East Baltimore Development Inc.
East Baltimore Development Inc.
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About this organization
Mission
TO SUCCESSFULLY ATTRACT MARKET-ORIENTED INVESTMENT, DEVELOPMENT, POPULATION & ENTERPRISE TO THE EAST BALTIMORE COMMUNITY WHILE EQUIPPING COMMUNITY RESIDENTS WITH THE SKILLS, INFORMATION & RESOURCES THEY NEED TO BENEFIT FROM NEW HOUSING, EMPLOYMENT, BUSINESS & EDUCATIONAL OPPORTUNITIES.
About
EAST BALTIMORE DEVELOPMENT FOUNDATION, INC. (EBDF), A RELATED ORGANIZATION, WAS FORMED IN 2008 AS A NON-STOCK CORPORATION EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO SUPPORT AND CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF EBDI. EBDF IS A TYPE I SUPPORTING ORGANIZATION AS DEFINED BY THE IRS.EAST BALTIMORE DEVELOPMENT, INC. (EBDI) IS A 501[C][3] ESTABLISHED BY COMMUNITY, GOVERNMENT, INSTITUTIONAL AND PHILANTHROPIC PARTNERS TO REVITALIZE, RE-ENERGIZE AND REBUILD THE EAST BALTIMORE NEIGHBORHOOD BY:- LEVERAGING PROXIMITY TO THE JOHNS HOPKINS MEDICAL COMPLEX INTO A STRONGER ECONOMIC DRIVER FOR THE NEIGHBORHOOD - INCREASING INVESTMENT AND EMPLOYMENT IN MEDICAL AND LIFE SCIENCES INDUSTRIES BUT ALSO CAPTURING A GREATER COMMUNITY CONTRIBUTION FROM STUDENTS, EMPLOYEES, FACULTY AND VISITORS.- MAKING THE DEMOLITION, CONSTRUCTION AND DEVELOPMENT ACTIVITIES UNDERTAKEN AS PART OF THIS INITIATIVE PRODUCE SIGNIFICANT ECONOMIC BENEFIT TO RESIDENTS AND BUSINESSES OF EAST BALTIMORE WHILE GROWING THE LIFE SCIENCES INDUSTRY OF BALTIMORE. - STRENGTHENING AND REVITALIZING GREATER MIDDLE EAST BALTIMORE WITH INSTITUTIONS AND AMENITIES THAT WILL ENCOURAGE FORMER RESIDENTS TO RETURN AND NEW RESIDENTS TO SETTLE IN THIS COMMUNITY.- REPLACING AGING, OBSOLETE, LEAD-FILLED HOUSES WITH NEW UNITS OF MIXED INCOME RENTAL AND FOR SALE HOUSING THAT MEET THE NEEDS OF TODAY'S FAMILIES.- AND IN DOING THESE THINGS, ENSURING THAT THOSE FAMILIES DIRECTLY AFFECTED BY THE REDEVELOPMENT BE TREATED MORE FAIRLY, MORE SUPPORTIVELY AND MORE RESPECTFULLY THAN HAS YET BEEN THE CASE IN PROJECTS OF THIS NATURE ACROSS THE COUNTRY.EBDI IS SUPPORTED BY PUBLIC AND PRIVATE PARTNERS, INCLUDING THE U.S. GOVERNMENT, THE STATE OF MARYLAND, THE CITY OF BALTIMORE, THE ANNIE E. CASEY FOUNDATION, JOHNS HOPKINS INSTITUTIONS, THE HARRY AND JEANETTE WEINBERG FOUNDATION, THE ATLANTIC PHILANTHROPIES AND OTHERS. WHEN COMPLETED, THE PROJECT WILL INCLUDE APPROXIMATELY 2,100 UNITS OF MIXED INCOME HOMEOWNERSHIP AND RENTAL HOUSING UNITS, 1.7 MILLION SQUARE FEET OF LIFE SCIENCES RESEARCH AND OFFICE SPACE, A NEW 7 ACRE COMMUNITY LEARNING CAMPUS WITH AN EARLY CHILDHOOD CENTER, A PUBLIC K- 8 ELEMENTARY SCHOOL, FRESH FOOD STORES AND OTHER NEIGHBORHOOD-SERVING RETAIL AMENITIES, GREEN SPACES, AND A NEW COMMUNITY LINEAR PARK.DEVELOPMENT AND CONSTRUCTION ACTIVITIES ALL INCLUDE A COMMITMENT TO SUBSTANTIVE PARTICIPATION BY LOCAL, MINORITY OWNED AND WOMEN OWNED ENTERPRISES WITH OVER $437 MILLION IN CONSTRUCTION CONTRACTS LET TO SUCH FIRMS TO-DATE, AND THE LOCAL EAST BALTIMORE WORK FORCE IS GIVEN PRIORITY ACCESS TO THE BUSINESS AND JOB OPPORTUNITIES CREATED IN THE PROJECT AREA. THE COMPLETED REVITALIZATION EFFORT IS PROJECTED TO GENERATE $1.8 BILLION OF PUBLIC/PRIVATE INVESTMENT IN THE COMMUNITY OVER 20 YEARS, WITH $1.1 BILLION INVESTED TO-DATE.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “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 & resources they need to benefit from new housing, employment, business and educational opportunities. ebdi's east baltimore initiative leverages the world-class health and research facilities that anchor and economically power the neighborhood, the city and the region.east baltimore development foundation, inc. (ebdf), a related organization, was formed in 2008 as a non-stock corporation exclusively for charitable and educational purposes to support and carry out the charitable and educational purposes of ebdi. ebdf is a type i supporting organization as defined by the irs.”.
When explaining its duties, they were described as: “To successfully attract market-oriented investment, development, population & enterprise to the east baltimore community while equipping community residents with the skills, information & resources they need to benefit from new housing, employment, business & educational opportunities.”.
- The state in which the non-profit is authorized to operate legally is MD.
- According to the filing, the address of the non-profit for the year 2020 is 1731 EAST CHASE STREET, BALTIMORE, MD, 21213.
- The non-profit has reported 7 employees on their form for the year 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$2,830,724.
- The organization has 20 independent voting members.
- The organization was formed in 2002.
- The organization pays $665,382 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.