Overview
What is Peoples Homesteading Group Inc?
Peoples Homesteading Group Inc, based in Baltimore, Maryland, is a nonprofit organization dedicated to enhancing low-to-moderate income households and neighborhoods. Their primary mission involves renovating vacant properties, particularly on the 400-block of East 22nd Street, and selling them to eligible homeowners. As of June 2021, they have completed three renovations and aim to tackle six more in the coming years with the support of government grants. Apart from physical renovations, Peoples Homesteading Group also provides job opportunities for disadvantaged adults through their construction projects and a job center. Their work aims to eliminate blight, stimulate neighborhood revitalization, and create sustainable homeownership opportunities.
Is Peoples Homesteading Group Inc legitimate?
Peoples Homesteading Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peoples Homesteading Group 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: $30,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,025
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What is the mission statement of Peoples Homesteading Group Inc?
Peoples Homesteading Group Inc, as part of its mission, aims to create opportunities for homeownership for low-to-moderate income households in deteriorated neighborhoods. This is achieved by renovating and occupying vacant and abandoned properties. The organization also works towards creating employment opportunities by hiring disadvantaged adults for entry-level construction jobs, specifically for the interior demolition needed for their projects. In essence, Peoples Homesteading Group Inc is committed to eliminating blighted vacant houses in Baltimore, thereby stabilizing deteriorated neighborhoods and providing job opportunities for disadvantaged individuals.
What is the revenue of Peoples Homesteading Group Inc?
Peoples Homesteading Group Inc's revenue in 2024 was $194,572.
Who are the executives of Peoples Homesteading Group Inc and what are their salaries?
The average compensation at Peoples Homesteading Group Inc during 2024 was $33,825. There is 1 employee and 4 volunteers at Peoples Homesteading Group Inc.
Here are 4 key members and their salaries:
- Compensation: $28,800
- 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 Peoples Homesteading Group Inc?
Peoples Homesteading Group Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Peoples Homesteading Group Inc
Peoples Homesteading Group Inc, a nonprofit organization, is dedicated to creating opportunities for homeownership for low-to-moderate income households. The group's mission is twofold. Firstly, it aims to revitalize deteriorated Baltimore neighborhoods by transforming vacant and abandoned residential properties into livable homes. This process not only improves the physical appearance of the neighborhood but also serves as a means of stabilizing the area.
Secondly, Peoples Homesteading Group Inc provides job opportunities for disadvantaged adults. It achieves this by hiring these individuals for entry-level construction jobs, specifically for interior demolition tasks associated with the organization's own projects. This not only helps the community by addressing blighted properties but also empowers disadvantaged individuals by offering them employment opportunities. In essence, Peoples Homesteading Group Inc is committed to improving both the physical and social fabric of Baltimore neighborhoods while simultaneously providing a pathway to employment for disadvantaged adults.
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Impact
October, 2024
Peoples Homesteading Group Inc significantly impacts Baltimore neighborhoods by transforming vacant and abandoned properties into homes for low-to-moderate income families. By rehabilitating deteriorated structures, the organization addresses issues of blight and revitalizes communities, providing stability and growth.
The initiative not only creates homeownership opportunities but also contributes to the local economy by employing disadvantaged adults in entry-level construction jobs. This dual approach fosters individual empowerment while enhancing the overall community landscape. As of mid-2021, the group had successfully renovated 15 homes on the 400-block of East 22nd Street and is actively working on additional properties, with plans to tackle six more in the coming years.
Through sustained efforts, including fundraising and property acquisition, Peoples Homesteading Group continues to play a crucial role in improving living conditions and promoting economic development in Baltimore, ultimately fostering a sense of community and belonging among residents.
This information is meant to be a general summary of Peoples Homesteading Group 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 2024.
- Investment Income: $5
- Program Service Revenue: $42,833
- Gross Receipts: $194,572
Assets and Liabilities:
- Total Assets: $1,166,099
- Total Liabilities: $667,038
- Net Assets: $499,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of a Transitional Housing Property 2100 Homewood Avenue sold for revenue after 20 years service
Revenue
$42,833
Organization Details
Founding Year
1983
Principal Officer
Michael Mazepink
NTEE Category
Code: L25 - Housing
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