Mt Sinai Development Corporation
To acquire undeveloped/ unused land for low cost housing project and community development. General Support of the Church & Life Center.
Mt Sinai Development Corporation at a glance
- Total assets
- $1,097,041
- +312.3% vs 2024
- Revenue (2025)
- $467,583
- +108.4% vs 2024
- Expenses (2025)
- $659,550
- +52.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Mt Sinai Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $18K (2022) to $66K (2023). In 2023 it made 2 grants totaling $66K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mt Sinai Church East Saint Louis, IL | — | $35,552 |
| Sinai Family Life Center East Saint Louis, IL | Community development | $30,672 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,097,041 | $467,583 | $659,550 | — | — | — |
| 2024 | $266,070 | $224,373 | $431,674 | — | — | — |
| 2023 | $388,638 | $232,985 | $320,437 | $66,224 | 2 | $-247,514 |
| 2022 | $527,595 | $119,031 | $143,007 | $17,700 | 2 | — |
| 2021 | $574,339 | $102,598 | $241,569 | $24,552 | 1 | — |
| 2020 | $581,495 | $63,193 | $66,946 | — | — | — |
About Mt Sinai Development Corporation
Based on IRS filings
Mt Sinai Development Corporation is a public charity focused on Housing & Shelter, based in East Saint Louis, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Mt Sinai Development Corporation is led by Herman L Watson, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Herman L Watson
President
On filings since 2020
2 hrs/week
No compensation reported
Dennis Jackson
Executive Director
New on the 2025 filing
10 hrs/week
No compensation reported
Henry Matthews
Treasurer
Treasurer → Director, 2023
Director → Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Rhonda Jones
Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Anthony Neely (2020–2024) — Treasurer
- Former: Zina Cruise (2020–2024) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Mt Sinai Development Corporation
How large is Mt Sinai Development Corporation?
Mt Sinai Development Corporation reported $1.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $468K.
What is Mt Sinai Development Corporation?
Mt Sinai Development Corporation is a public charity focused on Housing & Shelter, based in East Saint Louis, IL. It holds $1.1M in total assets as of 2025.
Where does Mt Sinai Development Corporation operate?
Mt Sinai Development Corporation has awarded grants in Illinois.
What is Mt Sinai Development Corporation's EIN?
Mt Sinai Development Corporation's EIN (Employer Identification Number) is 20-1569879. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Mt Sinai Development Corporation funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Mt Sinai Development Corporation's focus areas in our free grants database
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Mt Sinai Development Corporation down — hundreds of funders to go?