Midway Neighborhood Cooperative Inc is located in Baltimore, MD. The organization was established in 2019. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midway Neighborhood Cooperative 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 12/2023, Midway Neighborhood Cooperative Inc generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $420.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MIDWAY NEIGHBORHOOD COOPERATIVE IS A COOPERATIVELY RUN CONSTRUCTION AND NEIGHBORHOOD DEVELOPMENT COMPANY. MADE UP OF MIDWAY RESIDENTS AND BUSINESS OWNERS, MNC IS DEDICATED TO PRINCIPLES OF AFFORDABILITY, SUSTAINABILITY, SOLIDARITY AND PARTICIPATORY PLANNING ROOTED IN A DEMOCRATIC WORKPLACE. WE WORK TO BUILD NEIGHBORDHOOD RESOURCES FOR AND BY RESIDENTS OF THE MIDWAY NEIGHBORHOOD WHERE WE WORK AND LIVE.
Describe the Organization's Program Activity:
Part 3
CONSTRUCTION: WE COLLABORATE WITH PROFESSIONAL ARCHITECTS, ENGINEERS, URBAN DESIGNERS AND CITY PLANNERS TO COLLECTIVELY PLAN, DESIGN, CONSTRUCT, RESTORE AND MAINTAIN NEW AND EXISTING STRUCTURES IN THE MIDWAY NEIGHBORHOOD. WE WORK TO ESTABLISH HIGH-QUALITY, SUSTAINABLE RESIDENTIAL HOUSING AND COMMUNAL RESOURCES THAT MEET THE NEEDS OF MIDWAY RESIDENTS PHYSICAL STRUCTURES THAT SUPPORT THE EXISTENCE OF RESILIENT, HEALTHY SOCIAL STRUCTURES.
MENTORSHIP: GROUNDED IN A PHILOSOPHY OF LEARNING BY WORKING, WE ACTIVELY ENCOURAGE THE INVOLVEMENT OF NON-PROFESSIONAL RESIDENTS WHO JOIN PROJECTS AS PART OF AN EDUCATION-BASED MENTORSHIP PROGRAM. THESE MENTORSHIPS ALLOW US TO HIRE FROM WITHIN THE NEIGHBORHOOD, SUPPORTING RESIDENTS THROUGH MEANINGFUL, PAID WORK AND THE SKILLS NEEDED TO MATERIALIZE AND MAINTAIN URBAN SPACES.
DEVELOPMENT: IN ADDITION TO THE PHYSICAL WORK THAT WE DO, WE'RE ALSO DEDICATED TO FACILITATING CONVERSATIONS WITHIN THE NEIGHBORHOOD ABOUT ITS PRESENT AND FUTURE. THROUGH COMMUNITY GATHERINGS, SURVEYS, INFORMAL CONVERSATIONS AND SHARED SPACES, WE SUPPORT COLLECTIVE VISIONING BOTH PRACTICAL AND UTOPIAN OF THE MIDWAY NEIGHBORHOOD. FROM THESE CONVERSATIONS, WE DEVELOP NEW ACTIVITIES FOR THE COOPERATIVE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nicholas Wisniewski President | 4 | $0 | |
Scott Berzofsky Vice President | 0.5 | $0 | |
Molly Porter Secretary | 0.5 | $0 | |
Merrell Hambleton Treasurer | 1 | $0 | |
Kyle Smith Director | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $131 |
Total Program Service Revenue | $19,949 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $20,080 |
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 | $240,054 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $180,471 |
Total expenses | $420,525 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $74,473 |
Other assets | $0 |
Total assets | $91,080 |
Total liabilities | $509,567 |
Net assets or fund balances | -$418,487 |