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Nonprofiteer
← BALTIMORE FOOD HUB INC

Form 990 for tax year 2023

Filed by BALTIMORE FOOD HUB INC.

Totals

Total revenue
$117,604
Total expenses
$17,636
Contributions and grants received
$96,335
Grants paid
$0
Program service revenue
$21,269
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,934,200
Total liabilities, end of year
$1,209,040
Net assets or fund balances, end of year
$3,725,160
Program services expenses (Part IX)
$0
Management and general expenses
$17,636
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1d · Related organizations

    $69,775

  • 1f · All other contributions, gifts and grants

    $26,560

  • 2a · Program service revenue: INTEREST INCOME

    total $21,269 · related or exempt $21,269

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,960 · management and general $2,960

  • 13 · Office expenses

    total $4,973 · management and general $4,973

  • 23 · Insurance

    total $1,190 · management and general $1,190

  • 24a · Other expenses: BAD DEBTS

    total $6,513 · management and general $6,513

  • 24b · Other expenses: LICENSES AND FEES

    total $2,000 · management and general $2,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,701 · end of year $701

  • 4 · Accounts receivable

    beginning of year $95,666 · end of year $110,422

  • 7 · Other notes and loans receivable

    beginning of year $1,632,292 · end of year $1,632,292

  • 9 · Prepaid expenses and deferred charges

    beginning of year $457 · end of year $50,457

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

    $814,991

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $751,415 · end of year $814,991

  • 13 · Investments: program-related

    beginning of year $100,500 · end of year $100,500

  • 15 · Other assets

    beginning of year $2,120,229 · end of year $2,224,837

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,000 · end of year $35,472

  • 23 · Secured mortgages and notes payable

    beginning of year $225,000 · end of year $225,000

  • 25 · Other liabilities

    beginning of year $866,068 · end of year $948,568

  • 27 · Net assets without donor restrictions

    beginning of year $3,625,192 · end of year $3,725,160

Mission and programs · 2023

Mission

TO OPERATE A CAMPUS HOUSING SITE THAT CREATES A SYNERGISTIC GROUP OF FOOD-RELATED BUSINESSES, SERVICES, AND PROGRAMS FOR A SOCIAL WORK ENTERPRISE TRAINING FACILITY.

Activities or mission (Part I)

PROJECT AIMED AT CREATING JOBS AND ECONOMIC OPPORTUNITY FOCUSED ON THE FOOD INDUSTRY.

  • THE BALTIMORE PUMPHOUSE IS A MULTI-PHASED, $27M INITIATIVE TO ESTABLISH A SMALL BUSINESS TOWN CENTER IN THE HEART OF A SEVERELY DISTRESSED COMMUNITY THAT WAS ONCE AN EPICENTER OF BUSINESS AND RETAIL. THE BALTIMORE PUMPHOUSE HAS EXPANDED TO EIGHT BUILDINGS (SIX OF WHICH ARE HISTORIC) (THE "PROJECT") LOCATED AT THE CORNER OF N. WOLFE AND N. GAY STREETS, IN BALTIMORE'S BROADWAY EAST COMMUNITY (THE "PROPERTY").THE PROJECT SPONSOR, AMERICAN COMMUNITIES TRUST ("ACT"), IS A NON-PROFIT COMMUNITY DEVELOPMENT PARTNER SPECIALIZING IN CREATING INCLUSIVE ECONOMIC DEVELOPMENT PROJECTS THAT BRING GROWTH AND PROSPERITY TO LOWINCOME RESIDENTS. THE FIVE BUILDINGS THAT CONSTITUTE THE BALTIMORE PUMPHOUSE WERE BUILT 125 YEARS AGO AS THE WATER PUMPING STATION FOR EAST BALTIMORE.VACANT SINCE THE 1990'S, THE CONDITION OF THE BUILDINGS WAS SO DERELICT THAT THEY BECAME THE PERFECT FILMING LOCATION FOR THE WIRE. KEY OBJECTIVES OF THE PROJECT INCLUDE: ELIMINATING FOUR ACRES OF BLIGHT FROM A SEVERELY DISTRESSED COMMUNITY, SUPPORTING MINORITY AND LOCALLY OWNED SMALL BUSINESSES; LOCAL JOB CREATION; INCREASING OPPORTUNITIES FOR COMMERCE AND THE CIRCULATION OF THE DOLLAR WITHIN THE COMMUNITY; RELIEVING PRESSURE ON AND UTILIZATION OF SOCIAL SERVICES; INCREASING DIRECT ACCESS TO HEALTHY FOOD; AND RESTORING HISTORICAL TREASURES. THIS MULTI-PHASE STRATEGY IS CURRENTLY IN ITS FINAL PHASE FOR COMPLETION.THE WORK DONE TO DATE INCLUDES:CONSTRUCTION COMPLETED IN AUGUST 2017: COMPLETED ENVIRONMENTAL REMEDIATION, SITE WORK AND REPAIR OF ESSENTIAL INFRASTRUCTURE, WHILE BUILDING NEW 8,000 SF COMMERCIAL PRODUCTION AND TEACHING KITCHENS (BUILDING 7-NEW CONSTRUCTION).CONSTRUCTION COMPLETED IN OCTOBER 2019: REHABILITATED THE HISTORIC STOREHOUSE (BUILDING 3). TODAY, THE 9,890 SF STOREHOUSE SERVES CREATIVES, HOUSING A PHOTOGRAPHY AND MOTION STUDIO AND FASHION ATELIERS.CONSTRUCTION COMPLETED IN NOVEMBER 2022: REHABILITATED 6,830 SF HISTORIC STABLES (BUILDINGS 5 AND 6) AND CONSTRUCTING A NEW CONNECTOR BETWEEN BUILDINGS 5 AND 6 TO FORM ONE SINGLE BUILDING. THE HISTORIC STABLES WILL HOST WEDDINGS AND SMALL CONFERENCES. COMMENCEMENT OF CONSTRUCTION ON BUILDING 1 (AS OFFICES AND FLEX SPACE UNDER PRE-LEASE) IN JUNE 2024.

    Revenue $21,269

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAROLINE MCMANUS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CHINA BOAK TERRELL

    PRESIDENT AND TREASURER

    Total calculated
    $127,000
    From this org
    $0
    From related orgs
    $127,000
    Other
    $0
    Hours/week
    4 + 40 related

  • JANICE WOODCOCK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HEALTHY EAST BALTIMORE LLC

    TO FACILITATE INVESTMENT IN THE BALTIMORE FOOD HUB · MD

  • BFH LL LLC

    RELATED · LENDING · MD · 5% owned · share of income -$3,162 · share of assets $274,062

    Directly controlled by AMERICAN COMMUNITIES TRUST

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BFH MEMBER LLC

    C · INVESTMENT · MD · 100% owned · share of income -$3,470 · share of assets $500 · controlled entity

    Directly controlled by BALTIMORE FOOD HUB INC

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413189349305006

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