Form 990 for tax year 2024
Filed by BELOVED COMMUNITY SERVICES CORPORATION.
Totals
- Total revenue
- $3,470,885
- Total expenses
- $2,189,981
- Contributions and grants received
- $2,999,160
- Grants paid
- $0
- Program service revenue
- $325,274
- Investment income
- $102,951
- Other revenue
- $43,500
- Total assets, end of year
- $13,205,091
- Total liabilities, end of year
- $5,339,993
- Net assets or fund balances, end of year
- $7,865,098
- Program services expenses (Part IX)
- $1,588,675
- Management and general expenses
- $560,528
- Fundraising expenses
- $40,778
- Program service expenses (Part III)
- $1,588,675
Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$182,650
-
1e · Government grants (contributions)
$2,816,510
-
2a · Program service revenue: DEVELOPER FEE
total $204,441 · related or exempt $204,441
-
2b · Program service revenue: RIGHTS OF USE ASSETS
total $120,833 · related or exempt $120,833
-
3 · Investment income
total $95,451 · related or exempt $95,451
-
6a · Gross rents
real property $41,500
-
6c · Rental income or loss
real property $41,500
-
6d · Net rental income or loss
total $41,500 · related or exempt $41,500
-
7a · Gross sales of assets other than inventory
other assets $7,500
-
7c · Gain or loss
other assets $7,500
-
7d · Net gain or loss
total $7,500 · related or exempt $7,500
-
8a · Fundraising events: contributions included on line 1c
$182,650
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: MISCELLANEOUS BANK FEES
total $2,000 · related or exempt $2,000
-
11b · Other revenue: WATER ESCROW REFUND
-
11e · Other revenue, total
$2,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $145,451 · program services $87,271 · management and general $58,180
-
10 · Payroll taxes
total $47,797 · program services $28,678 · management and general $19,119
-
11a · Fees: management
total $1,544,954 · program services $1,400,218 · management and general $103,958 · fundraising $40,778
-
11b · Fees: legal
total $16,995 · management and general $16,995
-
11c · Fees: accounting
total $35,975 · management and general $35,975
-
11g · Fees: other
total $2,740 · management and general $2,740
-
12 · Advertising and promotion
total $51,682 · management and general $51,682
-
13 · Office expenses
total $38,659 · management and general $38,659
-
14 · Information technology
total $375 · management and general $375
-
16 · Occupancy
total $92,306 · program services $36,693 · management and general $55,613
-
20 · Interest
total $173,425 · management and general $173,425
-
22 · Depreciation, depletion and amortization
total $6,578 · program services $5,772 · management and general $806
-
23 · Insurance
total $32,384 · program services $30,043 · management and general $2,341
-
24a · Other expenses: LICENSES AND PERMITS
total $660 · management and general $660
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $964,647 · end of year $418,708
-
2 · Savings and temporary cash investments
beginning of year $16,678 · end of year $100,523
-
3 · Pledges and grants receivable
beginning of year $131,061 · end of year $500,000
-
4 · Accounts receivable
beginning of year $2,330,000 · end of year $1,713,531
-
7 · Other notes and loans receivable
beginning of year $7,619,525 · end of year $7,206,733
-
9 · Prepaid expenses and deferred charges
beginning of year $3,342 · end of year $1,645
-
10a · Land, buildings and equipment: cost or other basis
$809,572
-
10b · Land, buildings and equipment: accumulated depreciation
$26,741
-
10c · Land, buildings and equipment, net
beginning of year $489,407 · end of year $782,831
-
11 · Investments: publicly traded securities
beginning of year $100,886
-
14 · Intangible assets
beginning of year $702,297 · end of year $696,898
-
15 · Other assets
beginning of year $227,298 · end of year $1,784,222
-
17 · Accounts payable and accrued expenses
beginning of year $24,569 · end of year $6,933
-
23 · Secured mortgages and notes payable
beginning of year $5,028,707 · end of year $3,476,454
-
24 · Unsecured notes and loans payable
beginning of year $937,830 · end of year $1,779,697
-
25 · Other liabilities
beginning of year $9,841 · end of year $76,909
-
27 · Net assets without donor restrictions
beginning of year $3,707,727 · end of year $1,429,217
-
28 · Net assets with donor restrictions
beginning of year $2,876,467 · end of year $6,435,881
Mission and programs · 2024
Mission
BELOVED COMMUNITY SERVICES CORPORATIONS MISSION IS TO PROVIDE THE TOOLS NECESSARY TO BRIDGE THE KNOWLEDGE, ECONOMIC, EDUCATIONAL, DIGITAL, AND POLITICAL GAP THAT CAUSES MANY OF THE SOCIAL ISSUES THAT PLAGUE BALTIMORE.
-
P.S. 103 JUSTICE THURGOOD MARSHALL CENTER IS THE RESTORATION OF THE PUBLIC SCHOOL ATTENDED BY THURGOOD MARSHALL INTO A COMMUNITY CENTER
Expenses $894,978 · Revenue $924,733
-
TOTAL PROPERTY REHABILITATION
Expenses $693,697 · Revenue $1,874,886
-
ACT NOW BALTIMORE IS A PROJECT WHERE BELOVED COMMUNITY SERVICES IS DEVELOPING A NETWORK OF CHURCHES
-
THE FAMILY STABILIZATION PROGRAM IS A JOINT VENTURE BETWEEN BELOVED COMMUNITY SERVICES CORPORATION, UNIVERSITY OF MARYLAND SCHOOL OF SOCIAL WORK, AND UNITED WAY OF CENTRAL MARYLAND TO PROVIDE FUNDING TO FAMILIES WHOSE CHILDREN ATTEND SCHOOLS IN MARBLE HILL AND UPTON TO PREVENT ABSENTEEISM DUE TO THE FINANCIAL STRESS WITHIN THEIR FAMILY
-
GIRLS WHO CODE IS A TRAINING PROGRAM FOR YOUNG LADIES IN MIDDLE AND HIGH SCHOOL TO TEACH THEM CODING AS A MEANS OF CREATING A NEW GENERATION OF TALENT IN THAT FIELD
-
FRIENDS OF HENRY HIGHLAND GARNET PARK IS A PROGRAM TO CLEAN UP THE NEIGHBORHOOD WHERE COMMUNITY PERSONS PRESERVE THE PARK AND MAINTAIN GREEN SPACE IN 21217
-
COMMUNITY ART COLLABORATIVE
-
ROBOTICS
As filed on the 2024 return.
Listed in Part VII
-
ALVIN HATHAWAY Sr
PRESIDENTCEO
- Total calculated
- $145,451
- From this org
- $145,451
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Doug DesmaraisDOUG DESMARAIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sean CaineSEAN CAINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Adaria SogborDR ADARIA SOGBOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Stephanie Flores KoulishDR STEPHANIE FLORES KOULISH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nanette GoinsNANETTE GOINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maurice HowellMAURICE HOWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Allen BurrusALLEN BURRUS
CHAIR PERSONNEL COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen SetzerKATHLEEN SETZER
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Marcia FlournoyMARCIA FLOURNOY
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Granville TempletonGRANVILLE TEMPLETON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349315687
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