Nonprofit · EIN 38-3445097
COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN
Tax-exempt · LANSING, MI 48910
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $9,586,566 | $9,382,775 | $203,791 | $4,480,938 | $2,048,808 | $2,432,130 |
| September 30, 2024 | 990 | $5,164,060 | $5,162,504 | $1,556 | $4,990,698 | $2,848,972 | $2,141,726 |
| September 30, 2023 | 990 | $3,268,290 | $3,190,424 | $77,866 | $3,086,019 | $1,044,568 | $2,041,451 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $8,315,007
- of which government grants
- $7,730,007
- Program service revenue
- $1,204,610
- Investment income
- $49,828
- Net gain from sales of assets
- -$7,111
- Other revenue
- $17,121
Expenses
- Grants and similar amounts paid
- $1,931,342
- Compensation of officers, directors and key employees
- $100,939
- Other salaries and wages
- $4,505,909
- Salaries, compensation and benefits (total)
- $5,445,204
- Professional fundraising fees
- $0
- Accounting fees
- $41,867
- Occupancy
- $51,783
- Depreciation
- $5,966
- Program services (functional)
- $7,926,205
- Management and general (functional)
- $1,456,570
Balance sheet and other
- Total assets, start of year
- $4,990,698
- Total assets, end of year
- $4,480,938
- Total liabilities, end of year
- $2,048,808
- Net assets, end of year
- $2,432,130
- Land, buildings and equipment
- $85,417
- Publicly traded securities
- $1,807,460
- Net assets without donor restrictions
- $2,432,130
- Gross receipts
- $9,593,677
- Employees
- 146
- Volunteers
- 100
- Year formed
- 1998
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUKE FORREST | EXECUTIVE DIRECTOR (ENDED 1/10/25) Officer | 40 | $147,215 | $9,932 |
| RACHEL DISKIN | DIR.& CHEIF TALENT OFFR.(ENDED 3/25) Highest-paid employee | 40 | $111,467 | $18,093 |
| BENJAMIN DOWD | DEPUTY DIRECTOR & COO Highest-paid employee | 40 | $108,027 | $19,551 |
| MADELEINE MARCH-MEENAGH | DIRECTOR OF ECONOMIC INITIATIVES Highest-paid employee | 40 | $103,420 | $21,786 |
| AARON COOPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAWLEY VAN FOSSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE MCGREGOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMEKA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CJ FELTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PENNY PAYEA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANA CHRISTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOPE LOVELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN STIMSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZOSIA EPPENSTEINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD MICHAUD | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN KIELER | DIRECTOR (ENDED 3/25) Trustee or director | 1 | $0 |
| YELENA RAMAUTAR | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE DISTELRATH | DIRECTOR Trustee or director | 1 | $0 |
| LIBBY PALACKDHARRY | SECRETARY/VICE PRESNIDENT Trustee or director, Officer | 1 | $0 |
| DEAMO MURPHY | DIRECTOR/ SECRETARY Trustee or director, Officer | 1 | $0 |
| ANGELA AARON-BENIFIELD | TREASURER Trustee or director, Officer | 1 | $0 |
| ESSENCE WILSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDDIE FAKHOURY | EXECUTIVE DIRECTOR Officer | 1 | $0 |
990 for the year ended September 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUKE FORREST | EXECUTIVE DIRECTOR Officer | 40 | $131,724 | $39,963 |
| YOLANDA JACKSON | DIRECTOR (ENDED 5/24) Trustee or director | 1 | $0 | $0 |
| BRION EDWARDS | DIRECTOR (ENDED 5/24) Trustee or director | 1 | $0 | $0 |
| BARBARA SISTRUNK | DIRECTOR (ENDED 5/24) Trustee or director | 1 | $0 | $0 |
| CJ FELTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PENNY PAYEA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEAMO MURPHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANA CHRISTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOPE LOVELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN STIMSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZOSIA EPPENSTEINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD MICHAUD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN KIELER | DIRECTOR (STARTED 6/24) Trustee or director | 1 | $0 | $0 |
| YELENA RAMAUTAR | DIRECTOR (STARTED 6/24) Trustee or director | 1 | $0 | $0 |
| CATHERINE DISTELRATH | DIRECTOR (STARTED 6/24) Trustee or director | 1 | $0 | $0 |
| LIBBY PALACKDHARRY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA AARON-BENIFIELD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ESSENCE WILSON | VP(ENDED 5/24)/PRESIDENT (STARTED 6/24) Trustee or director, Officer | 1 | $0 | $0 |
| RAWLEY VAN FOSSEN | PRESIDENT (ENDED 5/24) Trustee or director, Officer | 1 | $0 | $0 |
| CHARLOTTE SMITH | PAST PRESIDENT (ENDED 5/24) Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUKE FORREST | EXECUTIVE DIRECTOR Officer | 40 | $140,361 | $53,362 |
| CJ FELTON | DIRECTOR (STARTED 6/23) Trustee or director | 1 | $0 | $0 |
| LISA EVANS | DIRECTOR (STARTED 6/23) Trustee or director | 1 | $0 | $0 |
| YOLANDA JACKSON | DIRECTOR (STARTED 6/23) Trustee or director | 1 | $0 | $0 |
| PENNY PAYEA | DIRECTOR (STARTED 6/23) Trustee or director | 1 | $0 | $0 |
| DEAMO MURPHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRION EDWARDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANA CHRISTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOPE LOVELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA SISTRUNK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN STIMSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZOSIA EPPENSTEINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD MICHAUD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINE BELL | DIRECTOR (ENDED 5/23) Trustee or director | 1 | $0 | $0 |
| LUAN NGUYEN | DIRECTOR (ENDED 5/23) Trustee or director | 1 | $0 | $0 |
| LIBBY PALACKDHARRY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA AARON-BENIFIELD | DIRECTOR (ENDED 5/23)/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ESSENCE WILSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RAWLEY VAN FOSSEN | TREASURER (ENDED 5/23)/PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CHARLOTTE SMITH | PRESIDENT(ENDED 5/23)/PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JEREMY DEROO | PAST PRESIDENT (ENDED 5/23) Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1118 S WASHINGTON AVE, LANSING, MI 48910-1659
- Principal officer (990 for 2024)
- EDDIE FAKHOURY, 1118 S WASHINGTON AVE, LANSING, MI 489101647
- Signed the 990
- EDDIE FAKHOURY, EXECUTIVE DIRECTOR
- Phone
- (517) 485-3588
- Website
- WWW.CEDAMICHIGAN.ORG
- Return prepared by
- MANER COSTERISAN PC
Mission
THE COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN (CEDAM) SUPPORTS ITS DIVERSE MEMBERSHIP TO CREATE VIBRANT, SUSTAINABLE AND RESILIENT COMMUNITIES. WE ENHANCE LOCALLY-DRIVEN COMMUNITY ECONOMIC DEVELOPMENT EFFORTS THROUGH TRAINING AND RESOURCES, TECHNICAL ASSISTANCE, CAPACITY BUILDING AND POLICY ADVOCACY.
Program accomplishments
- THE TRAINING PROGRAM IS USED TO TRAIN APPROXIMATELY 1300 INDIVIDUALS FROM NON-PROFIT ORGANIZATIONS TO BUILD ORGANIZATIONAL CAPACITY; TRAINING TOPICS OFTEN INCLUDE INTENSIVE AFFORDABLE HOUSING DEVELOPMENT AND FINANCING, NEW ASSET-BUILDING STRATEGIES, AND OTHER COMMUNITY DEVELOPMENT-RELATED TOPICS.THE MICHIGAN EARNED IMPACT COALITION (MEIC) UNITES INDIVIDUALS, ORGANIZATIONS AND LOCAL INITIATIVES COMMITTED TO SUPPORTING TAX CREDIT AND ASSET BUILDING OPPORTUNITIES FOR MICHIGAN FAMILIES THROUGH IMPROVED ACCESS TO FREE, QUALITY, INCOME TAX PREPARATION ASSISTANCE; MICHIGAN COMMUNITIES FOR FINANCIAL EMPOWERMENT (MCFE)IS A NETWORK FOR LOCAL LEADERS WORKING TO INTEGRATE FINANCIAL EMPOWERMENT WITH CORE PUBLIC AND NONPROFIT SERVICES. MCFE MEMBERS HELP MICHIGAN RESIDENTS TO REACH FINANCIAL STABILITY THROUGH FINANCIAL EDUCATION AND COUNSELING, ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND SERVICES, OPPORTUNITIES TO SAVE AND BUILD WEALTH, AND CONSUMER PROTECTIONS. AS THE HOST ORGANIZATION FOR THE NETWORK, CEDAM PROVIDES MEMBERS TRAINING, TECHNICAL ASSISTANCE AND FUNDING TO DEVELOP AND EXPAND FINANCIAL EMPOWERMENT INITIATIVES IN THEIR COMMUNITIES. CEDAM ALSO LEADS CONSUMER PROTECTIONS ADVOCACY IN THE STATE TO PROTECT MICHIGAN RESIDENTS IN THE FINANCIAL MARKETPLACE.Expenses $5,536,080 · grants $1,931,342 · revenue $296,778
- 80,000 AMERICANS USE AMERICORPS NATIONAL COMMUNITY SERVICE PROGRAMS TO GIVE BACK TO THEIR COMMUNITIES EVERY YEAR. DURING THEIR SERVICE, MEMBERS RECEIVE INVALUABLE PROFESSIONAL DEVELOPMENT IN THE NONPROFIT SECTOR, AN EDUCATION AWARD MATCHING THE PELL GRANT AND A LIVING ALLOWANCE.AMERICORPS PROGRAMS DO MORE THAN MOVE COMMUNITIES FORWARD; THEY SERVE THEIR MEMBERS BY CREATING JOBS AND PROVIDING PATHWAYS TO OPPORTUNITY FOR PEOPLE ENTERING THE NONPROFIT FIELD. AMERICORPS PLACES THOUSANDS OF AMERICANS INTO INTENSIVE SERVICE POSITIONS WHERE THEY LEARN VALUABLE WORK SKILLS, EARN MONEY FOR EDUCATION, AND DEVELOP AN APPRECIATION FOR CITIZENSHIP.Expenses $1,745,874 · revenue $924,953
- CEDAM MANAGES THE COMMUNITY DEVELOPMENT FELLOWSHIP WITH SUPPORT FROM THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC). FELLOWS ARE PLACED IN COMMUNITIES ENGAGED OR CERTIFIED IN REDEVELOPMENT READY COMMUNITIES (RRC) FOR FIFTEEN MONTHS AND WORK ON A VARIETY OF PROJECTS TO EXPAND ORGANIZATIONAL CAPACITY, INCREASE LOCAL COLLABORATION, AND REMOVE BARRIERS TO DEVELOPMENT.Expenses $644,251
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 38-3445097
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,480,938
- Income (IRS master file)
- $9,593,677
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $9,586,566 | $9,382,775 | $4,480,938 | XML |
| 990 | September 2024 | $5,164,060 | $5,162,504 | $4,990,698 | XML |
| 990 | September 2023 | $3,268,290 | $3,190,424 | $3,086,019 | XML |
| 990 | September 2022 | $4,096,846 | $3,430,945 | $2,302,310 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3445097).
Questions about COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN
- What is the EIN of COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN?
- The employer identification number (EIN) of COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN is 38-3445097.
- Is COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN?
- The 990 for the year ended September 30, 2025 names EDDIE FAKHOURY.
- Who are the officers and directors of COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN?
- The 990 for the year ended September 30, 2025 lists 24 people; 4 received compensation from the organization, the highest $147,215 (LUKE FORREST, EXECUTIVE DIRECTOR (ENDED 1/10/25)).
- How much revenue does COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $9,586,566, expenses of $9,382,775 and total assets of $4,480,938 at year end.
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