Civic Intelligence

Latin American Economic Development Association Inc

EIN 22-2846440 • 501(c)3 • Camden, NJ

Profile

The Latin American Economic Development Association, Inc (LAEDA) is a non-profit economic development organization dedicated: to the creation of small business ownership opportunities for economically disadvantaged minorities, to contribute to the growth and success of minority owned small businesses and the development of the marketplace in the communities we serve.This non-profit was formed with the purpose:1.To raise the economic, educational, and social levels of the economically disadvantaged residents, primarily members of the minority community, in the Delaware Valley, primarily the City of Camden, New Jersey; to foster and promote employment creation initiatives and expansion of the job base in the community; and to foster and promote community-wide interest and concern for the problems of such residents to the end that (a) educational and economic opportunities may be expanded; (b) sickness, poverty, crime, and environmental degradation may be lessened; and (c) racial tensions

433 Market Street Suite 202Camden, NJ 08102-1572

www.laeda.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.59x

Higher debt load relative to assets than 80% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

1.60x

Higher debt load relative to revenue than 86% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Net Margin

27th percentile

-6.2%

Higher net margin than 27% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$123,984

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2025

Asset Growth

84th percentile

36%

Faster asset growth than 84% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

41%

Faster revenue growth than 77% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$1,888,449

Up $504,667 (+36%) from 2024

Liabilities

Up

$1,113,862

Up $532,610 (+92%) from 2024

Net Assets

Down

$774,587

Down $27,943 (-3.5%) from 2024

Operations
Liabilities / Revenue86th percentileNet Margin27th percentile

Revenue

Up

$697,507

Up $202,968 (+41%) from 2024

Expenses

Up

$740,995

Up $174,510 (+31%) from 2024

Net Income

Up

-$43,488

Up $28,458 (+40%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth84th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,633,946Liabilities 2012: $650,805Net Assets 2012: $983,1412012Assets 2013: $1,585,807Liabilities 2013: $612,264Net Assets 2013: $973,5432013Assets 2014: $1,499,686Liabilities 2014: $596,495Net Assets 2014: $903,1912014Assets 2015: $1,472,358Liabilities 2015: $680,656Net Assets 2015: $791,7022015Assets 2016: $1,411,830Liabilities 2016: $689,675Net Assets 2016: $722,1552016Assets 2017: $1,542,958Liabilities 2017: $624,654Net Assets 2017: $918,3042017Assets 2018: $1,538,223Liabilities 2018: $617,626Net Assets 2018: $920,5972018Assets 2019: $1,431,758Liabilities 2019: $632,710Net Assets 2019: $799,0482019Assets 2020: $1,537,719Liabilities 2020: $730,817Net Assets 2020: $806,9022020Assets 2021: $1,483,330Liabilities 2021: $634,807Net Assets 2021: $848,5232021Assets 2022: $1,526,861Liabilities 2022: $657,013Net Assets 2022: $869,8482022Assets 2023: $1,486,521Liabilities 2023: $631,013Net Assets 2023: $855,5082023Assets 2024: $1,383,782Liabilities 2024: $581,252Net Assets 2024: $802,5302024Assets 2025: $1,888,449Liabilities 2025: $1,113,862Net Assets 2025: $774,5872025

Highlighted filing

2025

Assets$1,888,449
Liabilities$1,113,862
Net Assets$774,587
Open 2025 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $240,397Expenses 2012: $301,550Net Income 2012: -$61,1532012Revenue 2013: $298,987Expenses 2013: $334,304Net Income 2013: -$35,3172013Revenue 2014: $207,939Expenses 2014: $327,163Net Income 2014: -$119,2242014Revenue 2015: $204,903Expenses 2015: $317,288Net Income 2015: -$112,3852015Revenue 2016: $308,737Expenses 2016: $372,434Net Income 2016: -$63,6972016Revenue 2017: $654,941Expenses 2017: $478,099Net Income 2017: $176,8422017Revenue 2018: $549,348Expenses 2018: $559,442Net Income 2018: -$10,0942018Revenue 2019: $374,632Expenses 2019: $503,159Net Income 2019: -$128,5272019Revenue 2020: $420,112Expenses 2020: $447,850Net Income 2020: -$27,7382020Revenue 2021: $553,523Expenses 2021: $555,471Net Income 2021: -$1,9482021Revenue 2022: $540,206Expenses 2022: $482,388Net Income 2022: $57,8182022Revenue 2023: $498,545Expenses 2023: $524,347Net Income 2023: -$25,8022023Revenue 2024: $494,539Expenses 2024: $566,485Net Income 2024: -$71,9462024Revenue 2025: $697,507Expenses 2025: $740,995Net Income 2025: -$43,4882025

Highlighted filing

2025

Revenue$697,507
Expenses$740,995
Net Income-$43,488
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,888,449
Liabilities
$1,113,862
Net assets
$774,587
Revenue
$697,507
Expenses
$740,995
Net income
-$43,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.89$1.11$0.77$0.70$0.74$0.04
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.58$0.80$0.49$0.57$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.63$0.86$0.50$0.52$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.66$0.87$0.54$0.48$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.63$0.85$0.55$0.56$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.73$0.81$0.42$0.45$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.63$0.80$0.37$0.50$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.62$0.92$0.55$0.56$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.62$0.92$0.65$0.48$0.18
2016Summary only. Only limited summary data is available for this year.$1.41$0.69$0.72$0.31$0.37$0.06
2015Summary only. Only limited summary data is available for this year.$1.47$0.68$0.79$0.20$0.32$0.11
2014Summary only. Only limited summary data is available for this year.$1.50$0.60$0.90$0.21$0.33$0.12
2013Summary only. Only limited summary data is available for this year.$1.59$0.61$0.97$0.30$0.33$0.04
2012Summary only. Only limited summary data is available for this year.$1.63$0.65$0.98$0.24$0.30$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 14, 2026
Return Version
2024v5.5
Gross Receipts
$866,948
Mission and Program Overview

Mission

The latin american economic development association, inc (laeda) is a non-profit economic development organization dedicated: to the creation of small business ownership opportunities for economically disadvantaged minorities, to contribute to the growth and success of minority owned small businesses and the development of the marketplace in the communities we serve.this non-profit was formed with the purpose:1.to raise the economic, educational, and social levels of the economically disadvantaged residents, primarily members of the minority community, in the delaware valley, primarily the city of camden, new jersey; to foster and promote employment creation initiatives and expansion of the job base in the community; and to foster and promote community-wide interest and concern for the problems of such residents to the end that (a) educational and economic opportunities may be expanded; (b) sickness, poverty, crime, and environmental degradation may be lessened; and (c) racial tensions

Laeda is dedicated: to the creation of small business ownership opportunities for economically disadvantaged minorities, to contribute to the growth and success of minority owned small businesses and the development of the marketplace in the communities we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$426,331$954,306▲ $527,975
Land, Buildings, and Equipment, Net$588,011$584,318▼ $3,693
Investments in Publicly Traded Securities$217,282$238,038▲ $20,756
Pledges and Grants Receivable$138,094$99,040▼ $39,054
Savings and Temporary Cash Investments$10,500$10,500→ $0
Prepaid Expenses and Deferred Charges$2,015$2,015→ $0
Accounts Receivable$1,317--
Other Notes and Loans Receivable, Net$232$232→ $0
Total Assets$1,383,782$1,888,449▲ $504,667
Liabilities
Other Liabilities$30,332$546,205▲ $515,873
Mortgage Notes Payable Secured by Investment Property$513,180$527,205▲ $14,025
Accounts Payable and Accrued Expenses$21,260$27,785▲ $6,525
Deferred Revenue$16,480$12,667▼ $3,813
Total Liabilities$581,252$1,113,862▲ $532,610
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$660,430$709,987▲ $49,557
Net Assets With Donor Restrictions$142,100$64,600▼ $77,500
Total Net Assets Fund Balance$802,530$774,587▼ $27,943
Total Liabilities and Net Assets / Fund Balance$1,383,782$1,888,449▲ $504,667

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$480,076$989,833$1,469,909
Buildings$42,242$105,758$148,000
Land$62,000-$62,000
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raymond LamboyPresident & CEOFT$99,808$24,176$123,984

Board Members and Trustees

NameTitle
Jose MercadoBoard Chair
Diana PerezMember
Josue CastroMember
Juan HernandezMember
Krista BeySecretary
Justin DengTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$721,902
Program Service Revenue
$0
Investment Income
$5,580
Other Revenue
$-29,975
All Other Contributions
$360,779
Change in Net Assets
$-43,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$516,967
Other Expenses$224,028
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$188,384$111,036-$299,420
Current Officers, Directors, Trustees, and Key Employees$107,866$16,118-$123,984
Other Employee Benefits$27,387$30,077-$57,464
Payroll Taxes$26,977$9,122-$36,099
All Other Expenses$17,861$16,464-$34,325
Occupancy$22,058$-630-$21,428
Conferences and Meetings$10,977$736-$11,713
Other Expenses$10,083$946-$10,083
Travel$5,042$-312-$4,730
Total Functional Expenses$543,829$197,166$0$740,995
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$500,000
Intercompany Payable$35,579
Security Deposits$10,626
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Line 11b explanation - pdf copies are forwarded to each member of the board of directors with a request for any questions to be posed to the board chair and ceo and/or posed at the next board meeting.”

Form 990, Part VI, Section B, Line 12C

“Every new hire is required to review and disclose any conflicts of interest. In real-time, the ceo and office administrator monitor the activities of the board and staff and address any perceived or actual conflict with the board member or staff member.”

Form 990, Part VI, Section B, Line 15A

“The organization prepares an annual financial budget. Within the budget, compensation for the executive director is presented. The board of directors reviews and approves or disapproves of the budgeted compensation annually.”

Form 990, Part VI, Section C, Line 19

“Interested parties may make a request in writing stating reason and purpose for request (used to track requests and not used for denial). All parties making requests may not be denied access to these documents.”

Filing and Contact Details

Filer

Filer Name
Latin American Economic Development
EIN
22-2846440
Phone
8563381177
Address
433 MARKET STREET SUITE 202, CAMDEN, NJ 08102-1572

Signing Officer

Name
Raymond Lamboy
Title
President & CEO
Phone
8563381177
Signed
2026-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raymond Lamboy
Formed
1987
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
10
Volunteers
0

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
601 WHITE HORSE ROAD, VOORHEES, NJ 08043-2493
Preparer
Dennis Skalkowski
Phone
8564356200
Raw XML AppendixShowing 400 of 447 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION, INC (LAEDA) IS A NON-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION DEDICATED: TO THE CREATION OF SMALL BUSINESS OWNERSHIP OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED MINORITIES, TO CONTRIBUTE TO THE GROWTH AND SUCCESS OF MINORITY OWNED SMALL BUSINESSES AND THE DEVELOPMENT OF THE MARKETPLACE IN THE COMMUNITIES WE SERVE.THIS NON-PROFIT WAS FORMED WITH THE PURPOSE:1.TO RAISE THE ECONOMIC, EDUCATIONAL, AND SOCIAL LEVELS OF THE ECONOMICALLY DISADVANTAGED RESIDENTS, PRIMARILY MEMBERS OF THE MINORITY COMMUNITY, IN THE DELAWARE VALLEY, PRIMARILY THE CITY OF CAMDEN, NEW JERSEY; TO FOSTER AND PROMOTE EMPLOYMENT CREATION INITIATIVES AND EXPANSION OF THE JOB BASE IN THE COMMUNITY; AND TO FOSTER AND PROMOTE COMMUNITY-WIDE INTEREST AND CONCERN FOR THE PROBLEMS OF SUCH RESIDENTS TO THE END THAT (A) EDUCATIONAL AND ECONOMIC OPPORTUNITIES MAY BE EXPANDED; (B) SICKNESS, POVERTY, CRIME, AND ENVIRONMENTAL DEGRADATION MAY BE LESSENED; AND (C) RACIAL TENSIONS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09122
IRS990/PayrollTaxesGrp/ProgramServicesAmt026977
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02015
IRS990/PrincipalOfficerNm0RAYMOND LAMBOY
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt042242
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0105758
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0148000
IRS990ScheduleD/LandGrp/BookValueAmt062000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0480076
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0989833
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01469909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt135579
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTERCOMPANY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2REFUNDABLE ADVANCES
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - PDF COPIES ARE FORWARDED TO EACH MEMBER OF THE BOARD OF DIRECTORS WITH A REQUEST FOR ANY QUESTIONS TO BE POSED TO THE BOARD CHAIR AND CEO AND/OR POSED AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY NEW HIRE IS REQUIRED TO REVIEW AND DISCLOSE ANY CONFLICTS OF INTEREST. IN REAL-TIME, THE CEO AND OFFICE ADMINISTRATOR MONITOR THE ACTIVITIES OF THE BOARD AND STAFF AND ADDRESS ANY PERCEIVED OR ACTUAL CONFLICT WITH THE BOARD MEMBER OR STAFF MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PREPARES AN ANNUAL FINANCIAL BUDGET. WITHIN THE BUDGET, COMPENSATION FOR THE EXECUTIVE DIRECTOR IS PRESENTED. THE BOARD OF DIRECTORS REVIEWS AND APPROVES OR DISAPPROVES OF THE BUDGETED COMPENSATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INTERESTED PARTIES MAY MAKE A REQUEST IN WRITING STATING REASON AND PURPOSE FOR REQUEST (USED TO TRACK REQUESTS AND NOT USED FOR DENIAL). ALL PARTIES MAKING REQUESTS MAY NOT BE DENIED ACCESS TO THESE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0LAEDA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0223249272
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LAEDA COMMERCIAL DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0433 MARKET STREET SUITE 202
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CAMDEN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AMOUNT RCV'D
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAEDA COMMERCIAL DEVELOPMENT CORP
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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