Govans Ecumenical Development Corporation
- Assets
- $3.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 24
- Location
- Baltimore, MD
- Founding
- 11/1992
- Data as of
- 03/2023
- EIN
- 52-1767577
Organization Overview
Govans Ecumenical Development Corporation is located in Baltimore, MD. The organization was established in 1992. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 03/2023, Govans Ecumenical Development Corporation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Govans Ecumenical 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 03/2023, Govans Ecumenical Development Corporation generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.8m during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES AND ASSIST IN MEETING EMERGENCY NEEDS OF COMMUNITY RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES - PROVIDES PROGRAMS TO STABILIZE FAMILIES, FOR BOTH SHORT AND LONGER TERMS, TO MEET EMERGENCY NEEDS AND FOSTER SELF-SUFFICIENCY. THE ORGANIZATION GAVE OUT FARMERS' MARKET FOOD CERTIFICATES TO RECIPIENTS AND PEOPLE CAN COME ONCE EVERY 30 DAYS TO THE CARES FOOD PANTRY.KEY STATISTICS OF THE COMMUNITY SERVICES PROGRAM FOR FY 2023 ARE AS FOLLOWS:-500 FAMILIES WERE PROVIDED FOOD PACKAGES-290 FAMILIES PROVIDED EVICTION PREVENTION SUPPORT OF $109,242-SEE SCHEDULE I FOR MORE DETAILS
REAL ESTATE SERVICES - UNDERTAKES REAL ESTATE DEVELOPMENT ACTIVITIES IN RESPONSE TO COMMUNITY NEEDS AND OPPORTUNITIES. THIS PROGRAM INCLUDES DEVELOPING AN AFFORDABLE RETIREMENT COMMUNITY IN BALTIMORE CITY AT THE FORMER SITE OF MEMORIAL STADIUM KNOWN AS STADIUM PLACE.
HOMELESS AND SUPPORTIVE SERVICES - PROVIDES HOUSING TO HELP BALTIMORE CITY AND THE STATE OF MARYLAND TO MEET THEIR GOALS TO END HOMELESSNESS. THESE PROGRAMS ARE COMPREHENSIVE, PROVIDING SUPPORTIVE SERVICES AND LINKS TO COMMUNITY RESOURCES, AIMED AT HELPING INDIVIDUALS TO ACHIEVE THE GREATEST LEVEL OF SELF-SUFFICIENCY POSSIBLE AND ACHIEVE POSITIVE GOALS. THIS PROGRAM INCLUDES HARFORD HOUSE, AND MICAH HOUSE. DURING THE YEAR 50 INDIVIDUALS WERE PROVIDED PERMANENT SUPPORTIVE HOUSING..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev P Edward Kenny Jr President Emeritus | Trustee | 1 | $0 |
Perry Savoy President Emeritus | Trustee | 1 | $0 |
Thomas V Monahan Jr President Emeritus | Trustee | 1 | $0 |
Lynn Reed Selby Secretary | OfficerTrustee | 1 | $0 |
Michael Maxwell Treasurer | OfficerTrustee | 1 | $0 |
Zinnaeah Ambrose Vp- Properties | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $135,542 |
| Related organizations | $0 |
| Government grants | $536,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,733,616 |
| Noncash contributions included in lines 1a–1f | $157,309 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,406,085 |
| Total Program Service Revenue | $127,720 |
| Investment income | $3,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,669 |
| Net Income from Fundraising Events | $6,427 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,619,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $324,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,818 |
| Compensation of current officers, directors, key employees. | $8,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,249 |
| Payroll taxes | $51,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,026 |
| Advertising and promotion | $2,370 |
| Office expenses | $67,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,898 |
| Travel | $3,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,169 |
| Insurance | $85,963 |
| All other expenses | $3,440 |
| Total functional expenses | $1,848,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,430 |
| Savings and temporary cash investments | $73,214 |
| Pledges and grants receivable | $161,994 |
| Accounts receivable, net | $240,444 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $311,661 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $74,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,750,668 |
| Intangible assets | $0 |
| Other assets | $546,584 |
| Total assets | $3,296,397 |
| Accounts payable and accrued expenses | $421,893 |
| Grants payable | $0 |
| Deferred revenue | $31,657 |
| 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 | $110,863 |
| Other liabilities | $466,246 |
| Total liabilities | $1,030,659 |
| Net assets without donor restrictions | $1,846,520 |
| Net assets with donor restrictions | $419,218 |
| 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 | $3,296,397 |
Grants Awarded
Over the last fiscal year, Govans Ecumenical Development Corporation has awarded $956,999 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SUSQUEHANNA BANK FOUNDATION PURPOSE: PROVIDE SUPPORT FOR OPERATIONS | $5,000 |
LEONARD & HELEN R STULMAN CHARITABLE FOUNDATION PURPOSE: PROVIDE SUPPORT FOR OPERATIONS | $50,000 |
MARYLAND BRANCH OF THE SHUT IN SOCIETY OF BALTIMORE CITY INC PURPOSE: PROVIDE SUPPORT FOR OPERATIONS | $6,000 |
MILES WHITE BENEFICIAL SOCIETY OF BALTIMORE CITY PURPOSE: PROVIDE SUPPORT FOR OPERATIONS | $5,000 |
DOROTHY WAGNER WALLIS TRUST PURPOSE: PROVIDE SUPPORT FOR OPERATIONS | $6,000 |
UNITED WAY OF CENTRAL MARYLAND PURPOSE: PROVIDE SUPPORT FOR OPERATIONS | $45,000 |