Overview
What is Baltimore Community Lending Inc?
Baltimore Community Lending Inc. is a nonprofit organization situated in Baltimore, Maryland, specifically at 875 Hollins Street, with a mission to revitalize and strengthen underserved neighborhoods in the city. They accomplish this by providing flexible and innovative financial assistance, thereby fostering community development. The organization manages and services approximately 500 community development loan assets worth around $15 million, which contribute to over 400 affordable housing units. Baltimore Community Lending also offers counseling and advice to existing borrowers on loan compliance best practices and helps struggling borrowers identify potential remedies in the face of payment or performance challenges. The organization currently employs 12 individuals.
Official website here: www.bclending.org
Is Baltimore Community Lending Inc legitimate?
Baltimore Community Lending Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Community Lending 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,359,641
For more financial information, click here
What is the mission statement of Baltimore Community Lending Inc?
Baltimore Community Lending Inc's mission is centered around supporting the revitalization and strengthening of underserved communities. They achieve this by providing innovative and flexible financial assistance, designed to foster community development. This assistance is instrumental in revitalizing neighborhoods and improving the living conditions of its residents. The organization manages a community development loan portfolio, with approximately 500 assets totaling around $15 million, which represents over 400 affordable housing units. They also offer counsel and advice to existing borrowers regarding loan compliance best practices and assist struggling borrowers in identifying available remedies during payment and performance challenges.
Official website here: www.bclending.org
Who is the CEO of Baltimore Community Lending Inc?
Watchen Harris Bruce is the Vice Chair of Baltimore Community Lending Inc. The CEO's salary of Baltimore Community Lending Inc is $144,157 and their total compensation is $144,157.
Official website here: www.bclending.org
What is the revenue of Baltimore Community Lending Inc?
Baltimore Community Lending Inc's revenue in 2022 was $4,977,119.
Official website here: www.bclending.org
Who are the executives of Baltimore Community Lending Inc and what are their salaries?
The average compensation at Baltimore Community Lending Inc during 2022 was $113,303. There are 12 employees and 16 volunteers at Baltimore Community Lending Inc.
Here are 13 key members and their salaries (Baltimore Community Lending Inc's CEO's salary is $144,157 and their total compensation is $144,157):
- Watchen Harris Bruce (President And Ceo) [Trustee/Director]
- Sean Russell (Vp & Chief Lending Officer)
- Michael Tagg (Vice Chair) [Trustee/Director]
- Jeffrey C Wilke (Board Chair) [Trustee/Director]
- Antony Gross (Treasurer) [Trustee/Director]
- Linda Harrington (Secretary) [Trustee/Director]
- Alex Aaron (Board Member) [Trustee/Director]
- Alice Kennedy (Board Member) [Trustee/Director]
- Christopher Rockey (Board Member) [Trustee/Director]
- Eduardo Hayden (Board Member) [Trustee/Director]
- Gerard Joab (Board Member) [Trustee/Director]
- Nichole Doye Battle (Board Member) [Trustee/Director]
- Paul T Graziano (Board Member) [Trustee/Director]
Official website here: www.bclending.org
Where can I find the form 990 for Baltimore Community Lending Inc?
The Baltimore Community Lending Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.bclending.org
Learn more at the official website: www.bclending.org
Mission Statement of Baltimore Community Lending Inc
Baltimore Community Lending Inc is dedicated to supporting the revitalization and strengthening of underserved neighborhoods in Baltimore. They accomplish this mission by providing innovative and flexible financial assistance designed to foster community development. This organization manages a community development loan portfolio, which includes approximately 500 assets totaling around $15 million. These assets represent more than 400 affordable housing units. Baltimore Community Lending Inc also offers counsel and advice to existing borrowers regarding loan compliance best practices and assists struggling borrowers in identifying available remedies in the event of payment or performance challenges.
Impact
This information is meant to be a general summary of Baltimore Community Lending Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Baltimore Community Lending Inc plays a crucial role in supporting revitalization and strengthening underserved neighborhoods in Baltimore. This organization manages a sizeable community development loan portfolio, totaling approximately $15 million and encompassing over 400 affordable housing units. They provide essential counseling and guidance to borrowers to ensure loan compliance best practices and offer assistance to those facing payment or performance challenges. Through their innovative and flexible financial assistance, Baltimore Community Lending contributes significantly to fostering community development and improving the quality of life in neighborhoods that need it most.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME ON NOT
Revenue
$1,235,902
FEE INCOME AND OTHER
Revenue
$351,636
Organization Details
Founding Year
1989
Phone
(410) 727-8590
Principal Officer
Watchen Harris Bruce
Main Address
875 HOLLINS STREET, BALTIMORE, MD, 21201
Website
www.bclending.org
NTEE Category
Code: S310 - Community improvement
If you are a representative of Baltimore Community Lending Inc 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.