Latino Economic Development Corporation
Latino Economic Development Corporation (LEDC) is a private nonprofit established in 1991 and based in Washington, DC. Its work supports individuals and families seeking financial prosperity through homeownership, housing stability, and starting or expanding businesses.
Latino Economic Development Corporation at a glance
In short: Latino Economic Development Corporation gave $5.0M across 185 grants in 2025 (avg $27K), top state Virginia. 67% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $4,990,546
- -19.7% vs 2024
- Grants made (2025)
- 185
- -56.4% vs 2024
- Average grant
- $26,976
- +84.1% vs 2024
- Median grant
- $10,000
- Total assets
- $22,702,134
- -0.2% vs 2024
- New grantees (estimate)
- 67% first-time grantees (122 of 182, 2025)
- Primary geography
- Virginia (40% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Latino Economic Development Corporation
- Contact
Mailing address: 1401 Columbia Rd Nw Unit C-1, Washington, DC 20009
Phone: (202) 588-5102
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
3 open opportunities from Latino Economic Development Corporation
ACE Loan Program (Accelerating Community Excellence Loan Program)
Latino Economic Development Corporation
Amount
Varies
Deadline
Deadline not published
LEDC's NextGen Impact Fund Loan powered by SELF
Latino Economic Development Corporation
Amount
$3,000 - $25,000 (up to $50,000 for solar products)
Deadline
Rolling (quarterly review)
Ward 6 Restaurant Resilience & Growth Grant
Latino Economic Development Corporation
Amount
$10,000
Deadline
Deadline not published
Who Latino Economic Development Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Slingwheels LLC ($255K). Together the top 10 received $1.3M.
Grant Size Distribution
3,141 grants across all recorded years
The most common grant size was under $50K: 2,773 grants of 3,141 (88%).
Geographic Focus
Where this funder awards grants
LEDC describes its primary service region as Washington, DC, Maryland, and Virginia. Its 2025 grant dollars went to recipients in Virginia (40%), Maryland (31%), DC (26%), Texas (2%), and Massachusetts (1%). The organization’s small-business services are also described as serving Puerto Rico.
Grant Distribution by State
Share of 2025 grant dollars across all 185 itemized grants.
States
Cities
Is Latino Economic Development Corporation open to new grantees?
67%
first-time grantees, 2025
In 2025, 122 of 182 grantees (67%) were first-time recipients. First grants averaged $22K; repeat grants $39K. How we count
Medians: $10K first-time, $20K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3.1M (2020) to $46.3M (2021). In 2025 it made 185 grants totaling $5.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Slingwheels LLC Fairfax, VA | Small Business Technical Support Grant | $254,780 |
| Make a Scene Media LLC Vienna, VA | Small Business Technical Support Grant | $156,293 |
| CCM Creative Marketing LLC Virginia Beach, VA | Small Business Technical Support Grant | $140,408 |
| Career Path DC Washington, DC | Small Business Support Grant | $136,423 |
| Griffin and Co Marketing LLC Alexandria, VA | Small Business Technical Support Grant | $120,091 |
| Bobella LLC Bethesda, MD | Small Business Technical Support Grant | $106,875 |
| Departmentc LLC Reston, VA | Small Business Technical Support Grant | $104,000 |
| George Mason University Fairfax, VA | Small Business Technical Support Grant | $102,600 |
| Arlington Strategy LLC Arlington, VA | Small Business Technical Support Grant | $86,100 |
| Johnny Flash Productions LLC Fairfax, VA | Small Business Technical Support Grant | $80,517 |
Ready to take the next step with Latino Economic Development Corporation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $22,702,134 | $15,800,960 | $15,972,217 | $4,990,546 | 185 |
| 2024 | $22,739,345 | $16,455,894 | $18,215,229 | $6,214,387 | 424 |
| 2023 | $25,204,226 | $19,538,430 | $18,402,517 | $7,933,004 | 265 |
| 2022 | $22,544,018 | $40,380,571 | $38,165,728 | $29,404,796 | 1,324 |
| 2021 | $21,296,549 | $55,386,095 | $53,394,386 | $46,341,959 | 943 |
| 2020 | $19,097,837 | $17,850,760 | $10,223,083 | $3,057,219 | 411 |
| 2019 | $8,881,154 | $5,789,049 | $4,368,880 | — | — |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
LEDC’s stated mission is to catalyze the economic advancement of Latinos and local communities by bridging gaps to capital and resources for financial prosperity. The organization describes its broader goal as helping families build long-term financial stability through homeownership and business development.
Its small-business work combines coaching, workshops, technical assistance, and loans. Its housing programs provide homeownership counseling, foreclosure prevention, and tenant support. Through Direct Community Investments, LEDC administers financial assistance programs for individuals and small businesses on behalf of public agencies and philanthropic partners.
In 2025, LEDC’s largest listed grants largely supported small-business technical assistance. Among the grantees, Career Path DC described its mission as creating employability pathways for disadvantaged individuals with low to moderate skill sets. George Mason University’s Instructional Foundation described its work as operating under licenses to transmit broadband service to the greater Washington, DC, metropolitan area.
Grantmaking
In filing year 2025, LEDC reported 185 grants totaling $4,990,546. Grant amounts ranged from $5,100 to $254,780, with a median grant of $10,000. The largest listed awards included:
LEDC also lists currently open programs that provide loans or grants to eligible applicants. These include the NextGen Impact Fund Loan for home improvements, the ACE Loan Program for small businesses, and a $10,000 Ward 6 Restaurant Resilience & Growth Grant. The ACE program uses a pre-qualification form and offers information sessions in English and Spanish.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Emi Reyes as executive director. It also lists Nicole Durler-Montant, director of development and communications; Hector Santiago, director of operations; Walda Yon, director of housing programs; Ashley Bergeron, director of human resources; Bria Marie Hodge, director of small business development; and Helen Owen, director of direct community investments. Board members listed are Carlos Talamante, Courtney Matson, Jeffry Vique, and Emi Reyes.
Latino Economic Development Corporation is led by Emi Reyes, Executive Director since 2023 (on filings since 2022); 9 of 15 officers listed in 2025 are compensated.
Officers on the 2025 filing
Emi Reyes
Executive Director
Chief Executive Officer → Executive Director, 2023
On filings since 2022
40 hrs/week
$143K (2022) → $219K (2025)
Darryl Maxwell
Chair
Vice Chair → Chair, 2020
On filings since 2019
1 hr/week
No compensation reported
Walda Yon
Director of Housing Programs
Chief of Housing Programs → Director of Housing Programs, 2025
On filings since 2022
40 hrs/week
$112K (2022) → $114K (2025)
Ashley Bergeron
Director of Human Resources
On filings since 2024
40 hrs/week
$115K (2024) → $137K (2025)
Hector Santiago
Director of Operations
On filings since 2024
40 hrs/week
$104K (2024) → $118K (2025)
Bria Marie Hodge
Director of Small Business Development
New on the 2025 filing
40 hrs/week
$119K (2025)
Helen Owen
Director of Direct Community Investments
New on the 2025 filing
40 hrs/week
$106K (2025)
Nicole Durler-Montant
Director of Development & Communications
New on the 2025 filing
40 hrs/week
$147K (2025)
William Murphy
Director of Finance
New on the 2025 filing
40 hrs/week
$100K (2025)
Ana Isis Salmeron
Chief Financial Officer
On filings since 2022
40 hrs/week
$119K (2022) → $171K (2025)
Orlando Velez
Secretary
Board Member → Secretary, 2022
On filings since 2019
1 hr/week
No compensation reported
Robert Aceituno
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Courtney Matson
Board Member
On filings since 2022
1 hr/week
No compensation reported
Carlos Talamante
Board Member
On filings since 2023
1 hr/week
No compensation reported
Jeffry Vique
Board Member
On filings since 2023
1 hr/week
No compensation reported
Former officers (15)
- Former: Fernando Lemos (2019–2024) — Board Member
- Former: Megan Coolidge (2019–2024) — Board Member
- Former: Erika Flora (2021–2023) — Board Member
- Former: Omar Velasco (2022–2023) — Chief of Small Business Programs
- Former: Laura Bentley (2023) — Director of Direct Community Investments
- Former: Marjorie Nemes (2021–2022) — Interim Executive Director
- Former: Marla Bilonick (2019–2021) — Executive Director
- Former: Lynnette Madsen (2020–2021) — Board Member
- Former: Matthew Levin (2020–2021) — Board Member
- Former: Lissett Perez-Weinmann (2021) — Board Member
- Former: Casey Watson (2019) — Board Member
- Former: Gabriela Mossi (2019) — Board Member
- Former: Jennifer Lubrani Cisneros (2019) — Board Member
- Former: Rachel Jo Sanchez (2019) — Board Member
- Former: Silvia Salazar (2019) — Chair
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $219K, to EMI Reyes (Executive Director). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Latino Economic Development Corporation
How much does Latino Economic Development Corporation give each year?
Latino Economic Development Corporation gave $5.0M across 185 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $6.2M across 424 grants.
What is Latino Economic Development Corporation's typical grant size?
Latino Economic Development Corporation's median grant in 2025 was $10,000, and its average grant was $26,976, across 185 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Latino Economic Development Corporation that year got $22K on average.
Where does Latino Economic Development Corporation give grants?
Latino Economic Development Corporation's top state is Virginia, with 40% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Maryland (31%) and District of Columbia (26%). The most frequent recipient cities were Washington, DC (99 grants), Baltimore, MD (23 grants), Fairfax, VA (6 grants) and Alexandria, VA (6 grants).
Does Latino Economic Development Corporation give general operating support?
Not in 2025: none of the 185 grants with a stated purpose on Latino Economic Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Small Business Support Grant" (131 grants), "Small Business Technical Support Grant" (41 grants) and "Coop Grant Program Funds" (11 grants).
Who are Latino Economic Development Corporation's largest grantees?
Latino Economic Development Corporation's largest 2025 grantees include Slingwheels LLC ($254,780), Make a Scene Media LLC ($156,293) and CCM Creative Marketing LLC ($140,408), according to its 2025 IRS Form 990. Together they received 11% of its itemized 2025 grant dollars.
How large is Latino Economic Development Corporation?
Latino Economic Development Corporation reported $22.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $15.8M.
What does Latino Economic Development Corporation fund?
LEDC’s stated mission is to catalyze the economic advancement of Latinos and local communities by bridging gaps to capital and resources for financial prosperity. See mission & focus areas ↑
How do I apply for a grant from Latino Economic Development Corporation?
Latino Economic Development Corporation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Latino Economic Development Corporation's EIN?
Latino Economic Development Corporation's EIN (Employer Identification Number) is 52-1749216. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS August 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 17, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 25, 2025)
- Updated Form 990 for fiscal year 2020 (received by the IRS October 7, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS May 1, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS August 19, 2021)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Latino Economic Development Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Latino Economic Development Corporation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Latino Economic Development Corporation funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/latino-economic-development-corporation-morg_f3e51e4904024b72954a477ca79bac34
BibTeX
@misc{grantable_521749216_2026,
author = {{Grantable}},
title = {{Latino Economic Development Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/latino-economic-development-corporation-morg_f3e51e4904024b72954a477ca79bac34},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Latino Economic Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Latino Economic Development Corporation down — hundreds of funders to go?