MARKET CENTER COMMUNITY DEVELOPMENT CORPORATION

EIN: 823685980 501(c)(3) Community Improvement

BALTIMORE, MD

Total Revenue
$1,298,469
Total Expenses
$1,279,131
Total Assets
$66,518
Net Assets
$59,173
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MD
Principal Officer
Wendy Blair
Phone
4102581864
Tax Period
2024-07-01 to 2025-06-30

MARKET CENTER COMMUNITY DEVELOPMENT CORPORATION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 1041% from the prior year, signaling strong growth momentum.

Mission

Make investments to Market Center to catalyze a healthy dynamic and diverse community; Encourage and advocate for equitable community development and operate as a leading partner to galvanize the renaissance of Baltimores historic core.

Program Service Accomplishments

Program 1
Expenses: $619,558 Revenue: $2,958

Baltimore Regional Neighborhoods Initiative - A State of Maryland grant program that provides capital dollars for real estate development projects.

Program 2
Expenses: $560,562 Revenue: $0

State of Maryland Bond Funds for capital dollars for real estate development.

Program 3
Expenses: $41,636 Revenue: $41,636

State of Maryland Business District Improvement Grant - $100,000 was allocated in the previous year for community improvement such as lighting and community events such as street fairs.

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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 $1,217,220
Program Service Revenue $81,249
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,298,469

Expense Breakdown

Grants Paid $1,254,860
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,279,131
Other Expenses $24,271
TOTAL EXPENSES $1,279,131

Year-over-Year Comparison

2024 2023 Change
Revenue $1,298,469 $113,792 +10.4%
Expenses $1,279,131 N/A N/A
Net Income $19,338 $113,792 -0.8%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
12

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wendy Blair Board President 10.00
Officer
$0 $0 $0
Amsale Geletu Director 2.00
Director
$0 $0 $0
Angela Winder Secretary 10.00
Officer
$0 $0 $0
Bruce Panzcer Vice President 4.00
Officer
$0 $0 $0
Eva Hodsdon Director 2.00
Director
$0 $0 $0
Jenny Kessler Director 4.00
Director
$0 $0 $0
Jamal McCord Director 2.00
Director
$0 $0 $0
Mary Morris Director 4.00
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 $1,298,469 $1,279,131 $66,518 $19,338
2023 $789,735 $706,500 $97,554 $83,235
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