CITY OF BALTIMORE DEVELOPMENT CORPORATIO

EIN: 521744007 501(c)(3) Community Improvement

BALTIMORE, MD

Total Revenue
$2,618,286
Total Expenses
$9,915,996
Total Assets
$30,646,132
Net Assets
$-17,680,478
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MD
Principal Officer
COLIN TARBERT
Phone
4108379305
Tax Period
2023-07-01 to 2024-06-30

CITY OF BALTIMORE DEVELOPMENT CORPORATIO, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $9.9M exceeded revenue, resulting in a 279% operating deficit.

Mission

THE CITY OF BALTIMORE DEVELOPMENT CORPORATION (BDC) IS CONTRACTED WITH THE CITY OF BALTIMORE TO PROVIDE ECONOMIC DEVELOPMENT SERVICES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $375,201
Program Service Revenue $1,290,138
Investment Income $952,947
Other Revenue $0
TOTAL REVENUE $2,618,286

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,501,922
Fundraising Expenses $0
Program Expenses $8,038,978
Other Expenses $8,414,074
TOTAL EXPENSES $9,915,996

Year-over-Year Comparison

2023 2022 Change
Revenue $2,618,286 $7,592,660 -0.7%
Expenses $9,915,996 $9,959,023 0.0%
Net Income $-7,297,710 $-2,366,363 +2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
15
Employees
53
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
$1,064,953
Total Directors
16
$287,359
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLIN TARBERT PRESIDENT & CEO 37.50
Officer Director
$250,131 $37,228 $287,359
KIMBERLY CLARK EXECUTIVE VP/SECRETARY 37.50
Officer
$209,481 $30,158 $239,639
NANCY JORDAN-HOWARD CHIEF OPERATING OFFICER 37.50
Officer
$206,750 $17,028 $223,778
JEFFREY PILLAS CHIEF FINANCIAL OFFICER 37.50
Officer
$164,431 $29,803 $194,234
CHAVEL DIXON CONTROLLER/TREASURER 37.50
Officer
$107,101 $12,842 $119,943
DAN TAYLOR MANAGING DIRECTOR - BUSINESS & NEIGHBORHOOD DEVE 37.50
Highest
$131,087 $29,581 $160,668
LARYSA SALAMACHA MANAGING DIRECTOR - STRATEGY, RESEARCH & ANALYTICS 37.50
Highest
$120,057 $23,272 $143,329
AUGIE CHIASERA CHAIR 1.00
Director
$0 $0 $0
JEFFREY HARGRAVE VICE-CHAIR 1.00
Director
$0 $0 $0
ARNOLD WILLIAMS CPA IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
ELDA DEVARIE DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY FRALEY DIRECTOR 1.00
Director
$0 $0 $0
MIRIAM FUCHS DIRECTOR 1.00
Director
$0 $0 $0
ALICE KENNEDY DIRECTOR 1.00
Director
$0 $0 $0
CARIM KHOUZAMI DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MOCKSTEN DIRECTOR 1.00
Director
$0 $0 $0
ANGELA WELLS-SIMS DIRECTOR 1.00
Director
$0 $0 $0
SHELONDA STOKES DIRECTOR 1.00
Director
$0 $0 $0
DR MOHAN SUNTHA DIRECTOR 1.00
Director
$0 $0 $0
PAUL E TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL WALTON DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN WILLIAMS DIRECTOR 1.00
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
2025 No data No data No data No data
2024 $2,618,286 $9,915,996 $30,646,132 $-7,297,710
2023 $6,026,374 $11,490,233 $29,043,367 $-5,463,859
2022 $7,592,660 $9,959,023 $34,390,220 $-2,366,363
2021 $13,864,142 $25,519,602 $22,115,045 $-11,655,460
2020 $9,152,119 $11,168,406 $31,908,066 $-2,016,287
2019 $9,876,305 $9,422,765 $26,936,434 $453,540
2018 $14,655,514 $14,123,983 $28,685,288 $531,531
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CITY OF BALTIMORE DEVELOPMENT CORPORATIO with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.