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← EMERALD DEVELOPMENT AND ECONOMIC

Form 990 for tax year 2022

Filed by EMERALD DEVELOPMENT AND ECONOMIC.

Totals

Total revenue
$42,110,677
Total expenses
$41,402,567
Contributions and grants received
$35,419,642
Grants paid
$28,825,435
Program service revenue
$6,474,568
Investment income
-$425,556
Other revenue
$642,023
Total assets, end of year
$39,028,910
Total liabilities, end of year
$14,134,222
Net assets or fund balances, end of year
$24,894,688
Program services expenses (Part IX)
$40,886,050
Management and general expenses
$516,517
Fundraising expenses
$0
Program service expenses (Part III)
$40,886,050

Program services were 98.8% 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)

    $34,478,518

  • 1f · All other contributions, gifts and grants

    $941,124

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

    total $5,376,439 · related or exempt $5,376,439

  • 2b · Program service revenue: RENTAL INCOME

    total $909,357 · related or exempt $909,357

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $153,252 · related or exempt $153,252

  • 2d · Program service revenue: MANAGEMENT FEE

    total $35,520 · related or exempt $35,520

  • 3 · Investment income

    total $1,977 · excluded $1,977

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

    other assets $427,533

  • 7c · Gain or loss

    other assets -$427,533

  • 7d · Net gain or loss

    total -$427,533 · excluded -$427,533

  • 8a · Fundraising events: gross income

    $200

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $200 · excluded $200

  • 11a · Other revenue: DEBT & INTEREST FORGIVENESS

    total $612,134 · excluded $612,134

  • 11b · Other revenue: OTHER INCOME

    total $29,689 · excluded $29,689

  • 11e · Other revenue, total

    $641,823

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,249,465 · program services $2,249,465

  • 2 · Grants to domestic individuals

    total $26,575,970 · program services $26,575,970

  • 5 · Compensation of officers, directors and key employees

    total $1,424,588 · program services $1,210,900 · management and general $213,688

  • 7 · Other salaries and wages

    total $3,071,072 · program services $2,672,324 · management and general $398,748

  • 8 · Pension plan contributions

    total $193,007 · program services $185,635 · management and general $7,372

  • 9 · Other employee benefits

    total $811,505 · program services $749,692 · management and general $61,813

  • 10 · Payroll taxes

    total $642,359 · program services $590,368 · management and general $51,991

  • 11b · Fees: legal

    total $15,579 · program services $4,176 · management and general $11,403

  • 11c · Fees: accounting

    total $55,512 · program services $55,512

  • 11g · Fees: other

    total $73,237 · program services $56,150 · management and general $17,087

  • 13 · Office expenses

    total $1,943,052 · program services $1,855,289 · management and general $87,763

  • 14 · Information technology

    total $175,294 · program services $153,555 · management and general $21,739

  • 16 · Occupancy

    total $1,649,251 · program services $1,542,741 · management and general $106,510

  • 17 · Travel

    total $19,528 · program services $380 · management and general $19,148

  • 19 · Conferences, conventions and meetings

    total $55,410 · program services $44,435 · management and general $10,975

  • 20 · Interest

    total $569,673 · program services $557,876 · management and general $11,797

  • 21 · Payments to affiliates

    total -$226,015 · program services $368,746 · management and general -$594,761

  • 22 · Depreciation, depletion and amortization

    total $695,633 · program services $628,739 · management and general $66,894

  • 23 · Insurance

    total $115,403 · program services $91,053 · management and general $24,350

  • 24a · Other expenses: SECURITY

    total $1,255,738 · program services $1,255,738

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $37,306 · program services $37,306

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,315,099 · end of year $3,348,003

  • 2 · Savings and temporary cash investments

    beginning of year $375,414 · end of year $456,916

  • 3 · Pledges and grants receivable

    beginning of year $6,471,343 · end of year $6,565,470

  • 4 · Accounts receivable

    beginning of year $2,529,838 · end of year $4,391,131

  • 8 · Inventories for sale or use

    end of year $12,682

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,322 · end of year $36,591

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

    $30,589,623

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

    $13,369,228

  • 10c · Land, buildings and equipment, net

    beginning of year $15,751,759 · end of year $17,220,395

  • 13 · Investments: program-related

    beginning of year $6,085,989 · end of year $6,086,389

  • 14 · Intangible assets

    beginning of year $6,333 · end of year $6,067

  • 15 · Other assets

    beginning of year $146,839 · end of year $905,266

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,135,099 · end of year $892,814

  • 19 · Deferred revenue

    beginning of year $1,648,197 · end of year $2,159,085

  • 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 $9,181,592 · end of year $10,531,060

  • 24 · Unsecured notes and loans payable

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

  • 25 · Other liabilities

    beginning of year $61,776 · end of year $68,569

  • 27 · Net assets without donor restrictions

    beginning of year $17,456,253 · end of year $19,229,024

  • 28 · Net assets with donor restrictions

    beginning of year $6,730,325 · end of year $5,665,664

Mission and programs · 2022

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

  • THE PROVISION AND MANAGEMENT OF HOUSING UNITS FOR PERSONS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS, WHO HAVE A DISABILITY OR HAVE SPECIAL NEEDS, AND WHO ARE VERY LOW/EXTREMELY LOW INCOME: EDEN SERVED OVER 1200 CONSUMERS DURING THE 2022 FISCAL YEAR. EDEN HAS MAINTAINED 95% RENT COLLECTION AND OCCUPANCY STANDARDS; 80% HAVE LIVED IN OUR HOUSING FOR 2 YEARS OR LONGER, AND 70% HAVE A SOURCE OF INCOME.

    Expenses $11,668,326 · Revenue $6,474,568

  • AS OF THE END OF 2022, THE ORGANIZATION WAS ADMINISTERING RENTAL ASSISTANCE PROGRAMS THAT PROVIDED HOUSING FOR OVER 3,001 HOUSEHOLDS WHO WERE EXTREMELY AND VERY LOW INCOME, WERE HOMELESS OR AT RISK OF HOMELESSNESS, AND WHO HAD A DISABILITY OR WERE SPECIAL NEEDS. SERVED 796 HOUSEHOLDS WITH RAPID RE-HOUSING OR R TEMPORARY ASSISTANCE THROUGHOUT THE YEAR. THROUGH OUR PROGRAMS, 90% OF PARTICIPANTS WERE HOUSED 1 YEAR OR LONGER AND 35% WERE HOUSED 5 YEARS OR LONGER. ONLY 3% 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 $28,825,435 · Grants $28,825,435

  • THE DEVELOPMENT OF HOUSING FOR PERSONS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS, AND WHO HAVE A DISABILITY OR ARE SPECIAL NEEDS. 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 $392,289

As filed on the 2022 return.

Listed in Part VII

  • Dennis Morton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Douglas Shelby

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Michele Sommerfelt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Dodds

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Mark Tichar

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Joshua E Levin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susan Licciardi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Large

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kenneth G Silliman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amanda J Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Timothy Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Hal C Gunder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Petrus

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Beth Adams

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kanika Willaims

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joni Todd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maurice Agee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dawn Ellis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Elaine Gimmel

    EXECUTIVE DIRECTOR

    Total calculated
    $199,847
    From this org
    $181,907
    From related orgs
    $0
    Other
    $17,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,907
    Bonus
    $0
    Other
    $0
    Deferred
    $9,146
    Nontaxable benefits
    $8,794
    Filer's total
    $199,847

  • Sharon Parks

    CHIEF FINANCIAL OFFICER

    Total calculated
    $146,707
    From this org
    $131,615
    From related orgs
    $0
    Other
    $15,092
    Hours/week
    40

  • Emma Petrie Barcelona

    CHIEF OPERATING OFFICER

    Total calculated
    $135,018
    From this org
    $128,294
    From related orgs
    $0
    Other
    $6,724
    Hours/week
    40

  • Gerri Kornblut

    GENERAL COUNSEL

    Total calculated
    $127,832
    From this org
    $113,575
    From related orgs
    $0
    Other
    $14,257
    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 $122,196 · assets $309,393

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

  • 1970 WEST 77TH STREET LLC

    PARKING · OH

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

  • 2219-27 PAYNE AVENUE LLC

    RENTAL · OH · income $501,006 · assets $2,116,615

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

  • NORTHRIDGE COMMONS LLC

    RENTAL · OH · income $450,841 · assets $1,425,354

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

  • EMERALD PROPERTY MANAGEMENT NETWORK LLC

    RENTAL · OH

    Directly controlled by EMERALD DEVELOPMENT AND ECONOMIC NETWORK

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303199349304115

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