SBC Development Corporation Inc
Nonprofit profile at a glance
- EIN
- 680558032
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3179250335
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $1,683,892
- Expenses
- $1,594,205
- Assets
- $568,217
- Liabilities
- $26,334
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- David Greene Sr (President)
- James Byers (Vice President)
Highest reported compensation
- David Greene Sr (President): $147,930 total reported compensation
- Ashley Hogue (Treasurer): $62,440 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the corporation is to provide charitable, societal improvement, health awareness, recreational and community outreach programs, housing rehabilitation, housing development, activities and seminars.
What it reported doing in 2024
The Corporation runs a street-based homeless outreach program where a team of individuals provides meals, clothing, blankets and emergency assistance to homeless persons on the street. SBCDC also provides a youth ministry program which includes Summer Camp and provides youths with cultural enrichment activities, arts & crafts, mathematics, science, drama, dance, reading, employment and training, conflict resolution, and a safe environment with loving, nuturing role models. They also provide a health and wellness ministry, The Ark of Healthy Living, which includes members trained in how to conduct HIV/AIDS outreach services. The services include education, seminars, screening, support, and counseling to families whose loved ones are infected with the virus, and providing information and referral services. SBC also provides a support service ministry for recovering alcohol and drug addicts. Referrals and professional counseling are also provided as an intervention strategy.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 94
- Accountability: 51
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.2%; rating input score 78
- Program expense ratio: 82.6%; rating input score 83
- Fundraising efficiency: $1,098.09 raised per $1 spent on fundraising; rating input score 98; 98th 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: 99.9%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 18th percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 11
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.3%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 8.1%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 23.7% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 78.2% of revenue deployed · 82.6% of spending went to programs
- Governance: 4 of 5 board members independent · 1 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $148K · 6 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- High — Accountability: Governance controls: 7 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Operating margin scored 51/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.