Overview
What is Central Baltimore Partnership Inc?
Central Baltimore Partnership Inc is a nonprofit organization situated in Baltimore, Maryland. Their primary mission is to revitalize eleven neighborhoods and one commercial district in Central Baltimore, working in harmony with approximately 120 organizations, including universities, city and state agencies, community and nonprofit organizations, businesses, and business groups. The partnership has achieved significant success in promoting strategic reinvestment in the community, reducing the number of vacant properties by half, creating over 500 affordable housing units, and enhancing commercial districts on North Avenue, Greenmount Avenue, Lower Charles Street, and in Remington. Their goal is to galvanize the renaissance of Central Baltimore, ensuring equal opportunities for everyone to participate and benefit, ultimately aiming to create a diverse, equitable community where everyone can thrive.
Official website here: www.centralbaltimore.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90%, Four-Star out of Four Star rating.
Central Baltimore Partnership Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored 90% in the Accountability & Finance category, demonstrating strong governance practices, including a fully independent board and effective oversight mechanisms. The absence of material asset diversions and a solid conflict of interest policy further enhance its credibility.
Financially, the nonprofit showcases a strong program expense ratio of 92%, indicating that a significant portion of its expenses directly supports its programs. However, the fundraising efficiency ratio is notably low, which suggests that the organization may have challenges in generating funds relative to its expenses. Despite this, the working capital ratio of 1.74 years indicates a stable financial position, allowing for sustainability in its operations.
While the organization excels in governance and program allocation, the low fundraising efficiency may warrant attention in future strategies to improve its financial sustainability. Overall, Central Baltimore Partnership Inc demonstrates a commitment to effective management and transparency, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Central Baltimore Partnership Inc legitimate?
Central Baltimore Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Baltimore Partnership Inc 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: $158,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,815
For more financial information, click here
Official website here: www.centralbaltimore.org
What is the mission statement of Central Baltimore Partnership Inc?
The Central Baltimore Partnership Inc's mission is to revitalize the neighborhoods of Central Baltimore, fostering a diverse and equitable community where everyone can prosper. They achieve this by collaborating with various organizations, non-profits, educational institutions, businesses, and government agencies. By engaging partners, they ensure that everyone has an opportunity to participate and benefit from the renaissance of the area. The Central Baltimore Partnership strives to create a community where everyone can thrive, promoting equity and participation for all.
Official website here: www.centralbaltimore.org
Who is the CEO of Central Baltimore Partnership Inc?
Neil Didriksen is the President of Central Baltimore Partnership Inc.
Official website here: www.centralbaltimore.org
What is the revenue of Central Baltimore Partnership Inc?
Central Baltimore Partnership Inc's revenue in 2022 was $4,310,518.
Official website here: www.centralbaltimore.org
Who are the executives of Central Baltimore Partnership Inc and what are their salaries?
The average compensation at Central Baltimore Partnership Inc during 2022 was $55,241. There are 9 employees and 25 volunteers at Central Baltimore Partnership Inc.
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Official website here: www.centralbaltimore.org
Where can I find the form 990 for Central Baltimore Partnership Inc?
Central Baltimore Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralbaltimore.org
Learn more at the official website: www.centralbaltimore.org
Mission Statement of Central Baltimore Partnership Inc
Central Baltimore Partnership Inc, a nonprofit organization, is committed to revitalizing the neighborhoods of Central Baltimore. Their mission is to foster a diverse and equitable community where everyone can prosper. To achieve this, they collaborate with various entities such as neighborhood organizations, non-profits, educational institutions, businesses, and government agencies. The Central Baltimore Partnership Inc strives to ensure that everyone in the community has an opportunity to participate and benefit from the renaissance of their neighborhoods.
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Impact
October, 2024
Central Baltimore Partnership Inc plays a crucial role in revitalizing the neighborhoods of Central Baltimore by fostering collaboration among various stakeholders, including community organizations, educational institutions, businesses, and government agencies. Through strategic initiatives, it has spearheaded the comprehensive revitalization of eleven neighborhoods and one commercial district, creating opportunities for residents and promoting equitable growth.
The partnership has successfully reduced the number of vacant properties by half, translating to approximately 200 fewer vacant lots, and has facilitated the creation of over 500 affordable housing units, contributing to a total of 1,500 housing units since 2010. This emphasis on housing has not only addressed the need for affordable living options but has also strengthened community ties and improved residents’ quality of life.
Moreover, Central Baltimore Partnership Inc has enhanced the vitality of the area's commercial districts, particularly along North Avenue, Greenmount Avenue, Lower Charles Street, and in Remington. These improvements have led to increased economic activity and better transportation options within the region.
By engaging a network of around 120 organizations, the partnership ensures that the combined efforts of these entities align with its mission of creating a diverse and equitable community where everyone can thrive. The impact is evident in the revitalized neighborhoods that offer not just improved infrastructure and housing, but also strengthened social and economic opportunities for all residents.
This information is meant to be a general summary of Central Baltimore Partnership Inc. 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: $106
- Gross Receipts: $4,310,518
Assets and Liabilities:
- Total Assets: $5,647,773
- Total Liabilities: $2,687,276
- Net Assets: $2,960,497
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Organization Details
Founding Year
2008
Phone
(410) 244-1775Principal Officer
Neil Didriksen
Main Address
25 EAST 20TH STREET SUITE 140, BALTIMORE, MD, 21218
Website
www.centralbaltimore.orgNTEE Category
Code: S31 - Community improvement
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