HARVEST COMMUNITY DEVELOPMENT CORPORATION INC

EIN: 830394346 501(c)(3) Community Improvement

NEW CASTLE, DE

Total Revenue
$2,541,599
Total Expenses
$2,304,170
Total Assets
$4,262,619
Net Assets
$1,091,767
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
DE
Principal Officer
RAYMOND D WILLIAMS
Phone
3026542611
Tax Period
2024-09-01 to 2025-08-31

HARVEST COMMUNITY DEVELOPMENT CORPORATION INC, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 9% surplus.

Mission

OUR PURPOSE IS TO EMPOWER KINGDOM CENTRIC LEADERS TO SERVE OUR STATE, OUR NATION, AND THE WORLD. OUR VISION IS EQUIPPING LEADERS TO LEAD IN THE 21ST CENTURY AND BEYOND. OUR MISSION IS TEACHING SELF DISCOVERY THROUGH A KINGDOM CENTRIC LEADERSHIP PROCESS.

Program Service Accomplishments

Program 1
Expenses: $1,375,669 Revenue: $1,650,337

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $884,186
Program Service Revenue $1,650,337
Investment Income $360
Other Revenue $6,716
TOTAL REVENUE $2,541,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,371,995
Fundraising Expenses $240,667
Program Expenses $1,375,669
Other Expenses $926,175
TOTAL EXPENSES $2,304,170

Year-over-Year Comparison

2024 2023 Change
Revenue $2,541,599 $1,818,481 +0.4%
Expenses $2,304,170 $1,804,329 +0.3%
Net Income $237,429 $14,152 +15.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
6
Employees
66
Volunteers
21

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$254,611
Total Directors
8
$254,611
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR RAYMOND D WILLIAMS PRESIDENT 40.00
Officer Director
$178,482 $0 $178,482
LETITIA W WILLIAMS TREASURER 40.00
Officer Director
$76,129 $0 $76,129
CARVELLA JACKSON SECRETARY 4.00
Officer Director
$0 $0 $0
WILLIAM MOORE DIRECTOR 4.00
Director
$0 $0 $0
BRIAN O'NEAL DIRECTOR 4.00
Director
$0 $0 $0
JOSHUA SCHAMBERGER DIRECTOR 4.00
Director
$0 $0 $0
RONALD MILES DIRECTOR 4.00
Director
$0 $0 $0
DEBORAH SHAW DIRECTOR 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,541,599 $2,304,170 $4,262,619 $237,429
2024 $1,818,481 $1,804,329 $4,027,084 $14,152
2023 $2,469,580 $2,870,862 $4,008,712 $-401,282
2022 $2,546,686 $2,732,109 $4,422,416 $-185,423
2021 $3,024,258 $2,578,968 $1,588,161 $445,290
2020 $3,088,896 $1,900,250 $1,359,379 $1,188,646
2019 $1,171,705 $1,171,082 $148,423 $623
2018 $970,371 $949,671 $128,912 $20,700
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