Nonprofit · EIN 52-1744007
CITY OF BALTIMORE DEVELOPMENT CORPORATION
Tax-exempt · BALTIMORE, MD 21201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,531,909 | $9,467,751 | $1,064,158 | $34,849,876 | $51,466,196 | -$16,616,320 |
| June 30, 2024 | 990 | $2,618,286 | $9,915,996 | -$7,297,710 | $30,646,132 | $48,326,610 | -$17,680,478 |
| June 30, 2023 | 990 | $6,026,374 | $11,490,233 | -$5,463,859 | $29,043,367 | $39,426,135 | -$10,382,768 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,388,022
- of which government grants
- $8,143,221
- Program service revenue
- $986,278
- Investment income
- $249,927
- Other revenue
- $907,682
Expenses
- Grants and similar amounts paid
- $1,330,222
- Compensation of officers, directors and key employees
- $1,221,906
- Other salaries and wages
- $4,022,852
- Salaries, compensation and benefits (total)
- $5,244,758
- Professional fundraising fees
- $0
- Legal fees
- $131,392
- Occupancy
- $524,299
- Travel
- $63,804
- Depreciation
- $38,264
- Program services (functional)
- $7,618,581
- Management and general (functional)
- $1,849,170
Balance sheet and other
- Total assets, start of year
- $30,646,132
- Total assets, end of year
- $34,849,876
- Total liabilities, end of year
- $51,466,196
- Net assets, end of year
- -$16,616,320
- Land, buildings and equipment
- $57,396
- Net assets without donor restrictions
- -$16,726,371
- Net assets with donor restrictions
- $110,051
- Gross receipts
- $10,531,909
- Employees
- 55
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| COLIN TALBERT | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $267,017 | $50,041 |
| KIMBERLY CLARK | EXECUITVE VP/SECRETARY Officer | 37.5 | $227,807 | $31,734 |
| JEFFREY PILLAS | CHIEF FINANCIAL OFFICER Officer | 37.5 | $167,990 | $28,589 |
| DANIEL TAYLOR | MANAGING DIRECTOR - BUSINESS & NEIGHBORHOOD DEVEL Officer | 37.5 | $149,328 | $33,028 |
| CHAVEL DIXON | CONTROLLER/TREASURER Officer | 37.5 | $150,023 | $14,281 |
| LARISA SALAMACHA | MANAGING DIRECTOR - STRATEGY, RESEARCH, & ANALYTIC Officer | 37.5 | $131,976 | $25,587 |
| AUGIE CHIASERA | CHAIR Trustee or director | 1 | $0 | $0 |
| JEFFREY HARGRAVE | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| ARNOLD WILLIAMS CPA | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| ELDA DEVARIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY FRALEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIRIAM FUCHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALICE KENNEDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARIM KHOUZAMI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MOCKSTEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHELONDA STOKES | DIRECTOR Trustee or director | 1 | $0 |
| DR MOHAN SUNTHA | DIRECTOR Trustee or director | 1 | $0 |
| PAUL TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL WALTON | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA WELLS-SIMS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| COLIN TARBERT | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $250,131 | $37,228 |
| KIMBERLY CLARK | EXECUTIVE VP/SECRETARY Officer | 37.5 | $209,481 | $30,158 |
| NANCY JORDAN-HOWARD | CHIEF OPERATING OFFICER Officer | 37.5 | $206,750 | $17,028 |
| JEFFREY PILLAS | CHIEF FINANCIAL OFFICER Officer | 37.5 | $164,431 | $29,803 |
| DAN TAYLOR | MANAGING DIRECTOR - BUSINESS & NEIGHBORHOOD DEVE Highest-paid employee | 37.5 | $131,087 | $29,581 |
| LARYSA SALAMACHA | MANAGING DIRECTOR - STRATEGY, RESEARCH & ANALYTICS Highest-paid employee | 37.5 | $120,057 | $23,272 |
| CHAVEL DIXON | CONTROLLER/TREASURER Officer | 37.5 | $107,101 | $12,842 |
| AUGIE CHIASERA | CHAIR Trustee or director | 1 | $0 | $0 |
| JEFFREY HARGRAVE | VICE-CHAIR Trustee or director | 1 | $0 | $0 |
| ARNOLD WILLIAMS CPA | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| ELDA DEVARIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY FRALEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIRIAM FUCHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALICE KENNEDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARIM KHOUZAMI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MOCKSTEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA WELLS-SIMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELONDA STOKES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MOHAN SUNTHA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL E TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WALTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| COLIN TARBERT | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $239,261 | $33,560 |
| KIMBERLY CLARK | EXECUTIVE VP Officer | 37.5 | $204,333 | $28,555 |
| JEFFREY PILLAS | CFO Officer | 37.5 | $160,661 | $29,141 |
| DANIEL A TAYLOR | DIRECTOR NEIGHBORHOOD DEVELOPMENT Highest-paid employee | 37.5 | $130,237 | $24,615 |
| NANCY JORDAN HOWARD | COO Officer | 37.5 | $127,429 | $22,879 |
| LARISSA SALAMACHA | DIRECTOR BUSINESS DEVELOPMENT Highest-paid employee | 37.5 | $117,219 | $21,562 |
| DEBORAH TILLET | DIRECTOR OF TECHNOLOGY Highest-paid employee | 37.5 | $114,873 | $17,819 |
| AUGIE CHIASERA | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| ARNOLD WILLIAMS CPA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALICE KENNEDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELDA DEVARIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY FRALEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIRIAM FUCHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY HARGRAVE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARIM KHOUZAMI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MOISEYEV | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELONDA STOKES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOHAN SUNTHA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WALTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA WELLS-SIMMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 36 S CHARLES ST STE 2100, BALTIMORE, MD 21201-3106
- Principal officer (990 for 2024)
- COLIN TALBERT, 36 S CHARLES STREET 2100, BALTIMORE, MD 21201
- Signed the 990
- KEVIN SEAWRIGHT, EXECUTIVE VICE PRESIDENT & CFO
- Phone
- (410) 837-9305
- Return prepared by
- SB & COMPANY LLC
Mission
THE BALTIMORE DEVELOPMENT CORPORATION (BDC) IS A NON-PROFIT ORGANIZATION THAT SERVES AS THE ECONOMIC DEVELOPMENT AGENCY FOR THE CITY OF BALTIMORE. BDC'S MISSION IS TO GROW THE CITY'S ECONOMY IN AN INCLUSIVE, EQUITABLE MANNER BY RETAINING, EXPANDING, AND ATTRACTING BUSINESSES, AND BY PROMOTING STRATEGIC INVESTMENT THAT INCREASES CAREER AND WEALTH-BUILDING OPPORTUNITIES FOR RESIDENTS.
Program accomplishments
- MADE IN BALTIMORE: A RETAIL PROGRAM FOR LOCALLY MADE PRODUCTS.Expenses $310,140 · revenue $239,605
- LOAN PROGRAMSExpenses $44,976 · revenue $746,673
- SITE DEVELOPMENT COST, SITE ACQUISTION, CONSULTANTS, ENGINEERING, CONSTRIUCTION, AND OPERATION DEVELOPMENT OF AREAS OWNED BY AND/OR LOCATED IN BALTIMORE, MDExpenses $7,263,465 · grants $1,330,222
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1744007
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $34,849,876
- Income (IRS master file)
- $10,531,909
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,531,909 | $9,467,751 | $34,849,876 | IRS |
| 990 | June 2024 | $2,618,286 | $9,915,996 | $30,646,132 | IRS |
| 990 | June 2023 | $6,026,374 | $11,490,233 | $29,043,367 | XML |
| 990 | June 2022 | $7,592,660 | $9,959,023 | $34,390,220 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1744007).
Questions about CITY OF BALTIMORE DEVELOPMENT CORPORATION
- What is the EIN of CITY OF BALTIMORE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CITY OF BALTIMORE DEVELOPMENT CORPORATION is 52-1744007.
- Is CITY OF BALTIMORE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to CITY OF BALTIMORE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CITY OF BALTIMORE DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CITY OF BALTIMORE DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITY OF BALTIMORE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CITY OF BALTIMORE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names COLIN TALBERT.
- Who are the officers and directors of CITY OF BALTIMORE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 6 received compensation from the organization, the highest $267,017 (COLIN TALBERT, PRESIDENT & CEO).
- How much revenue does CITY OF BALTIMORE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,531,909, expenses of $9,467,751 and total assets of $34,849,876 at year end.
Other nonprofits in BALTIMORE
- KENNEDY KRIEGER EDUCATION AND COMMUNITY SERVICES INC EIN 52-1753040 · last filed 990 for 2025
- MADISON STREET PROPERTIES INC EIN 52-1949813 · last filed 990 for 2025
- 4MYCITY INC EIN 84-2908913 · last filed 990 for 2025
- REBUILD METRO INC EIN 23-2671667 · last filed 990 for 2024
- WATERFRONT PARTNERSHIP OF BALTIMORE INC EIN 20-3682821 · last filed 990 for 2025
- BALTIMORE COMMUNITY LENDING INC EIN 52-1632468 · last filed 990 for 2025
- NEIGHBORHOOD IMPACT INVESTMENT FUND INC EIN 83-2643429 · last filed 990 for 2025
- PARK HEIGHTS RENAISSANCE EIN 77-0673126 · last filed 990 for 2025
All nonprofits in BALTIMORE · Maryland · Community improvement and capacity building