LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC

EIN: 381892670 501(c)(3)

DETROIT, MI

Total Revenue
$1,195,113
Total Expenses
$1,086,072
Total Assets
$1,989,192
Net Assets
$1,858,670
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MI
Principal Officer
JANE GARCIA
Phone
3135542025
Tax Period
2023-01-01 to 2023-12-31

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC, founded in 1969, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 9% surplus.

Mission

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT, INC. PROVIDES VARIOUS SOCIAL SERVICES TO THE RESIDENTS OF SOUTHWESTERN DETROIT

Program Service Accomplishments

Program 1
Expenses: $452,694

SENIOR CITIZENS PROGRAM

Program 2
Expenses: $288,373

FAMILY SERVICE PROGRAM

Program 3
Expenses: $274,372

YOUTH PROGRAM

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,050,273
Program Service Revenue $30,133
Investment Income $18,067
Other Revenue $96,640
TOTAL REVENUE $1,195,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $670,782
Fundraising Expenses $0
Program Expenses $1,015,439
Other Expenses $415,290
TOTAL EXPENSES $1,086,072

Year-over-Year Comparison

2023 2022 Change
Revenue $1,195,113 $1,251,971 0.0%
Expenses $1,086,072 $1,005,732 +0.1%
Net Income $109,041 $246,239 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
32
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AGO BENAVIDES BOARD MEMBER 2.00
Director
$0 $0 $0
LINDA A CLARK BOARD MEMBER 2.00
Director
$0 $0 $0
EVA GAEZA DEWAELSCHE BOARD MEMBER 2.00
Director
$0 $0 $0
KENNETH DOBSON BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICIA PEREZ FRESARD BOARD MEMBER 2.00
Director
$0 $0 $0
OMAR HERNANDEZ BOARD MEMBER 2.00
Director
$0 $0 $0
LEO V MENDEZ JR BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID SANCHEZ BOARD MEMBER 2.00
Director
$0 $0 $0
JANE GARCIA CHAIR 2.00
Officer
$0 $0 $0
BELDA GARZA SECRETARY 2.00
Officer
$0 $0 $0
JOM JOAQUIN VICE CHAIR 2.00
Officer
$0 $0 $0
LAURA REYES KOPACK PRESIDENT AN 2.00
Officer
$0 $0 $0
AARON MUNOZ TREASURER 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,195,113 $1,086,072 $1,989,192 $109,041
2022 $1,251,971 $1,005,732 $1,936,798 $246,239
2021 $989,377 $983,268 $1,539,201 $6,109
2020 $846,361 $783,401 $1,516,381 $62,960
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