Latino Community Development Center
96% goes to programs $0 to raise $100 Strong reserves Growing revenue
Latino Community Development Center is a 501(c)(3) organization based in Durham, North Carolina, registered in 2002, with $65,268,055 in FY2024 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
100 W Morgan St, Durham, NC, 27701 EIN 82-0551614 Since 2002
Revenue (FY2024)
$65.3M
▲ 19863.1% vs prior year
Human Services median: $293K
Expenses (FY2024)
$5.2M
Net assets
$61.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating96% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Latino Community Development Center: 96% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating142 mo reserves · +92% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Latino Community Development Center: 142 mo reserves · +92% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Latino Community Development Center: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Latino Community Development Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Latino community development center promotes financial literacy, access to financial services, and economic development primarily for the low and moderate income population in north carolina
What they do
Provide access to financial services to low income communities traditionally left out of the financial services sector.
Contact & location
- Address
- 100 W Morgan St, Durham, NC, 27701
- City
- Durham
- State
- North Carolina
- Category
- Human Services
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $100K (FY2012) to $65.3M (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $176KNet assets $61.8M
Operating margin
92.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$62.0M
Total liabilities
$176K
Net assets
$61.8M
Salaries & benefits
$0
0% of expenses
Board members
4
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $65,268,055▲19863% | $5,232,337▲2317% | $61,780,128▲3442% | $61,956,392▲3399% | 990 |
| 2023 | $326,943▲18.0% | $216,467▼76.7% | $1,744,410▲6.8% | $1,770,589▼23.3% | 990 |
| 2022 | $277,181▼83.2% | $927,874▲94.0% | $1,633,934▼28.5% | $2,307,671▼9.8% | 990 |
| 2021 | $1,649,036▼84.3% | $478,385▼95.4% | $2,284,627▲105% | $2,559,428▲128% | 990 |
| 2020 | $10,502,090▲8569% | $10,439,342▲23692% | $1,113,976▲6.0% | $1,120,929▲6.3% | 990 |
| 2019 | $121,139▼18.7% | $43,877▼51.8% | $1,051,228▲7.9% | $1,054,439▲7.8% | 990 |
| 2018 | $148,989▲45.2% | $91,014▲38.5% | $973,966▲6.3% | $978,497▲6.6% | 990 |
| 2017 | $102,604▼36.2% | $65,701▲62.8% | $915,991▲4.2% | $917,918▲4.4% | 990 |
| 2016 | $160,863▼38.0% | $40,359▼80.2% | $879,088▲15.9% | $879,088▲13.9% | 990 |
| 2015 | $259,553▼30.6% | $204,289▲35.1% | $758,584▲7.9% | $771,511▲9.7% | 990 |
| 2014 | $374,081▲50.2% | $151,196▼9.7% | $703,320▲46.4% | $703,320▲46.4% | 990 |
| 2013 | $249,098▲150% | $167,506▲138% | $480,435▲20.5% | $480,435▲19.8% | 990 |
| 2012 | $99,501 | $70,440▼91.6% | $398,843▲7.9% | $401,144▲7.0% | 990EZ |
| 2011 | — | $834,178 | $369,782 | $374,938 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Erika Bell | Director | 1 | — |
| John Herrera | Chair | 1 | — |
| Maria Scanga | Director | 1 | — |
| Maria Victoria Garcia | Ceo | 1 | — |
| Rodrigo Iniguez | Cfo | 1 | — |
Grants received · $10.1M total
3 grants to Latino Community Development Center totaling $10.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hispanic Federation Inc | Covid 19 emergency assistance | 2022 | $25,000 |
| National Philanthropic Tr | Human services | 2020 | $10,000,000 |
| Duke University | Duke univ covid hardship grant | 2019 | $75,000 |
Grants made · $5.0M in FY2024
1 grant totaling $5.0M in FY2024. All grants made by Latino Community Development Center →
| Recipient | Purpose | Amount |
|---|---|---|
| State Chartered Credit Unions In North Carolina | Operational improvements to increase access to financial services | $5,000,000 |
Similar organizations in Human Services
- Human Services
Hospice of the Emerald Coast Inc
Mooresville, NC
$61.7M
C+annual revenue
Human Services
Telamon Corporation
Raleigh, NC
$70.8M
A+annual revenue
Human Services
Authoracare Collective
Burlington, NC
$59.6M
Bannual revenue
Human Services
Everyage
Newton, NC
$57.3M
Bannual revenue
- Human Services
Presbyterian Homes Inc
Greensboro, NC
$73.5M
Aannual revenue
Human Services
YMCA of Greater Charlotte
Charlotte, NC
$74.1M
B+annual revenue
Human Services
Southminster Inc
Charlotte, NC
$54.4M
Dannual revenue
Human Services
Carolina Meadows Inc
Chapel Hill, NC
$53.8M
Dannual revenue
Human Services
Medassist of Mecklenburg
Charlotte, NC
$53.0M
Aannual revenue
Human Services
Presbyterian Homes Inc
Greensboro, NC
$51.8M
C+annual revenue
Compare Latino Community Development Center
Frequently asked questions
- Is Latino Community Development Center a legitimate nonprofit?
- Yes. Latino Community Development Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-0551614, based in Durham, North Carolina. Donations are tax-deductible.
- What is Latino Community Development Center's EIN?
- Latino Community Development Center's Employer Identification Number (EIN) is 82-0551614.
- How much revenue does Latino Community Development Center report?
- Latino Community Development Center reported $65,268,055 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Latino Community Development Center's spending goes to programs?
- Latino Community Development Center spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Latino Community Development Center have?
- CharityIndex grades Latino Community Development Center A, based on program efficiency and fundraising cost.
- How much does Latino Community Development Center's highest-paid employee make?
- The highest reported compensation on Latino Community Development Center's latest Form 990 is $0, paid to Erika Bell (Director).
More nonprofits in Durham
Explore more
Data for Latino Community Development Center (EIN 82-0551614) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.