THE HARBOR BANK OF MARYLAND COMMUNITY DEVELOPMENT CORPORATION

EIN: 260006476 501(c)(3) Community Improvement

BALTIMORE, MD

Total Revenue
$862,389
Total Expenses
$1,082,845
Total Assets
$5,721,804
Net Assets
$1,043,121
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MD
Principal Officer
JOHN LEWIS
Phone
4105281800
Tax Period
2023-01-01 to 2023-12-31

THE HARBOR BANK OF MARYLAND COMMUNITY DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $862K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE HARBOR BANK OF MARYLAND COMMUNITY DEVELOPMENT CORPORATION PROVIDES FINANCING TO MARYLAND COMMUNITY INSTITUTIONS, FAITH BASED ORGANIZATIONS, & SMALL BUSINESSES THAT OTHERWISE MAY HAVE DIFFICULTY OBTAINING FINANCING FOR COMMUNITY DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $675,000
Program Service Revenue $0
Investment Income $145,035
Other Revenue $42,354
TOTAL REVENUE $862,389

Expense Breakdown

Grants Paid $0
Salaries & Benefits $212,997
Fundraising Expenses $31,383
Program Expenses $873,751
Other Expenses $869,848
TOTAL EXPENSES $1,082,845

Year-over-Year Comparison

2023 2022 Change
Revenue $862,389 $389,210 +1.2%
Expenses $1,082,845 $720,159 +0.5%
Net Income $-220,456 $-330,949 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
4
Volunteers
N/A

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
5
$169,045
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERMANO GOMEZ VICE PRESIDE 40.00
Officer
$130,763 $0 $130,763
CHEVELLE HILL OFFICER 40.00
Officer
$30,555 $0 $30,555
JOHN LEWIS EXEC. VICE P 5.00
Officer
$4,650 $0 $4,650
BRIA BAILY OFFICER 40.00
Officer
$3,077 $0 $3,077
JOSEPH HASKINS JR CHAIRMAN AND N/A
Officer Director
$0 $0 $0
ERICH W MARCH DIRECTOR N/A
Director
$0 $0 $0
STACY SMITH DIRECTOR N/A
Director
$0 $0 $0
ALVIN C HATHAWAY SR DIRECTOR N/A
Director
$0 $0 $0
STANLEY W TUCKER DIRECTOR N/A
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 No data No data No data No data
2023 $862,389 $1,082,845 $5,721,804 $-220,456
2022 $389,210 $720,159 $5,828,537 $-330,949
2021 $752,542 $1,041,984 $1,613,507 $-289,442
2020 $1,753,317 $725,381 $2,234,048 $1,027,936
2019 $897,675 $611,601 $1,437,124 $286,074
2019 $385,202 $695,967 $1,341,483 $-310,765
2018 $399,755 $404,845 $1,139,822 $-5,090
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