Overview
What is Jubilee Baltimore Inc?
Jubilee Baltimore Inc is a nonprofit organization situated in Baltimore, Maryland, specifically at 25 E 20TH STREET. Their primary mission is to develop affordable housing options in Midtown Baltimore City, catering to the needs of the local community's low-income members. To achieve this goal, they purchase, rehabilitate, and lease multi-family dwellings to qualified low-income tenants. This housing program aims to provide a much-needed solution to the housing challenges faced by many residents in the area. With a dedicated workforce of six individuals, Jubilee Baltimore Inc is committed to contributing to the community by increasing housing accessibility for those in need.
Official website here: www.jubileebaltimore.org
What are the reviews and ratings of this charity?
**Jubilee Baltimore Inc (EIN: 521222237)**
**Charity Navigator Rating: 73% (Two-Star out of Four Stars)**
Jubilee Baltimore Inc has received a Two-Star rating from Charity Navigator, primarily based on its accountability and financial practices. The organization's strengths include a high percentage of independent board members and robust financial oversight, indicative of sound governance. However, they have several areas for improvement, notably the absence of a whistleblower policy, document retention policies, and failure to post their tax form on their website.
Though the organization demonstrates a strong program expense ratio, which shows that a significant portion of funds are allocated for programs rather than administrative costs, it does face challenges in its liabilities to assets ratio. This may raise concerns about financial stability. Additionally, some aspects of impact measurement and community engagement have not been scored, leaving potential gaps in understanding the full effectiveness of the organization's initiatives.
Currently, user reviews from GreatNonprofits are not available.
This AI summary has been generated from information found on Charity Navigator.
Is Jubilee Baltimore Inc legitimate?
Jubilee Baltimore Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jubilee Baltimore 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: $194,893
Professional Fundraising Fees: $0
Other Salaries and Wages: $294,342
For more financial information, click here
Official website here: www.jubileebaltimore.org
What is the mission statement of Jubilee Baltimore Inc?
Jubilee Baltimore Inc's mission is centered around providing housing solutions for qualified low-income individuals. Specifically, the organization purchases and rehabilitates both commercial and multi-family dwellings, with the intention of leasing them out to those in need. This mission is carried out through a housing program that aims to develop affordable housing in certain communities, and by assisting low-income individuals in identifying suitable housing alternatives.
Official website here: www.jubileebaltimore.org
Who is the CEO of Jubilee Baltimore Inc?
Charles B Duff Jr is the President, Exec Dir of Jubilee Baltimore Inc.
Official website here: www.jubileebaltimore.org
What is the revenue of Jubilee Baltimore Inc?
Jubilee Baltimore Inc's revenue in 2022 was $7,560,511.
Official website here: www.jubileebaltimore.org
Who are the executives of Jubilee Baltimore Inc and what are their salaries?
The average compensation at Jubilee Baltimore Inc during 2022 was $81,539. There are 6 employees at Jubilee Baltimore Inc.
Here are 19 key members and their salaries:
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Official website here: www.jubileebaltimore.org
Where can I find the form 990 for Jubilee Baltimore Inc?
Jubilee Baltimore Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jubileebaltimore.org
Learn more at the official website: www.jubileebaltimore.org
Mission Statement of Jubilee Baltimore Inc
Jubilee Baltimore Inc, a nonprofit organization, is committed to purchasing, rehabilitating, and leasing both commercial and multi-family dwellings to qualified low-income tenants. Their mission is centered around providing affordable housing solutions. In particular, they focus on developing affordable housing in Midtown Baltimore City and assisting low-income members of the community in identifying suitable housing alternatives. By engaging in this activity, Jubilee Baltimore Inc aims to contribute to the housing needs of those with limited financial resources, thereby enhancing their living conditions.
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Impact
July, 2024
Jubilee Baltimore Inc's impact lies in providing affordable housing solutions for low-income individuals in Midtown Baltimore City. Through their housing program, they purchase, rehabilitate, and lease multi-family dwellings to qualified low-income tenants, offering them a safe and stable living environment. By assisting members of the community in identifying housing alternatives, Jubilee Baltimore is actively working to address issues of housing affordability and stability in the city. Their mission to develop affordable housing options underscores their commitment to creating a positive impact on the lives of those in need.
This information is meant to be a general summary of Jubilee Baltimore 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: $2,107
- Program Service Revenue: $1,647,681
- Gross Receipts: $7,560,511
Assets and Liabilities:
- Total Assets: $10,610,976
- Total Liabilities: $10,259,319
- Net Assets: $351,657
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,064,504
DEVELOPER'S FEES
Revenue
$583,177
Organization Details
Founding Year
1980
Phone
(410) 327-7373Principal Officer
Charles B Duff Jr
Main Address
25 E 20TH STREET, BALTIMORE, MD, 21218
Website
www.jubileebaltimore.orgNTEE Category
Code: L200 - Housing
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