Organizations Filed Purposes:
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.
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO FACILITATE BUSINESS DEVELOPMENT AND REVITALIZATION THROUGH THE IMPLEMENTATION OF COMMUNITY AND ECONOMIC DEVELOPMENT FINANCE STRATEGIES WHICH ARE INTENDED TO PRODUCE POSITIVE COMMUNITY DEVELOPMENT IMPACT OR BE A CATALYST IN THE REVITALIZATION OF LOW INCOME OR DISTRESSED CENSUS TRACTS THROUGHOUT CALIFORNIA COUNTIES.
PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO BORROWERS LOCATED IN LOW INCOME AND/OR DISTRESSED CENSUS TRACTS THROUGHOUT CALIFORNIA. THE FINANCIAL AND TECHNICAL ASSISTANCE IS PROVIDED PRIMARILY THROUGH THE DIRECT FUNDING AND/OR PLACEMENT OF COMMERCIAL AND/OR INDUSTRIAL LOANS TO BUSINESSES, NON-GOVERMENT ORGANIZATIONS AND INDIVIDUALS OPERATING IN THE DISTRESSED AND LOW INCOME CENSUS TRACTS TARGETED BY THE LDC. THE BORROWERS TO WHOM THE FINANCIAL AND TECHNICAL ASSISTANCE IS PROVIDED OFTEN HAVE GREATER BARRIERS TO ACCESS TO FINANCIAL CAPITAL AND TECHNICAL ASSISTANCE IN THE COUNTIES IS WHICH THEY ARE LOCATED, ADDITIONALLY, THE LDC PROVIDES ITS PROGRAM SERVICES TO ETHNIC MINORITIES, WOMEN AND OTHER TARGETED POPULATIONS THAT HAVE HISTORICALLY BEEN DENIED FULL ACCESS TO CREDIT.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Michael Banner | PRESIDENT/CEO | 40 | $150,000 |
| Anne Griffith | DIRECTOR | 1 | $0 |
| Benjamin Torres | DIRECTOR | 1 | $0 |
| Keith Settle | DIRECTOR | 1 | $0 |
| Claudia N Santos | DIRECTOR | 1 | $0 |
| Steven M Herman | SECRETARY/DIRECTOR | 1 | $0 |
| Joseph Stanley Sanders Esq | DIRECTOR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202002269349301120_public.xml