Cambridge Waterfront Development Inc

Public charity · Grantmaker Cambridge, MD EIN: 83-2040316

To promote and facilitate the redevelopment of certain properties along and adjacent to the city of cambridge waterfront.

Cambridge Waterfront Development Inc at a glance

Total assets
$11,956,723
+20.6% vs 2024
Revenue (2025)
$2,830,412
+90.4% vs 2024
Net investment income (2025)
$5,709
-95.9% vs 2024
Expenses (2025)
$231,798
-57.3% vs 2024
Latest 990 filing
Form 990, 2025 View filing

Data from IRS Form 990, 2025; updated September 2026.

Who Cambridge Waterfront Development Inc funds

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Cambridge

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K0 grants2019 0 grants2021 0 grants2022 1 grant2023 0 grants2024 0 grants2025

In 2023 it made 1 grant totaling $13K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Richardson Maritime Museum Cambridge, MDOperating Expenses$13,346
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2025$11,956,723$2,830,412$231,798——$5,709
2024$9,910,637$1,486,679$543,345——$138,688
2023$8,412,143$537,318$205,980$13,3461$203
2022$8,725,419$2,962,494$85,237——$161
2021$76,144$60,040$151,665——$40
2019$200,563$251,986$51,423——$41

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.

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.

Data update history

(4)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS May 15, 2020)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS September 12, 2024)
  3. Added Form 990 for fiscal year 2025 (received by the IRS April 30, 2026)
  4. IRS filings on file for fiscal years 2021–2024

Live grants for the work Cambridge Waterfront Development Inc funds

Community Improvement & Capacity Building Open opportunities, soonest deadline first.

Explore Open Grants

Browse active grant opportunities in Cambridge Waterfront Development Inc's focus areas in our free grants database

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Cambridge Waterfront Development Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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