2025-11-14T14:33:11-05:00 2024-12-31 521399339 HCFL 1954 GREENSPRING DR STE 305 TIMONIUM MD 21093 990 2024-01-01 461134776 BALTIMORE ARTS REALTY CORPORATION BALT 4432752174 2519 NORTH CHARLES STREET BALTIMORE MD 212184602 LEON F PINKETT III EXECUTIVE DIRECTOR 4432752174 2025-11-11 true true DAVID KOHEN GADOL CPA P01988959 4108284446 2025-11-13 2024 2025-03-06 01:10:19Z LEON F PINKETT III 2519 N CHARLES STREET BALTIMORE MD 21218 2074841 false X BALTIMOREARTSREALTY.COM X 2012 MD THE BALTIMORE ARTS REALTY CORPORATION IS A NON-PROFIT, 501(C)(3) CORPORATION, ESTABLISHED IN THE STATE OF MARYLAND, FOR THE PURPOSES OF ACQUIRING, DEVELOPING, MANAGING AND LEASING REAL ESTATE TO SERVE ARTISTS AND SMALL ARTS ORGANIZATIONS IN THE CITY OF BALTIMORE WITH AN EMPHASIS ON OPERATING IN AREAS OF THE CITY THAT ARE ECONOMICALLY MARGINAL OR COMMERCIALLY UNDERVALUED AT THE TIME OF THE ACQUISITION AND DEVELOPMENT OF PROPERTY IN THAT AREA. 9 8 22 8 0 746409 1401659 422014 152286 2621 -315252 -252986 853171 1303580 0 0 575012 654324 0 19811 1045787 1153804 1620799 1808128 -767628 -504548 14733626 15168723 271906 1211551 14461720 13957172 X THE BALTIMORE ARTS REALTY CORPORATION IS A NON-PROFIT, 501(C)(3) CORPORATION, ESTABLISHED IN THE STATE OF MARYLAND, FOR THE PURPOSES OF ACQUIRING, DEVELOPING, MANAGING AND LEASING REAL ESTATE TO SERVE ARTISTS AND SMALL ARTS ORGANIZATIONS IN THE CITY OF BALTIMORE WITH AN EMPHASIS ON OPERATING IN AREAS OF THE CITY THAT ARE ECONOMICALLY MARGINAL OR COMMERCIALLY UNDERVALUED AT THE TIME OF THE ACQUISITION AND DEVELOPMENT OF PROPERTY IN THAT AREA. false false 1322863 152286 DURING 2013, THE ORGANIZATION PURCHASED TWO (2) PROPERTIES FOR FUTURE USE IN ACHIEVING THEIR MISSION TO LEASE SPACE TO BALTIMORE ARTISTS, ARTISANS AND ARTS ORGANIZATIONS AT ANNUAL RENTS SIGNIFICANTLY BELOW COMPARABLE COMMERCIAL RATES. CURRENTLY, THE BUILDINGS ARE SUBSTANTIALLY COMPLETED AND BEING USED. 108532 DURING 2013, THE ORGANIZATION PURCHASED TWO (2) PROPERTIES FOR FUTURE USE IN ACHIEVING THEIR MISSION TO LEASE SPACE TO BALTIMORE ARTISTS, ARTISANS AND ARTS ORGANIZATIONS AT ANNUAL RENTS SIGNIFICANTLY BELOW COMPARABLE COMMERCIAL RATES. CURRENTLY, THE BUILDINGS ARE SUBSTANTIALLY COMPLETED AND BEING USED. 108532 1431395 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false false false false false false false false false false false false false false true true false false false true 24 0 22 true false false false false false false false false false false false false false false X 9 8 false false false false false false false true true false false true true true true false false true false false MD X BALTIMORE ARTS REALTY CORPORATION 4432751144 120 WEST NORTH AVENUE SUITE 201 BALTIMORE MD 21201 LEON F PINKETT III EXECUTIVE DI 35.00 X X 130000 0 0 SONJA CENDAK DIRECTOR 1.00 X 0 0 0 KATHLEEN LANE DIRECTOR 1.00 X 0 0 0 EMILY LERMAN DIRECTOR 1.00 X 0 0 0 SARSFIELD WILLIAMS DIRECTOR 1.00 X 0 0 0 JENNIFER VEY PRESIDENT AN 1.00 X X 0 0 0 JAY REED DIRECTOR 1.00 X 0 0 0 CHRISTOPHER PUDDY DIRECTOR 1.00 X 0 0 0 NINA CASALENA DIRECTOR 1.00 X 0 0 0 130000 1 false false false 135066 1266593 1401659 PRODUCT SALES 455219 99503 99503 CONSULTING SALES 541611 52783 52783 152286 2621 2621 484032 771261 -287229 -287229 -287229 REAL ESTATE TAX REBATE 34243 34243 34243 1303580 -134943 36864 130000 108532 18055 3413 468182 390866 65024 12292 5386 4497 748 141 50756 42374 7049 1333 21524 17592 3932 134806 24639 110167 62947 51120 11827 3644 3644 18656 18656 303360 237317 66016 27 192049 177552 11892 2605 PROJECT 333846 333846 MISCELLANEOUS ADMINISTRAT 42465 10514 31951 TAXES 24453 24453 MISCELLANEOUS FEES 11060 6844 4216 4994 1249 3745 1808128 1431395 356922 19811 534166 1437029 33175 426739 222705 4929 5309 52013 39887 18024523 5363596 13069327 12660927 646452 769691 14733626 15168723 129793 86049 99419 1073365 42694 52137 271906 1211551 X 14461720 13957172 14461720 13957172 14733626 15168723 X -504548 X false true X true false X 1529901 1492609 4433450 746409 1401659 9604028 1529901 1492609 4433450 746409 1401659 9604028 5044346 4559682 550743 632230 677462 658031 486653 3005119 34243 34243 12643390 3842400 0.36060 0.39890 X PART II, LINE 10 REAL ESTATE TAX REBATE 34,243 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 701697 701697 15862271 3903041 11959230 1460555 1460555 12660927 LOAN ISSUANCE COSTS, NET 479748 RESERVE ACCOUNTS 201502 RIGHT TO USE ASSET, NET 37441 ACCRUED RENT RECEIVABLE 36000 DEPOSITS FOR FUTURE PROJECTS 15000 769691 LONG-TERM PORTION OF LEASE LIABILITY 24961 TENANT DEPOSITS HELD 14696 SHORT-TERM PORTION OF LEASELIABILITY 12480 52137 X 2074841 771261 771261 1303580 1303580 2579389 771261 771261 1808128 1808128 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS AS IT RELATES TO ACCOUNTING GUIDANCE FOR UNCERTAIN TAX POSITIONS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2024. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 771,261 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 771,261 FORM 990 - ORGANIZATION'S MISSION THE BALTIMORE ARTS REALTY CORPORATION IS A NON-PROFIT, 501(C)(3) CORPORATION, ESTABLISHED IN THE STATE OF MARYLAND, FOR THE PURPOSES OF ACQUIRING, DEVELOPING, MANAGING AND LEASING REAL ESTATE TO SERVE ARTISTS AND SMALL ARTS ORGANIZATIONS IN THE CITY OF BALTIMORE WITH AN EMPHASIS ON OPERATING IN AREAS OF THE CITY THAT ARE ECONOMICALLY MARGINAL OR COMMERCIALLY UNDERVALUED AT THE TIME OF THE ACQUISITION AND DEVELOPMENT OF PROPERTY IN THAT AREA. FORM 990, PAGE 2, PART III, LINE 4D DURING 2013, THE ORGANIZATION PURCHASED TWO (2) PROPERTIES FOR FUTURE USE IN ACHIEVING THEIR MISSION TO LEASE SPACE TO BALTIMORE ARTISTS, ARTISANS AND ARTS ORGANIZATIONS AT ANNUAL RENTS SIGNIFICANTLY BELOW COMPARABLE COMMERCIAL RATES. CURRENTLY, THE BUILDINGS ARE SUBSTANTIALLY COMPLETED AND BEING USED. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS THE 990 PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION MAILS OUT ANNUALLY A CONFLICT OF INTEREST POLICY WHICH IS TO BE SIGNED AND RETURNED TO THE PRESIDENT. FORM 990, PAGE 6, PART VI, LINE 15A LEON'S COMPENSATION IS REVIEWED AND DECIDED ON BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 MANAGEMENT MAKES THE DOCUMENTS AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9 RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 771,261 RENTAL EXPENSES -771,261 NORTH AVENUE ARTS LLC 2519 NORTH CHARLES STREET BALTIMORE MD 21218 ARTS VENUE MD 957024 5343986 N/A ROBERT W DEUTSCH FOUNDATION INC 2519 NORTH CHARLES STREET BALTIMORE MD 21218 521758252 PRIVATE FO MD 501C3 PF N/A false 1400 GREENMOUNT LLC 2519 NORTH CHARLES STREET BALTIMORE MD 21218 475367730 LEASE/BUIL MD N/A RELATED 238195 -4173777 false false 0.95000 false false true false true false false false false true false false false true true true false false false ROBERT W DEUTSCH FOUNDATION C 821500 ACTUAL DEPOSITS