Harvest Community Development Corporation Inc

Nonprofit profile at a glance

EIN
830394346
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
New Castle, DE, USA
Phone
3026542611
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development
Affiliation
Christianity

Official website

Reported finances

Revenue
$2,541,599
Expenses
$2,304,170
Assets
$4,262,619
Liabilities
$3,170,852

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • DR RAYMOND D WILLIAMS (PRESIDENT)

Highest reported compensation

  • DR RAYMOND D WILLIAMS (PRESIDENT): $178,482 total reported compensation
  • LETITIA W WILLIAMS (TREASURER): $76,129 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our purpose is to empower kingdom centric leaders to serve our state, our nation, and the world. Our vision is equipping leaders to lead in the 21st century and beyond. Our mission is teaching self discovery through a kingdom centric leadership process.

What it reported doing in 2024

Harvest community development corporation has had many accomplishments. First, we have had accomplishments in our school program in kindergarten through 6th grade as well as our high school program which is 7 through 12. We have also have a successful daycare in newcastle providing quality care for our parents while they work in the workforce. Secondly, we have been empowering and equipping our students to be productive citizens of our state, nation and our world. Thirdly, through our educational programs we have help families become first time homebuyers. Through educating them with the process of becoming homeowners we have helped several families complete this process and become successful homeowners. Increased our outreach program in the community (food give aways, after school activities). Purchase our new building to house all our programs. Our 1st graduating class of high school seniors. We also provide free adult education classes, free financial classes, and free matial art classes.

Operating model

Revenue model
Earned-program. 65% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 70
  • Accountability: 67
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.1%; rating input score 54
  • Program expense ratio: 59.7%; rating input score 60
  • Fundraising efficiency: $3.67 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 9.3%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 1.85; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 11.1%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 27.6% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 54.1% of revenue deployed · 59.7% of spending went to programs
  • Governance: 6 of 8 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.4M in reported program spending
  • Leadership: top reported pay $178K · 8 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • High — Financial Efficiency: Fundraising efficiency scored 11/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.