Civic Intelligence

Bdc Community Capital Corporation

EIN 90-1249297 • 501(c)3 • Wakefield, MA

Profile

Promoting community development by providing access to credit, capital, and financial services to economically distressed communities in new england.

500 Edgewater Drive 555Wakefield, MA 01880

www.bdccommunitycapitalcorp.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.88x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

9.72x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

95th percentile

63%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

19%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,810,171

Down $36,847 (-0.5%) from 2022

Liabilities

Up

$6,326,003

Up $28,543 (+0.5%) from 2022

Net Assets

Down

$1,484,168

Down $65,390 (-4.2%) from 2022

Revenue

Down

$968,960

Down $125,409 (-11%) from 2022

Expenses

Up

$934,350

Up $217,789 (+30%) from 2022

Net Income

Down

$34,610

Down $343,198 (-91%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $4,315,490Liabilities 2019: $4,040,825Net Assets 2019: $274,6652019Assets 2020: $3,201,293Liabilities 2020: $3,131,417Net Assets 2020: $69,8762020Assets 2021: $1,391,750Liabilities 2021: $220,000Net Assets 2021: $1,171,7502021Assets 2022: $7,847,018Liabilities 2022: $6,297,460Net Assets 2022: $1,549,5582022Assets 2023: $7,810,171Liabilities 2023: $6,326,003Net Assets 2023: $1,484,1682023

Highlighted filing

2023

Assets$7,810,171
Liabilities$6,326,003
Net Assets$1,484,168

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Revenue 2019: $166,356Expenses 2019: $141,694Net Income 2019: $24,6622019Revenue 2020: $287,232Expenses 2020: $242,021Net Income 2020: $45,2112020Revenue 2021: $1,401,067Expenses 2021: $299,192Net Income 2021: $1,101,8752021Revenue 2022: $1,094,369Expenses 2022: $716,561Net Income 2022: $377,8082022Revenue 2023: $968,960Expenses 2023: $934,350Net Income 2023: $34,6102023

Highlighted filing

2023

Revenue$968,960
Expenses$934,350
Net Income$34,610

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 3, 2023
Return Version
2022v5.0
Gross Receipts
$1,094,369
Mission and Program Overview

Mission

Promoting community development by providing access to credit, capital, and financial services to economically distressed communities in new england.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,039,886$5,153,207▲ $4,113,321
Investments Program Related-$2,000,000-
Cash and Non-Interest-Bearing Accounts$16,826$632,811▲ $615,985
Accounts Receivable$335,038$61,000▼ $274,038
Total Assets$1,391,750$7,847,018▲ $6,455,268
Liabilities
Other Liabilities$0$6,251,091▲ $6,251,091
Deferred Revenue$170,000--
Accounts Payable and Accrued Expenses$50,000$46,369▼ $3,631
Total Liabilities$220,000$6,297,460▲ $6,077,460
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,171,750$1,449,558▲ $277,808
Net Assets With Donor Restrictions-$100,000-
Total Net Assets Fund Balance$1,171,750$1,549,558▲ $377,808
Total Liabilities and Net Assets / Fund Balance$1,391,750$7,847,018▲ $6,455,268

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,000,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul F Flynn JrPres. (thru 7/12/22) & Board Chair
Karim HillPresident (as of 7/12/22)
JOSEPH O'GARRODirector
Keon HolmesDirector
Lynn HarwellDirector
Melvin MillerDirector
Nyiah NoelDirector
Stacy TownsendDirector
Patrick SmithDirector (thru 7/12/22)
John L HackettCFO, Treasurer, & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$695,000
Program Service Revenue
$399,369
Investment Income
$0
Other Revenue
$0
All Other Contributions
$300,000
Change in Net Assets
$377,808

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,094,369
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,094,369
Total Revenue per Form 990
$1,094,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$716,561
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
Interest$167,242--$167,242
Fees for Services Other$146,300$12,052-$158,352
Fees for Services Accounting-$41,000-$41,000
Other Expenses$49,275$692-$692
Total Functional Expenses$662,817$53,744$0$716,561

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$716,561
Total Expenses per Audited Statements$716,561
Total Expenses per Form 990$716,561
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Revolving Note Payable to Mbdc$6,251,091
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is prepared by bdc community capital corporation's independent accounting firm, rsm us llp. The return is then reviewed by the organization's treasurer and president prior to filing.

Form 990, Part VI, Section B, Line 12C

Officers and directors are polled annually regarding conflicts of interest.

Form 990, Part VI, Section C, Line 19

Bdc community capital corporation's by-laws, charter, financial statements and certain other governing documents (e.g., conflict of interest policy), are available for review upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Bdc Community Capital Corporation
EIN
90-1249297
Phone
7819281100
Address
500 EDGEWATER DRIVE 555, WAKEFIELD, MA 01880

Signing Officer

Name
Karim Hill
Title
President
Phone
7819281100
Signed
2023-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karim Hill
Formed
2017
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Rsm US Llp
Address
30 SOUTH 17TH STREET SUITE 710, PHILADELPHIA, PA 19103
Preparer
MICHELLE O'NEILL
Phone
2157654600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 14,000. Management and general expenses 352. Fundraising expenses 0. Total expenses 14,352. Professional services : program service expenses 132,300. Management and general expenses 11,700. Fundraising expenses 0. Total expenses 144,000.

Financial Statement Notes

PART X, LINE 2:

Bdc community capital corporation (bdccc) is generally exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Bdccc qualifies for charitable contribution deductions and has been classified as a company that is not a private foundation. Income, which is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. Bdccc did not have any significant unrelated business income tax for the year ended december 31, 2022. Management evaluated bdccc's tax positions and concluded that bdccc had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Consequently, no accrual for interest and penalties was deemed necessary for the year ended december 31, 2022. Bdccc files income tax returns in the u.s. Federal and state jurisdictions.

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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01401067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0287232
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0166359
IRS990ScheduleA/Total509Grp/TotalAmt02949027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01094369
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0287232
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0166359
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02949027
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0716561
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REAL ESTATE INVESTMENT FUND
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06251091
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REVOLVING NOTE PAYABLE TO MBDC
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01094369
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BDC COMMUNITY CAPITAL CORPORATION (BDCCC) IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BDCCC QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS A COMPANY THAT IS NOT A PRIVATE FOUNDATION. INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. BDCCC DID NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED DECEMBER 31, 2022. MANAGEMENT EVALUATED BDCCC'S TAX POSITIONS AND CONCLUDED THAT BDCCC HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEAR ENDED DECEMBER 31, 2022. BDCCC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt06251091
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY BDC COMMUNITY CAPITAL CORPORATION'S INDEPENDENT ACCOUNTING FIRM, RSM US LLP. THE RETURN IS THEN REVIEWED BY THE ORGANIZATION'S TREASURER AND PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS ARE POLLED ANNUALLY REGARDING CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BDC COMMUNITY CAPITAL CORPORATION'S BY-LAWS, CHARTER, FINANCIAL STATEMENTS AND CERTAIN OTHER GOVERNING DOCUMENTS (E.G., CONFLICT OF INTEREST POLICY), ARE AVAILABLE FOR REVIEW UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING: PROGRAM SERVICE EXPENSES 14,000. MANAGEMENT AND GENERAL EXPENSES 352. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,352. PROFESSIONAL SERVICES : PROGRAM SERVICE EXPENSES 132,300. MANAGEMENT AND GENERAL EXPENSES 11,700. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 144,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0662817
IRS990/TotalFunctionalExpensesGrp/TotalAmt0716561
IRS990/TotalGrossUBIAmt00
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IRS990/WebsiteAddressTxt0WWW.BDCCOMMUNITYCAPITALCORP.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KARIM HILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07819281100
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BDC COMMUNITY CAPITAL CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BDCC
ReturnHeader/Filer/EIN0901249297
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030 SOUTH 17TH STREET SUITE 710
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA

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