Civic Intelligence

Emerald Development and Economic Network

990 • Fiscal year 2023 • EIN 34-1667990

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

7812 Madison AveCleveland, OH 44102

(216) 961-9690

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.45x

Higher debt load relative to assets than 70% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.44x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

42nd percentile

1.1%

Higher net margin than 42% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$211,826

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

76th percentile

18%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$46,195,217

Up $7,166,307 (+18%) from 2022

Net Assets

Up

$25,433,595

Up $538,907 (+2.2%) from 2022

Liabilities

Up

$20,761,622

Up $6,627,400 (+47%) from 2022

Revenue

Up

$47,487,590

Up $5,376,913 (+13%) from 2022

Expenses

Up

$46,943,982

Up $5,541,415 (+13%) from 2022

Net Income

Down

$543,608

Down $164,502 (-23%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $18,542,172Liabilities 2010: $6,063,393Net Assets 2010: $12,478,7792010Assets 2011: $19,293,001Liabilities 2011: $5,659,107Net Assets 2011: $13,633,8942011Assets 2012: $20,007,484Liabilities 2012: $5,840,990Net Assets 2012: $14,166,4942012Assets 2013: $24,168,211Liabilities 2013: $6,994,803Net Assets 2013: $17,173,4082013Assets 2014: $25,359,695Liabilities 2014: $8,165,271Net Assets 2014: $17,194,4242014Assets 2015: $25,082,736Liabilities 2015: $7,800,495Net Assets 2015: $17,282,2412015Assets 2016: $26,868,979Liabilities 2016: $7,963,670Net Assets 2016: $18,905,3092016Assets 2017: $28,139,679Liabilities 2017: $7,780,518Net Assets 2017: $20,359,1612017Assets 2018: $32,415,002Liabilities 2018: $7,990,229Net Assets 2018: $24,424,7732018Assets 2019: $33,569,419Liabilities 2019: $7,652,634Net Assets 2019: $25,916,7852019Assets 2020: $37,060,411Liabilities 2020: $11,592,082Net Assets 2020: $25,468,3292020Assets 2021: $37,695,936Liabilities 2021: $13,509,358Net Assets 2021: $24,186,5782021Assets 2022: $39,028,910Liabilities 2022: $14,134,222Net Assets 2022: $24,894,6882022Assets 2023: $46,195,217Liabilities 2023: $20,761,622Net Assets 2023: $25,433,5952023Assets 2024: $59,649,369Liabilities 2024: $31,505,893Net Assets 2024: $28,143,4762024

Highlighted filing

2023

Assets$46,195,217
Liabilities$20,761,622
Net Assets$25,433,595

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $21,438,2432010Expenses 2011: $25,196,3702011Expenses 2012: $25,105,6962012Expenses 2013: $23,667,6262013Revenue 2014: $26,196,709Expenses 2014: $26,129,896Net Income 2014: $66,8132014Revenue 2015: $27,673,524Expenses 2015: $27,585,707Net Income 2015: $87,8172015Revenue 2016: $29,843,690Expenses 2016: $28,261,352Net Income 2016: $1,582,3382016Revenue 2017: $30,919,870Expenses 2017: $29,466,018Net Income 2017: $1,453,8522017Revenue 2018: $35,905,082Expenses 2018: $31,839,470Net Income 2018: $4,065,6122018Revenue 2019: $34,227,471Expenses 2019: $32,735,459Net Income 2019: $1,492,0122019Revenue 2020: $36,749,538Expenses 2020: $37,197,994Net Income 2020: -$448,4562020Revenue 2021: $37,548,229Expenses 2021: $38,829,980Net Income 2021: -$1,281,7512021Revenue 2022: $42,110,677Expenses 2022: $41,402,567Net Income 2022: $708,1102022Revenue 2023: $47,487,590Expenses 2023: $46,943,982Net Income 2023: $543,6082023Revenue 2024: $56,254,776Expenses 2024: $53,544,895Net Income 2024: $2,709,8812024

Highlighted filing

2023

Revenue$47,487,590
Expenses$46,943,982
Net Income$543,608
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$47,529,412
Mission and Program Overview

Mission

Eden, inc. Provides, operates, and advocates for safe, decent, affordable housing and support services for persons living with disabilities or special needs who have low incomes and may be experiencing homelessness.

Eden's mission is to provide housing solutions to people facing the challenges of housing insecurities and homelessness. To this end, eden's vision is to be a leader in efforts to end homelessness by:- developing, operating, and administering safe, decent, affordable housing which will enable the communities' most vulnerable individuals and families to live with hope and dignity- developing and maintaining collaborative partnerships that foster and increase resources to create initiatives and strategies in support of the mission- developing a culture which attracts and retains highly qualified and committed staff

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,220,395$16,758,458▼ $461,937
Cash and Non-Interest-Bearing Accounts$3,348,003$7,637,260▲ $4,289,257
Pledges and Grants Receivable$6,565,470$7,334,389▲ $768,919
Investments Program Related$6,086,389$6,086,389→ $0
Accounts Receivable$4,391,131$4,621,045▲ $229,914
Savings and Temporary Cash Investments$456,916$671,444▲ $214,528
Prepaid Expenses and Deferred Charges$36,591$72,203▲ $35,612
Inventories for Sale or Use$12,682$9,193▼ $3,489
Intangible Assets$6,067$5,800▼ $267
Total Assets$39,028,910$46,195,217▲ $7,166,307
Other Assets Total$905,266$2,999,036▲ $2,093,770
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,531,060$10,534,984▲ $3,924
Deferred Revenue$2,159,085$7,980,649▲ $5,821,564
Accounts Payable and Accrued Expenses$892,814$1,695,283▲ $802,469
Escrow Account Liability$263,961$263,961→ $0
Unsecured Notes Loans Payable$218,733$218,733→ $0
Other Liabilities$68,569$68,012▼ $557
Total Liabilities$14,134,222$20,761,622▲ $6,627,400
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,229,024$19,972,009▲ $742,985
Net Assets With Donor Restrictions$5,665,664$5,461,586▼ $204,078
Total Net Assets Fund Balance$24,894,688$25,433,595▲ $538,907
Total Liabilities and Net Assets / Fund Balance$39,028,910$46,195,217▲ $7,166,307

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,333,696$12,727,196$28,060,892
Equipment$257,733$1,360,395$1,618,128
Land$1,167,029-$1,167,029
Investment Program Related Org$6,086,389--
Other Assets Org$2,918,442--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elaine GimmelExecutive DirectorFT$192,626$19,200$211,826
Sharon ParksChief Financial OfficerFT$146,864$16,776$163,640
Emma Petrie BarcelonaChief Operating OfficerFT$144,002$7,334$151,336
Gerri KornblutGeneral CounselFT$128,791$15,904$144,695
Richard CarrDirector of Real Estate DevelopmentFT$108,557$27,662$136,219
Rachella TillmanDirector of Property ManagementFT$102,955$10,522$113,477
Judith EngelDirector of Fund Dev. & COM.FT$100,780$5,491$106,271

Board Members and Trustees

NameTitle
John Mark TicharPresident
Jonathan PetrusVice President
Andre CampbellBoard Member
Andreena JacksonBoard Member
Christopher MertesBoard Member
Dawn EllisBoard Member
Jessica StonerBoard Member
Kenneth G SillimanBoard Member
Matthew KingBoard Member
Matthew LargeBoard Member
Michele SommerfeltBoard Member
Nicholas MccauslinBoard Member
Phillip StudmireBoard Member
Susan LicciardiBoard Member
Timothy WilliamsBoard Member
Kanika WillaimsBoard Member Thru April 2023
Joshua E LevinBoard Member Thru Feb 2023
Douglas ShelbySecretary Thru Feb 2023
Beth AdamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
C&b Construction Co 1ltdGeneral Contractor17325 EUCLID AVE SUITE 2180, Cleveland, OH 44112$758,520
Drake Construction CompanyGeneral Contractor1545 EAST 18TH STREET, Cleveland, OH 44114$404,731
Huntington National Bank - 0821FinancePO BOX 182387, Columbus, OH 43218$307,163
Mui Construction LLCGeneral Contractor1235 PROSPECT AVE, Strongsville, OH 44149$304,938
Young Women's Christian AssociationSupportive Servies4019 PROSPECT, Cleveland, OH 44103$220,237
Revenue and Support

Revenue Composition

Contributions and Grants
$40,129,878
Program Service Revenue
$6,471,896
Investment Income
$35,206
Other Revenue
$850,610
All Other Contributions
$699,078
Change in Net Assets
$543,608

Audited Revenue Reconciliation

Revenue per Audited Statements
$47,487,590
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$153,259
Total Revenue per Audited Statements
$47,640,849
Total Revenue per Form 990
$47,487,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$31,274,929
Salaries, Compensation, and Employee Benefits$8,726,585
Other Expenses$6,942,468
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$29,092,062--$29,092,062
Other Salaries and Wages$5,561,539$687,680-$6,249,219
Grants to Domestic Orgs$2,182,867--$2,182,867
Occupancy$1,681,256$95,390-$1,776,646
Office Expenses$169,206$777,417-$946,623
Other Employee Benefits$807,432$75,982-$883,414
Interest$817,689$23,558-$841,247
Depreciation Depletion$739,537$85,691-$825,228
Payroll Taxes$637,199$87,189-$724,388
Current Officers, Directors, Trustees, and Key Employees$597,630$73,864-$671,494
Payments to Affiliates$578,458$15,865-$594,323
Fees for Services Other$83,349$249,326-$332,675
Insurance$163,824$34,482-$198,306
Pension Plan Contributions$190,109$7,961-$198,070
Information Technology$141,786$37,821-$179,607
Fees for Services Accounting$46,171--$46,171
Other Expenses$22,600--$22,600
Conferences and Meetings$11,339$10,342-$21,681
Travel$353$14,902-$15,255
Fees for Services Legal$11,270$1,610-$12,880
Total Functional Expenses$44,664,902$2,279,080$0$46,943,982

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$47,118,640
Expenses per Audited Statements$46,943,982
Total Expenses per Form 990$46,943,982
Expenses Not Reported on Form 990$174,658
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mental Health Services IncCleveland, OH501(c)(3)Provide Supportive Services to Clients Receiving Rental Assitance.$1,320,732
Ywca of ClevelandCleveland, OH501(c)(3)Provide Supportive Services to Clients Receiving Rental Assitance.$233,541
Journey CenterCleveland, OH501(c)(3)Provide Supportive Services to Clients Receiving Rental Assitance.$115,164
Family Promise of Greater ClevelandCleveland, OH501(c)(3)Provide Supportive Services to Clients Receiving Rental Assitance.$90,929
Jewish Family ServicesPepper Pike, OH501(c)(3)Provide Supportive Services to Clients Receiving Rental Assitance.$67,349
University SettlementCleveland, OH501(c)(3)Provide Supportive Services to Clients Receiving Rental Assitance.$56,112
Cleveland Rape Crisis CenterCleveland, OH501(c)(3)Provide Supportive Services to Clients Receiving Rental Assitance.$30,717
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$73,946
Fundraising Gross Income$5,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Eden Homecoming 2023$95,109$5,500$15,631$-10,131
Total Events$95,109$5,500$73,946$-68,446
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$68,012
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The finance committee approves the 990 at its monthly meeting. The cfo then sends the full board of directors a copy with a one week review period before submission.

Form 990, Part VI, Section B, Line 12C

Annually, the board of directors is provided a copy of the conflict of interest policy. The policy is reviewed and each board member completes a disclosure form. The completed forms are reviewed by the executive director.

Form 990, Part VI, Section B, Line 15

On an annual basis, the board completes an annual review and collects evidence of salaries for similar positions from other local nonprofits for determining the compensation of the executive director and other listed officers.

Form 990, Part VI, Section C, Line 19

Our governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Emerald Development & Economic Network
EIN
34-1667990
Phone
2169619690
Address
7812 MADISON AVE, CLEVELAND, OH 44102
Doing Business As
Eden Inc

Signing Officer

Name
Elaine Gimmel
Title
Executive Director
Phone
2169619690
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Gimmel
Formed
1990
Legal Domicile
Oh
Voting Board Members
16
Independent Board Members
16
Employees
249
Volunteers
60

Preparer

Firm
Cliftonlarsonallen Llp
Address
1785 INDIAN WOOD CIRCLE, MAUMEE, OH 43537
Preparer
Brittany Malczewski CPA
Phone
4197942000
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

Eden has contracted with the alcohol, drug, addiction and mental health services board of cuyahoga county (adamhs) as a grantee agency for housing assistance program funds. Under this program eden receives funds monthly from the adamhs board and disburses at the direction of adamhs for rent subsidies and start-up costs for approved clients. Eden's responsibility is to administer these funds at the direction of adamhs.

PART X, LINE 2:

Management of eden is required to determine whether a tax position, such as its tax exempt status, is more likely than not to be sustained upon examination by the applicable taxing authority. Management of eden is not aware of any tax positions for which it is reasonably possible that a significant change will occur in the next twelve months. Eden's federal tax returns for the prior three fiscal years remain subject to examination by the internal revenue service.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Franklin house revenue 79,313. Fundraising expenses 73,946.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Franklin house expenses 100,712. Fundraising expenses 73,946.

Raw XML AppendixShowing 400 of 953 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.

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IRS990/ActivityOrMissionDesc0EDEN'S MISSION IS TO PROVIDE HOUSING SOLUTIONS TO PEOPLE FACING THE CHALLENGES OF HOUSING INSECURITIES AND HOMELESSNESS. TO THIS END, EDEN'S VISION IS TO BE A LEADER IN EFFORTS TO END HOMELESSNESS BY:- DEVELOPING, OPERATING, AND ADMINISTERING SAFE, DECENT, AFFORDABLE HOUSING WHICH WILL ENABLE THE COMMUNITIES' MOST VULNERABLE INDIVIDUALS AND FAMILIES TO LIVE WITH HOPE AND DIGNITY- DEVELOPING AND MAINTAINING COLLABORATIVE PARTNERSHIPS THAT FOSTER AND INCREASE RESOURCES TO CREATE INITIATIVES AND STRATEGIES IN SUPPORT OF THE MISSION- DEVELOPING A CULTURE WHICH ATTRACTS AND RETAINS HIGHLY QUALIFIED AND COMMITTED STAFF
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IRS990/Desc0O THE PROVISION AND MANAGEMENT OF HOUSING UNITS FOR PERSONS WHO ARE EXPERIENCING HOMELESSNESS OR ARE UNSTABLY HOUSED, WHO HAVE A DISABILITY AND/OR ARE PART OF A SPECIAL NEEDS GROUP INCLUDING JUSTICE INVOLVED INDIVIDUALS, VETERANS OR SURVIVORS OF DOMESTIC VIOLENCE AND/OR HUMAN TRAFFICKING, AND WHO ARE VERY LOW/EXTREMELY LOW INCOME: EDEN PROVIDED HOUSING FOR APPROXIMATELY 1300 TENANTS DURING THE 2023 FISCAL YEAR. EDEN HAS MAINTAINED 90% RENT COLLECTION AND 90% OCCUPANCY STANDARDS; 70% HAVE LIVED IN OUR HOUSING FOR 2 YEARS OR LONGER, AND 70% HAVE A SOURCE OF INCOME.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY THRU FEB 2023
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER THRU FEB 2023
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER THRU APRIL 2023
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF REAL ESTATE DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR OF FUND DEV. & COM.
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR OF PROPERTY MANAGEMENT
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$59.6$31.5$28.1$56.3$53.5$2.71
2023Detailed filing. Detailed filing data is available for this year.$46.2$20.8$25.4$47.5$46.9$0.54
2022Detailed filing. Detailed filing data is available for this year.$39.0$14.1$24.9$42.1$41.4$0.71
2021Detailed filing. Detailed filing data is available for this year.$37.7$13.5$24.2$37.5$38.8$1.28
2020Detailed filing. Detailed filing data is available for this year.$37.1$11.6$25.5$36.7$37.2$0.45
2019Detailed filing. Detailed filing data is available for this year.$33.6$7.65$25.9$34.2$32.7$1.49
2018Detailed filing. Detailed filing data is available for this year.$32.4$7.99$24.4$35.9$31.8$4.07
2017Detailed filing. Detailed filing data is available for this year.$28.1$7.78$20.4$30.9$29.5$1.45
2016Detailed filing. Detailed filing data is available for this year.$26.9$7.96$18.9$29.8$28.3$1.58
2015Detailed filing. Detailed filing data is available for this year.$25.1$7.80$17.3$27.7$27.6$0.09
2014Detailed filing. Detailed filing data is available for this year.$25.4$8.17$17.2$26.2$26.1$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$6.99$17.2$23.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$5.84$14.2$25.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$5.66$13.6$25.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$6.06$12.5$21.4