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    Local Enterprise Assistance Fund Inc. Logo

    MIP Score

    68

    Employment
    NEC Employment Support

    Local Enterprise Assistance Fund Inc.

    Local Enterprise Assistance Fund Inc. Logo

    Local Enterprise Assistance Fund Inc.

    Employment
    NEC Employment Support
    386 WESTERN AVE, Boston, MA, United States 02135-1011View all Boston charities
    EIN: 04-2763724
    Total Assets: $26.24 million
    Established in 1982

    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.

    Read more on their website →

    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

    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.

    Showing 3 of 5 goals

    Goal 1

    No Poverty

    Goal 2

    No Hunger

    Goal 8

    Decent Work and Economic Growth

    Goal 1

    No Poverty

    Goal 2

    No Hunger

    Goal 8

    Decent Work and Economic Growth

    Goal 10

    Reduced Inequalities

    Goal 11

    Sustainable Cities and Communities

    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%

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