PARITY BALTIMORE INCORPORATED

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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

2020

Legal Domicile

Principal Officer

BREE JONES

Phone

4432056955

Tax Period

2023-07-01 to 2024-06-30

PARITY BALTIMORE INCORPORATED, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 10% surplus.

Mission

PARITY ACQUIRES AND RENOVATES ABANDONED PROPERTIES TO CREATE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, AND PROVIDES ANTIDISPLACEMENT SERVICES TO LEGACY RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,078,496 Revenue: $45,447

GENERAL PROGRAM: THE ORGANIZATION ACQUIRES AND REHABILITATES ABANDONED PROPERTIES BY BLOCK TO CREATE AFFORDABLE HOME OWNERSHIP OPPORTUNITIES.

Program 2

Expenses: $424,189

SOS FUND: THE SOS FUND IS A JOINT VENTURE WITH PARITY BALTIMORE AND FLIGHT BLIGHT BMORE TO ASSIST EXISTING HOMEOWNERS IN BALTIMORE CITY WITH ADDRESSING FINANCIAL DIFFICULTIES AND CHALLENGES THROUGH THE ENGAGEMENT OF LEGAL COUNSEL AND OTHER RESOURCES TO MAINTAIN THEIR HOMEOWNERSHIP AND PREVENT FORECLOSURE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,904,832

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,054,081

TOTAL REVENUE $1,850,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $646,419

Fundraising Expenses $20,522

Program Expenses $1,502,685

Other Expenses $1,015,780

TOTAL EXPENSES $1,662,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,850,751	$1,616,053	+0.1%
Expenses	$1,662,199	$886,772	+0.9%
Net Income	$188,552	$729,281	-0.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$72,584

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRICKET WOLLOSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
NIKKIA FITCH	TREASURER	4.00	Officer Director	$0	$0	$0
THURGOOD COSBY	SECRETARY	1.00	Officer Director	$0	$0	$0
DEKONTI MENDS-COLE	DIRECTOR	1.00	Director	$0	$0	$0
JIM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BREEANA JONES	CEO	40.00	Officer	$65,000	$7,584	$72,584

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	$1,850,751	$1,662,199	$4,969,768	$188,552
2023	$1,616,053	$886,772	$3,983,509	$729,281
2022	$1,878,510	$310,291	$1,922,724	$1,568,219
2021	$236,651	$18,611	$358,140	$218,040