E Warren Development Corporation

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To support and enchance the E.Warren commercial corridor and adjacent neighborhood.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-3003783) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 6 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $245K a year · 20% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
2.1 mo
of spending, in cash
2.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $230K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$684K
60% of total assets
Liabilities are 60% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$658K
-73% vs prior year
Spent
$2.1M
To programs
91%
Net assets
$461K
By yearFY2022–FY2024
Revenue
$658K
FY2024▼ -73%
Tap a bar for its year
Revenue by fiscal year
FY2022$472K
FY2023$2.5M
FY2024$658K
Expenses
$2.1M
FY2024▲ +233%
Tap a bar for its year
Expenses by fiscal year
FY2022$88K
FY2023$641K
FY2024$2.1M
Net assets
$461K
FY2024▼ -80%
Tap a bar for its year
Net assets by fiscal year
FY2022$496K
FY2023$2.3M
FY2024$461K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.9M Management & general 6% · $122K Fundraising 4% · $76K

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

10 people listed on the 990; $113K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$113,230Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph Rashid’s $113K as Executive Di is at the 79th percentile of top reported officer pay among 1709 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Joseph Rashid$113,230$114,782$86,116

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.

See E Warren Development Corporation executive salaries →

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

Improves and supports the E. Warren commercial area and nearby neighborhoods.

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1 program · $1.9M · in their own filed words · FY2024
01

The organization hosted 40 community events providing resources and spurring foot traffic to local buisnesses to spur economic growth along the east warren commercial corridor. Additionally, the organization supported 83 local businesses providing them technical assistance and helping to strengthen our commercial corridor, all of which…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-3003783) · Dispute this line
$1.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$230K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$658K
Ln 12
Gifts and grantsLn 1h$639K
Investment incomeLn 3$10K
Fees for servicesLn 2g$9K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.9M
Managementcol C$122K
Fundraisingcol D$76K
Owns and owesPt X
$461K
net assets · Ln 32
Cash and savingsLn 1–2$366K
Total assetsLn 16$1.1M
LiabilitiesLn 26$684K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$639K
Fees for servicesLn 2g$9K
Investment incomeLn 3$10K
Total revenueLn 12$658K
Assets in detailPt X, end of year
CashLn 1$366K
Cash and savings togetherLn 1–2$366K
Pledges and grants receivableLn 3$325K
Prepaid expenses and deferred chargesLn 9$28K
Land, buildings, equipmentLn 10c$426K
Total assetsLn 16$1.1M
LiabilitiesLn 26$684K
Net assetsLn 32$461K
OperationsPt I, VI
EmployeesI 56
VolunteersI 66
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.7M$366K
Land, buildings, equipmentLn 10c$118K$426K
Total assetsLn 16$2.5M$1.1M
LiabilitiesLn 26$223K$684K
Net assetsLn 32$2.3M$461K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$109K$43K$38K$27K
Other salaries and wagesLn 7$180K$121K$28K$30K
Other employee benefitsLn 9$49K$28K$11K$10K
Payroll taxesLn 10$24K$14K$6K$5K
Accounting feesLn 11c$17K$17K
Professional fundraising feesLn 11e$625$625
Other fees for servicesLn 11g$17K$8K$9K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$149K$148K$702
Information technologyLn 14$16K$13K$2K$928
OccupancyLn 16$12K$7K$3K$2K
TravelLn 17$5K$5K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$1.5M$1.5M$2K
All other expensesLn 24e$4K$4K$171
Total functional expensesLn 25$2.1M$1.9M$122K$76K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $658K$2.1M−$1.5M$461K 990 PDF
FY2023Filed with the IRS Nov 20, 2024 $2.5M$641K$1.8M$2.3M 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $472K$88K$384K$496K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $657,879 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,448,122$639,459
I-9 Program service revenuePrior year $16,478$8,905
I-10 Investment income$9,515
I-11 Other revenue$0
I-12 Total revenuePrior year $2,464,600$657,879
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $307,159$360,978
I-16a Professional fundraising fees$625
I-17 Other expensesPrior year $333,456$1,768,692
I-18 Total expensesPrior year $640,615$2,130,295
I-19 Revenue less expensesPrior year $1,823,985−$1,472,416
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $657,879 across 5 lines filed
VIII-1f All other contributions, gifts and grants$639,459
VIII-1h Total contributions, gifts and grants$639,459
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,905$8,905
VIII-3 Investment incomeExcluded from tax $9,515$9,515
VIII-12 Total revenueRelated to mission $8,905 · Excluded from tax $9,515$657,879
Part IX · Statement of functional expenses $2,130,295 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $43,443 · Management $38,013 · Fundraising $27,152$108,608
IX-7 Other salaries and wagesPrograms $120,820 · Management $28,268 · Fundraising $30,484$179,572
IX-9 Other employee benefitsPrograms $27,689 · Management $11,173 · Fundraising $9,715$48,577
IX-10 Payroll taxesPrograms $13,806 · Management $5,571 · Fundraising $4,844$24,221
IX-11c Accounting feesManagement $17,483$17,483
IX-11e Professional fundraising feesFundraising $625$625
IX-11g Other fees for servicesPrograms $7,908 · Management $8,720$16,628
IX-12 Advertising and promotionPrograms $9,481$9,481
IX-13 Office expensesPrograms $148,144 · Management $702$148,846
IX-14 Information technologyPrograms $12,909 · Management $2,207 · Fundraising $928$16,044
IX-16 OccupancyPrograms $7,074 · Management $2,854 · Fundraising $2,482$12,410
IX-17 TravelManagement $4,608$4,608
IX-23 InsurancePrograms $18,703$18,703
IX-24 Other expenses (24a–d)Programs $1,518,542 · Management $2,009$1,520,551
IX-24e All other expensesPrograms $3,767 · Management $171$3,938
IX-25 Total functional expensesPrograms $1,932,286 · Management $121,779 · Fundraising $76,230$2,130,295
Part X · Balance sheet $1,145,056 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,689,105$366,410
X-3 Pledges and grants receivableStart of year $693,530$325,000
X-9 Prepaid expenses and deferred charges$27,682
X-10c Land, buildings and equipment, netStart of year $118,000$425,964
X-16 Total assetsStart of year $2,500,635$1,145,056
X-17 Accounts payable and accrued expensesStart of year $5,465$444,182
X-24 Unsecured notes and loans payableStart of year $217,695$239,822
X-26 Total liabilitiesStart of year $223,160$684,004
X-27 Net assets without donor restrictionsStart of year $2,277,475$508,411
X-28 Net assets with donor restrictions−$47,359
X-32 Total net assets or fund balancesStart of year $2,277,475$461,052
X-33 Total liabilities and net assetsStart of year $2,500,635$1,145,056
Part XI · Reconciliation of net assets $461,052 net assets at year end
XI-1 Total revenue$657,879
XI-2 Total expenses$2,130,295
XI-3 Revenue less expenses−$1,472,416
XI-4 Net assets at start of year$2,277,475
XI-8 Prior period adjustments−$344,007
XI-10 Net assets at end of year$461,052

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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