2024-04-17T14:16:54-05:00 2023-05-31 042211907 MILLER WACHMAN LLP 100 CAMBRIDGE STREET 13TH FLOOR BOSTON MA 021142548 990 2022-06-01 042763724 LOCAL ENTERPRISE ASSISTANCE FUND LOCA 6172321551 386 WESTERN AVENUE BOSTON MA 02135 GERARDO ESPINOZA EXECUTIVE DIRECTOR 6172321551 2024-04-17 1 GERARDO ESPINOZA 999009999 0 STEPHEN GUNZBURGER CPA P00306107 6173386800 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LEAF GERARDO ESPINOZA 386 WESTERN AVENUE BOSTON MA 02135 3524747 0 X WWW.LEAFFUND.ORG X 1982 MA NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION PROVIDING LOW COST FINANCING AND TECHNICAL ASSISTANCE TO WORKER-OWNED COOPERATIVES AND COMMUNITY-OWNED BUSINESSES. 11 7 12 0 0 0 7711392 2529240 629171 786751 2638 208756 0 0 8343201 3524747 257500 84000 0 0 1084108 1423172 0 0 318355 1338255 1410981 2679863 2918153 5663338 606594 24155726 26238896 14010339 15486915 10145387 10751981 LEAF'S MISSION IS TO PROMOTE HUMAN AND ECONOMIC DEVELOPMENT BY PROVIDING LOW-COST FINANCING AND DEVELOPMENT ASSISTANCE TO EMPLOYEE-OWNED AND COMMUNITY-BASED BUSINESSES THAT CREATE AND SAVE JOBS AND SAVE LIVES. 0 0 2333431 84000 786751 LEAF'S FINANCING ACTIVITIES ARE DIRECTED TOWARDS COMPANIES THAT HAVE THE FOLLOWING FOCUS:1) HEALTHY FOOD PRODUCTS;2) EMPOWERMENT OF LOW-INCOME PERSONS TO CREATE AND MANAGE THEIR OWN BUSINESS;3) INITIATIVES THAT DEMONSTRATE CONCERN FOR THE EMVIROMENT;4) EMPLOYEMENT TRAINING AND PLACEMENT OF LOW-INCOME WORKERS; AND5) COMMUNITY COOPERATIVES THAT CREATE JOBS. 2333431 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 12 1 0 0 0 0 0 0 0 0 0 0 X 11 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X GERARDO ESPINOZA 6172321551 386 WESTERN AVE BOSTON MA 02135 CHRISTINE CLAMP DIRECTOR & CHAIRPERSON 0.00 X X 0 0 0 DAMILOLA ODETOLA DIRECTOR & TREASURER 0.00 X X 0 0 0 ALEXANDER PYLE DIRECTOR & CLERK 0.00 X X 0 0 0 DAVID HAMMER DIRECTOR 0.00 X 0 0 0 SHELLEY MILLER DIRECTOR 0.00 X 0 0 0 KERWIN TESDELL DIRECTOR 0.00 X 0 0 0 TERRY LEWIS DIRECTOR 0.00 X 0 0 0 GERARDO ESPINOZA DIRECTOR LEAF EXECUTIVE DIRECTOR 40.00 X 160561 0 0 JOSE LUIS ROJAS DIRECTOR LEAF CHIEF OPERATING OFFIC 32.00 X 134921 0 0 JOSH GLICKENS DIRECTOR LEAF DEVELOPMENT MANAGER 40.00 X 113281 0 0 AMINE BENALI DIRECTOR LEAF MANAGING DIRECTOR 40.00 X 147734 0 0 CHRISTOPHER HUNTER DIRECTOR LEAF DVISORY SERVICE DIRECTOR 40.00 X 113353 0 0 669850 0 0 5 0 1 0 JAMES LOUNEY 386 WESTERN AVENUE BOSTON MA 02135 ACCOUNTING 130275 1 1729040 800200 2529240 INTEREST & FEES ON LOA 522110 786751 786751 786751 208756 208756 3524747 786751 0 208756 84000 84000 1124875 766827 163107 194941 298297 203349 43253 51695 10708 10708 154365 105231 22383 26751 107010 72949 15516 18545 66989 45666 9714 11609 32481 22143 4709 5629 361178 361178 LOAN LOSS RESERVE 390437 390437 CONSULTANTS 234813 234813 ANNUAL AUDIT 53000 36130 7685 9185 2918153 2333431 266367 318355 1538151 2923994 12569231 9224204 150000 225000 1772666 1757162 82615 47865 43820 34750 69986 8081858 12003800 24155726 26238896 4643533 3621470 9366806 11795459 14010339 15486915 X 10145387 10751981 10145387 10751981 24155726 26238896 606594 0 X 0 1 X 1 1 1 X 945767 1111985 2605269 7711392 2529240 14903653 549243 602099 741422 629171 786751 3308686 1495010 1714084 3346691 8340563 3315991 18212339 47540 43557 91097 103100 323914 96583 957392 1480989 150640 367471 96583 957392 1572086 16640253 42627 40697 4971 2638 208757 299690 42627 40697 4971 2638 208757 299690 1537637 1754781 3351662 8343201 3524748 18512029 0.89890 0.86800 0.01620 0.00580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82615 47865 34750 34750 LONG-TERM NOTES RECEIVABLE 12003800 12003800 3524747 0 3524747 0 3524747 2918153 0 2918153 0 2918153 1 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS. GRANTS ARE AWARDED IN AN OBJECTIVE AND NON-DISCRIMINATORY MANNER. X 0 0 0 0 0 0 0 0 0 GERARDO ESPINOZA DIRECTOR LEAF EXECUTIVE DIRECTOR 160561 0 0 0 0 0 0 0 0 0 160561 0 0 0 PART I, LINE 3 A COMPENSATION COMMITEE DETERMINES THE COMPENSATION FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. THE MEMBERS ARE FULL TIME AND PART TIME EMPLOYEES OF LEAF THAT HAVE BEEN EMPLOYED AT LEAST SIX MONTHS AND APPROVED BY TWO THIRDS OF THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B RELOCATION OF LEAF REQUIRES APPROVAL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED FOR THE MEMBERS TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE ANNUAL MEETING, ALL OFFICERS AND DIRECTORS ARE REQUIRED TO SUBMIT A WRITTEN CONFLICT OF INTEREST DISCLOSURE FORM, IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, A COMMITTEE OF INDEPENDENT DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION AND EVALUATES THE COMPENSATION AS TO REASONABLENESS IN THE CONTEXT OF COMPENSATION FOR NOT FOR PROFIT EXECUTIVES WITH SIMILAR RESPONSIBILITIES IN THE SAME GEOGRAPHIC AREA. A WRITTEN RECORD IS KEPT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.