Civic Intelligence

Hcpi Development Fund Inc.

990 • Fiscal year 2021 • EIN 46-5504308

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileCBFUTUREFUND.ORG
25 East 20th StreetBaltimore, MD 21218

(410) 709-1495

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.64x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

93rd percentile

70%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$68,847

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

70th percentile

22%

Faster asset growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

278%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$4,959,879

Up $903,010 (+22%) from 2020

Net Assets

Up

$4,258,077

Up $776,412 (+22%) from 2020

Liabilities

Up

$701,802

Up $126,598 (+22%) from 2020

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin93rd percentile

Revenue

Up

$1,102,646

Up $811,020 (+278%) from 2020

Expenses

Up

$326,234

Up $36,382 (+13%) from 2020

Net Income

Up

$776,412

Up $774,638 (+43666%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2015: $331,965Liabilities 2015: $0Net Assets 2015: $331,9652015Assets 2016: $2,126,073Liabilities 2016: $32,058Net Assets 2016: $2,094,0152016Assets 2017: $2,410,040Liabilities 2017: $38,389Net Assets 2017: $2,371,6512017Assets 2018: $3,408,881Liabilities 2018: $561,647Net Assets 2018: $2,847,2342018Assets 2019: $4,237,717Liabilities 2019: $757,826Net Assets 2019: $3,479,8912019Assets 2020: $4,056,869Liabilities 2020: $575,204Net Assets 2020: $3,481,6652020Assets 2021: $4,959,879Liabilities 2021: $701,802Net Assets 2021: $4,258,0772021Assets 2022: $4,532,988Liabilities 2022: $675,715Net Assets 2022: $3,857,2732022Assets 2023: $4,573,582Liabilities 2023: $669,228Net Assets 2023: $3,904,3542023Assets 2024: $8,803,873Liabilities 2024: $3,929,704Net Assets 2024: $4,874,1692024

Highlighted filing

2021

Assets$4,959,879
Liabilities$701,802
Net Assets$4,258,077
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $375,152Expenses 2015: $43,187Net Income 2015: $331,9652015Revenue 2016: $1,452,631Expenses 2016: $98,422Net Income 2016: $1,354,2092016Revenue 2017: $524,117Expenses 2017: $246,481Net Income 2017: $277,6362017Revenue 2018: $765,623Expenses 2018: $290,040Net Income 2018: $475,5832018Revenue 2019: $889,966Expenses 2019: $257,309Net Income 2019: $632,6572019Revenue 2020: $291,626Expenses 2020: $289,852Net Income 2020: $1,7742020Revenue 2021: $1,102,646Expenses 2021: $326,234Net Income 2021: $776,4122021Revenue 2022: $62,953Expenses 2022: $463,757Net Income 2022: -$400,8042022Revenue 2023: $176,805Expenses 2023: $129,724Net Income 2023: $47,0812023Revenue 2024: $1,369,888Expenses 2024: $402,573Net Income 2024: $967,3152024

Highlighted filing

2021

Revenue$1,102,646
Expenses$326,234
Net Income$776,412
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$1,550,557
Mission and Program Overview

Mission

The purpose of the central baltimore future fund is to stimulate inclusive economic growth and attract investment in the ten central baltimore neighborhoods by: 1 partnering with reinvestment fund to make loans to transformational high impact commercial, residential and neighborhood development projects 2 acquiring and offering to developers vacant and blighted properties for redevelopment and 3 providing advisory services to members of the public that facilitate a decrease of vacant and abandoned properties in ways that support community plans and objectives.

To increase economic activity, decrease the incidence of vacant properties, and promote community development investments benefiting low to moderate income communities in ten central baltimore neighborhoods that have long suffered deterioration and blight.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,384,754$2,695,407▲ $310,653
Cash and Non-Interest-Bearing Accounts$515,021$1,020,431▲ $505,410
Savings and Temporary Cash Investments$765,727$883,896▲ $118,169
Other Notes and Loans Receivable, Net$315,436$324,436▲ $9,000
Pledges and Grants Receivable$38,869$0▼ $38,869
Prepaid Expenses and Deferred Charges$31,307$24,775▼ $6,532
Accounts Receivable$5,755$10,934▲ $5,179
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,056,869$4,959,879▲ $903,010
Other Assets Total-$0-
Liabilities
Escrow Account Liability$510,326$627,371▲ $117,045
Accounts Payable and Accrued Expenses$51,878$74,431▲ $22,553
Other Liabilities$13,000--
Total Liabilities$575,204$701,802▲ $126,598
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,481,665$4,024,916▲ $543,251
Net Assets With Donor Restrictions-$233,161-
Total Net Assets Fund Balance$3,481,665$4,258,077▲ $776,412
Total Liabilities and Net Assets / Fund Balance$4,056,869$4,959,879▲ $903,010

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,222,697$205,196$2,427,893
Land$472,710-$472,710
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sarah KeoghExecutive DirectorPT$68,847$68,847

Board Members and Trustees

NameTitle
Joseph McneelyChairman
Amanda KimbersDirector
Colin TarbertDirector
Kristina WilliamsDirector
Leon Pinkett IiiDirector
Salem ReinerDirector
Thomas PrevasDirector
Ellen JanesSecretary
Seson Taylor-campbellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,276,434
Program Service Revenue
$187,623
Investment Income
$-363,416
Other Revenue
$2,005
All Other Contributions
$361,131
Change in Net Assets
$776,412

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,102,646
Revenue Not Reported on Form 990
$447,911
Total Revenue per Audited Statements
$1,550,557
Total Revenue per Form 990
$1,102,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,625
Salaries, Compensation, and Employee Benefits$102,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$109,751--$109,751
Current Officers, Directors, Trustees, and Key Employees$61,962$6,885-$68,847
Depreciation Depletion$41,986--$41,986
Other Employee Benefits$18,896$2,100-$20,996
Office Expenses$10,739$9,755-$20,494
Fees for Services Accounting-$20,245-$20,245
Fees for Services Other-$17,825-$17,825
Payroll Taxes$7,105$789-$7,894
Pension Plan Contributions$4,385$487-$4,872
Fees for Services Legal$3,006--$3,006
Other Expenses$1,425$158-$1,583
Total Functional Expenses$261,082$65,152$0$326,234

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$774,145
Expenses Not Reported on Form 990$447,911
Expenses per Audited Statements$326,234
Total Expenses per Form 990$326,234
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“As detailed in the organization's 1023, the board of directors of the HCPI Development Fund is elected by the board of directors of the non-profit, 501(c)(3) Central Baltimore Partnership.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“As detailed in the organization's 1023, the board of directors of the HCPI Development Fund is elected by the board of directors of the non-profit, 501(c)(3) Central Baltimore Partnership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is distributed to the entire board for review and approval prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization continuously monitors and enforces its conflict of interest policy. Each board member annually signs a conflict of interest statement stating they have no conflict of interest relating to issues subject to board action and approval. In addition, any payments of any external party related to a board member is disclosed to the entire board if a conflict is perceived that a board member does not believe is a conflict, it would be discussed by the executive committee, and if necessary it might choose to require the board member to recuse him/herself from any discussion or board action.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board of directors authorized the executive committee to search for, interview, choose and negotiate terms of compensation for an executive director. The executive committee kept the board regularly apprised of the process, including reporting on projected compensation and choice of person. In determining compensation, the executive committee considered compensation for comparable positions, requirements of the position, time spent on the job, knowledge training and experience, and degree. The organization did not have any other paid employees during calendar year 2019.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes its form 990, governing documents, conflict of interest policy and financial statements available to the public upon request. A copy of the form 990 is also available online via www. Guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Hcpi Development Fund Inc
EIN
46-5504308
Phone
4107091495
Address
25 EAST 20TH STREET, BALTIMORE, MD 21218

Signing Officer

Name
Joseph Mcneely
Title
Chairman
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Mcneely
Formed
2013
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
15

Preparer

Firm
CEA Scholtes and Associates
Address
106 Tunbridge Rd, Baltimore, MD 21212
Preparer
Chris Scholtes CPA
Phone
4103230010
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“In January 2018, the Organization received $500,000 from the City of Baltimore to be held by the Organization in a separately maintained escrow account. Any interest accrued on the funds within the escrow account shall become part of the escrow account. The Organization has agreed to hold and disburse the funds on behalf of the City of Baltimore in accorance with the terms of the guarantee agreement. The escrow liability balance including interest totaled $627,371 as of December 31, 2021.”

Part X : FIN48 Footnote

“Asc 740, income taxes, prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return as well as guidance on de-recognition, classification, interest and penalties, and financial statement reporting disclosures. For these benefits to be recognized, a tax position must be morelikely- than not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The organization has not identified any unrecognized tax exposures. The organization recognizes interest and penalties accrued on any unrecognized tax exposures as a component of income tax expense. The organization does not have any amounts accrued relating to interest and penalties as of december 31, 2021 and 2020. The organization is subject to routine audits by taxing jurisdictions however, there are currently no audits in progress.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Cost of property held for sale $447911”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Cost of property held for sale $447911”

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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt075000
IRS990/GrossReceiptsAmt01550557
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt09495
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09495
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
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IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0205196
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt02695407
IRS990/LandBldgEquipCostOrOtherBssAmt02900603
IRS990/LegalDomicileStateCd0MD
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PURPOSE OF THE CENTRAL BALTIMORE FUTURE FUND IS TO STIMULATE INCLUSIVE ECONOMIC GROWTH AND ATTRACT INVESTMENT IN THE TEN CENTRAL BALTIMORE NEIGHBORHOODS BY: 1 PARTNERING WITH REINVESTMENT FUND TO MAKE LOANS TO TRANSFORMATIONAL HIGH IMPACT COMMERCIAL, RESIDENTIAL AND NEIGHBORHOOD DEVELOPMENT PROJECTS 2 ACQUIRING AND OFFERING TO DEVELOPERS VACANT AND BLIGHTED PROPERTIES FOR REDEVELOPMENT AND 3 PROVIDING ADVISORY SERVICES TO MEMBERS OF THE PUBLIC THAT FACILITATE A DECREASE OF VACANT AND ABANDONED PROPERTIES IN WAYS THAT SUPPORT COMMUNITY PLANS AND OBJECTIVES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03481665
IRS990/NetAssetsOrFundBalancesEOYAmt04258077
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-372911
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-372911
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03481665
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04024916
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0109751
IRS990/OccupancyGrp/TotalAmt0109751
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09755
IRS990/OfficeExpensesGrp/ProgramServicesAmt010739
IRS990/OfficeExpensesGrp/TotalAmt020494
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02100
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018896
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020996
IRS990/OtherExpensesGrp/Desc0OTHER OPERATING EXPENSES
IRS990/OtherExpensesGrp/Desc1PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06908
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1158
IRS990/OtherExpensesGrp/ProgramServicesAmt01827
IRS990/OtherExpensesGrp/ProgramServicesAmt11425
IRS990/OtherExpensesGrp/TotalAmt08735
IRS990/OtherExpensesGrp/TotalAmt11583
IRS990/OtherLiabilitiesGrp/BOYAmt013000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02005
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02005
IRS990/OtherRevenueTotalAmt02005
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0315436
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0324436
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0789
IRS990/PayrollTaxesGrp/ProgramServicesAmt07105
IRS990/PayrollTaxesGrp/TotalAmt07894
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0487
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04385
IRS990/PensionPlanContributionsGrp/TotalAmt04872
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt038869
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031307
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024775
IRS990/PrincipalOfficerNm0JOSEPH MCNEELY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0187623
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0187623
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0256210
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-174115
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0207208
IRS990/PYOtherRevenueAmt01384
IRS990/PYProgramServiceRevenueAmt0208147
IRS990/PYRevenuesLessExpensesAmt01774
IRS990/PYSalariesCompEmpBnftPaidAmt082644
IRS990/PYTotalExpensesAmt0289852
IRS990/PYTotalRevenueAmt0291626
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0776412
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0-183283
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0765727
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0883896
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01276434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0256210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0670000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0730920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0346891
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03280455
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09495
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010383
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01850
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0664
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt042855
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0990235
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02005
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01384
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05698
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04344
IRS990ScheduleA/OtherIncome170Grp/TotalAmt013431
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98310
IRS990ScheduleA/PublicSupportPY170Pct00.98670
IRS990ScheduleA/PublicSupportTotal170Amt03280455
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01276434
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0256210
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0670000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0730920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0346891
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03280455
IRS990ScheduleA/TotalSupportAmt03336741
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0447911
IRS990ScheduleD/ExpensesSubtotalAmt0326234
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0472710
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0472710
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02222697
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0205196
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02427893
IRS990ScheduleD/OtherExpensesIncludedAmt0447911
IRS990ScheduleD/OtherRevenueAmt0447911
IRS990ScheduleD/RevenueNotReportedAmt0447911
IRS990ScheduleD/RevenueSubtotalAmt01102646
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In January 2018, the Organization received $500,000 from the City of Baltimore to be held by the Organization in a separately maintained escrow account. Any interest accrued on the funds within the escrow account shall become part of the escrow account. The Organization has agreed to hold and disburse the funds on behalf of the City of Baltimore in accorance with the terms of the guarantee agreement. The escrow liability balance including interest totaled $627,371 as of December 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORELIKELY- THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION HAS NOT IDENTIFIED ANY UNRECOGNIZED TAX EXPOSURES. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE ORGANIZATION DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF DECEMBER 31, 2021 AND 2020. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF PROPERTY HELD FOR SALE $447911
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3COST OF PROPERTY HELD FOR SALE $447911
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02695407
IRS990ScheduleD/TotalExpensesPerForm990Amt0326234
IRS990ScheduleD/TotalRevenuePerForm990Amt01102646
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01550557
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0774145
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0As detailed in the organization's 1023, the board of directors of the HCPI Development Fund is elected by the board of directors of the non-profit, 501(c)(3) Central Baltimore Partnership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1As detailed in the organization's 1023, the board of directors of the HCPI Development Fund is elected by the board of directors of the non-profit, 501(c)(3) Central Baltimore Partnership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONTINUOUSLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER ANNUALLY SIGNS A CONFLICT OF INTEREST STATEMENT STATING THEY HAVE NO CONFLICT OF INTEREST RELATING TO ISSUES SUBJECT TO BOARD ACTION AND APPROVAL. IN ADDITION, ANY PAYMENTS OF ANY EXTERNAL PARTY RELATED TO A BOARD MEMBER IS DISCLOSED TO THE ENTIRE BOARD IF A CONFLICT IS PERCEIVED THAT A BOARD MEMBER DOES NOT BELIEVE IS A CONFLICT, IT WOULD BE DISCUSSED BY THE EXECUTIVE COMMITTEE, AND IF NECESSARY IT MIGHT CHOOSE TO REQUIRE THE BOARD MEMBER TO RECUSE HIM/HERSELF FROM ANY DISCUSSION OR BOARD ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS AUTHORIZED THE EXECUTIVE COMMITTEE TO SEARCH FOR, INTERVIEW, CHOOSE AND NEGOTIATE TERMS OF COMPENSATION FOR AN EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE KEPT THE BOARD REGULARLY APPRISED OF THE PROCESS, INCLUDING REPORTING ON PROJECTED COMPENSATION AND CHOICE OF PERSON. IN DETERMINING COMPENSATION, THE EXECUTIVE COMMITTEE CONSIDERED COMPENSATION FOR COMPARABLE POSITIONS, REQUIREMENTS OF THE POSITION, TIME SPENT ON THE JOB, KNOWLEDGE TRAINING AND EXPERIENCE, AND DEGREE. THE ORGANIZATION DID NOT HAVE ANY OTHER PAID EMPLOYEES DURING CALENDAR YEAR 2019.

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,959,879
Liabilities
$701,802
Net assets
$4,258,077
Revenue
$1,102,646
Expenses
$326,234
Net income
$776,412
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.80$3.93$4.87$1.37$0.40$0.97
2023Detailed filing. Detailed filing data is available for this year.$4.57$0.67$3.90$0.18$0.13$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.53$0.68$3.86$0.06$0.46$0.40
2021Detailed filing. Detailed filing data is available for this year.$4.96$0.70$4.26$1.10$0.33$0.78
2020Detailed filing. Detailed filing data is available for this year.$4.06$0.58$3.48$0.29$0.29$0.00
2019Detailed filing. Detailed filing data is available for this year.$4.24$0.76$3.48$0.89$0.26$0.63
2018Summary only. Only limited summary data is available for this year.$3.41$0.56$2.85$0.77$0.29$0.48
2017Detailed filing. Detailed filing data is available for this year.$2.41$0.04$2.37$0.52$0.25$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.13$0.03$2.09$1.45$0.10$1.35
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.38$0.04$0.33