Overview
What is Los Angeles Ldc Inc?
Los Angeles Ldc Inc, based in Inglewood, California, operates as a nonprofit organization specializing in community development advisory services. Their primary focus is to help borrowers in distressed areas, providing them with essential guidance to implement reinvestment strategies and stimulate economic activities. They aim to facilitate access to capital, serving as a vital resource in high-poverty areas. Their mission is to create substantial impact by utilizing these strategies, contributing positively to the local community.
Official website here: www.losangelesldc.com
Is Los Angeles Ldc Inc legitimate?
Los Angeles Ldc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Ldc Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.losangelesldc.com
What is the mission statement of Los Angeles Ldc Inc?
Los Angeles Ldc Inc's mission is centered around providing access to capital and offering community development advisory services to business borrowers in economically distressed areas. Their primary objective is to create significant impact by implementing reinvestment strategies, thereby fostering economic activities. The organization provides advisory services to both borrowers and lenders, assisting them in the implementation of these strategies. Their aim is to contribute positively to targeted high poverty areas, ultimately promoting growth and development.
Official website here: www.losangelesldc.com
Who is the CEO of Los Angeles Ldc Inc?
Michael Banner is the Director of Los Angeles Ldc Inc. The CEO's salary of Los Angeles Ldc Inc is $0 and their total compensation is $0.
Official website here: www.losangelesldc.com
What is the revenue of Los Angeles Ldc Inc?
Los Angeles Ldc Inc's revenue in 2022 was $59,144.
Official website here: www.losangelesldc.com
Who are the executives of Los Angeles Ldc Inc and what are their salaries?
Here are 7 key members and their salaries (Los Angeles Ldc Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.losangelesldc.com
Where can I find the form 990 for Los Angeles Ldc Inc?
Los Angeles Ldc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.losangelesldc.com
Learn more at the official website: www.losangelesldc.com
Mission Statement of Los Angeles Ldc Inc
Los Angeles LDC Inc, as a nonprofit organization, is committed to a primary exempt purpose: facilitating access to capital and offering advisory services to borrowers situated in distressed areas. Their mission, in simple terms, is to extend access to capital and community development advisory services to business borrowers residing in high-poverty regions. By implementing reinvestment strategies, Los Angeles LDC Inc aims to create significant impacts in these areas. Their community development advisory services are geared towards assisting both borrowers and lenders in the execution of these reinvestment strategies and fostering economic activities.
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Impact
August, 2024
Los Angeles LDC Inc impacts distressed areas by facilitating access to capital and providing advisory services to borrowers, ultimately supporting the implementation of reinvestment strategies and economic activities. Through their community development advisory services, they help businesses in targeted high poverty areas create high impact and improve the overall community. The organization's mission is to provide access to capital and advisory services to promote community improvement in areas like Inglewood, CA.
This information is meant to be a general summary of Los Angeles Ldc Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $844
- Program Service Revenue: $9,375
- Gross Receipts: $59,144
Assets and Liabilities:
- Total Assets: $1,944,017
- Total Liabilities: $54,832
- Net Assets: $1,889,185
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Advisory Services
Revenue
$9,375
Organization Details
Founding Year
1980
Phone
(800) 366-1178Principal Officer
Michael Banner
Main Address
520 N LA Brea Avenue Ste 108, Inglewood, CA, 90302
Website
www.losangelesldc.comNTEE Category
Code: S20 - Community improvement
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