Read our latest Quarterly Report
We are excited to share our progress and report on our activity during the first quarter of Fiscal Year 2026 (July – September 2025).
SBGP is proud and grateful for the opportunity to serve South Baltimore communities with integrity, transparency, and commitment. Over the past quarter, we have continued strengthening our operations and investing in the future of our neighborhoods.
This quarter, SBGP:
- Began hiring for a new Senior Real Estate Development Manager and a new Enhanced Services Manager, both of which are expected to start in the coming quarter.
- Completed the scoping and contracting process for its comprehensive website redevelopment project. The consultant plans to begin the design phase in October 2025, followed by implementation in future quarters.
- Completed a comprehensive technology roadmap and began implementing strategic improvements to its technology systems to better support organizational growth and operations.
- Launched its current Board application cycle for three new Board members to begin serving on January 1, 2026. SBGP anticipated that nominees would be appointed at the October 15, 2025, Board meeting.
- Continued exploring strategies for managing uncertainty related to federal funding and is actively diversifying its revenue sources.
- Finalized the financial audit for FY25, and SBGP’s independent auditors once again issued an unmodified (clean) audit opinion on the financial statements.
A key milestone last quarter was the official establishment of the South Baltimore Gateway Foundation, a new affiliated nonprofit organization, designed to serve as a fundraising vehicle. The Foundation submitted its application to the IRS for 501(c)3 status and is awaiting an IRS determination letter, which it anticipates receiving in the coming quarters.
To date, SBGP has committed approximately $45.6 million of core intergovernmental Local Impact Grant funds to projects across the District, ranging from small community grants to large capital projects. An additional $5.8 million of projects were in development for a total mobilization of approximately $51.4 million. Reflecting SBGP’s commitment to an equitable model of investing, approximately 78 percent of core program funding to date has been invested in low-income communities and communities of color within the District.