Civic Intelligence

Latin American Economic Development Association Inc.

990 • Fiscal year 2019 • EIN 22-2846440

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 19, 2020

Organization ProfileWWW.LAEDA.COM
433 Market StreetCamden, NJ 08102

(856) 338-1177

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.44x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

1.69x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Net Margin

7th percentile

-34%

Higher net margin than 7% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$110,661

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Asset Growth

16th percentile

-6.9%

Faster asset growth than 16% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-32%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$1,431,758

Down $106,465 (-6.9%) from 2018

Net Assets

Down

$799,048

Down $121,549 (-13%) from 2018

Liabilities

Up

$632,710

Up $15,084 (+2.4%) from 2018

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin7th percentile

Revenue

Down

$374,632

Down $174,716 (-32%) from 2018

Expenses

Down

$503,159

Down $56,283 (-10%) from 2018

Net Income

Down

-$128,527

Down $118,433 (-1173%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$1,431,758
Liabilities$632,710
Net Assets$799,048
Open 2019 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$374,632
Expenses$503,159
Net Income-$128,527
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 19, 2020
Return Version
2018v3.1
Gross Receipts
$560,579
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
Land, Buildings, and Equipment, Net$842,585$800,154▼ $42,431
Cash and Non-Interest-Bearing Accounts$406,210$385,101▼ $21,109
Investments in Publicly Traded Securities$172,205$179,183▲ $6,978
Pledges and Grants Receivable$78,235$37,567▼ $40,668
Accounts Receivable$10,353$15,003▲ $4,650
Savings and Temporary Cash Investments$10,500$10,500→ $0
Other Notes and Loans Receivable, Net$16,120$2,235▼ $13,885
Prepaid Expenses and Deferred Charges$2,015$2,015→ $0
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,538,223$1,431,758▼ $106,465
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$565,385$543,803▼ $21,582
Deferred Revenue$34,587$45,551▲ $10,964
Other Liabilities$12,505$32,505▲ $20,000
Accounts Payable and Accrued Expenses$5,149$10,851▲ $5,702
Total Liabilities$617,626$632,710▲ $15,084
Net Assets / Fund Balance
Unrestricted Net Assets$825,997$691,097▼ $134,900
Temporarily Rstr Net Assets$94,600$107,951▲ $13,351
Total Net Assets Fund Balance$920,597$799,048▼ $121,549
Total Liabilities and Net Assets / Fund Balance$1,538,223$1,431,758▼ $106,465

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$673,712$754,857$1,428,569
Buildings$64,442$83,558$148,000
Land$62,000-$62,000
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raymond LamboyPresident & CEOFT$85,000$25,661$110,661

Board Members and Trustees

NameTitle
Mariluz GonzalezBoard Chair
Krista BeyTrustee
Nicola SugliaTreasurer/sec.
Revenue and Support

Revenue Composition

Contributions and Grants
$414,615
Program Service Revenue
$1,702
Investment Income
$768
Other Revenue
$-42,453
All Other Contributions
$152,659
Change in Net Assets
$-128,527

Audited Revenue Reconciliation

Revenue per Audited Statements
$374,632
Revenue Not Reported on Form 990
$161,065
Total Revenue per Audited Statements
$535,697
Total Revenue per Form 990
$374,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$376,626
Other Expenses$126,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$192,075$17,924-$209,999
Current Officers, Directors, Trustees, and Key Employees$15,111$95,550-$110,661
Advertising$43,705$494-$44,199
Other Employee Benefits$29,045$937-$29,982
Payroll Taxes$20,543$5,441-$25,984
Occupancy$15,322$4,302-$19,624
All Other Expenses$6,020$2,009-$8,029
Fees for Services Other$7,225--$7,225
Office Expenses$5,859$915-$6,774
Conferences and Meetings$5,277$1,333-$6,610
Other Expenses$2,628$870-$3,498
Travel$2,257$630-$2,887
Total Functional Expenses$361,783$141,376$0$503,159

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$657,246
Expenses per Audited Statements$503,159
Total Expenses per Form 990$503,159
Expenses Not Reported on Form 990$154,087
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to L.a.e.d.a. Commercial Dev. Corp$20,744
Security Deposits$11,761
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“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, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“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, Line 19: Other Organization Documents Publicly Available

“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, CAMDEN, NJ 08102

Signing Officer

Name
Raymond Lamboy
Title
President & CEO
Signed
2020-02-19
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
7
Volunteers
3

Preparer

Firm
Ragone Lacatena Fairchild Beppel PC
Address
76 Euclid Avenue Suite 200, Haddonfield, NJ 08033
Preparer
Michael D Lacatena
Phone
8567959650
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Rental expenses netted with income $154087”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Rental expenses netted with income $154087”

Raw XML AppendixShowing 400 of 489 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/OtherEmployeeBenefitsGrp/TotalAmt029982
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc1COMPUTER SERVICES
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3EQUIP. RENTAL & MAINT.
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13081
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21135
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3870
IRS990/OtherExpensesGrp/ProgramServicesAmt04355
IRS990/OtherExpensesGrp/ProgramServicesAmt16110
IRS990/OtherExpensesGrp/ProgramServicesAmt26251
IRS990/OtherExpensesGrp/ProgramServicesAmt32628
IRS990/OtherExpensesGrp/TotalAmt011110
IRS990/OtherExpensesGrp/TotalAmt19191
IRS990/OtherExpensesGrp/TotalAmt27386
IRS990/OtherExpensesGrp/TotalAmt33498
IRS990/OtherLiabilitiesGrp/BOYAmt012505
IRS990/OtherLiabilitiesGrp/EOYAmt032505
IRS990/OtherRevenueMiscGrp/Desc0MGMT. FEE-LAEDA COMM. DEV
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012000
IRS990/OtherRevenueTotalAmt012000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017924
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0192075
IRS990/OtherSalariesAndWagesGrp/TotalAmt0209999
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt016120
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02235
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05441
IRS990/PayrollTaxesGrp/ProgramServicesAmt020543
IRS990/PayrollTaxesGrp/TotalAmt025984
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt078235
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt037567
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02015
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02015
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01702
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0539348
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0160
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt092749
IRS990/PYOtherRevenueAmt09840
IRS990/PYRevenuesLessExpensesAmt0-10094
IRS990/PYSalariesCompEmpBnftPaidAmt0466693
IRS990/PYTotalExpensesAmt0559442
IRS990/PYTotalRevenueAmt0549348
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-128527
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-54453
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010500
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0414615
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0539348
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0516939
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0339561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0233920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02044383
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0132262
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0141163
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0121186
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0125267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0140236
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0660114
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt058000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65660
IRS990ScheduleA/PublicSupportPY170Pct00.62900
IRS990ScheduleA/PublicSupportTotal170Amt01775706
IRS990ScheduleA/SubstantialContributorsTotAmt0268677
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0414615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0539348
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0516939
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0339561
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0233920
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02044383
IRS990ScheduleA/TotalSupportAmt02704497
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt064442
IRS990ScheduleD/BuildingsGrp/DepreciationAmt083558
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0148000
IRS990ScheduleD/ExpensesNotReportedAmt0154087
IRS990ScheduleD/ExpensesSubtotalAmt0503159
IRS990ScheduleD/LandGrp/BookValueAmt062000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0673712
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0754857
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01428569
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06978
IRS990ScheduleD/OtherExpensesIncludedAmt0154087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020744
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO L.A.E.D.A. COMMERCIAL DEV. CORP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0154087
IRS990ScheduleD/RevenueNotReportedAmt0161065
IRS990ScheduleD/RevenueSubtotalAmt0374632
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES NETTED WITH INCOME $154087
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES NETTED WITH INCOME $154087
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0800154
IRS990ScheduleD/TotalExpensesPerForm990Amt0503159
IRS990ScheduleD/TotalLiabilityAmt032505
IRS990ScheduleD/TotalRevenuePerForm990Amt0374632
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0535697
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0657246
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PDF 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, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0LAEDA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0223249272
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LAEDA COMMERCIAL DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0219205
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt044270
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0433 MARKET STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CAMDEN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd008102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt012000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AMOUNT RCV'D
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAEDA COMMERCIAL DEVELOPMENT CORP

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,431,758
Liabilities
$632,710
Net assets
$799,048
Revenue
$374,632
Expenses
$503,159
Net income
-$128,527
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
2019Detailed filing. Detailed filing data is available for this year.$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