2025-05-15T14:58:35-05:00 2024-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2023-07-01 521632468 BALTIMORE COMMUNITY LENDING INC BALT 4107278590 875 HOLLINS STREET BALTIMORE MD 21201 WATCHEN HARRIS BRUCE PRESIDENT & CEO 4107278590 2025-05-15 1 0 MONIQUE BOOKER P00644231 4105840060 2023 2025-03-06 01:10:19Z WATCHEN HARRIS BRUCE 875 HOLLINS STREET BALTIMORE MD 21201 6401767 0 X WWW.BCLENDING.ORG X 1989 MD 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. 18 18 17 11 0 0 2390536 4080232 2392998 2133184 81849 178351 0 2814 4865383 6394581 546150 69750 0 0 1887218 2206153 0 0 221568 1542187 2972298 3975555 5248201 889828 1146380 37305565 40362956 20143885 22091376 17161680 18271580 THE MISSION OF BALTIMORE COMMUNITY LENDING IS SUPPORTING THE REVITALIZATION AND STRENGTHENING OF UNDERSERVED COMMUNITIES IN THE GREATER BALTIMORE REGION THROUGH INNOVATIVE FINANCIAL SOLUTIONS AND COLLABORATIVE RESOURCES DESIGNED TO PROMOTE COMMUNITY DEVELOPMENT. 0 0 4217630 69750 1520858 COMMUNITY DEVELOPMENT LOAN PORTFOLIO MANAGEMENT MAINTAIN, MANAGE AND SERVICE APPROXIMATELY 50 COMMUNITY DEVELOPMENT LOAN ASSETS TOTALING APPROXIMATELY $17 MILLION AND REPRESENTING IN EXCESS OF 400 AFFORDABLE HOUSING UNITS, COUNSEL AND ADVISE EXISTING BORROWERS CONCERNING LOAN COMPLIANCE BEST PRACTICES, AND ASSIST STRUGGLING BORROWERS TO IDENTIFY AVAILABLE REMEDIES IN THE EVENT OF PAYMENT AND/OR PERFORMANCE CHALLENGES. 73675 612326 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. 4291305 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 36 0 1 17 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X SUSAN KELLY 4107278590 875 HOLLINS STREET STE 301 BALTIMORE MD 21201 WATCHEN HARRIS BRUCE PRESIDENT AND CEO 40.00 X X 182712 0 0 MICHAEL TAGG BOARD CHAIR 0.30 X 0 0 0 ALEX AARON BOARD VICE CHAIR 0.30 X 0 0 0 ANTONY GATES TREASURER 0.30 X 0 0 0 LINDA HARRINGTON SECRETARY 0.30 X 0 0 0 ALICE KENNEDY BOARD MEMBER 0.30 X 0 0 0 GEORGE VON ZEDLITZ BOARD MEMBER 0.30 X 0 0 0 GERARD JOAB BOARD MEMBER 0.30 X 0 0 0 JEFFREY C WILKE BOARD MEMBER 0.30 X 0 0 0 PAUL T GRAZIANO BOARD MEMBER 0.30 X 0 0 0 182712 0 0 5 0 1 0 0 3790111 290121 4080232 INTEREST INCOME ON NOT 900099 1735563 1735563 FEE INCOME AND OTHER 900099 397621 397621 2133184 178351 178351 10000 7186 2814 2814 6394581 2133184 0 181165 X 69750 69750 183061 129863 34813 18385 1632469 1158066 310451 163952 252339 179008 47988 25343 138284 98098 26298 13888 129688 92078 37610 21800 15478 6322 240442 170714 69728 46018 32645 13373 58103 41218 16885 129463 91841 37622 81723 57974 23749 35643 25285 10358 21154 15006 6148 552472 552472 84740 60114 24626 101918 72300 29618 BAD DEBT 1332395 1332395 MISCELLANEOUS EXPENSE 77185 54753 22432 BANK CHARGES 32092 22766 9326 DUES AND SUBSCRIPTIONS 27462 19481 7981 5248201 4291305 735328 221568 6442660 7720104 2900637 19428 374000 25667343 26522913 50982 154180 4373304 472110 280552 3901194 1608331 1671137 355060 37305565 40362956 218533 285224 717900 1084328 150724 64035 19056728 20657789 20143885 22091376 X 15094180 16301580 2067500 1970000 17161680 18271580 37305565 40362956 1146380 -36480 0 X X 0 1 X 1 0 X 938306 2591533 3471236 2182396 4080232 13263703 1425168 1578235 1587538 2392998 2133184 9117123 2363474 4169768 5058774 4575394 6213416 22380826 0 0 0 22380826 33858 5031 15967 81849 178351 315056 33858 5031 15967 81849 178351 315056 2814 2814 2397332 4174799 5074741 4657243 6394581 22698696 0.98600 0.98940 0.01390 0.01060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 25531 25531 830133 472110 358023 3517640 3517640 3901194 X 6502239 100472 7186 107658 6394581 0 6394581 5255387 7186 7186 5248201 0 5248201 PART IV, LINE 2B: ESCROW FUNDS - THIS LIABILITY RELATES TO FUNDS HELD BY BCL AS AN ESCROW BALANCE FOR SINGLE FAMILY AND MULTI-FAMILY LOAN PROGRAM. PART X, LINE 2: BALTIMORE COMMUNITY LENDING, INC., CREO INC., AND BD&RC ARE EXEMPT FROM THE PAYMENT OF INCOME TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. BCL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 REMAIN OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE STATE AND LOCAL JURISDICTION IN WHICH BCL FILES TAX RETURNS. IT IS BCL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUND RAISING EXPENSES 7,186. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUND RAISING EXPENSES 7,186. 0 X X X X 0 0 0 0 0 0 0 0 0 WATCHEN HARRIS BRUCE PRESIDENT AND CEO 179712 0 3000 0 0 0 0 0 0 0 182712 0 0 0 ALEX AARON BOARD VICE CHAIR MORTGAGE FOR RENTAL PROPERTY X 374000 374000 0 1 1 374000 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, THE FORM 990 WAS REVIEWED BY MANAGEMENT AND THE AUDIT & FINANCE COMMITTEE. A COPY OF THE FINAL VERSION WAS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE REVIEWS AND APPROVES ALL OFFICERS' COMPENSATION. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS INDUSTRY PEER COMPENSATION IS CONSIDERED IN MAKING COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G LOAN PROCESSING & OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 170,714. MANAGEMENT AND GENERAL EXPENSES 69,728. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 240,442. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. CREO INC 875 HOLLINS STREET SUITE 301 BALTIMORE MD 21201 521817535 HOLDS TITLE TO REAL PROPERTY SECURING DEFAULTED LOANS FROM BCL. MD 501(C)(3) LINE 12B, II BALTIMORE COMMUNITY LENDING INC 1 BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY INC 875 HOLLINS STREET SUITE 301 BALTIMORE MD 21201 922086375 OFFERS WRAP-AROUND BUSINESS SERVICES IN PARTNERSHIP, COLLABORATION, AND/OR S MD 501(C)(3) LINE 12B, II BALTIMORE COMMUNITY LENDING INC 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY INC D 2878325 FMV