Economic Development Unit Inc

New Orleans, LA
Tax-exempt since Sept. 1984
EIN: 72-0794863

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are not tax deductible.

Revenue

$232k (2023)

Expenses

$174k (2023)

Total Assets

$255k (2023)

Total Liabilities

$403k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$232,038

Expenses

$173,996

Net Income

$58,042

Net Assets

-$148,046

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$14,275	6.2%
Program Services	$0
Investment Income	$10	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$201,866	87.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,887	6.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$136,912	78.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$254,723
Total Liabilities	$402,769
Net Assets	-$148,046

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Cheryl Phoenix (Secretary)	$142,260	$0	$17,626
Ms Pearlie Elloie (Treasurer)	$50	$0	$0
Ms Ivory L Williams Shelby (Board Member)	$50	$0	$0
Mr James H Raby (President)	$50	$0	$0
Mrs Lisa Y Joseph (Board Member)	$50	$0	$0
Mr Charles L Rice (Vice President)	$50	$0	$0

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990

Filed on April 24, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$215,734

Expenses

$168,420

Net Income

$47,314

Net Assets

-$206,088

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$19,350	9.0%
Program Services	$0
Investment Income	$12	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$173,151	80.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$23,221	10.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$132,336	78.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$235,107
Total Liabilities	$441,195
Net Assets	-$206,088

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Cheryl Phoenix (Secretary)	$132,336	$0	$17,128
Ms Pearlie Elloie (Treasurer)	$50	$0	$0
Ms Ivory L Williams Shelby (Board Member)	$50	$0	$0
Mr James H Raby (President)	$50	$0	$0
Mrs Lisa Y Joseph (Board Member)	$50	$0	$0
Mr Charles L Rice (Vice President)	$50	$0	$0

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990

Filed on May 4, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$161,841

Expenses

$159,632

Net Income

$2,209

Net Assets

-$253,402

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$23,651	14.6%
Program Services	$0
Investment Income	$19	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$128,571	79.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	5.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$121,050	75.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$214,981
Total Liabilities	$468,383
Net Assets	-$253,402

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Cheryl Phoenix (Secretary)	$121,050	$0	$20,301
Ms Pearlie Elloie (Treasurer)	$0	$0	$0
Ms Ivory L Williams (Board Member)	$0	$0	$0
Mr James H Raby (President)	$0	$0	$0
Mrs Lisa Y Joseph (Board Member)	$0	$0	$0
Mr Charles L Rice (Vice President)	$0	$0	$0

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990

Filed on April 5, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$146,401

Expenses

$165,326

Net Income

-$18,925

Net Assets

-$282,268

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$33	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$136,768	93.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	6.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$118,650	71.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$233,577
Total Liabilities	$515,845
Net Assets	-$282,268

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Cheryl Phoenix (Secretary)	$118,650	$0	$26,258
Dr Addison Carey Jr (Treasurer)	$0	$0	$0
Ms Pearlie Elloie (Board Member)	$0	$0	$0
Ms Ivory Williams Shelby (Board Member)	$0	$0	$0
Mr James H Raby (President)	$0	$0	$0
Mrs Lisa Y Joseph (Board Member)	$0	$0	$0
Mr Charles L Rice (Vice President)	$0	$0	$0

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990

Filed on April 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$159,741

Expenses

$157,865

Net Income

$1,876

Net Assets

-$263,343

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$740	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$149,401	93.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	6.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$113,312	71.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$232,987
Total Liabilities	$496,330
Net Assets	-$263,343

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$157,388

Expenses

$149,687

Net Income

$7,701

Net Assets

-$265,219

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$13,248	8.4%
Program Services	$0
Investment Income	$87	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$115,206	73.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$28,847	18.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$106,954	71.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$263,087
Total Liabilities	$528,306
Net Assets	-$265,219

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$188,868

Expenses

$129,427

Net Income

$59,441

Net Assets

-$272,920

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$44,528	23.6%
Program Services	$0
Investment Income	$92	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$134,648	71.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	5.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,128	69.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$334,083
Total Liabilities	$607,003
Net Assets	-$272,920

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$137,933

Expenses

$111,051

Net Income

$26,882

Net Assets

-$217,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$22	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$128,311	93.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	7.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$79,602	71.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$238,228
Total Liabilities	$455,270
Net Assets	-$217,042

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$124,790

Expenses

$111,240

Net Income

$13,550

Net Assets

-$243,924

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,034	20.9%
Program Services	$0
Investment Income	$27	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$89,129	71.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	7.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$80,250	72.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$222,083
Total Liabilities	$466,007
Net Assets	-$243,924

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$80,701

Expenses

$104,334

Net Income

-$23,633

Net Assets

-$257,474

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$41	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$70,174	87.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10,486	13.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$71,081	68.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$222,417
Total Liabilities	$479,891
Net Assets	-$257,474

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$69,728

Expenses

$97,815

Net Income

-$28,087

Net Assets

-$233,841

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$515	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$59,613	85.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	13.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$68,253	69.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$262,823
Total Liabilities	$496,664
Net Assets	-$233,841

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$262,709

Expenses

$214,970

Net Income

$47,739

Net Assets

-$205,754

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$123,568	47.0%
Program Services	$0
Investment Income	$320	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$129,221	49.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	3.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$66,249	30.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$287,984
Total Liabilities	$493,738
Net Assets	-$205,754

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$396,911

Expenses

$1,001,819

Net Income

-$604,908

Net Assets

-$253,493

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$311,033	78.4%
Program Services	$0
Investment Income	$341	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$75,937	19.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,600	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$56,113	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$299,160
Total Liabilities	$552,653
Net Assets	-$253,493

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated December 20, 2024

Economic Development Unit Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $232k (2023)

Expenses $174k (2023)

Total Assets $255k (2023)

Total Liabilities $403k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

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Fiscal Year Ending Dec. 2018

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Fiscal Year Ending Dec. 2017

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Fiscal Year Ending Dec. 2016

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Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Revenue

$232k (2023)

Expenses

$174k (2023)

Total Assets

$255k (2023)

Total Liabilities

$403k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

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2005

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2004

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2003

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2002

Fiscal Year Ending Dec.
2001