LOS ANGELES LDC INC

Los Angeles, CA | Los Angeles County
Economic Development

Overview

LOS ANGELES LDC INC
95-3532380
1010 WILSHIRE BLVD APT 807
Los Angeles, CA 90017
Los Angeles County
(213) 362-9113

Mission Statement info

LOS ANGELES LDC, INC. (LDC) AND AFFILIATES (COLLECTIVELY, THE ORGANIZATION) IS A NOT-FOR-PROFIT COMMUNITY DEVELOPMENT FINANCIAL SERVICES CORPORATION ORGANIZED TO PROMOTE COMMUNITY DEVELOPMENT BY INITIATING, SPONSORING, PROMOTING AND CARRYING OUT PLANS, POLICIES AND ACTIVITIES THAT PROMOTE THE CREATION AND RETENTION OF JOBS BY EXPANDING BUSINESSES AND REVITALIZING ECONOMICALLY DISTRESSED COMMUNITIES PRIMARILY THROUGHOUT CALIFORNIA. THE ORGANIZATION PROVIDES DIRECT LOANS, INVESTMENTS AND TECHNICAL ASSISTANCE TO BUSINESSES, REAL ESTATE DEVELOPERS, NOT-FOR-PROFIT SERVICE PROVIDERS AND OTHER TARGETED BORROWERS OPERATING IN SPECIFIC INVESTMENT AREAS.

Founded info
1980
Total Employees info
2
Total Volunteers info
0
CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Award Recipient
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
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2002
$220,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$266.6K
Revenue
$266.6K
Assets
$2.8M
Exempt Ruling Date info
1999-05
Deductibility Status info
Deductible
Tax Filing Year info
2018
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
CA
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 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

Nonprofit Location

Physical Address info
1010 WILSHIRE BLVD APT 807
Los Angeles, CA 90017
Los Angeles County
FIPS Geocoded Address info
31080
MSA/CBSA info
06
State info
037
County info
2092.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Los Angeles-Long Beach-Anaheim, CA
Combined Statistical Area info
Los Angeles-Long Beach, CA
Metropolitan Division info
Los Angeles-Long Beach-Glendale, CA
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 75.12%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
2092.00 Los Angeles County
Population
Total Population 3,276 10,081,570
Total Households 1,513 3,316,795
Income
Median Family Income (Census*) $36,343 $68,044
Median Family Income (2019 FFIEC) $73,100 N/A
Tract Income Percentage 57.96% N/A
Below Poverty Level 38.4% 14.9%
Unemployment Level 7.3% 6.1%
Housing
Total Housing Units 1,766 3,542,800
Total Owner-Occupied Units 6.4% 45.8%
Total Renter-Occupied Units 79.3% 54.2%
Total Vacant Units 14.3% 4.4%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

6
Total Voting Members
in Governing Body
info
6
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Michael Banner
President
(213) 362-9113
Principal Officer info
Michael Banner
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

"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.