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)

4 risk indicators measuring financial stability and operational resilience

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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

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

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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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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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