Form 990 for tax year 2024
Filed by SOUTH BALTIMORE COMMUNITY LAND TRUST INC.
Totals
- Total revenue
- $2,025,144
- Total expenses
- $659,689
- Contributions and grants received
- $2,019,076
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5,446
- Other revenue
- $622
- Total assets, end of year
- $4,076,047
- Total liabilities, end of year
- $92,356
- Net assets or fund balances, end of year
- $3,983,691
- Program services expenses (Part IX)
- $489,352
- Management and general expenses
- $170,337
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $489,352
Program services were 74.2% 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
$2,019,076
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $5,446 · related or exempt $5,446 · 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
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11d · All other revenue
total $622 · related or exempt $622 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$622
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 $0 · program services $0 · 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 $372,752 · program services $275,841 · management and general $96,911 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $20,610 · program services $20,610 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $54,244 · program services $54,244 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $11,523 · program services $11,523 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $34,287 · program services $0 · management and general $34,287 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $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 $38,415 · program services $25,628 · management and general $12,787 · fundraising $0
-
12 · Advertising and promotion
total $2,673 · program services $2,673 · management and general $0 · fundraising $0
-
13 · Office expenses
total $1,420 · program services $1,420 · management and general $0 · fundraising $0
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $16,592 · program services $1,291 · management and general $15,301 · fundraising $0
-
17 · Travel
total $7,045 · program services $7,045 · 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 $5,612 · program services $5,612 · management and general $0 · fundraising $0
-
20 · Interest
total $6,434 · program services $6,434 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,045 · program services $0 · management and general $1,045 · fundraising $0
-
23 · Insurance
total $14,630 · program services $12,837 · management and general $1,793 · fundraising $0
-
24e · All other expenses
total $72,407 · program services $64,194 · management and general $8,213 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,064,923 · end of year $853,535
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $636,121 · end of year $1,208,555
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
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 $0 · end of year $0
-
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
$2,018,240
-
10b · Land, buildings and equipment: accumulated depreciation
$4,283
-
10c · Land, buildings and equipment, net
beginning of year $1,124,568 · end of year $2,013,957
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $3,000 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $64,632 · end of year $84,227
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $20,000 · end of year $8,129
-
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 $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $147,249 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,596,731 · end of year $3,983,691
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
To create development without displacement and a just transition to Zero Waste.
Activities or mission (Part I)
To create community led development without displacement.
-
In 2024, South Baltimore Community Land Trust (SBCLT) helped advocate for and pass the CLT Condo Bill, making it easier for other CLTs to create multifamily housing. SBCLT also completed its first permanently affordable home, and published an article in a peer-reviewed journal based on youth research on evidence of coal dust in South Baltimore.
Expenses $489,352
As filed on the 2024 return.
Listed in Part VII
-
Christina Schoppert Devereux
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Amy Whitehead
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Matthew Aubourg
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Sharon Hunt
Board Chair
- 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.
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SBCLT
C · Acquire properties for re-development · MD · 1.68% owned · share of income $0 · share of assets $4,076,046
Directly controlled by South Baltimore Community Land Trust
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 August 2025
- IRS schema version
- 2024v5.0
- Source object
- 202522189349301727
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