Baltimore Neighborhood Development Corp C/o Rebuild Metro

Nonprofit profile at a glance

EIN
301363209
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Baltimore, MD, USA
Phone
4434651342
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$171,494
Expenses
$177,676
Assets
$73,754
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • GEORGO HOPKINS (BOARD CHAIR)
  • NEIL DIDRIKSEN (TREASURER)
  • SEAN CLOSKEY (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist public and private organizations in baltimore city with the redevelopment of disinvested neighborhoods and the redevelopment of the 13,000+ abandoned residential properties throughout the city.

What it reported doing in 2024

Bndc sponsors research on financial strategies for neighborhood redevelopment, conducts educational programs on neighborhood redevelopment for community leaders in these neighborhoods, and works with nonprofit housing developers and community development corporations (cdcs) to support their work in rebuilding abandoned housing throughout the city of baltimore.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 38
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -3.6%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 34.8% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -8% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $178K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.