Local Enterprise Assistance Fund Inc. Logo

MIP Score

68

Employment
NEC Employment Support

Local Enterprise Assistance Fund Inc.

Mission

LEAF, a nonprofit Community Development Financial Institution (CDFI) founded in 1982, funds cooperative economies by offering financing and advisory services to cooperatives and underserved businesses, especially those that promote shared ownership. Our work focuses on economic inclusion, healthy food access, and affordable housing.

Basic Information

Tax-Exempt

Address

386 WESTERN AVE, Boston, MA, United States 02135-1011

View all Boston charities

Founded in

1982

EIN

04-2763724

Total Assets

$26.24 million

UN Sustainable Development Goals Supported

This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

At a Glance

Urban Greens Food Co-op

Urban Greens Food Co-op

A cooperative grocery store aiming to provide healthy food access in its community.

Elevate Small Business Program

Elevate Small Business Program

A program providing funding and advisory services for small businesses in Massachusetts.

Massachusetts Food Trust Program

Massachusetts Food Trust Program

Promotes healthy food access through a revolving loan fund for food-related businesses.

Impact Stats

$32 million

Total loan amount

Direct Loans Funded

LEAF has funded a total of direct loans to businesses, enhancing economic opportunities.

276

Number of businesses

Businesses Supported

LEAF has provided 1-on-1 technical assistance to numerous small businesses across Massachusetts.

844

Affordable housing units

Affordable Housing Units

LEAF has facilitated the creation and preservation of affordable housing units across communities.

Our Programs

Elevate Small Business

Elevate Small Business

Provides funding, technical assistance, and procurement services for small businesses.

Learn More
Massachusetts Food Trust Program

Massachusetts Food Trust Program

Healthy food revolving loan fund for businesses in Massachusetts.

Learn More

MIP Score (Beta)

The MIP Score is in beta! We'd love any feedback you may have.

The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

Overall Score

68

54

/100

Program Expense Ratio

79.96%

12

/20

Program Revenue Growth

25.05%

18

/20

Leverage Ratio

0.5902

6

/20

Working Capital Ratio

3.685

16

/20

Fundraising Efficiency

0

2

/20

Latest Filing Data: Form 990

Fiscal Year:2022

Source:Source: Self-reported by organization

Financial Details

Revenue

CategoryAmountPercentage
Contributions, Gifts, and Grants2.529M71.76%
Program Services786.8K22.32%
Investment Income208.8K5.92%
Sales of Non-Inventory Assets00.00%
Other Notable Sources00.00%
Total Revenue3.525M100.00%