Overview
What is City Of Baltimore Development Corporatio?
The City of Baltimore Development Corporation, abbreviated as BDC, is a contracted entity dedicated to economic development within Baltimore, Maryland. Based at 36 S Charles St, Baltimore, this nonprofit organization focuses on retaining and expanding existing businesses, as well as attracting new ones. They collaborate with city government and private partners to deliver services that foster business growth. Their activities encompass business assistance, site analysis, financial packaging, acting as an ombudsman, and promoting and marketing Baltimore. The BDC's mission is to contribute to the city's economic development, ultimately aiming to improve the overall business environment in Baltimore with a workforce of 54 individuals.
Official website here: www.baltimoredevelopment.com
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)**
The City of Baltimore Development Corporation earns a Three-Star rating from Charity Navigator, reflecting a solid overall performance in accountability and finance. Key strengths include a predominantly independent board, robust oversight mechanisms, and a high program expense ratio, indicating a strong commitment to allocating resources towards its mission. However, concerns arise from low scores in liabilities to assets ratio, implying potential financial stability issues, and the absence of certain required financial documents on its website.
The organization benefits from a well-defined governance structure with effective policies, such as a conflict of interest and whistleblower policy. Despite its significant strengths in financial oversight and program spending, it currently lacks the scoring in impact and measurement due to eligibility issues, which suggests limited information on outcomes and effectiveness in community impact.
User reviews from GreatNonprofits were not available, limiting the feedback on public sentiment regarding their services. Overall, while the organization demonstrates a strong framework for accountability, transparency concerns and unaddressed financial indicators may warrant closer scrutiny for potential donors or partners.
This AI summary has been generated from information found on Charity Navigator.
Is City Of Baltimore Development Corporatio legitimate?
City Of Baltimore Development Corporatio is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Baltimore Development Corporatio 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: $1,064,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.baltimoredevelopment.com
What is the mission statement of City Of Baltimore Development Corporatio?
The City of Baltimore Development Corporation (BDC) is contracted to provide economic development services on behalf of the city. Its mission is to collaborate with city government and private partners, working collectively to deliver services that aid in the growth of existing businesses and attract new ones. The BDC's goal is to retain and expand existing employers, thereby contributing to the overall economic development of the city. Their services include business assistance, site analysis, financial packaging, and acting as an ombudsman. Additionally, they promote and market the city, aiming to showcase its potential to potential investors and businesses.
Official website here: www.baltimoredevelopment.com
Who is the CEO of City Of Baltimore Development Corporatio?
Colin Tarbert is the CEO of City Of Baltimore Development Corporatio The CEO's salary of City Of Baltimore Development Corporatio is $250,131 and their total compensation is $287,359.
Official website here: www.baltimoredevelopment.com
What is the revenue of City Of Baltimore Development Corporatio?
City Of Baltimore Development Corporatio's revenue in 2024 was $2,618,286.
Official website here: www.baltimoredevelopment.com
Who are the executives of City Of Baltimore Development Corporatio and what are their salaries?
The average compensation at City Of Baltimore Development Corporatio during 2024 was $20,093. There are 53 employees at City Of Baltimore Development Corporatio.
Here are 22 key members and their salaries (City Of Baltimore Development Corporatio's CEO's salary is $250,131 and their total compensation is $287,359):
- Compensation: $250,131
- Related: $0
- Other: $37,228
- Compensation: $209,481
- Related: $0
- Other: $30,158
- Compensation: $206,750
- Related: $0
- Other: $17,028
- Compensation: $164,431
- Related: $0
- Other: $29,803
- Compensation: $107,101
- Related: $0
- Other: $12,842
- Compensation: $131,087
- Related: $0
- Other: $29,581
- Compensation: $120,057
- Related: $0
- Other: $23,272
- Compensation: $0
- Related: $0
- Other: $0
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Official website here: www.baltimoredevelopment.com
Where can I find the form 990 for City Of Baltimore Development Corporatio?
City Of Baltimore Development Corporatio's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.baltimoredevelopment.com
Learn more at the official website: www.baltimoredevelopment.com
Mission Statement of City Of Baltimore Development Corporatio
The City of Baltimore Development Corporation (BDC) is tasked with providing economic development services on behalf of the city of Baltimore. Their mission is multifaceted, aiming to retain and expand existing businesses while attracting new ones. To achieve this, BDC collaborates with city government and private partners, offering a range of services designed to aid business growth. These services include business assistance, site analysis, financial packaging, and an ombudsman role, as well as promoting and marketing Baltimore as a desirable location for businesses.
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Impact
July, 2024
The City Of Baltimore Development Corporation plays a pivotal role in promoting economic development and growth within Baltimore. By providing essential services such as business assistance, site analysis, financial packaging, and acting as an ombudsman, the organization actively supports the retention and expansion of existing businesses while attracting new ones to the city. Through collaboration with city government and private partners, the City Of Baltimore Development Corporation works towards fostering a thriving business environment, ultimately contributing to the overall improvement of the community.
This information is meant to be a general summary of City Of Baltimore Development Corporatio. 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: $952,947
- Program Service Revenue: $1,290,138
- Gross Receipts: $2,618,286
Assets and Liabilities:
- Total Assets: $34,390,220
- Total Liabilities: $39,309,129
- Net Assets: -$4,918,909
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BALTIMORE CITY FUNDING
Revenue
$1,026,149
OTHER FEES
Revenue
$263,989
Organization Details
Founding Year
1991
Principal Officer
Colin Tarbert
Website
www.baltimoredevelopment.comNTEE Category
Code: S310 - Community improvement
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