Overview
What is Hcpi Development Fund Inc Central Baltimore Future Fund?
Hcpi Development Fund Inc Central Baltimore Future Fund is a nonprofit organization located in Baltimore, Maryland, specifically at 25 EAST 20TH STREET. Their primary goal is to stimulate inclusive economic growth and attract investment in ten central Baltimore neighborhoods that have historically suffered from deterioration and blight. They achieve this by partnering with The Reinvestment Fund to provide loans for transformative high-impact commercial, residential, and neighborhood development projects. Additionally, the fund acquires and offers vacant and blighted properties for redevelopment and provides advisory services to the public, facilitating a decrease in vacant and abandoned properties in alignment with community plans and objectives. The organization aims to boost economic activity, decrease property vacancy, and promote investments beneficial to low to moderate-income communities.
Official website here: www.cbfuturefund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Hcpi Development Fund Inc Central Baltimore Future Fund has achieved an impressive 97% score, reflecting its strong commitment to accountability and finance. This high rating is based entirely on a single beacon score, underscoring the organization's robust financial practices and transparency. The charity boasts a fully independent board, which is a critical factor in maintaining governance integrity.
The organization has consistently demonstrated a lack of material diversion of assets and maintains excellent financial health, highlighted by a low liabilities-to-assets ratio of 14.90%. Additionally, it allocates a significant portion of its expenses—84.73%—to program activities, indicating a strong focus on its mission and effective use of resources.
Furthermore, Hcpi Development Fund Inc showcases comprehensive governance practices, with all required policies and documents, including a conflict of interest policy and whistleblower policy, properly established and listed. Overall, while the organization excels in accountability and transparency, it remains essential for potential donors to stay informed about ongoing program impacts and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Hcpi Development Fund Inc Central Baltimore Future Fund legitimate?
Hcpi Development Fund Inc Central Baltimore Future Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hcpi Development Fund Inc Central Baltimore Future Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cbfuturefund.org
What is the mission statement of Hcpi Development Fund Inc Central Baltimore Future Fund?
The Central Baltimore Future Fund, managed by Hcpi Development Fund Inc., aims to stimulate inclusive economic growth and attract investment in ten low to moderate income communities that have been affected by deterioration and blight. They accomplish this by partnering with The Reinvestment Fund to provide loans for high-impact commercial, residential, and neighborhood development projects. Additionally, they acquire and offer vacant and blighted properties for redevelopment to developers. Furthermore, the fund offers advisory services to the public, facilitating a decrease in vacant and abandoned properties in a manner that supports community plans and objectives.
Official website here: www.cbfuturefund.org
Who is the CEO of Hcpi Development Fund Inc Central Baltimore Future Fund?
Michael Pokorny is the Secretary/Ed Of Related Org of Hcpi Development Fund Inc Central Baltimore Future Fund.
Official website here: www.cbfuturefund.org
What is the revenue of Hcpi Development Fund Inc Central Baltimore Future Fund?
Hcpi Development Fund Inc Central Baltimore Future Fund's revenue in 2022 was $62,953.
Official website here: www.cbfuturefund.org
Who are the executives of Hcpi Development Fund Inc Central Baltimore Future Fund and what are their salaries?
There is 1 employee and 12 volunteers at Hcpi Development Fund Inc Central Baltimore Future Fund.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $170,524
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cbfuturefund.org
Where can I find the form 990 for Hcpi Development Fund Inc Central Baltimore Future Fund?
Hcpi Development Fund Inc Central Baltimore Future Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbfuturefund.org
Learn more at the official website: www.cbfuturefund.org
Mission Statement of Hcpi Development Fund Inc Central Baltimore Future Fund
Hcpi Development Fund Inc's Central Baltimore Future Fund is dedicated to stimulating inclusive economic growth in ten Central Baltimore neighborhoods that have been impacted by deterioration and blight. The fund aims to achieve this mission by partnering with The Reinvestment Fund to provide loans for high-impact commercial, residential, and neighborhood development projects. Furthermore, the fund acquires and offers vacant and blighted properties to developers for redevelopment. Lastly, Hcpi Development Fund Inc offers advisory services to the public, helping to decrease vacant and abandoned properties in a way that aligns with community plans and objectives. The ultimate goal of the Central Baltimore Future Fund is to increase economic activity, reduce the occurrence of vacant properties, and promote community development investments benefiting low to moderate income communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The impact of the Hcpi Development Fund Inc Central Baltimore Future Fund can be seen in the increased economic activity, decreased incidence of vacant properties, and promoted community development investments benefiting low to moderate income communities in ten central Baltimore neighborhoods. This initiative stimulates inclusive economic growth and attracts investment in these neighborhoods by partnering with Reinvestment Fund to make loans to transformational high impact commercial, residential, and neighborhood development projects. Additionally, the fund acquires and offers vacant and blighted properties to developers for redevelopment and provides advisory services to facilitate a decrease in vacant and abandoned properties in ways that support community plans and objectives.
This information is meant to be a general summary of Hcpi Development Fund Inc Central Baltimore Future Fund. 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: -$142,275
- Program Service Revenue: $205,228
- Gross Receipts: $871,303
Assets and Liabilities:
- Total Assets: $4,532,988
- Total Liabilities: $675,715
- Net Assets: $3,857,273
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$205,228
Organization Details
Founding Year
2013
Phone
(410) 709-1495Principal Officer
Michael Pokorny
Main Address
25 EAST 20TH STREET, BALTIMORE, MD, 21218
Website
www.cbfuturefund.orgNTEE Category
Code: S20 - Community improvement
If you are a representative of Hcpi Development Fund Inc Central Baltimore Future Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.