Overview
What is Baltimore Affordable Housing Development Inc?
Baltimore Affordable Housing Development Inc is a nonprofit organization based in Baltimore, Maryland, specifically at 417 East Fayette Street 13. Their mission is to revitalize housing projects for the Housing Authority of Baltimore City, approved by the US Department of Housing and Urban Development (HUD) under HUD's HOPE VI Grant. Their primary focus is to enhance the supply of quality affordable housing in Baltimore City by owning, operating, and developing housing projects. They aim to lessen government burdens and engage in activities that align with the Internal Revenue Code Section 501(c)(3) and applicable state laws.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
Baltimore Affordable Housing Development Inc has received a Three-Star rating from Charity Navigator, indicating a decent level of accountability and financial management. The charity's overall score reflects a strong commitment to its financial integrity, highlighted by a program expense ratio of 90.46%, suggesting that a significant portion of its budget is directed towards its mission-related activities.
However, the organization does face some challenges in governance and transparency. While it has a reasonably sized independent board, only 42% of its members are independent, which may raise concerns regarding potential conflicts of interest. Additionally, several key policies, such as those addressing conflict of interest and whistleblower protections, are missing, indicating areas where the organization could improve its governance framework.
Overall, while Baltimore Affordable Housing Development Inc demonstrates solid financial stewardship, enhancing its governance policies and increasing independent board representation could strengthen its operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Baltimore Affordable Housing Development Inc legitimate?
Baltimore Affordable Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Affordable Housing Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $937,605
For more financial information, click here
What is the mission statement of Baltimore Affordable Housing Development Inc?
Baltimore Affordable Housing Development Inc is a non-profit organization with a mission to expand the availability of high-quality affordable housing. They strive to develop and undertake housing projects in areas serving communities under the jurisdiction of the Housing Authority. The ultimate goal is to alleviate the burden on governments and contribute to the provision of affordable housing solutions. In accordance with Section 501C3 of the Internal Revenue Code and applicable state law, the organization engages in activities that complement this objective.
Who is the CEO of Baltimore Affordable Housing Development Inc?
John Wilson is the Chief Excecutive Officer of Baltimore Affordable Housing Development Inc.
What is the revenue of Baltimore Affordable Housing Development Inc?
Baltimore Affordable Housing Development Inc's revenue in 2022 was $31,599,383.
Who are the executives of Baltimore Affordable Housing Development Inc and what are their salaries?
There 20 volunteers at Baltimore Affordable Housing Development Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $262,857
- Other: $58,640
- Compensation: $0
- Related: $179,919
- Other: $35,848
- Compensation: $0
- Related: $154,514
- Other: $48,734
- Compensation: $0
- Related: $141,720
- Other: $21,894
- 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: $184,063
- Other: $54,767
Where can I find the form 990 for Baltimore Affordable Housing Development Inc?
Baltimore Affordable Housing Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Baltimore Affordable Housing Development Inc
Baltimore Affordable Housing Development Inc, a nonprofit organization, strives to enhance the availability of quality affordable housing in Baltimore City. By owning, operating, and taking necessary steps to develop housing projects, this esteemed institution aims to make a significant impact on the community. In line with its mission, the organization works diligently to lessen government burdens and engages in activities that align with Section 501C3 of the Internal Revenue Code and applicable state law.
Baltimore Affordable Housing Development Inc's dedication to its cause is unwavering. It focuses on the development and improvement of affordable housing projects within the jurisdiction of the Housing Authority of Baltimore City. The organization's vision extends beyond just owning and operating properties. By increasing the supply of quality affordable housing, it sets out to make a tangible difference in people's lives and contribute to the betterment of the community as a whole.
Through its various projects and initiatives, Baltimore Affordable Housing Development Inc plays a pivotal role in addressing the housing needs of Baltimore City. By working in harmony with the Housing Authority of Baltimore City and adhering to applicable state and federal regulations, the organization ensures the success and sustainability of its mission. Its commitment to providing quality affordable housing is an essential component of its mission, making it an invaluable resource for the community it serves.
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Impact
October, 2024
Baltimore Affordable Housing Development Inc significantly impacts the community by enhancing the supply of quality affordable housing in Baltimore City. By facilitating revitalization plans in collaboration with the Housing Authority of Baltimore City, the organization supports development projects that have received approval from the U.S. Department of Housing and Urban Development (HUD) under the HOPE VI grant program.
Through its efforts, it addresses the pressing need for affordable housing, aiming to reduce the burdens on local government and advance comprehensive housing initiatives. This work not only improves living conditions but also contributes to the overall revitalization of neighborhoods, fostering a more stable and equitable community. The organization engages in strategic activities essential for developing and managing housing projects, ultimately striving to create a more inclusive environment for Baltimore residents.
This information is meant to be a general summary of Baltimore Affordable Housing Development 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: $8,517,891
- Program Service Revenue: $2,160,709
- Gross Receipts: $35,011,718
Assets and Liabilities:
- Total Assets: $290,640,425
- Total Liabilities: $3,430,571
- Net Assets: $287,209,854
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPERS REVENUE
Revenue
$1,940,975
PROPERTY MANAGEMENT FEES
Revenue
$217,409
GROUND LEASE REVENUE
Revenue
$2,325
Organization Details
Founding Year
2014
Phone
(410) 396-3370Principal Officer
John Wilson
Main Address
417 EAST FAYETTE STREET 13, BALTIMORE, MD, 21202
NTEE Category
Code: L20 - Housing
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