALS. PROGRAMS FOCUSEDON ENTREPRENEURSHIP, CAREER READINESS, WORKFORCE EXPOSURE, LEADERSHIP DEVELOPMENT, AND HANDS-ONLEARNING OPPORTUNITIES FOR YOUTH AND YOUNG ADULTS, HELPING CONNECT PARTICIPANTS TO EMPLOYMENTPATHWAYS, MENTORSHIP, AND ECONOMIC MOBILITY.Expenses $730,957 · grants $189,900
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 88-1698006
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $636,488
- Income (IRS master file)
- $825,230
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $825,230 | $849,602 | $636,488 | IRS |
| 990 | June 2024 | $427,217 | $473,942 | $455,053 | XML |
| 990-EZ | June 2023 | $2,510 | $252,389 | $2,510 | XML |
| 990-N for 2021 Officer: DANIEL M KNAPIK | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2022 | $175,000 | $10,747 | $164,253 | XML |
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 88-1698006).
Questions about LATINO ECONOMIC DEVELOPMENT CORPORATION INC
- What is the EIN of LATINO ECONOMIC DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of LATINO ECONOMIC DEVELOPMENT CORPORATION INC is 88-1698006.
- Is LATINO ECONOMIC DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to LATINO ECONOMIC DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LATINO ECONOMIC DEVELOPMENT CORPORATION INC 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 CORPORATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LATINO ECONOMIC DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LATINO ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 names ANDREW MELENDEZ.
- Who are the officers and directors of LATINO ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LATINO ECONOMIC DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $825,230, expenses of $849,602 and total assets of $636,488 at year end.
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