nonprofit logo

Baltimore Affordable Housing Development Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471204443 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

Overview

What is Baltimore Affordable Housing Development Inc?

Baltimore Affordable Housing Development Inc is a nonprofit organization based in Baltimore, Maryland, specifically at 417 East Fayette Street 13. Their mission is to revitalize housing projects for the Housing Authority of Baltimore City, approved by the US Department of Housing and Urban Development (HUD) under HUD's HOPE VI Grant. Their primary focus is to enhance the supply of quality affordable housing in Baltimore City by owning, operating, and developing housing projects. They aim to lessen government burdens and engage in activities that align with the Internal Revenue Code Section 501(c)(3) and applicable state laws.


Is Baltimore Affordable Housing Development Inc legitimate?

Baltimore Affordable Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Affordable Housing Development 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: $937,605

For more financial information, click here


What is the mission statement of Baltimore Affordable Housing Development Inc?
Who is the CEO of Baltimore Affordable Housing Development Inc?
What is the revenue of Baltimore Affordable Housing Development Inc?
Who are the executives of Baltimore Affordable Housing Development Inc and what are their salaries?
Where can I find the form 990 for Baltimore Affordable Housing Development Inc?

Mission Statement of Baltimore Affordable Housing Development Inc

Baltimore Affordable Housing Development Inc, a nonprofit organization, strives to enhance the availability of quality affordable housing in Baltimore City. By owning, operating, and taking necessary steps to develop housing projects, this esteemed institution aims to make a significant impact on the community. In line with its mission, the organization works diligently to lessen government burdens and engages in activities that align with Section 501C3 of the Internal Revenue Code and applicable state law.

Baltimore Affordable Housing Development Inc's dedication to its cause is unwavering. It focuses on the development and improvement of affordable housing projects within the jurisdiction of the Housing Authority of Baltimore City. The organization's vision extends beyond just owning and operating properties. By increasing the supply of quality affordable housing, it sets out to make a tangible difference in people's lives and contribute to the betterment of the community as a whole.

Through its various projects and initiatives, Baltimore Affordable Housing Development Inc plays a pivotal role in addressing the housing needs of Baltimore City. By working in harmony with the Housing Authority of Baltimore City and adhering to applicable state and federal regulations, the organization ensures the success and sustainability of its mission. Its commitment to providing quality affordable housing is an essential component of its mission, making it an invaluable resource for the community it serves.

Impact

This information is meant to be a general summary of Baltimore Affordable Housing Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Baltimore Affordable Housing Development Inc plays a crucial role in increasing the availability of quality affordable housing in Baltimore City. The organization works closely with the Housing Authority of Baltimore City to facilitate revitalization plans and development projects that are approved by the US Department of Housing and Urban Development (HUD) under HUD's HOPE VI grant. By owning, operating, and developing housing projects in alignment with their mission, Baltimore Affordable Housing Development Inc helps to alleviate the burden on government resources while actively working to enhance the supply of affordable housing in the city. Their impact directly addresses the pressing housing needs of the community and contributes to the overall well-being of Baltimore City residents.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,517,891
  • Program Service Revenue: $2,160,709
  • Gross Receipts: $35,011,718

    • Assets and Liabilities:
  • Total Assets: $290,640,425
  • Total Liabilities: $3,430,571
  • Net Assets: $287,209,854
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPERS REVENUE

    Revenue

    $1,940,975

    PROPERTY MANAGEMENT FEES

    Revenue

    $217,409

    GROUND LEASE REVENUE

    Revenue

    $2,325

    Organization Details

    Founding Year

    2014

    Principal Officer

    John Wilson

    Main Address

    417 EAST FAYETTE STREET 13, BALTIMORE, MD, 21202

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Baltimore Affordable Housing Development 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.