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Nonprofiteer
← BE READY COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by BE READY COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,028,542
Total expenses
$796,715
Contributions and grants received
$591,819
Grants paid
$401,600
Program service revenue
$14,752
Investment income
$535
Other revenue
$421,436
Total assets, end of year
$5,134,064
Total liabilities, end of year
$2,400,986
Net assets or fund balances, end of year
$2,733,078
Program services expenses (Part IX)
$770,651
Management and general expenses
$13,510
Fundraising expenses
$12,554
Program service expenses (Part III)
$770,651

Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $235,395

  • 1f · All other contributions, gifts and grants

    $356,424

  • 2a · Program service revenue: Program Service Fees

    total $14,752 · related or exempt $14,752

  • 3 · Investment income

    total $535 · excluded $535

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $53,839

  • 6c · Rental income or loss

    real property $53,839 · personal property $0

  • 6d · Net rental income or loss

    total $53,839 · excluded $53,839

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: DEBT FORGIVENESS

    total $367,597 · related or exempt $367,597

  • 11e · Other revenue, total

    $367,597

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $401,600 · program services $401,600

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $25,327 · program services $25,327

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $117,546 · program services $105,546 · fundraising $12,000

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $49,928 · program services $48,568 · management and general $1,331 · fundraising $29

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $100,209 · program services $95,382 · management and general $4,307 · fundraising $520

  • 17 · Travel

    total $995 · program services $462 · management and general $533

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $4,291 · management and general $4,291

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $71,040 · program services $71,040

  • 23 · Insurance

    total $7,673 · program services $4,857 · management and general $2,811 · fundraising $5

  • 24a · Other expenses: STIPENDS

    total $14,602 · program services $14,402 · management and general $200

  • 24b · Other expenses: SUPPLIES

    total $3,504 · program services $3,467 · management and general $37

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $167,497 · end of year $825,573

  • 2 · Savings and temporary cash investments

    beginning of year $1,098,430 · end of year $66,198

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $131,305 · end of year $140,860

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,016 · end of year $23,525

  • 10a · Land, buildings and equipment: cost or other basis

    $4,131,429

  • 10b · Land, buildings and equipment: accumulated depreciation

    $92,113

  • 10c · Land, buildings and equipment, net

    beginning of year $3,507,211 · end of year $4,039,316

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $43,551 · end of year $38,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $203,258 · end of year $279,662

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,230,767 · end of year $2,089,868

  • 24 · Unsecured notes and loans payable

    beginning of year $350 · end of year $0

  • 25 · Other liabilities

    beginning of year $25,384 · end of year $31,456

  • 27 · Net assets without donor restrictions

    beginning of year $1,321,667 · end of year $1,700,194

  • 28 · Net assets with donor restrictions

    beginning of year $1,179,584 · end of year $1,032,884

Mission and programs · 2023

Mission

BE READY CDC ("BRCDC") IS A MULTIFACETED FAITH-BASED COMMUNITY SERVICE ORGANIZATION WHOSE MISSION IS TO DEVELOP PROGRAMS AND SERVICES TO REVITALIZE LOCAL COMMUNITIES BY PROVIDING HOUSING, EDUCATION, SOCIAL SERVICES, RECREATION AND ECONOMIC DEVELOPMENT. BRCDC SERVES AT RISK YOUTHS AND THEIR FAMILIES PRIMARILY THROUGHOUT NEW CASTLE COUNTY AND THE CITY OF WILMINGTON.

Activities or mission (Part I)

TO REVITALIZE LOCAL COMMUNITIES BY PROVIDING HOUSING, EDUCATION, SOCIAL SERVICES, AND RECREATION.

  • 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.

    Expenses $52,430 · Revenue $7,500

  • 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.

    Expenses $508,261

  • 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.

    Expenses $150,979

  • Community outreach

    Expenses $58,981

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • emmanuel Deshields

    president

    Total calculated
    $16,084
    From this org
    $16,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Regina Rhodes

    Secretary

    Total calculated
    $9,243
    From this org
    $9,243
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • margaret Moon

    vice President

    Total calculated
    $0
    Hours/week
    20

  • Sarah Johnson

    Treasurer

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • solomons court llc

    HOUSING · DE · income $58,374 · assets $4,503,464

    Directly controlled by be ready com

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349327429

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