Mission
Parity is an equitable development company that focuses on the acquisition and rehabilitation of abandoned properties in West Baltimore, aiming to provide affordable ownership opportunities and combat gentrification and displacement. We leverage social capital to create pathways for communities to invest in their neighborhoods.
Basic Information
Founded in
2020
EIN
85-0771143
Total Assets
$1.923 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Affordable Home Ownership
We acquire and rehabilitate abandoned properties to create affordable home ownership opportunities in our local community.
Community Focus
We focus on protecting the wellbeing of existing residents in developing neighborhoods, ensuring they are not displaced.
Historic Perspective
We understand the historical context of wealth and housing disparity and work through a historical lens.
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
54
54
/100
Program Expense Ratio
79.61%
12
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.07281
20
/20
Working Capital Ratio
5.745
18
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2021
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 1.879M | 100.00% |
| Program Services | 0 | 0.00% |
| Investment Income | 4 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 1.879M | 100.00% |