2026-07-21T16:18:49-05:00 2025-12-31 271181547 DUNCAN ASHE PA 7900 MCCLOUD RD SUITE 101 GREENSBORO NC 27409 990 2025-01-01 562039492 EAST MARKET STREET DEVELOPMENT CORPORATION EAST 3362751101 601-B EAST MARKET STREET GREENSBORO NC 27401 MACARTHUR SIMS EXECUTIVE DIRECTOR 3362751101 2026-07-21 1 W BARTH ASHE P01361072 3362856510 2026-07-21 2025 2025-03-06 01:10:19Z EAST GREENSBORO NOW MACARTHUR SIMS 601-B EAST MARKET STREET GREENSBORO NC 27401 631934 0 X N/A X 1997 NC EAST MARKET STREET DEVELOPMENT CORPORATION (EMSDC) IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION DEDICATED TO ADVANCING ECONOMIC AND COMMUNITY DEVELOPMENT IN EAST GREENSBORO, NORTH CAROLINA. AS THE AREA'S LEAD ECONOMIC AND COMMUNITY DEVELOPMENT ORGANIZATION, EMSDC WORKS TO EXPAND ECONOMIC OPPORTUNITY AND IMPROVE RESIDENTS' QUALITY OF LIFE THROUGH EQUITABLE REVITALIZATION INITIATIVES. ITS PROGRAMS INCLUDE AFFORDABLE HOUSING DEVELOPMENT, ENTREPRENEURSHIP AND SMALL BUSINESS TRAINING, MINORITY BUSINESS DEVELOPMENT, HEALTHY NEIGHBORHOOD INITIATIVES, AND TARGETED COMMERCIAL INVESTMENT IN HISTORICALLY UNDER-RESOURCED COMMUNITIES. BY PARTNERING WITH RESIDENTS, BUSINESSES, AND COMMUNITY STAKEHOLDERS, EMSDC STRENGTHENS NEIGHBORHOODS, SUPPORTS LOCAL ENTREPRENEURS, ATTRACTS INVESTMENT, AND PROMOTES SUSTAINABLE ECONOMIC GROWTH THAT BENEFITS EAST GREENSBORO AND ITS RESIDENTS. 16 16 3 0 233901 0 861797 228666 263202 352877 33 28465 4730 4998 1129762 615006 0 0 0 0 226144 234875 0 25572 42010 338273 404422 564417 664869 565345 -49863 2636560 2518582 1935024 1866909 701536 651673 X EMSDC (D/B/A EAST GREENSBORO NOW) IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION DEDICATED TO ADVANCING ECONOMIC AND COMMUNITY DEVELOPMENT IN EAST GREENSBORO, NORTH CAROLINA. AS THE AREA'S LEAD ECONOMIC AND COMMUNITY DEVELOPMENT ORGANIZATION, EAST GREENSBORO NOW WORKS TO EXPAND ECONOMIC OPPORTUNITY AND IMPROVE RESIDENTS' QUALITY OF LIFE THROUGH EQUITABLE REVITALIZATION INITIATIVES. ITS PROGRAMS INCLUDE AFFORDABLE HOUSING DEVELOPMENT, ENTREPRENEURSHIP AND SMALL BUSINESS TRAINING, MINORITY BUSINESS DEVELOPMENT, HEALTHY NEIGHBORHOOD INITIATIVES, AND TARGETED COMMERCIAL INVESTMENT IN HISTORICALLY UNDER-RESOURCED COMMUNITIES. BY PARTNERING WITH RESIDENTS, BUSINESSES, AND COMMUNITY STAKEHOLDERS, EAST GREENSBORO NOW STRENGTHENS NEIGHBORHOODS, SUPPORTS LOCAL ENTREPRENEURS, ATTRACTS INVESTMENT, AND PROMOTES SUSTAINABLE ECONOMIC GROWTH THAT BENEFITS EAST GREENSBORO AND ITS RESIDENTS. 0 0 325279 101623 DEVELOP AND MARKET IDENTIFIED COMMERCIAL SITES TO ATTRACT NEEDED BUSINESSES IN THE CORRIDOR; DEVELOP SYSTEMS AND PROCESSES THAT EFFECTIVELY PROVIDE APPROPRIATE REVITALIZATION PROGRAMS FOR EAST GREENSBORO. 251662 252771 MAINTENANCE AND DEVELOPMENT/UPKEEP OF OWNED PROPERTIES IN TARGET DEVELOPMENT AREAS. 576941 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 3 1 1 1 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X MACARTHUR SIMS 3362751101 601-B EAST MARKET STREET GREENSBORO NC 27401 MACARTHUR SIMS EXECUTIVE DIRECTOR 40.00 X X 100000 0 0 ANDRENA COLEMAN CHAIRMAN 0.50 X 0 0 0 CARL W BROWER JR VICE CHAIRMAN 0.50 X 0 0 0 LADANIEL GATLING II TREASURER 0.25 X 0 0 0 CHARLENE Y ARMSTRONG SECRETARY 0.25 X 0 0 0 SHARON HIGHTOWER DIRECTOR 0.25 X 0 0 0 G MARK PRINCE DIRECTOR 0.25 X 0 0 0 J BRENT CHRISTENSEN DIRECTOR 0.25 X 0 0 0 TIMOTHY MINOR DIRECTOR 0.25 X 0 0 0 FRANKIE JONES DIRECTOR 0.25 X 0 0 0 GOLDIE WELLS DIRECTOR 0.25 X 0 0 0 ERNESTINE SURGEON DIRECTOR 0.25 X 0 0 0 RODVEGAS INGRAM DIRECTOR 0.25 X 0 0 0 PHANALPHIE RHUE DIRECTOR 0.25 X 0 0 0 JAY JUNG DIRECTOR 0.25 X 0 0 0 BETTY WATSON DIRECTOR 0.25 X 0 0 0 100000 0 0 0 0 0 0 0 50000 178666 228666 APARTMENT RENTALS 531110 251254 18870 232384 BUSINESS DEVELOPMENT P 531110 101623 101623 352877 15393 15393 30000 16928 13072 13072 13072 OTHER REVENUE 900099 4998 1517 3481 4998 615006 133565 233901 18874 100000 80000 10000 10000 111805 99729 12076 6224 5913 311 16846 14371 1710 765 14877 14877 25572 25572 7810 7810 15288 14113 1003 172 129898 123427 3400 3071 1175 1175 31192 31192 53992 53992 10668 10221 265 182 ECONOMIC DEVELOPMENT 137963 135053 1080 1830 MISCELLANEOUS 645 252 393 NEIGHBORHOOD SUPPORT SE 365 365 PENALTIES 283 283 266 220 21 25 664869 576941 45918 42010 728383 136330 66228 497412 25000 2292412 570851 1662633 1721561 154316 163279 2636560 2518582 21942 13274 1894652 1835125 18430 18510 1935024 1866909 X -7473 88035 709009 563638 701536 651673 2636560 2518582 -49863 0 X X 0 1 X 1 0 X 192858 189159 354826 861797 330289 1928929 192858 189159 354826 861797 330289 1928929 1928929 38 29 19 33 15393 15512 202262 210702 219672 241202 251254 1125092 3069533 136549 0.62840 0.63170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69046 69046 205473 2009293 562761 1652005 8600 8090 510 1721561 RESTRICTED DEPOSITS 163279 163279 TENANT SECURITY DEPOSITS 18510 18510 X 615006 0 615006 0 615006 664869 0 664869 0 664869 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION IS REQUIRED TO FILE FORM 990 ANNUALLY TO RETAIN ITS TAX-EXEMPT STATUS. THE CORPORATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 REQUIRES THE CORPORATION TO ASSESS POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN WHERE THERE IS UNCERTAINTY ABOUT WHETHER THE TAX POSITION WILL ULTIMATELY BE SUSTAINED UPON EXAMINATION. THE CORPORATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS THAT MEET THE CRITERIA UNDER ASC 740-10. THE CORPORATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY FEDERAL TAXING AUTHORITIES. THE CORPORATION'S OPEN AUDIT PERIODS ARE 2021-2023. TO DATE, THE CORPORATION HAS NOT UNDERGONE ANY EXAMINATIONS BY APPLICABLE TAXING AUTHORITIES. X X X X X X X 1 THE MCKIEVER GROUP CREATIVE COMPANY 1445 SKEET CLUB RD HIGH POINT NC 27265 PROFESSIONAL FUNDRAISING AND DEVELOPMENT SERVICES FOR $2.6M 0 60000 25572 34428 60000 25572 34428 NC SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE ORGANIZATION HIRED A FIRM TO MANAGE THE 2025 CAPITAL CAMPAIGN. FORM 990, PART VI, SECTION A, LINE 8B WHILE BOARD MEETING MINUTES ARE KEPT, CLOSED DOOR SESSIONS AND COMMITTEE MEETINGS ARE NOT INCLUDED IN THE CONTEMPORANEOUS DOCUMENTATION. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 IS CONDUCTED BY THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C REVIEWED AND ENFORCED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DISCUSSES COMPENSATION AMONGST THEMSELVES AND COMPARES THE SALARIES TO OTHER NON PROFIT ORGANIZATIONS IN THE AREA. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: PROCESS FOR COMMITTEE ASSUMING RESPONSIBILITY FOR OVERSIGHT OF AUDIT HAS REMAINED THE SAME AS IN THE PRIOR YEAR.