Baybrook Revitalization Fund Inc

Nonprofit profile at a glance

EIN
874561268
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Baltimore, MD, USA
Phone
4108041555
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Reported finances

Revenue
$276,155
Expenses
$113,242
Assets
$327,932
Liabilities
$112,081

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

Leadership & pay

6 people listed

Executive titles in this filing

  • MEREDITH CHAIKEN (CEO)
  • NAISHA VINSON (President)

Highest reported compensation

  • MEREDITH CHAIKEN (CEO): $137,600 total reported compensation

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

Overview

Mission

Baybrook Revitalization Fund, Inc. BRF is a non-profit community development organization, whose mission is to provide innovative financial and community development services to underserved businesses, organizations, and residents to drive revitalization and build local wealth in distressed neighborhoods in the greater Baltimore region.

What it reported doing in 2024

Development services - BRF provides business technical assistance to legacy and emerging businesses, including business planning, financial projections, operations, credit building, and marketing assistance. Free technical assistance includes workshops and 1:1 coaching, as well as access to specialized professional services such as accounting, legal services, graphic design, or HR experts. BRF Board members, staff, volunteers, independent contractors, and partners will conduct this activity initially in the Brooklyn, Brooklyn Park, and Curtis Bay communities. In the long term, we expect to serve entrepreneurs in the greater Baltimore region. 34 percent of time and 34 percent of overall expenses will be allocated to this activity, which primarily will be funded by donations and grants. This activity furthers BRF's charitable exempt purposes by fostering an equitable and thriving small business community, which contributes to neighborhood revitalization and building local wealth in distressed neighborhoods in the greater Baltimore region.

Operating model

Revenue model
Grant-funded. 91% of the money available for current operations came from government grants.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 69
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.2%; rating input score 37
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 59%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 2.9; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 13.7%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 46.7% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 53.2% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 37.2% of revenue deployed · 90.8% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $103K in reported program spending
  • Leadership: top reported pay $138K · 6 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.