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Nonprofiteer
← EAST TO WEST DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by EAST TO WEST DEVELOPMENT CORPORATION.

Totals

Total revenue
$92,564
Total expenses
$123,374
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$429,730
Investment income
$0
Other revenue
-$337,166
Total assets, end of year
$31,620
Total liabilities, end of year
$262,237
Net assets or fund balances, end of year
-$230,617
Program services expenses (Part IX)
$123,374
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$123,374

Program services were 100.0% 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.

  • 2a · Program service revenue: Affordable Housing

    total $347,343 · related or exempt $347,343

  • 2b · Program service revenue: Consulting Service

    total $82,387 · related or exempt $82,387

  • 8c · Net income from fundraising events

    total $0

  • 10b · Cost of goods sold

    $337,166

  • 10c · Net income from sales of inventory

    total -$337,166 · related or exempt -$337,166

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $63,672 · program services $63,672

  • 11b · Fees: legal

    total $12,164 · program services $12,164

  • 13 · Office expenses

    total $3,243 · program services $3,243

  • 17 · Travel

    total $3,303 · program services $3,303

  • 23 · Insurance

    total $4,730 · program services $4,730

  • 24a · Other expenses: Licenses & Permits

    total $19,302 · program services $19,302

  • 24b · Other expenses: Financing Fees

    total $9,686 · program services $9,686

  • 24c · Other expenses: Appraisal Fees

    total $950 · program services $950

  • 24d · Other expenses: Interest Expense

    total $2,695 · program services $2,695

  • 24e · All other expenses

    total $3,629 · program services $3,629

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,223 · end of year $31,620

  • 4 · Accounts receivable

    beginning of year $17,857

  • 25 · Other liabilities

    end of year $262,237

  • 31 · Retained earnings, endowment or other funds

    beginning of year $57,080 · end of year -$230,617

Mission and programs · 2024

Mission

As a not-for-profit corporation, ETWDC seeks to develop affordable housing units for both homeownership and rental. ETWDC will partner with local governments, faith-based organizations, banks, and other entities to secure land, funding, and other resources to advance its mission.

  • Consulting services related to affordable housing

    Expenses $80,259 · Revenue $82,387

  • Construction and sale of affordable housing

    Expenses $43,115 · Revenue $10,178

As filed on the 2024 return.

Listed in Part VII

  • Daniel Rosemond

    CEO

    Total calculated
    $63,672
    From this org
    $63,672
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Jose Cintron

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Carl Garaffo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Laurin Yoder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Danny Santivasci

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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.

Grants on this return

No itemized grants to organizations on this return.

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.

  • OMC II LLC

    Construction of affordable housing · FL · income -$32,938

    Directly controlled by EAST TO WEST DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2025
IRS schema version
2024v5.1
Source object
202521339349302832

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