Hagerstown Revitalization Corporation
- Assets
- $138.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hagerstown, MD
- Founding
- 12/2004
- Data as of
- 09/2022
- EIN
- 20-0871687
Organization Overview
Hagerstown Revitalization Corporation is located in Hagerstown, MD. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hagerstown Revitalization Corporation 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 09/2022, Hagerstown Revitalization Corporation generated $87.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $61.3k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
REHABILITATED 4 HOUSING UNITS AND PROVIDED AFFORDABLE HOUSING TO LOW-INCOME FAMILIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Griffith President | 2 | $0 | |
Lorrie Young Treasurer | 1 | $0 | |
Sherry Buhrman Secretary | 1 | $0 | |
David Kump Vice-President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,693 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $57,376 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,069 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $32,648 |
| Occupancy, rent, utilities, and maintenance | $21,684 |
| Printing, publications, postage, and shipping | $470 |
| Other expenses | $6,511 |
| Total expenses | $61,313 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,230 |
| Other assets | $0 |
| Total assets | $138,206 |
| Total liabilities | $18,943 |
| Net assets or fund balances | $119,263 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
North Central Pennsylvania Regional Planning And Development Commi Ridgway, PA | $10,860,037 | $4,914,515 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |
Prince Georges County Economic Development Corporation Largo, MD | $6,056,042 | $4,300,935 |
Southwest Business Improvement District Washington, DC | $5,791,931 | $4,241,632 |
Johnstown Industrial Development Corporation Johnstown, PA | $5,749,369 | $3,050,286 |
Common Ground Alliance Alexandria, VA | $4,149,136 | $2,873,132 |
Baltimore Community Lending Inc Baltimore, MD | $32,545,900 | $4,977,119 |