Los Angeles Ldc INC: Nonprofit Profile, Financials & Form 990 (EIN 95-3532380)

Michael Banner’s $154K as Presidentceo is at the 98th percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Los Angeles Ldc INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects distressed communities with capital and business advice.

Questions for Los Angeles Ldc INC

Tap to ask. Los Angeles Ldc INC sees how many people are interested.

Your first name shows with your question. Los Angeles Ldc INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $16K · in their own filed words · FY2021

01

Community development adviosry services to borrowers and lenders to assist with the implentation of reivestment strategies and economic activities.

$16Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2022

American Online Giving Foundation INCFY2022$25K

Total grants receivedfrom 1 funder$25K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$59K

Ln 12

Other incomeLn 4–11$42K

Fees for servicesLn 2g$9K

Gifts and grantsLn 1h$6K

Money outPt IX

$0

Ln 25

Owns and owesPt X

$1.9M

net assets · Ln 32

Cash and savingsLn 1–2$469K

Total assetsLn 16$1.9M

LiabilitiesLn 26$55K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6K

Fees for servicesLn 2g$9K

Investment incomeLn 3$844

Other incomeLn 4–11$42K

Total revenueLn 12$59K

Assets in detailPt X, end of year

CashLn 1$469K

Cash and savings togetherLn 1–2$469K

Land, buildings, equipmentLn 10c$1.2M

Total assetsLn 16$1.9M

LiabilitiesLn 26$55K

Net assetsLn 32$1.9M

OperationsPt I, VI

EmployeesI 52

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$435K	$469K
Land, buildings, equipmentLn 10c	$1.2M	$1.2M
Total assetsLn 16	$1.8M	$1.9M
LiabilitiesLn 26	$61K	$55K
Net assetsLn 32	$1.8M	$1.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Total functional expensesLn 25	$0	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest Viewing	$59K	$0	$59K	$1.9M	990 PDF
FY2021	$59K	$148K	−$89K	$0	990 PDF
FY2020	$3.2M	$360K	$2.8M	$1.9M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $59,144 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,500$6,500

I-9 Program service revenue$9,375

I-10 Investment incomePrior year $10,130$844

I-11 Other revenuePrior year $42,425$42,425

I-12 Total revenuePrior year $59,055$59,144

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to membersPrior year $147,679$0

I-15 Salaries and benefitsPrior year $31,861$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $52,881$0

I-18 Total expensesPrior year $232,421$0

I-19 Revenue less expensesPrior year −$173,366$59,144

Part VI · Governance 6 of 7 board members independent, 2 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members6

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $59,144 across 7 lines filed

Lines not itemized here account for $472 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$6,500

VIII-1h Total contributions, gifts and grants$6,500

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,375$9,375

VIII-3 Investment incomeRelated to mission $372$372

VIII-8 Net income from fundraising events$0

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $42,425$42,425

VIII-12 Total revenueRelated to mission $52,644$59,144

Part IX · Statement of functional expenses $0 across 0 lines filed

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0

Part X · Balance sheet $1,944,017 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $435,415$469,335

X-9 Prepaid expenses and deferred chargesStart of year $191,400$550

X-10c Land, buildings and equipment, netStart of year $1,157,451$1,157,451

X-14 Intangible assetsStart of year $44,026$316,681

X-16 Total assetsStart of year $1,849,468$1,944,017

X-17 Accounts payable and accrued expensesStart of year $53,625$4,092

X-24 Unsecured notes and loans payable$42,425

X-26 Total liabilitiesStart of year $60,839$54,832

X-27 Net assets without donor restrictionsStart of year $1,788,629$1,889,185

X-32 Total net assets or fund balancesStart of year $1,788,629$1,889,185

X-33 Total liabilities and net assetsStart of year $1,849,468$1,944,017

Part XI · Reconciliation of net assets $1,889,185 net assets at year end

XI-1 Total revenue$59,144

XI-2 Total expenses$0

XI-3 Revenue less expenses$59,144

XI-4 Net assets at start of year$1,788,629

XI-10 Net assets at end of year$1,889,185

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Los Angeles Ldc INC

Before you give

Is it real?

Who runs it and what they're paid