Barefield Development Corporation EIN 23-3015761 Form 990 (PDF) Claim this org

Barefield Development Corporation

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Offers housing, jobs, and help to people with low incomes. For fiscal year 2024 it reported $579K in revenue, $677K in expenses, and $3.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Pottsville, PA
Website
www.barefielddevelopment.com
Filings
5 on file (2020–2024)
Revenue
$579KFY2024
Expenses
$677K
Net assets
$3.8M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-3015761 Public charity (501(c)(3)) Pottsville, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers housing, jobs, and help to people with low incomes.
Leadership
Craig Sl Shields · Ex.dir./Sec. · $41K
Money in and out
$579K revenue, $677K expenses
Bottom line
94% program efficiency
Where the money goes · FY2024
Total revenue
$579K
Pt VIII · Ln 12
Total expenses
$677K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$98K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▼ -168% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$579K
FY2024▼ -14%
Expenses
$677K
FY2024▼ -5%
Total assets
$4.6M
FY2024▼ -4%
Total liabilities
$718K
FY2024▼ -13%
Total revenue
$579K
Pt VIII · Ln 12
Total expenses
$677K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$98K
Total assetsPt X · Ln 16$4.6M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBarefield Development Corporation
EINHdr · item D23-3015761
Principal addressHdr · item CPottsville, PA
WebsiteHdr · item Jwww.barefielddevelopment.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFDec 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Ex.dir./Sec.
$41,400Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Asst. Sec.
$0Pt VII · Sec A
Asst. Treas.
$0Pt VII · Sec A

Craig Sl Shields’s $41K as Ex.dir./Sec. is at the 31st percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2021FY2020
Craig Sl Shields$41,400$41,400$38,500$27,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $634K of program spending, described in the organization's own filed words · FY2024.
01

Acquired donated apartment units and real estate, to be used to provide housing to low-income persons.

$611Kprogram expense
02

Education. The organization received a grant from the U.S. Department of education, the terms of which allow the organization to in turn grant some of the funds received to educational institutions.

$23Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$552K · 95%
Other revenue$25K · 4%
Program service revenue95%$552K
Other revenue4%$25K
Contributions & grants$500
Investment income$2K
Total revenueLn 12$579K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$634K
Management & general6%$44K
Total functional expensesLn 25$677K

Balance Sheet

Part X · end of year
CashLn 1$506K
Total assetsLn 16$4.6M
Total liabilitiesLn 26$718K
Total net assetsLn 32$3.8M
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $506K · Operating expenses/yr $677K
9.0 months
Where the money goes
Program services
Program services $634K · Total expenses $677K
94%
Management & General
Management & general $44K · Total expenses $677K
6%
Fundraising
Fundraising $0 · Total expenses $677K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $167
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $500 · Total revenue $579K
0.09%
Government reliance
Government grants — · Total revenue $579K
Earned-income share
Program service revenue $552K · Total revenue $579K
95%
Investment reliance
Investment income $2K · Total revenue $579K
+0.4%
Program self-sufficiency
Program service revenue $552K · Total expenses $677K
81%
Growth & trend
Revenue growth (YoY)
This year $579K · Prior year $673K
-14%
Revenue CAGR
FY2020 $445K · FY2024 $579K
+7%
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $579K · Expenses $677K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $4.6M
Net-asset ratio
Net assets $3.8M · Total assets $4.6M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Craig Sl Shields · Reported title EX.DIR./SEC. · Highest reported compensation $41K · Total expenses $677K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $158K · Total expenses $677K
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth -14%
Legal fee ratio 0.5%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$579K revenue · viewing · ⤓ 990 PDF
FY2023$673K revenue · ⤓ 990 PDF
FY2022$419K revenue · ⤓ 990 PDF
FY2021$467K revenue · ⤓ 990 PDF
FY2020$445K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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