EMERALD DEVELOPMENT & ECONOMIC NETWORK (EIN 341667990) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

ELAINE GIMMEL

Phone

2169619690

Tax Period

2023-01-01 to 2023-12-31

EMERALD DEVELOPMENT & ECONOMIC NETWORK, founded in 1990, is a mid-sized nonprofit in the Housing & Shelter sector that reported $47.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

EDEN'S MISSION IS TO PROVIDE HOUSING SOLUTIONS TO PEOPLE FACING THE CHALLENGES OF HOUSING INSECURITIES AND HOMELESSNESS. TO THIS END, EDEN'S VISION IS TO BE A LEADER IN EFFORTS TO END HOMELESSNESS BY:- DEVELOPING, OPERATING, AND ADMINISTERING SAFE, DECENT, AFFORDABLE HOUSING WHICH WILL ENABLE THE COMMUNITIES' MOST VULNERABLE INDIVIDUALS AND FAMILIES TO LIVE WITH HOPE AND DIGNITY- DEVELOPING AND MAINTAINING COLLABORATIVE PARTNERSHIPS THAT FOSTER AND INCREASE RESOURCES TO CREATE INITIATIVES AND STRATEGIES IN SUPPORT OF THE MISSION- DEVELOPING A CULTURE WHICH ATTRACTS AND RETAINS HIGHLY QUALIFIED AND COMMITTED STAFF

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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 (2023)

Revenue Breakdown

Contributions & Grants $40,129,878

Program Service Revenue $6,471,896

Investment Income $35,206

Other Revenue $850,610

TOTAL REVENUE $47,487,590

Expense Breakdown

Grants Paid $31,274,929

Salaries & Benefits $8,726,585

Fundraising Expenses $0

Program Expenses $44,664,902

Other Expenses $6,942,468

TOTAL EXPENSES $46,943,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,487,590	$42,110,677	+0.1%
Expenses	$46,943,982	$41,402,567	+0.1%
Net Income	$543,608	$708,110	-0.2%

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

249

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

$671,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MARK TICHAR	PRESIDENT	2.00	Officer Director	$0	$0	$0
JONATHAN PETRUS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BETH ADAMS	TREASURER	2.00	Officer Director	$0	$0	$0
DOUGLAS SHELBY	SECRETARY THRU FEB 2023	2.00	Officer Director	$0	$0	$0
ANDRE CAMPBELL	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREENA JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER MERTES	BOARD MEMBER	2.00	Director	$0	$0	$0
DAWN ELLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA STONER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSHUA E LEVIN	BOARD MEMBER THRU FEB 2023	2.00	Director	$0	$0	$0
KANIKA WILLAIMS	BOARD MEMBER THRU APRIL 2023	2.00	Director	$0	$0	$0
KENNETH G SILLIMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW KING	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW LARGE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELE SOMMERFELT	BOARD MEMBER	2.00	Director	$0	$0	$0
NICHOLAS MCCAUSLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILLIP STUDMIRE	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN LICCIARDI	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON PARKS	CHIEF FINANCIAL OFFICER	40.00	Officer	$146,864	$16,776	$163,640
EMMA PETRIE BARCELONA	CHIEF OPERATING OFFICER	40.00	Officer	$144,002	$7,334	$151,336
ELAINE GIMMEL	EXECUTIVE DIRECTOR	40.00	Officer	$192,626	$19,200	$211,826
GERRI KORNBLUT	GENERAL COUNSEL	40.00	Officer	$128,791	$15,904	$144,695
RICHARD CARR	DIRECTOR OF REAL ESTATE DEVELOPMENT	40.00	Highest	$108,557	$27,662	$136,219
JUDITH ENGEL	DIRECTOR OF FUND DEV. & COM.	40.00	Highest	$100,780	$5,491	$106,271
RACHELLA TILLMAN	DIRECTOR OF PROPERTY MANAGEMENT	40.00	Highest	$102,955	$10,522	$113,477

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
2024	No data	No data	No data	No data
2023	$47,487,590	$46,943,982	$46,195,217	$543,608
2022	$42,110,677	$41,402,567	$39,028,910	$708,110
2021	$37,548,229	$38,829,980	$37,695,936	$-1,281,751
2020	$36,749,538	$37,197,994	$37,060,411	$-448,456
2019	$34,227,471	$32,735,459	$33,569,419	$1,492,012
2018	$35,905,082	$31,839,470	$32,415,002	$4,065,612

EMERALD DEVELOPMENT & ECONOMIC NETWORK