Civic Intelligence

Midtown Development Corporation Inc

EIN 52-2268431 • 501(c)3 • Baltimore, MD

Profile

To implement the physical redevelopment of the area included within the midtown community benefits district management authority ("the district"), with special emphasis on the distressed residential properties.

25 E 20th StreetBaltimore, MD 21218

n/A

Siviq Scores

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

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

6.55x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

2nd percentile

-185%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

40th percentile

-0.1%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Down

$803,373

Down $1,025 (-0.1%) from 2023

Liabilities

Up

$7,862

Up $1,200 (+18%) from 2023

Net Assets

Down

$795,511

Down $2,225 (-0.3%) from 2023

Revenue

Up

$1,201

Up $1,201 from 2023

Expenses

Up

$3,426

Up $3,426 from 2023

Net Income

Down

-$2,225

Down $2,225 from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,000,197Liabilities 2011: $44,497Net Assets 2011: $955,7002011Assets 2012: $1,101,659Liabilities 2012: $175,763Net Assets 2012: $925,8962012Assets 2013: $1,118,047Liabilities 2013: $172,037Net Assets 2013: $946,0102013Assets 2014: $1,013,098Liabilities 2014: $106,348Net Assets 2014: $906,7502014Assets 2015: $1,088,496Liabilities 2015: $126,348Net Assets 2015: $962,1482015Assets 2016: $1,115,879Liabilities 2016: $166,344Net Assets 2016: $949,5352016Assets 2017: $825,287Liabilities 2017: $13,332Net Assets 2017: $811,9552017Assets 2018: $800,060Liabilities 2018: $0Net Assets 2018: $800,0602018Assets 2019: $800,452Liabilities 2019: $0Net Assets 2019: $800,4522019Assets 2020: $807,414Liabilities 2020: $7,762Net Assets 2020: $799,6522020Assets 2021: $807,741Liabilities 2021: $8,862Net Assets 2021: $798,8792021Assets 2022: $804,398Liabilities 2022: $6,662Net Assets 2022: $797,7362022Assets 2023: $804,398Liabilities 2023: $6,662Net Assets 2023: $797,7362023Assets 2024: $803,373Liabilities 2024: $7,862Net Assets 2024: $795,5112024

Highlighted filing

2024

Assets$803,373
Liabilities$7,862
Net Assets$795,511

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $89,528Expenses 2011: $74,157Net Income 2011: $15,3712011Expenses 2012: $74,6322012Revenue 2013: $78,956Expenses 2013: $58,842Net Income 2013: $20,1142013Revenue 2014: $15,446Expenses 2014: $54,706Net Income 2014: -$39,2602014Revenue 2015: $120,005Expenses 2015: $64,607Net Income 2015: $55,3982015Revenue 2016: $43,351Expenses 2016: $55,964Net Income 2016: -$12,6132016Revenue 2017: $529Expenses 2017: $43,109Net Income 2017: -$42,5802017Revenue 2018: $22,487Expenses 2018: $34,382Net Income 2018: -$11,8952018Revenue 2019: $443Expenses 2019: $51Net Income 2019: $3922019Revenue 2020: $336Expenses 2020: $1,136Net Income 2020: -$8002020Revenue 2021: $363Expenses 2021: $1,136Net Income 2021: -$7732021Revenue 2022: $318Expenses 2022: $1,461Net Income 2022: -$1,1432022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $1,201Expenses 2024: $3,426Net Income 2024: -$2,2252024

Highlighted filing

2024

Revenue$1,201
Expenses$3,426
Net Income-$2,225

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.80$0.01$0.80$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.01$0.80$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.01$0.80$0.00$0.00$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.01$0.80$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.02$0.03$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.83$0.01$0.81$0.00$0.04$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.17$0.95$0.04$0.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.09$0.13$0.96$0.12$0.06$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.11$0.91$0.02$0.05$0.04
2013Summary only. Only limited summary data is available for this year.$1.12$0.17$0.95$0.08$0.06$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.18$0.93$0.07
2011Summary only. Only limited summary data is available for this year.$1.00$0.04$0.96$0.09$0.07$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Mission and Program Overview

Mission

To implement the physical redevelopment of the area included within the midtown community benefits district management authority ("the district"), with special emphasis on the distressed residential properties.

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KENNETH A BOURNE JRVice President-$0--
CHARLES B DUFFSecretary-$0--
ERIC EVANSDirector-$0--
NEAL FRIEDLANDERDirector-$0--
FRED LAZARUS IVDirector-$0--
JAMIE SNEADPresident-$0--
ADRIAN HARPOOLDirector-$0--
MARY ANN HENDERSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Midtown Development Corporation Inc
EIN
52-2268431
Phone
4103277373
Address
25 E 20TH STREET, BALTIMORE, MD 21218

Signing Officer

Name
Charles B Duff Jr
Title
Secretary
Phone
4103277373
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Grandizio Wilkins Little & Matthews
Address
211 SCHILLING CIRCLE STE 188, HUNT VALLEY, MD 21031
Preparer
Mark Gatzke
Phone
4104940885
Raw XML Appendix328 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0KENNETH A BOURNE JR
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt5PRESIDENT
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd021218
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd121218
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd221218
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd321218
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd421218
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd521218
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd621218
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd721218
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OtherEmployeePaidOver50kCnt00
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/PFQualifyingDistributionsGrp/ExpensesAndContributionsAmt00
IRS990PF/PFQualifyingDistributionsGrp/ProgramRelatedInvstTotalAmt00
IRS990PF/PFQualifyingDistributionsGrp/QualifyingDistributionsAmt00
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd00
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd00
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd00
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd00
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd00
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd00
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd00
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt025 E 20TH STREET
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0BALTIMORE
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0MD
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd021218
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MD
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0MIDTOWN DEVELOPMENT CORPORATION INC
IRS990PF/StatementsRegardingActyGrp/PhoneNum04103277373
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd00
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0NONE
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt00
IRS990PF/SumOfProgramRelatedInvstGrp/AllOtherProgramRltdInvstTotAmt00
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0NONE
IRS990PF/SumOfProgramRelatedInvstGrp/Expenses1Amt00
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt04986
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt00
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt04986
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt028611
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt1659248
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0MORTGAGE RECEIVABLE
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc1LOAN RECEIVABLE
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc2LOAN RECEIVABLE ROBBINS DANCING
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt1659248
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt260000
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt1659248
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt260000
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0MISC. OFFICE EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1INVESTMENT K-1 LOSS
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt098
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt1152
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt098
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1152
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES B DUFF JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum04103277373
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDTOWN DEVELOPMENT CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MIDT
ReturnHeader/Filer/EIN0522268431
ReturnHeader/Filer/PhoneNum04103277373
ReturnHeader/Filer/USAddress/AddressLine1Txt025 E 20TH STREET
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021218
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0522334868
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANDIZIO WILKINS LITTLE & MATTHEWS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0211 SCHILLING CIRCLE STE 188
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HUNT VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021031
ReturnHeader/PreparerPersonGrp/PhoneNum04104940885
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK GATZKE
ReturnHeader/ReturnTs02025-05-15T16:04:49-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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