East Baltimore Development Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
EBDI'S MISSION IS TO SUCCESSFULLY ATTRACT MARKET-ORIENTED INVESTMENT, DEVELOPMENT, POPULATION AND ENTERPRISE TO THE EAST BALTIMORE COMMUNITY WHILE EQUIPPING COMMUNITY RESIDENTS WITH THE SKILLS, INFORMATION, AND RESOURCES THEY NEED TO BENEFIT FROM NEW HOUSING, EMPLOYMENT, BUSINESS, AND AND EDUCATIONAL OPPORTUNITIES.
- Income
- $2.6 million
- Spending
- $3.3 million
- Spent on programs
- 76%
- Reserves
- 1.7 months of spending
- Largest source of income
- government grants, 47%
- Employees
- 8
- Volunteers
- 11
- Highest pay
- $290,131, chf real est
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 50 out of 100. Higher than 21% of charities in its peer group (community improvement, $1m to $10m).
Reserves
10 of 35Spendable reserves would cover 1.7 months of spending.
Debt
20 of 20It owes 7% of what it owns.
Living within its means
0 of 15Spending exceeded income by 24% of income.
Income trend
5 of 15Income fell 17% on the year before.
Spending floor
15 of 1576% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $2.5 million spent. EBDI WORKED WITH DEVELOPERS, THE CITY OF BALTIMORE, AND THE STATE OF MARYLAND TO COMPLETE PRE-DEVELOPMENT ACTIVITIES NECESSARY TO MAKE WAY FOR FOUR NEW RESIDENTIAL DEVELOPMENT PROJECTS THAT WILL YIELD OVER 500 UNITS OF MARKET-RATE AND AFFORDABLE RENTAL AND FOR-SALE HOMES. IN ADDITION, THE DEVELOPMENT OF THE NEXT COMMERCIAL/LAB BUILDING IS UNDERWAY AND THE SITE FOR A FUTURE GROCERY STORE/MIXED USE DEVELOPMENT HAS BEEN IDENTIFIED. EBDI ULTIMATELY PLANS TO BUILD AN ADDITIONAL 500 UNITS OF MIXED-INCOME HOUSING ALONG WITH TWO TO THREE ADDITIONAL COMMERCIAL BUILDINGS AND A PARKING GARAGE OVER THE NEXT 10 YEARS. EBDI CONSIDERS ITS APPROACH TO BE "RESPONSIBLE REDEVELOPMENT" WITH A FOCUS ON ECONOMIC AND COMMUNITY DEVELOPMENT EFFORTS THAT ARE INCLUSIVE AND MITIGATE THE EFFECTS OF GENTRIFICATION. EBDI WORKED WITH DEVELOPERS, THE CITY OF BALTIMORE, AND THE STATE OF MARYLAND TO COMPLETE PRE-DEVELOPMENT ACTIVITIES NECESSARY TO MAKE WAY FOR FOUR NEW RESIDENTIAL DEVELOPMENT PROJECTS THAT WILL YIELD OVER 500 UNITS OF MARKET-RATE AND AFFORDABLE RENTAL AND FOR-SALE HOMES. IN ADDITION, THE DEVELOPMENT OF THE NEXT COMMERCIAL/LAB BUILDING IS UNDERWAY AND THE SITE FOR A FUTURE GROCERY STORE/MIXED USE DEVELOPMENT HAS BEEN IDENTIFIED. EBDI ULTIMATELY PLANS TO BUILD AN ADDITIONAL 500 UNITS OF MIXED-INCOME HOUSING ALONG WITH TWO TO THREE ADDITIONAL COMMERCIAL BUILDINGS AND A PARKING GARAGE OVER THE NEXT 10 YEARS. EBDI CONSIDERS ITS APPROACH TO BE "RESPONSIBLE REDEVELOPMENT" WITH A FOCUS ON ECONOMIC AND COMMUNITY DEVELOPMENT EFFORTS THAT ARE INCLUSIVE AND MITIGATE THE EFFECTS OF GENTRIFICATION.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.