BALTIMORE AVENUE REDEVELOPMENT CORPORATION

EIN: 232624278 501(c)(3) Community Improvement

PHILADELPHIA, PA

Total Revenue
$174,500
Total Expenses
$242,256
Total Assets
$1,455,096
Net Assets
$1,264,692
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
PA
Principal Officer
BENJAMIN SMALLWOOD
Phone
2154985046
Tax Period
2024-01-01 to 2024-12-31

BALTIMORE AVENUE REDEVELOPMENT CORPORATION, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $174K in total revenue in fiscal year 2024. Expenses of $242K exceeded revenue, resulting in a 39% operating deficit.

Mission

COMMUNITY REVITALIZATION

Program Service Accomplishments

Program 1
Expenses: $230,305 Revenue: $174,500

BARC construced a state of the art medical facility in the distressed area of Baltimore Ave to revitalize the community and to facilitate medical services to the low and moderate inc residents of the...

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BARC construced a state of the art medical facility in the distressed area of Baltimore Ave to revitalize the community and to facilitate medical services to the low and moderate inc residents of the area

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $174,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $174,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $116,763
Fundraising Expenses $0
Program Expenses $230,305
Other Expenses $125,493
TOTAL EXPENSES $242,256

Year-over-Year Comparison

2024 2023 Change
Revenue $174,500 $165,025 +0.1%
Expenses $242,256 $228,758 +0.1%
Net Income $-67,756 $-63,733 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
2

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$80,418
Total Directors
4
$80,418
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Irene E Suggs Acting Chairman 2.00
Officer Director
$0 $0 $0
Benjamin Smallwood President 20.00
Officer Director
$80,418 $0 $80,418
Patrice Patterson Secretary 2.00
Director
$0 $0 $0
William Morton Board Member 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $174,500 $242,256 $1,455,096 $-67,756
2023 $165,025 $228,758 $1,530,468 $-63,733
2022 $162,500 $219,518 $1,606,208 $-57,018
2021 $162,689 $207,888 $1,666,451 $-45,199
2020 $193,063 $217,844 $1,723,266 $-24,781
2019 $184,167 $205,647 $1,755,664 $-21,480
2018 $199,513 $200,724 $1,780,760 $-1,211
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