LOCAL ENTERPRISE ASSISTANCE FUND INC | LEAF

BOSTON, MA | Suffolk County
Economic Development
LOCAL ENTERPRISE ASSISTANCE FUND INC | LEAF
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

LOCAL ENTERPRISE ASSISTANCE FUND INC | LEAF
04-2763724
386 WESTERN AVE
BOSTON, MA 02135
Suffolk County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
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 info
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) info
621610
Home Health Care Services

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
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
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2013 $600,000 CDFI Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.
2014 $400,000 CDFI Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.
2015 $700,000 CDFI Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.
2016 $600,000 CDFI Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.
2017 $916,905 CDFI Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.
2020 $650,000 CDFI Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.
2021 $525,000 CDFI Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.
2021 $1,826,265 CDFI Rapid Response Program (COVID-19) open_in_new Local Enterprise Assistance Fund, Inc.
2020 $1,150,000 Healthy Food Financial Initiative Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.
2021 $2,000,000 Healthy Food Financial Initiative Financial Assistance open_in_new Local Enterprise Assistance Fund, Inc.

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$8.3M
Revenue
$8.3M
Assets
$24.2M

IRS Business Master File Details info

As of Oct 2023
Exempt Ruling Date info
2020-06
Deductibility Status info
Deductible
Last Tax Filing info
2022
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
Basis for Foundation/Public Charity Status info
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 info

As of Nov 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-05
E-File
990
XML
990
Tax period ending in
2021-05
E-File
990
XML
990
Tax period ending in
2020-05
PDF
990
Tax period ending in
2019-05
PDF
990
Tax period ending in
2018-05
PDF
990
Tax period ending in
2016-05
PDF
990

Nonprofit Location

Physical Address info
386 WESTERN AVE
BOSTON, MA 02135
Suffolk County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
14454
MSA/MD info
25
State info
025
County info
0001.02
Tract info
Middle
Income Level info
Core-Based Statistical Area info
14460 - Boston-Cambridge-Newton, MA-NH
Combined Statistical Area info
148 - Boston-Worcester-Providence, MA-RI-NH-CT
Metropolitan Division info
14454 - Boston, MA
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 57.86%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

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.
View more than 200 performance context data points for this county now.

Management

10
Total Voting Members
in Governing Body info
6
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Gerardo Espinoza
(617) 232-1551
Principal Officer info
Gerardo Espinoza
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 Whistleblower 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
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-05.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-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 help.findcra.com.