Eastside Community Development Corporation Inc
- Assets
- $240.6k
- Revenue
- $304.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Baltimore, MD
- Founding
- 07/1996
- Data as of
- 06/2017
- EIN
- 52-1933648
Organization Overview
Eastside Community Development Corporation Inc is located in Baltimore, MD. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2017, Eastside Community Development Corporation Inc employed 4 individuals. Eastside Community Development Corporation Inc 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 06/2017, Eastside Community Development Corporation Inc generated $304.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $202.8k during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A HUD CERTIFIED NON-PROFIT HOUSING COUNSELING AGENCY COMMITTED TO THE AVAILABILITY OF AFFORDABLE HOUSING IN EASTERN BALTIMORE COUNTY AND RECOGNIZES THE IMPORTANCE OF PRESERVING AND PROMOTING THE VIABILITY AND STABILITY OF OLDER NEIGHBORHOODS THROUGH HOMEOWNERSHIP. THE ORGANIZATION OFFERS FREE FORECLOSURE PREVENTION COUNSELING IN CONNECTION WITH BALTIMORE COUNTY AND THE STATE OF MARYLAND; HOMEBUYERS' EDUCATION AND COUNSELING FOR THE BALTIMORE COUNTY SETTLEMENT EXPENSE LOAN PROGRAM; ASSISTS FIRST TIME HOMEBUYERS IN BALTIMORE COUNTY OBTAIN UP TO 10,000 IN CLOSING COST AND DOWNPAYMENT ASSISTANCE IN CONJUNCTION WITH THE AMERICAN DREAM DOWNPAYMENT INITIATIVE; AND EDUCATION AND COUNSELING FOR CDA; DSELP, PERSONS WITH DISABILITIES LOAN PROGRAM, FHA FINANCING AND OTHER LENDER- REQUIRED COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED HOMEOWNERS WITH FORECLOSURE MITIGATION COUNSELING AND LEGAL SERVICES; OFFER HOMEBUYERS' EDUCATION AND COUNSELING FOR THE BALTIMORE COUNTY SETTLEMENT EXPENSE LOAN PROGRAM; ASSIST FIRST TIME HOMEBUYERS IN BALTIMORE COUNTY OBTAIN UP TO 10,000 IN CLOSING COST AND DOWNPAYMENT ASSISTANCE IN CONJUNCTION WITH THE AMERICAN DREAM DOWNPAYMENT INITIATIVE; PROVIDE EDUCATION AND COUNSELING FOR CDA, DSELP, PERSONS WITH DISABILITIES LOAN PROGRAM, FHA FINANCING, AND OTHER LENDER-REQUIRED COUNSELING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Simonton Board Chairm | OfficerTrustee | 2 | $0 |
Jasmin Torres Acting Treas | OfficerTrustee | 1 | $0 |
Rick Davis Executive Di | Officer | 45 | $54,357 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $304,518 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,518 |
| 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 | $304,518 |
| 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. | $58,378 |
| Compensation of current officers, directors, key employees. | $14,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,995 |
| Pension plan accruals and contributions | $1,669 |
| Other employee benefits | $8,724 |
| Payroll taxes | $10,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,359 |
| 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 | $4,421 |
| Information technology | $2,635 |
| Royalties | $0 |
| Occupancy | $31,797 |
| Travel | $56 |
| 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 | $129 |
| Insurance | $2,271 |
| All other expenses | $0 |
| Total functional expenses | $202,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,388 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,304 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164,544 |
| Total assets | $240,606 |
| Accounts payable and accrued expenses | $45,774 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $45,774 |
| Unrestricted restricted net Assets | $194,832 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $194,832 |