Gaithersburg Beloved Community Init

EIN: 854081260 501(c)(3) Youth Development

Gaithersburg, MD

Total Revenue
$359,397
Total Expenses
$374,448
Total Assets
$756,973
Net Assets
$741,789
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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
2021
Legal Domicile
MD
Tax Period
2024-07-01 to 2025-06-30

Gaithersburg Beloved Community Init, founded in 2021, is a small nonprofit in the Youth Development sector that reported $359K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $742K represent 25 months of operating reserves.

Mission

To forge intergenerational relationships and community partnerships that promote social justice and help build resilience in and improve the lives of children, youth, families, and older adults.

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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 $335,405
Program Service Revenue $0
Investment Income $23,992
Other Revenue $0
TOTAL REVENUE $359,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $293,212
Fundraising Expenses $0
Program Expenses $268,020
Other Expenses $81,236
TOTAL EXPENSES $374,448

Year-over-Year Comparison

2024 2023 Change
Revenue $359,397 $511,100 -0.3%
Expenses $374,448 $248,786 +0.5%
Net Income $-15,051 $262,314 -1.1%
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
16
Independent Members
15
Employees
3
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
$0
Total Directors
10
$0
Key Employees
1
$100,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rebecca Cole Executive Director 40.00
Key Emp
$100,000 $0 $100,000
Hal Garman Organizational Founder 20.00
Director
$0 $0 $0
Rollie Smith Board Member 12.00
Director
$0 $0 $0
Frank Lostumbo Board Member 12.00
Director
$0 $0 $0
Carol Tyson Board Member 3.00
Director
$0 $0 $0
Malcom Frazier Board Member 2.00
Director
$0 $0 $0
Barbara Brennan Board Member 3.00
Director
$0 $0 $0
Djamila Bah Board Member 3.00
Director
$0 $0 $0
Ruth Samorajczyk Board Member 3.00
Director
$0 $0 $0
Marvin Jovel Board Member 3.00
Director
$0 $0 $0
Giankarlo Vera Board Member 3.00
Director
$0 $0 $0
Spence Limbocker Chairman of the Board 20.00
Officer
$0 $0 $0
John Hatch Vice Board Chairman 5.00
Officer
$0 $0 $0
Jack Hauber Secretary 5.00
Officer
$0 $0 $0
John Jordan Treasurer 10.00
Officer
$0 $0 $0
Marvin Lynch Vice Chair 3.00
Officer
$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 $359,397 $374,448 $756,973 $-15,051
2024 $501,590 $248,459 $759,573 $253,131
2023 $305,062 $193,508 $508,388 $111,554
2022 $281,338 $117,411 $379,853 $163,927
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