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 09/2023, Hagerstown Revitalization Corporation generated $73.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $79.9k during the year ending 09/2023. 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 Program Activity:
Part 3
REHABILITATED 4 HOUSING UNITS AND PROVIDED AFFORDABLE HOUSING TO LOW-INCOME FAMILIES
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Griffith President | 2 | $0 | |
David Kump Vice-President | 2 | $0 | |
Sherry Buhrman Secretary | 1 | $0 | |
Lorrie Young Treasurer | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,627 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $69,415 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,042 |
| 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 | $58,457 |
| Occupancy, rent, utilities, and maintenance | $14,112 |
| Printing, publications, postage, and shipping | $435 |
| Other expenses | $6,900 |
| Total expenses | $79,904 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,474 |
| Other assets | $0 |
| Total assets | $125,676 |
| Total liabilities | $13,275 |
| Net assets or fund balances | $112,401 |