Baltimore Affordable Housing Development Inc
417 East Fayette Street 13th Floor, Baltimore, MD · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $15,994,584 | $14,746,053 | $303,566,983 |
| FY2023 | $43,229,334 | $28,120,736 | $302,318,452 |
| FY2022 | $31,599,383 | $13,692,078 | $287,209,854 |
| FY2021 | $17,640,663 | $12,263,338 | $269,302,549 |
| FY2019 | $57,787,112 | $761,184 | $254,902,162 |
| FY2018 | $16,667,210 | $642,720 | $165,521,838 |
| FY2017 | $72,477,609 | $4,557,969 | $149,497,348 |
| FY2016 | $81,577,781 | $73 | $81,577,708 |
Form 990 filings
The returns filed by Baltimore Affordable Housing Development Inc (EIN 47-1204443), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of listed sources |
|---|---|---|
| Contributions & grants | $30,844,411 | 98% |
| Program service revenue | $705,264 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $13,073,515 | 89% |
| Management & general | $1,672,538 | 11% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants was the largest of the listed revenue sources in FY2024.
- Program services accounted for 89% of functional expenses, management & general 11%, and fundraising 0%.
- 89% of functional expenses went to program services in FY2024. That is higher than 84.4% of 32 Housing & Shelter organizations in MD.
- Net assets covered about 247 months of expenses at the end of the reporting year. That puts it in the 95th percentile among 341 Housing & Shelter organizations in MD.
- Total revenue was higher than 92.6% of 353 Housing & Shelter organizations in MD.
- Total revenue fell from $81,577,781 in FY2016 to $15,994,584 in FY2024. Revenue increased in 3 and decreased in 4 of 7 year-over-year comparisons.
- Revenue covered expenses in each of the 8 reported years, FY2016 to FY2024.
- The highest revenue on record here is $81,577,781 in FY2016.
- Net assets grew from $81,577,708 to $303,566,983 between FY2016 and FY2024.
- Contributions and grants made up 49% of revenue in FY2016 and 193% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
- The IRS automatically revoked this organization's tax-exempt status on November 15, 2016.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO ENHANCE THE SUPPLY OF QUALITY AFFORDABLE HOUSING IN BALTIMORE CITY
IRS status
| Ruling year | 2015 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L20 — Housing & Shelter (in MD) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
| Automatic revocation | November 15, 2016 |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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