Harvest Community Development Corporation
- Assets
- $4.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 79
- Location
- New Castle, DE
- Founding
- 07/2009
- Data as of
- 12/2023
- EIN
- 83-0394346
Organization Overview
Harvest Community Development Corporation is located in New Castle, DE. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Harvest Community Development Corporation employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvest Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Harvest Community Development Corporation generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSON OF HARVEST COMMUNITY DEVELOPMENT CORPORATION IS TO BUILD STRONG FAMILIES WITHIN OUR COMMUNITY, ENHANCING THE QUALITY OF LIFE OF OUR FAMILIES THROUGH EDUCATION, ECONOMICS, AND COMMUNITY DEVELOPMENT. MAINTAINING CONSISTENT COLLABORATION WITH OUR LOCAL BUSINESS OWNERS, CORPORATIONS, FINANCIAL INSTITUTIONS, SCHOOLS, CHURCHES, AND GOVERNMENT AGENCIES. TO EMPOWER AND EQUIP PEOPLE TO LEAD THROUGH A KINGDOM CENTRIC PROCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Raymond D Williams President | OfficerTrustee | 40 | $150,183 |
Letitia W Williams Director | OfficerTrustee | 40 | $69,425 |
Doreen Ryan Treasurer | OfficerTrustee | 4 | $0 |
Robert Ingram Vice President | OfficerTrustee | 4 | $0 |
Carvella Jackson Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,566 |
| Total Program Service Revenue | $2,210,023 |
| Investment income | $741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,469,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,108 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,276,008 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,387 |
| Payroll taxes | $99,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,304 |
| Advertising and promotion | $34,713 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,563 |
| Travel | $26,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $151,466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,371 |
| Insurance | $46,273 |
| All other expenses | $324,610 |
| Total functional expenses | $2,870,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $37,925 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,965,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,008,712 |
| Accounts payable and accrued expenses | $4,577 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,908,884 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $255,065 |
| Total liabilities | $3,168,526 |
| Net assets without donor restrictions | $840,186 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,008,712 |