Form 990 for tax year 2024
Filed by PEOPLES HOMESTEADING GROUP INC.
Totals
- Total revenue
- $234,878
- Total expenses
- $230,379
- Contributions and grants received
- $207,009
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $29
- Other revenue
- $27,840
- Total assets, end of year
- $2,735,520
- Total liabilities, end of year
- $2,073,352
- Net assets or fund balances, end of year
- $662,168
- Program services expenses (Part IX)
- $230,379
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $230,379
Program services were 100.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$161,709
-
1f · All other contributions, gifts and grants
$45,300
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $29 · related or exempt $29 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $27,389 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $27,389 · personal property $0
-
6d · Net rental income or loss
total $27,389 · related or exempt $27,389 · unrelated business $0 · excluded $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11d · All other revenue
total $451 · related or exempt $451 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$451
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $24,400 · program services $24,400 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $403 · program services $403 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $10,929 · program services $10,929 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $5,000 · program services $5,000 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $0 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $6,257 · program services $6,257 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $3,830 · program services $3,830 · management and general $0 · fundraising $0
-
14 · Information technology
total $579 · program services $579 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $12,792 · program services $12,792 · management and general $0 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $8,649 · program services $8,649 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $14,827 · program services $14,827 · management and general $0 · fundraising $0
-
23 · Insurance
total $15,715 · program services $15,715 · management and general $0 · fundraising $0
-
24a · Other expenses: Payment to General Contractor for 5-House Project From City Grant--CCG-RND03-CAP-Draw 2-A
total $118,109 · program services $118,109 · management and general $0 · fundraising $0
-
24b · Other expenses: Utilities--Baltimore Gas & Electric-Multiple Properties
total $8,649 · program services $8,649 · management and general $0 · fundraising $0
-
24c · Other expenses: Mobile Phone Service--Pure Talk
total $240 · program services $240 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,049 · end of year $1,395
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $400,000 · end of year $308,000
-
4 · Accounts receivable
beginning of year $50,000 · end of year $1,695
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $80,000 · end of year $80,000
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,344,430
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $503,800 · end of year $2,344,430
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $162,000 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $12,800 · end of year $20,178
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $49,800
-
23 · Secured mortgages and notes payable
beginning of year $497,107 · end of year $1,988,374
-
24 · Unsecured notes and loans payable
beginning of year $112,456 · end of year $15,000
-
25 · Other liabilities
beginning of year $44,000
-
27 · Net assets without donor restrictions
beginning of year $539,486 · end of year $662,168
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
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.
Activities or mission (Part I)
People's Homesteading Group (PHG) develops, coordinates and implements programs and related activities that create opportunities for home ownership for low-to-moderate income households by making physical and social improvements in deteriorated Baltimore neighborhoods, focusing on rehabilitation of vacant, abandoned residential properties. PHG eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing and revitalizing deteriorated Baltimore neighborhoods. In addition, the organization hires disadvantaged adults for entry level construction jobs by carrying out interior demolition for the organization's own projects. Our organization also supported resident efforts to create gardens on vacant lots.
-
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.
Expenses $230,379 · Grants $191,117 · Revenue $234,877
-
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.
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Not Applicable
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Not Applicable
As filed on the 2024 return.
Listed in Part VII
-
Michael Mazepink
Executive Director
- Total calculated
- $57,600
- From this org
- $28,800
- From related orgs
- $0
- Other
- $28,800
- Hours/week
- 40
-
Grace Willis
President
- Total calculated
- $0
- Hours/week
- 2
-
Malindi Lankatilleke
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Grace Comer
Board Director
- Total calculated
- $0
- Hours/week
- 1
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
- 15 May 2026
- IRS schema version
- 2024v5.0
- Source object
- 202601359349304240
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