Nonprofit · EIN 27-0037508
EAST BALTIMORE DEVELOPMENT INC
Also known as EBDI
Tax-exempt · BALTIMORE, MD 21205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,638,719 | $3,273,193 | -$634,474 | $18,840,694 | $1,401,928 | $17,438,766 |
| June 30, 2024 | 990 | $3,178,693 | $3,430,531 | -$251,838 | $18,476,911 | $403,671 | $18,073,240 |
| June 30, 2023 | 990 | $8,589,679 | $3,511,989 | $5,077,690 | $18,690,336 | $961,463 | $17,728,873 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,409,921
- of which government grants
- $1,251,836
- Program service revenue
- $116,034
- Investment income
- $42,764
- Net rental income
- $70,000
- Other revenue
- $70,000
Expenses
- Grants and similar amounts paid
- $1,606,780
- Other salaries and wages
- $693,452
- Salaries, compensation and benefits (total)
- $824,735
- Professional fundraising fees
- $0
- Legal fees
- $118,609
- Accounting fees
- $151,540
- Occupancy
- $113,473
- Travel
- $2,896
- Depreciation
- $233,520
- Program services (functional)
- $2,478,305
- Management and general (functional)
- $794,888
Balance sheet and other
- Total assets, start of year
- $18,476,911
- Total assets, end of year
- $18,840,694
- Total liabilities, end of year
- $1,401,928
- Net assets, end of year
- $17,438,766
- Land, buildings and equipment
- $16,766,093
- Net assets without donor restrictions
- $17,230,741
- Net assets with donor restrictions
- $208,025
- Gross receipts
- $2,638,719
- Employees
- 8
- Volunteers
- 11
- Year formed
- 2002
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN JOHNSON | CHF REAL EST Highest-paid employee | 40 | $274,742 | $15,389 |
| CHERYL WASHINGTON | PRESIDENT AN Officer | 40 | $250,744 | $24,899 |
| LISE SANDERS | VP FINANCE & Highest-paid employee | 40 | $175,289 | $46,573 |
| ANDREW FREEMAN | SEN DIR REAL Highest-paid employee | 40 | $115,448 | $23,681 |
| JOHNNY COLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACK DAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTONIO GLOVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORY MCCRAY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT STOKES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARIA TILDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARON WATKINS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CALVIN YOUNG | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL WASHINGTON | PRESIDENT AN Officer | 40 | $260,318 | $25,678 |
| KAREN JOHNSON | CHF REAL EST Highest-paid employee | 40 | $240,271 | $28,609 |
| ANDREW FREEMAN | SEN VP REAL Highest-paid employee | 40 | $175,042 | $23,849 |
| LISE SANDERS | CFO Highest-paid employee | 40 | $130,786 | $27,550 |
| JOHNNY COLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACK DAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTONIO GLOVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORY MCCRAY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT STOKES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARIA TILDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARON WATKINS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CALVIN YOUNG | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL WASHINGTON | PRESIDENT AN Officer | 40 | $257,646 | $24,515 |
| KAREN JOHNSON | CHF REAL EST Highest-paid employee | 40 | $249,923 | $30,891 |
| JOHNNY COLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RONALD DANIELS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTONIO GLOVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMASINA HIERS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JEANNE HITCHCOCK | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| GAVIN JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VENROY JULY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TRACY KARTYE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTHONY KING | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CORY MCCRAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ABRAHAM ROSENTHAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TODD SCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TABER SMALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT STOKES SR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COLIN TARBERT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARON WATKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUSTIN WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1812 ASHLAND AVE STE 100L, BALTIMORE, MD 21205-1546
- Principal officer (990 for 2024)
- CHERYL WASHINGTON, 1812 ASHLAND AVENUE SUITE 100 L, BALTIMORE, MD 21205
- Signed the 990
- CHERYL WASHINGTON, PRESIDENT AND CEO
- Phone
- (410) 234-0660
- Website
- WWW.EBDI.ORG
- Return prepared by
- BERT SMITH & CO
Mission
EBDI'S MISSION IS TO SUCCESSFULLY ATTRACT MARKET-ORIENTED INVESTMENT, DEVELOPMENT, POPULATION AND ENTERPRISE TO THE EAST BALTIMORE COMMUNITY WHILE EQUIPPING COMMUNITY RESIDENTS WITH THE SKILLS, INFORMATION, AND RESOURCES THEY NEED TO BENEFIT FROM NEW HOUSING, EMPLOYMENT, BUSINESS, AND AND EDUCATIONAL OPPORTUNITIES.
Program accomplishments
- EBDI WORKED WITH DEVELOPERS, THE CITY OF BALTIMORE, AND THE STATE OF MARYLAND TO COMPLETE PRE-DEVELOPMENT ACTIVITIES NECESSARY TO MAKE WAY FOR FOUR NEW RESIDENTIAL DEVELOPMENT PROJECTS THAT WILL YIELD OVER 500 UNITS OF MARKET-RATE AND AFFORDABLE RENTAL AND FOR-SALE HOMES. IN ADDITION, THE DEVELOPMENT OF THE NEXT COMMERCIAL/LAB BUILDING IS UNDERWAY AND THE SITE FOR A FUTURE GROCERY STORE/MIXED USE DEVELOPMENT HAS BEEN IDENTIFIED. EBDI ULTIMATELY PLANS TO BUILD AN ADDITIONAL 500 UNITS OF MIXED-INCOME HOUSING ALONG WITH TWO TO THREE ADDITIONAL COMMERCIAL BUILDINGS AND A PARKING GARAGE OVER THE NEXT 10 YEARS. EBDI CONSIDERS ITS APPROACH TO BE "RESPONSIBLE REDEVELOPMENT" WITH A FOCUS ON ECONOMIC AND COMMUNITY DEVELOPMENT EFFORTS THAT ARE INCLUSIVE AND MITIGATE THE EFFECTS OF GENTRIFICATION.Expenses $2,478,305 · grants $1,606,780
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0037508
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $18,840,694
- Income (IRS master file)
- $2,638,719
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,638,719 | $3,273,193 | $18,840,694 | IRS |
| 990 | June 2024 | $3,178,693 | $3,430,531 | $18,476,911 | IRS |
| 990 | June 2023 | $8,589,679 | $3,511,989 | $18,690,336 | XML |
| 990 | June 2022 | $30,262,944 | $9,632,928 | $12,751,192 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0037508).
Questions about EAST BALTIMORE DEVELOPMENT INC
- What is the EIN of EAST BALTIMORE DEVELOPMENT INC?
- The employer identification number (EIN) of EAST BALTIMORE DEVELOPMENT INC is 27-0037508.
- Is EAST BALTIMORE DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to EAST BALTIMORE DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EAST BALTIMORE DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EAST BALTIMORE DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EAST BALTIMORE DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EAST BALTIMORE DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names CHERYL WASHINGTON.
- Who are the officers and directors of EAST BALTIMORE DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 4 received compensation from the organization, the highest $274,742 (KAREN JOHNSON, CHF REAL EST).
- How much revenue does EAST BALTIMORE DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,638,719, expenses of $3,273,193 and total assets of $18,840,694 at year end.
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All nonprofits in BALTIMORE · Maryland · Community improvement and capacity building