Harbor Bank Of Maryland Community Development Corporation in Baltimore, Maryland (MD)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Harbor Bank Of Maryland Community Development Corporation | |
| Employer Identification Number (EIN) | 260006476 |
| Name of Organization | Harbor Bank Of Maryland Community Development Corporation |
| In Care of Name | SARA DOPKIN |
| Address | 25 West Fayette Street, Baltimore, MD 21201 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2010 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $157,325 |
| Amount of Income | $495 |
| Form 990 Revenue Amount | $495 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs |
Non-representatives - add comments:
Amount of income in 2010: $495 (it was $1,350 in 2012)
| Harbor Bank Of Maryland Community Development Corporation: | $495 |
| Other organizations performing similar types of work: | $127,010 |
Assets in 2010: $157,325 (it was $159,236 in 2012)
| Harbor Bank Of Maryland Community Development Corporation: | $157,325 |
| Other organizations performing similar types of work: | $83,317 |
Expenses in 2012: $1,888
| Harbor Bank Of Maryland Community Development Corporation: | $1,888 |
| Other organizations performing similar types of work: | $154,560 |
Income to expenses ratio in 2012: 0.3
| Harbor Bank Of Maryland Community Development Corporation: | 0.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Harbor Bank Of Maryland Community Development Corporation: | 0.0% |
| Other organizations performing similar types of work: | 40.6% |
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,350 | $675 | $1,350 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $675 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $675 | |||
| Total expenses and disbursements | $1,888 | $113 | $0 | $1,775 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,888 | $113 | $1,775 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-538 | |||
| Net investment income | $562 | |||
| Adjusted net income | $1,350 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $159,236 | $159,236 |
| Cash - non-interest-bearing | $104,116 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $55,120 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $159,236 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $6 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $6 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | Yes |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $117,942 |
| Net value of noncharitable-use assets | $116,180 |
| Minimum investment return | $5,809 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,803 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,803 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Craft3 Investment I Llc | PO BOX 826, Ilwaco, WA 98624-0826 | WA | 1995-07 | $18,154,406 |
| 2 | Coalition To Save Downtown Baltimore Inc | 100 N Charles St Ste 1730, Baltimore, MD 21201-3818 | MD | 2011-09 | $790,000 |
| 3 | Us Hispanic Youth Entrepreneurship & Education Foundation | 601 Alluvion St, Baltimore, MD 21230-2035 | MD | 2006-10 | $225,156 |
| 4 | Montgomery County Bankers Small Business Loan Fund Inc | 99 Maryland Ave, Rockville, MD 20850-2330 | MD | 1996-03 | $194,228 |
| 5 | Hispanic Business Foundation Of Maryland Inc | 4833 Rugby Ave Ste 500, Bethesda, MD 20814-3910 | MD | 2001-04 | $92,895 |
| 6 | Smart Business Conference Inc, Church Compliance Conference | 9433 Common Brook Road Suite 208, Owings Mills, MD 21117 | MD | 2004-04 | $60,198 |
| 7 | Helping Hand For Your Business Foundation Inc | 11512 Marjorie Dr, Bowie, MD 20721-2230 | MD | 2010-11 | $42,925 |
| 8 | Womens Art Business Center Inc | 938 Swan Creek Rd E Ste 138, Ft Washington, MD 20744-5250 | MD | 2001-12 | $2,900 |
| 9 | Harbor Bank Of Maryland Community Development Corporation | 25 West Fayette Street, Baltimore, MD 21201 | MD | 2004-06 | $495 |
| 10 | Africa Society International | 14831 Cemetery Road, Cooksville, MD 21723 | MD | 2002-06 | $0 |
| 11 | Baltimore American Nephrology Nurses Association | 301 Lockhart Court, Havre De Grace, MD 21078-4135 | MD | 2011-11 | $0 |
| 12 | Blessed 24 7 Foundation Inc | 12138 Central Avenue Suite 670, Bowie, MD 20721 | MD | 2009-02 | $0 |
| 13 | Business Opportunity Network Inc | 2543 Old Kays Mill Road, Finksburg, MD 21048-2047 | MD | 2012-08 | $0 |
| 14 | Christcorp | 9223 Spring Acres Rd, Clinton, MD 20735-3082 | MD | 2007-02 | $0 |
| 15 | La Plata Town Centre Corporation | PO BOX 2268, La Plata, MD 20646-2268 | MD | 2014-08 | $0 |
| 16 | Maryland Community And Small Business Association | 1915 Belmont Terrace, Gwynn Oak, MD 21207 | MD | 2012-01 | $0 |
| 17 | Merge Business Development Systemsinc | 516 Grays Creek Rd Ste L, Pasadena, MD 21122-5510 | MD | 2007-01 | $0 |
| 18 | National Association Of Purchasing Management-Delmarva Inc, Napm-Delmarva Inc | 5950 Rockawalkin Rd, Salisbuty, MD 21801-2250 | MD | 1993-09 | $0 |
| 19 | Practical Living Institute | Po Box 1110, Lanham, MD 20703 | MD | 1999-05 | $0 |
| 20 | Summit Development Corp Inc | 1 Park Lane, Frostburg, MD 21532 | MD | 2014-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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