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← BELOVED COMMUNITY SERVICES CORPORATION

Form 990 for tax year 2023

Filed by BELOVED COMMUNITY SERVICES CORPORATION.

Totals

Total revenue
$4,225,146
Total expenses
$660,906
Contributions and grants received
$3,890,228
Grants paid
$848
Program service revenue
$265,303
Investment income
$59,725
Other revenue
$9,890
Total assets, end of year
$12,585,141
Total liabilities, end of year
$6,000,947
Net assets or fund balances, end of year
$6,584,194
Program services expenses (Part IX)
$475,563
Management and general expenses
$185,343
Fundraising expenses
$0
Program service expenses (Part III)
$475,563

Program services were 72.0% 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.

  • 1e · Government grants (contributions)

    $3,859,253

  • 1f · All other contributions, gifts and grants

    $30,975

  • 2a · Program service revenue: DEVELOPER FEE

    total $265,303 · related or exempt $265,303

  • 3 · Investment income

    total $59,725 · related or exempt $59,725

  • 6a · Gross rents

    real property $9,100

  • 6c · Rental income or loss

    real property $9,100

  • 6d · Net rental income or loss

    total $9,100 · related or exempt $9,100

  • 11a · Other revenue: INTEREST INCOME

    total $184 · related or exempt $184

  • 11b · Other revenue: WATER ESCROW REFUND

    total $400 · related or exempt $400

  • 11c · Other revenue: INTEREST INCOME

    total $206 · related or exempt $206

  • 11e · Other revenue, total

    $790

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $848 · program services $848

  • 5 · Compensation of officers, directors and key employees

    total $210,000 · program services $180,000 · management and general $30,000

  • 7 · Other salaries and wages

    total $45,000 · management and general $45,000

  • 10 · Payroll taxes

    total $13,825 · program services $9,759 · management and general $4,066

  • 11a · Fees: management

    total $148,561 · program services $144,311 · management and general $4,250

  • 11b · Fees: legal

    total $23,405 · program services $22,457 · management and general $948

  • 11c · Fees: accounting

    total $37,425 · management and general $37,425

  • 11g · Fees: other

    total $30,941 · program services $1,033 · management and general $29,908

  • 12 · Advertising and promotion

    total $3,526 · program services $2,816 · management and general $710

  • 13 · Office expenses

    total $152 · program services $115 · management and general $37

  • 16 · Occupancy

    total $48,165 · program services $28,899 · management and general $19,266

  • 19 · Conferences, conventions and meetings

    total $950 · management and general $950

  • 20 · Interest

    total $49,499 · program services $49,499

  • 22 · Depreciation, depletion and amortization

    total $4,893 · program services $4,489 · management and general $404

  • 23 · Insurance

    total $3,443 · program services $2,401 · management and general $1,042

  • 24a · Other expenses: EVENTS

    total $5,767 · program services $5,767

  • 24e · All other expenses

    total $34,506 · program services $23,169 · management and general $11,337

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,897,604 · end of year $964,647

  • 2 · Savings and temporary cash investments

    end of year $16,678

  • 3 · Pledges and grants receivable

    end of year $131,061

  • 4 · Accounts receivable

    beginning of year $1,423,826 · end of year $2,330,000

  • 7 · Other notes and loans receivable

    beginning of year $7,119,525 · end of year $7,619,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,000 · end of year $3,342

  • 10a · Land, buildings and equipment: cost or other basis

    $495,327

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,920

  • 10c · Land, buildings and equipment, net

    beginning of year $193,234 · end of year $489,407

  • 11 · Investments: publicly traded securities

    beginning of year $16,678 · end of year $100,886

  • 14 · Intangible assets

    end of year $702,297

  • 15 · Other assets

    beginning of year $227,298 · end of year $227,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,000 · end of year $24,569

  • 23 · Secured mortgages and notes payable

    end of year $5,028,707

  • 24 · Unsecured notes and loans payable

    beginning of year $7,814,070 · end of year $937,830

  • 25 · Other liabilities

    beginning of year $4,141 · end of year $9,841

  • 27 · Net assets without donor restrictions

    beginning of year $143,487 · end of year $3,707,727

  • 28 · Net assets with donor restrictions

    beginning of year $2,876,467 · end of year $2,876,467

Mission and programs · 2023

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.

  • TOTAL PROPERTY REHABILITATION

    Expenses $376,484 · Revenue $258,201

  • P.S. 103 JUSTICE THURGOOD MARSHALL CENTER IS THE RESTORATION OF THE PUBLIC SCHOOL ATTENDED BY THURGOOD MARSHALL INTO A COMMUNITY CENTER

    Expenses $96,139 · Revenue $3,875,055

  • ROBOTICS

    Expenses $2,940

  • COMMUNITY ART COLLABORATIVE

  • 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

  • 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

As filed on the 2023 return.

Listed in Part VII

  • Alvin Hathaway Sr

    PRESIDENTCEO

    Total calculated
    $180,000
    From this org
    $180,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,000

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2024
IRS schema version
2023v5.1
Source object
202433189349306163

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