Nonprofit · EIN 52-1632468
BALTIMORE COMMUNITY LENDING INC
Tax-exempt · BALTIMORE, MD 21201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,804,597 | $10,024,988 | -$1,220,391 | $44,380,351 | $27,416,364 | $16,963,987 |
| June 30, 2024 | 990 | $6,394,581 | $5,248,201 | $1,146,380 | $40,362,956 | $22,091,376 | $18,271,580 |
| June 30, 2023 | 990 | $4,865,383 | $3,975,555 | $889,828 | $37,305,565 | $20,143,885 | $17,161,680 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,234,648
- of which government grants
- $3,529,668
- Program service revenue
- $2,415,378
- Investment income
- $156,956
- Net income from fundraising events
- -$2,385
- Other revenue
- -$2,385
Expenses
- Grants and similar amounts paid
- $1,853,500
- Compensation of officers, directors and key employees
- $205,389
- Other salaries and wages
- $1,737,044
- Salaries, compensation and benefits (total)
- $2,393,438
- Professional fundraising fees
- $0
- Legal fees
- $83,341
- Accounting fees
- $28,551
- Occupancy
- $113,247
- Travel
- $14,696
- Depreciation
- $104,082
- Program services (functional)
- $8,251,033
- Management and general (functional)
- $1,533,577
- Fundraising (functional)
- $240,378
Balance sheet and other
- Total assets, start of year
- $40,362,956
- Total assets, end of year
- $44,380,351
- Total liabilities, end of year
- $27,416,364
- Net assets, end of year
- $16,963,987
- Land, buildings and equipment
- $1,362,186
- Publicly traded securities
- $1,776,666
- Net assets without donor restrictions
- $15,558,987
- Net assets with donor restrictions
- $1,405,000
- Gross receipts
- $8,806,982
- Employees
- 21
- Volunteers
- 9
- Year formed
- 1989
- 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 |
|---|---|---|---|
| WATCHEN HARRIS BRUCE | PRESIDENT AND CEO Trustee or director, Officer | 40 | $199,389 |
| CLARENCE J SNUGGS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $145,487 |
| SUSAN E KELLY | CHIEF FINANCIAL OFFICER Highest-paid employee | 40 | $130,654 |
| SEAN E L RUSSELL | CHIEF LENDING OFFICER Highest-paid employee | 40 | $125,634 |
| BONNIE J CROCKETT | DIRECTOR OF SMALL BUSINESS Highest-paid employee | 40 | $112,316 |
| MICHAEL TAGG | BOARD CHAIR Trustee or director | 0.3 | $0 |
| ALEX AARON | BOARD VICE CHAIR Trustee or director | 0.3 | $0 |
| ANTONY GROSS | TREASURER Trustee or director | 0.3 | $0 |
| LINDA HARRINGTON | SECRETARY Trustee or director | 0.3 | $0 |
| ALICE KENNEDY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| GERARD JOAB | BOARD MEMBER Trustee or director | 0.3 | $0 |
| JEFFREY C WILKE | BOARD MEMBER Trustee or director | 0.3 | $0 |
| PAUL T GRAZIANO | BOARD MEMBER Trustee or director | 0.3 | $0 |
| MICHAEL F ALLEN | BOARD MEMBER Trustee or director | 0.3 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WATCHEN HARRIS BRUCE | PRESIDENT AND CEO Trustee or director, Officer | 40 | $182,712 |
| MICHAEL TAGG | BOARD CHAIR Trustee or director | 0.3 | $0 |
| ALEX AARON | BOARD VICE CHAIR Trustee or director | 0.3 | $0 |
| ANTONY GATES | TREASURER Trustee or director | 0.3 | $0 |
| LINDA HARRINGTON | SECRETARY Trustee or director | 0.3 | $0 |
| ALICE KENNEDY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| GEORGE VON ZEDLITZ | BOARD MEMBER Trustee or director | 0.3 | $0 |
| GERARD JOAB | BOARD MEMBER Trustee or director | 0.3 | $0 |
| JEFFREY C WILKE | BOARD MEMBER Trustee or director | 0.3 | $0 |
| PAUL T GRAZIANO | BOARD MEMBER Trustee or director | 0.3 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WATCHEN HARRIS BRUCE | PRESIDENT AND CEO Trustee or director, Officer | 40 | $148,479 |
| CLARENCE SNUGGS | SVP & CHIEF OPERATING OFFICER Highest-paid employee | 40 | $131,312 |
| SEAN RUSSELL | VP & CHIEF LENDING OFFICER Highest-paid employee | 40 | $116,112 |
| MICHAEL TAGG | VICE CHAIR Trustee or director, Officer | 0.3 | $0 |
| JEFFREY C WILKE | BOARD CHAIR Trustee or director, Officer | 0.3 | $0 |
| ANTONY GROSS | TREASURER Trustee or director, Officer | 0.3 | $0 |
| LINDA HARRINGTON | SECRETARY Trustee or director, Officer | 0.3 | $0 |
| ALEX AARON | BOARD MEMBER Trustee or director | 0.3 | $0 |
| ALICE KENNEDY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| CHRISTOPHER ROCKEY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| EDUARDO HAYDEN | BOARD MEMBER Trustee or director | 0.3 | $0 |
| GERARD JOAB | BOARD MEMBER Trustee or director | 0.3 | $0 |
| NICHOLE DOYE BATTLE | BOARD MEMBER Trustee or director | 0.3 | $0 |
| PAUL T GRAZIANO | BOARD MEMBER Trustee or director | 0.3 | $0 |
| COLLEEN KLINE | BOARD MEMBER Trustee or director | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- 875 HOLLINS ST STE 301, BALTIMORE, MD 21201-1252
- Principal officer (990 for 2024)
- WATCHEN HARRIS BRUCE, 301 N CALVERT, BALTIMORE, MD 21202
- Signed the 990
- WATCHEN HARRIS BRUCE, PRESIDENT & CEO
- Phone
- (410) 727-8590
- Website
- WWW.BCLENDING.ORG
- Return prepared by
- SB & COMPANY LLC
Mission
THE MISSION OF BALTIMORE COMMUNITY LENDING IS SUPPORTING THE REVITALIZATION AND STRENGTHENING OF UNDERSERVED COMMUNITIES IN THE GREATER BALTIMORE REGION THROUGH INNOVATIVE FINANCIAL SOLUTIONS AND COLLABORATIVE RESOURCES DESIGNED TO PROMOTE COMMUNITY DEVELOPMENT.
Program accomplishments
- COMMUNITY DEVELOPMENT LOAN PORTFOLIO MANAGEMENT MAINTAIN, MANAGE AND SERVICE APPROXIMATELY 50 COMMUNITY DEVELOPMENT LOAN ASSETS TOTALING APPROXIMATELY $17 MILLION AND REPRESENTING IN EXCESS OF 400 AFFORDABLE HOUSING UNITS, COUNSEL AND ADVISE EXISTING BORROWERS CONCERNING LOAN COMPLIANCE BEST PRACTICES, AND ASSIST STRUGGLING BORROWERS TO IDENTIFY AVAILABLE REMEDIES IN THE EVENT OF PAYMENT AND/OR PERFORMANCE CHALLENGES.Expenses $8,125,137 · grants $1,853,500 · revenue $1,639,183
- THE SMALL BUSINESS DIVISION IS A SIX-YEAR-OLD SMALL BUSINESS LOAN INITIATIVE WHICH PROVIDES FINANCING FOR CREDIT WORTHY BUSINESSES THAT LACK EQUITY OR ARE NOT OTHERWISE ELIGIBLE FOR TRADITIONAL FINANCING. IT MAINTAINS , MANAGES AND SERVICES APPROXIMATELY 180 SMALL BUSINESS LOANS TOTALING APPROXIMATELY $13.9M FOR START-UP AND EXPANDING BUSINESSES.Expenses $125,896 · revenue $776,195
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
- 52-1632468
- 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
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $44,380,351
- Income (IRS master file)
- $8,806,982
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,804,597 | $10,024,988 | $44,380,351 | XML |
| 990 | June 2024 | $6,394,581 | $5,248,201 | $40,362,956 | IRS |
| 990 | June 2023 | $4,865,383 | $3,975,555 | $37,305,565 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 52-1632468).
Questions about BALTIMORE COMMUNITY LENDING INC
- What is the EIN of BALTIMORE COMMUNITY LENDING INC?
- The employer identification number (EIN) of BALTIMORE COMMUNITY LENDING INC is 52-1632468.
- Is BALTIMORE COMMUNITY LENDING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to BALTIMORE COMMUNITY LENDING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BALTIMORE COMMUNITY LENDING INC 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 BALTIMORE COMMUNITY LENDING INC 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 BALTIMORE COMMUNITY LENDING INC 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 BALTIMORE COMMUNITY LENDING INC?
- The 990 for the year ended June 30, 2025 names WATCHEN HARRIS BRUCE.
- Who are the officers and directors of BALTIMORE COMMUNITY LENDING INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 5 received compensation from the organization, the highest $199,389 (WATCHEN HARRIS BRUCE, PRESIDENT AND CEO).
- How much revenue does BALTIMORE COMMUNITY LENDING INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,804,597, expenses of $10,024,988 and total assets of $44,380,351 at year end.
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All nonprofits in BALTIMORE · Maryland · Community improvement and capacity building