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Latino Economic Development Corporation of Washington Dc

EIN 52-1749216 · Washington, DC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood77 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

LEDC'S MISSION IS TO CATALYZE ECONOMIC ADVANCEMENT OF LATINOS AND LOCAL COMMUNITIES BY BRIDGING THE GAP TO CAPITAL AND RESOURCES TO ACHIEVE FINANCIAL PROSPERITY. PARTICIPANTS IN OUR PROGRAMS LEARN HOW TO BUILD THEIR LONG-TERM FINANCIAL STABILITY AND PROSPERITY BY BUYING OR STAYING IN THEIR HOMES AND STARTING OR EXPANDING THEIR BUSINESS. THE ENTIRE WASHINGTON, DC, MARYLAND, AND VIRGINIA REGION IS STRONGER WHEN ALL FAMILIES HAVE THE POWER TO ACHIEVE FINANCIAL INDEPENDENCE AND JOIN IN TO IMPROVE THEIR NEIGHBORHOODS.

Income
$15.8 million
Spending
$16.0 million
Spent on programs
79%
Reserves
10.9 months of spending
Largest source of income
donations and private grants, 48%
Employees
79
Volunteers
146
Highest pay
$237,445, executive director

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 77 out of 100. Higher than 65% of charities in its peer group (community improvement, $10m to $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 10.9 months of spending.

  • Debt

    16 of 20

    It owes 27% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    10 of 15

    Income fell 4% on the year before.

  • Spending floor

    15 of 15

    79% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 42% of charities in its peer group (community improvement, $10m to $100m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $4.4 million spent. SMALL BUSINESS PROGRAMSLEDC'S BUSINESS SUPPORT SERVICES OFFER COACHING AND FINANCING OPTIONS DESIGNED TO MEET THE NEEDS OF EMERGING AND ESTABLISHED ENTREPRENEURS ACROSS WASHINGTON, DC, MARYLAND, VIRGINIA, AND PUERTO RICO. OUR EXPERIENCED TEAM PROVIDES A FULL RANGE OF SERVICES INCLUDING WORKSHOPS, STRUCTURED LEARNING COHORTS, AND ONE-ON-ONE BUSINESS GUIDANCEON TOPICS SUCH AS BUSINESS PLANNING, LICENSING, DIGITAL PRESENCE, SALES, FINANCIAL RECORDKEEPING, AND USING TECHNOLOGY FOR OPERATIONAL EFFICIENCY.IN FY2025, LEDC TRAINED 1,049 ENTREPRENEURS THROUGH 46 SMALL BUSINESS DEVELOPMENT WORKSHOPS AND DELIVERED 4,162.25 HOURS OF INDIVIDUALIZED TECHNICAL ASSISTANCE TO 999 CLIENTS, PROVIDING TAILORED GUIDANCE TO HELP BUSINESSES STABILIZE AND GROW.LEDC ALSO OFFERS A RANGE OF BUSINESS AND PERSONAL CREDIT-BUILDING LOANS, FROM $500 TO $2,500, AND UP TO $250,000 IN SMALL BUSINESS LOANS. AS A U.S. TREASURY-CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) SINCE 2003 AND AN SBA-RECOGNIZED LENDER, LEDC'S PRODUCTS ARE DESIGNED TO MEET ENTREPRENEURS WHERE THEY ARE AND SUPPORT THEM THROUGH EVERY PHASE OF BUSINESS GROWTH. SPECIALIZED PROGRAMMING IS AVAILABLE FOR ENTREPRENEURS LOOKING TO JOIN TAILORED PEER LEARNING GROUPS OR ACCESS EARLY-STAGE CAPITAL. FOR BUSINESSES OPERATING IN AREAS UNDERGOING RAPID ECONOMIC CHANGE, LEDC PROVIDES SUBSIDIZED CONSULTING, INCLUDING LEASE REVIEW AND NEGOTIATION SERVICES.
  2. $2.1 million spent. HOUSING PROGRAMSLEDC'S HOUSING PROGRAMS PROVIDE HOMEOWNERSHIP COUNSELING AND FORECLOSURE PREVENTION SERVICES THAT HELP INDIVIDUALS AND FAMILIES ACHIEVE LONG-TERM HOUSING STABILITY. AS A HUD-CERTIFIED COUNSELING AGENCY, OUR TEAM GUIDES FIRST-TIME HOMEBUYERS THROUGH THE FULL PURCHASING PROCESSFROM FINANCIAL READINESS TO ACCESSING DOWN PAYMENT AND CLOSING COST ASSISTANCE. WE ALSO SUPPORT HOMEOWNERS AT RISK OF FORECLOSURE BY HELPING THEM EVALUATE OPTIONS AND NAVIGATE SUSTAINABLE SOLUTIONS. IN FY2025, LEDC PROVIDED HOMEOWNERSHIP EDUCATION TO OVER 3,185 INDIVIDUALS AND ONE-ON-ONE COUNSELING TO 934 CLIENTS. AS A RESULT, 409 FIRST-TIME HOMEBUYERS SUCCESSFULLY PURCHASED HOMES, LEVERAGING MORE THAN $282 MILLION IN TOTAL HOME PURCHASE VALUE. IN ADDITION TO HOMEOWNERSHIP SUPPORT, LEDC ASSISTS TENANTS IN UNDERSTANDING THEIR RIGHTS AND MAINTAINING HOUSING STABILITY. THROUGH PARTNERSHIPS WITH TENANT ASSOCIATIONS AND LEGAL PROTECTIONS SUCH AS THE TENANT OPPORTUNITY TO PURCHASE ACT (TOPA), LEDC HELPS RESIDENTS IN OVER 30 BUILDINGS REPRESENTING MORE THAN 2,611 UNITS PRESERVE AFFORDABILITY AND IMPROVE THEIR HOUSING CONDITIONS. LEDC ALSO PROVIDED RENTAL ASSISTANCE SERVICES TO 331 TENANTS IN MD AND DC.
  3. $6.1 million spent. DIRECT COMMUNITY INVESTMENTS (DCI)THE DIRECT COMMUNITY INVESTMENTS DEPARTMENT WAS LAUNCHED IN 2020 TO PROVIDE RAPID, EFFICIENT FINANCIAL RELIEF TO INDIVIDUALS AND SMALL ENTERPRISES DURING ECONOMIC DISRUPTIONS. CONTRACTED BY PUBLIC AGENCIES AND PHILANTHROPIC PARTNERS, DCI BUILT STREAMLINED SYSTEMS TO SIMPLIFY THE APPLICATION AND DISTRIBUTION PROCESS FOR FINANCIAL AID. THE TEAM DEVELOPED A CUSTOM SOFTWARE PLATFORM THAT ENABLES FAST DISBURSEMENT, ACCURATE REPORTING, AND DATA-INFORMED DECISION-MAKING.DCI EMPHASIZES ACCESSIBLE SERVICES THAT MEET PEOPLE WHERE THEY ARE. WITH ITS PROVEN SYSTEMS AND RESPONSIVE APPROACH, DCI HAS BECOME A TRUSTED ADMINISTRATOR OF EMERGENCY AND RECOVERY PROGRAMS. IN FY2025 ALONE, DCI AWARDED $4,929,099.57 IN DIRECT ASSISTANCE TO 693 INDIVIDUALS AND SMALL BUSINESSES, PROVIDING TIMELY SUPPORT TO STABILIZE HOUSEHOLDS AND SUSTAIN LOCAL ENTERPRISES.
  4. OTHER PROGRAM SERVICESLEDC'S FINANCIAL EMPOWERMENT DEPARTMENT EQUIPS INDIVIDUALS WITH TOOLS TO MAKE INFORMED FINANCIAL DECISIONS, BUILD LONG-TERM STABILITY, AND REDUCE EXPOSURE TO ECONOMIC RISK. THE PROGRAM HELPS PARTICIPANTS UNDERSTAND THE KEY FACTORS INFLUENCING FINANCIAL BEHAVIOR AND TEACHES PRACTICAL STRATEGIES TO MANAGE MONEY, INCREASE SAVINGS, AND REDUCE DEBT.THROUGH A MIX OF GROUP AND PERSONALIZED SESSIONS, PARTICIPANTS LEARN TO CREATE BUDGETS, IMPROVE CREDIT, AND SET ACHIEVABLE FINANCIAL GOALS. THE CURRICULUM EMPHASIZES THE CONNECTION BETWEEN BORROWING AND REPAYMENT BEHAVIORS AND PROVIDES TOOLS TO UNDERSTAND CREDIT SCORES AND THE BROADER BANKING SYSTEM. COUNSELING SESSIONS INCLUDE ACCESS TO CREDIT REPORTS, GUIDANCE ON DISPUTING ERRORS, AND DEBT MANAGEMENT PLANNING. CLIENTS CAN ALSO BE REFERRED TO ADDITIONAL SUPPORT SERVICES, SUCH AS SMALL-DOLLAR LOANS OR HOUSING PROGRAMS, TO CONTINUE BUILDING TOWARD GREATER FINANCIAL SECURITY.IN FY2025, THE FINANCIAL EMPOWERMENT TEAM PROVIDED 168 HOURS OF ONE-ON-ONE COACHING TO 141 CLIENTS, DELIVERING INDIVIDUALIZED GUIDANCE TAILORED TO EACH PARTICIPANT'S FINANCIAL GOALS. ADDITIONALLY, 535 INDIVIDUALS ATTENDED FINANCIAL EDUCATION WORKSHOPS, EXPANDING ACCESS TO FOUNDATIONAL FINANCIAL KNOWLEDGE ACROSS THE COMMUNITY.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 1992.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.