Civic Intelligence

Burten Bell Carr Development Corp

990 • Fiscal year 2022 • EIN 34-1657533

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

86th percentile

0.74x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

4.10x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

25th percentile

-2.6%

Higher net margin than 25% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

28th percentile

$119,922

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

69th percentile

8.8%

Faster asset growth than 69% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

35%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$23,935,099

Up $1,940,485 (+8.8%) from 2021

Net Assets

Down

$6,332,820

Down $109,806 (-1.7%) from 2021

Liabilities

Up

$17,602,279

Up $2,050,291 (+13%) from 2021

Revenue

Up

$4,298,012

Up $1,124,657 (+35%) from 2021

Expenses

Up

$4,407,818

Up $1,308,804 (+42%) from 2021

Net Income

Down

-$109,806

Down $184,147 (-248%) from 2021

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

2022

Assets$23,935,099
Liabilities$17,602,279
Net Assets$6,332,820

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

2022

Revenue$4,298,012
Expenses$4,407,818
Net Income-$109,806
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$4,298,012
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$12,802,757$16,409,795▲ $3,607,038
Other Notes and Loans Receivable, Net$3,938,939$4,125,982▲ $187,043
Pledges and Grants Receivable$945,842$1,026,234▲ $80,392
Savings and Temporary Cash Investments$934,897$617,252▼ $317,645
Cash and Non-Interest-Bearing Accounts$2,162,341$338,265▼ $1,824,076
Investments Program Related$341,016$154,034▼ $186,982
Prepaid Expenses and Deferred Charges$16,434$49,381▲ $32,947
Accounts Receivable$27,265$18,325▼ $8,940
Total Assets$21,994,614$23,935,099▲ $1,940,485
Other Assets Total$825,123$1,195,831▲ $370,708
Liabilities
Unsecured Notes Loans Payable$15,098,000$16,007,025▲ $909,025
Accounts Payable and Accrued Expenses$432,610$1,571,417▲ $1,138,807
Deferred Revenue$21,378$23,837▲ $2,459
Total Liabilities$15,551,988$17,602,279▲ $2,050,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,370,935$5,665,086▲ $294,151
Net Assets With Donor Restrictions$1,071,691$667,734▼ $403,957
Total Net Assets Fund Balance$6,442,626$6,332,820▼ $109,806
Total Liabilities and Net Assets / Fund Balance$21,994,614$23,935,099▲ $1,940,485

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,098,739$1,673,917$16,772,656
Land$591,896-$591,896
Equipment$533,366-$533,366
Other Land Buildings$185,794-$185,794
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joy JohnsonExecutive DiFT$119,922$119,922

Board Members and Trustees

NameTitle
Beverly OwensBoard Member
Christopher KingBoard Member
Dawn GlascoBoard Member
Jamie ParkerBoard Member
John Anthony OrlandoBoard Member
Mildred CephusBoard Member
Pamela GoodwinBoard Member
Runako StroudBoard Member
Larry JonesBoard Presid
David B RoneySecretary
Michael SchoopTreasurer
Bara WattsVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Tw All In OneProperty Mgmt27091 FULLERWOOD DR, Euclid, OH 44131$180,787
Revenue and Support

Revenue Composition

Contributions and Grants
$3,370,674
Program Service Revenue
$1,100,458
Investment Income
$-173,120
Other Revenue
$0
All Other Contributions
$2,058,608
Change in Net Assets
$-109,806

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,298,012
Total Revenue per Audited Statements
$4,298,012
Total Revenue per Form 990
$4,298,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,145,144
Salaries, Compensation, and Employee Benefits$1,262,674
Total Fundraising Expense$160,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,119,237$99,396$44,041$1,262,674
Fees for Services Accounting$545,552$224,642$99,173$869,367
Depreciation Depletion$215,619$21,709-$237,328
Fees for Services Other$155,706$67,261$2,891$225,858
Interest$129,265$7,325-$136,590
Occupancy$71,032$6,844-$77,876
Insurance$65,665$11,628-$77,293
Office Expenses$8,180$45,682$4,981$58,843
Travel$16,156$29,960-$46,116
Advertising$14,329$21,246$9,849$45,424
Other Expenses$17,913$412-$18,325
Total Functional Expenses$3,643,055$603,828$160,935$4,407,818

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,407,818
Total Expenses per Audited Statements$4,407,818
Total Expenses per Form 990$4,407,818
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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 12C

At the first board of the fiscal year each board member is requested to read the organization's conflict of interest policy. All members are requested to submit in writing any possible conflicts.

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 18

The federal form 990 is provided to anyone who submits a written request.

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 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
2023-05-15

Organization Details

Principal Officer
Joy Johnson
Formed
1990
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
260

Preparer

Firm
Mcmanamon & Co LLC
Address
1651 CROSSINGS PKWY D, WESTLAKE, OH 44145-1959
Preparer
Jeff Firestone CPA Cfe
Phone
4408928900
Supplemental Narrative

Additional Explanations

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

Bbc is comprised of a dynamic staff of seventeen highly dedicated and accomplished community development practitioners. Joy johnson, the executive director since may 2020, joined the organization in 2002. Ms. Johnson continues to 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 4D

During the 2021 fiscal year, bbc continued to rise to the challenges associated with the covid-19 global pandemic. 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. Other key programs and services include: "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

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 bbc's tax years that remain subject to examination by the internal revenue service are june 30, 2018 and forward .

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IRS990/MissionDesc0BBC'S MISSION IS TO EMPOWER CITIZENS, AND REVITALIZE BLIGHTED AND UNDERSERVED COMMUNITIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN 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.
IRS990/ProgSrvcAccomActy3Grp/Desc0BBC IS COMPRISED OF A DYNAMIC STAFF OF SEVENTEEN HIGHLY DEDICATED AND ACCOMPLISHED COMMUNITY DEVELOPMENT PRACTITIONERS. JOY JOHNSON, THE EXECUTIVE DIRECTOR SINCE MAY 2020, JOINED THE ORGANIZATION IN 2002. MS. JOHNSON CONTINUES TO 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.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DURING THE 2021 FISCAL YEAR, BBC CONTINUED TO RISE TO THE CHALLENGES ASSOCIATED WITH THE COVID-19 GLOBAL PANDEMIC. 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. OTHER KEY PROGRAMS AND SERVICES INCLUDE: "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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BBC 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 BBC'S TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE JUNE 30, 2018 AND FORWARD .
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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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