Brentwood Economic Development Corp Dba Economic Development South Inc
Nonprofit profile at a glance
- EIN
- 251780107
- IRS 990 coverage
- 2015–2020
- Forms available
- Form 990 2020
- Location
- Pittsburgh, PA, USA
- Phone
- 4128841400
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
Reported finances
- Revenue
- $1,234,901
- Expenses
- $906,838
- Assets
- $173,411
- Liabilities
- $92,845
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JOEY-LINN ULRICH (EXECUTIVE DIRECTOR)
Highest reported compensation
- JOEY-LINN ULRICH (EXECUTIVE DIRECTOR): $100,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Economic development south (eds) is a multi-municipal, corridor-based community development corporation that encompasses a significant portion of the south pittsburgh/south hills region of allegheny county. Combined, our communities total nearly 13,000 residents and over 4,000 businesses.our coalition of communities have come together to positively impact our shared commercial corridors - route 51 (saw mill run blvd.) and brownsville road, most notably. This approach is the thread that binds our communities together - based on a shared interest and benefit in the redevelopment and revitalization of these commercial and transportation corridors.
What it reported doing in 2020
Grant pass throughs for accbo $16,440 and forbes fund $33,000 and miscellaneous programs.
Operating model
- Revenue model
- Grant-funded. 96% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 62
- Sustainability: 45
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66%; rating input score 66
- Program expense ratio: 89.9%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26.6%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 11%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 22.3% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: -6.1% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 66% of revenue deployed · 89.9% of spending went to programs
- Governance: 4 of 5 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $815K in reported program spending
- Leadership: top reported pay $100K · 8 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2015 to 2020
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.