EAST BALTIMORE DEVELOPMENT INC

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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

2002

Legal Domicile

Principal Officer

CHERYL WASHINGTON

Phone

4102340660

Tax Period

2024-07-01 to 2025-06-30

EAST BALTIMORE DEVELOPMENT INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1

Expenses: $2,478,305

EBDI WORKED WITH DEVELOPERS, THE CITY OF BALTIMORE, AND THE STATE OF MARYLAND TO COMPLETE PRE-DEVELOPMENT ACTIVITIES NECESSARY TO MAKE WAY FOR FOUR NEW RESIDENTIAL DEVELOPMENT PROJECTS THAT WILL...

EBDI WORKED WITH DEVELOPERS, THE CITY OF BALTIMORE, AND THE STATE OF MARYLAND TO COMPLETE PRE-DEVELOPMENT ACTIVITIES NECESSARY TO MAKE WAY FOR FOUR NEW RESIDENTIAL DEVELOPMENT PROJECTS THAT WILL YIELD OVER 500 UNITS OF MARKET-RATE AND AFFORDABLE RENTAL AND FOR-SALE HOMES. IN ADDITION, THE DEVELOPMENT OF THE NEXT COMMERCIAL/LAB BUILDING IS UNDERWAY AND THE SITE FOR A FUTURE GROCERY STORE/MIXED USE DEVELOPMENT HAS BEEN IDENTIFIED. EBDI ULTIMATELY PLANS TO BUILD AN ADDITIONAL 500 UNITS OF MIXED-INCOME HOUSING ALONG WITH TWO TO THREE ADDITIONAL COMMERCIAL BUILDINGS AND A PARKING GARAGE OVER THE NEXT 10 YEARS. EBDI CONSIDERS ITS APPROACH TO BE "RESPONSIBLE REDEVELOPMENT" WITH A FOCUS ON ECONOMIC AND COMMUNITY DEVELOPMENT EFFORTS THAT ARE INCLUSIVE AND MITIGATE THE EFFECTS OF GENTRIFICATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,409,921

Program Service Revenue $116,034

Investment Income $42,764

Other Revenue $70,000

TOTAL REVENUE $2,638,719

Expense Breakdown

Grants Paid $1,606,780

Salaries & Benefits $824,735

Fundraising Expenses $0

Program Expenses $2,478,305

Other Expenses $841,678

TOTAL EXPENSES $3,273,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,638,719	$3,178,693	-0.2%
Expenses	$3,273,193	$3,430,531	0.0%
Net Income	$-634,474	$-251,838	+1.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$275,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN JOHNSON	CHF REAL EST	40.00	Highest	$274,742	$15,389	$290,131
CHERYL WASHINGTON	PRESIDENT AN	40.00	Officer	$250,744	$24,899	$275,643
LISE SANDERS	VP FINANCE &	40.00	Highest	$175,289	$46,573	$221,862
ANDREW FREEMAN	SEN DIR REAL	40.00	Highest	$115,448	$23,681	$139,129
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	$2,638,719	$3,273,193	$18,840,694	$-634,474
2024	$3,178,693	$3,430,531	$18,476,911	$-251,838
2023	$8,589,679	$3,511,989	$18,690,336	$5,077,690
2022	$30,262,944	$9,632,928	$12,751,192	$20,630,016
2021	$10,580,571	$12,952,744	$59,534,248	$-2,372,173
2020	$8,629,342	$10,637,769	$60,346,855	$-2,008,427
2019	$9,344,516	$12,175,240	$65,242,853	$-2,830,724
2018	$13,397,624	$13,210,747	$65,304,759	$186,877