Baltimore Affordable Housing Development
Baltimore Affordable Housing Development reported $16.0 million in revenue and $14.7 million in expenses for calendar year 2024. Of every $100 it spent, $88.66 went to program services, $11.34 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 192.8% of the total. Government grants made up 60.3%. The highest compensation it reported for one person was $479,159 (CHIEF EXECUTIVE OFFICER). Revenue fell 9% between 2021 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $16M- Contributions & grants (non-government)$65.14 $21M
- Government grants$29.66 $9.7M
- Program service revenue$2.17 $705K
- Investment income$3.03 $985K
Other revenue was negative: −$17M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.7% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 192.8% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 60.3% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 4.4% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $479,159 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.25% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 247.0 | 10.0 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseFacilitates perkins, somerset, oldtown (pso) development project with multiple phases utilizing habc, baltimore city, and the state of maryland funds, choice neighborhood initiative (cni), capital funds and mtw reserves
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Director/trustee, officer, 1.88 hrs/week | $0 | $417,765 | $61,394 | $479,159 |
| PRESIDENT Director/trustee, officer, 5.63 hrs/week | $0 | $192,422 | $56,874 | $249,296 |
| DIRECTOR Director/trustee, 1.88 hrs/week | $0 | $211,629 | $37,343 | $248,972 |
| RESIDENT AGENT Officer, 3.75 hrs/week | $0 | $190,390 | $51,841 | $242,231 |
| CHIEF FINANCIAL OFFICER Officer, 3.75 hrs/week | $0 | $196,661 | $20,062 | $216,723 |
| SECRETARY Director/trustee, officer, 11.25 hrs/week | $0 | $168,096 | $18,383 | $186,479 |
0 people received more than $100,000 in reportable compensation from Baltimore Affordable Housing Development (Part VII, line 2).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 629
Correct a figure or respond
Every number above is copied from Baltimore Affordable Housing Development's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Baltimore Affordable Housing Development, you can publish a response that is linked from this page.
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Of every $100 Baltimore Affordable Housing Development spent in 2024, $88.66 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Christian CARE TucsonPhoenix, AZ · revenue $16M · programs 80.7% · 2024
- Housing PartnershipRiviera Beach, FL · revenue $16M · programs 97.3% · FY2025
- Buckeye Community Hope FoundationColumbus, OH · revenue $16M · programs 93.1% · FY2025
- Habitat for Humanity of Greater SacramentoSacramento, CA · revenue $16M · programs 78.8% · FY2025
- Cedar Lake VillageSioux Falls, SD · revenue $16M · programs 88.0% · 2024
All housing & shelter charities · Largest charities in Maryland
Questions people ask
How much of Baltimore Affordable Housing Development's spending goes to programs?
In calendar year 2024, Baltimore Affordable Housing Development reported that 88.7% of its $14.7 million in expenses went to program services, 11.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Baltimore Affordable Housing Development pay its top executive?
The largest total compensation Baltimore Affordable Housing Development reported for one person in calendar year 2024 was $479,159, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Baltimore Affordable Housing Development get its money?
Of $16.0 million in revenue in calendar year 2024, 192.8% came from contributions and grants (including 60.3% from government grants) and 4.4% from program service revenue (Form 990, Part VIII).
Is Baltimore Affordable Housing Development a registered charity?
The IRS lists EIN 47-1204443 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523179349302067 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423199349313122 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349309376 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349322890 · read the filing
All filings for EIN 47-1204443: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.