LOCAL ENTERPRISE ASSISTANCE FUND INC | LEAF
BOSTON, MA | Suffolk County
Economic Development
Overview
LOCAL ENTERPRISE ASSISTANCE FUND INC | LEAF
04-2763724
386 WESTERN AVE
BOSTON, MA 02135
Suffolk County
BOSTON, MA 02135
Suffolk County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Economic Development
Nonprofit location
- Majority Minority Census Tract
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
E92
E - Health - General & Rehabilitative
Home Health Care
Visiting nurse associations and other similar organizations that provide skilled nursing care and related health services on a home care basis for recently discharged hospital patients, and elderly or disabled individuals who may otherwise be institutionalized.
IRS Activity Codes
402
Other activity aimed at combating community deterioration
403
Attracting new industry or retaining industry in an area
560
Supplying money, goods or services to the poor
Standard Business Classification (NAICS Code)
621610
Home Health Care Services
CRA Alignment
CRA Category
Economic Development
Workforce development, job training, and small business or startup support.
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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
Community Development Financial Institution
Date Certified
9/17/2013
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2013 | $600,000 | CDFI Financial Assistance | Local Enterprise Assistance Fund, Inc. |
| 2014 | $400,000 | CDFI Financial Assistance | Local Enterprise Assistance Fund, Inc. |
| 2015 | $700,000 | CDFI Financial Assistance | Local Enterprise Assistance Fund, Inc. |
| 2016 | $600,000 | CDFI Financial Assistance | Local Enterprise Assistance Fund, Inc. |
| 2017 | $916,905 | CDFI Financial Assistance | Local Enterprise Assistance Fund, Inc. |
| 2020 | $650,000 | CDFI Financial Assistance | Local Enterprise Assistance Fund, Inc. |
| 2021 | $525,000 | CDFI Financial Assistance | Local Enterprise Assistance Fund, Inc. |
| 2021 | $1,826,265 | CDFI Rapid Response Program (COVID-19) | Local Enterprise Assistance Fund, Inc. |
| 2020 | $1,150,000 | Healthy Food Financial Initiative Financial Assistance | Local Enterprise Assistance Fund, Inc. |
| 2021 | $2,000,000 | Healthy Food Financial Initiative Financial Assistance | Local Enterprise Assistance Fund, Inc. |
Includes CDFI Fund awards granted between January 2013 and December 2023
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$3.4M
Revenue
$3.4M
Assets
$15.5M
IRS Business Master File Details
As of November 2022 Update
Exempt Ruling Date
2020-06
Deductibility Status
Deductible
Last Tax Filing
2021
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Publication 78 Details
As of April 2023
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
Nonprofit Location
Physical Address
386 WESTERN AVE
BOSTON, MA 02135
Suffolk County
BOSTON, MA 02135
Suffolk County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
14454
MSA/MD
25
State
025
County
0001.02
Tract
Middle
Income Level
Core-Based Statistical Area
14460 - Boston-Cambridge-Newton, MA-NH
Combined Statistical Area
148 - Boston-Worcester-Providence, MA-RI-NH-CT
Metropolitan Division
14454 - Boston, MA
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
57.86%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
| Census Tract | County | |
|---|---|---|
| 0001.02 | Suffolk County | |
| Population | ||
| Total Population | 3,714 | 792,647 |
| Total Households | 1,322 | 315,192 |
| Income | ||
| Median Family Income (Census*) | $98,850 | $80,260 |
| Median Family Income (2022 FFIEC est.) | $129,500 | $129,500 |
| Tract Income Percentage | 87.78% | N/A |
| Below Poverty Level | 23.7% | 17.3% |
| Unemployment Level | 1.8% | 6.9% |
| Housing | ||
| Total Housing Units | 1,424 | 346,557 |
| Total Owner-Occupied Units | 20.4% | 36.2% |
| Total Renter-Occupied Units | 72.5% | 63.8% |
| Total Vacant Units | 7.2% | 5.1% |
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
Management
Not reported
Total Voting Members
in Governing Body
in Governing Body
Not reported
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Not reported by nonprofit.
Principal Officer
Not reported by nonprofit.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
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
Organization Activities
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.
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