Baltimore Development Corporation
The baltimore development corporation (BDC) is a non-profit organization that serves as the economic development agency for the city of baltimore. Bdc's mission is to grow the city's economy in an inclusive, equitable manner by retaining, expanding, and attracting businesses, and by promoting strategic investment that increases career and wealth-building opportunities for residents.
Key facts about Baltimore Development Corporation
In short: Baltimore Development Corporation gave $1.3M across 22 grants in 2025 (avg $58K), mostly in Maryland. Source: 2025 IRS Form 990.
- EIN
- 52-1744007
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $1,271,337
- Grants made (2025)
- 22
- Average grant
- $57,788
- Median grant
- $15,000
- Total assets
- $34,849,876
- Primary geography
- Maryland (93% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$34.8M
+13.7% YoY
Annual Giving
$1.3M
Grant Count
22
Avg Grant Size
$58K
About Baltimore Development Corporation
Based on IRS filings
Baltimore Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in Baltimore, MD. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $34.8M in total assets. In 2025, it awarded 22 grants totaling $1.3M. Net investment income was $250K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 22 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| EMERGING TECHNOLOGY CENTERS INC Baltimore, MD | PASS-THROUGH FUNDS TO COVER VENDOR'S PAYROLL EXPENSES. | $748,856 |
| JLN CONSTRUCTION SERVICES LLC Baltimore, MD | FACADE IMPROVEMENTS | $139,270 |
| BRIGHTVIEW LANDSCAPE Atlanta, GA | OUTDOOR SPACES IMPROVEMENTS | $92,144 |
| TREND WALBROOK JUNCTION INVESTORS LLC Baltimore, MD | FACADE IMPROVEMENTS | $50,000 |
| CLIPPER CONSTRUCTION LLC DBA CLIPPER CITY CAFE Baltimore, MD | FACADE IMPROVEMENTS | $22,500 |
| YORK CORRIDOR BUSINESS IMPROVEMENT DISTRICT MANAGEMENT A Baltimore, MD | FACADE IMPROVEMENTS | $22,187 |
| NICK'S ROTISSERIE Baltimore, MD | FACADE IMPROVEMENTS | $20,000 |
| BUTCHERS LLC Baltimore, MD | FACADE IMPROVEMENTS | $15,000 |
| BLACK DIAMOND EQUITY GARAGE LLC Baltimore, MD | FACADE IMPROVEMENTS | $15,000 |
| DDB WORKSHOP LLC Baltimore, MD | FACADE IMPROVEMENTS | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $34,849,876 | $30,646,132 | $29,043,367 |
| Revenue | $10,531,909 | $2,618,286 | $6,026,374 |
| Expenses | $9,467,751 | $9,915,996 | $11,490,233 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $249,927 | $952,947 | $56,885 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 19, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
Leadership & Key People
Officers and directors from IRS filings
Baltimore Development Corporation is led by Colin Talbert, President & CEO on every filing since 2019; 6 of 21 officers listed in 2025 are compensated.
Officers on the 2025 filing
Colin Talbert
President & CEO
On filings since 2019
37.5 hrs/week
$210K (2020) → $267K (2025)
Augie Chiasera
Chair
Chairman → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Daniel A. Taylor
Managing Director - Business & Neighborhood Development
Managing Director → Director Neighborhood Development, 2022
Director Neighborhood Development → Managing Director - Business & Neighborhood Development, 2025
On filings since 2019
37.5 hrs/week
$106K (2019) → $149K (2025)
Larisa Salamacha
Managing Director - Strategy, Research & Analytic
Director Business Development → Managing Director - Strategy, Research & Analytics, 2024
Managing Director - Strategy, Research & Analytics → Managing Director - Strategy, Research & Analytic, 2025
On filings since 2019
37.5 hrs/week
$115K (2019) → $132K (2025)
Angela Wells-Sims
Director
On filings since 2019
1 hr/week
No compensation reported
Elda Devarie
Director
On filings since 2019
1 hr/week
No compensation reported
Jeffrey Fraley
Director
On filings since 2019
1 hr/week
No compensation reported
Michael Walton
Director
On filings since 2019
1 hr/week
No compensation reported
Miriam Fuchs
Director
On filings since 2019
1 hr/week
No compensation reported
Paul E. Taylor
Director
On filings since 2019
1 hr/week
No compensation reported
Alice Kennedy
Director
On filings since 2020
1 hr/week
No compensation reported
Carim Khouzami
Director
On filings since 2022
1 hr/week
No compensation reported
Mohan Suntha
Director
On filings since 2022
1 hr/week
No compensation reported
Shelonda Stokes
Director
On filings since 2022
1 hr/week
No compensation reported
Justin Williams
Director
On filings since 2023
1 hr/week
No compensation reported
Michael Mocksten
Director
On filings since 2024
1 hr/week
No compensation reported
Kimberly Clark
Execuitve Vice President & Secretary
Executive Vice President → Executive Vice President & Secretary, 2024
Executive Vice President & Secretary → Execuitve Vice President & Secretary, 2025
On filings since 2019
37.5 hrs/week
$202K (2019) → $228K (2025)
Jeffrey Pillas
Chief Financial Officer
CFO → Chief Financial Officer, 2024
On filings since 2021
37.5 hrs/week
$121K (2021) → $168K (2025)
Chavel Dixon
Controller & Treasurer
On filings since 2024
37.5 hrs/week
$107K (2024) → $150K (2025)
Arnold Williams CPA
Immediate Past Chair
Director → Immediate Past Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Jeffrey Hargrave
Vice Chair
Director → Vice Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Former officers (17)
- Former: Nancy Jordan-Howard (2019–2024) — Chief Operating Officer
- Former: Dan Taylor (2024) — Managing Director - Business & Neighborhood Development
- Former: Deborah Tillet (2019–2023) — Director of Technology
- Former: Nancy Jordan Howard (2022–2023) — COO
- Former: Michael Moiseyev (2023) — Director
- Former: Christy Wyskiel (2019–2022) — Director
- Former: David Adamski (2019–2022) — Treasury Controller
- Former: Greg Cangialosi (2019–2022) — Director
- Former: Henry Raymond (2019–2022) — Director
- Former: Theodore Carter (2021–2022) — Director
- Former: Kristin Dawson (2022) — Senior Director
- Former: William Beckford (2019–2021) — Director of Neighboorhood
- Former: Charisse Hughes (2019–2020) — Director
- Former: Jeff Pillas (2019–2020) — CFO
- Former: Carolyn Mozell (2020) — Director
- Former: Michael Braverman (2019) — Director
- Former: William Cole (2019) — President & CEO
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about Baltimore Development Corporation
How much does Baltimore Development Corporation give each year?
Baltimore Development Corporation gave $1.3M across 22 grants in 2025, according to its 2025 IRS Form 990.
What is Baltimore Development Corporation's typical grant size?
Baltimore Development Corporation's median grant in 2025 was $15,000, and its average grant was $57,788, across 22 grants on its 2025 IRS Form 990.
Where does Baltimore Development Corporation give grants?
Baltimore Development Corporation gives mostly in Maryland: 93% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Georgia (7%). The most frequent recipient cities were Baltimore, MD (21 grants).
Does Baltimore Development Corporation give general operating support?
Not in 2025: none of the 22 grants with a stated purpose on Baltimore Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Facade Improvements" (19 grants).
Who are Baltimore Development Corporation's largest grantees?
Baltimore Development Corporation's largest 2025 grantees include Emerging Technology Centers Inc ($748,856), JLN Construction Services LLC ($139,270) and Brightview Landscape ($92,144), according to its 2025 IRS Form 990. Together they received 77% of its itemized 2025 grant dollars.
How large is Baltimore Development Corporation?
Baltimore Development Corporation reported $34.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $10.5M.
What is Baltimore Development Corporation?
Baltimore Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in Baltimore, MD. It holds $34.8M in total assets as of 2025.
What is Baltimore Development Corporation's EIN?
Baltimore Development Corporation's EIN (Employer Identification Number) is 52-1744007. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Baltimore Development Corporation by hand.
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