Peoples Homesteading Group Inc
- Assets
- $1.3m
- Revenue
- $193.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Baltimore, MD
- Founding
- 08/1984
- Data as of
- 06/2023
- EIN
- 52-1317246
Organization Overview
Peoples Homesteading Group Inc is located in Baltimore, MD. The organization was established in 1984. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peoples Homesteading Group 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, Peoples Homesteading Group Inc generated $193.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $186.0k during the year ending 06/2023. 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY JUNE 30, 2023, PEOPLE'S HOMESTEADING GROUP (PHG) HAD RECEIVED AWARDS OF $300,000 IN BALTIMORE CITY GRANTS TO SUBSIDIZE THE RENOVATION OF FIVE (5) VACANT HOUSES IN THE BARCLAY-GREENMOUNT HISTORIC DISTRICT. THESE GRANT AWARDS REQUIRE CONTRACTUAL AGREEMENTS WITH BALTIMORE CITY. THE CONTRACTS ARE ANTICIPATED FOR LATE 2023 OR EARLY 2024. ALSO, PHG SUBMITTED DOCUMENTATION FOR A REHABILITATION TAX CREDIT TO THE MARYLAND HISTORICAL TRUST FOR A PROPERTY RENOVATED AND SOLD IN 2021. PHG ALSO 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 AND INCREASE PHG'S IMPROVEMENT TO 20 FULL-GUT REHAB OF HOMES ON THIS HISTORIC BLOCK TO HOMEOWNERS. PHG ALSO AGREED TO DONATE SIX OF OUR OWNED, VACANT PROPERTIES IN OTHER NEIGHBORHOOD LOCATIONS FOR RENOVATIONS BY OTHER DEVELOPERS. PHG CONTINUES TO HIRE DISADVANTAGED ADULTS THROUGH OUR OWN HOUSES AND ON THE GREENMOUNT JOBS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mazepink Executive Director | Officer | 40 | $4,005 |
Grace Comer President | Officer | 5 | $0 |
Malindi Lankatilleke Vice President | Officer | 5 | $0 |
Grace Willis Secretary-Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,772 |
| Total Program Service Revenue | $10,000 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,550 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,005 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $237 |
| Fees for services: Management | $95,735 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,681 |
| Information technology | $288 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,760 |
| Insurance | $11,546 |
| All other expenses | $15,851 |
| Total functional expenses | $185,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $350,000 |
| Accounts receivable, net | $45,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $80,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $597,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $207,771 |
| Total assets | $1,288,489 |
| Accounts payable and accrued expenses | $30,368 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $69,784 |
| Secured mortgages and notes payable | $409,935 |
| Unsecured mortgages and notes payable | $271,971 |
| Other liabilities | $0 |
| Total liabilities | $782,058 |
| Net assets without donor restrictions | $506,431 |
| Net assets with donor restrictions | $0 |
| 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 | $1,288,489 |