Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1991.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
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
26 people listed on the 990; $925K paid to officers and key staff.
Elaine Gimmel’s $184K as Executive Director is at the 36th percentile of top reported officer pay among 676 $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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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
Provides safe, affordable housing and support to end homelessness.
Questions for Emerald Development & Economic Network
Your first name shows with your question. Emerald Development & Economic Network answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.8M | $8.3M |
| InvestmentsLn 11–13 | $6.1M | $6.1M |
| Land, buildings, equipmentLn 10c | $17.2M | $16.8M |
| Total assetsLn 16 | $39.0M | $46.2M |
| LiabilitiesLn 26 | $14.1M | $20.8M |
| Net assetsLn 32 | $24.9M | $25.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $2.2M | $2.2M | ||
| Grants to domestic individualsLn 2 | $29.1M | $29.1M | ||
| Pay of current officers, directors and key staffLn 5 | $671K | $598K | $74K | |
| Other salaries and wagesLn 7 | $6.2M | $5.6M | $688K | |
| Pension plan contributionsLn 8 | $198K | $190K | $8K | |
| Other employee benefitsLn 9 | $883K | $807K | $76K | |
| Payroll taxesLn 10 | $724K | $637K | $87K | |
| Legal feesLn 11b | $13K | $11K | $2K | |
| Accounting feesLn 11c | $46K | $46K | ||
| Other fees for servicesLn 11g | $333K | $83K | $249K | |
| Office expensesLn 13 | $947K | $169K | $777K | |
| Information technologyLn 14 | $180K | $142K | $38K | |
| OccupancyLn 16 | $1.8M | $1.7M | $95K | |
| TravelLn 17 | $15K | $353 | $15K | |
| Conferences, conventions and meetingsLn 19 | $22K | $11K | $10K | |
| InterestLn 20 | $841K | $818K | $24K | |
| Payments to affiliatesLn 21 | $594K | $578K | $16K | |
| Depreciation, depletion and amortizationLn 22 | $825K | $740K | $86K | |
| InsuranceLn 23 | $198K | $164K | $34K | |
| Other expenses (24a–d)Ln 24 | $1.2M | $1.2M | ||
| Total functional expensesLn 25 | $46.9M | $44.7M | $2.3M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $56.3M | $53.5M | $2.7M | $28.1M | 990 PDF |
| FY2023 Viewing | $47.5M | $46.9M | $544K | $25.4M | 990 PDF |
| FY2022 | $42.1M | $41.4M | $708K | $24.9M | 990 PDF |
| FY2021 | $37.5M | $38.8M | −$1.3M | $24.2M | 990 PDF |
| FY2020 | $36.7M | $37.2M | −$448K | $25.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $47,487,590 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $47,487,590 across 11 lines filed
Part IX · Statement of functional expenses $46,943,982 across 20 lines filed
Part X · Balance sheet $46,195,217 assets, 20 lines filed
Part XI · Reconciliation of net assets $25,433,595 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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