Cambridge Waterfront Development Inc
To promote and facilitate the redevelopment of certain properties along and adjacent to the city of cambridge waterfront.
Key facts about Cambridge Waterfront Development Inc
- EIN
- 83-2040316
- Latest 990 filing
- Form 990, 2025
- Total assets
- $11,956,723
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$12.0M
+20.6% YoY
Revenue
$2.8M
+90.4% YoY
Net Investment Income
$6K
-95.9% YoY
Expenses
$232K
-57.3% YoY
About Cambridge Waterfront Development Inc
Based on IRS filings
Cambridge Waterfront Development Inc is a public charity focused on Community Improvement & Capacity Building, based in Cambridge, MD. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $12.0M in total assets. Net investment income was $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $13K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
1 grants across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,956,723 | $9,910,637 | $8,412,143 |
| Revenue | $2,830,412 | $1,486,679 | $537,318 |
| Expenses | $231,798 | $543,345 | $205,980 |
| Net Investment Income | $5,709 | $138,688 | $203 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 15, 2020)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 12, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Cambridge Waterfront Development Inc is led by Angie Hengst, President since 2024 (on filings since 2023); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Angie Hengst
President
Director → President, 2024
On filings since 2023
6 hrs/week
No compensation reported
Shay Lewis-Sisco
Director
Director → Vice President, 2024
Vice President → Director, 2025
On filings since 2023
No compensation reported
Gaver Nichols
Director
On filings since 2024
4 hrs/week
No compensation reported
Tim Crosby
Director
On filings since 2024
10 hrs/week
No compensation reported
Bernard Brathwaite
Director
New on the 2025 filing
1 hr/week
No compensation reported
Frank J. Narr Jr.
Treasurer
Director → Secretary & Treasurer, 2022
Secretary & Treasurer → Treasurer, 2025
On filings since 2019
18 hrs/week
No compensation reported
Micheal J. Frenz
Vice President
Director → Vice President, 2025
On filings since 2024
2 hrs/week
No compensation reported
Natalie Chabot
Secretary
Director → Secretary, 2025
On filings since 2024
4 hrs/week
No compensation reported
Former officers (12)
- Former: Richard M. Zeidman (2019–2024) — Director
- Former: Matthew Leonardkirk Avenue LLC (2022–2024) — Executive Director
- Former: Dion Banks (2023–2024) — Director
- Former: Michael J. Frenz (2019–2023) — Director
- Former: Daryl Butcher (2019–2022) — Vice President
- Former: Jeff Powell (2019–2022) — Director
- Former: Donna Lane (2021–2022) — Director
- Former: Tom Carroll (2022) — Director
- Former: Sandra E. Tripp-Jones (2019–2021) — Interim Executive Director
- Former: David Deutsch (2021) — Director
- Former: Neil Atkins (2019) — Director
- Former: Patrick E. Comiskey (2019) — Secretary & Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cambridge Waterfront Development Inc
How large is Cambridge Waterfront Development Inc?
Cambridge Waterfront Development Inc reported $12.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.8M.
What is Cambridge Waterfront Development Inc?
Cambridge Waterfront Development Inc is a public charity focused on Community Improvement & Capacity Building, based in Cambridge, MD. It holds $12.0M in total assets as of 2025.
Where does Cambridge Waterfront Development Inc operate?
Cambridge Waterfront Development Inc has awarded grants in Maryland.
What is Cambridge Waterfront Development Inc's EIN?
Cambridge Waterfront Development Inc's EIN (Employer Identification Number) is 83-2040316. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Cambridge Waterfront Development Inc by hand.
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