2026-05-07T10:07:50-07:00 2025-06-30 030483170 C E A SCHOLTES AND ASSOCIATES 106 TUNBRIDGE ROAD BALTIMORE MD 21212 990 2024-07-01 465504308 HCPI DEVELOPMENT FUND INC CENTRAL BALTIMORE FUTURE FUND HCPI 4107091495 25 EAST 20TH STREET BALTIMORE MD 21218 MICHAEL POKORNY Chairman 2026-05-07 true true CHRIS SCHOLTES CPA P01607734 4103230010 2024 2025-03-06 01:10:19Z MICHAEL POKORNY 470361 false X CBFUTUREFUND.ORG X 2013 MD TO INCREASE ECONOMIC ACTIVITY, DECREASE THE INCIDENCE OF VACANT PROPERTIES, AND PROMOTE COMMUNITY DEVELOPMENT INVESTMENTS BENEFITING LOW TO MODERATE INCOME COMMUNITIES IN TEN CENTRAL BALTIMORE NEIGHBORHOODS THAT HAVE LONG SUFFERED DETERIORATION AND BLIGHT. 8 7 0 7 0 1093158 88599 243769 306477 20464 21081 12497 54204 1369888 470361 0 0 1236 0 0 0 401337 1098843 402573 1098843 967315 -628482 8803873 7510504 3929704 2451858 4874169 5058646 THE PURPOSE OF THE CENTRAL BALTIMORE FUTURE FUND IS TO STIMULATE INCLUSIVE ECONOMIC GROWTH AND ATTRACT INVESTMENT IN THE TEN CENTRAL BALTIMORE NEIGHBORHOODS BY: 1 PARTNERING WITH REINVESTMENT FUND TO MAKE LOANS TO TRANSFORMATIONAL HIGH IMPACT COMMERCIAL, RESIDENTIAL AND NEIGHBORHOOD DEVELOPMENT PROJECTS 2 ACQUIRING AND OFFERING TO DEVELOPERS VACANT AND BLIGHTED PROPERTIES FOR REDEVELOPMENT AND 3 PROVIDING ADVISORY SERVICES TO MEMBERS OF THE PUBLIC THAT FACILITATE A DECREASE OF VACANT AND ABANDONED PROPERTIES IN WAYS THAT SUPPORT COMMUNITY PLANS AND OBJECTIVES. false false 676320 360681 THE PURPOSE OF THE CENTRAL BALTIMORE FUTURE FUND IS TO STIMULATE INCLUSIVE ECONOMIC GROWTH AND ATTRACT INVESTMENT IN THE TEN CENTRAL BALTIMORE NEIGHBORHOODS BY: 1 PARTNERING WITH REINVESTMENT FUND TO MAKE LOANS TO TRANSFORMATIONAL HIGH IMPACT COMMERCIAL, RESIDENTIAL AND NEIGHBORHOOD DEVELOPMENT PROJECTS 2 ACQUIRING AND OFFERING TO DEVELOPERS VACANT AND BLIGHTED PROPERTIES FOR REDEVELOPMENT AND 3 PROVIDING ADVISORY SERVICES TO MEMBERS OF THE PUBLIC THAT FACILITATE A DECREASE OF VACANT AND ABANDONED PROPERTIES IN WAYS THAT SUPPORT COMMUNITY PLANS AND OBJECTIVES. 676320 true true false false false false false false true false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true false false false true 9 0 false 0 false false false false false false false 0 false false false false false false false X 8 7 false false false false false true true true true false false true true true true true true false false false MD X X ASHLEY WALLACE CO CBP 4107091495 25 EAST 20TH STREET BALTIMORE MD 21218 ELLEN JANES Secretary/ED of Related Org 5.00 40.00 X X 0 179712 0 Michael Pokorny Chairman 0.25 0.00 X X 0 0 0 Leon Pinkett III Treasurer 1.00 0.00 X X 0 0 0 Amy Bonitz Director 0.25 0.00 X 0 0 0 Tamir Ezzat Director 0.25 0.00 X 0 0 0 Peter Jackson Director 0.25 0.00 X 0 0 0 Joseph McNeely Chair emeritus 1.00 0.00 X 0 0 0 Ernst Valery Director 0.25 0.00 X 0 0 0 179712 0 false true false 0 88599 88599 RENTAL INCOME 531120 306477 306477 306477 21081 21081 0 0 0 0 0 0 0 OTHER INCOME 900099 54204 54204 54204 470361 360681 21081 0 0 0 0 0 0 0 0 0 0 118739 28226 90513 0 0 0 0 0 0 0 86220 80953 5267 0 0 304171 304171 0 0 0 164259 164259 0 81097 81097 0 BAD DEBT EXPENSE 331501 8520 322981 OTHER OPERATING EXPENSES 12856 9094 3762 0 1098843 676320 422523 0 951826 321176 800139 1092492 1094388 0 11373 26886 0 0 657923 355923 0 67751 82554 6032928 404674 5123806 5628254 0 0 0 0 96667 3219 8803873 7510504 125520 197781 518151 532270 3286033 1721807 3929704 2451858 X 4874169 5058646 4874169 5058646 8803873 7510504 X -628482 -96667 909626 X false true X false false X 1276434 54484 1093158 88599 2512675 0 0 1276434 54484 1093158 88599 2512675 0 2512675 9495 10927 5947 20464 21081 67914 0 2005 1103 12497 54204 69809 2650398 1058368 0.94800 0.97310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 2394820 2394820 3382493 404674 2977819 255615 255615 5628254 X 611239 140878 140878 470361 470361 1239721 140878 140878 1098843 1098843 Part IV, Line 2b: Explanation of escrow account liability The City of Baltimore is also a guarantor under the Capital Project Grant Agreement with a maximum liability of $500,000. In January 2018, the Organization received $500,000 from the City of Baltimore to be held by the Organization in a separately maintained escrow account. Any interest accrued on the funds within the escrow account shall become part of the escrow account. The Organization has agreed to hold and disburse the funds on behalf of the City of Baltimore in accordance with the terms of the guarantee agreement. The escrow liability balance totaled $532,270 and $518,151 as of June 30, 2025 and 2024, respectively.The escrow liability balance is inclusive of the accrued interest of $14,119 and $1,498 as of June 30, 2025 and 2024, respectively. Part X : FIN48 Footnote THE ORGANIZATION IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INERNAL REVENUE CODE. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S EVALUATION ON JUNE 30, 2025 REVEALED NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE PREVIOUS THREE 3 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE ORGANIZATION DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE 12 MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. false false false false false false false false false ELLEN JANES Secretary/ED of Related Org 179712 179712 Form 990, Part VI, Section A, Line 7a As detailed in the organization's 1023, the board of directors of the HCPI Development Fund is elected by the board of directors of the non-profit, 501c3 Central Baltimore Partnership. Form 990, Part VI, Section A, Line 7b As detailed in the organization's 1023, the board of directors of the HCPI Development Fund is elected by the board of directors of the non-profit, 501c3 Central Baltimore Partnership. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION CONTINUOUSLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER ANNUALLY SIGNS A CONFLICT OF INTEREST STATEMENT STATING THEY HAVE NO CONFLICT OF INTEREST RELATING TO ISSUES SUBJECT TO BOARD ACTION AND APPROVAL. IN ADDITION, ANY PAYMENTS OF ANY EXTERNAL PARTY RELATED TO A BOARD MEMBER IS DISCLOSED TO THE ENTIRE BOARD IF A CONFLICT IS PERCEIVED THAT A BOARD MEMBER DOES NOT BELIEVE IS A CONFLICT, IT WOULD BE DISCUSSED BY THE EXECUTIVE COMMITTEE, AND IF NECESSARY IT MIGHT CHOOSE TO REQUIRE THE BOARD MEMBER TO RECUSE HIM/HERSELF FROM ANY DISCUSSION OR BOARD ACTION. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. A COPY OF THE FORM 990 IS ALSO AVAILABLE ONLINE VIA WWW. GUIDESTAR.ORG. Form 990, Part XI, Line 9 NONCONTROLLING INTEREST - MEMBER CONTRIBUTION = $909626 SCHEDULE A, PART II THE ORGANIZATION CHANGED ITS FISCAL YEAR ON THE PREVIOUSLY FILED FORM 990, FILING A SHORT PERIOD RETURN FOR THE PERIOD 1/1/2023 UNTIL 06/30/2023. THE INFORMATION PRESENTED ON SCHEDULE A, PART II FOR TAX YEARS 2024, 2023, 2022, 2021, AND 2020 IS FOR THE YEARS ENDED 6/30/25, 6/30/24, 6/30/23, 12/31/22, and 12/31/21, RESPECTIVELY. BALTIMORE COMMUNITY LLC 25 EAST 20TH STRET BALTIMORE MD 21218 320479920 REMOVAL OF BLIGHT & TRANSFORMATIVE DEVELOPMENT MD 222306 2371823 HCPI DEVELOPMENT FUND INC HCPI CONSULTING LLC 25 EAST 20TH STREET BALTIMORE MD 21218 352547010 CONSULTING SERVICES FOR COMMUNITY MD HCPI DEVELOPMENT FUND INC BALTIMORE COMMUNITY 2 LLC 25 EAST 20TH STREET BALTIMORE MD 21218 300960416 REMOVAL OF BLIGHT & TRANSFORMATIVE DEVELOPMENT MD 5696 HCPI DEVELOPMENT FUND INC BALTIMORE COMMUNITY 3 LLC 25 EAST 20TH STREET BALTIMORE MD 21218 364852259 REMOVAL OF BLIGHT & TRANSFORMATIVE DEVELOPMENT MD 15046 HCPI DEVELOPMENT FUND INC BALTIMORE COMMUNITY 4 LLC 25 EAST 20TH STREET BALTIMORE MD 21218 371842313 REMOVAL OF BLIGHT & TRANSFORMATIVE DEVELOPMENT MD 69468 HCPI DEVELOPMENT FUND INC BALTIMORE COMMUNITY 5 LLC 25 EAST 20TH STREET BALTIMORE MD 21218 320512013 REMOVAL OF BLIGHT & TRANSFORMATIVE DEVELOPMENT MD 9000 340759 HCPI DEVELOPMENT FUND INC BALTIMORE COMMUNITY 7 LLC 25 EAST 20TH STREET BALTIMORE MD 21218 371843244 REMOVAL OF BLIGHT & TRANSFORMATIVE DEVELOPMENT MD 160287 HCPI DEVELOPMENT FUND INC BALTIMORE COMMUNITY 9 LLC 25 EAST 20TH STREET BALTIMORE MD 21218 300960412 REMOVAL OF BLIGHT & TRANSFORMATIVE DEVELOPMENT MD HCPI DEVELOPMENT FUND INC BALTIMORE COMMUNITY 10 LLC 25 EAST 20TH STREET BALTIMORE MD 21218 364853153 REMOVAL OF BLIGHT & TRANSFORMATIVE DEVELOPMENT MD HCPI DEVELOPMENT FUND INC CENTRAL BALTIMORE PARTNERSHIP INC 25 EAST 20TH STREET SUITE 140 BALTIMORE MD 21218 262842736 NEIGHBORHOODS REVITALIZATION MD 501C3 7 NA false NORTH AVENUE MARKET DEVELOPMENT LLC 25 EAST 20TH STREET BALTIMORE MD 21218 933043487 REDEVELOPMENT MD HCPI RELATED -183816 2039200 false true 0.50000 false false false false false false false false false false false false true false false false false false false PART V, LINE 1M THE RELATED TAX EXEMPT ORGANIZATION CBP, LISTED IN SCHEDULE R, PART II, HELPS RAISE MONEY FOR THE FILING ORGANIZATION THROUGH APPLICATIONS FOR FUNDING, AND CONDUCTS COMMUNITY AND STAKEHOLDER OUTREACH FOR PROJECTS.