E Warren Development Corporation is a 501(c)(3) organization based in Detroit, Michigan, registered in 2022, with $657,879 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$658K
▼ 73.3% vs prior year
Community median: $184K
Expenses (FY2024)
$2.1M
Net assets
$461K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for E Warren Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For E Warren Development Corporation: 3 mo reserves · -224% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for E Warren Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For E Warren Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $472K (FY2022) to $658K (FY2024) across 3 reported years.
Financial snapshot
Operating margin
-223.8%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$684K
Net assets
$461K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $657,879▼73.3% | $2,130,295▲233% | $461,052▼79.8% | $1,145,056▼54.2% | 990 |
| 2023 | $2,464,600▲422% | $640,615▲628% | $2,277,475▲359% | $2,500,635▲198% | 990 |
| 2022 | $471,732 | $87,990 | $495,917 | $838,769 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
6 grants to E Warren Development Corporation totaling $662K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Enterprise Community Partners Inc | Loans, grants and resource development | 2024 | $155,000 |
| Community Foundation For Southeast Michigan | Community improvement & capacity building | 2024 | $101,500 |
| Local Initiatives Support Corporation | See part iv | 2024 | $100,000 |
| Enterprise Community Partners Inc | Community development fund | 2023 | $155,000 |
| Community Foundation For Southeast Michigan | Community improvement & capacity building | 2023 | $100,000 |
| Enterprise Community Partners Inc | Community development fund | 2022 | $50,000 |
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Data for E Warren Development Corporation (EIN 84-3003783) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.