Mt Sinai Development Corporation
To acquire undeveloped/ unused land for low cost housing project and community development. General Support of the Church & Life Center.
Key facts about Mt Sinai Development Corporation
- EIN
- 20-1569879
- Latest 990 filing
- Form 990, 2025
- Total assets
- $1,097,041
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.1M
+312.3% YoY
Revenue
$468K
+108.4% YoY
Net Investment Income
—
Expenses
$660K
+52.8% YoY
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
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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
From 2021 to 2023, annual grant giving ranged from $18K (2022) to $66K (2023). In 2023 it made 2 grants totaling $66K.
Grant Insights
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%).
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 | $1,097,041 | $266,070 | $388,638 |
| Revenue | $467,583 | $224,373 | $232,985 |
| Expenses | $659,550 | $431,674 | $320,437 |
| Net Investment Income | — | — | $-247,514 |
Data update history
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
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.
Here's the math on researching Mt Sinai Development Corporation by hand.
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