Program areas at Baltimore Community Lending
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.
The small business devision 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.
Who funds Baltimore Community Lending
Grants from foundations and other nonprofits
Personnel at Baltimore Community Lending
| Name | Title | Compensation | Date of data |
|---|
| Patricia Clements | Major Gifts Cultivator | | 2023-09-18 |
| Watchen Harris Bruce | President and Chief Executive Officer | $148,479 | 2024-02-06 |
| Clarence Snuggs | Senior Vice President and Chief Operating Officer | $131,312 | 2023-09-18 |
| Susan Kelly | Chief Financial Officer | | 2023-09-18 |
| Bonnie Crockett | Vice President and Director of the Small Business Lending Division | | 2023-09-18 |
| ...and 16 more key personnel |
Financials for Baltimore Community Lending
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,390,536 | $3,471,236 | -31.1% |
| Program services | $2,392,998 | $1,587,538 | 50.7% |
| Investment income and dividends | $81,849 | $15,967 | 412.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $-97,622 | -100% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $4,865,383 | $4,977,119 | -2.2% |
Organizations like Baltimore Community Lending
| Organization | Type | Location | Revenue |
|---|
| Village Capital Corporation | 501(c)(3) | Cleveland, OH | $2,325,742 |
| Community Loan Fund of New Jersey | 501(c)(3) | New Brunswick, NJ | $18,328,900 |
| Cinnaire Lending Corporation | 501(c)(3) | Lansing, MI | $12,692,635 |
| Locus Impact Fund | 501(c)(3) | Christiansburg, VA | $9,556,651 |
| Florida Community Loan Fund (FCLF) | 501(c)(3) | Orlando, FL | $9,380,993 |
| Landmarks Community Capital Corporation | 501(c)(3) | Pittsburgh, PA | $2,614,691 |
| Washington Area Community Investment Fund | 501(c)(3) | Washington, DC | $9,086,978 |
| I2e | 501(c)(3) | Oklahoma City, OK | $9,581,488 |
| Ohio Community Development Finance Fund | 501(c)(3) | Columbus, OH | $9,454,085 |
| Mountain Association | 501(c)(3) | Berea, KY | $6,043,653 |
Data update history
December 26, 2023
Received grants
Identified 2 new grant, including a grant for $600,000 from Truist Foundation September 18, 2023
Updated personnel
Identified 2 new personnel
September 5, 2023
Updated personnel
Identified 3 new personnel
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
- Address
- 875 Hollins St
- Baltimore, MD 21201
- Metro area
- Baltimore-Columbia-Towson, MD
- County
- Baltimore City, MD
- Website URL
- bclending.org/Â
- Phone
- (410) 727-8590
IRS details
- EIN
- 52-1632468
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1989
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
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