Civic Intelligence

Burten Bell Carr Development Corp

990 • Fiscal year 2020 • EIN 34-1657533

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 21, 2020

7201 Kinsman RoadCleveland, OH 44104

(216) 341-1455

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.49x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.73x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$159,186

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

81st percentile

28%

Faster asset growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$12,428,152

Up $2,681,793 (+28%) from 2019

Net Assets

Up

$6,368,285

Up $1,000,515 (+19%) from 2019

Liabilities

Up

$6,059,867

Up $1,681,278 (+38%) from 2019

Revenue

Up

$3,496,658

Up $351,734 (+11%) from 2019

Expenses

Up

$2,496,143

Up $45,271 (+1.8%) from 2019

Net Income

Up

$1,000,515

Up $306,463 (+44%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $2,876,782Liabilities 2011: $1,995,902Net Assets 2011: $880,8802011Assets 2012: $4,817,815Liabilities 2012: $3,211,200Net Assets 2012: $1,606,6152012Assets 2013: $5,644,295Liabilities 2013: $3,110,157Net Assets 2013: $2,534,1382013Assets 2014: $6,007,581Liabilities 2014: $2,952,116Net Assets 2014: $3,055,4652014Assets 2015: $5,940,389Liabilities 2015: $3,023,637Net Assets 2015: $2,916,7522015Assets 2016: $5,997,945Liabilities 2016: $3,012,429Net Assets 2016: $2,985,5162016Assets 2017: $6,951,376Liabilities 2017: $2,813,905Net Assets 2017: $4,137,4712017Assets 2018: $7,743,672Liabilities 2018: $3,069,954Net Assets 2018: $4,673,7182018Assets 2019: $9,746,359Liabilities 2019: $4,378,589Net Assets 2019: $5,367,7702019Assets 2020: $12,428,152Liabilities 2020: $6,059,867Net Assets 2020: $6,368,2852020Assets 2021: $21,994,614Liabilities 2021: $15,551,988Net Assets 2021: $6,442,6262021Assets 2022: $23,935,099Liabilities 2022: $17,602,279Net Assets 2022: $6,332,8202022Assets 2023: $23,538,115Liabilities 2023: $17,632,703Net Assets 2023: $5,905,4122023Assets 2024: $23,134,921Liabilities 2024: $17,752,074Net Assets 2024: $5,382,8472024

Highlighted filing

2020

Assets$12,428,152
Liabilities$6,059,867
Net Assets$6,368,285

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $943,6202011Expenses 2012: $1,352,4492012Expenses 2013: $1,491,6712013Revenue 2014: $2,264,026Expenses 2014: $1,742,699Net Income 2014: $521,3272014Revenue 2015: $2,406,377Expenses 2015: $2,545,090Net Income 2015: -$138,7132015Revenue 2016: $3,543,524Expenses 2016: $3,474,760Net Income 2016: $68,7642016Revenue 2017: $3,614,149Expenses 2017: $2,240,330Net Income 2017: $1,373,8192017Revenue 2018: $2,721,156Expenses 2018: $2,184,909Net Income 2018: $536,2472018Revenue 2019: $3,144,924Expenses 2019: $2,450,872Net Income 2019: $694,0522019Revenue 2020: $3,496,658Expenses 2020: $2,496,143Net Income 2020: $1,000,5152020Revenue 2021: $3,173,355Expenses 2021: $3,099,014Net Income 2021: $74,3412021Revenue 2022: $4,298,012Expenses 2022: $4,407,818Net Income 2022: -$109,8062022Revenue 2023: $5,328,896Expenses 2023: $4,626,829Net Income 2023: $702,0672023Revenue 2024: $4,431,389Expenses 2024: $5,199,698Net Income 2024: -$768,3092024

Highlighted filing

2020

Revenue$3,496,658
Expenses$2,496,143
Net Income$1,000,515
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 21, 2020
Return Version
2019v5.0
Gross Receipts
$3,640,847
Mission and Program Overview

Mission

Enhance the quality of life for residents of ward 5 (of cleveland, ohio) by creating a model community comprised of new and improved housing. The organization will initiate and cultivate housing, recreation, retail and employment opportunities through effective partnerships with residents, community groups, government, corporations and institutions.

Bbc's mission is to empower citizens, and revitalize blighted and underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,535,923$7,795,374▲ $1,259,451
Other Notes and Loans Receivable, Net$1,072,000$2,532,000▲ $1,460,000
Pledges and Grants Receivable$497,289$842,210▲ $344,921
Cash and Non-Interest-Bearing Accounts$578,586$576,051▼ $2,535
Savings and Temporary Cash Investments$1,038,163$442,429▼ $595,734
Accounts Receivable$17,734$222,987▲ $205,253
Prepaid Expenses and Deferred Charges$6,064$10,060▲ $3,996
Investments Other Securities$225$6,666▲ $6,441
Total Assets$9,746,359$12,428,152▲ $2,681,793
Other Assets Total$375$375→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,843,478$5,620,992▲ $1,777,514
Accounts Payable and Accrued Expenses$418,486$299,730▼ $118,756
Other Liabilities$112,640$135,160▲ $22,520
Deferred Revenue$3,985$3,985→ $0
Total Liabilities$4,378,589$6,059,867▲ $1,681,278
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,367,770$5,455,859▲ $88,089
Net Assets With Donor Restrictions-$912,426-
Total Net Assets Fund Balance$5,367,770$6,368,285▲ $1,000,515
Total Liabilities and Net Assets / Fund Balance$9,746,359$12,428,152▲ $2,681,793

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,186,741$1,074,984$6,261,725
Land$2,535,901-$442,936
Equipment$72,732$155,541$228,273
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy TrambleResignedFT$151,896$7,290$159,186
Joy JohnsonExecutive DiFT$93,143-$93,143

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,473,843
Program Service Revenue
$941,689
Investment Income
$81,126
Other Revenue
$0
All Other Contributions
$1,723,223
Change in Net Assets
$1,000,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,496,658
Total Revenue per Audited Statements
$3,496,658
Total Revenue per Form 990
$3,496,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,288,648
Salaries, Compensation, and Employee Benefits$1,207,495
Total Fundraising Expense$67,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$625,907$145,059$15,077$786,043
Occupancy$372,581$49,677$7,451$429,709
Other Employee Benefits$149,994$38,960$5,844$194,798
Depreciation Depletion$133,109$34,051$5,107$172,267
Current Officers, Directors, Trustees, and Key Employees$72,901$36,450$12,149$121,500
Payroll Taxes$54,143$14,064$2,109$70,316
Interest$45,402$1,404-$46,806
Fees for Services Accounting$32,720$10,069$1,510$44,299
Advertising$41,957--$41,957
Insurance$30,239$7,854$1,179$39,272
Pension Plan Contributions$26,825$6,968$1,045$34,838
Other Expenses$27,809$13,508$2,026$27,809
Conferences and Meetings$7,381$1,916$288$9,585
Travel$7,204$1,871$280$9,355
Fees for Services Legal$6,041--$6,041
Office Expenses$-7,008$-1,823$-273$-9,104
Total Functional Expenses$1,975,362$453,038$67,743$2,496,143

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,496,143
Total Expenses per Audited Statements$2,496,143
Total Expenses per Form 990$2,496,143
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Trust Funds$118,099
Security Deposits$17,061
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the federal form 990 was provided to the board prior to filing.

Form 990, Page 6, Part VI, Line 15A

The office and personnel committee negotiated the executive director's salary. They used a number of factors including other 990s and discussions with other cdc board members.

Form 990, Page 6, Part VI, Line 19

Consistent with the requirements of section 6104(d) of the irc and the regulations thereunder, copies of the organization's form 990 and governing documents shall be made available upon request, in a timely manner, and subject to the charges permitted by law to any individuals who request it.

Filing and Contact Details

Filer

Filer Name
Burten Bell Carr Development Inc
EIN
34-1657533
Phone
2163411455
Address
7201 KINSMAN ROAD, CLEVELAND, OH 44104

Signing Officer

Name
Joy Johnson
Title
Executive Director
Phone
2163411455
Signed
2020-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joy Johnson
Formed
1990
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
23
Volunteers
260

Preparer

Firm
Koester Disalvo and Fried
Address
5587 TURNEY ROAD, GARFIELD HTS, OH 44125
Preparer
Kc Koester
Phone
2164757844
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The all volunteer board supervisors the organization's finance and monitors it activites to ensure bbc's mission is accomplished.

Form 990, Page 2, Part III, Line 4A

Burten, bell, carr development, inc. (bbc) was created as a non-profit community development corporation (cdc) in 1990 to perform neighborhood planning and community revitalization activities in ward 5 of the city of cleveland. In 30 years of existence, the organization primarily focused its efforts on neighborhood planning and restoring the residential fabric of the community by facilitating a variety of housing projects and supportive services in the central community. We evolved into a full service community development corporation serving the central and lower kinsman neighborhoods. Additional neighborhoods that we now support.buckeye-shaker square and buckeye-woodland neighborhoods. In 30 years we have seen indicators, such as low foreclosure rates, purposeful re-use of large tracts of desolate land and the successful rental of retail spaces within once infamous crime-infested areas, demonstrates our effectiveness at charting the path of neighborhood recovery within the most challenged neighborhoods of cleveland. With such proven success we are poised to cultivate a new thriving neighborhood.

Form 990, Page 2, Part III, Line 4B

Bbc is comprised of a dynamic staff of seventeen highly dedicated and accomplished community development practitioners. In may of 2020 timothy tramble, executive director since 2000, transition into another role. Joy johnson, the associate director who has been with the organization 2002, was selected to replace mr. Tramble. This selection of ms. Johnson will ensure that the knowledge and expertise of bbc projects and programs remain consistent and sustainable. Fourteen staff members serve in a full-time capacity, eight (8) of which have earned a master's degree in public administration, planning and development, architecture, or social work. Full-time staff members have been with the organization for an average of five years and have been working in the community development field for more than 10 years on average. Bbcs three social enterprises employs additional individuals, all of whom were unemployed community residents prior to working for bbc subsidiaries.

Form 990, Page 2, Part III, Line 4C

During the 2020 calendar year, we experienced many challenges associated with the covid-19 global pandemic. With all the barriers and challenges ahead of us, the board and staff remain vigilant to support the residents, businesses, and community stakeholders to navigate these tumultuous times. We worked closely with partners to leverage resources to provide over 4,000 community residents with weekly dinners, fresh produce, and personal protective equipment. Bbc also provided residents with rental support, groceries for households, and support with utility bills. We supported 19 business with rental or mortgage assistance and technical assistance to ensure they remain viable in our community. We completed the financing for colfax family homes, 36 single- family homes that will create low- to moderate-income housing options in the kinsman neighborhood. These homes will change the landscape of the street and community as we implement our neighborhood master plan. The organization is supported by a fully volunteer board of ten members. The all-volunteer board supervises the organization's finances and monitors it activities to ensure bbc's mission is accomplished. The board members are comprised of individuals who live, work, and support the growth and development of the target areas we support.

Form 990, Page 2, Part III, Line 4D

Key programs/services "boxspot small business venture "health & wellness education for youth & adults home repair assistance "programs focusing on the arts "retail development "housing development & occupancy "greenspace development and maintenance fiscal agent services to grass roots "groups neighborhood landscaping initiative. "investment school lead agency "land assembly "neighborhood planning "technical assistance to businesses & entrepreneurs "volunteer income tax assistance program

Financial Statement Notes

Schedule D, Page 3, Part X

I.bbc complies with fasb asc 740- accounting for uncertainty in income taxes. Fasb asc 740 details how companies should recognize, measure, present and disclose uncertain tax positions that have been or expected to be taken. As such, the financial statements would reflect expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the position and all relevant facts, if they existed. The management of bbc believes that there are no uncertain tax positions. The organization's tax years that remain subject to examination by the internal revenue service are june 30, 2017 and forward.

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IRS990/Desc0BURTEN, BELL, CARR DEVELOPMENT, INC. (BBC) WAS CREATED AS A NON-PROFIT COMMUNITY DEVELOPMENT CORPORATION (CDC) IN 1990 TO PERFORM NEIGHBORHOOD PLANNING AND COMMUNITY REVITALIZATION ACTIVITIES IN WARD 5 OF THE CITY OF CLEVELAND. IN 30 YEARS OF EXISTENCE, THE ORGANIZATION PRIMARILY FOCUSED ITS EFFORTS ON NEIGHBORHOOD PLANNING AND RESTORING THE RESIDENTIAL FABRIC OF THE COMMUNITY BY FACILITATING A VARIETY OF HOUSING PROJECTS AND SUPPORTIVE SERVICES IN THE CENTRAL COMMUNITY. WE EVOLVED INTO A FULL SERVICE COMMUNITY DEVELOPMENT CORPORATION SERVING THE CENTRAL AND LOWER KINSMAN NEIGHBORHOODS. ADDITIONAL NEIGHBORHOODS THAT WE NOW SUPPORT.BUCKEYE-SHAKER SQUARE AND BUCKEYE-WOODLAND NEIGHBORHOODS. IN 30 YEARS WE HAVE SEEN INDICATORS, SUCH AS LOW FORECLOSURE RATES, PURPOSEFUL RE-USE OF LARGE TRACTS OF DESOLATE LAND AND THE SUCCESSFUL RENTAL OF RETAIL SPACES WITHIN ONCE INFAMOUS CRIME-INFESTED AREAS, DEMONSTRATES OUR EFFECTIVENESS AT CHARTING THE PATH OF NEIGHBORHOOD RECOVERY WITHIN THE MOST CHALLENGED NEIGHBORHOODS OF CLEVELAND. WITH SUCH PROVEN SUCCESS WE ARE POISED TO CULTIVATE A NEW THRIVING NEIGHBORHOOD.
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IRS990/ProgSrvcAccomActy2Grp/Desc0BBC IS COMPRISED OF A DYNAMIC STAFF OF SEVENTEEN HIGHLY DEDICATED AND ACCOMPLISHED COMMUNITY DEVELOPMENT PRACTITIONERS. IN MAY OF 2020 TIMOTHY TRAMBLE, EXECUTIVE DIRECTOR SINCE 2000, TRANSITION INTO ANOTHER ROLE. JOY JOHNSON, THE ASSOCIATE DIRECTOR WHO HAS BEEN WITH THE ORGANIZATION 2002, WAS SELECTED TO REPLACE MR. TRAMBLE. THIS SELECTION OF MS. JOHNSON WILL ENSURE THAT THE KNOWLEDGE AND EXPERTISE OF BBC PROJECTS AND PROGRAMS REMAIN CONSISTENT AND SUSTAINABLE. FOURTEEN STAFF MEMBERS SERVE IN A FULL-TIME CAPACITY, EIGHT (8) OF WHICH HAVE EARNED A MASTER'S DEGREE IN PUBLIC ADMINISTRATION, PLANNING AND DEVELOPMENT, ARCHITECTURE, OR SOCIAL WORK. FULL-TIME STAFF MEMBERS HAVE BEEN WITH THE ORGANIZATION FOR AN AVERAGE OF FIVE YEARS AND HAVE BEEN WORKING IN THE COMMUNITY DEVELOPMENT FIELD FOR MORE THAN 10 YEARS ON AVERAGE. BBCS THREE SOCIAL ENTERPRISES EMPLOYS ADDITIONAL INDIVIDUALS, ALL OF WHOM WERE UNEMPLOYED COMMUNITY RESIDENTS PRIOR TO WORKING FOR BBC SUBSIDIARIES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DURING THE 2020 CALENDAR YEAR, WE EXPERIENCED MANY CHALLENGES ASSOCIATED WITH THE COVID-19 GLOBAL PANDEMIC. WITH ALL THE BARRIERS AND CHALLENGES AHEAD OF US, THE BOARD AND STAFF REMAIN VIGILANT TO SUPPORT THE RESIDENTS, BUSINESSES, AND COMMUNITY STAKEHOLDERS TO NAVIGATE THESE TUMULTUOUS TIMES. WE WORKED CLOSELY WITH PARTNERS TO LEVERAGE RESOURCES TO PROVIDE OVER 4,000 COMMUNITY RESIDENTS WITH WEEKLY DINNERS, FRESH PRODUCE, AND PERSONAL PROTECTIVE EQUIPMENT. BBC ALSO PROVIDED RESIDENTS WITH RENTAL SUPPORT, GROCERIES FOR HOUSEHOLDS, AND SUPPORT WITH UTILITY BILLS. WE SUPPORTED 19 BUSINESS WITH RENTAL OR MORTGAGE ASSISTANCE AND TECHNICAL ASSISTANCE TO ENSURE THEY REMAIN VIABLE IN OUR COMMUNITY. WE COMPLETED THE FINANCING FOR COLFAX FAMILY HOMES, 36 SINGLE- FAMILY HOMES THAT WILL CREATE LOW- TO MODERATE-INCOME HOUSING OPTIONS IN THE KINSMAN NEIGHBORHOOD. THESE HOMES WILL CHANGE THE LANDSCAPE OF THE STREET AND COMMUNITY AS WE IMPLEMENT OUR NEIGHBORHOOD MASTER PLAN. THE ORGANIZATION IS SUPPORTED BY A FULLY VOLUNTEER BOARD OF TEN MEMBERS. THE ALL-VOLUNTEER BOARD SUPERVISES THE ORGANIZATION'S FINANCES AND MONITORS IT ACTIVITIES TO ENSURE BBC'S MISSION IS ACCOMPLISHED. THE BOARD MEMBERS ARE COMPRISED OF INDIVIDUALS WHO LIVE, WORK, AND SUPPORT THE GROWTH AND DEVELOPMENT OF THE TARGET AREAS WE SUPPORT.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0KEY PROGRAMS/SERVICES "BOXSPOT SMALL BUSINESS VENTURE "HEALTH & WELLNESS EDUCATION FOR YOUTH & ADULTS HOME REPAIR ASSISTANCE "PROGRAMS FOCUSING ON THE ARTS "RETAIL DEVELOPMENT "HOUSING DEVELOPMENT & OCCUPANCY "GREENSPACE DEVELOPMENT AND MAINTENANCE FISCAL AGENT SERVICES TO GRASS ROOTS "GROUPS NEIGHBORHOOD LANDSCAPING INITIATIVE. "INVESTMENT SCHOOL LEAD AGENCY "LAND ASSEMBLY "NEIGHBORHOOD PLANNING "TECHNICAL ASSISTANCE TO BUSINESSES & ENTREPRENEURS "VOLUNTEER INCOME TAX ASSISTANCE PROGRAM
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.1$17.8$5.38$4.43$5.20$0.77
2023Detailed filing. Detailed filing data is available for this year.$23.5$17.6$5.91$5.33$4.63$0.70
2022Detailed filing. Detailed filing data is available for this year.$23.9$17.6$6.33$4.30$4.41$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$15.6$6.44$3.17$3.10$0.07
2020Detailed filing. Detailed filing data is available for this year.$12.4$6.06$6.37$3.50$2.50$1.00
2019Detailed filing. Detailed filing data is available for this year.$9.75$4.38$5.37$3.14$2.45$0.69
2018Detailed filing. Detailed filing data is available for this year.$7.74$3.07$4.67$2.72$2.18$0.54
2017Detailed filing. Detailed filing data is available for this year.$6.95$2.81$4.14$3.61$2.24$1.37
2016Detailed filing. Detailed filing data is available for this year.$6.00$3.01$2.99$3.54$3.47$0.07
2015Detailed filing. Detailed filing data is available for this year.$5.94$3.02$2.92$2.41$2.55$0.14
2014Detailed filing. Detailed filing data is available for this year.$6.01$2.95$3.06$2.26$1.74$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$3.11$2.53$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$3.21$1.61$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$2.00$0.88$0.94