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

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
Most Recent CDFI Award info
2017
$916,905
CDFI Financial Assistance
2016
$600,000
CDFI Financial Assistance
2015
$700,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.5M
Revenue
$1.5M
Assets
$10.9M
Exempt Ruling Date info
2020-06
Deductibility Status info
Deductible
Last Tax Filing info
2019
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
Not reported
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)

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 3,714 801,162
Total Households 1,322 312,978
Income
Median Family Income (Census*) $98,850 $74,881
Median Family Income (2022 FFIEC est.) $129,500 N/A
Tract Income Percentage 87.78% N/A
Below Poverty Level 23.7% 17.4%
Unemployment Level 1.8% 6.8%
Housing
Total Housing Units 1,424 341,231
Total Owner-Occupied Units 20.4% 36.3%
Total Renter-Occupied Units 72.5% 63.7%
Total Vacant Units 7.2% 4.6%
* 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

Not reported
Total Voting Members
in Governing Body
info
Not reported
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Not reported by nonprofit.
Principal Officer info
Not reported by nonprofit.
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.