Totals
- Total revenue
- $1,486,860
- Total expenses
- $2,162,915
- Contributions and grants received
- $367,647
- Grants paid
- $0
- Program service revenue
- $1,119,819
- Investment income
- $3,204
- Other revenue
- -$3,810
- Total assets, end of year
- $20,717,327
- Total liabilities, end of year
- $16,812,243
- Net assets or fund balances, end of year
- $3,905,084
- Program services expenses (Part IX)
- $1,917,028
- Management and general expenses
- $245,887
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,917,028
Program services were 88.6% 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)
$232,150
-
1f · All other contributions, gifts and grants
$135,497
-
2a · Program service revenue: RENTAL INCOME
total $1,119,819 · related or exempt $1,119,819
-
3 · Investment income
total $31,308 · excluded $31,308
-
7b · Less cost or other basis and sales expenses
other assets $28,104
-
7c · Gain or loss
other assets -$28,104
-
7d · Net gain or loss
total -$28,104 · related or exempt -$28,104
-
11a · Other revenue: MISCELLANEOUS
total $153,826 · related or exempt $153,826
-
11b · Other revenue: INCOME (LOSS) FROM SUB
total -$157,636 · related or exempt -$157,636
-
11e · Other revenue, total
-$3,810
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $217,153 · program services $217,153
-
7 · Other salaries and wages
total $245,422 · program services $133,155 · management and general $112,267
-
9 · Other employee benefits
total $25,661 · program services $19,433 · management and general $6,228
-
10 · Payroll taxes
total $36,064 · program services $27,311 · management and general $8,753
-
11g · Fees: other
total $72,413 · program services $38,490 · management and general $33,923
-
13 · Office expenses
total $72,252 · program services $46,221 · management and general $26,031
-
20 · Interest
total $134,341 · program services $134,341
-
22 · Depreciation, depletion and amortization
total $7,232 · program services $7,232
-
23 · Insurance
total $33,872 · program services $33,872
-
24a · Other expenses: DONATIONS
total $679,733 · program services $679,733
-
24b · Other expenses: MAINTENANCE
total $202,043 · program services $202,043
-
24c · Other expenses: UTILITIES
total $199,983 · program services $198,392 · management and general $1,591
-
24d · Other expenses: PROPERTY TAXES
total $56,200 · program services $56,200
-
24e · All other expenses
total $180,546 · program services $123,452 · management and general $57,094
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $821,282 · end of year $1,278,124
-
3 · Pledges and grants receivable
beginning of year $240,000 · end of year $120,000
-
4 · Accounts receivable
beginning of year $56,786 · end of year $25,898
-
7 · Other notes and loans receivable
beginning of year $8,474,272 · end of year $8,720,168
-
9 · Prepaid expenses and deferred charges
beginning of year $70,224 · end of year $72,072
-
10a · Land, buildings and equipment: cost or other basis
$55,958
-
10b · Land, buildings and equipment: accumulated depreciation
$53,262
-
10c · Land, buildings and equipment, net
beginning of year $394,966 · end of year $2,696
-
12 · Investments: other securities
beginning of year -$1,003,583 · end of year -$581,139
-
15 · Other assets
beginning of year $1,557,029 · end of year $11,079,508
-
17 · Accounts payable and accrued expenses
beginning of year $155,092 · end of year $877,948
-
19 · Deferred revenue
beginning of year $1,061,991 · end of year $36,486
-
23 · Secured mortgages and notes payable
beginning of year $3,833,946 · end of year $3,668,626
-
25 · Other liabilities
beginning of year $5,208,290 · end of year $12,229,183
-
27 · Net assets without donor restrictions
beginning of year $351,657 · end of year $3,748,834
-
28 · Net assets with donor restrictions
end of year $156,250
Mission and programs · 2022
Mission
TO PURCHASE, REHABILITATE, AND LEASE COMMERCIAL AND MULTI-FAMILY DWELLINGS TO QUALIFIED LOW INCOME TENANTS.
Activities or mission (Part I)
TO PURCHASE, REHABILITATE, AND LEASE MULTI-FAMILY DWELLINGS TO QUALIFIED LOW INCOME TENANTS.
-
HOUSING PROGRAM - DEVELOP AFFORDABLE HOUSING IN MIDTOWN BALTIMORE CITY; ASSIST LOW INCOME MEMBERS OF THE COMMUNITY IDENTIFY HOUSING ALTERNATIVES.
Expenses $1,917,028 · Revenue $1,087,905
As filed on the 2022 return.
Listed in Part VII
-
Charles B Duff JrCHARLES B DUFF JR
PRESIDENT, EXEC DIR
- Total calculated
- $142,410
- From this org
- $142,410
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
J Joseph ClarkeJ JOSEPH CLARKE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Edward M HordEDWARD M HORD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Maureen FlynnMAUREEN FLYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard ManekinRICHARD MANEKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa WarlowMELISSA WARLOW
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Arlen E Cullors JrARLEN E CULLORS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin DavidsonKEVIN DAVIDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Neal FriedlanderNEAL FRIEDLANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adrian HarpoolADRIAN HARPOOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon ManekinJON MANEKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis RichterDENNIS RICHTER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ellen JanesELLEN JANES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred LazarusFRED LAZARUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sallye PerrinSALLYE PERRIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah TillettDEBORAH TILLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sonja Sanders WellsSONJA SANDERS WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marian L SmithMARIAN L SMITH
ASSISTANT SECRETARY
- Total calculated
- $74,743
- From this org
- $74,743
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Paul B Littman JrPAUL B LITTMAN JR
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.
-
MIDTOWN DEVELOPMENT CORPORATION
501(C)3 · TO ASSIST THE MIDTOWN COMMUNITY TO AID IN PHYSICAL REDEVELOPMENT OF THE AREA · MD
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
H MARKET LLC
REAL ESTATE INVESTMENT · MD · income $0 · assets -$1,258
Directly controlled by JUBILEE BALTIMORE INC
-
JUBILEE NORTH MT LLC
REAL ESTATE · MD · income -$124,277 · assets -$1,065,265
Directly controlled by JUBILEE BALTIMORE INC
-
JUBILEE ROBBINS MM LLC
REAL ESTATE · MD · income -$186,329 · assets $594,323
Directly controlled by JUBILEE BALTIMORE INC
-
CHASE NMTC JUBILEE INVESTMENT FUND LLC
REAL ESTATE INVESTMENT · MD · income -$649,754 · assets $3,930,574
Directly controlled by JUBILEE BALTIMORE INC
-
JUBILEE NORTH LLC
REAL ESTATE INVESTMENT · MD · income $16,068 · assets $855,931
Directly controlled by JUBILEE BALTIMORE INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
9 SOUTH LP
INVESTMENT · REAL ESTATE INVESTMENT · MD · 0.1% owned · general or managing partner
Directly controlled by JUBILEE BALTIMORE INC
-
STE LP
RENTAL INCOME · RENTAL REAL ESTATE · MD · 99.9% owned · share of assets -$835,027 · general or managing partner
Directly controlled by JUBILEE BALTIMORE INC
-
O'DONNELL SQUARE HOUSING LIMITED PARTNERSHIP
RENTAL INCOME · RENTAL REAL ESTATE · MD · 49.5% owned · share of assets $2,312
Directly controlled by JUBILEE BALTIMORE INC
-
HDC TRF JUBILEE LLC
INVESTMENT · REAL ESTATE INVESTMENT · MD · 33.33% owned
Directly controlled by HOMES DEVELOPMENT CORPORATION
-
ROBBINS DANCING LLC
INVESTMENT · REAL ESTATE INVESTMENT · MD · 0.01% owned
Directly controlled by ROBBINS QALICB MM LLC
-
10 E NORTH MT LLC
RENTAL INCOME · RENTAL REAL ESTATE · MD · 100% owned · share of assets -$2,282,684
Directly controlled by JUBILEE NORTH MT LLC
-
PNA LP
RENTAL INCOME · RENTAL REAL ESTATE · MD · 99.99% owned · share of assets -$800,197 · general or managing partner
Directly controlled by JUBILEE BALTIMORE INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
440 ARTS LLC
S · REAL ESTATE INVESTMENT · MD · 100% owned
Directly controlled by JUBILEE BALTIMORE INC
-
WISECOURT INC
C · REAL ESTATE INVESTMENT · MD · 100% owned · share of assets -$207,900
Directly controlled by JUBILEE BALTIMORE INC
-
O'DONNELL REAL ESTATE INC
C · REAL ESTATE INVESTMENT · MD · 100% owned · share of assets $2,312
Directly controlled by JUBILEE BALTIMORE INC
-
LAKEWOOD INC
C · REAL ESTATE INVESTMENT · MD · 100% owned · share of assets $82,304
Directly controlled by JUBILEE BALTIMORE INC
-
1627 INC
C · REAL ESTATE INVESTMENT · MD · 100% owned · share of assets -$16,467
Directly controlled by JUBILEE BALTIMORE INC
-
10 E NORTH LLC
C · REAL ESTATE · MD · 100% owned · share of assets -$2,282,684
Directly controlled by JUBILEE NORTH LLC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349310202
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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