Anacostia Economic Development Corporation

Organization Overview

Anacostia Economic Development Corporation is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Anacostia Economic Development Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anacostia Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Anacostia Economic Development Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $637.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE THE ECONOMIC,WELFARE,EDUCATIONAL AND SOCIAL LEVELS OF RESIDENTS AND THE OVERALL ECONOMIC DEVELOPMENT NEEDS OF THE ANACOSTIA/FAR SOUTHEAST AREAS OF WASHINGTON, D.C.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DHCD SMALL BUSINESS PROVIDES TECHNICAL SUPPORT TO SMALL BUSINESSES IN WARD 7 AND 8.


FACADE IMPROVEMENTS - HISTORICAL FACADES


PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESS AS DEFINE BY SMALL BUSINESS ADMINISTRATION STARTING AND CONTINUOUS BUSINESSES WHICH IS LOCATED IN THE ANACOSTIA SOUTHEAST CORRIDOR.


DEVELOPE,PROMOTE AND PARTICIPATE IN THE REVITALIZATION OF COMMERCIAL NEIGHBORHOODS AND FACILITIES BY RETAIL JOBS AND BRINGING QUALITY RETAIL SERVICE TO THE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Stanley Jackson
President/ceo
$27,003
Stephanie Howard
Chairperson
$0
Adriane Lowrie
Secretary
$0
Graylin Presbury
Member
$0
Cindy Athey
Member
$0
Stan Voudrie
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $304,398
All other contributions, gifts, grants, and similar amounts not included above$54,893
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$359,291
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,120,626

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Anacostia Economic Development Corporation has recieved totaling $166,363.

Awarding OrganizationAmount
Howard University

Washington, DC

PURPOSE: SUPPORT RESEARCH & EDUCATION

$166,363
View Grant Recipient Profile

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