Anacostia Economic Development Corporation
- Assets
- $22.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 10/1971
- Data as of
- 12/2021
- EIN
- 52-0897780
Organization Overview
Anacostia Economic Development Corporation is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Anacostia Economic Development Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anacostia Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Anacostia Economic Development Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $637.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DHCD SMALL BUSINESS PROVIDES TECHNICAL SUPPORT TO SMALL BUSINESSES IN WARD 7 AND 8.
FACADE IMPROVEMENTS - HISTORICAL FACADES
PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESS AS DEFINE BY SMALL BUSINESS ADMINISTRATION STARTING AND CONTINUOUS BUSINESSES WHICH IS LOCATED IN THE ANACOSTIA SOUTHEAST CORRIDOR.
DEVELOPE,PROMOTE AND PARTICIPATE IN THE REVITALIZATION OF COMMERCIAL NEIGHBORHOODS AND FACILITIES BY RETAIL JOBS AND BRINGING QUALITY RETAIL SERVICE TO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Jackson President/ceo | Officer | 11 | $27,003 |
Stephanie Howard Chairperson | OfficerTrustee | 1 | $0 |
Adriane Lowrie Secretary | OfficerTrustee | 1 | $0 |
Graylin Presbury Member | Trustee | 1 | $0 |
Cindy Athey Member | Trustee | 1 | $0 |
Stan Voudrie Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $304,398 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,291 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,120,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,082 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,149 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,259 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,813 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,526 |
| Insurance | $16,126 |
| All other expenses | $65,483 |
| Total functional expenses | $637,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,502,699 |
| Savings and temporary cash investments | $85,186 |
| Pledges and grants receivable | $116,503 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,951,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $142 |
| Net Land, buildings, and equipment | $8,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,485,011 |
| Total assets | $22,150,144 |
| Accounts payable and accrued expenses | $37,352 |
| Grants payable | $0 |
| Deferred revenue | $24,723 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,661,037 |
| Total liabilities | $1,723,112 |
| Net assets without donor restrictions | $20,427,032 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,150,144 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Anacostia Economic Development Corporation has recieved totaling $166,363.
| Awarding Organization | Amount |
|---|---|
Howard University Washington, DC PURPOSE: SUPPORT RESEARCH & EDUCATION | $166,363 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Prosperity Now Washington, DC | $29,090,376 | $24,644,874 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |
Prince Georges County Economic Development Corporation Largo, MD | $6,056,042 | $4,300,935 |
Southwest Business Improvement District Washington, DC | $5,791,931 | $4,241,632 |
Common Ground Alliance Alexandria, VA | $4,149,136 | $2,873,132 |
Baltimore Community Lending Inc Baltimore, MD | $32,545,900 | $4,977,119 |
The Central Baltimore Partnership Inc Baltimore, MD | $5,647,773 | $4,310,518 |