NonprofitsBaltimore Community Lending Inc

Community Improvement

Baltimore Community Lending Inc

BALTIMORE, MD

Total revenue

$6.4M

Total expenses

$5.2M

Net assets

$18.3M

Grants received

$5.0M

36 grants

EIN

521632468

Tax year

2023

Mission

The mission of baltimore community lending is to support revitalization and strengthening of underserved baltimore neighborhoods through innovative and flexible financial assistance designed to foster community development.

Programs

1 program

The small business division is a five-year-old small business loan initiative which provides financing for credit worthy businesses that lack equity or are not otherwise eligible for traditional financing. It maintains , manages and services approximately 132 small business loans totaling approximately $9,045,865 for start-up and expanding businesses.

Expenses: $74K

Financials

FY 2023

Revenue

Contributions & grants$4.1M
Program service revenue$2.1M
Investment income$178K
Other revenue$3K
Total revenue$6.4M

Expenses

Grants paid$70K
Salaries & benefits$2.2M
Fundraising$222K
Other expenses$3.0M
Total expenses$5.2M
Total assets$40.4M
Net assets$18.3M

People

10 listed

NameRoleCompensation

WATCHEN HARRIS BRUCE

PRESIDENT AND CEO

Board

$183K

40 hrs/wk

MICHAEL TAGG

BOARD CHAIR

Board

0.3 hrs/wk

ALEX AARON

BOARD VICE CHAIR

Board

0.3 hrs/wk

ANTONY GATES

TREASURER

Board

0.3 hrs/wk

LINDA HARRINGTON

SECRETARY

Board

0.3 hrs/wk

ALICE KENNEDY

BOARD MEMBER

Board

0.3 hrs/wk

GEORGE VON ZEDLITZ

BOARD MEMBER

Board

0.3 hrs/wk

GERARD JOAB

BOARD MEMBER

Board

0.3 hrs/wk

JEFFREY C WILKE

BOARD MEMBER

Board

0.3 hrs/wk

PAUL T GRAZIANO

BOARD MEMBER

Board

0.3 hrs/wk

Grants received

Showing 36 of 36

FromAmountPurposeYear
$125K
1 grant(s) for varying purposes
2024
$75K
FINANCIAL WELL-BEING
2024
$25K
GENERAL SUPPORT AND VARIOUS PROJECTS
2024
$200K
FINANCE JUSTICE FUND SUBGRANT
2023
$125K
1 grant(s) for varying purposes
2023
$90K
GRANT DISBURSEMENT TO PARTNER
2023
$50K
SUPPORTING GRANT
2023
$630K
Food Ecosystem training/tech assistance
2022
$600K
GENERAL OPERATING
2022
$190K
GRANT DISBURSEMENT TO PARTNER
2022
$100K
PROGRAM/OPERATING SUPPORT
2022
$80K
COMMUNITY DEVELOPMENT
2022
$75K
GENERAL SUPPORT AND VARIOUS PROJECTS
2022
$690K
GRANT DISBURSEMENT TO PARTNER
2021
$15K
COMMUNITY DEVELOPMENT: TO SUPPORT SMALL BUSINESS LENDING IN BALTIMORE CITY.
2021
$350K
1 GRANT(S) FOR VARYING PURPOSES
2020
$250K
PROGRAM SERVICE LOAN
2020
$168K
GENERAL SUPPORT AND VARIOUS PROJECTS
2020
$88K
COMMUNITY DEVELOPMENT
2020
$75K
GENERAL OPERATING
2020
$50K
COMMUNITY DEVELOPMENT
2020
$50K
COVID-19 GRANT
2020
$36K
SUPPORTING GRANT
2020
$20K
GENERAL OPERATING
2020
$15K
COMMUNITY DEVELOPMENT: TO SUPPORT SMALL BUSINESS LENDING IN BALTIMORE CITY.
2020
$10K
BALTIMORE COMMUNITY LENDING CAPACITY INITIATIVE
2019

Funded by

$5.0M from 17 funders · 36 grants · 2019–2024

Latino Economic Development Corporation

$970K · 3 grants · 2021–2023

Truist Foundation Inc

$620K · 2 grants · 2020–2022

The Winston-Salem Foundation

$600K · 3 grants · 2020–2024

The Bank of America Charitable Foundation Inc

$600K · 6 grants · 2020–2022

Baltimore Community Foundation Inc

$268K · 3 grants · 2020–2024

Cooperative Assistance Fund Inc

$250K · 1 grant · 2020

Opportunity Finance Network

$250K · 2 grants · 2020–2023

Details

EIN521632468
NTEE codeS310
Subsection03
Ruling date1989-09
Formed1989
Employees17
Volunteers11
BALTIMORE COMMUNITY LENDING INC — Mission, Financials & Grants Received | Grantivo