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Nonprofiteer
← E WARREN DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by E WARREN DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,464,600
Total expenses
$640,615
Contributions and grants received
$2,448,122
Grants paid
$0
Program service revenue
$16,478
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,500,635
Total liabilities, end of year
$223,160
Net assets or fund balances, end of year
$2,277,475
Program services expenses (Part IX)
$426,647
Management and general expenses
$158,482
Fundraising expenses
$55,486
Program service expenses (Part III)
$426,647

Program services were 66.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $2,448,122

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Community programs, including market

    total $16,478 · related or exempt $16,478 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $244,794 · program services $142,032 · management and general $47,276 · fundraising $55,486

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $40,667 · program services $0 · management and general $40,667 · fundraising $0

  • 10 · Payroll taxes

    total $21,698 · program services $0 · management and general $21,698 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $31,170 · program services $0 · management and general $31,170 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $49,741 · program services $42,741 · management and general $7,000 · fundraising $0

  • 12 · Advertising and promotion

    total $6,907 · program services $6,907 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $39,277 · program services $36,145 · management and general $3,132 · fundraising $0

  • 14 · Information technology

    total $7,036 · program services $7,036 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $11,036 · program services $11,036 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $10,142 · program services $7,537 · management and general $2,605 · fundraising $0

  • 20 · Interest

    total $389 · program services $0 · management and general $389 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $4,545 · program services $0 · management and general $4,545 · fundraising $0

  • 24a · Other expenses: Construction expenses

    total $161,781 · program services $161,781 · management and general $0 · fundraising $0

  • 24b · Other expenses: Program equipment & durable materials

    total $11,432 · program services $11,432 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $436,530 · end of year $1,689,105

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $693,530

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $118,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $118,000 · end of year $118,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,133 · end of year $5,465

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $222,707 · end of year $217,695

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $453,690 · end of year $2,277,475

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO SUPPORT AND ENHANCE THE E. WARREN COMMERCIAL CORRIDOR AND ADJACENT NEIGHBORHOOD THROUGH COLLABORATION, COMMUNITY ENGAGEMENT AND EQUITABLE DEVELOPMENT.

Activities or mission (Part I)

TO SUPPORT AND ENHANCE THE E. WARREN COMMERCIAL CORRIDOR AND ADJACENT NEIGHBORHOOD.

  • THE ORGANIZATION HOSTED 26 COMMUNITY EVENTS PROVIDING RESOURCES AND SPURRING FOOT TRAFFIC TO LOCAL BUSINESSES TO SPUR ECONOMIC GROWTH ALONG THE EAST WARREN COMMERCIAL CORRIDOR. ADDITIONALLY, THE ORGANIZATION SUPPORTED 63 LOCAL BUSINESSES PROVIDING THEM TECHNICAL ASSISTANCE AND HELPING TO STRENGTHEN OUR COMMERCIAL CORRIDOR. ALL OF WHICH SUPPORT OUR MISSION TO SUPPORT AND ENHANCE THE E. WARREN COMMERCIAL CORRIDOR THROUGH COLLABORATION, COMMUNITY ENGAGEMENT AND EQUITABLE DEVELOPMENT.

    Expenses $426,647 · Revenue $16,478

As filed on the 2023 return.

Listed in Part VII

  • Joseph Rashid

    Executive Director

    Total calculated
    $114,782
    From this org
    $114,782
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sean Riddell

    Member

    Total calculated
    $0
    Hours/week
    2

  • Scott Field

    Member

    Total calculated
    $0
    Hours/week
    2

  • Isaac Hunter Jr

    Member

    Total calculated
    $0
    Hours/week
    2

  • Candice Meeks

    Member

    Total calculated
    $0
    Hours/week
    2

  • Marcia Spivey

    Board President

    Total calculated
    $0
    Hours/week
    2

  • Dr Alaina Jackson

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Miah Davis

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Larissa Richardson

    Secretary

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 November 2024
IRS schema version
2023v5.0
Source object
202443259349300839

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