Form 990 for tax year 2023
Filed by PEOPLES HOMESTEADING GROUP INC.
Totals
- Total revenue
- $194,572
- Total expenses
- $161,517
- Contributions and grants received
- $128,532
- Grants paid
- $0
- Program service revenue
- $42,833
- Investment income
- $5
- Other revenue
- $23,202
- Total assets, end of year
- $1,205,849
- Total liabilities, end of year
- $666,363
- Net assets or fund balances, end of year
- $539,486
- Program services expenses (Part IX)
- $161,517
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $161,517
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
$17,848
-
1e · Government grants (contributions)
$95,969
-
1f · All other contributions, gifts and grants
$14,715
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Sale of a Transitional Housing Property 2100 Homewood Avenue sold for revenue after 20 years service
total $42,833 · related or exempt $42,833 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $5 · related or exempt $5 · 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 $23,202 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $23,202 · personal property $0
-
6d · Net rental income or loss
total $23,202 · related or exempt $23,202 · unrelated business $0 · excluded $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
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 $30,800 · program services $30,800 · 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 $3,025 · program services $3,025 · 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 $2,338 · program services $2,338 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $2,636 · program services $2,636 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $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
-
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 $800 · program services $800 · 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 $0 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $150 · program services $150 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $0 · program services $0 · 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 $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $42,000 · program services $42,000 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $56,869 · program services $56,869 · management and general $0 · fundraising $0
-
23 · Insurance
total $11,958 · program services $11,958 · management and general $0 · fundraising $0
-
24a · Other expenses: Director of Finance--Property Taxes--Jobs Center
total $2,709 · program services $2,709 · management and general $0 · fundraising $0
-
24b · Other expenses: DHCD--Baltimore City--Property Registration
total $780 · program services $780 · management and general $0 · fundraising $0
-
24c · Other expenses: MD DAT LLC Registration Anchors of Hope LLC
total $300 · program services $300 · management and general $0 · fundraising $0
-
24d · Other expenses: Utilities--PHG Office & Greenmount Jobs Center & 2100 Homewood
total $7,152 · program services $7,152 · 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 $7,610 · end of year $10,049
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $350,000 · end of year $400,000
-
4 · Accounts receivable
beginning of year $45,976 · end of year $50,000
-
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 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$508,750
-
10b · Land, buildings and equipment: accumulated depreciation
$4,950
-
10c · Land, buildings and equipment, net
beginning of year $597,132 · end of year $503,800
-
15 · Other assets
beginning of year $207,771 · end of year $162,000
-
17 · Accounts payable and accrued expenses
beginning of year $30,368 · end of year $12,800
-
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 $69,784 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $409,935 · end of year $497,107
-
24 · Unsecured notes and loans payable
beginning of year $271,971 · end of year $112,456
-
25 · Other liabilities
end of year $44,000
-
27 · Net assets without donor restrictions
beginning of year $506,431 · end of year $539,486
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
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.
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.
-
By June 30, 2023, People's Homesteading Group (PHG) had received notice of awards of $300,000 Baltimore City Department of Housing and Community Development for the purpose of renovation of five (5) vacant houses in the Barclay-Greenmount Historic District. These grant awards required contractual agreements with Baltimore City. PHG also submitted documentation for a rehabilitation tax credit to the Maryland Historical Trust for a property renovated and sold in 2021. PHG executed land disposition agreements with Mayor & City Council (MCC) and Baltimore City Department of Housing & Community Development to acquire three (3) vacant MCC houses on the 400-block of East 22nd Street. Renovating the five vacant houses will complete the renovation of vacant houses on the 400-block of East 22nd Street PHG continues to hire disadvantaged adults to work on our properties through a general contractor and subcontractors and through the Greenmount jobs center. In this year ending June 30, 2024, PHG submitted an application to the Neighborhood Impact Investment Fund (NIIF) of Baltimore City to provide construction loan financing for the 5 houses. The NIIF approval was only the beginning of the process to obtain the necessary financing to renovate the 5 houses. Subsequently, in November 2024, NIIF approved request construction financing.
Expenses $161,517 · Grants $95,969 · Revenue $194,572
-
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.
As filed on the 2023 return.
Listed in Part VII
-
Michael Mazepink
Executive Director
- Total calculated
- $28,800
- From this org
- $28,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Grace Comer
President
- Total calculated
- $0
- Hours/week
- 1
-
Malindi Lankatilleke
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Grace Willis
Secretary-Treasurer
- Total calculated
- $0
- Hours/week
- 2
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
- 2023
- Filed
- 3 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501249349300600
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