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LOCAL ENTERPRISE ASSISTANCE FUND INC

EIN 04-2763724 BOSTON, MA

Browse the largest nonprofits in Massachusetts

Revenue 2024
$5,593,085
Expenses 2024
$5,172,487

Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
J19
Classification
1000
Street
386 WESTERN AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

LEAF'S MISSION IS TO PROMOTE HUMAN AND ECONOMIC DEVELOPMENT BY PROVIDING FINANCING AND DEVELOPMENT ASSISTANCE TO COOPERATIVES AND SOCIAL PURPOSE VENTURES THAT CREATE AND RETAIN JOBS FOR LOW-INCOME PEOPLE.

Activities or mission (Part I)

NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION PROVIDING FLEXIBLE FINANCING AND TECHNICAL ASSISTANCE TO WORKER-OWNED COOPERATIVES AND COMMUNITY-OWNED BUSINESSES.

  • LEAF'S FINANCING ACTIVITIES ARE DIRECTED TOWARDS COMPANIES THAT HAVE THE FOLLOWING FOCUS:1) HEALTHY FOODS;2) AFFORDABLE HOUSING;3) COOPERATIVE OWNERSHIP;4) EMPOWERMENT OF LOW-INCOME PEOPLE TO CREATE AND MANAGE THEIR OWN BUSINESS

    Expenses $3,998,277 · Grants $318,577 · Revenue $1,498,012

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Gerardo Espinoza Director

    EXECUTIVE DIRECTOR

    Total calculated
    $210,840
    From this org
    $200,070
    From related orgs
    $0
    Other
    $10,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,070
    Bonus
    $24,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,770
    Filer's total
    $210,840

  • Christopher Hunter Director

    ADVISORY SERVICE DIRE

    Total calculated
    $181,415
    From this org
    $166,658
    From related orgs
    $0
    Other
    $14,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,877
    Bonus
    $24,781
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,757
    Filer's total
    $181,415

  • Fatiha Ainane

    SENIOR FINANCIAL ANAL

    Total calculated
    $145,566
    From this org
    $130,809
    From related orgs
    $0
    Other
    $14,757
    Hours/week
    40

  • Matthew Pires

    FINANCIAL ANALYST

    Total calculated
    $121,341
    From this org
    $118,880
    From related orgs
    $0
    Other
    $2,461
    Hours/week
    40

  • Damilola Odetola

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Alexander Pyle

    DIRECTOR & CLERK

    Total calculated
    $0
    Hours/week
    2

  • Christine Clamp

    DIRECTOR & CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Terry Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Hammer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelley Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amine Benali Director

    MANAGING DIRECTOR

    Total calculated
    $223,049
    From this org
    $183,154
    From related orgs
    $0
    Other
    $39,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,880
    Bonus
    $24,274
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,895
    Filer's total
    $223,049

  • Jose Luis Rojas Director

    CHIEF LENDING OFFICER

    Total calculated
    $176,893
    From this org
    $169,238
    From related orgs
    $0
    Other
    $7,655
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $147,368
    Bonus
    $21,870
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,655
    Filer's total
    $176,893

  • Carol Ann McAuliffe

    CFO

    Total calculated
    $222,857
    From this org
    $182,962
    From related orgs
    $0
    Other
    $39,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,962
    Bonus
    $28,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,895
    Filer's total
    $222,857

  • Virginia Berman

    DIR. OF COMM. & MARKETING

    Total calculated
    $131,202
    From this org
    $124,969
    From related orgs
    $0
    Other
    $6,233
    Hours/week
    40

  • Joshua Glickenhaus

    SENIOR LOAN OFFICER

    Total calculated
    $142,514
    From this org
    $136,154
    From related orgs
    $0
    Other
    $6,360
    Hours/week
    40

  • Mary Wong

    SENIOR LOAN OFFICER

    Total calculated
    $156,366
    From this org
    $125,838
    From related orgs
    $0
    Other
    $30,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,338
    Bonus
    $10,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,528
    Filer's total
    $156,366

  • Jordan Browne

    FINANCIAL ANALYST

    Total calculated
    $138,106
    From this org
    $123,349
    From related orgs
    $0
    Other
    $14,757
    Hours/week
    40

  • Alan Singer

    SENIOR LOAN OFFICER

    Total calculated
    $138,959
    From this org
    $118,953
    From related orgs
    $0
    Other
    $20,006
    Hours/week
    40

  • James Louney

    RETIRING CFO

    Total calculated
    $151,594
    From this org
    $149,751
    From related orgs
    $0
    Other
    $1,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,000
    Bonus
    $31,751
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,843
    Filer's total
    $151,594

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $5,593,085
    Expenses
    $5,172,487
    Contributions
    $3,870,413
    Grants paid
    $318,577
  • 2023
    Revenue
    $5,216,398
    Expenses
    $4,323,969
    Contributions
    $3,762,944
    Grants paid
    $78,558
  • 2022
    Revenue
    $3,524,747
    Expenses
    $2,918,153
    Contributions
    $2,529,240
    Grants paid
    $84,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $8,343,201
    Expenses
    $2,679,863
    Assets (EOY)
    $24,155,726

  • 2020 · 990

    Revenue
    $3,351,663
    Expenses
    $1,811,515
    Assets (EOY)
    $15,497,669

  • 2010 · 990

    Revenue
    not reported
    Expenses
    $109,682
    Assets (EOY)
    $1,890,950

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

  • THE BOSTON FOUNDATION

    $25,000

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • VICENTE'S NEW BEDFORD LLC

    $25,000

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • ELLIOT FARM LLC

    $25,000

    2023 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • BOATHOUSE BISTRO LLC

    $25,000

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • MERENGUE RESTAURANT AND CATERING

    $22,527

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • MICHAEL AGRICOLA LLC

    $22,500

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • RINCON LIMENO REVERE INC

    $22,500

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • CAITLYN FONTES - TWO SISTERS (NAME OF RESTAURANT)

    $22,500

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • LENZI'S CATERING

    $22,492

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

  • ELLEN WILSON DBA FREE RANGERS FARM

    $22,000

    2024 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.