City Of Baltimore Development Corporation

Organization Overview

City Of Baltimore Development Corporation is located in Baltimore, MD. The organization was established in 1992. 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. As of 06/2021, City Of Baltimore Development Corporation employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Baltimore Development 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 06/2021, City Of Baltimore Development Corporation generated $13.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $25.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CITY OF BALTIMORE DEVELOPMENT CORPORATION (BDC) IS CONTRACTED WITH THE CITY OF BALTIMORE TO PROVIDE ECONOMIC DEVELOPMENT SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS ASSISTANCE, SITE ANALYSIS, FINANCIAL PACKAGING, OMBUDSMAN, PROMOTING AND MARKETING OF BALTIMORE, MD


SITE DEVELOPMENT COST, SITE ACQUISTION, CONSULTANTS, ENGINEERING, CONSTRUCTION, AND OPERATION DEVELOPMENT OF AREAS OWNED BY AND/OR LOCATED IN BALTIMORE, MD


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Board, Officers & Key Employees

Name (title)Compensation
Colin Tarbert
President & CEO
$190,599
Kimberly Clark
Executive VP
$169,660
William Beckford
Director Of Neighboorhood
$135,486
Jeffrey Pillas
CFO
$120,655
Deborah Tillet
Director Of Technology
$116,838
David Adamski
Treasury Controller
$68,107

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $11,679,287
All other contributions, gifts, grants, and similar amounts not included above$379,483
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,058,770
Total Program Service Revenue$1,416,764
Investment income $354,458
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 $13,864,142

Grants Recieved

Over the last fiscal year, we have identified 4 grants that City Of Baltimore Development Corporation has recieved totaling $155,000.

Awarding OrganizationAmount
The Abell Foundation Inc

Baltimore, MD

PURPOSE: COMMUNITY DEVELOPMENT

$50,000
The Abell Foundation Inc

Baltimore, MD

PURPOSE: COMMUNITY DEVELOPMENT

$37,500
The Abell Foundation Inc

Baltimore, MD

PURPOSE: COMMUNITY DEVELOPMENT

$37,500
Healthy Neighborhoods Inc

Baltimore, MD

PURPOSE: PARK HEIGHTS

$30,000
View Grant Recipient Profile

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