Emerald Development & Economic Network FY2023 filing
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Provides safe, affordable housing and support to end homelessness. For fiscal year 2023 it reported $47.5M in revenue, $46.9M in expenses, and $25.4M in net assets.Pt I
Summary of the Filing
Where the work happens
O in 2023, the organization was administering rental assistance programs that provided housing for over 3,500 households who were extremely and very low income, experiencing homelessness or unstably housed, and who had a disability AND/OR were part of a special needs group including justice involved individuals, veterans or survivors of…
O the provision and management of housing units for persons who are experiencing homelessness or are unstably housed, who have a disability AND/OR are part of a special needs group including justice involved individuals, veterans or survivors of domestic violence AND/OR human trafficking, and who are very LOW/EXTREMELY low income: eden…
The development of housing opportunities for persons who are experiencing homeless or that are unstably housed, who have a disability AND/OR are part of a special needs population such as justice involved individuals, survivors of domestic violence AND/OR human trafficking and veterans.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Elaine Gimmel’s $184K as Executive Director is at the 36th percentile of top reported officer pay among 672 $10–100M housing 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Elaine Gimmel | $183,853 | $192,626 | $181,907 | $173,616 | $178,736 |
| Sharon Parks | $151,167 | $146,864 | $131,615 | $121,011 | $131,276 |
| Emma Petrie Barcelona | $148,513 | $144,002 | $128,294 | — | — |
| Michael Doud | — | — | — | $66,464 | $133,155 |
| Gerri Kornblut | — | $128,791 | $113,575 | — | — |
| Richard Carr | $106,251 | $108,557 | — | — | — |
| Rachella Tillman | $104,208 | $102,955 | — | — | — |
| Judith Engel | — | $100,780 | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 95% | — | — |
| Overhead ratio | 5% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 13% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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