Civic Intelligence

Emerging Markets Development Corporation

EIN 27-0574694 • 501(c)3 • Palm Springs, CA

Profile

Research and publish data on under-invested communities as opportunities for place-based initiatives. Facilitate private sector investment in underserved communities. Assists community organizations to partner with each other and the private sector for community development activities. Advance notions of place-based community economic development.

PO Box 5417Palm Springs, CA 92263-5417

www.centerforplacebasedinitiatives.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$214,046

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 29.3% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-37%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$866,544

Up $93,398 (+12%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$866,544

Up $93,398 (+12%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin65th percentile

Revenue

Down

$731,000

Down $434,000 (-37%) from 2023

Expenses

Up

$637,602

Up $217,849 (+52%) from 2023

Net Income

Down

$93,398

Down $651,849 (-87%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $474,085Liabilities 2010: $0Net Assets 2010: $474,0852010Assets 2011: $460,716Liabilities 2011: $0Net Assets 2011: $460,7162011Assets 2012: $274,696Liabilities 2012: $0Net Assets 2012: $274,6962012Assets 2014: $1,216,730Liabilities 2014: $0Net Assets 2014: $1,216,7302014Assets 2015: $852,668Liabilities 2015: $0Net Assets 2015: $852,6682015Assets 2016: $352,957Liabilities 2016: $0Net Assets 2016: $352,9572016Assets 2017: $380,721Liabilities 2017: $0Net Assets 2017: $380,7212017Assets 2018: $202,950Liabilities 2018: $0Net Assets 2018: $202,9502018Assets 2019: $258,254Liabilities 2019: $0Net Assets 2019: $258,2542019Assets 2020: $269,280Liabilities 2020: $0Net Assets 2020: $269,2802020Assets 2021: $257,225Liabilities 2021: $0Net Assets 2021: $257,2252021Assets 2022: $27,899Liabilities 2022: $0Net Assets 2022: $27,8992022Assets 2023: $773,146Liabilities 2023: $0Net Assets 2023: $773,1462023Assets 2024: $866,544Liabilities 2024: $0Net Assets 2024: $866,5442024

Highlighted filing

2024

Assets$866,544
Liabilities$0
Net Assets$866,544
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $143,6852010Expenses 2011: $311,3812011Expenses 2012: $544,6032012Revenue 2014: $1,180,300Expenses 2014: $171,872Net Income 2014: $1,008,4282014Revenue 2015: $350,000Expenses 2015: $714,062Net Income 2015: -$364,0622015Revenue 2016: $0Expenses 2016: $499,711Net Income 2016: -$499,7112016Revenue 2017: $130,000Expenses 2017: $102,236Net Income 2017: $27,7642017Revenue 2018: $0Expenses 2018: $177,771Net Income 2018: -$177,7712018Revenue 2019: $275,000Expenses 2019: $219,696Net Income 2019: $55,3042019Revenue 2020: $100,000Expenses 2020: $88,974Net Income 2020: $11,0262020Revenue 2021: $100,000Expenses 2021: $112,055Net Income 2021: -$12,0552021Revenue 2022: $0Expenses 2022: $229,326Net Income 2022: -$229,3262022Revenue 2023: $1,165,000Expenses 2023: $419,753Net Income 2023: $745,2472023Revenue 2024: $731,000Expenses 2024: $637,602Net Income 2024: $93,3982024

Highlighted filing

2024

Revenue$731,000
Expenses$637,602
Net Income$93,398
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$866,544
Liabilities
$0
Net assets
$866,544
Revenue
$731,000
Expenses
$637,602
Net income
$93,398
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.73$0.64$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.00$0.77$1.17$0.42$0.75
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$0.00$0.23$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.00$0.26$0.10$0.11$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$0.10$0.09$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.00$0.26$0.28$0.22$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.00$0.20$0.00$0.18$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$0.13$0.10$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$0.00$0.50$0.50
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.35$0.71$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$1.18$0.17$1.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 26, 2025
Return Version
2024v5.1
Gross Receipts
$731,000
Mission and Program Overview

Mission

Research and publish data on under-invested communities as opportunities for place-based initiatives. Facilitate private sector investment in underserved communities. Assists community organizations to partner with each other and the private sector for community development activities. Advance notions of place-based community economic development.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$773,146$866,544▲ $93,398
Total Assets$773,146$866,544▲ $93,398
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$682,788$791,171▲ $108,383
Net Assets Without Donor Restrictions$90,358$75,373▼ $14,985
Total Net Assets Fund Balance$773,146$866,544▲ $93,398
Total Liabilities and Net Assets / Fund Balance$773,146$866,544▲ $93,398
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
Jan McelweeDirector
Raul P Lomeli-azoubelDirector
Thomas TsengDirector
Trooper SandersDirector
Elwood HopkinsCEO
Daniel TellalianFormer

Highest Paid Contractors

ContractorServicesLocationCompensation
Neighborhood Investment Company INCGrant Fullfillment8605 SANTA MONICA BLVD, West Hollywood, CA 90069$219,996
Th Mcclory LLCGrant Fullfillment9 WILLIAMS ROAD, Lynnfield, MA 01940$173,037
Revenue and Support

Revenue Composition

Contributions and Grants
$731,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$731,000
Change in Net Assets
$93,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$637,602
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$622,617--$622,617
Fees for Services Accounting-$14,500-$14,500
Other Expenses-$200-$200
Total Functional Expenses$622,617$14,985$0$637,602
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Business or Family Relationships of Officers, Directors, Etc. The CEO of Emerging Markets Development Corporation is on the Board of Directors of the Neighborhood Investment Company Inc”

Form 990, Part VI, Section B, Line 11

“Form 990 Review Process A draft copy of the form 990 is emailed to the board CEO for review and approval prior to the issuance of the final return”

Form 990, Part VI, Section C, Line 19

“Other Organization Documents Publically Available Governing Documents are available upon written request”

Filing and Contact Details

Filer

Filer Name
Emerging Markets Development Corporation
EIN
27-0574694
Phone
3234650406
Address
PO BOX 5417, PALM SPRINGS, CA 92263-5417

Signing Officer

Name
Elwood Hopkins
Title
CEO
Phone
3234650406
Signed
2025-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elwood Hopkins
Formed
2009
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Firm
J Scott Woodward CPA MST
Address
PO Box 5417, Palm Springs, CA 92263-5417
Preparer
James S Woodward
Phone
3237911851
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Section A, Line 11G

“Outside Services Provided by Third Party Contractors for the Fullfillment of Terms of Grants to the Public by Related Third Parties Emerging Markets Inc. 0 Unrelated Third Parties 622,617. Total Outside Services 622,617”

Raw XML Appendix387 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ExpenseAmt0622617
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014500
IRS990/FeesForServicesAccountingGrp/TotalAmt014500
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IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0622617
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IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0214046
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS TSENG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ELWOOD HOPKINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DANIEL TELLALIAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3TROOPER SANDERS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2FORMER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0214046
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Outside Services Provided by Third Party Contractors for the Fullfillment of Terms of Grants to the Public by Related Third Parties Emerging Markets Inc. 0 Unrelated Third Parties 622,617. Total Outside Services 622,617
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Business or Family Relationships of Officers, Directors, Etc. The CEO of Emerging Markets Development Corporation is on the Board of Directors of the Neighborhood Investment Company Inc
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 Review Process A draft copy of the form 990 is emailed to the board CEO for review and approval prior to the issuance of the final return
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other Organization Documents Publically Available Governing Documents are available upon written request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IX, Section A, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0820541873
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Consulting
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Emerging Markets Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt08452 Harold Way
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Los Angeles
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd090069
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV Services Performed
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0EMERGING MARKETS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0m
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IRS990ScheduleR/TransferToOtherOrgInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0773146
IRS990/TotalAssetsEOYAmt0866544
IRS990/TotalAssetsGrp/BOYAmt0773146
IRS990/TotalAssetsGrp/EOYAmt0866544
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0731000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014985
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0622617
IRS990/TotalFunctionalExpensesGrp/TotalAmt0637602
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0773146
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0866544
IRS990/TotalProgramServiceExpensesAmt0622617
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0731000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0773146
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0866544
IRS990/TotReportableCompRltdOrgAmt0214046
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08452 HAROLD WAY
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090069
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.EMERGINGMARKETSINC.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELWOOD HOPKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03234650406
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMERGING MARKETS DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0EMER
ReturnHeader/Filer/EIN0270574694
ReturnHeader/Filer/PhoneNum03234650406
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5417
ReturnHeader/Filer/USAddress/CityNm0PALM SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0922635417
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464678305
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J Scott Woodward CPA MST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 5417
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Palm Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0922635417
ReturnHeader/PreparerPersonGrp/PhoneNum03237911851
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James S Woodward
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-26T12:29:04-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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