Civic Intelligence

Be Ready Community Development Corporation

990 • Fiscal year 2019 • EIN 51-0381849

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 10, 2020

Organization ProfileN/A
1411 W 4th StWilmington, DE 19805

(302) 655-2700

Siviq Scores

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

Liabilities / Assets

46th percentile

0.02x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

45th percentile

0.02x

Higher debt load relative to revenue than 45% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

99th percentile

783%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

567%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$705,482

Up $625,614 (+783%) from 2018

Net Assets

$691,405

No earlier filing loaded for comparison.

Liabilities

Down

$14,077

Down $45,670 (-76%) from 2018

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin98th percentile

Revenue

Up

$735,953

Up $625,623 (+567%) from 2018

Expenses

Down

$64,670

Down $17,893 (-22%) from 2018

Net Income

Up

$671,283

Up $643,516 (+2318%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$6.0M$4.0M$2.0M$0Assets 2016: $55,310Liabilities 2016: $50,0002016Assets 2017: $58,150Liabilities 2017: $65,7962017Assets 2018: $79,868Liabilities 2018: $59,7472018Assets 2019: $705,482Liabilities 2019: $14,077Net Assets 2019: $691,4052019Assets 2020: $1,630,248Liabilities 2020: $431,061Net Assets 2020: $1,199,1872020Assets 2021: $2,534,317Liabilities 2021: $1,191,473Net Assets 2021: $1,342,8442021Assets 2022: $4,961,010Liabilities 2022: $2,459,759Net Assets 2022: $2,501,2512022Assets 2023: $5,134,064Liabilities 2023: $2,400,986Net Assets 2023: $2,733,0782023

Highlighted filing

2019

Assets$705,482
Liabilities$14,077
Net Assets$691,405
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.5M$1.0M$500K$0Revenue 2016: $79,609Expenses 2016: $79,609Net Income 2016: $02016Revenue 2017: $97,770Expenses 2017: $97,000Net Income 2017: $7702017Revenue 2018: $110,330Expenses 2018: $82,563Net Income 2018: $27,7672018Revenue 2019: $735,953Expenses 2019: $64,670Net Income 2019: $671,2832019Revenue 2020: $656,577Expenses 2020: $148,795Net Income 2020: $507,7822020Revenue 2021: $326,024Expenses 2021: $182,367Net Income 2021: $143,6572021Revenue 2022: $1,430,946Expenses 2022: $272,539Net Income 2022: $1,158,4072022Revenue 2023: $1,028,542Expenses 2023: $796,715Net Income 2023: $231,8272023

Highlighted filing

2019

Revenue$735,953
Expenses$64,670
Net Income$671,283
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 10, 2020
Return Version
2019v5.1
Gross Receipts
$735,953
Mission and Program Overview

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.

To revitalize local communities by providing housing, education, social services, and recreation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$7,885$407,451▲ $399,566
Accounts Receivable$46,703$150,025▲ $103,322
Savings and Temporary Cash Investments-$137,586-
Prepaid Expenses and Deferred Charges$6,414$5,477▼ $937
Land, Buildings, and Equipment, Net$4,409$3,783▼ $626
Cash and Non-Interest-Bearing Accounts$13,446$531▼ $12,915
Total Assets$79,868$705,482▲ $625,614
Other Assets Total$1,011$629▼ $382
Liabilities
Accounts Payable and Accrued Expenses$58,851$13,677▼ $45,174
Unsecured Notes Loans Payable$845$350▼ $495
Other Liabilities$50$50→ $0
Total Liabilities$59,746$14,077▼ $45,669
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,122$691,405▲ $671,283
Total Net Assets Fund Balance$20,122$691,405▲ $671,283
Total Liabilities and Net Assets / Fund Balance$79,868$705,482▲ $625,614

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,783$7,707$11,490
Closely Held Equity Interests$407,451--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Lottie LeePresident
Emmanuel DeshieldsVice President
Regina RhodesMember
Margaret MoonTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$736,871
Program Service Revenue
$-2,074
Investment Income
$856
Other Revenue
$300
All Other Contributions
$731,971
Change in Net Assets
$671,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$17,571--$17,571
Occupancy$12,224$455-$12,679
Office Expenses$5,008$763-$5,771
Insurance$3,367$2,018-$5,385
Travel$3,866$78-$3,944
Depreciation Depletion-$2,207-$2,207
Conferences and Meetings$406$100-$506
Information Technology-$310-$310
Other Expenses$25$25-$25
Total Functional Expenses$58,428$6,242$0$64,670
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
Solomons Court Holding$50
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Prior to filing, a copy of form 990 is provided to the board of directors for review. The board of directors may comment on any proposed changes or suggestions to management. A formal board action is performed annually to approve form 990.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Be Ready Community Development
EIN
51-0381849
Phone
3026552700
Address
1411 W 4TH ST, WILMINGTON, DE 19805

Signing Officer

Name
Lottie Lee
Title
President
Phone
3026552700
Signed
2020-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lottie Lee
Formed
1998
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
18

Preparer

Firm
Bbd Llp
Address
1835 MARKET STREET 3RD FLOOR, PHILADELPHIA, PA 19103
Preparer
Jennifer Solot
Phone
2155677770
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other progrssional fees: program service expenses 17,571. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,571.”

Raw XML AppendixShowing 400 of 419 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0BE 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.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 300.
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IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt0407451
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt03783
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07707
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SOLOMONS COURT HOLDING
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03783
IRS990ScheduleD/TotalBookValueSecuritiesAmt0407451
IRS990ScheduleD/TotalLiabilityAmt050
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING, A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. THE BOARD OF DIRECTORS MAY COMMENT ON ANY PROPOSED CHANGES OR SUGGESTIONS TO MANAGEMENT. A FORMAL BOARD ACTION IS PERFORMED ANNUALLY TO APPROVE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER PROGRSSIONAL FEES: PROGRAM SERVICE EXPENSES 17,571. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,571.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0824204884
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.50000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0SOLOMONS COURT LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt0407451
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-15434
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/UBICodeVAmt0-15433
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt01411 W 4TH STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0WILMINGTON
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd019805
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt079868
IRS990/TotalAssetsEOYAmt0705482
IRS990/TotalAssetsGrp/BOYAmt079868
IRS990/TotalAssetsGrp/EOYAmt0705482
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0736871
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06242
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt058428
IRS990/TotalFunctionalExpensesGrp/TotalAmt064670
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt059746
IRS990/TotalLiabilitiesEOYAmt014077
IRS990/TotalLiabilitiesGrp/BOYAmt059746
IRS990/TotalLiabilitiesGrp/EOYAmt014077
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020122
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0691405
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt05716
IRS990/TotalProgramServiceExpensesAmt058428
IRS990/TotalProgramServiceRevenueAmt0-2074
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-2074
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0735953
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt079868
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0705482
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt078
IRS990/TravelGrp/ProgramServicesAmt03866
IRS990/TravelGrp/TotalAmt03944
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0845
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0350
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01411 W 4TH ST
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019805
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LOTTIE LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03026552700
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BE READY COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BERE
ReturnHeader/Filer/EIN0510381849
ReturnHeader/Filer/PhoneNum03026552700
ReturnHeader/Filer/USAddress/AddressLine1Txt01411 W 4TH ST
ReturnHeader/Filer/USAddress/CityNm0WILMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019805
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BD9A5248FD892EED72309E8CBFD61EFE5C549072

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$705,482
Liabilities
$14,077
Net assets
$691,405
Revenue
$735,953
Expenses
$64,670
Net income
$671,283
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$5.13$2.40$2.73$1.03$0.80$0.23
2022Detailed filing. Detailed filing data is available for this year.$4.96$2.46$2.50$1.43$0.27$1.16
2021Detailed filing. Detailed filing data is available for this year.$2.53$1.19$1.34$0.33$0.18$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.63$0.43$1.20$0.66$0.15$0.51
2019Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.69$0.74$0.06$0.67
2018Summary only. Only limited summary data is available for this year.$0.08$0.06$0.11$0.08$0.03
2017Summary only. Only limited summary data is available for this year.$0.06$0.07$0.10$0.10$0.00
2016Summary only. Only limited summary data is available for this year.$0.06$0.05$0.08$0.08$0.00