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Nonprofit · EIN 59-2042422

MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · MIAMI, FL 33127

Financials

$1.9M$939K2022$1.6M$1.8M2023$2.1M$1.5M2024$1.2M$1.6M2025
Revenue Expenses · by fiscal year end
Financials of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2026990$1,189,063$1,641,908-$452,845$1,769,389$112,098$1,657,291
June 30, 2025990$2,095,675$1,457,925$637,750$2,176,823$127,133$2,049,690
June 30, 2024990$1,593,505$1,836,552-$243,047$1,552,270$140,307$1,411,963
June 30, 2023990$1,908,899$939,304$969,595$1,811,267$156,257$1,655,010
Financial details: 990 for the year ended June 30, 2026

Revenue

Contributions, gifts and grants
$840,852
of which government grants
$828,702
Program service revenue
$348,211
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$112,909
Salaries, compensation and benefits (total)
$126,464
Professional fundraising fees
$0
Accounting fees
$4,930
Occupancy
$43,626
Travel
$33
Depreciation
$21,862
Program services (functional)
$1,574,684
Management and general (functional)
$67,224

Balance sheet and other

Total assets, start of year
$2,176,823
Total assets, end of year
$1,769,389
Total liabilities, end of year
$112,098
Net assets, end of year
$1,657,291
Land, buildings and equipment
$1,340,907
Gross receipts
$1,189,063
Employees
3

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, 2026, highest compensation first.

NameTitleHours / weekCompensation
JASON FORDESECRETARY
Trustee or director, Officer
–$0
BILLY HARDEMANCHAIRPERSON
Trustee or director, Officer
–$0
GIBSON IRISBOARD MEMBER
Trustee or director
–$0
CLEVELL JENNINGSTREASURER
Trustee or director
–$0
AMINA MCNEILPRESIDENT
Trustee or director, Officer
–$0
HELEN STEWARTVICE CHAIRPE
Trustee or director
–$0
990 for the year ended June 30, 2025: 6 people
NameTitleHours / weekCompensation
JASON FORDESECRETARY
Trustee or director, Officer
–$0
BILLY HARDEMANCHAIRPERSON
Trustee or director, Officer
–$0
GIBSON IRISBOARD MEMBER
Trustee or director
–$0
CLEVELL JENNINGSTREASURER
Trustee or director
–$0
AMINA MCNEILPRESIDENT
Trustee or director, Officer
–$0
HELEN STEWARTVICE CHAIRPE
Trustee or director
–$0
990 for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensation
JASON FORDESECRETARY
Trustee or director, Officer
–$0
BILLY HARDEMANCHAIRPERSON
Trustee or director, Officer
–$0
GIBSON IRISBOARD MEMBER
Trustee or director
–$0
CLEVELL JENNINGSTREASURER
Trustee or director
–$0
AMINA MCNEILPRESIDENT
Trustee or director, Officer
–$0
HELEN STEWARTVICE CHAIRPE
Trustee or director
–$0
990 for the year ended June 30, 2023: 6 people
NameTitleHours / weekCompensation
AMINA MCNEILPRESIDENT
Trustee or director, Officer
–$86,955
JASON FORDESECRETARY
Trustee or director, Officer
–$0
BILLY HARDEMANCHAIRPERSON
Trustee or director, Officer
–$0
GIBSON IRISBOARD MEMBER
Trustee or director
–$0
CLEVELL JENNINGSTREASURER
Trustee or director
–$0
HELEN STEWARTVICE CHAIRPE
Trustee or director
–$0

Address and contacts

Address (IRS master file)
6116 NW 7TH AVE, MIAMI, FL 33127-1112
Principal officer (990 for 2025)
BILLY HARDEMAN, 655 NW 48 STREET, MIAMI, FL 33127
Signed the 990
BILLY HARDEMAN, CHAIRPERSON
Phone
(305) 757-7652
Return prepared by
BUSH CERNY & CRISSY PA

Mission

ADVOCATE ON BEHALF OF THE COMMUNITY FOR THE REVITALIZATION OF COMMERCIAL AND RESIDENTIAL AREAS WITHIN THE TARGET AREA. THE ORGANIZATION ALSO OPERATES MLKEDC BUSINESS CENTER, WHICH INCLUDES MAINTENANCE, REPAIRS, AND COUNSELING.

990 for the year ended June 30, 2026

Program accomplishments

  • ADVOCATE FOR THE REVITALIZATION AND PRESERVATION OF COMMERCIAL AREAS WITHIN THE TARGET AREA.
    Expenses $300,053
  • HOST AND PROMOTE COMMUNITY EVENTS
    Expenses $492,754
  • TO ENHANCE SKILLS AND TO PROVIDE TRANSPORTATION TO INDIVIDUALS IN THE COMMUNITY.
    Expenses $434,787
  • CBO, RENTALS
    Expenses $347,090

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026990 on file
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
59-2042422
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
1983
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,769,389
Income (IRS master file)
$1,189,063

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2026$1,189,063$1,641,908$1,769,389XML
990June 2025$2,095,675$1,457,925$2,176,823XML
990June 2024$1,593,505$1,836,552$1,552,270XML
990-TJune 2024–––IRS
990June 2023$1,908,899$939,304$1,811,267XML
990June 2022–––IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 59-2042422).

Questions about MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION is 59-2042422.
Is MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION 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 MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION due?
The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2026.
Who is the principal officer of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2026 names BILLY HARDEMAN.
Who are the officers and directors of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2026 lists 6 people; 0 received compensation from the organization.
How much revenue does MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended June 30, 2026 it reported revenue of $1,189,063, expenses of $1,641,908 and total assets of $1,769,389 at year end.

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