Latino Economic Development Corporation
LEDC EQUIPS INDIVIDUALS AND FAMILIES WITH THE SKILLS AND FINANCIAL TOOLS TO CREATE A BETTER FUTURE FOR THEMSELVES AND THEIR NEIGHBORHOODS. 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, VIRGINIA, AND PUERTO RICO REGION IS STRONGER WHEN ALL FAMILIES HAVE THE POWER TO ACHIEVE FINANCIAL INDEPENDENCE AND JOIN WITH THEIR PEERS TO IMPROVE THEIR NEIGHBORHOODS.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$22.7M
-9.8% YoY
Annual Giving
$6.2M
-21.7% YoY
Grant Count
424
+60.0% YoY
Avg Grant Size
$15K
-51.0% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,739,345 | $25,204,226 | $22,544,018 |
| Revenue | $16,455,894 | $19,538,430 | $40,380,571 |
| Expenses | $18,215,229 | $18,402,517 | $38,165,728 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
3,367 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Latino Economic Development Corporation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DARRYL MAXWELL | CHAIR | 1 | — |
| ROBERT ACEITUNO | TREASURER | 1 | — |
| ORLANDO VELEZ | SECRETARY | 1 | — |
| FERNANDO LEMOS | BOARD MEMBER | 1 | — |
| MEGAN COOLIDGE | BOARD MEMBER | 1 | — |
| COURTNEY MATSON | BOARD MEMBER | 1 | — |
| CARLOS TALAMANTE | BOARD MEMBER | 1 | — |
| JEFFRY VIQUE | BOARD MEMBER | 1 | — |
| ANA ISIS SALMERON | CHIEF FINANCIAL OFFICER | 40 | $134,729 |
| WALDA YON | CHIEF OF HOUSING PROGRAMS | 40 | $119,171 |
| HECTOR SANTIAGO | DIRECTOR OF OPERATIONS | 40 | $104,391 |
| ASHLEY BERGERON | DIRECTOR OF HUMAN RESOURCES | 40 | $114,570 |
| EMI REYES | EXECUTIVE DIRECTOR | 40 | $196,346 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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