East Baltimore Development Inc

“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.”

“Ebdi 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 ebdi and an interested party, the board of directors shall determine the appropriate organizational response. Where the actual or potential conflict exists, the president and ceo shall review the matter and take appropriate action as necessary to protect the interests of ebdi. The ceo shall report to the chairman the results of any review and the action proposed to be taken. The 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 ebdi shll not participate in any way in, or be present during, the deliberations and decision making related to the proposed action of transaction.”

“The compensation of the president and ceo is established by the board of directors and is determined and documented annually based on upon comparable compensation data. Bonuses for the previous year are determined based upon achievement of specific organization goals. The compensation of officers and key employees is established by the president and ceo with approval of the board of directors through the budget process.”

“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. Ebdi will arrange a mutually convenient time for review at ebdi's main office at 929 n. Wolfe street, baltimore, maryland.”

“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.”

“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.”

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