LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC

WASHINGTON, DC | District of Columbia
Community Services

Overview

LATINO ECONOMIC DEVELOPMENT CORPORATION OF WASHINGTON DC
52-1749216
641 S ST NW
WASHINGTON, DC 20001
District of Columbia

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Community Services
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • HUD Counseling Agency
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S20

S - Community Improvement, Capacity Building

Community & Neighborhood Development

Organizations that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of an urban community or neighborhood. Use this code for community and neighborhood improvement organizations other than those specified below.

IRS Activity Codes info
400
Area development, redevelopment of renewal
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
-
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2017
$580,405
CDFI Financial Assistance
2016
$500,000
CDFI Financial Assistance
2010
$750,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Counseling Programs Offered info
  • Fair Housing Pre-Purchase Education
  • Financial Management/Budget Counseling
  • Financial, Budgeting and Credit Workshops
  • Mortgage Delinquency and Default
  • Non-Delinquency Post Purchase Workshops
  • Pre-Purchase Counseling
  • Pre-Purchase Homebuyer Workshops
  • Preventing/Resolving Mortgage Delinquency
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$16.8M
Revenue
$16.8M
Assets
$17.9M
Exempt Ruling Date info
1992-02
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
MD
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
641 S ST NW
WASHINGTON, DC 20001
District of Columbia
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
47894
MSA/MD info
11
State info
001
County info
0048.01
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
47900 - Washington-Arlington-Alexandria, DC-VA-MD-WV
Combined Statistical Area info
548 - Washington-Baltimore-Arlington, DC-MD-VA-WV-PA
Metropolitan Division info
47894 - Washington-Arlington-Alexandria, DC-VA-MD-WV
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 46.31%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0048.01 District of Columbia
Population
Total Population 2,820 701,974
Total Households 1,227 288,307
Income
Median Family Income (Census*) $100,526 $90,842
Median Family Income (2022 FFIEC est.) $139,700 N/A
Tract Income Percentage 79.64% N/A
Below Poverty Level 13.6% 15.5%
Unemployment Level 6.1% 7.1%
Housing
Total Housing Units 1,385 319,192
Total Owner-Occupied Units 32.9% 42.5%
Total Renter-Occupied Units 55.7% 57.5%
Total Vacant Units 11.4% 8.1%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

10
Total Voting Members
in Governing Body
info
10
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Marla Bilonick
Executive Director
(202) 588-5102
Principal Officer info
Marla Bilonick
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.