Form 990 for tax year 2024
Filed by E WARREN DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $657,879
- Total expenses
- $2,130,295
- Contributions and grants received
- $639,459
- Grants paid
- $0
- Program service revenue
- $8,905
- Investment income
- $9,515
- Other revenue
- $0
- Total assets, end of year
- $1,145,056
- Total liabilities, end of year
- $684,004
- Net assets or fund balances, end of year
- $461,052
- Program services expenses (Part IX)
- $1,932,286
- Management and general expenses
- $121,779
- Fundraising expenses
- $76,230
- Program service expenses (Part III)
- $1,932,286
Program services were 90.7% 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.
-
1f · All other contributions, gifts and grants
$639,459
-
2a · Program service revenue: PROGRAM REVENUE
total $8,905 · related or exempt $8,905
-
3 · Investment income
total $9,515 · excluded $9,515
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $108,608 · program services $43,443 · management and general $38,013 · fundraising $27,152
-
7 · Other salaries and wages
total $179,572 · program services $120,820 · management and general $28,268 · fundraising $30,484
-
9 · Other employee benefits
total $48,577 · program services $27,689 · management and general $11,173 · fundraising $9,715
-
10 · Payroll taxes
total $24,221 · program services $13,806 · management and general $5,571 · fundraising $4,844
-
11c · Fees: accounting
total $17,483 · management and general $17,483
-
11e · Fees: professional fundraising services
total $625 · fundraising $625
-
11g · Fees: other
total $16,628 · program services $7,908 · management and general $8,720
-
12 · Advertising and promotion
total $9,481 · program services $9,481
-
13 · Office expenses
total $148,846 · program services $148,144 · management and general $702
-
14 · Information technology
total $16,044 · program services $12,909 · management and general $2,207 · fundraising $928
-
16 · Occupancy
total $12,410 · program services $7,074 · management and general $2,854 · fundraising $2,482
-
17 · Travel
total $4,608 · management and general $4,608
-
23 · Insurance
total $18,703 · program services $18,703
-
24a · Other expenses: BUILDING EXPENSES
total $1,444,719 · program services $1,444,719
-
24b · Other expenses: PROGRAM EXPENSES
total $46,250 · program services $46,250
-
24c · Other expenses: DUES AND FEES
total $21,022 · program services $19,013 · management and general $2,009
-
24d · Other expenses: PROFESSIONAL DEVELOPMENT
total $8,560 · program services $8,560
-
24e · All other expenses
total $3,938 · program services $3,767 · management and general $171
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,689,105 · end of year $366,410
-
3 · Pledges and grants receivable
beginning of year $693,530 · end of year $325,000
-
9 · Prepaid expenses and deferred charges
end of year $27,682
-
10a · Land, buildings and equipment: cost or other basis
$425,964
-
10c · Land, buildings and equipment, net
beginning of year $118,000 · end of year $425,964
-
17 · Accounts payable and accrued expenses
beginning of year $5,465 · end of year $444,182
-
24 · Unsecured notes and loans payable
beginning of year $217,695 · end of year $239,822
-
27 · Net assets without donor restrictions
beginning of year $2,277,475 · end of year $508,411
-
28 · Net assets with donor restrictions
end of year -$47,359
Mission and programs · 2024
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 ENCHANCE THE E.WARREN COMMERCIAL CORRIDOR AND ADJACENT NEIGHBORHOOD.
-
THE ORGANIZATION HOSTED 40 COMMUNITY EVENTS PROVIDING RESOURCES AND SPURRING FOOT TRAFFIC TO LOCAL BUISNESSES TO SPUR ECONOMIC GROWTH ALONG THE EAST WARREN COMMERCIAL CORRIDOR. ADDITIONALLY, THE ORGANIZATION SUPPORTED 83 LOCAL BUSINESSES PROVIDING THEM TECHNICAL ASSISTANCE AND HELPING TO STRENGTHEN OUR COMMERCIAL CORRIDOR, ALL OF WHICH SUPPORTED OUR MISSION TO SUPPORT AND ENHANCE THE E. WARREN COMMERCIAL CORRIDOR THROUGH COLLABORATION, COMMUNITY ENGAGEMENT, AND EQUITABLE DEVELOPMENT.
Expenses $1,932,286 · Revenue $8,905
As filed on the 2024 return.
Listed in Part VII
-
Joseph RashidJOSEPH RASHID
EXECUTIVE DI
- Total calculated
- $132,941
- From this org
- $113,230
- From related orgs
- $0
- Other
- $19,711
- Hours/week
- 40
-
Miah DavisMIAH DAVIS
MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Scott FieldSCOTT FIELD
MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Natalya HendersonNATALYA HENDERSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Jeffrey Lewis IIJEFFREY LEWIS II
MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Garnet Terri JamesGARNET TERRI JAMES
MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Meaghan McLaughlinMEAGHAN MCLAUGHLIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
Sean RiddellSEAN RIDDELL
MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Marcia SpiveyMARCIA SPIVEY
BOARD PRESID
- Total calculated
- $0
- Hours/week
- 1.5
-
Katrina Turnbow-MarionKATRINA TURNBOW-MARION
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
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
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202533219349320148
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