Form 990 for tax year 2023
Filed by ANACOSTIA ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,363,419
- Total expenses
- $796,818
- Contributions and grants received
- $465,244
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $898,175
- Total assets, end of year
- $22,598,522
- Total liabilities, end of year
- $1,747,754
- Net assets or fund balances, end of year
- $20,850,768
- Program services expenses (Part IX)
- $645,461
- Management and general expenses
- $151,357
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $645,461
Program services were 81.0% 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.
-
1e · Government grants (contributions)
$425,244
-
1f · All other contributions, gifts and grants
$40,000
-
11a · Other revenue: DEVELOPER AND MANAGEMENT FEES
total $122,545 · related or exempt $122,545 · unrelated business $0 · excluded $0
-
11b · Other revenue: OTHER REVENUES
total $156,258 · related or exempt $156,258 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $619,372 · related or exempt $619,372 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$898,175
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $26,804 · program services $20,402 · management and general $6,402 · fundraising $0
-
7 · Other salaries and wages
total $354,546 · program services $329,014 · management and general $25,532 · fundraising $0
-
9 · Other employee benefits
total $90,143 · program services $58,480 · management and general $31,663 · fundraising $0
-
11a · Fees: management
total $80,965 · program services $56,846 · management and general $24,119 · fundraising $0
-
11b · Fees: legal
total $40,995 · program services $40,495 · management and general $500 · fundraising $0
-
16 · Occupancy
total $75,809 · program services $56,877 · management and general $18,932 · fundraising $0
-
17 · Travel
total $340 · program services $275 · management and general $65 · fundraising $0
-
23 · Insurance
total $12,968 · program services $1,654 · management and general $11,314 · fundraising $0
-
24a · Other expenses: MAINTENANCE & REPAIRS
total $1,177 · program services $0 · management and general $1,177 · fundraising $0
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $4,802 · program services $0 · management and general $4,802 · fundraising $0
-
24e · All other expenses
total $108,269 · program services $81,418 · management and general $26,851 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,899,569 · end of year $1,936,840
-
2 · Savings and temporary cash investments
beginning of year $94,404 · end of year $54,547
-
3 · Pledges and grants receivable
beginning of year $100,425 · end of year $70,502
-
7 · Other notes and loans receivable
beginning of year $13,162,500 · end of year $13,794,300
-
9 · Prepaid expenses and deferred charges
beginning of year $7,742 · end of year $5,556
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $1,177 · end of year $0
-
15 · Other assets
beginning of year $6,881,916 · end of year $6,736,777
-
17 · Accounts payable and accrued expenses
beginning of year $42,010 · end of year $7,443
-
19 · Deferred revenue
beginning of year $39,898
-
25 · Other liabilities
beginning of year $1,781,659 · end of year $1,740,311
-
27 · Net assets without donor restrictions
beginning of year $20,284,166 · end of year $20,850,768
Mission and programs · 2023
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.
-
Small Business provides technical support to small businesses in Ward 7 and 8.
Expenses $257,232 · Grants $257,232
-
FACADE IMPROVEMENTS - HISTORICAL FACADES
Expenses $47,755 · Revenue $48,000
-
HOWARD - PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESS AS DEFINE BY SMALL BUSINESS ADMINISTRATION STARTING AND CONTINUOUS BUSINESSES WHICH IS LOCATED IN THE ANACOSTIA SOUTHEAST CORRIDOR.
Expenses $260,072 · Grants $122,000
-
DEVELOPE,PROMOTE AND PARTICIPATE IN THE REVITALIZATION OF COMMERCIAL NEIGHBORHOODS AND FACILITIES BY RETAIL JOBS AND BRINGING QUALITY RETAIL SERVICE TO THE AREA.
Expenses $80,402 · Revenue $218,471
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stephanie HowradSTEPHANIE HOWRAD
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Graylin PresburyGRAYLIN PRESBURY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cindy AtheyCINDY ATHEY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stan VoudrieSTAN VOUDRIE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pamela B StuartPAMELA B STUART
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
T'Chaka SappT'CHAKA SAPP
VICE CHAIR.
- Total calculated
- $0
- Hours/week
- 1
-
Adriane LowrieADRIANE LOWRIE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Donna V MorrowDONNA V MORROW
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stanley JacksonSTANLEY JACKSON
PRESIDENT/CEO
- Total calculated
- $26,804
- From this org
- $26,804
- From related orgs
- $0
- Other
- $0
- Hours/week
- 11
Schedule J breakdown matched by us
- Base
- $26,804
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $26,804
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
- 2 · Substantiation required before reimbursing expenses
Answered no
- 1b · Written policy on the line-1a expenses
- 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
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ANACOSTIA HOLDING CORPORATION
C · REAL ESTATE INVESTMENT · DC · 100% owned
-
AEDC LLC
C · REAL ESTATE INVESTMENT · DC · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402899349301235
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