Economic Development Unit Inc
Revenue
$224k
year to 31 December 2025
Expenses
$185k
year to 31 December 2025
Total assets
$255k
$371k liabilities
Net assets
Minus $116k
assets less liabilities
Directors and trustees
6
6.4y av
Staff
1
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Voting members
6
reported in Part VI
Economic Development Unit Inc's network
6 peoplei6 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Mr Charles L Rice | Vice President | 2020 | 6 yrs |
| Mr James H Raby | President | 2020 | 6 yrs |
| Mrs Lisa Y Joseph | Board Member | 2020 | 6 yrs |
| Ms Cheryl Phoenix | Company secretary | 2020 | 6 yrs |
| Ms Ivory L Williams-Shelby (also filed as Ms Ivory Williams-Shelby) | Board Member | 2020 | 6 yrs |
| Ms Pearlie Elloie | Treasurer | 2020 | 6 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Ms Cheryl Phoenix | Secretary | 40 | $146k | ||
| Ms Pearlie Elloie | Treasurer | 0.25 | $0 | ||
| Ms Ivory L Williams-Shelby | Board Member | 0.25 | $0 | ||
| Mr James H Raby | President | 2 | $0 | ||
| Mrs Lisa Y Joseph | Board Member | 0.25 | $0 | ||
| Mr Charles L Rice | Vice President | 0.25 | $0 |
About
- Legal name
- Economic Development Unit Inc
- EIN
- 720794863
- Address
- 11448 S Easterlyn Cir, New Orleans, LA, 70128-5204
- State
- Louisiana
- Mission
- Provides rental facility for a non-profit organization and assists in providing technical assistance in economic development goals. (as filed on the Form 990)
- Activity (NTEE)
- S31Z Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 4 (IRS master file code)
- Formed
- 1976
- Principal officer
- Ms Cheryl Phoenix (as named on the Form 990)
- IRS ruling date
- 1 September 1984
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 4, latest 2023
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥6years on the filingsMr Charles L Rice
≥6years on the filingsMr James H Raby
≥6years on the filingsMrs Lisa Y Joseph
≥6years on the filingsMs Cheryl Phoenix
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $255k
- Total liabilities
- $371k
- Net assets or fund balances
- Minus $116k
- Contributions and grants received
- $0
- Program service revenue
- $0
- Employees
- 1