New Bethel Community Development Corporation EIN 77-0654511

New Bethel Community Development Corporation

EIN  77-0654511 Public charity (501(c)(3)) Biloxi, MS
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Size
<$100K
What they do
Builds affordable housing, provides transportation, offers disaster relief, and supports local economic growth.
Leadership
Kenneth E Hollins · Chief Executive Officer · $22K
Money in and out
$82K revenue, $791K expenses
Bottom line
97% program efficiency

Builds affordable housing, provides transportation, offers disaster relief, and supports local economic growth. For fiscal year 2024 it reported $82K in revenue, $791K in expenses, and $494K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$82K
Pt VIII · Ln 12
Total expenses
$791K
Pt IX · Ln 25
Net assets
$494K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$709K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
7.5mo
months of highly liquid reserves at operating expense rate▼ -94% vs prior filing year
Surplus margin
-862%
revenue over expenses, this year▼ -1050% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$82K
FY2024▼ -94%
Expenses
$791K
FY2024▲ +553%
Total assets
$495K
FY2024▼ -59%
Total liabilities
$1K
FY2024
Total revenue
$82K
Pt VIII · Ln 12
Total expenses
$791K
Pt IX · Ln 25
Net assets
$494K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$709K
Total assetsPt X · Ln 16$495K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $767K of program spending, described in the organization's own filed words · FY2024.
01

Provision of community services such as affordable housing, programs for at-risk-children, rapid response disaster relief and economic development focused on improving the lives of marginalized citizens.

$767Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Bethel Community Development Corporation
EINHdr · item D77-0654511
Principal addressHdr · item CBiloxi, MS
WebsiteHdr · item Jnewbethelcdc.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFOct 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$21,642Pt VII · Sec A
Financial Officer
$7,180Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kenneth E Hollins’s $22K as Chief Executive Officer is at the 50th percentile of top reported officer pay among 203 <$100K human services 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.

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Statement of Revenue

Part VIII
Contributions & grants$72K · 87%
Investment income$10K · 12%
Contributions & grants87%$72K
Investment income12%$10K
Other revenue$170
Total revenueLn 12$82K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$767K
Management & general3%$24K
Total functional expensesLn 25$791K

Balance Sheet

Part X · end of year
CashLn 1$495K
Total assetsLn 16$495K
Total liabilitiesLn 26$1K
Total net assetsLn 32$494K
Months of cash on handcomputed7.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $495K · Operating expenses/yr $791K
7.5 months
Where the money goes
Program services
Program services $767K · Total expenses $791K
97%
Management & General
Management & general $24K · Total expenses $791K
3%
Fundraising
Fundraising $0 · Total expenses $791K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $695K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $72K · Total revenue $82K
87%
Government reliance
Government grants — · Total revenue $82K
Earned-income share
Program service revenue $0 · Total revenue $82K
0%
Investment reliance
Investment income $10K · Total revenue $82K
+12%
Program self-sufficiency
Program service revenue $0 · Total expenses $791K
0%
Growth & trend
Revenue growth (YoY)
This year $82K · Prior year $1.3M
-94%
Revenue CAGR
FY2020 $115K · FY2024 $82K
-8%
Net-asset trend (YoY)
End of year $494K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $82K · Expenses $791K
-862%
Liabilities-to-Assets
Total liabilities — · Total assets $495K
Net-asset ratio
Net assets $494K · Total assets $495K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $495K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenneth E Hollins · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $22K · Total expenses $791K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $32K · Total expenses $791K
4%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth -94%
Accounting fee ratio 3%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$60K
Grants paid · 19 grants · $494K · 2023–2024
Mississippi Rising CoalitionMS · FY2024$123,336
Program BelieveMS · FY2024$46,500
Mississippi Education Organizing AssociationFY2024$38,204
Tupelo Mutual Aid INCMS · FY2024$29,550
New Bethel Missionary Baptist ChurchFY2024$24,000
One VoiceMS · FY2024$18,500
Hijra House AssociationMS · FY2024$16,800
Mississippi M O V EMS · FY2024$16,800
Immigrant Alliance for JusticeFY2024$14,000
Child Development InstituteLA · FY2024$10,000
Mississippi Farm to School NetworkCA · FY2024$10,000
Desoto Mutual Aid CollectiveMS · FY2024$10,000
Earth Island Institute INCCA · FY2024$10,000
Mississippi Rising CoalitionMS · FY2023$77,000
Petal Healing GardenMS · FY2023$14,000
Earth Island Institute INCCA · FY2023$9,400
See all 19 grants →

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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)$82K revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022not on file
FY2021$161K revenue · ⤓ 990 PDF
FY2020$115K 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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