Overview
What is The Harbor Bank Of Maryland Community Development Corporation?
The Harbor Bank of Maryland Community Development Corporation is a nonprofit organization situated in Baltimore, Maryland, specifically at 25 West Fayette Street. Their primary mission is to boost and revitalize neighborhoods within Baltimore City and its surrounding areas. They achieve this by offering financing to community institutions, faith-based organizations, and small businesses, often finding it challenging to secure funding for community development projects. With a focus on low-income communities, the organization provides capital and financial services, working towards charitable, religious, educational, and scientific purposes. Their workforce consists of six dedicated individuals, contributing to the betterment of the local community.
Is The Harbor Bank Of Maryland Community Development Corporation legitimate?
The Harbor Bank Of Maryland Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Harbor Bank Of Maryland Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $239,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,179
For more financial information, click here
What is the mission statement of The Harbor Bank Of Maryland Community Development Corporation?
The Harbor Bank of Maryland Community Development Corporation's mission is to serve and provide capital and financial services to residents and businesses operating in low-income communities in Baltimore City and its surrounding areas. This is done by furthering and promoting charity, religious, educational, and scientific purposes exclusively. The organization provides financing to community institutions, faith-based organizations, and small businesses that may struggle to obtain financing for community development. Their activities primarily focus on housing, with a goal to revitalize neighborhoods through residential and commercial construction and rehabilitation projects.
Who is the CEO of The Harbor Bank Of Maryland Community Development Corporation?
John Lewis is the Vice Preside of The Harbor Bank Of Maryland Community Development Corporation.
What is the revenue of The Harbor Bank Of Maryland Community Development Corporation?
The Harbor Bank Of Maryland Community Development Corporation's revenue in 2022 was $389,210.
Who are the executives of The Harbor Bank Of Maryland Community Development Corporation and what are their salaries?
The average compensation at The Harbor Bank Of Maryland Community Development Corporation during 2022 was $40,891. There are 6 employees at The Harbor Bank Of Maryland Community Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $152,776
- Related: $0
- Other: $0
- Compensation: $45,579
- Related: $0
- Other: $0
- Compensation: $35,811
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Harbor Bank Of Maryland Community Development Corporation?
The Harbor Bank Of Maryland Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Harbor Bank Of Maryland Community Development Corporation
The Harbor Bank of Maryland Community Development Corporation, in its mission, aims to serve and provide capital and financial services to residents and businesses operating in low-income communities within Baltimore City and its surrounding areas. This nonprofit organization is dedicated to furthering and promoting charitable, religious, educational, and scientific purposes exclusively. In pursuit of this mission, it offers financing solutions to community institutions, faith-based organizations, and small businesses that might face challenges in obtaining financing for community development projects. The organization's activities revolve around housing, with a focus on residential and commercial construction and rehabilitation, as part of an effort to revitalize neighborhoods.
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Impact
October, 2024
The Harbor Bank of Maryland Community Development Corporation plays a pivotal role in fostering economic growth and revitalization in Baltimore and its surrounding areas. By providing financing to community institutions, faith-based organizations, and small businesses, it addresses the funding challenges these groups face, particularly in low-income communities.
The organization focuses on residential and commercial construction and rehabilitation projects aimed at revitalizing neighborhoods. This commitment not only enhances the physical landscape of the community but also stimulates local economies by creating jobs and supporting small enterprises. By serving as a critical financial resource, it empowers residents and businesses to thrive, promoting sustainable community development and improving the overall quality of life in underserved areas.
Through its mission of delivering essential capital and financial services, the Harbor Bank of Maryland Community Development Corporation significantly contributes to the social and economic fabric of the community, making strides towards a more equitable and prosperous environment for all.
This information is meant to be a general summary of The Harbor Bank Of Maryland Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $57,751
- Gross Receipts: $389,210
Assets and Liabilities:
- Total Assets: $5,828,537
- Total Liabilities: $4,564,960
- Net Assets: $1,263,577
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Organization Details
Founding Year
2001
Phone
(410) 528-1800Principal Officer
John Lewis
Main Address
25 WEST FAYETTE STREET, BALTIMORE, MD, 21201
NTEE Category
Code: S43 - Community improvement
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