EAST BALTIMORE DEVELOPMENT FOUNDATION INC

EIN: 263871581 501(c)(3) Community Improvement

BALTIMORE, MD

Total Revenue
$972,552
Total Expenses
$214,134
Total Assets
$1,656,044
Net Assets
$1,459,286
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MD
Principal Officer
CHERYL WASHINGTON
Phone
4102340660
Tax Period
2024-07-01 to 2025-06-30

EAST BALTIMORE DEVELOPMENT FOUNDATION INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $973K in total revenue in fiscal year 2024. The organization ran a surplus of $758K, a strong 78% operating margin.

Mission

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 SUCCESFULLY 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,099
Investment Income $935,453
Other Revenue $0
TOTAL REVENUE $972,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $214,134
TOTAL EXPENSES $214,134

Year-over-Year Comparison

2024 2023 Change
Revenue $972,552 N/A N/A
Expenses $214,134 $56,560 +2.8%
Net Income $758,418 $-56,560 -14.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$275,643
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL WASHINGTON PRESIDENT AN 1.00
Officer
$0 $24,899 $275,643
JOHNNY COLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JACK DAY BOARD MEMBER 1.00
Director
$0 $0 $0
ANTONIO GLOVER BOARD MEMBER 1.00
Director
$0 $0 $0
CORY MCCRAY TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT STOKES BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA TILDON BOARD MEMBER 1.00
Director
$0 $0 $0
CARON WATKINS SECRETARY 1.00
Officer Director
$0 $0 $0
CALVIN YOUNG CHAIRMAN 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $972,552 $214,134 $1,656,044 $758,418
2024 No data $56,560 $1,435,169 No data
2023 $2,389 $80,109 $2,056,721 $-77,720
2022 $10,115 $80,575 $2,131,082 $-70,460
2021 $12,388 $89,832 $2,664,377 $-77,444
2020 $11,219,945 $55,254,940 $4,877,493 $-44,034,995
2019 $1,700,923 $125,610 $49,076,494 $1,575,313
2018 $1,213,229 $169,407 $48,888,188 $1,043,822
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