PEOPLES HOMESTEADING GROUP INC

EIN: 521317246 501(c)(3)

BALTIMORE, MD

Total Revenue
$234,878
Total Expenses
$230,379
Total Assets
$2,735,520
Net Assets
$662,168
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MD
Principal Officer
Michael Mazepink
Phone
4108890071
Tax Period
2024-07-01 to 2025-06-30

PEOPLES HOMESTEADING GROUP INC, founded in 1983, is a small nonprofit that reported $235K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $662K represent 34 months of operating reserves.

Mission

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.

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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 $207,009
Program Service Revenue $0
Investment Income $29
Other Revenue $27,840
TOTAL REVENUE $234,878

Expense Breakdown

Grants Paid $0
Salaries & Benefits $35,732
Fundraising Expenses $0
Program Expenses $230,379
Other Expenses $194,647
TOTAL EXPENSES $230,379

Year-over-Year Comparison

2024 2023 Change
Revenue $234,878 $194,572 +0.2%
Expenses $230,379 $161,517 +0.4%
Net Income $4,499 $33,055 -0.9%
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
3
Independent Members
3
Employees
1
Volunteers
10

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
3
$57,600
Total Directors
3
$0
Key Employees
1
$57,600
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Mazepink Executive Director 40
Officer Key Emp Highest
$28,800 $28,800 $57,600
Grace Willis President 2
Officer Director
$0 $0 $0
Malindi Lankatilleke Vice President 2
Officer Director
$0 $0 $0
Grace Comer Board Director 1
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
2025 $234,878 $230,379 $2,735,520 $4,499
2024 $194,572 $161,517 $1,205,849 $33,055
2023 $193,327 $185,957 $1,288,489 $7,370
2022 $287,224 $278,204 $1,166,099 $9,020
2021 $159,925 $158,818 $1,460,621 $1,107
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