Midway Neighborhood Cooperative Inc

Nonprofit profile at a glance

EIN
832894699
IRS 990-EZ coverage
2019–2023
Forms available
Form 990-EZ 2023
Location
Baltimore, MD, USA
Phone
4434658856
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Home Improvement and Repairs

Official website

Reported finances

Revenue
$20,080
Expenses
$420,525
Assets
$91,080
Liabilities
$509,567

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • NICHOLAS WISNIEWSKI (President)
  • SCOTT BERZOFSKY (Vice President)

People named in this filing

  • NICHOLAS WISNIEWSKI (President)
  • SCOTT BERZOFSKY (Vice President)
  • MOLLY PORTER (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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The midway neighborhood cooperative is a cooperatively run construction and neighborhood development company. Made up of midway residents and business owners, mnc is dedicated to principles of affordability, sustainability, solidarity and participatory planning rooted in a democratic workplace. We work to build neighbordhood resources for and by residents of the midway neighborhood where we work and live.

What it reported doing in 2023

Construction: we collaborate with professional architects, engineers, urban designers and city planners to collectively plan, design, construct, restore and maintain new and existing structures in the midway neighborhood. We work to establish high-quality, sustainable residential housing and communal resources that meet the needs of midway residents physical structures that support the existence of resilient, healthy social structures.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 12
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1,994.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 5.59; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 41.5% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: -14.6% per year; rating input score 0; 20th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $412K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.