2026-05-15T10:27:10-07:00 2025-06-30 990 2024-07-01 521317246 PEOPLES HOMESTEADING GROUP INC PEOP 4108890071 410 EAST NORTH AVENUE BALTIMORE MD 21202 Michael Mazepink Officer 4109521369 2026-05-15 1 2024 2025-03-06 01:10:19Z Michael Mazepink 410 East North Avenue Baltimore MD 21202 234878 0 X X 1983 MD People's Homesteading Group (PHG) develops, coordinates and implements programs and related activities that create opportunities for home ownership for low-to-moderate income households by making physical and social improvements in deteriorated Baltimore neighborhoods, focusing on rehabilitation of vacant, abandoned residential properties. PHG eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing and revitalizing deteriorated Baltimore neighborhoods. In addition, the organization hires disadvantaged adults for entry level construction jobs by carrying out interior demolition for the organization's own projects. Our organization also supported resident efforts to create gardens on vacant lots. 3 3 1 10 0 0 128532 207009 42833 0 5 29 23202 27840 194572 234878 0 0 0 0 38799 35732 0 0 0 122718 194647 161517 230379 33055 4499 1205849 2735520 666363 2073352 539486 662168 People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and creates job opportunities for disadvantaged adults. PHG also eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods. PHG also supports neighborhood residents and community leaders to develop and implement physical improvements such as establishing and maintaining gardens on vacant lots as a means of beautifying the neighborhood adjacent to our housing efforts and as a means of engaging youth and their families to responsibly carry out their own physical improvements to their community. 0 0 230379 191117 234877 In October 2024, People's Homesteading Group (PHG) executed a deed of trust and two notes that provided construction & bridge financing in the amount of $2,008,000 from the Neighborhood Impact Investment Fund. These funds were the principal source of funds to rehabilitate & sell 5 formerly dilapidated, blighted vacant houses for sale to homeowners. These 5 homes raised to twenty homes the number of renovated homes developed by PHG on the 400-block of East 22nd Street--417, 432, 439, 448 and 450 East 22nd. This Historic East 22nd Street Project also received an award of $200,000 in construction related grants from the Baltimore City Department of Housing and Community Development By June 30, 2025, PHG, utilizing the services of a general contractor, successfully renovated the five houses and achieved Baltimore City certificates of occupancy and approval of the important historic property tax credits issued by the Baltimore City Commission for Historical and Architectural Preservation (CHAP) for each of the five homes. Renovating the five vacant houses has increased our number of renovated and sold homes to 20 houses on the 400-block of East 22nd Street. PHG also continues to hire disadvantaged adults to work on our properties through a general contractor and subcontractors and through our Greenmount Jobs center. We also engage minority business enterprises and a woman-owned business enterprise for this work through our General Contractor. Subsequently, after June 30, 2025, PHG successfully sold all five of the properties by the end of calendar year 2025 and has paid back NIIF for construction financing. These events will be reported in the IRS Form 990 for the year ending June 30, 2026. 0 0 0 People's Homesteading Group Incorporated develops homeownership opportunities for households of low to moderate income households in deteriorated Baltimore neighborhoods and creates job opportunities for disadvantaged adults. PHG also eliminates blighted vacant houses by renovating and occupying them for homeowner occupancy as a means of stabilizing deteriorated Baltimore neighborhoods. 0 0 0 Not Applicable 0 0 0 Not Applicable 0 0 0 230379 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MD X Michael Mazepink 4109521369 410 EAST NORTH AVENUE BALTIMORE MD 21202 Michael Mazepink Executive Director 40 0 X X X 28800 0 28800 Grace Willis President 2 0 X X 0 0 0 Malindi Lankatilleke Vice President 2 X X 0 0 0 Grace Comer Board Director 1 0 X 0 0 0 28800 0 28800 0 0 0 0 Edgemont Builders 2303 North Charles Street Baltimore MD 21218 General Contractor: Gut Rehab of 5 vacant houses--417, 432, 439, 448, 450 East 22nd Street 1636725 1 X 0 0 0 0 161709 45300 0 207009 0 29 29 0 0 0 0 0 0 0 0 0 0 27389 0 0 0 27389 0 27389 27389 0 0 0 0 0 451 451 0 0 451 234878 27869 0 0 X 0 0 0 0 0 0 0 0 24400 24400 0 0 0 0 0 0 0 0 0 0 0 0 0 0 403 403 0 0 10929 10929 0 0 0 0 0 0 5000 5000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6257 6257 0 0 0 0 0 0 3830 3830 0 0 579 579 0 0 0 0 0 0 12792 12792 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8649 8649 0 0 0 0 0 0 14827 14827 0 0 15715 15715 0 0 Payment to General Contractor for 5-House Project From City Grant--CCG-RND03-CAP-Draw 2-A 118109 118109 0 0 Utilities--Baltimore Gas & Electric-Multiple Properties 8649 8649 0 0 Mobile Phone Service--Pure Talk 240 240 0 0 0 0 0 0 230379 230379 0 0 10049 1395 0 0 400000 308000 50000 1695 0 0 0 0 80000 80000 0 0 0 2344430 0 503800 2344430 0 0 0 0 162000 0 1205849 2735520 12800 20178 0 0 0 0 0 0 0 0 0 49800 497107 1988374 112456 15000 44000 666363 2073352 X 539486 662168 0 0 539486 662168 1205849 2735520 X 4499 0 0 0 0 118183 X 0 0 0 X 88742 179898 139325 95969 199000 702934 0 0 0 0 0 0 0 0 88742 179898 139325 95969 199000 702934 702934 71183 107326 54002 98603 234876 565990 0 0 0 0 0 0 0 0 1268924 1268924 0.55396 0.68848 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 2344430 0 0 2344430 0 0 0 0 0 0 0 0 0 0 0 0 2344430 Michael Mazepink Officer, Executive Director, Founder Revolving cash flow payments as needed from time to time X 118000 49800 0 1 1 49800 Form 990, Part VI, Section B, Line 11b The review of the IRS Form 990 is initiated by the executive director who presents the accounting of revenues, expenses, assets, liabilities and net assets and related 990 information to the three voting members of the Board of Directors. Because two of the Board members are experiencing medical issue, the executive director delivers the completed 990 form with each board member individually and reviews the data and accomplishments presented in the document. Further information is available upon request. Form 990, Part VI, Section C, Line 19 PHG is a small but highly visible group working to renovate vacant houses in the Barclay neighborhood of Central Baltimore. We have been working as an organization in Barclay and adjacent communities along Greenmount Avenue since 1999. PHG is a founding organizational member of Central Baltimore Partnership (CBP) and we have developed strong ties with other non-profit developers and neighborhood associations who are also members of CBP. Our organizational documents are submitted with each application that we submit for funding resources. In June 2025, PHG completed rehabilitation of 5 homes that previously were vacant shells with no floors or roofs. At that time, our primary lender, Neighborhood Impact Investment Fund, arranged for a youth video project to highlighted our efforts in a documentary video that in September was screened to a city-wide confernce of housing, community and art organization that involved over 200 activists. That documentary is available upon your request. Form 990, Part VIII, Line 1a The total amount of $200,009 was funding support composed of four contribution. First, Baltimore City's Housing Department granted $153,700 from its Community Catalyst Grant (CCG-RND03-CAP308) for capital projects, namely, the 5 house PHG Historic East 22nd Street Project, $118,109.25 was paid to Edgemont Builders through Draw 2-A. The balance of the funds were paid for insurance and architectural services. Second, Neighborhood Impact investment Fund, Inc. (the lender) provided a 'small developer grant' in the amount of $23,782.50 for project management costs. Third, Jubilee Baltimore provided general operating funds in the amount of $15,892. Fourth, from the previous year (FY-2023-2024), $8,009 was carried over from the Community Catalyst Grant (CCG-RND03-OP316) dedicated to staff salary. Fifth, Michael Mazepink contributed $5,625.25 to 'top up' the funds needed to complete the annual budget. Form 990, Part VIII, Line 3 PHG's checking account usually provides a few dollars of interest. However, during the 2024-2025 IRS 990 period, PHG received $1,636,725, primarily from the construction loan draws from the Neighborhood Impact Investment Fund. Those funds were passed through to pay the successive draws to Edgemont Builders. During the short period between receipt of construction financing and payments to the builder, PHG was able to accrue $29.00 in interest income. Form 990, Part VIII, Line 11a 11b 11c The amount of $451 is composed of two deposits: $450 and $1.00. When the Baltimore City Environmental Control Board levied a penalty on People's Homesteading Group for a zoning ordinance violation, PHG's executive director presented evidence in an appeal to the ECB that City housing inspectors failed to determine that the property in question WAS in compliance with zoning regulations. The supervising board of the Environmental Control Board over ruled the ECB hearing officer. PHG was still required to pay the $450 fine but that fine was repaid to PHG (after 18 months). In addition, the Chesapeake Employers Insurance Company refunded PHG $1.00 due to an overpaid premium. Form 990, Part IX, Line 11g People's Homesteading Group engaged Trace Architects to carry out schematic and detailed construction drawings for the 5-house rehab project for a total of $4,007. PHG also engaged Urban Green Environmental Consultants to carry out a Phase I Environmental Impact Statement for the 5 houses for $2,250. Form 990, Part XI, Line 9 As of June 30, 2025, all five of the fully renovated homes were completed and had received certificates of occupancy and the Baltimore historic property tax credit that provide a financial incentive to the home buyer. After June 30, 2025, the PHG executive director as the project manager worked with the lender, Neighborhood Impact Invest Fund, and the general contractor, Edgemont Builder to submit three additional draws of funds to fully the pay the general contractor for the completed work. On the balance sheet, the Grants Receivable item of Current Assets includes the Maryland State "BRNI funds and the Baltimore City "Surplus Funds" grants and a third unrelated grant. Those funds were contractually approved but could only be received AFTER the completion and certification of the work. These funds were subsequently received and paid to the lender since the lender made payment to the general contractor as per the agreement between PHG and NIIF. The two grants total $258,000 increased PHG's Net Assets by a calculated $118,183. Between July 1, 2025 and December 31, 2025, the five houses were sold with proceeds paid to the lender and the grants funds were accessed and also paid to the lender. The project was fully and officially completed satisfactorially as of April 2026. This follow up information will be submitted in PHG's IRS Form 990 for FY 2025-2026. PHG filed IRS Form 8868 on October 30, 2025 and was granted an extension. For the record, the PHG executive director had just managed rehabilitation of the 5 house project and was in the process of managing the sale of the units that occurred after July 1, 2025. Since he was the only employee of the organization, it seemed reasonable to request the extension of the deadline for submission of the IRS Form 990 for the year ending June 30, 2025.