Form 990 for tax year 2024
Filed by BAYBROOK REVITALIZATION FUND INC.
Totals
- Total revenue
- $276,155
- Total expenses
- $113,242
- Contributions and grants received
- $275,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $1,155
- Total assets, end of year
- $327,932
- Total liabilities, end of year
- $112,081
- Net assets or fund balances, end of year
- $215,851
- Program services expenses (Part IX)
- $102,816
- Management and general expenses
- $10,426
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $102,816
Program services were 90.8% 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)
$250,000
-
1f · All other contributions, gifts and grants
$25,000
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $1,155 · related or exempt $1,155
-
11e · Other revenue, total
$1,155
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $92,832 · program services $92,832
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $4,567 · program services $4,347 · management and general $220
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $6,933 · program services $1,985 · management and general $4,948
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $3,713 · program services $1,466 · management and general $2,247
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $188 · program services $62 · management and general $126
-
23 · Insurance
total $0
-
24a · Other expenses: MISCELLANEOUS
total $4,812 · program services $2,059 · management and general $2,753
-
24b · Other expenses: Printing and Publications
total $197 · program services $65 · management and general $132
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $52,664 · end of year $289,450
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $15,164
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $292 · end of year $22,673
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$939
-
10b · Land, buildings and equipment: accumulated depreciation
$294
-
10c · Land, buildings and equipment, net
beginning of year $833 · end of year $645
-
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
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $448
-
23 · Secured mortgages and notes payable
end of year $50,000
-
25 · Other liabilities
beginning of year $851 · end of year $61,633
-
27 · Net assets without donor restrictions
end of year $1,108
-
28 · Net assets with donor restrictions
beginning of year $52,938 · end of year $214,743
Mission and programs · 2024
Mission
Baybrook Revitalization Fund, Inc. BRF is a non-profit community development organization, whose mission is to provide innovative financial and community development services to underserved businesses, organizations, and residents to drive revitalization and build local wealth in distressed neighborhoods in the greater Baltimore region.
Activities or mission (Part I)
Provide innovative financial and community development services to underserved businesses, organizations, and residents to drive revitalization and build local wealth in distressed neighborhoods in the greater Baltimore region.
-
Financial services - BRF provides flexible capital to underserved entrepreneurs, with a focus on Black, Latino, and businesses that operate in an undercapitalized census tract in greater Baltimore. Our initial geographic focus is in the Brooklyn, Brooklyn Park, and Curtis Bay communities. In the long term, we expect to serve entrepreneurs in the greater Baltimore region. BRF Board members, staff, volunteers, independent contractors, and partners will conduct this activity. 66 percent of time and 66 percent of overall expenses will be allocated to this activity, which primarily will be funded by donations, grants, and fees. This activity furthers BRF's charitable exempt purposes by supporting an equitable and thriving small business community, which contributes to neighborhood revitalization and building local wealth in distressed neighborhoods in the greater Baltimore region.
Expenses $67,859 · Revenue $1,155
-
Development services - BRF provides business technical assistance to legacy and emerging businesses, including business planning, financial projections, operations, credit building, and marketing assistance. Free technical assistance includes workshops and 1:1 coaching, as well as access to specialized professional services such as accounting, legal services, graphic design, or HR experts. BRF Board members, staff, volunteers, independent contractors, and partners will conduct this activity initially in the Brooklyn, Brooklyn Park, and Curtis Bay communities. In the long term, we expect to serve entrepreneurs in the greater Baltimore region. 34 percent of time and 34 percent of overall expenses will be allocated to this activity, which primarily will be funded by donations and grants. This activity furthers BRF's charitable exempt purposes by fostering an equitable and thriving small business community, which contributes to neighborhood revitalization and building local wealth in distressed neighborhoods in the greater Baltimore region.
Expenses $34,957
As filed on the 2024 return.
Listed in Part VII
-
Meredith ChaikenMEREDITH CHAIKEN
CEO
- Total calculated
- $137,600
- From this org
- $0
- From related orgs
- $122,100
- Other
- $15,500
- Hours/week
- 5 + 35 related
-
Naisha VinsonNAISHA VINSON
President
- Total calculated
- $0
- Hours/week
- 1
-
Lisa BowlingLISA BOWLING
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Kellie GaitherKELLIE GAITHER
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Daniel McGintyDANIEL MCGINTY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shannon NysSHANNON NYS
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501c3 · COMMUNITY DEVELOPMENT · MD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 April 2026
- IRS schema version
- 2024v5.2
- Source object
- 202641059349302334
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