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← BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN

Form 990 for tax year 2024

Filed by BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN.

Totals

Total revenue
$2,060,000
Total expenses
$361,285
Contributions and grants received
$2,060,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,395,438
Total liabilities, end of year
$3,480,800
Net assets or fund balances, end of year
$1,914,638
Program services expenses (Part IX)
$361,285
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$361,285

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.

  • 1e · Government grants (contributions)

    $2,000,000

  • 1f · All other contributions, gifts and grants

    $60,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $60,191 · program services $60,191

  • 11g · Fees: other

    total $73,168 · program services $73,168

  • 12 · Advertising and promotion

    total $151 · program services $151

  • 14 · Information technology

    total $9,450 · program services $9,450

  • 16 · Occupancy

    total $18,901 · program services $18,901

  • 22 · Depreciation, depletion and amortization

    total $11,301 · program services $11,301

  • 23 · Insurance

    total $101,418 · program services $101,418

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $499 · program services $499

  • 24e · All other expenses

    total $86,206 · program services $86,206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $359,803 · end of year -$145,289

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,976 · end of year $149,057

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

    $5,403,385

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

    $11,715

  • 10c · Land, buildings and equipment, net

    beginning of year $3,322,355 · end of year $5,391,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $2 · end of year $37,475

  • 19 · Deferred revenue

    beginning of year $824,764 · end of year $565,000

  • 23 · Secured mortgages and notes payable

    end of year $2,878,325

  • 24 · Unsecured notes and loans payable

    beginning of year $2,878,325

  • 27 · Net assets without donor restrictions

    beginning of year $46,043 · end of year $1,914,638

Mission and programs · 2024

Mission

TO IMPROVE AND STRENGTHEN THE ENABLING ENVIRONMENT FOR SMALL BUSINESS DEVELOPMENT SERVICES, ENHANCING THE ECOSYSTEM OF SMALL BUSINESS LENDING FOR BIPOC AND OTHER UNDERSERVED COMMUNITIES IN THE BALTIMORE REGION.

Activities or mission (Part I)

4

  • SMALL BUSINESS DEVELOPMENT: THE CENTER OFFERS WRAP-AROUND BUSINESS SERVICES IN PARTNERSHIP, COLLABORATION, AND/OR SPONSORSHIP WITH OTHER SERVICES PROVIDERS TO HELP BUSINESSES GROW AND EXPAND BEYOND MICRO TO SMALL, MEDIUM, AND LARGE BUSINESSES. THIS WILL BE DONE THROUGH OFFERING PLACED-BASED TRAINING AND A BUSINESS INCUBATION CENTER THAT OFFERS A WIDE VARIETY OF TRAINING AND CAPACITY BUILDING ACTIVITIES TO BUSINESSES AND ORGANIZATIONS REGIONALLY, NATIONALLY, OR PERHAPS EVEN INTERNATIONALLY.

    Expenses $361,285

As filed on the 2024 return.

Listed in Part VII

  • Alvin C Hathaway Sr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Sean Russell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Susan Kelly

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Nichole Doyle Battle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Watchen Harris Bruce

    PRESIDENT AND CEO - BCL

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Clarence Snuggs

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 39 related

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202503089349301610

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