Better Life Community Development Corporation Aka Better Life Cdc
Nonprofit profile at a glance
- EIN
- 871199633
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Tacoma, WA, USA
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $69,206
- Expenses
- $52,665
- Assets
- $27,168
- Liabilities
- $9,995
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CORNELL G HARRIS (EXECUTIVE DIRECTOR)
- JANICE Y HUNT-HARRIS (VICE PRESIDENT)
People named in this filing
- CORNELL G HARRIS (EXECUTIVE DIRECTOR)
- JANICE Y HUNT-HARRIS (VICE PRESIDENT)
- LEE WILLIAMS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Community resource advocate
What it reported doing in 2024
See shedule o
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 100
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.1%; rating input score 76
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 23.9%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 55.2%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 140.7% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 137.4% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 76.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $53K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.