NonprofitsEmerging Markets Development Corporation

Community Improvement & Capacity Building

Emerging Markets Development Corporation

PALM SPRINGS, CA

Total revenue

$731K

Total expenses

$638K

Net assets

$867K

Grants received

$2.2M

8 grants

EIN

270574694

Tax year

2024

Mission

Builds the capacity of communities, via nonprofit networks, to partner with the private sector in economic development activities.

Financials

FY 2024

Revenue

Contributions & grants$731K
Program service revenue
Investment income
Other revenue
Total revenue$731K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$638K
Total expenses$638K
Total assets$867K
Net assets$867K

People

6 listed

NameRoleCompensation

ELWOOD HOPKINS

CEO

Board

3 hrs/wk

THOMAS TSENG

DIRECTOR

Board

DANIEL TELLALIAN

FORMER

Board

2.31 hrs/wk

JAN MCELWEE

DIRECTOR

Board

1 hrs/wk

RAUL P LOMELI-AZOUBEL

DIRECTOR

Board

1 hrs/wk

TROOPER SANDERS

DIRECTOR

Board

Independent contractors

NEIGHBORHOOD INVESTMENT COMPANY INC

Grant Fullfillment

$220K

TH MCCLORY LLC

Grant Fullfillment

$173K

Grants received

Showing 8 of 8

FromAmountPurposeYear
$646K
PROJECT SUPPORT TO AID THE ESTABLISHMENT OF NEIGHBORHOOD REAL ESTATE INVESTMENT TRUSTS.
2024
$85K
PROJECT SUPPORT TO AID TECHNICAL ASSISTANCE TO NEIGHBORHOOD REITS.
2024
$500K
For the formation of Neighborhood Real Estate Investment Trusts
2023
$465K
TO PROVIDE TECHNICAL ASSISTANCE TO NEIGHBORHOOD REITS IN THREE COMMUNITIES THAT LIE IN THE PATH OF GENTRIFICATION IN FRESNO, DETROIT, AND CHICAGO.
2023
$200K
NEIGHBORHOOD INVESTMENT STRUCTURES
2023
$100K
NEIGHBORHOOD INVESTMENT STRUCTURES
2021
$100K
NEIGHBORHOOD REIT STRUCTURE DEVELOPMENT
2020
$75K
SHARED OWNERSHIP STRUCTURES
2018

Funded by

$2.2M from 3 funders · 8 grants · 2018–2024

The Kresge Foundation

$1.2M · 3 grants · 2023–2024

The James Irvine Foundation

$500K · 1 grant · 2023

Joseph Drown Foundation

$475K · 4 grants · 2018–2023

Details

EIN270574694
NTEE codeS02
Subsection03
Ruling date2009-12
Formed2009
Employees0
EMERGING MARKETS DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo