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East Baltimore Development Foundation INC

Tax-deductible

Baltimore, MD501(c)(3)Since 2008Community Development EIN 26-3871581Revenue $973K in FY2025

On file with the IRSebdi.org1812 Ashland Avenue Suite 100 L, 21205-1546 · Baltimore, MDTax-exempt since Feb 2009Supporting organization — 509(a)(3)

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As a type I supporting organization, as defined by the irs, all programs are exclusively for the charitable and educational purposes of East Baltimore Development, INC. (ebdi), the supported organization. Ebdi, a related organization, was formed in 2002 as a non-stock corporation whose mission is to successfully attract market-oriented investment, Development, population and enterprise to the East Baltimore community while equipping community residents with the skills, information and resources they need to benefit from new housing, employment, business and educational opportunities. The East Baltimore revitalization initiative leverages the world-class health and research facilities that anchor and economically power the neighborhood, the city, and the region.

501(c)(3) charity; gifts are tax-deductible.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $7.3M a year · 357% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
73 mo
of spending, in cash
Looks good: 72.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$197K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$973K
Spent
$214K
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$973K
FY2025
Tap a bar for its year
Revenue by fiscal year
FY2020$11.2M
FY2021$12K
FY2022$10K
FY2023$2K
FY2024$0
FY2025$973K
Expenses
$214K
FY2025▲ +279%
Tap a bar for its year
Expenses by fiscal year
FY2020$55.3M
FY2021$90K
FY2022$81K
FY2023$80K
FY2024$57K
FY2025$214K
Net assets
$1.5M
FY2025▲ +108%
Tap a bar for its year
Net assets by fiscal year
FY2020$902K
FY2021$825K
FY2022$1.4M
FY2023$1.4M
FY2024$701K
FY2025$1.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $214K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Cheryl Washington
President an
$0Pt VII · Sec A
Johnny Coleman
Board Member
$0Pt VII · Sec A
Jack Day
Board Member
$0Pt VII · Sec A
Antonio Glover
Board Member
$0Pt VII · Sec A
Cory McCray
Treasurer
$0Pt VII · Sec A
Robert Stokes
Board Member
$0Pt VII · Sec A
Maria Tildon
Board Member
$0Pt VII · Sec A
Caron Watkins
Secretary
$0Pt VII · Sec A
See East Baltimore Development Foundation INC executive salaries →

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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

Supports East Baltimore's revitalization by providing residents skills and resources for new opportunities.

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1 program · in their own filed words · FY2024
01

Ebdfi supports and carries out the charitable and educational purposes of ebdi which focuses on efforts to revitalize the distressed community of east baltimore located in the city of baltimore, maryldand.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $22K · 2019–2020
East Baltimore Development INCMD · FY2020$11,000
East Baltimore Development INCMD · FY2019$11,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$973K
Ln 12
Investment incomeLn 3$935K
Fees for servicesLn 2g$37K
Money outPt IX
$214K
Ln 25
Managementcol C$214K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.7M
LiabilitiesLn 26$197K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$37K
Investment incomeLn 3$935K
Gains on assetsLn 7$935K
Total revenueLn 12$973K
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Other assetsLn 15$5K
Total assetsLn 16$1.7M
LiabilitiesLn 26$197K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$301K$1.3M
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$734K$197K
Net assetsLn 32$701K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$45K$45K
InterestLn 20$10K$10K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$144K$144K
Total functional expensesLn 25$214K$0$214K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $973K$214K$758K$1.5M 990 PDF
FY2024 $0$57K−$57K$701K 990 PDF
FY2023 $2K$80K−$78K$1.4M 990 PDF
FY2022 $10K$81K−$70K$1.4M 990 PDF
FY2021 $12K$90K−$77K$825K 990 PDF
FY2020 $11.2M$55.3M−$44.0M$902K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $972,552 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$37,099
I-10 Investment income$935,453
I-11 Other revenue$0
I-12 Total revenue$972,552
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $56,560$214,134
I-18 Total expensesPrior year $56,560$214,134
I-19 Revenue less expensesPrior year −$56,560$758,418
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $972,552 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,099$37,099
VIII-7 Net gain or loss on sales of assetsRelated to mission $935,453$935,453
VIII-12 Total revenueRelated to mission $972,552$972,552
Part IX · Statement of functional expenses $214,134 across 4 lines filed
IX-16 OccupancyManagement $45,400$45,400
IX-20 InterestManagement $10,080$10,080
IX-23 InsuranceManagement $14,986$14,986
IX-24 Other expenses (24a–d)Management $143,668$143,668
IX-25 Total functional expensesPrograms $0 · Management $214,134 · Fundraising $0$214,134
Part X · Balance sheet $1,656,044 assets, 9 lines filed
Asset lines not itemized here account for $349,850; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $301,224$1,299,973
X-9 Prepaid expenses and deferred chargesStart of year $1,221$1,221
X-15 Other assetsStart of year $759,471$5,000
X-16 Total assetsStart of year $1,435,169$1,656,044
X-25 Other liabilitiesStart of year $206,436$196,758
X-26 Total liabilitiesStart of year $734,301$196,758
X-27 Net assets without donor restrictionsStart of year $700,868$1,459,286
X-32 Total net assets or fund balancesStart of year $700,868$1,459,286
X-33 Total liabilities and net assetsStart of year $1,435,169$1,656,044
Part XI · Reconciliation of net assets $1,459,286 net assets at year end
XI-1 Total revenue$972,552
XI-2 Total expenses$214,134
XI-3 Revenue less expenses$758,418
XI-4 Net assets at start of year$700,868
XI-10 Net assets at end of year$1,459,286

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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