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Nonprofiteer
← LATINO COMMUNITY DEVELOPMENT CENTER

Form 990 for tax year 2023

Filed by LATINO COMMUNITY DEVELOPMENT CENTER.

Totals

Total revenue
$326,943
Total expenses
$216,467
Contributions and grants received
$244,992
Grants paid
$62,273
Program service revenue
$0
Investment income
$25,383
Other revenue
$56,568
Total assets, end of year
$1,770,589
Total liabilities, end of year
$26,179
Net assets or fund balances, end of year
$1,744,410
Program services expenses (Part IX)
$123,667
Management and general expenses
$92,800
Fundraising expenses
$0
Program service expenses (Part III)
$123,667

Program services were 57.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $167,412

  • 1f · All other contributions, gifts and grants

    $77,580

  • 3 · Investment income

    total $25,383 · excluded $25,383

  • 11a · Other revenue: OTHER REVENUE

    total $56,568 · excluded $56,568

  • 11e · Other revenue, total

    $56,568

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,273 · program services $62,273

  • 11b · Fees: legal

    total $653 · program services $381 · management and general $272

  • 11c · Fees: accounting

    total $5,844 · program services $1,967 · management and general $3,877

  • 11g · Fees: other

    total $34,465 · management and general $34,465

  • 13 · Office expenses

    total $562 · program services $116 · management and general $446

  • 14 · Information technology

    total $43,472 · program services $93 · management and general $43,379

  • 17 · Travel

    total $713 · program services $497 · management and general $216

  • 24a · Other expenses: FINANCIAL EDUCATION

    total $38,135 · program services $38,135

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $19,550 · program services $19,550

  • 24c · Other expenses: REIMBURSED GRANT EXPENS

    total $9,933 · management and general $9,933

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $867 · program services $655 · management and general $212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $23,789

  • 2 · Savings and temporary cash investments

    beginning of year $2,079,427 · end of year $1,644,289

  • 3 · Pledges and grants receivable

    beginning of year $177,946 · end of year $83,333

  • 4 · Accounts receivable

    beginning of year $50,298 · end of year $19,178

  • 17 · Accounts payable and accrued expenses

    beginning of year $672,990 · end of year $26,179

  • 19 · Deferred revenue

    beginning of year $747

  • 27 · Net assets without donor restrictions

    beginning of year $1,457,982 · end of year $1,654,032

  • 28 · Net assets with donor restrictions

    beginning of year $175,952 · end of year $90,378

Mission and programs · 2023

Mission

LATINO COMMUNITY DEVELOPMENT CENTER PROMOTES FINANCIAL LITERACY, ACCESS TO FINANCIAL SERVICES, AFFORDABLE HOUSING, AND ECONOMIC DEVELOPMENT FOR THE LOW INCOME IMMIGRANT LATINO/HISPANIC POPULATION IN NORTH CAROLINA.

  • PROVIDE FINANCIAL EDUCATION TO LOW INCOME COMMUNITIES TRADITIONALLY DENIED ACCESS TO FINANCIAL SERVICES. THERE WERE 1,966 PARTICIPANTS IN THE FINANCIAL EDUCATION PROGRAM AND 338 GRADUATES OF THE WORKSHOP SERIES IN 2023.

    Expenses $123,667 · Grants $62,273

  • PROVIDE ACCESS TO FINANCIAL SERVICES TO LOW INCOME COMMUNITIES TRADITIONALLY LEFT OUT OF THE FINANCIAL SERVICES SECTOR.

  • AFFORDABLE HOUSING DEVELOPMENT, PRIMARILY REHABILTATION AND NEW CONSTRUCTION OF SINGLE FAMILY HOMES FOR LOW TO MODERATE INCOME FAMILIES.

As filed on the 2023 return.

Listed in Part VII

  • John Herrera

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alejandro Lutz Left Aug 2023

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Erika Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Maria Scanga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Maria Victoria Garcia

    EXECUTIVE DIRECTOR

    Total calculated
    $315,631
    From this org
    $0
    From related orgs
    $291,013
    Other
    $24,618
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,013 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,449 related
    Nontaxable benefits
    $0 + $7,169 related
    Filer's total
    $0 + $315,631 related

  • Luis Pastor Left Jan 2023

    EXECUTIVE DIRECTOR & TREASURER

    Total calculated
    $464,541
    From this org
    $0
    From related orgs
    $447,346
    Other
    $17,195
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,243 related
    Bonus
    $0
    Other
    $0 + $56,103 related
    Deferred
    $0 + $3,625 related
    Nontaxable benefits
    $0 + $13,570 related
    Filer's total
    $0 + $464,541 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • LATIN-19

    $62,273

    IMPROVING HEALTH LITERACY FOR EQUITABLE COMMUNITY RESPONSE TO COVID-19

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349312241

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