Live Baltimore Home Center Inc
- Assets
- $5.1m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Baltimore, MD
- Founding
- 09/2002
- Data as of
- 06/2023
- EIN
- 04-3627393
Organization Overview
Live Baltimore Home Center Inc is located in Baltimore, MD. The organization was established in 2002. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Live Baltimore Home Center Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live Baltimore Home Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Live Baltimore Home Center Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 7.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIVE BALTIMORE IS A NATIONALLY RECOGNIZED, INDEPENDENT NONPROFIT ORGANIZATION COMMITTED TO PROMOTING THE BENEFITS OF BALTIMORE CITY LIVING. EACH YEAR, LIVE BALTIMORE PROVIDES THOUSANDS OF INDIVIDUALS WITH INFORMATION ON THE CITY'S 250+ NEIGHBORHOODS,RENTAL LIVING OPTIONS, HOMEBUYING INCENTIVE PROGRAMS, HISTORIC TAX CREDITS AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVE BALTIMORE WORKS TO RECRUIT AND RETAIN BALTIMORE CITY RESIDENTS BY ATTRACTING PEOPLE TO BALTIMORE'S THRIVING NEIGHBORHOODS AND BY HELPING RESIDENTS FIND A WAY TO STAY. IN FISCAL YEAR 2023, LIVE BALTIMORE: -REACHED OVER 268,000 INDIVIDUALS THROUGH LIVEBALTIMORE.COM -DIRECTLY ASSISTED 1 IN 6 CITY HOMEBUYERS -FACILITATED HOMEOWNERSHIP IN 222 DISTINCT CITY NEIGHBORHOODS -HELPED GENERATE $395 MILLION IN HOME SALES AND APPROXIMATELY $16 MILLION IN CITY TAX REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Blois Vitelkites President | OfficerTrustee | 5 | $0 |
Taylor Stewart Secretary | OfficerTrustee | 2 | $0 |
Jennifer Mccahill Treasurer | OfficerTrustee | 2 | $0 |
Pierce Flanigan Board Dev Chair | OfficerTrustee | 2 | $0 |
Stephen Ruckman Past President | OfficerTrustee | 2 | $0 |
Ashiah Parker Member At-Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $250,511 |
| Fundraising events | $203,045 |
| Related organizations | $0 |
| Government grants | $4,176,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,955,219 |
| Total Program Service Revenue | $10,813 |
| Investment income | $8,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,450 |
| Net Income from Fundraising Events | -$73,313 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,916,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,940 |
| Compensation of current officers, directors, key employees. | $21,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $629,284 |
| Pension plan accruals and contributions | $16,228 |
| Other employee benefits | $46,866 |
| Payroll taxes | $61,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $12,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214,781 |
| Advertising and promotion | $133,411 |
| Office expenses | $16,866 |
| Information technology | $18,674 |
| Royalties | $0 |
| Occupancy | $40,979 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,954 |
| Insurance | $5,290 |
| All other expenses | $5,100 |
| Total functional expenses | $1,561,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,960 |
| Savings and temporary cash investments | $1,897,573 |
| Pledges and grants receivable | $1,593,943 |
| Accounts receivable, net | $16,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,698 |
| Net Land, buildings, and equipment | $35,489 |
| Investments—publicly traded securities | $1,258,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,979 |
| Total assets | $5,090,736 |
| Accounts payable and accrued expenses | $72,364 |
| Grants payable | $0 |
| Deferred revenue | $242,827 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $143,750 |
| Total liabilities | $458,941 |
| Net assets without donor restrictions | $1,526,430 |
| Net assets with donor restrictions | $3,105,365 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,090,736 |