Form 990 for tax year 2022

Filed by BALDWIN HOUSE COMMUNITY COLLECTIVE.

Totals

Total revenue: $260,363
Total expenses: $279,906
Contributions and grants received: $260,363
Grants paid: $20,000
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $1,569,574
Total liabilities, end of year: $1,455,000
Net assets or fund balances, end of year: $114,574
Program services expenses (Part IX): $276,927
Management and general expenses: $2,979
Fundraising expenses: $0
Program service expenses (Part III): $276,927

Program services were 98.9% 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)

$0
1f · All other contributions, gifts and grants

$260,363
1g · Noncash contributions included above

$0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $0 · related or exempt $0 · 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 $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $20,000 · program services $20,000
11g · Fees: other

total $48,450 · program services $48,450
24a · Other expenses: Contractual building maintenance payments made to building seller in order to continue negotiations.

total $68,000 · program services $68,000 · management and general $0 · fundraising $0
24b · Other expenses: Payments made to support the purchase of building and the creation of a low income housing co-op

total $140,477 · program services $140,477 · management and general $0 · fundraising $0
24c · Other expenses: Banking Fees

total $2,979 · program services $0 · management and general $2,979 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $9,117 · end of year $199,574
2 · Savings and temporary cash investments

beginning of year $0
3 · Pledges and grants receivable

beginning of year $0
4 · Accounts receivable

beginning of year $0
5 · Loans and receivables from officers and key people

beginning of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $1,370,000
8 · Inventories for sale or use

beginning of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0
11 · Investments: publicly traded securities

beginning of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0
15 · Other assets

beginning of year $125,000
17 · Accounts payable and accrued expenses

beginning of year $0
18 · Grants payable

beginning of year $0
19 · Deferred revenue

beginning of year $0
20 · Tax-exempt bond liabilities

beginning of year $0
21 · Escrow or custodial account liability

beginning of year $0
22 · Loans and payables to officers and key people

beginning of year $0
23 · Secured mortgages and notes payable

beginning of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $1,455,000
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $134,117 · end of year $114,574

Mission and programs · 2022

Mission

"Baldwin House Community Collective supports the creation and sustaining of cooperatives and provides education to the larger community around cooperatives. We intend to create and provide technical, organizing, financial, and other support to democratically-run, community-led, and sustainable cooperatives that are grounded in communities that have been historically marginalized, denied safe, affordable housing, and excluded from formal economies. The goal is to create models of intentional, democratically-run, and collectively held spaces that allow communities the safety to grow, create, and thrive. Baldwin House Community Collective is managed by its Directors and intends to operate as a 501(c)(3) organization.

Payments made to support the down-payment on an affordable housing cooperative to purchase a building.

Expenses $140,477
Development fees paid to help develop a proposal to obtain financing to purchase an affordable housing building.

Expenses $48,450
Contractual building maintenance payments made to building seller in order to continue negotiations.

Expenses $68,000
Support to tenants in exchange for assignment of rights to purchase building under DC Tenant's Opportunity to Purchase Act.

Expenses $20,000

As filed on the 2022 return.

Listed in Part VII

Leah Watson

Director/Treasurer

Total calculated

$0

Hours/week

2
Mandy Lee

Director

Total calculated

$0

Hours/week

5
Dani McCormick

Director

Total calculated

$0

Hours/week

5
Gabrielle Newell

Director

Total calculated

$0

Hours/week

5
Emily Paul

Director

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: 2022
Filed: 10 August 2024
IRS schema version: 2022v5.0
Source object: 202422419349301857

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