Nonprofits›Emerging 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
TH MCCLORY LLC
Grant Fullfillment
Grants received
Showing 8 of 8
FromAmountPurposeYear
$646K
PROJECT SUPPORT TO AID THE ESTABLISHMENT OF NEIGHBORHOOD REAL ESTATE INVESTMENT TRUSTS.
2024
$465K
TO PROVIDE TECHNICAL ASSISTANCE TO NEIGHBORHOOD REITS IN THREE COMMUNITIES THAT LIE IN THE PATH OF GENTRIFICATION IN FRESNO, DETROIT, AND CHICAGO.
2023
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