Peoples Homesteading Group Inc

Nonprofit profile at a glance

EIN
521317246
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Baltimore, MD, USA
Phone
4108890071
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$234,878
Expenses
$230,379
Assets
$2,735,520
Liabilities
$2,073,352

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Michael Mazepink (Executive Director)
  • Grace Willis (President)
  • Malindi Lankatilleke (Vice President)

Highest reported compensation

  • Michael Mazepink (Executive Director): $57,600 total reported compensation

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

Overview

Mission

People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and creates job opportunities for disadvantaged adults. PHG also eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods. PHG also supports neighborhood residents and community leaders to develop and implement physical improvements such as establishing and maintaining gardens on vacant lots as a means of beautifying the neighborhood adjacent to our housing efforts and as a means of engaging youth and their families to responsibly carry out their own physical improvements to their community.

What it reported doing in 2024

In October 2024, People's Homesteading Group (PHG) executed a deed of trust and two notes that provided construction & bridge financing in the amount of $2,008,000 from the Neighborhood Impact Investment Fund. These funds were the principal source of funds to rehabilitate & sell 5 formerly dilapidated, blighted vacant houses for sale to homeowners. These 5 homes raised to twenty homes the number of renovated homes developed by PHG on the 400-block of East 22nd Street--417, 432, 439, 448 and 450 East 22nd. This Historic East 22nd Street Project also received an award of $200,000 in construction related grants from the Baltimore City Department of Housing and Community Development By June 30, 2025, PHG, utilizing the services of a general contractor, successfully renovated the five houses and achieved Baltimore City certificates of occupancy and approval of the important historic property tax credits issued by the Baltimore City Commission for Historical and Architectural Preservation (CHAP) for each of the five homes. Renovating the five vacant houses has increased our number of renovated and sold homes to 20 houses on the 400-block of East 22nd Street. PHG also continues to hire disadvantaged adults to work on our properties through a general contractor and subcontractors and through our Greenmount Jobs center. We also engage minority business enterprises and a woman-owned business enterprise for this work through our General Contractor. Subsequently, after June 30, 2025, PHG successfully sold all five of the properties by the end of calendar year 2025 and has paid back NIIF for construction financing. These events will be reported in the IRS Form 990 for the year ending June 30, 2026.

Operating model

Revenue model
Grant-funded. 69% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 86
  • Accountability: 69
  • Sustainability: 50
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.1%; rating input score 98
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th 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: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.9%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 11.87; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 25%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -14.1% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -10.9% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 98.1% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $230K in reported program spending
  • Leadership: top reported pay $58K · 4 people listed
  • Highest-paid contractors: 1 contractor listed · $1.6M reported
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 8 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.