2026-04-15T15:50:19-05:00 2025-05-31 042211907 MILLER WACHMAN LLP 100 CAMBRIDGE STREET 13TH FLOOR BOSTON MA 021142548 990 2024-06-01 042763724 LOCAL ENTERPRISE ASSISTANCE FUND LOCA 6172321551 386 WESTERN AVENUE BOSTON MA 02135 GERARDO ESPINOZA EXECUTIVE DIRECTOR 6172321551 2026-04-15 1 0 STEPHEN GUNZBURGER CPA P00306107 6173386800 2026-04-15 2024 2025-03-06 01:10:19Z LEAF GERARDO ESPINOZA 386 WESTERN AVENUE BOSTON MA 02135 5593085 0 X WWW.LEAFFUND.ORG X 1982 MA NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION PROVIDING FLEXIBLE FINANCING AND TECHNICAL ASSISTANCE TO WORKER-OWNED COOPERATIVES AND COMMUNITY-OWNED BUSINESSES. 11 7 17 9 0 0 3762944 3870413 1175827 1498012 277627 224660 0 0 5216398 5593085 78558 318577 0 0 2507069 2985611 0 0 490620 1738342 1868299 4323969 5172487 892429 420598 31143770 34477645 19499360 22412637 11644410 12065008 LEAF'S MISSION IS TO PROMOTE HUMAN AND ECONOMIC DEVELOPMENT BY PROVIDING FINANCING AND DEVELOPMENT ASSISTANCE TO COOPERATIVES AND SOCIAL PURPOSE VENTURES THAT CREATE AND RETAIN JOBS FOR LOW-INCOME PEOPLE. 0 0 3998277 318577 1498012 LEAF'S FINANCING ACTIVITIES ARE DIRECTED TOWARDS COMPANIES THAT HAVE THE FOLLOWING FOCUS:1) HEALTHY FOODS;2) AFFORDABLE HOUSING;3) COOPERATIVE OWNERSHIP;4) EMPOWERMENT OF LOW-INCOME PEOPLE TO CREATE AND MANAGE THEIR OWN BUSINESS 3998277 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 17 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 X GERARDO ESPINOZA 6172321551 386 WESTERN AVE BOSTON MA 02135 GERARDO ESPINOZA DIRECTOR EXECUTIVE DIRECTOR 40.00 X X 200070 0 10770 CHRISTOPHER HUNTER DIRECTOR ADVISORY SERVICE DIRE 40.00 X 166658 0 14757 FATIHA AINANE SENIOR FINANCIAL ANAL 40.00 X 130809 0 14757 MATTHEW PIRES FINANCIAL ANALYST 40.00 X 118880 0 2461 DAMILOLA ODETOLA DIRECTOR & TREASURER 2.00 X X 0 0 0 ALEXANDER PYLE DIRECTOR & CLERK 2.00 X X 0 0 0 CHRISTINE CLAMP DIRECTOR & CHAIRPERSON 2.00 X X 0 0 0 TERRY LEWIS DIRECTOR 1.00 X 0 0 0 DAVID HAMMER DIRECTOR 1.00 X 0 0 0 JOHN SMITH DIRECTOR 1.00 X 0 0 0 SHELLEY MILLER DIRECTOR 1.00 X 0 0 0 AMINE BENALI DIRECTOR MANAGING DIRECTOR 40.00 X 183154 0 39895 JOSE LUIS ROJAS DIRECTOR CHIEF LENDING OFFICER 32.00 X 169238 0 7655 CAROL ANN MCAULIFFE CFO 40.00 X 182962 0 39895 VIRGINIA BERMAN DIR. OF COMM. & MARKETING 40.00 X 124969 0 6233 JOSHUA GLICKENHAUS SENIOR LOAN OFFICER 40.00 X 136154 0 6360 MARY WONG SENIOR LOAN OFFICER 40.00 X 125838 0 30528 JORDAN BROWNE FINANCIAL ANALYST 40.00 X 123349 0 14757 ALAN SINGER SENIOR LOAN OFFICER 40.00 X 118953 0 20006 JAMES LOUNEY RETIRING CFO 40.00 X 149751 0 1843 1930785 0 209917 13 1 1 0 0 2084648 1785765 3870413 INTEREST & FEES ON LOA 522110 1498012 1498012 1498012 224660 224660 5593085 1498012 0 224660 318577 318577 1608192 1107658 280094 220440 1017646 701943 176665 139038 150331 102513 26759 21059 209442 144255 36478 28709 77987 49215 17538 11234 458205 458205 LOAN LOSS RESERVE 930434 930434 OTHER 258678 148295 70120 40263 PROFESSIONAL FEES 142995 37182 75936 29877 5172487 3998277 683590 490620 1150897 907843 6372376 8360589 1000000 0 4723341 5202359 329376 322937 82614 63600 26882 19014 71001 121408 17469897 19543495 31143770 34477645 1211712 1054623 72749 1951749 125000 125000 18017358 19155323 72541 125942 19499360 22412637 X 11644410 12065008 11644410 12065008 31143770 34477645 420598 0 X 0 1 X 1 1 1 X 2605269 7711392 2529240 3762944 3585218 20194063 741422 629171 786751 1175827 1498012 4831183 3346691 8340563 3315991 4938771 5083230 25025246 0 96583 957392 39667 1093642 96583 957392 39667 1093642 23931604 4971 2638 208757 277627 224660 718653 4971 2638 208757 277627 224660 718653 3351662 8343201 3524748 5216398 5307890 25743899 0.92960 0.91180 0.02790 0.02410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82614 63600 19014 19014 LONG-TERM NOTES RECEIVABLE 19543495 19543495 ROU LIABILITY 125942 125942 5307890 33382 33382 5274508 318577 318577 5593085 4887292 33382 33382 4853910 318577 318577 5172487 PART XI, LINE 4B - OTHER ADJUSTMENTS: PASS THROUGH GRANTS PART XII, LINE 4B - OTHER ADJUSTMENTS: PASS THROUGH GRANTS X X 1 FRIEDMAN ASSOCIATES 1 KNOLLWOOD LANE IOWA CITY IA 52245 GRANT WRITING 0 0 19500 0 TOMAS EDUARDO LEYTON 6 BROADWAY ROAD ROSLINDALE MA 02131 GRANT RESEARCHER 0 0 8750 0 28250 1 BOATHOUSE BISTRO LLC 56 JULIA ROAD NORTH WEYMOUTH MA 02191 25000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION CAITLYN FONTES - TWO SISTERS (NAME OF RESTAURANT) 10 FLAGGSWAMP ROAD EAST FREETOWN MA 02717 22500 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION CHATHAM HARVESTERS COOPERATIVE INC 95 COMMERCE PARK CHATHMAN MA 02659 12500 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION DIEGO PRECIADO - PRECIADO BROTHERS (NAME OF RESTAURANT) 402 BROADWAY CHELSEA MA 02150 21691 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION DIEUDONNE LEAN DBA DEE'S DELUX CARIBBEAN 239B EAST ASHLAND STREET BROCKTON MA 02302 21700 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION ELLEN WILSON DBA FREE RANGERS FARM 2 MONTELLO STREET CARVER MA 02330 22000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION GONCALVES GROUP LLC 109 WILLOW AVENUE EAST BRIDGEWATER MA 02337 20567 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION HOMESTEAD HARVEST 30 TEMPLE STREET WHITMAN MA 02382 8100 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION LENZI'S CATERING 810 MERRIMACK AVENUE DRACUT MA 01826 22492 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION MERENGUE RESTAURANT AND CATERING 156 BLUE HILL AVENUE ROXBURY MA 02119 22527 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION MICHAEL AGRICOLA LLC 354 MERRIMACK STREET LAWERANCE MA 01843 22500 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION MILL CITY GROWS INC 650 SUFFOLK STREET LOWELL MA 01854 12000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION MOONLIGHTROSE 91 CHANCE STREET SWANSEA MA 02777 12500 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION RINCON LIMENO REVERE INC 260 BROADWAY REVERE MA 02151 22500 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION THE BOSTON FOUNDATION 75 ARLINGTON STREET BOSTON MA 02116 25000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION VICENTE'S NEW BEDFORD LLC 689 MAIN STREET BROCKTON MA 02301 25000 0 GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION 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 AMINE BENALI DIRECTOR MANAGING DIRECTOR 158880 0 24274 0 0 0 0 0 39895 0 223049 0 0 0 CAROL ANN MCAULIFFE CFO 154962 0 28000 0 0 0 0 0 39895 0 222857 0 0 0 GERARDO ESPINOZA DIRECTOR EXECUTIVE DIRECTOR 176070 0 24000 0 0 0 0 0 10770 0 210840 0 0 0 CHRISTOPHER HUNTER DIRECTOR ADVISORY SERVICE DIRE 141877 0 24781 0 0 0 0 0 14757 0 181415 0 0 0 JOSE LUIS ROJAS DIRECTOR CHIEF LENDING OFFICER 147368 0 21870 0 0 0 0 0 7655 0 176893 0 0 0 MARY WONG SENIOR LOAN OFFICER 115338 0 10500 0 0 0 0 0 30528 0 156366 0 0 0 JAMES LOUNEY RETIRING CFO 118000 0 31751 0 0 0 0 0 1843 0 151594 0 0 0 PART I, LINE 3 A COMPENSATION COMMITEE DETERMINES THE COMPENSATION DAMILOLA ODETOLA BOARD OF DIRECTOR LOAN PAYABLE FROM FINANCIAL INSTITUTION WHERE BOD IS A VICE PRESIDENT X 100000 100000 0 1 1 ALEXANDER PYLE BOARD OF DIRECTOR LOAN PAYABLE X 25000 25000 0 1 1 JOHN SMITH BOARD OF DIRECTOR LOAN RECEIVABLE TO A NON-PROFIT WHERE BOD IS THE EXECUTIVE DIRECTOR X 360000 322937 0 1 1 447937 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.