ANACOSTIA ECONOMIC DEVELOPMENT CORPORATION

EIN: 520897780 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$3,357,137
Total Expenses
$1,222,858
Total Assets
$23,807,558
Net Assets
$22,985,047
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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
1969
Legal Domicile
DC
Principal Officer
STANLEY JACKSON
Phone
2028895100
Tax Period
2024-01-01 to 2024-12-31

ANACOSTIA ECONOMIC DEVELOPMENT CORPORATION, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 64% operating margin.

Mission

TO RAISE THE ECONOMIC,WELFARE,EDUCATIONAL AND SOCIAL LEVELS OF RESIDENTS AND THE OVERALL ECONOMIC DEVELOPMENT NEEDS OF THE ANACOSTIA/FAR SOUTHEAST AREAS OF WASHINGTON, D.C.

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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 $365,103
Program Service Revenue $0
Investment Income $0
Other Revenue $2,992,034
TOTAL REVENUE $3,357,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $426,130
Fundraising Expenses $0
Program Expenses $1,155,757
Other Expenses $796,728
TOTAL EXPENSES $1,222,858

Year-over-Year Comparison

2024 2023 Change
Revenue $3,357,137 $1,363,419 +1.5%
Expenses $1,222,858 $796,818 +0.5%
Net Income $2,134,279 $566,601 +2.8%
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
10
Independent Members
10
Employees
5
Volunteers
1

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
3
$27,075
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE HOWRAD CHAIRPERSON 1.00
Officer Director
$0 $0 $0
GRAYLIN PRESBURY MEMBER 1.00
Director
$0 $0 $0
CINDY ATHEY MEMBER 1.00
Director
$0 $0 $0
STAN VOUDRIE MEMBER 1.00
Director
$0 $0 $0
PAMELA B STUART MEMBER 1.00
Director
$0 $0 $0
T'CHAKA SAPP VICE CHAIR. 1.00
Officer Director
$0 $0 $0
ADRIANE LOWRIE MEMBER 1.00
Director
$0 $0 $0
DONNA V MORROW MEMBER 1.00
Director
$0 $0 $0
STANLEY JACKSON PRESIDENT/CEO 11.00
Officer
$27,075 $0 $27,075
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 $3,357,137 $1,222,858 $23,807,558 $2,134,279
2023 $1,363,419 $796,818 $22,598,522 $566,601
2022 $1,326,868 $1,048,534 $22,147,733 $278,334
2021 $3,120,626 $637,277 $22,150,144 $2,483,349
2020 $2,462,197 $1,533,133 $17,852,604 $929,064
2019 $2,644,765 $1,612,849 $17,149,496 $1,031,916
2018 $1,054,363 $1,209,796 $4,920,832 $-155,433
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