2025-06-17T11:02:59-05:00 2024-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2023-07-01 850771143 PARITY BALTIMORE INCORPORATED PARI 4432056955 640 N CARROLLTON AVENUE BALTIMORE MD 21217 BREE JONES CHIEF EXECUTIVE OFFICER 4432056955 2025-06-16 1 0 BRIANA M MCDANIEL CPA P01420260 4103565900 2023 2025-03-06 01:10:19Z X BREE JONES 640 N CARROLLTON AVENUE BALTIMORE MD 21217 3931584 0 X PARITYHOMES.COM X 2020 MD PARITY ACQUIRES AND RENOVATES ABANDONED PROPERTIES TO CREATE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, AND PROVIDES ANTIDISPLACEMENT SERVICES TO LEGACY RESIDENTS. 5 5 10 5 0 0 1616053 2904832 0 0 0 0 0 -1054081 1616053 1850751 0 0 0 0 634940 646419 0 0 20522 251832 1015780 886772 1662199 729281 188552 3983509 4969768 140000 540478 3843509 4429290 PARITY ACQUIRES AND RENOVATES ABANDONED PROPERTIES TO CREATE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, AND PROVIDES ANTIDISPLACEMENT SERVICES TO LEGACY RESIDENTS. 0 0 1078496 45447 GENERAL PROGRAM: THE ORGANIZATION ACQUIRES AND REHABILITATES ABANDONED PROPERTIES BY BLOCK TO CREATE AFFORDABLE HOME OWNERSHIP OPPORTUNITIES. 424189 SOS FUND: THE SOS FUND IS A JOINT VENTURE WITH PARITY BALTIMORE AND FLIGHT BLIGHT BMORE TO ASSIST EXISTING HOMEOWNERS IN BALTIMORE CITY WITH ADDRESSING FINANCIAL DIFFICULTIES AND CHALLENGES THROUGH THE ENGAGEMENT OF LEGAL COUNSEL AND OTHER RESOURCES TO MAINTAIN THEIR HOMEOWNERSHIP AND PREVENT FORECLOSURE. 1502685 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 5 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X X EASY OFFICE DBA JITASA 2082874777 1120 S RACKHAM WAY SUITE 300 MERIDIA N ID 83642 CRICKET WOLLOSON PRESIDENT 2.00 X X 0 0 0 NIKKIA FITCH TREASURER 4.00 X X 0 0 0 THURGOOD COSBY SECRETARY 1.00 X X 0 0 0 DEKONTI MENDS-COLE DIRECTOR 1.00 X 0 0 0 JIM SMITH DIRECTOR 1.00 X 0 0 0 BREEANA JONES CEO 40.00 X 65000 0 7584 65000 0 7584 0 0 0 0 PRIDE GENERAL REMODELING SOLUTIONS LLC 907 LUTZ AVE BALTIMORE MD 21221 GENERAL CONTRACTOR SERVICES 183175 1 520000 2384832 2904832 981305 2080833 -1099528 -1099528 MISCELLANOUS REVENUE 900099 45447 45447 45447 1850751 -1054081 0 0 X 104570 97145 4125 3300 426228 387868 21311 17049 14493 14493 58039 58039 43089 43089 7130 7130 31120 31120 879310 876372 2765 173 2464 2464 20095 14692 5403 472 472 22930 22930 7612 7612 DUES AND SUBSCRIPTIONS 34753 34753 MISCELLEANOUS EXPENSES 6182 893 5289 TAXES & LICENSES FEE 3212 3212 REPAIRS & MAINTENANCE 500 500 1662199 1502685 138992 20522 273064 621452 666666 524180 2414 13967 3041365 3810169 3983509 4969768 253450 140000 201951 0 85077 140000 540478 X 3843509 4103040 326250 3843509 4429290 3983509 4969768 X 188552 397229 0 X X 0 1 X 1 0 X 136650 1878506 1616053 2904832 6536041 136650 1878506 1616053 2904832 6536041 535036 6001005 1 4 5 45447 45447 6581493 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PROPERTY HELD FOR DEVELOPMENT 1205923 NOTES RECEIVABLE 180000 CONSTRUCTION IN PROGRESS 1894750 TAX CERTIFICATES 529496 3810169 SOS LIABILITY 85077 85077 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND COMPARABLE STATE LAW, AND CONTRIBUTIONS TO IT ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE IRC. THE ORGANIZATION IS NOT REQUIRED TO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE BUT FILES AN INFORMATION RETURN, FORM 990. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED IN DETAIL BY THE FINANCE COMMITTEE. AFTER THEY REVIEW IT, IT'S BEEN DISTRIBUTED TO OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD PRESIDENT ANNUALLY SENDS A CONFLICT OF INTEREST FORM TO THE BOARD TO DECLARE ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD FORMED A COMPENSATION COMMITTEE AND REVIEWED COMPARABLE DATA FOR SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF ORGANIZING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM ANY BOARD MEMBER OR THE CEO, AND VIA GUIDESTAR AND IRS.GOV WEBSITES. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 155,084. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,084. GENERAL CONTRACTORS: PROGRAM SERVICE EXPENSES 718,585. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 718,585. OTHER FEES: PROGRAM SERVICE EXPENSES 2,703. MANAGEMENT AND GENERAL EXPENSES 2,765. FUNDRAISING EXPENSES 173. TOTAL EXPENSES 5,641. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. FORM 990, PART XI, LINE 8: THERE IS AN ADJUSTMENT TO PRIOR YEAR ENDING FUND BALANCE OF $397,229 DUE TO THE ORGANIZATION HAVING AN AUDIT DONE AFTER THE PRIOR 990 WAS ALREADY FILED. PBI HOLDINGS LLC 640 N CARROLLTON AVENUE BALTIMORE MD 21217 863375660 TO HOLD THE REAL ASSETS OF PBI MD 10472 4119275 PARITY BALTIMORE INCORPORATED PBIH I LLC 640 N CARROLLTON AVENUE BALTIMORE MD 21217 TO HOLD INDIVIDUAL REAL ASSETS MD PBI HOLDINGS LLC PBIH II LLC 640 N CARROLLTON AVENUE BALTIMORE MD 21217 TO HOLD INDIVIDUAL REAL ASSETS MD PBI HOLDINGS LLC PBIH III LLC 640 N CARROLLTON AVENUE BALTIMORE MD 21217 TO HOLD INDIVIDUAL REAL ASSETS MD PBI HOLDINGS LLC PBIH IV LLC 640 N CARROLLTON AVENUE BALTIMORE MD 21217 TO HOLD INDIVIDUAL REAL ASSETS MD PBI HOLDINGS LLC 640 N CARROLLTON LLC 640 N CARROLLTON AVENUE BALTIMORE MD 21217 TO HOLD INDIVIDUAL REAL ASSETS, OWN AND OPERATE A COMMUNITY RETAIL SPACE MD PBI HOLDINGS LLC THE FORM 990 IS BEING LATE DUE TO UNFORSEEN CIRCUMSTANCES BEYOND THE ORGANIZATION. THE ORGANIZATION HAS ENGAGED AN CPA FIRM TO UNGERGO FIRST INDEPENDENT FINANCIAL AUDIT, WHICH INCLUDED A REVIEW OF FINANCIAL STATEMENTS FOR THE PRIOR THREE FISCAL YEARS, INCLUDING THE CURRENT TAX YEAR. THIS WAS A SUBSTANTIAL UNDERTAKING THAT HAS REQUIRED CONSIDERABLE TIME AND RESOURCES, ESPECIALLY AS THIS WAS ITS FIRST TIME PREPARING FOR AN AUDIT OF THIS SCOPE.THE ORGANIZATION, IN ACTED IN GOOD FAITH AND TOOK PROMPT STEPS TO COMPLY WITH IRS REQUIREMENT BY FILING FOR AN EXTENSION FOR THE CURRENT YEAR FORM 990. IT ALSO WORKED DILIGENTLY AND ENSURED THAT ITS FORM 990 IS ACCURATE AND ALIGNS WITH AUDITED FINANCIAL STATEMENTS.DUE TO THE COMPLEXITY AND FIRST-TIME NATURE OF THIS MULTI-YEAR AUDIT, THE FINALIZATION OF THE FINANCIAL STATEMENTS HAS TAKEN LONGER THAN ANTICIPATED. ONCE THE AUDIT WAS COMPLETED, THE ORGANIZATION IMMEDIATELY FILED ITS FORM 990 RETURN.THE ORGANIZATION IS RESPECTFULLY REQUESTING THAT ANY POTENTIAL LATE FILING PENALTIES BE WAIVED UNDER THE REASONABLE CAUSE PROVISIONS OF THE INTERNAL REVENUE CODE. ITS DELAY IN FILING IS NOT DUE TO WILLFUL NEGLECT, BUT RATHER TO THE UNFORESEEN DELAYS INVOLVED IN COMPLETING ITS INITIAL AUDIT PROCESS PROPERLY AND ACCURATELY. IN ADDITION, THE ORGANIZATION HAS NEVER FILED ITS FROM 990 RETURN LATE.