Overview
What is Black Women Build - Baltimore Inc?
Black Women Build - Baltimore Inc is a nonprofit organization situated in Baltimore, Maryland. Their mission revolves around empowering Black women through a home ownership and wealth-building initiative. They specialize in restoring vacant properties within the Baltimore area. Their activities involve gutting, rehabilitating, and selling these homes to program participants, providing them with an opportunity to become homeowners. As of 2022, they successfully sold one such home. Additionally, they are currently in the process of gutting and rehabilitating ten new properties. With a team of eight dedicated individuals, Black Women Build - Baltimore Inc is committed to positively impacting the lives of Black women and contributing to the revitalization of Baltimore's housing market.
Official website here: www.blackwomenbuild.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Black Women Build - Baltimore Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and financial management. The charity's overall score primarily stems from its accountability and finance metrics, which account for key indicators of transparency and responsible management of resources.
The organization boasts a perfect score for independent board members, demonstrating a commitment to governance. It has also performed well in other categories such as material diversion of assets and fundraising efficiency, indicating effective allocation of resources towards its mission. The program expense ratio is notably high, suggesting that a significant portion of funds is directed towards the charity's programs rather than administrative costs.
However, limitations exist, particularly in the area of board size, where it received no points. Additionally, the absence of a whistleblower policy is a notable gap in its accountability practices. While the overall financial health appears strong, these areas may require attention to enhance the organization’s governance and adherence to best practices.
This AI summary has been generated from information found on Charity Navigator.
Is Black Women Build - Baltimore Inc legitimate?
Black Women Build - Baltimore Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Women Build - 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: $149,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,511
For more financial information, click here
Official website here: www.blackwomenbuild.org
What is the mission statement of Black Women Build - Baltimore Inc?
Black Women Build - Baltimore Inc is committed to empowering Black women through a home ownership and wealth building initiative. This program involves training women in the restoration of vacant homes in Baltimore, with the opportunity for participants to eventually purchase the properties they have worked on. As of 2022, the organization has successfully completed the gutting and rehabilitation of one home, which was subsequently sold to a program participant. Furthermore, Black Women Build - Baltimore Inc has purchased and begun rehabilitating ten new properties, continuing its mission to provide housing opportunities and promote financial growth for its participants.
Official website here: www.blackwomenbuild.org
Who is the CEO of Black Women Build - Baltimore Inc?
Shelley Halstead is the Ceo of Black Women Build - Baltimore Inc. The CEO's salary of Black Women Build - Baltimore Inc is $100,000 and their total compensation is $100,000.
Official website here: www.blackwomenbuild.org
What is the revenue of Black Women Build - Baltimore Inc?
Black Women Build - Baltimore Inc's revenue in 2022 was $2,510,971.
Official website here: www.blackwomenbuild.org
Who are the executives of Black Women Build - Baltimore Inc and what are their salaries?
The average compensation at Black Women Build - Baltimore Inc during 2022 was $31,543. There are 8 employees and 4 volunteers at Black Women Build - Baltimore Inc.
Here are 5 key members and their salaries (Black Women Build - Baltimore Inc's CEO's salary is $100,000 and their total compensation is $100,000):
- Compensation: $100,000
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.blackwomenbuild.org
Where can I find the form 990 for Black Women Build - Baltimore Inc?
Black Women Build - Baltimore Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blackwomenbuild.org
Learn more at the official website: www.blackwomenbuild.org
Mission Statement of Black Women Build - Baltimore Inc
Black Women Build - Baltimore Inc is committed to empowering Black women through a home ownership and wealth building initiative. This nonprofit organization focuses on restoring vacant homes in Baltimore, providing training to its participants. The ultimate goal is to offer them the opportunity to purchase these homes they have worked on. In 2022, Black Women Build - Baltimore Inc achieved a significant milestone by gutting, rehabbing, and selling one of the homes to its program participants. This triumphant event marked a significant step towards their mission of fostering home ownership and financial stability among Black women in the community. Moreover, the organization has purchased and begun the rehabilitation process on ten new properties, demonstrating their dedication to expanding their impact and providing more opportunities for Black women to build wealth and secure a home.
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Impact
July, 2024
Black Women Build - Baltimore Inc's impact can be seen through their successful home ownership and wealth-building initiative. They have trained Black women in restoring vacant homes in Baltimore, providing them with the opportunity to purchase these homes. In 2022, they completed the gutting, rehabbing, and selling of one home to program participants. Additionally, they purchased, gutted, and began rehab on 10 new properties, further expanding their efforts in revitalizing communities and empowering Black women through housing initiatives.
This information is meant to be a general summary of Black Women Build - 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.
- Program Service Revenue: $86,384
- Gross Receipts: $2,510,971
Assets and Liabilities:
- Total Assets: $1,878,852
- Total Liabilities: $65,184
- Net Assets: $1,813,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REHAB RESALE HOMES
Revenue
$86,384
Organization Details
Founding Year
2017
Phone
(410) 538-2220Principal Officer
Shelley Halstead
Main Address
PO BOX 16564, Baltimore, MD, 212170564
Website
www.blackwomenbuild.orgNTEE Category
Code: L81 - Housing
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