Los Angeles Ldc Inc.
Los Angeles Ldc Inc.
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About this organization
Mission
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.
About
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-government 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.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “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.”.
When referring to its responsibilities, they were outlined as: “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.”.
- The state in which the non-profit is legally registered to operate is CA, as per legal records.
- The filing documents the non-profit's address in 2020 as 520 N LA BREA AVE STE 108, INGLEWOOD, CA, 90302.
- According to the non-profit's form, they have 2 employees on their payroll as of 2020.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is less than $100,000.
- Revenue less expenses is -$522,328.
- The organization has 6 independent voting members.
- The organization was formed in 1980.
- The organization pays $226,485 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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