Civic Intelligence

Peoples Homesteading Group Incorporated

EIN 52-1317246 • 501(c)3 • Baltimore, MD

Pub. 78 Eligible

Profile

People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and to create job opportunities for disadvantaged adults. PHG eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods.

410 East North AvenueBaltimore, MD 21202

www.phghouse.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.55x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

3.42x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$28,800

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

21st percentile

-6.4%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

0.6%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,205,849

Down $82,640 (-6.4%) from 2023

Liabilities

Down

$666,363

Down $115,695 (-15%) from 2023

Net Assets

Up

$539,486

Up $33,055 (+6.5%) from 2023

Revenue

Up

$194,572

Up $1,245 (+0.6%) from 2023

Expenses

Down

$161,517

Down $24,440 (-13%) from 2023

Net Income

Up

$33,055

Up $25,685 (+349%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,398,122Liabilities 2011: $1,373,607Net Assets 2011: $24,5152011Assets 2012: $1,428,574Liabilities 2012: $1,041,673Net Assets 2012: $386,9012012Assets 2013: $1,673,519Liabilities 2013: $1,291,197Net Assets 2013: $382,3222013Assets 2014: $2,120,887Liabilities 2014: $1,822,664Net Assets 2014: $298,2232014Assets 2015: $1,585,407Liabilities 2015: $1,274,749Net Assets 2015: $310,6582015Assets 2016: $1,555,256Liabilities 2016: $1,225,897Net Assets 2016: $329,3592016Assets 2017: $1,754,171Liabilities 2017: $1,416,743Net Assets 2017: $337,4282017Assets 2018: $1,608,391Liabilities 2018: $1,275,549Net Assets 2018: $332,8422018Assets 2019: $1,726,306Liabilities 2019: $1,393,403Net Assets 2019: $332,9032019Assets 2020: $1,889,615Liabilities 2020: $1,400,681Net Assets 2020: $488,9342020Assets 2021: $1,460,621Liabilities 2021: $970,580Net Assets 2021: $490,0412021Assets 2022: $1,166,099Liabilities 2022: $667,038Net Assets 2022: $499,0612022Assets 2023: $1,288,489Liabilities 2023: $782,058Net Assets 2023: $506,4312023Assets 2024: $1,205,849Liabilities 2024: $666,363Net Assets 2024: $539,4862024

Highlighted filing

2024

Assets$1,205,849
Liabilities$666,363
Net Assets$539,486

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $420,476Expenses 2011: $360,090Net Income 2011: $60,3862011Revenue 2012: $738,939Expenses 2012: $376,553Net Income 2012: $362,3862012Expenses 2013: $490,1072013Revenue 2014: $678,501Expenses 2014: $759,526Net Income 2014: -$81,0252014Revenue 2015: $682,979Expenses 2015: $670,544Net Income 2015: $12,4352015Revenue 2016: $674,634Expenses 2016: $655,933Net Income 2016: $18,7012016Revenue 2017: $473,417Expenses 2017: $467,452Net Income 2017: $5,9652017Revenue 2018: $296,074Expenses 2018: $300,460Net Income 2018: -$4,3862018Revenue 2019: $186,608Expenses 2019: $187,925Net Income 2019: -$1,3172019Revenue 2020: $332,673Expenses 2020: $332,610Net Income 2020: $632020Revenue 2021: $159,925Expenses 2021: $158,818Net Income 2021: $1,1072021Revenue 2022: $287,224Expenses 2022: $278,204Net Income 2022: $9,0202022Revenue 2023: $193,327Expenses 2023: $185,957Net Income 2023: $7,3702023Revenue 2024: $194,572Expenses 2024: $161,517Net Income 2024: $33,0552024

Highlighted filing

2024

Revenue$194,572
Expenses$161,517
Net Income$33,055

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.21$0.67$0.54$0.19$0.16$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.78$0.51$0.19$0.19$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.67$0.50$0.29$0.28$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.97$0.49$0.16$0.16$0.00
2020Summary only. Only limited summary data is available for this year.$1.89$1.40$0.49$0.33$0.33$0.00
2019Summary only. Only limited summary data is available for this year.$1.73$1.39$0.33$0.19$0.19$0.00
2018Summary only. Only limited summary data is available for this year.$1.61$1.28$0.33$0.30$0.30$0.00
2017Summary only. Only limited summary data is available for this year.$1.75$1.42$0.34$0.47$0.47$0.01
2016Summary only. Only limited summary data is available for this year.$1.56$1.23$0.33$0.67$0.66$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.59$1.27$0.31$0.68$0.67$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.12$1.82$0.30$0.68$0.76$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$1.29$0.38$0.49
2012Summary only. Only limited summary data is available for this year.$1.43$1.04$0.39$0.74$0.38$0.36
2011Summary only. Only limited summary data is available for this year.$1.40$1.37$0.02$0.42$0.36$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 3, 2025
Return Version
2023v6.0
Gross Receipts
$194,572
Mission and Program Overview

Mission

People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and to create job opportunities for disadvantaged adults. PHG eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods.

People's Homesteading Group (PHG) develops, coordinates and implements programs and related activities that create opportunities for home ownership for low-to-moderate income households by making physical and social improvements in deteriorated Baltimore neighborhoods, focusing on rehabilitation of vacant, abandoned residential properties. PHG eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing and revitalizing deteriorated Baltimore neighborhoods. In addition, the organization hires disadvantaged adults for entry level construction jobs by carrying out interior demolition for the organization's own projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$597,132$503,800▼ $93,332
Pledges and Grants Receivable$350,000$400,000▲ $50,000
Other Notes and Loans Receivable, Net$80,000$80,000→ $0
Loans From Officers Directors$69,784$0▼ $69,784
Accounts Receivable$45,976$50,000▲ $4,024
Cash and Non-Interest-Bearing Accounts$7,610$10,049▲ $2,439
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,288,489$1,205,849▼ $82,640
Other Assets Total$207,771$162,000▼ $45,771
Liabilities
Mortgage Notes Payable Secured by Investment Property$409,935$497,107▲ $87,172
Unsecured Notes Loans Payable$271,971$112,456▼ $159,515
Other Liabilities-$44,000-
Accounts Payable and Accrued Expenses$30,368$12,800▼ $17,568
Grants Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$782,058$666,363▼ $115,695
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$506,431$539,486▲ $33,055
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$506,431$539,486▲ $33,055
Total Liabilities and Net Assets / Fund Balance$1,288,489$1,205,849▼ $82,640

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$503,800$4,950$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Other Assets Org$27,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael MazepinkExecutive DirectorFT$28,800$28,800

Board Members and Trustees

NameTitle
Grace ComerPresident
Malindi LankatillekeVice President
Grace WillisSecretary-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$128,532
Program Service Revenue
$42,833
Investment Income
$5
Other Revenue
$23,202
All Other Contributions
$14,715
Change in Net Assets
$33,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,718
Salaries, Compensation, and Employee Benefits$38,799
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$56,869$0$0$56,869
Payments to Affiliates$42,000$0$0$42,000
Current Officers, Directors, Trustees, and Key Employees$30,800$0$0$30,800
Insurance$11,958$0$0$11,958
Other Expenses$7,152$0$0$7,152
Other Salaries and Wages$3,025$0$0$3,025
Payroll Taxes$2,636-$0$2,636
Other Employee Benefits$2,338$0$0$2,338
Fees for Services Other$800$0$0$800
Information Technology$150$0$0$150
Total Functional Expenses$161,517$0$0$161,517
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
Loans from Officers, Directors, Trustees, and Key Employees$69,784$0▼ $69,784
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Michael Mazepink--Balance of Cash Flow Loan$44,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A

The Board of Directors of People's Homesteading Group is made up of four persons including the executive director who is a non-voting member. President is Grace Willis. Vice President is Malindi Lankatilleke. Member at large is Grace Comer. Michael Mazepink, the executive director and officer who provides the role of secretary.

Form 990, Part VI, Section A, Line 8B

The Board of Directors is made up of 3 voting members and 1 non-voting member. The Board does not work through committees but oversees the primary project of the organization which is the renovation and sale of 5 vacant houses. This project takes up all of the energy of the Board. The executive director is responsible for managing this project. He also manages the administrative and managerial responsibilities of the organization.

Form 990, Part VI, Section B, Line 11B

The governing board of directors is composed of individuals who are volunteers and receive no compensation. In general, now board member nor family members of board members may receive benefits of the organization. An example of a benefit of the organization is the purchase of renovated home.

Form 990, Part VI, Section B, Line 12C

The executive director is responsible for reporting to the Board of Directors regarding all policies salient to the primary project of the organization which is to renovate and sell the 5 vacant houses on the 400-block of East 22nd Street in Baltimore. Because of the size of the Board and the fact that one of the board directors has been having serious medical issues, the executive director works on a one-on-one basis to assure that the organization is compliant with all governance policies, contractual obligations and government regulations.

Form 990, Part VI, Section C, Line 19

People's Homesteading Group is a highly visible group working to renovate vacant houses in the Central Baltimore area of the City. We are a member of the Central Baltimore Partnership, that is, one of over a hundred groups who form the CBP. PHG Board Directors who are residents of the Barclay-Greenmount neighborhood were key individuals who formed the Greater Greenmount Community Association to represent the local residents of the Barclay and East Baltimore Midway neighborhoods. Our office is located in this neighborhood since 1986.

Filing and Contact Details

Filer

Filer Name
Peoples Homesteading Group Inc
EIN
52-1317246
Phone
4108890071
Address
410 EAST NORTH AVENUE, BALTIMORE, MD 21202

Signing Officer

Name
Michael Mazepink
Title
Officer
Phone
4109521369
Signed
2025-05-03

Organization Details

Principal Officer
Michael Mazepink
Formed
1983
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
4
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

On June 30, 2023, People's Homesteading Group (PHG) had received notice of awards of $300,000 Baltimore City Department of Housing and Community Development for the purpose of renovation of five (5) vacant houses in the Barclay-Greenmount Historic District. These grant awards required contractual agreements with Baltimore City. PHG also submitted documentation for a rehabilitation tax credit to the Maryland Historical Trust for a property renovated and sold in 2021. PHG executed land disposition agreements with Mayor & City Council (MCC) and Baltimore City Department of Housing & Community Development to acquire three (3) vacant MCC houses on the 400-block of East 22nd Street. Renovating the five vacant houses will complete the renovation of vacant houses on the 400-block of East 22nd Street PHG continues to hire disadvantaged adults to work on our properties through a general contractor and subcontractors and through the Greenmount jobs center. In this year ending June 30, 2024, PHG submitted an application to the Neighborhood Impact Investment Fund (NIIF) of Baltimore City to provide construction loan financing for the 5 houses. The NIIF approval was only the beginning of the process to obtain the necessary financing to renovate the 5 houses. Subsequently, in November 2024, NIIF approved request construction financing.

Form 990, Part IX, Line 1

People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and creates job opportunities for disadvantaged adults. PHG also eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods.

Form 990, Part IX, Line 25

People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and creates job opportunities for disadvantaged adults. PHG also eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary-Treasurer
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IRS990/MissionDesc0People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and creates job opportunities for disadvantaged adults. PHG also eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt02338
IRS990/OtherExpensesGrp/Desc0Director of Finance--Property Taxes--Jobs Center
IRS990/OtherExpensesGrp/Desc1DHCD--Baltimore City--Property Registration
IRS990/OtherExpensesGrp/Desc2MD DAT LLC Registration Anchors of Hope LLC
IRS990/OtherExpensesGrp/Desc3Utilities--PHG Office & Greenmount Jobs Center & 2100 Homewood
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IRS990/OtherExpensesGrp/ProgramServicesAmt1780
IRS990/OtherExpensesGrp/ProgramServicesAmt2300
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IRS990/PrincipalOfficerNm0Michael Mazepink
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IRS990/ProgramServiceRevenueGrp/BusinessCd0236110
IRS990/ProgramServiceRevenueGrp/Desc0Sale of a Transitional Housing Property 2100 Homewood Avenue sold for revenue after 20 years service
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IRS990/ProgSrvcAccomActy2Grp/Desc0People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and creates job opportunities for disadvantaged adults. PHG also eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0People's Homesteading Group (PHG) received $95,696 in public support from two government sources, namely, first, the Maryland Historical Trust approved payment of Maryland State funds in the amount of $45,969 in support of historic rehabilitation and sale of a blighted, vacant property located at 443 East 22nd Street which was subsequently sold to a low to moderate income home buyer and, second, the Community Catalyst Grant program of the Baltimore City Department of Housing and Community Development provided $50,000 in operations support of a 5 house rehabilitation project that subsequently began construction in December 2024.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 1
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