Public Charity

THE HARBOR BANK OF MARYLAND COMMUNITY DEVELOPMENT CORPORATION

THE HARBOR BANK OF MARYLAND COMMUNITY DEVELOPMENT CORPORATION, of BALTIMORE, MD, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $511K in revenue, $1.3M in expenses, $5.0M in total assets. 2 publicly reported grants to this organization, totaling roughly $300K, appear in IRS filings.

EIN: 260006476 BALTIMORE, MD Small Business Development NTEE: S43 Latest filing: 2024
Total Revenue$511K
Total Expenses$1.3M
Total Assets$5.0M
Grant Records2
Funding Total$300K
Filing Years2019–2024

Mission

TO SERVICE AND PROVIDE CAPITAL AND FINANCIAL SERVICES TO RESIDENTS AND GROUPS LIVING AND BUSINESSES OPERATING IN LOW-INCOME COMMUNITIES OF BALTIMORE CITY AND SURROUNDING AREAS BY FURTHERING AND PROMOTING EXCLUSIVELY, CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES.

Where $100 goes at The Harbor Bank of Maryland Community Development Corporation

How The Harbor Bank of Maryland Community Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$72 Programs the work itself
$25 Management running the organization
$3 Fundraising raising the next dollar

Inside the $72 for programs

$71
Housing
98% of program spending
$1
Housing
2% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2023
UNRESTRICTED SUPPORT
$100,000
2020
ADVISED - FOR SUPPORTING SMALL BUSINESS THROUGH MODERNIZING INFRASTRUCTURE FOR REPORTING, EVALUATION, AND LEARNING TO BETTER SUPPORT YOUR LOCAL COMMUNITY.
$200,000

Showing up to 5 of 2 total records — full history available with membership.

Officers & Directors

DIRECTOR Alvin C Hathaway Sr
DIRECTOR Erich W March
VICE PRESIDE Germano Gomez
PRESIDENT AN John Lewis
CHAIRMAN Joseph Haskins Jr
DIRECTOR Stacy Smith

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$200,000 1 grant
General Support
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $511K $1.3M $5.0M
2023 $862K $1.1M $5.7M
2022 $389K $720K $5.8M
2020 $1.8M $725K $2.2M
2019 $385K $696K $1.3M

Between 2019 and 2024, reported annual revenue grew from $385K to $511K (+33%), with total assets most recently reported at $5.0M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE HARBOR BANK OF MARYLAND COMMUNITY DEVELOPMENT CORPORATION

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