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ECONOMIC DEVELOPMENT UNIT INC

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Plain text ECONOMIC DEVELOPMENT UNIT INC. furp.org, nonprofit organization profile, tax years 2020–2025. https://furp.org/org/720794863. Retrieved 2026-10-21.

APA furp.org. (n.d.). ECONOMIC DEVELOPMENT UNIT INC [Nonprofit organization profile; tax years 2020–2025]. Retrieved October 21, 2026, from https://furp.org/org/720794863

MLA “ECONOMIC DEVELOPMENT UNIT INC.” furp.org, tax years 2020–2025, https://furp.org/org/720794863. Accessed 21 Oct. 2026.

Retrieved 2026-10-21; covers tax years 2020–2025. Data: furp.org, CC BY 4.0.

2025 · Form 990 · revenue $224K · expenses $185K · assets $255K

EIN
72-0794863
Address
11448 S EASTERLYN CIR, NEW ORLEANS, LA 70128-5204
NTEE code
S31Z
Subsection
501(c)(3)
Ruling year
1984
Cross-check
ProPublica Nonprofit Explorer

Mission

Provides rental facility for a non-profit organization and assists in providing technical assistance in economic development goals.

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

6 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.

NameLatest titleYearsLatest year payTotal pay from hereOrganizations
Ms Cheryl Phoenix Secretary2020-2025 $145,840$901,671 1
Ms Pearlie Elloie Treasurer2020-2025 $0$150 2
Ms Ivory L Williams-Shelby Board Member2022-2025 $0$150 1
Mr James H Raby President2020-2025 $0$150 1
Mrs Lisa Y Joseph Board Member2020-2025 $0$150 1
Mr Charles L Rice Vice President2020-2025 $0$150 1

Officers and directors, no compensation reported

3 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

NameLatest titleYearsHrs/wk (latest)CompensationOrganizations
Ms Ivory L Williams (former) Board Member2021 0 $0 reported 1
Dr Addison Carey Jr (former) Treasurer2020 0 $0 reported 1
Ms Ivory Williams-Shelby (former) Board Member2020 0 $0 reported 1

People by year

2025 · 6 people listed · 1 paid, $146K · 1 employee
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Ms Cheryl Phoenix Secretary40 $145,840$0$0 $145,8401
Ms Pearlie Elloie Treasurer0 $0$0$0 $02
Ms Ivory L Williams-Shelby Board Member0 $0$0$0 $01
Mr James H Raby President2 $0$0$0 $01
Mrs Lisa Y Joseph Board Member0 $0$0$0 $01
Mr Charles L Rice Vice President0 $0$0$0 $01
2024 · 6 people listed · 6 paid, $160K · 1 employee
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Ms Cheryl Phoenix Secretary40 $141,612$0$18,610 $160,2221
Ms Pearlie Elloie Treasurer0 $50$0$0 $502
Ms Ivory L Williams-Shelby Board Member0 $50$0$0 $501
Mr James H Raby President2 $50$0$0 $501
Mrs Lisa Y Joseph Board Member0 $50$0$0 $501
Mr Charles L Rice Vice President0 $50$0$0 $501
2023 · 6 people listed · 6 paid, $160K · 1 employee
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Ms Cheryl Phoenix Secretary40 $142,260$0$17,626 $159,8861
Ms Pearlie Elloie Treasurer0 $50$0$0 $502
Ms Ivory L Williams-Shelby Board Member0 $50$0$0 $501
Mr James H Raby President2 $50$0$0 $501
Mrs Lisa Y Joseph Board Member0 $50$0$0 $501
Mr Charles L Rice Vice President0 $50$0$0 $501
2022 · 6 people listed · 6 paid, $150K · 1 employee
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Ms Cheryl Phoenix Secretary40 $132,336$0$17,128 $149,4641
Ms Pearlie Elloie Treasurer0 $50$0$0 $502
Ms Ivory L Williams-Shelby Board Member0 $50$0$0 $501
Mr James H Raby President2 $50$0$0 $501
Mrs Lisa Y Joseph Board Member0 $50$0$0 $501
Mr Charles L Rice Vice President0 $50$0$0 $501
2021 · 6 people listed · 1 paid, $141K · 1 employee
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Ms Cheryl Phoenix Secretary40 $121,050$0$20,301 $141,3511
Ms Pearlie Elloie Treasurer0 $0$0$0 $02
Ms Ivory L Williams Board Member0 $0$0$0 $01
Mr James H Raby President2 $0$0$0 $01
Mrs Lisa Y Joseph Board Member0 $0$0$0 $01
Mr Charles L Rice Vice President0 $0$0$0 $01
2020 · 7 people listed · 1 paid, $145K · 1 employee
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Ms Cheryl Phoenix Secretary40 $118,650$0$26,258 $144,9081
Dr Addison Carey Jr Treasurer0 $0$0$0 $01
Ms Pearlie Elloie Board Member0 $0$0$0 $02
Ms Ivory Williams-Shelby Board Member0 $0$0$0 $01
Mr James H Raby President2 $0$0$0 $01
Mrs Lisa Y Joseph Board Member0 $0$0$0 $01
Mr Charles L Rice Vice President0 $0$0$0 $01

Highest-paid independent contractors

No independent contractors reported.

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2025 · Form 990 period ending 2025-12-31 · view filing · original 990 ↗
$223,743$185,327 $255,263-$115,827 $0$0 $145,8401-
2024 · Form 990 period ending 2024-12-31 · view filing · original 990 ↗
$174,532$180,729 $228,266-$154,243 $156$0 $141,6121-
2023 · Form 990 period ending 2023-12-31 · view filing · original 990 ↗
$232,038$173,996 $254,723-$148,046 $14,275$0 $136,9121-
2022 · Form 990 period ending 2022-12-31 · view filing · original 990 ↗
$215,734$168,420 $235,107-$206,088 $19,350$0 $132,3361-
2021 · Form 990 period ending 2021-12-31 · view filing · original 990 ↗
$161,841$159,632 $214,981-$253,402 $23,651$0 $121,0501-
2020 · Form 990 period ending 2020-12-31 · view filing · original 990 ↗
$146,401$165,326 $233,577-$282,268 $0$0 $118,6501-

Funders of this organization

Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).

Similar organizations

Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)

OrganizationStateNTEELatest revenueLatest expensesTop-paid titleTop payWhy similar
ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INCLAS31 $318,937$308,416 FORMER EXECUTIVE DIRECTOR$72,042 Same NTEE code S31, revenue within 2x, same state, similar name
ST BERNARD ECONOMIC DEVELOPMENT FOUNDATIONLAS31 $343,130$369,759 CEO$130,500 Same NTEE code S31, revenue within 2x, same state, similar name
LAFAYETTE COMMUNITY DEVELOPMENT FUNDLAS31 $266,887$267,640 VICE CHAIR$0 Same NTEE code S31, revenue within 2x, same state
URBAN CONSERVANCYLAS31 $394,590$427,678 Executive Director$101,140 Same NTEE code S31, revenue within 2x, same state
BOGALUSA REBIRTHLAS31 $221,515$231,280 EXECUTIVE DIRECTOR$75,938 Same NTEE code S31, revenue within 2x, same state
WEST MONROE DOWNTOWN REVITALIZATION GROUPLAS31 $247,849$224,039 PRESIDENT$0 Same NTEE code S31, revenue within 2x, same state
CITIZENS ECONOMIC DEVELOPMENT INCNCS31 $341,116$39,741 Chairman$0 Same NTEE code S31, revenue within 2x, similar name
LEE COUNTY ECONOMIC DEVELOPMENT GROUP INCIAS31 $427,825$756,824 CHIEF EXECUT$133,702 Same NTEE code S31, revenue within 2x, similar name
SYRACUSE ECONOMIC DEVELOPMENT CORPORATIONNYS31 $214,549$983,495 SECRETARY$0 Same NTEE code S31, revenue within 2x, similar mission
MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INCOKS31 $205,622$182,630 CHAIRPERSON$0 Same NTEE code S31, revenue within 2x, similar name
CUSTER ECONOMIC DEVELOPMENT CORPNES31 $201,991$170,581 EXECUTIVE DI$48,000 Same NTEE code S31, revenue within 2x, similar name
ALTON ECONOMIC DEVELOPMENT CORPORATIONIAS31 $144,570$588,105 PRESIDENT$0 Same NTEE code S31, revenue within 2x, similar name
HAMILTON ECONOMIC DEVELOPMENT CORPOHS31 $146,866$138,827 CHAIR$0 Same NTEE code S31, revenue within 2x, similar name
RIFLE ECONOMIC DEVELOPMENT CORPORATIONCOS31 $185,553$215,209 President$0 Same NTEE code S31, revenue within 2x, similar name
NEVADA ECONOMIC DEVELOPMENT COUNCIL INCIAS31 $215,153$237,461 TREASURER$0 Same NTEE code S31, revenue within 2x, similar name
SCARBOROUGH ECONOMIC DEVELOPMENT CORPMES31 $324,177$338,392 EXECUTIVE DIRECTOR$156,015 Same NTEE code S31, revenue within 2x, similar name
KEOKUK ECONOMIC DEVELOPMENT CORPORATIONIAS31 $135,050$63,950 DIRECTOR$0 Same NTEE code S31, revenue within 2x, similar name
COMMUNITY ECONOMIC DEVELOPMENT COMPANY OF COLORADOCOS31 $337,440$327,193 Board Member$0 Same NTEE code S31, revenue within 2x, similar name
CONYERS ROCKDALE ECONOMIC DEVELOPMENT COUNCIL INCGAS31 $375,700$566,509 EXEC DIRECTOR$135,712 Same NTEE code S31, revenue within 2x, similar name
WATSON ECONOMIC DEVELOPMENT ASSOCIATES INCMDS31 $155,857$175,529 SECRETARY$0 Same NTEE code S31, revenue within 2x, similar name
JACKSON ECONOMIC DEVELOPMENT CORPORATIONMNS31 $446,302$138,527 Director$0 Same NTEE code S31, revenue within 2x, similar name
HARRISON COUNTY ECONOMIC DEVELOPMENT CORPORATIONWVS31 $226,575$218,416 DIRECTOR$0 Same NTEE code S31, revenue within 2x
GRANT COUNTY ECONOMIC DEVELOPMENT CORPORATIONKSS31 $211,927$190,849 EXECUTIVE DIRECTOR$82,430 Same NTEE code S31, revenue within 2x, similar name
GRANT HOUSING AND ECONOMIC DEVELOPMENT CORPORATION INCCAS31 $241,514$197,066 President$0 Same NTEE code S31, revenue within 2x, similar name
WALTON COUNTY ECONOMIC DEVELOPMENT ALLIANCE INCFLS31 $393,520$231,950 EXECUTIVE DIRECTOR$0 Same NTEE code S31, revenue within 2x, similar name

Who funds organizations like this

Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

GrantorTypeTotal givenGrantsOrganizations fundedYearsWhich ones
W K KELLOGG FOUNDATION Private foundation$5,114,65020 22009–2022 INSIGHT CENTER FOR COMMUNITY ECONOMIC DEVELOPMENT; STRATEGIC ALLIANCE COMMUNITY DEVELOPMENT CORPORATION
FORD FOUNDATION Private foundation$3,400,00011 12009–2017 INSIGHT CENTER FOR COMMUNITY ECONOMIC DEVELOPMENT
HORIZON COMMUNITY FUNDS OF NORTHERN KENTUCKY INC DAF sponsor$1,506,4004 12018–2023 URBAN COMMUNITY DEVELOPERS INC
JUNEAU COMMUNITY FOUNDATION DAF sponsor$1,280,6158 12011–2024 ALASKA DEVELOPMENT CORPORATION
THE CALIFORNIA ENDOWMENT Private foundation$1,092,85512 12009–2021 INSIGHT CENTER FOR COMMUNITY ECONOMIC DEVELOPMENT
CONRAD N HILTON FOUNDATION Private foundation$960,0005 22019–2022 INSIGHT CENTER FOR COMMUNITY ECONOMIC DEVELOPMENT; BETHEL LA COMMUNITY DEVELOPMENT CORPORATION
SAN FRANCISCO FOUNDATION DAF sponsor$782,4008 12010–2021 INSIGHT CENTER FOR COMMUNITY ECONOMIC DEVELOPMENT
DONOR ADVISED CHARITABLE GIVING DAF sponsor$543,00015 32014–2024 BURUNDI DEVELOPMENT INITIATIVES; SHILOH COMMUNITY DEVELOPMENT CORPORATION; CUSTER ECONOMIC DEVELOPMENT CORP
SOUTH DAKOTA COMMUNITY FOUNDATION DAF sponsor$475,0727 12013–2024 LEMMON AREA CHARITABLE AND ECONOMIC DEVELOPMENT CORPORATION
COMMUNITY FOUNDATION OF GREATER JOHNSTOWN DAF sponsor$471,6595 12014–2018 JOHNSTOWN INDUSTRIAL DEVELOPMENT CORPORATION
JPMORGAN CHASE FOUNDATION Private foundation$445,1008 32010–2020 INSIGHT CENTER FOR COMMUNITY ECONOMIC DEVELOPMENT; UJAMAA COMMUNITY DEVELOPMENT CORPORATION; FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC
HAMILTON COMMUNITY FOUNDATION INC DAF sponsor$419,4956 12015–2024 HAMILTON ECONOMIC DEVELOPMENT CORP
NATIONAL CHRISTIAN CHARITABLE FOUNDATION DAF sponsor$382,8287 22017–2024 STONE COMMUNITY DEVELOPMENT CORPORATION NFP; BARRON COUNTY ECONOMIC DEVELOPMENT CORPORATION
THE GREATER NEW ORLEANS FOUNDATION DAF sponsor$381,69315 32013–2024 URBAN CONSERVANCY; ST BERNARD ECONOMIC DEVELOPMENT FOUNDATION; ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC
BANK OF AMERICA CHARITABLE FOUNDATION INC Private foundation$339,85117 42012–2022 FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC; FORT WORTH PROMOTION AND DEVELOPMENT FUND; SUMTER COUNTY COMMUNITY DEVELOPMENT CORPORATION INC; EAST FALLS DEVELOPMENT CORPORATION

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2025 · Form 990 · $185,327 spent · pay $177,386 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $145,840-$145,840- 78.7%
Pension plan contributions $13,776-$13,776- 7.4%
Payroll taxes $11,164-$11,164- 6.0%
Other employee benefits $6,606-$6,606- 3.6%
Other (as described)Telephone $2,516-$2,516- 1.4%
Fees: accounting $1,457-$1,457- 0.8%
Other (as described)Miscellaneous $1,383-$1,383- 0.7%
Other (as described)Board meeting expenses $1,252-$1,252- 0.7%
Other (as described)Supplies $1,139-$1,139- 0.6%
Travel $194-$194- 0.1%
Total$185,327100%

View the filing

2024 · Form 990 · $180,729 spent · pay $171,062 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $141,612-$141,612- 78.4%
Pension plan contributions $13,380-$13,380- 7.4%
Payroll taxes $10,840-$10,840- 6.0%
Other employee benefits $5,230-$5,230- 2.9%
Other (as described)Telephone $3,222-$3,222- 1.8%
Other (as described)Miscellaneous $1,720-$1,720- 1.0%
Other (as described)Supplies $1,542-$1,542- 0.9%
Other (as described)Board meeting expenses $1,521-$1,521- 0.8%
Fees: accounting $1,447-$1,447- 0.8%
Travel $210-$210- 0.1%
All other expenses $5-$5- 0.0%
Total$180,729100%

View the filing

2023 · Form 990 · $173,996 spent · pay $165,428 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $136,912-$136,912- 78.7%
Pension plan contributions $12,900-$12,900- 7.4%
Payroll taxes $10,890-$10,890- 6.3%
Other employee benefits $4,726-$4,726- 2.7%
Other (as described)Telephone $3,325-$3,325- 1.9%
Fees: accounting $1,429-$1,429- 0.8%
Other (as described)Board meeting expenses $1,352-$1,352- 0.8%
Other (as described)Miscellaneous $1,295-$1,295- 0.7%
Other (as described)Supplies $693-$693- 0.4%
All other expenses $280-$280- 0.2%
Travel $194-$194- 0.1%
Total$173,996100%

View the filing

2022 · Form 990 · $168,420 spent · pay $159,594 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $132,336-$132,336- 78.6%
Pension plan contributions $12,300-$12,300- 7.3%
Payroll taxes $10,130-$10,130- 6.0%
Other employee benefits $4,828-$4,828- 2.9%
Other (as described)Telephone $2,391-$2,391- 1.4%
Other (as described)Consultant fees $1,960-$1,960- 1.2%
Other (as described)Miscellaneous $1,315-$1,315- 0.8%
Fees: accounting $1,282-$1,282- 0.8%
Other (as described)Supplies $1,278-$1,278- 0.8%
All other expenses $600-$600- 0.4%
Total$168,420100%

View the filing

2021 · Form 990 · $159,632 spent · pay $151,039 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $121,050-$121,050- 75.8%
Pension plan contributions $11,520-$11,520- 7.2%
Payroll taxes $9,267-$9,267- 5.8%
Other employee benefits $9,202-$9,202- 5.8%
Other (as described)Telephone $2,574-$2,574- 1.6%
Other (as described)Consultant fees $2,520-$2,520- 1.6%
Other (as described)Miscellaneous $1,231-$1,231- 0.8%
Other (as described)Supplies $1,153-$1,153- 0.7%
Fees: accounting $1,115-$1,115- 0.7%
Total$159,632100%

View the filing

2020 · Form 990 · $165,326 spent · pay $155,281 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $118,650-$118,650- 71.8%
Other employee benefits $16,387-$16,387- 9.9%
Pension plan contributions $11,160-$11,160- 6.8%
Payroll taxes $9,084-$9,084- 5.5%
Other (as described)Consultant fees $3,642-$3,642- 2.2%
Other (as described)Telephone $2,774-$2,774- 1.7%
Other (as described)Miscellaneous $1,252-$1,252- 0.8%
Fees: accounting $1,084-$1,084- 0.7%
Other (as described)Supplies $727-$727- 0.4%
All other expenses $566-$566- 0.3%
Total$165,326100%

View the filing