East Baltimore Development INC FY2021 filing

Tax-deductible

Baltimore, MD501(c)(3)Since 2002Community DevelopmentEIN 27-0037508Revenue $10.6M in FY2021

On file with the IRSebdi.org1812 Ashland Ave Ste 100l, 21205-1546 · Baltimore, MDTax-exempt since Feb 2003Publicly supported charity — 170(b)(1)(A)(vi)

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Ebdi's 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 and educational opportunities.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$468K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
2 of 6
filings with a surplus
Average surplus $3.4M a year · 32% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$468K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $839K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$66.8M
112% of total assets
Concern: liabilities are 112% of assets; over 80%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.6M
+23% vs prior year
Spent
$13.0M
To programs
92%
Net assets
−$7.3M
By yearFY2020–FY2025
Revenue
$10.6M
FY2021▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.6M
FY2021$10.6M
FY2022$30.3M
FY2023$8.6M
FY2024$3.2M
FY2025$2.6M
Expenses
$13.0M
FY2021▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.6M
FY2021$13.0M
FY2022$9.6M
FY2023$3.5M
FY2024$3.4M
FY2025$3.3M
Net assets
−$7.3M
FY2021▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2020−$5.4M
FY2021−$7.3M
FY2022$12.7M
FY2023$17.7M
FY2024$18.1M
FY2025$17.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2003.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $11.9M Management & general 8% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $468K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$241,634Pt VII · Sec A
$226,399Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Karen Johnson’s $275K as Chf Real Est is at the 82nd percentile of top reported officer pay among 2832 $1–10M 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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karen Johnson$274,742$240,271$249,923$249,729$226,399$190,520
Cheryl Washington$250,744$260,318$257,646$271,960$241,634$223,980
Lise Sanders$175,289$130,786————
Andrew Freeman$115,448$175,042————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Attracts investment and jobs to East Baltimore, equipping residents for new opportunities.

Questions for East Baltimore Development INC

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Provided by the organization

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1 program · $11.9M · in their own filed words · FY2020
01

East baltimore development foundation, inc. (ebdf), a related organization, was formed in 2008 as a non-stock corporation exclusively for charitable and educational purposes to support and carry out the charitable and educational purposes of ebdi.

$11.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$839K
Grants paid · 17 grants · $2.3M · 2022–2024
City of BaltimoreFY2024$462,812
Stella May Contracting INCFY2024$369,831
New East Baltimore CommunityFY2024$363,806
Eagle Park Partner LLCFY2024$116,732
Individual RecipientFY2024$109,870
Frontline Management Services LLCFY2024$63,564
The Nelson Ideation GroupFY2024$28,545
Rebuild Metro INCFY2024$26,206
Frontline Management Services LLCFY2024$22,814
New East Baltimore CommunityFY2024$10,500
Urban Green Environmntal LLCFY2024$10,175
Sage Policy INCFY2024$5,425
Eager Park Partner LLCFY2023$383,268
Individual RecipientFY2023$44,928
Gannett Fleming INCFY2023$8,768
BrniFY2022$250,000
BrniFY2022$22,572

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$10.6M
Ln 12
Other incomeLn 4–11$5.4M
Gifts and grantsLn 1h$4.2M
Fees for servicesLn 2g$1.0M
Money outPt IX
$13.0M
Ln 25
Programscol B$11.9M
Managementcol C$1.1M
Owns and owesPt X
−$7.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$59.5M
LiabilitiesLn 26$66.8M
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$2.9M
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$5.4M
Total revenueLn 12$10.6M
Assets in detailPt X, end of year
SavingsLn 2$3.7M
Cash and savings togetherLn 1–2$3.7M
Land, buildings, equipmentLn 10c$54.5M
Other assetsLn 15$731K
Total assetsLn 16$59.5M
LiabilitiesLn 26$66.8M
Net assetsLn 32−$7.3M
OperationsPt I, VI
EmployeesI 58
VolunteersI 611
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 FY21End FY21
Cash and savingsLn 1–2$3.1M$3.7M
Land, buildings, equipmentLn 10c$56.1M$54.5M
Total assetsLn 16$60.3M$59.5M
LiabilitiesLn 26$65.8M$66.8M
Net assetsLn 32−$5.4M−$7.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$273K$108K$165K
Other salaries and wagesLn 7$514K$204K$310K
Pension plan contributionsLn 8$37K$15K$22K
Other employee benefitsLn 9$95K$38K$57K
Payroll taxesLn 10$48K$19K$29K
Legal feesLn 11b$85K$85K
Accounting feesLn 11c$213K$213K
Other fees for servicesLn 11g$3.4M$3.4M
Advertising and promotionLn 12$52K$52K
Office expensesLn 13$35K$35K
Information technologyLn 14$8K$8K
OccupancyLn 16$5K$5K$542
TravelLn 17$143$143
Conferences, conventions and meetingsLn 19$170$170
InterestLn 20$3.2M$3.2M
Depreciation, depletion and amortizationLn 22$1.7M$1.7M
InsuranceLn 23$80K$80K
Other expenses (24a–d)Ln 24$3.3M$3.3M
All other expensesLn 24e$12K$1K$10K
Total functional expensesLn 25$13.0M$11.9M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.6M$3.3M−$634K$17.4M 990 PDF
FY2024 $3.2M$3.4M−$252K$18.1M 990 PDF
FY2023 $8.6M$3.5M$5.1M$17.7M 990 PDF
FY2022 $30.3M$9.6M$20.6M$12.7M 990 PDF
FY2021 Viewing $10.6M$13.0M−$2.4M−$7.3M 990 PDF
FY2020 $8.6M$10.6M−$2.0M−$5.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $10,580,571 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,906,266$4,173,163
I-9 Program service revenuePrior year $75,164$1,032,632
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $6,647,912$5,374,776
I-12 Total revenuePrior year $8,629,342$10,580,571
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $855,751$966,398
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,782,018$11,986,346
I-18 Total expensesPrior year $10,637,769$12,952,744
I-19 Revenue less expensesPrior year −$2,008,427−$2,372,173
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $10,580,571 across 8 lines filed
VIII-1d Related organizations$11,000
VIII-1e Government grants$2,905,076
VIII-1f All other contributions, gifts and grants$1,257,087
VIII-1h Total contributions, gifts and grants$4,173,163
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,032,632$1,032,632
VIII-6 Net rental income or lossRelated to mission $5,374,722$5,374,722
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $54$54
VIII-12 Total revenueRelated to mission $6,407,354 · Unrelated business $0 · Excluded from tax $54$10,580,571
Part IX · Statement of functional expenses $12,952,744 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $108,434 · Management $164,801$273,235
IX-7 Other salaries and wagesPrograms $203,984 · Management $310,021$514,005
IX-8 Pension plan contributionsPrograms $14,697 · Management $22,337$37,034
IX-9 Other employee benefitsPrograms $37,525 · Management $57,032$94,557
IX-10 Payroll taxesPrograms $18,877 · Management $28,690$47,567
IX-11b Legal feesManagement $85,052$85,052
IX-11c Accounting feesManagement $212,840$212,840
IX-11g Other fees for servicesPrograms $3,362,478$3,362,478
IX-12 Advertising and promotionManagement $51,678$51,678
IX-13 Office expensesManagement $34,741$34,741
IX-14 Information technologyManagement $8,212$8,212
IX-16 OccupancyPrograms $4,860 · Management $542$5,402
IX-17 TravelManagement $143$143
IX-19 Conferences, conventions and meetingsManagement $170$170
IX-20 InterestPrograms $3,156,084$3,156,084
IX-22 Depreciation, depletion and amortizationPrograms $1,688,713$1,688,713
IX-23 InsuranceManagement $79,753$79,753
IX-24 Other expenses (24a–d)Programs $3,289,212$3,289,212
IX-24e All other expensesPrograms $1,470 · Management $10,398$11,868
IX-25 Total functional expensesPrograms $11,886,334 · Management $1,066,410 · Fundraising $0$12,952,744
Part X · Balance sheet $59,534,248 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,054,980$3,656,227
X-3 Pledges and grants receivableStart of year $55,067$50,000
X-4 Accounts receivable$514,599
X-9 Prepaid expenses and deferred charges$75,731
X-10c Land, buildings and equipment, netStart of year $56,117,623$54,506,210
X-15 Other assetsStart of year $1,119,185$731,481
X-16 Total assetsStart of year $60,346,855$59,534,248
X-17 Accounts payable and accrued expensesStart of year $1,620,976$2,948,489
X-19 Deferred revenueStart of year $215,291$105,685
X-20 Tax-exempt bond liabilitiesStart of year $61,565,000$61,145,000
X-25 Other liabilitiesStart of year $2,380,832$2,637,124
X-26 Total liabilitiesStart of year $65,782,099$66,836,298
X-27 Net assets without donor restrictionsStart of year −$5,668,911−$7,514,467
X-28 Net assets with donor restrictionsStart of year $233,667$212,417
X-32 Total net assets or fund balancesStart of year −$5,435,244−$7,302,050
X-33 Total liabilities and net assetsStart of year $60,346,855$59,534,248
Part XI · Reconciliation of net assets −$7,302,050 net assets at year end
XI-1 Total revenue$10,580,571
XI-2 Total expenses$12,952,744
XI-3 Revenue less expenses−$2,372,173
XI-4 Net assets at start of year−$5,435,244
XI-9 Other changes in net assets$505,367
XI-10 Net assets at end of year−$7,302,050

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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