Be Ready Community Development Corporation

Nonprofit profile at a glance

EIN
510381849
IRS 990 coverage
2019–2023
Forms available
Form 990 2023, Form 990-N 2015
Location
Wilmington, DE, USA
Phone
3026552700
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Recreational Centers

Official website

Reported finances

Revenue
$1,028,542
Expenses
$796,715
Assets
$5,134,064
Liabilities
$2,400,986

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • emmanuel Deshields (president)
  • margaret Moon (vice President)

Highest reported compensation

  • emmanuel Deshields (president): $16,084 total reported compensation
  • Regina Rhodes (Secretary): $9,243 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

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.

What it reported doing in 2023

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 48% for direct work, and 52% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 94
  • Accountability: 72
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.9%; rating input score 75
  • Program expense ratio: 96.7%; rating input score 97
  • Fundraising efficiency: $47.14 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.8%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 22.5%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 6.44; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.47; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 3.2%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 51.7% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 14.1% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 39.2% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 74.9% of revenue deployed · 96.7% of spending went to programs
  • Governance: 4 of 4 board members independent · 3 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $771K in reported program spending
  • Leadership: top reported pay $16K · 4 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.