Latino Economic Development Corporation Inc
EIN: 881698006 · Springfield, MA · NTEE: S43
About Latino Economic Development Corporation Inc
Latino Economic Development Corporation Inc (EIN: 881698006) is a nonprofit organization based in Springfield, MA, classified under NTEE code S43. The organization reported total revenue of $427K and total assets of $455K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latino Economic Development Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Latino Economic Development Corporation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Latino Economic Development Corporation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Latino Economic Development Corporation Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Latino Economic Development Corporation Inc reported a deficit of $250K, with expenses exceeding revenue. The organization holds $88K in liabilities against $3K in assets (debt-to-asset ratio: 3511.4%), resulting in net assets of $-85,626.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $252K | $3K | $88K | — | View 990 |
Data Sources and Methodology
This transparency report for Latino Economic Development Corporation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.