East Baltimore Development

“Nicole m harrell, cpa assists in analyzing and reconciling the account balances, prepares customer billing, grant management, reviews general ledger, prepares quarterly financial packages for finance committee meetings; provides general accounting support; assists with the preparation of the 990 filing; and assists with the annual financial audit.”

“The form 990 was reviewed by the chief financial officer, president and ceo, and the finance/audit committee prior to submission. The finance/audit committee includes several corporate and government leaders who specialize in the areas of budget, finance and accounting. The comments from the review team are incorporated into the final document and then emailed to the full board of directors prior to submission.”

“Ebdfi has a written conflict of interest policy. Key employees, officers, and directors update their disclosure statement annually. Whenever there is a reason to believe that an actual or potential conflict of interest exists between ebdfi and an interest party, the ebdi president and ceo shall determine the appropriate organizational response. Where the actual or potential conflict exists, the ebdi president and ceo shall review the matter and take appropriate action as necessary to protect the inerests of ebdfi. The ebdi ceo shall report to the chairman the results of any review and the action proposed to be taken. The ebdi chairman, in consultation with the executive committee, shall determine if any further board review or action is required. An interested party who has an actual or potential conflict of interest with respect to a proposed action or transaction with ebdfi shall not participate in any way in, or be present during, the delibertations and decision making related to the proposed action of the transaction.”

“Ebdfi does not have any employees. The president and ceo is compensated by ebdi for her services performed for ebdfi.”

“Organizational documents, the conflict of interest policy, and the financial statements are available to the public for the same period of disclosure as set forth in section 6104d, upon written request to ebdi ceo. The ebdi ceo will arrange a mutally convenient time for review at the main offfice at 929 n. Wolfe street, baltimore, maryland.”

“As a type i supporting organization, as defined by the irs, all programs are exclusively for the charitable and educational purposes of east baltimore development, inc. (ebdi), the supported organization. Ebdi, a related organization, was formed in 2002 as a non-stock corporation whose 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 educational opportunities. The east baltimore revitalization initiative leverages the world-class health and research facilities that anchor and economically power the neighborhood, the city, and the region.”

“Prior year adjustment made to reduce cash for incorrect recording of the sale of 855 e wolfe street to the foundation's cash balance.”