Skip to content
Nonprofiteer
← EMERALD DEVELOPMENT AND ECONOMIC

Form 990 for tax year 2023

Filed by EMERALD DEVELOPMENT AND ECONOMIC.

Totals

Total revenue
$47,487,590
Total expenses
$46,943,982
Contributions and grants received
$40,129,878
Grants paid
$31,274,929
Program service revenue
$6,471,896
Investment income
$35,206
Other revenue
$850,610
Total assets, end of year
$46,195,217
Total liabilities, end of year
$20,761,622
Net assets or fund balances, end of year
$25,433,595
Program services expenses (Part IX)
$44,664,902
Management and general expenses
$2,279,080
Fundraising expenses
$0
Program service expenses (Part III)
$44,664,902

Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $89,609

  • 1e · Government grants (contributions)

    $39,341,191

  • 1f · All other contributions, gifts and grants

    $699,078

  • 1g · Noncash contributions included above

    $25,000

  • 2a · Program service revenue: PROPERTY MANAGEMENT & ADMINISTRAT

    total $5,150,015 · related or exempt $5,150,015

  • 2b · Program service revenue: RENTAL INCOME

    total $1,053,706 · related or exempt $1,053,706

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $253,139 · related or exempt $253,139

  • 2d · Program service revenue: MANAGEMENT FEE

    total $15,036 · related or exempt $15,036

  • 3 · Investment income

    total $3,082 · excluded $3,082

  • 7b · Less cost or other basis and sales expenses

    other assets -$32,124

  • 7c · Gain or loss

    other assets $32,124

  • 7d · Net gain or loss

    total $32,124 · excluded $32,124

  • 8a · Fundraising events: gross income

    $5,500

  • 8a · Fundraising events: contributions included on line 1c

    $89,609

  • 8b · Fundraising events: direct expenses

    $73,946

  • 8c · Net income from fundraising events

    total -$68,446 · excluded -$68,446

  • 11a · Other revenue: DEBT & INTEREST FORGIVENESS

    total $874,899 · excluded $874,899

  • 11b · Other revenue: OTHER INCOME

    total $44,157 · excluded $44,157

  • 11e · Other revenue, total

    $919,056

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,182,867 · program services $2,182,867

  • 2 · Grants to domestic individuals

    total $29,092,062 · program services $29,092,062

  • 5 · Compensation of officers, directors and key employees

    total $671,494 · program services $597,630 · management and general $73,864

  • 7 · Other salaries and wages

    total $6,249,219 · program services $5,561,539 · management and general $687,680

  • 8 · Pension plan contributions

    total $198,070 · program services $190,109 · management and general $7,961

  • 9 · Other employee benefits

    total $883,414 · program services $807,432 · management and general $75,982

  • 10 · Payroll taxes

    total $724,388 · program services $637,199 · management and general $87,189

  • 11b · Fees: legal

    total $12,880 · program services $11,270 · management and general $1,610

  • 11c · Fees: accounting

    total $46,171 · program services $46,171

  • 11g · Fees: other

    total $332,675 · program services $83,349 · management and general $249,326

  • 13 · Office expenses

    total $946,623 · program services $169,206 · management and general $777,417

  • 14 · Information technology

    total $179,607 · program services $141,786 · management and general $37,821

  • 16 · Occupancy

    total $1,776,646 · program services $1,681,256 · management and general $95,390

  • 17 · Travel

    total $15,255 · program services $353 · management and general $14,902

  • 19 · Conferences, conventions and meetings

    total $21,681 · program services $11,339 · management and general $10,342

  • 20 · Interest

    total $841,247 · program services $817,689 · management and general $23,558

  • 21 · Payments to affiliates

    total $594,323 · program services $578,458 · management and general $15,865

  • 22 · Depreciation, depletion and amortization

    total $825,228 · program services $739,537 · management and general $85,691

  • 23 · Insurance

    total $198,306 · program services $163,824 · management and general $34,482

  • 24a · Other expenses: SECURITY

    total $1,129,226 · program services $1,129,226

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $22,600 · program services $22,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,348,003 · end of year $7,637,260

  • 2 · Savings and temporary cash investments

    beginning of year $456,916 · end of year $671,444

  • 3 · Pledges and grants receivable

    beginning of year $6,565,470 · end of year $7,334,389

  • 4 · Accounts receivable

    beginning of year $4,391,131 · end of year $4,621,045

  • 8 · Inventories for sale or use

    beginning of year $12,682 · end of year $9,193

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,591 · end of year $72,203

  • 10a · Land, buildings and equipment: cost or other basis

    $30,846,049

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,087,591

  • 10c · Land, buildings and equipment, net

    beginning of year $17,220,395 · end of year $16,758,458

  • 13 · Investments: program-related

    beginning of year $6,086,389 · end of year $6,086,389

  • 14 · Intangible assets

    beginning of year $6,067 · end of year $5,800

  • 15 · Other assets

    beginning of year $905,266 · end of year $2,999,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $892,814 · end of year $1,695,283

  • 19 · Deferred revenue

    beginning of year $2,159,085 · end of year $7,980,649

  • 21 · Escrow or custodial account liability

    beginning of year $263,961 · end of year $263,961

  • 23 · Secured mortgages and notes payable

    beginning of year $10,531,060 · end of year $10,534,984

  • 24 · Unsecured notes and loans payable

    beginning of year $218,733 · end of year $218,733

  • 25 · Other liabilities

    beginning of year $68,569 · end of year $68,012

  • 27 · Net assets without donor restrictions

    beginning of year $19,229,024 · end of year $19,972,009

  • 28 · Net assets with donor restrictions

    beginning of year $5,665,664 · end of year $5,461,586

Mission and programs · 2023

Mission

EDEN'S MISSION IS TO PROVIDE HOUSING SOLUTIONS TO PEOPLE FACING THE CHALLENGES OF HOUSING INSECURITIES AND HOMELESSNESS.

Activities or mission (Part I)

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

  • 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.

    Expenses $6,351,720 · Revenue $6,471,896

  • 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.

    Expenses $37,837,243 · Grants $31,274,929

  • 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.

    Expenses $475,939

As filed on the 2023 return.

Listed in Part VII

  • John Mark Tichar

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Petrus

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Beth Adams

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Douglas Shelby

    SECRETARY THRU FEB 2023

    Total calculated
    $0
    Hours/week
    2

  • Andre Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andreena Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christopher Mertes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dawn Ellis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jessica Stoner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joshua E Levin

    BOARD MEMBER THRU FEB 2023

    Total calculated
    $0
    Hours/week
    2

  • Kanika Willaims

    BOARD MEMBER THRU APRIL 2023

    Total calculated
    $0
    Hours/week
    2

  • Kenneth G Silliman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Large

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michele Sommerfelt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nicholas McCauslin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Phillip Studmire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susan Licciardi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Timothy Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sharon Parks

    CHIEF FINANCIAL OFFICER

    Total calculated
    $163,640
    From this org
    $146,864
    From related orgs
    $0
    Other
    $16,776
    Hours/week
    40 + 11 related

    Schedule J breakdown matched by us

    Base
    $146,864
    Bonus
    $0
    Other
    $0
    Deferred
    $7,279
    Nontaxable benefits
    $9,497
    Filer's total
    $163,640

  • Emma Petrie Barcelona

    CHIEF OPERATING OFFICER

    Total calculated
    $151,336
    From this org
    $144,002
    From related orgs
    $0
    Other
    $7,334
    Hours/week
    40 + 11 related

    Schedule J breakdown matched by us

    Base
    $144,002
    Bonus
    $0
    Other
    $0
    Deferred
    $7,172
    Nontaxable benefits
    $162
    Filer's total
    $151,336

  • Elaine Gimmel

    EXECUTIVE DIRECTOR

    Total calculated
    $211,826
    From this org
    $192,626
    From related orgs
    $0
    Other
    $19,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,626
    Bonus
    $0
    Other
    $0
    Deferred
    $9,574
    Nontaxable benefits
    $9,626
    Filer's total
    $211,826

  • Gerri Kornblut

    GENERAL COUNSEL

    Total calculated
    $144,695
    From this org
    $128,791
    From related orgs
    $0
    Other
    $15,904
    Hours/week
    40

  • Richard Carr

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $136,219
    From this org
    $108,557
    From related orgs
    $0
    Other
    $27,662
    Hours/week
    40

  • Judith Engel

    DIRECTOR OF FUND DEV. & COM.

    Total calculated
    $106,271
    From this org
    $100,780
    From related orgs
    $0
    Other
    $5,491
    Hours/week
    40

  • Rachella Tillman

    DIRECTOR OF PROPERTY MANAGEMENT

    Total calculated
    $113,477
    From this org
    $102,955
    From related orgs
    $0
    Other
    $10,522
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • 8200-8300 FRANKLIN BLVD

    501(C)(3) · RENTAL · OH · controlled entity

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 9830 DENISON AVENUE LLC

    RENTAL · OH · income $123,777 · assets $312,633

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

  • 1970 WEST 77TH STREET LLC

    PARKING · OH · income $0 · assets $0

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

  • 2219-27 PAYNE AVENUE LLC

    RENTAL · OH · income $496,594 · assets $2,262,903

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

  • NORTHRIDGE COMMONS LLC

    RENTAL · OH · income $503,935 · assets $1,411,604

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

  • EMERALD PROPERTY MANAGEMENT NETWORK LLC

    RENTAL · OH · income $0 · assets $0

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349306075

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.