EMERALD DEVELOPMENT & ECONOMIC NETWORK

EIN: 341667990 501(c)(3) Housing & Shelter

CLEVELAND, OH

Total Revenue
$47,487,590
Total Expenses
$46,943,982
Total Assets
$46,195,217
Net Assets
$25,433,595
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
OH
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.

Program Service Accomplishments

Program 1
Expenses: $6,351,720 Revenue: $6,471,896

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...

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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 PROVIDED HOUSING FOR APPROXIMATELY 1300 TENANTS DURING THE 2023 FISCAL YEAR. EDEN HAS MAINTAINED 90% RENT COLLECTION AND 90% OCCUPANCY STANDARDS; 70% HAVE LIVED IN OUR HOUSING FOR 2 YEARS OR LONGER, AND 70% HAVE A SOURCE OF INCOME.

Program 2
Expenses: $37,837,243 Revenue: $0

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...

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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 DOMESTIC VIOLENCE &/OR HUMAN TRAFFICKING SERVED 362 HOUSEHOLDS WITH RAPID RE-HOUSING IN 2023. THROUGH OUR PROGRAMS, 90% OF PARTICIPANTS WERE HOUSED 1 YEAR OR LONGER AND 35% WERE HOUSED 5 YEARS OR LONGER. ONLY 5% OF PARTICIPANTS WHOSE ASSISTANCE WAS TERMINATED WERE FOR NEGATIVE REASONS. MOST WENT ON TO OTHER PERMANENT HOUSING OPTIONS OR INCREASED INCOME AND BECAME INELIGIBLE FOR OUR PROGRAMS.

Program 3
Expenses: $475,939 Revenue: $0

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...

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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. THIS ACTIVITY INCLUDES, BUT IS NOT LIMITED TO, COORDINATION WITH OTHER GOVERNMENT OR NONPROFIT ORGANIZATIONS AND THE PROVISION OF FISCAL AND ADMINISTRATIVE SERVICES ON A CONTRACT BASIS TO SUCH ORGANIZATIONS.

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Trantor Score

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

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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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Governance

Voting Members
16
Independent Members
16
Employees
249
Volunteers
60

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
8
$671,497
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
3
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
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