2024-05-15T13:48:26-05:00 2023-06-30 522334868 GRANDIZIO WILKINS LITTLE & MATTHEWS 8370 VETERANS HIGHWAY SUITE 104 MILLERSVILLE MD 21108 990 2022-07-01 521034466 SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION INC SOUT 4103423234 3323 EASTERN AVENUE 200 BALTIMORE MD 21224 LAURIE LATUDA KINKEL INTERIM EXECUTIVE DIRECTOR 4103423234 2024-05-14 1 LAURIE LATUDA KINKEL 999009999 0 TONY PARROTT P00161103 4109873313 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAURIE LATUDA KINKEL 3323 EASTERN AVENUE SUITE 200 BALTIMORE MD 21224 3516608 0 X N/A X 1975 MD TO PROVIDE SUPPORT FOR CHARITABLE, EDUCATIONAL, AND OTHER COMMUNITY SERVICES FOR THE NEIGHBORHOODS OF SOUTHEAST BALTIMORE 16 16 30 201 0 0 2679304 3243900 0 143096 104481 31411 313737 98201 3097522 3516608 0 0 0 0 1324285 1367731 0 0 0 1081161 1521524 2405446 2889255 692076 627353 3616310 4568448 901143 1516835 2715167 3051613 TO PROVIDE SUPPORT FOR CHARITABLE, EDUCATIONAL, AND OTHER COMMUNITY SERVICES FOR THE NEIGHBORHOODS OF SOUTHEAST BALTIMORE 0 0 747832 143096 HOMEOWNERSHIP/ FINANCIAL STABILITY PROGRAMPROVIDES COMPREHENSIVE HOUSING COUNSELING SERVICES INCLUDING: PRE-PURCHASE, FORECLOSURE PREVENTION, REVERSE MORTGAGE AND FINANCIAL COUNSELING TO HELP OBTAIN AND MAINTAIN HOMEOWNERSHIP. 1409106 NEIGHBORHOOD/ COMMERCIAL REVITALIZATION PROGRAMHELPS SOUTHEAST BALTIMORE NEIGHBORHOODS INCREASE HOME VALUES, MARKET COMMUNITIES, OFFER LOW INTEREST LOANS FOR HOME PURCHASE AND REHABILITATION, AND OBTAIN GRANTS FOR BLOCK PROJECTS 458195 COMMUNITY SCHOOLS PROGRAMESTABLISHES PARTNERSHIPS TO PROVIDE EXTRA ENRICHMENT AND SUPPORTIVE SERVICES TO CHILDREN AND FAMILIES IN K-8 SCHOOLS IN SOUTHEAST BALTIMORE 2615133 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 1 30 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MD X X THE ORGANIZATION 4103423234 3323 EASTERN AVENUE 200 BALTIMORE MD 21224 AGNES ARNOLD DIRECTOR 2.00 X 0 0 0 ALEXANDRA SMITH DIRECTOR 2.00 X 0 0 0 ANNE STAHL DIRECTOR 2.00 X 0 0 0 CARLOS PLAZAS TREASURER 1.00 X X 0 0 0 CAROLYN KRYSIAK DIRECTOR 2.00 X 0 0 0 DOUGLAS E SCHMIDT CHAIR 1.00 X X 0 0 0 EBEN HANSEL DIRECTOR 1.00 X 0 0 0 JASON FLIPPOU VICE CHAIR 1.00 X X 0 0 0 MARK PARKER SECRETARY 1.00 X X 0 0 0 MATTHEW SEWARD DIRECTOR 1.00 X 0 0 0 MICHELLE FIELDS-HALL DIRECTOR 1.00 X 0 0 0 PATRICK LUNDBERG DIRECTOR 1.00 X 0 0 0 ROBBYN LEWIS DIRECTOR 1.00 X 0 0 0 SONJA WELLS DIRECTOR 1.00 X 0 0 0 JENNIFER NICKOLES DIRECTOR 1.00 X 0 0 0 KARI SNYDER EXECUTIVE DIRECTOR 40.00 X 84347 0 0 84347 0 0 0 0 0 0 LIBEY LLC 2 WEST 21ST STREET SUITE A4 BALTIMORE MD 21218 GENERAL CONTRACTORS 135973 1 1888765 1355135 3243900 LEAD AGENCY SERVICE FE 900099 143096 143096 143096 31411 31411 RENTAL INCOME 900099 68490 68490 MISCELLANEOUS 900099 18504 18504 HOUSING COUNSELING 900099 11207 11207 98201 3516608 241297 0 31411 84347 82829 1518 1189462 1168087 21375 93922 92198 1724 153212 19237 133975 11010 9889 1121 46227 37365 8862 28500 26745 1755 2281 1754 527 8620 8620 67339 66666 673 18998 18017 981 CONTRACT LABOR 844756 837946 6810 CLIENT ASSISTANCE 142668 141040 1628 PROPERTY MAINTENANCE 30739 23448 7291 DUES AND SUBSCRIPTIONS 28891 21292 7599 138283 68620 69663 2889255 2615133 274122 0 1071789 742498 832815 1011275 79421 40378 70099 1955540 500592 1522287 1454948 1313496 1810109 -1802768 -2227034 599270 1666175 3616310 4568448 131621 140193 94422 72700 675100 1303942 901143 1516835 X 2365446 2495596 349721 556017 2715167 3051613 3616310 4568448 X 627353 136565 -3206 -424266 X X 0 1 X 1 0 X 2073446 2631937 2558246 2679304 3243900 13186833 2073446 2631937 2558246 2679304 3243900 13186833 13186833 54701 27029 19786 35814 31411 168741 153 966 2907 8405 18504 30935 13386509 737521 0.98510 0.98520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1420283 364908 1055375 457696 61026 396670 44463 41560 2903 33098 33098 0 1454948 SECURITY DEPOSITS 854 PREPAID EXPENSES 2283 ACCRUED INTEREST AND DIVIDENDS RECEIVABLE ON INVESTMENTS 14925 DUE FROM RELATED PARTY 1582676 DEBT ISSUANCE COSTS (NET OF AMORTIZATION) 5085 RIGHT OF USE ASSETS 60352 1666175 TENANTS SECURITY DEPOSITS 4883 REFUNDABLE ADVANCES 624699 LINES-OF-CREDIT 555000 FISCAL AGENT LIABILITY 58049 OPERATING LIABILITY 61311 1303942 X 4093687 136565 443720 580285 3513402 3206 3206 3516608 3757241 867986 867986 2889255 0 2889255 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION'S EVALUATION AT JUNE 30, 2023 REVEALED NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. TAX RETURNS FOR THE PREVIOUS THREE (3) YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE ORGANIZATION DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE (12) MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF FOR-PROFIT SUBSIDIARY 159,641. REVENUE OF NON-PROFIT SUBSIDIARY 284,079. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES INCLUDED IN NET INVESTMENT RETURN 3,206. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF FOR-PROFIT SUBSIDIARY 346,117. EXPENSES OF NON-PROFIT SUBSIDIARY 521,869. FORM 990, PART VI, SECTION B, LINE 11B EACH MEMBER RECEIVES A COPY OF THE 990 PRIOR TO SIGNING. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE 990 BEFORE FORWARDING TO THE EXECUTIVE DIRECTOR FOR SIGNING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY. THEY ARE ALSO REQUIRED TO REPORT ANY CHANGES THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS COMPARABLE SALARIES WITH SIMILAR ORGANIZATIONS IN THE AREA TO DETERMINE ALL COMPENSATION FOR ALL POSITIONS, INCLUDING THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION FORM 990, PART XI, LINE 9: LOSS FROM FOR-PROFIT INVESTMENT -186,476. LOSS FROM NON-PROFIT INVESTMENT -237,790. FORM 990, PART XII, LINE 2C: THE SELECTION AND OVERSIGHT PROCESSES DID NOT CHANGE DURING THE CURRENT YEAR WOLFE STREET ENTERPRISES LLC 3323 EASTERN AVE BALTIMORE MD 21224 522016198 REAL ESTATE RENTAL AND LEASING MD 186290 840952 SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION 3323 EASTERN AVE LLC 3323 EASTERN AVE BALTIMORE MD 21224 453059953 REAL ESTATE LEASING MD 924129 SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION HOPE DEVELOPMENT LLC 3323 EASTERN AVE BALTIMORE MD 21224 521845968 ACQUISITION AND DEVELOPMENT OF LAND MD 501(C)(3) PF SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION 0 WOLFE STREET DEVELOPMENT COMPANY 3323 EASTERN AVE BALTIMORE MD 21224 521778580 DEVELOPMENT MD 501(C)(3) PF SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HOPE DEVELOPMENT D 1582676 CASH