Midway Neighborhood Cooperative Inc
- Assets
- $222.3k
- Revenue
- $344.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2894699
Organization Overview
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 12/2021, Midway Neighborhood Cooperative Inc generated $344.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $173.5k during the year ending 12/2021. While expenses have increased by 29.9% per year over the past 3 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
2021
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 - Line 4a
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Wisniewski President | OfficerTrustee | 4 | $1,593 |
Scott Berzofsky Vice President | OfficerTrustee | 0.5 | $0 |
Merrell Hambleton Treasurer | OfficerTrustee | 1 | $0 |
Molly Porter Secretary | OfficerTrustee | 0.5 | $0 |
Kyle Smith Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $520 |
| Total Program Service Revenue | $343,392 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $344,010 |
| 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. | $1,593 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,261 |
| Advertising and promotion | $1,590 |
| Office expenses | $66 |
| Information technology | $40 |
| 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 | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,420 |
| All other expenses | $551 |
| Total functional expenses | $173,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,150 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,279 |
| Accounts payable and accrued expenses | $13,286 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $96 |
| Total liabilities | $13,382 |
| Net assets without donor restrictions | $208,897 |
| 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 | $222,279 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midway Neighborhood Cooperative Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Jim And Patty Rouse Charitable Foundation Inc Upperco, MD PURPOSE: UNRESTRICTED | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elderhomes Corp Richmond, VA | $14,660,799 | $21,894,456 |
Rebuilding Together Inc Washington, DC | $7,727,299 | $12,350,549 |
Rebuilding Together Philadelphia Philadelphia, PA | $1,909,589 | $2,697,411 |
Rebuilding Together Dc Alexandria Washington, DC | $1,513,391 | $2,291,650 |
Southside Outreach Group Inc South Boston, VA | $3,092,581 | $1,458,646 |
Northwest Pennsylvania Weatherization Inc Meadville, PA | $440,849 | $827,625 |
Black Women Build - Baltimore Baltimore, MD | $1,287,969 | $914,692 |
Rebuilding Together Of Richmond Richmond, VA | $314,205 | $833,981 |
Weatherization Inc Huntingdon, PA | $44,234 | $508,306 |
Christmas In April-Prince Georges County Inc Clinton, MD | $554,516 | $575,846 |
Nazareth Farm Inc Salem, WV | $1,259,725 | $415,345 |
Day Spring Camp And Conference Center Fairmont, WV | $309,597 | $174,724 |