Be Ready Community Development Corporation
- Assets
- $5.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 51-0381849
Organization Overview
Be Ready Community Development Corporation is located in Wilmington, DE. The organization was established in 1999. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Be Ready Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Be Ready Community Development Corporation generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $796.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE LOCAL COMMUNITIES BY PROVIDING HOUSING, EDUCATION, SOCIAL SERVICES, AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICES - BRCDC PROVIDES YOUTH TRAINING AND ACTIVITIES TO BUILD TEEN LEADERS THROUGH ITS BLOC ACADEMY AND AFTER SCHOOL PROGRAM. BRCDC PROVIDES A SUMMER CAMP AND AFTER SCHOOL PROGRAMMING FOR CHILDREN 4TH-8TH GRADES THROUGH ITS PARTNERSHIP WITH URBANPROMISE'S CAMP PROMISE.
COMMUNITY OUTREACH
TRANSITIONAL HOUSING- THE LAZARUS HOUSE AND ESTHER PLACE OFFER LONG-TERM TRANSITIONAL HOUSING AND SOCIAL SERVICES IN A COOPERATIVE LIVING ENVIRONMENT. THE LAZARUS HOUSE PROVIDES SERVICES FOR MEN, WHILE ESTHER PLACE IS FOR WOMEN AND CHILDREN.
AFFORDABLE HOUSING SOLOMON'S COURT WILL PROVIDE 18 AFFORDABLE AND ACCESSIBLE 1 AND 2 BEDROOM APARTMENTS AND COMMERCIAL SPACE FOR SMALL BUSINESSES FOR WHICH TRAINING WILL BE PROVIDED FOR SMALL BUSINESSES. 6 OF THE 18 UNITS WERE PLACED INTO SERVICE IN MARCH 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emmanuel Deshields President | OfficerTrustee | 20 | $16,084 |
Regina Rhodes Secretary | OfficerTrustee | 4 | $9,243 |
Margaret Moon Vice President | OfficerTrustee | 20 | $0 |
Sarah Johnson Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $235,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $591,819 |
| Total Program Service Revenue | $14,752 |
| Investment income | $535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,839 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,028,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,327 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,546 |
| Advertising and promotion | $0 |
| Office expenses | $49,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,209 |
| Travel | $995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,040 |
| Insurance | $7,673 |
| All other expenses | $0 |
| Total functional expenses | $796,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,573 |
| Savings and temporary cash investments | $66,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,860 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,525 |
| Net Land, buildings, and equipment | $4,039,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,592 |
| Total assets | $5,134,064 |
| Accounts payable and accrued expenses | $279,662 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,089,868 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,456 |
| Total liabilities | $2,400,986 |
| Net assets without donor restrictions | $1,700,194 |
| Net assets with donor restrictions | $1,032,884 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,134,064 |
Grants Awarded
Over the last fiscal year, Be Ready Community Development Corporation has awarded $60,030 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF NEW CASTLE COUNTY PURPOSE: GENERAL FUNDING | $5,000 |
VILLAGE HILLTOP FOUNDATION INC PURPOSE: GENERAL FUNDING | $50,030 |
URBAN PROMISE PURPOSE: GENERAL FUNDING | $5,000 |