Boynton Beach Faith Based Community Dev Corp FY2020 filing

Tax-deductible

Boynton Beach, FL501(c)(3)HousingEIN 65-0971509Revenue $706K in FY2020

On file with the IRS2191 N Seacrest Blvd, 33435-2289 · Boynton Beach, FLTax-exempt since Oct 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To develop sustainable communities through services that include home ownership and financial education resulting in spritual and economic

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $88K a year · 12% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $43K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$293K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$706K
Spent
$589K
To programs
75%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$706K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$706K
FY2021$529K
FY2022$746K
FY2024$1.0M
Expenses
$589K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$589K
FY2021$513K
FY2022$738K
FY2024$1.5M
Net assets
$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$1.8M
FY2024$1.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $444K Management & general 25% · $145K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$67,500Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Social Servi
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Christopher Plummer’s $29K as Executive Director is at the 3rd percentile of top reported officer pay among 2036 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Keturah Joseph—$67,500$67,500$67,500
Christopher Plummer$28,658———

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.

See Boynton Beach Faith Based Community Dev Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds sustainable communities through homeownership and financial education for spiritual and economic growth.

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Provided by the organization

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1 program · $444K · in their own filed words · FY2020
01

Organization assisted families in acquring homes

$444Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$43K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$706K
Ln 12
Gifts and grantsLn 1h$390K
Investment incomeLn 3$216K
Other incomeLn 4–11$100K
Money outPt IX
$589K
Ln 25
Programscol B$444K
Managementcol C$145K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$386K
Total assetsLn 16$2.1M
LiabilitiesLn 26$293K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$390K
Government grantsLn 1e$390K
Investment incomeLn 3$216K
Other incomeLn 4–11$100K
Gains on assetsLn 7$216K
Total revenueLn 12$706K
Assets in detailPt X, end of year
CashLn 1$386K
Cash and savings togetherLn 1–2$386K
Other assetsLn 15$1.2M
Total assetsLn 16$2.1M
LiabilitiesLn 26$293K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 58
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$293K$386K
Total assetsLn 16$2.2M$2.1M
LiabilitiesLn 26$536K$293K
Net assetsLn 32$1.6M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$14K$54K
Other salaries and wagesLn 7$67K$13K$54K
Other employee benefitsLn 9$14K$3K$11K
Payroll taxesLn 10$12K$2K$9K
Accounting feesLn 11c$20K$16K$4K
Office expensesLn 13$6K$5K$1K
Information technologyLn 14$6K$5K$1K
OccupancyLn 16$15K$15K$155
TravelLn 17$556$556
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$19K$17K$2K
Other expenses (24a–d)Ln 24$283K$276K$8K
All other expensesLn 24e$19K$19K
Total functional expensesLn 25$589K$444K$145K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.5M−$494K$1.4M 990 PDF
FY2023 Not on file
FY2022 $746K$738K$8K$1.8M 990 PDF
FY2021 $529K$513K$17K$1.8M 990 PDF
FY2020 Viewing $706K$589K$117K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $706,357 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $211,374$390,469
I-9 Program service revenuePrior year $1,500$0
I-10 Investment incomePrior year $32,828$216,268
I-11 Other revenuePrior year $103,393$99,620
I-12 Total revenuePrior year $349,095$706,357
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $124,757$160,195
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $286,003$428,780
I-18 Total expensesPrior year $410,760$588,975
I-19 Revenue less expensesPrior year −$61,665$117,382
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $706,357 across 5 lines filed
VIII-1e Government grants$390,469
VIII-1h Total contributions, gifts and grants$390,469
VIII-6 Net rental income or lossRelated to mission $99,620$99,620
VIII-7 Net gain or loss on sales of assetsRelated to mission $216,268$216,268
VIII-12 Total revenueRelated to mission $315,888$706,357
Part IX · Statement of functional expenses $588,975 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13,500 · Management $54,000$67,500
IX-7 Other salaries and wagesPrograms $13,432 · Management $53,730$67,162
IX-9 Other employee benefitsPrograms $2,733 · Management $10,930$13,663
IX-10 Payroll taxesPrograms $2,374 · Management $9,496$11,870
IX-11c Accounting feesPrograms $16,272 · Management $4,068$20,340
IX-13 Office expensesPrograms $5,162 · Management $1,290$6,452
IX-14 Information technologyPrograms $4,662 · Management $1,166$5,828
IX-16 OccupancyPrograms $15,318 · Management $155$15,473
IX-17 TravelManagement $556$556
IX-20 InterestPrograms $27,604$27,604
IX-22 Depreciation, depletion and amortizationPrograms $30,878$30,878
IX-23 InsurancePrograms $17,326 · Management $1,925$19,251
IX-24 Other expenses (24a–d)Programs $275,736 · Management $7,562$283,298
IX-24e All other expensesPrograms $19,100$19,100
IX-25 Total functional expensesPrograms $444,097 · Management $144,878 · Fundraising $0$588,975
Part X · Balance sheet $2,055,821 assets, 10 lines filed
Asset lines not itemized here account for $389,738; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $293,027$385,649
X-4 Accounts receivableStart of year $25,104$42,940
X-15 Other assetsStart of year $1,425,962$1,237,494
X-16 Total assetsStart of year $2,162,384$2,055,821
X-17 Accounts payable and accrued expensesStart of year $2,550$4,834
X-25 Other liabilitiesStart of year $533,392$288,223
X-26 Total liabilitiesStart of year $535,942$293,057
X-27 Net assets without donor restrictionsStart of year $1,626,442$1,762,764
X-32 Total net assets or fund balancesStart of year $1,626,442$1,762,764
X-33 Total liabilities and net assetsStart of year $2,162,384$2,055,821
Part XI · Reconciliation of net assets $1,762,764 net assets at year end
XI-1 Total revenue$706,357
XI-2 Total expenses$588,975
XI-3 Revenue less expenses$117,382
XI-4 Net assets at start of year$1,626,442
XI-9 Other changes in net assets$18,940
XI-10 Net assets at end of year$1,762,764

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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