ECONOMIC DEVELOPMENT UNIT INC
Cite this
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Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).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.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Ms Cheryl Phoenix | Secretary | 2020-2025 | $145,840 | $901,671 | 1 |
| Ms Pearlie Elloie | Treasurer | 2020-2025 | $0 | $150 | 2 |
| Ms Ivory L Williams-Shelby | Board Member | 2022-2025 | $0 | $150 | 1 |
| Mr James H Raby | President | 2020-2025 | $0 | $150 | 1 |
| Mrs Lisa Y Joseph | Board Member | 2020-2025 | $0 | $150 | 1 |
| Mr Charles L Rice | Vice President | 2020-2025 | $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.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Ms Ivory L Williams (former) | Board Member | 2021 | 0 | $0 reported | 1 |
| Dr Addison Carey Jr (former) | Treasurer | 2020 | 0 | $0 reported | 1 |
| Ms Ivory Williams-Shelby (former) | Board Member | 2020 | 0 | $0 reported | 1 |
People by year
2025 · 6 people listed · 1 paid, $146K · 1 employee
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Ms Cheryl Phoenix | Secretary | 40 | $145,840 | $0 | $0 | $145,840 | 1 |
| Ms Pearlie Elloie | Treasurer | 0 | $0 | $0 | $0 | $0 | 2 |
| Ms Ivory L Williams-Shelby | Board Member | 0 | $0 | $0 | $0 | $0 | 1 |
| Mr James H Raby | President | 2 | $0 | $0 | $0 | $0 | 1 |
| Mrs Lisa Y Joseph | Board Member | 0 | $0 | $0 | $0 | $0 | 1 |
| Mr Charles L Rice | Vice President | 0 | $0 | $0 | $0 | $0 | 1 |
2024 · 6 people listed · 6 paid, $160K · 1 employee
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Ms Cheryl Phoenix | Secretary | 40 | $141,612 | $0 | $18,610 | $160,222 | 1 |
| Ms Pearlie Elloie | Treasurer | 0 | $50 | $0 | $0 | $50 | 2 |
| Ms Ivory L Williams-Shelby | Board Member | 0 | $50 | $0 | $0 | $50 | 1 |
| Mr James H Raby | President | 2 | $50 | $0 | $0 | $50 | 1 |
| Mrs Lisa Y Joseph | Board Member | 0 | $50 | $0 | $0 | $50 | 1 |
| Mr Charles L Rice | Vice President | 0 | $50 | $0 | $0 | $50 | 1 |
2023 · 6 people listed · 6 paid, $160K · 1 employee
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Ms Cheryl Phoenix | Secretary | 40 | $142,260 | $0 | $17,626 | $159,886 | 1 |
| Ms Pearlie Elloie | Treasurer | 0 | $50 | $0 | $0 | $50 | 2 |
| Ms Ivory L Williams-Shelby | Board Member | 0 | $50 | $0 | $0 | $50 | 1 |
| Mr James H Raby | President | 2 | $50 | $0 | $0 | $50 | 1 |
| Mrs Lisa Y Joseph | Board Member | 0 | $50 | $0 | $0 | $50 | 1 |
| Mr Charles L Rice | Vice President | 0 | $50 | $0 | $0 | $50 | 1 |
2022 · 6 people listed · 6 paid, $150K · 1 employee
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Ms Cheryl Phoenix | Secretary | 40 | $132,336 | $0 | $17,128 | $149,464 | 1 |
| Ms Pearlie Elloie | Treasurer | 0 | $50 | $0 | $0 | $50 | 2 |
| Ms Ivory L Williams-Shelby | Board Member | 0 | $50 | $0 | $0 | $50 | 1 |
| Mr James H Raby | President | 2 | $50 | $0 | $0 | $50 | 1 |
| Mrs Lisa Y Joseph | Board Member | 0 | $50 | $0 | $0 | $50 | 1 |
| Mr Charles L Rice | Vice President | 0 | $50 | $0 | $0 | $50 | 1 |
2021 · 6 people listed · 1 paid, $141K · 1 employee
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Ms Cheryl Phoenix | Secretary | 40 | $121,050 | $0 | $20,301 | $141,351 | 1 |
| Ms Pearlie Elloie | Treasurer | 0 | $0 | $0 | $0 | $0 | 2 |
| Ms Ivory L Williams | Board Member | 0 | $0 | $0 | $0 | $0 | 1 |
| Mr James H Raby | President | 2 | $0 | $0 | $0 | $0 | 1 |
| Mrs Lisa Y Joseph | Board Member | 0 | $0 | $0 | $0 | $0 | 1 |
| Mr Charles L Rice | Vice President | 0 | $0 | $0 | $0 | $0 | 1 |
2020 · 7 people listed · 1 paid, $145K · 1 employee
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Ms Cheryl Phoenix | Secretary | 40 | $118,650 | $0 | $26,258 | $144,908 | 1 |
| Dr Addison Carey Jr | Treasurer | 0 | $0 | $0 | $0 | $0 | 1 |
| Ms Pearlie Elloie | Board Member | 0 | $0 | $0 | $0 | $0 | 2 |
| Ms Ivory Williams-Shelby | Board Member | 0 | $0 | $0 | $0 | $0 | 1 |
| Mr James H Raby | President | 2 | $0 | $0 | $0 | $0 | 1 |
| Mrs Lisa Y Joseph | Board Member | 0 | $0 | $0 | $0 | $0 | 1 |
| Mr Charles L Rice | Vice President | 0 | $0 | $0 | $0 | $0 | 1 |
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.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2025 · Form 990 | ||||||||
| $223,743 | $185,327 | $255,263 | -$115,827 | $0 | $0 | $145,840 | 1 | - |
| 2024 · Form 990 | ||||||||
| $174,532 | $180,729 | $228,266 | -$154,243 | $156 | $0 | $141,612 | 1 | - |
| 2023 · Form 990 | ||||||||
| $232,038 | $173,996 | $254,723 | -$148,046 | $14,275 | $0 | $136,912 | 1 | - |
| 2022 · Form 990 | ||||||||
| $215,734 | $168,420 | $235,107 | -$206,088 | $19,350 | $0 | $132,336 | 1 | - |
| 2021 · Form 990 | ||||||||
| $161,841 | $159,632 | $214,981 | -$253,402 | $23,651 | $0 | $121,050 | 1 | - |
| 2020 · Form 990 | ||||||||
| $146,401 | $165,326 | $233,577 | -$282,268 | $0 | $0 | $118,650 | 1 | - |
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)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC | LA | S31 | $318,937 | $308,416 | FORMER EXECUTIVE DIRECTOR | $72,042 | Same NTEE code S31, revenue within 2x, same state, similar name |
| ST BERNARD ECONOMIC DEVELOPMENT FOUNDATION | LA | S31 | $343,130 | $369,759 | CEO | $130,500 | Same NTEE code S31, revenue within 2x, same state, similar name |
| LAFAYETTE COMMUNITY DEVELOPMENT FUND | LA | S31 | $266,887 | $267,640 | VICE CHAIR | $0 | Same NTEE code S31, revenue within 2x, same state |
| URBAN CONSERVANCY | LA | S31 | $394,590 | $427,678 | Executive Director | $101,140 | Same NTEE code S31, revenue within 2x, same state |
| BOGALUSA REBIRTH | LA | S31 | $221,515 | $231,280 | EXECUTIVE DIRECTOR | $75,938 | Same NTEE code S31, revenue within 2x, same state |
| WEST MONROE DOWNTOWN REVITALIZATION GROUP | LA | S31 | $247,849 | $224,039 | PRESIDENT | $0 | Same NTEE code S31, revenue within 2x, same state |
| CITIZENS ECONOMIC DEVELOPMENT INC | NC | S31 | $341,116 | $39,741 | Chairman | $0 | Same NTEE code S31, revenue within 2x, similar name |
| LEE COUNTY ECONOMIC DEVELOPMENT GROUP INC | IA | S31 | $427,825 | $756,824 | CHIEF EXECUT | $133,702 | Same NTEE code S31, revenue within 2x, similar name |
| SYRACUSE ECONOMIC DEVELOPMENT CORPORATION | NY | S31 | $214,549 | $983,495 | SECRETARY | $0 | Same NTEE code S31, revenue within 2x, similar mission |
| MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC | OK | S31 | $205,622 | $182,630 | CHAIRPERSON | $0 | Same NTEE code S31, revenue within 2x, similar name |
| CUSTER ECONOMIC DEVELOPMENT CORP | NE | S31 | $201,991 | $170,581 | EXECUTIVE DI | $48,000 | Same NTEE code S31, revenue within 2x, similar name |
| ALTON ECONOMIC DEVELOPMENT CORPORATION | IA | S31 | $144,570 | $588,105 | PRESIDENT | $0 | Same NTEE code S31, revenue within 2x, similar name |
| HAMILTON ECONOMIC DEVELOPMENT CORP | OH | S31 | $146,866 | $138,827 | CHAIR | $0 | Same NTEE code S31, revenue within 2x, similar name |
| RIFLE ECONOMIC DEVELOPMENT CORPORATION | CO | S31 | $185,553 | $215,209 | President | $0 | Same NTEE code S31, revenue within 2x, similar name |
| NEVADA ECONOMIC DEVELOPMENT COUNCIL INC | IA | S31 | $215,153 | $237,461 | TREASURER | $0 | Same NTEE code S31, revenue within 2x, similar name |
| SCARBOROUGH ECONOMIC DEVELOPMENT CORP | ME | S31 | $324,177 | $338,392 | EXECUTIVE DIRECTOR | $156,015 | Same NTEE code S31, revenue within 2x, similar name |
| KEOKUK ECONOMIC DEVELOPMENT CORPORATION | IA | S31 | $135,050 | $63,950 | DIRECTOR | $0 | Same NTEE code S31, revenue within 2x, similar name |
| COMMUNITY ECONOMIC DEVELOPMENT COMPANY OF COLORADO | CO | S31 | $337,440 | $327,193 | Board Member | $0 | Same NTEE code S31, revenue within 2x, similar name |
| CONYERS ROCKDALE ECONOMIC DEVELOPMENT COUNCIL INC | GA | S31 | $375,700 | $566,509 | EXEC DIRECTOR | $135,712 | Same NTEE code S31, revenue within 2x, similar name |
| WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC | MD | S31 | $155,857 | $175,529 | SECRETARY | $0 | Same NTEE code S31, revenue within 2x, similar name |
| JACKSON ECONOMIC DEVELOPMENT CORPORATION | MN | S31 | $446,302 | $138,527 | Director | $0 | Same NTEE code S31, revenue within 2x, similar name |
| HARRISON COUNTY ECONOMIC DEVELOPMENT CORPORATION | WV | S31 | $226,575 | $218,416 | DIRECTOR | $0 | Same NTEE code S31, revenue within 2x |
| GRANT COUNTY ECONOMIC DEVELOPMENT CORPORATION | KS | S31 | $211,927 | $190,849 | EXECUTIVE DIRECTOR | $82,430 | Same NTEE code S31, revenue within 2x, similar name |
| GRANT HOUSING AND ECONOMIC DEVELOPMENT CORPORATION INC | CA | S31 | $241,514 | $197,066 | President | $0 | Same NTEE code S31, revenue within 2x, similar name |
| WALTON COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC | FL | S31 | $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).
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
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $185,327 | 100% |
2024 · Form 990 · $180,729 spent · pay $171,062 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $180,729 | 100% |
2023 · Form 990 · $173,996 spent · pay $165,428 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $173,996 | 100% |
2022 · Form 990 · $168,420 spent · pay $159,594 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $168,420 | 100% |
2021 · Form 990 · $159,632 spent · pay $151,039 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $159,632 | 100% |
2020 · Form 990 · $165,326 spent · pay $155,281 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $165,326 | 100% |