Organizations Filed Purposes:
THE LATINO ECONOMIC DEVELOPMENT CENTER'S (LEDC) MISSION IS TO DRIVE THE ECONOMIC AND SOCIAL ADVANCEMENT OF LOW- TO MODERATE-INCOME LATINOS AND OTHER UNDERSERVED COMMUNITIES IN THE DC AND BALTIMORE METROPOLITAN AREAS BY EQUIPPING THEM WITH THE SKILLS AND TOOLS TO ACHIEVE FINANCIAL INDEPENDENCE AND BECOME LEADERS IN THEIR COMMUNITIES.
LEDC'S HOMEOWNERSHIP COUNSELING PROGRAM (REGIONAL): THE HOMEOWNERSHIP DEPARTMENT IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY THAT HELPS FAMILIES IN THE DC REGION BUILD SOUND FINANCIAL MANAGEMENT SKILLS, BUY THEIR FIRST HOME, AND SAVE THEIR HOMES FROM FORECLOSURE. IN THE DISTRICT OF COLUMBIA AND MARYLAND, OUR HOUSING COUNSELORS HELP PROSPECTIVE FIRST-TIME HOMEBUYERS UNDERSTAND THE PROCESS AND RESPONSIBILITIES OF HOMEOWNERSHIP AND ACCESS LOCAL FINANCING TO PUT THE COST OF HOMEOWNERSHIP WITHIN REACH. WE ALSO ASSIST HOMEOWNERS AT-RISK FOR FORECLOSURE QUALIFY FOR ASSISTANCE PROGRAMS AND FIGHT HOUSING SCAMS. FAMILIES WORK CLOSELY WITH OUR COUNSELORS TO STRENGTHEN THEIR FINANCIAL PRACTICES AND IDENTIFY THEIR BEST LONG-TERM HOUSING SOLUTION. THE DEPARTMENT HAS ADOPTED THE NATIONAL INDUSTRY STANDARDS FOR HOMEOWNERSHIP EDUCATION AND COUNSELING. IN FY2019, LEDC EDUCATED AND COUNSELED 2,054 TO MODERATE INCOME RESIDENTS THROUGH COURSES AND COUNSELING. LEDC STAFF COUNSELED 633 LOW TO MODERATE RESIDENTS ON SOUND FINANCIAL PRACTICES AND RESPONSIBLE HOMEOWNERSHIP. AS A RESULT, 113 LOW TO MODERATE INCOME FAMILIES PURCHASED THEIR FIRST HOME. 106 CLIENTS SUBMITTED DC HOME PURCHASE ASSISTANCE PROGRAM (HPAP) APPLICATIONS. IN ADDITION, 44 FAMILIES RECEIVED FORECLOSURE COUNSELING.
LEDC'S SMALL BUSINESS SERVICES PROGRAMS OFFER COACHING AND FINANCING TO LOW TO MODERATE INCOME ASPIRING ENTREPRENEURS AND EXISTING BUSINESS OWNERS IN THE DC AND BALTIMORE REGION. LEDC'S SMALL BUSINESS DEVELOPMENT TEAM OFFERS GROUP WORKSHOPS AND INDIVIDUALIZED TECHNICAL ASSISTANCE ON DIVERSE TOPICS INCLUDING BUSINESS PLANNING, LICENSING, MARKETING, RECORDKEEPING, SALES, AND TECHNOLOGY INTEGRATION. THE TEAM ALSO CONNECTS ENTREPRENEURS WITH EXPERT CONSULTANTS. LEDC'S LENDING PROGRAM OFFERS LOANS RANGING FROM $500 TO $250,000 TO QUALIFIED START-UPS AND EXISTING BUSINESSES THAT HAVE DIFFICULTY OBTAINING CREDIT FROM MAINSTREAM FINANCIAL INSTITUTIONS. IN FY2019, LEDC'S SMALL BUSINESS COACHES IN MARYLAND, NORTHERN VIRGINIA AND D.C. SERVED A TOTAL OF 1,507 CLIENTS. 636 UNIQUE CLIENTS RECEIVED A TOTAL OF 2,672 HOURS OF TECHNICAL ASSISTANCE, AN ADDITIONAL 360 WOMEN SERVED VIA OUR EMPOWERED WOMEN INTERNATIONAL PROGRAM RECEIVED ONE-ON-ONE SUPPORT. LEDC DEPLOYED 180 LOANS IN D.C., MD, AND NORTHERN VIRGINIA TOTALING MORE THAN $2.73 MILLION IN CAPITAL. OUR PROGRAMS LED TO THE CREATION OF 71 BUSINESSES, FINACED 36 STARTUPS, SUPPORTED/RETAINED 710 EQUIVALENT FULL-TIME JOBS, WHICH WE ESTIMATE WILL LEAD TO THE CREATION OF 272 EQUIVALENT FULL-TIME JOBS DURING THE FOLLOWING 12 MONTHS.
LEDC'S AFFORDABLE HOUSING PRESERVATION PROGRAM: WORKS TO PRESERVE MULTI-FAMILY, RENTAL AND OWNER-OCCUPIED HOUSING AS AFFORDABLE AND PREVENT THE DISPLACEMENT OF RENTERS AND LOW-TO MODERATE-INCOME MULTIFAMILY OWNERS. THROUGH POPULAR EDUCATION, TECHNICAL ASSISTANCE, COMMUNITY ORGANIZING, AND ADVOCACY, LEDC ORGANIZERS HELP RENTERS ESTABLISH TENANT ASSOCIATIONS SO THEY MAY LEVERAGE DC'S TENANT RIGHTS. OUR TEAM WORKS WITH TENANTS TO STOP ILLEGAL RENT INCREASES, PURCHASE THEIR APARTMENT BUILDINGS, AND IMPROVE HOUSING CONDITIONS. LEDC ALSO WORKS WITH OWNERS OF AFFORDABLE MULTIFAMILY HOUSING, USUALLY COOPERATIVES, TO ENSURE ONGOING SUSTAINABILITY. THE PROGRAM HELPS RESIDENTS DEVELOP THEIR LEADERSHIP AND ORGANIZING SKILLS SO THEY CAN CRAFT AND LEAD CAMPAIGNS TO ADVOCATE FOR IMPROVED HOUSING POLICIES IN D.C. SINCE ITS INCEPTION THE PROGRAM HAS SUCCESSFULLY HELPED OVER TEN THOUSAND FAMILIES MAINTAIN THEIR AFFORDABLE HOUSING AND PREVENT DISPLACEMENT. IN FY2019, LEDC SUPPORTED TENANTS AND RESIDENTS IN PREVENTING DISPLACEMENT AND PRESERVING AFFORDABLE HOUSING IN 53 BUILDINGS CONSISTING OF 3,239 UNITS. WE ADAPTED OUR ANNUAL CITY-WIDE TENANT TOWN HALL TO FACILITATED THE LAUNCH OF A CITYWIDE TENANT UNION. THROUGH SUPPORT TO TENANT ASSOCIATIONS TENANT ORGANIZERS WERE ABLE TO HELP PRESERVE THE AFFORDABILITY AND IMPROVE THE CONDITIONS OF 1,200 UNITS TOTALING MORE THAN A $100 MILLION IN PUBLIC AND PRIVATE INVESTMENTS. THESE BUILDINGS WILL REMAIN AFFORDABLE FOR AT LEAST 40 YEARS.
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 |
|---|
| Marla Bilonick | EXECUTIVE DIRECTOR | 40 | $151,037 |
| Orlando Velez | BOARD MEMBER | 1 | $0 |
| Jennifer Lubrani Cisneros | BOARD MEMBER | 1 | $0 |
| Gabriela Mossi | BOARD MEMBER | 1 | $0 |
| Fernando Lemos | BOARD MEMBER | 1 | $0 |
| Rachel Jo Sanchez | BOARD MEMBER | 1 | $0 |
| Megan Coolidge | SECRETARY | 1 | $0 |
| Casey Watson | BOARD MEMBER | 1 | $0 |
| Robert Aceituno | TREASURER | 1 | $0 |
| Darryl Maxwell | VICE CHAIR | 1 | $0 |
| Silvia Salazar | CHAIR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202022309349303557_public.xml