BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP
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BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP
EIN: 65-0971509
as of November 2023
as of November 13, 2023
Mission
Promote the economic revitalization of the community through homeownership, develop and sustain partnerships for efficient use of resources, improved and increase the delivery of social services in the community to children and families. The mission of the Boynton Beach Faith-Based CDC, Inc. is to promote economic revitalization of the community through homeownership, develop and sustain partnerships for efficient use of resources, improved and increase the delivery of social services in the community to children and families by creating a healthy community through nutrition education, social services and economic development programs.
Ruling year
2000
Executive Director
Ms. Keturah Joseph
Social Service Department Director
Ms Sharon Johnson-Frew
Main address
2191 N Seacrest Blvd
Boynton Beach, FL 33435 USA
EIN
65-0971509
Housing development
Housing for people with disabilities
Rent and mortgage assistance
Homeless services
Senior services
Population served
Seniors
Homeless people
Low-income people
People with HIV/AIDS
Chronically ill people
NTEE code
Housing Development, Construction, Management (L20)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Housing, Social Services & Economic Development
- 1st Time Homebuyer's Program - provided 360 newly constructed homes
- Supportive Housing - Since 2017, provides a 8-bed woman's campus and a 20-bed men's campus
- Emergency Owner Occupied Senior Rehab Program - 2022- 24 In process of taking applications and completing est 36 units with $25,000 to $30,000 in emergency repairs.
- Affordable Senior Rentals - 2023 Completing Acquisition of 4 rentals,
Social Services - Basic essential services of food, shelter and financial aid. Two impact areas: Farther Outreach program for homeless, and an "Aging In Place" Elder Care program that addresses food insecurity with pantry deliveries to homebound, home delivered healthy meals & fresh produce, senior isolation by providing social activities, and nutrition & health and wellness education.
Economic Development - Non-profit-market component called CDC's Buyer's Club offering monthly savings on wholesale bulk purchases of meat, fish and poultry products. Workforce Training to begin in 2024.
Where we work
External reviews
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
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What challenges does the organization face when collecting feedback?
We don't have any major challenges to collecting feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2021 info
1.94
Months of cash in 2021 info
7.4
Fringe rate in 2021 info
13%
Funding sources info
Assets & liabilities info
Financial data
BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP
Revenue & expensesFiscal Year: Jan 01 - Dec 31
BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP
Financial trends analysis Glossary & formula definitionsFiscal Year: Jan 01 - Dec 31
This snapshot of BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | -$133,973 | $52,452 | -$30,787 | $167,200 | $16,489 |
| As % of expenses | -43.3% | 16.7% | -8.1% | 30.0% | 3.2% |
| Unrestricted surplus (deficit) after depreciation | -$133,973 | $52,452 | -$61,665 | $136,322 | $16,489 |
| As % of expenses | -43.3% | 16.7% | -15.0% | 23.1% | 3.2% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $175,464 | $366,529 | $349,095 | $706,357 | $529,466 |
| Total revenue, % change over prior year | -38.3% | 108.9% | -4.8% | 102.3% | -25.0% |
| Program services revenue | 28.9% | 0.0% | 0.4% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Government grants | 78.5% | 26.0% | 56.9% | 55.3% | 34.1% |
| All other grants and contributions | 4.3% | 3.5% | 3.7% | 0.0% | 40.8% |
| Other revenue | -11.6% | 70.5% | 39.0% | 44.7% | 25.1% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $309,437 | $314,077 | $379,882 | $558,097 | $512,629 |
| Total expenses, % change over prior year | 4.8% | 1.5% | 21.0% | 46.9% | -8.1% |
| Personnel | 48.6% | 43.4% | 32.8% | 28.7% | 54.4% |
| Professional fees | 6.7% | 6.4% | 5.5% | 3.6% | 3.9% |
| Occupancy | 4.6% | 5.3% | 5.4% | 2.8% | 0.0% |
| Interest | 6.2% | 5.6% | 5.4% | 4.9% | 2.6% |
| Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other expenses | 33.9% | 39.3% | 50.8% | 59.9% | 39.1% |
| Full cost components (estimated) info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $309,437 | $314,077 | $410,760 | $588,975 | $512,629 |
| One month of savings | $25,786 | $26,173 | $31,657 | $46,508 | $42,719 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
| Total full costs (estimated) | $335,223 | $340,250 | $442,417 | $635,483 | $555,348 |
Capital structure indicators
| Liquidity info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Months of cash | 15.3 | 21.4 | 9.3 | 8.3 | 7.4 |
| Months of cash and investments | 15.3 | 21.4 | 9.3 | 8.3 | 9.0 |
| Months of estimated liquid unrestricted net assets | 63.4 | 64.5 | 51.4 | 37.9 | 41.7 |
| Balance sheet composition info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Cash | $393,593 | $561,242 | $293,027 | $385,649 | $317,625 |
| Investments | $0 | $0 | $0 | $0 | $66,995 |
| Receivables | $448,527 | $428,815 | $443,395 | $432,678 | $387,693 |
| Gross land, buildings, equipment (LBE) | $11,367 | $11,367 | $11,367 | $11,367 | $11,367 |
| Accumulated depreciation (as a % of LBE) | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Liabilities (as a % of assets) | 14.1% | 11.7% | 24.8% | 14.3% | 8.8% |
| Unrestricted net assets | $1,635,655 | $1,688,107 | $1,626,442 | $1,762,764 | $1,779,253 |
| Temporarily restricted net assets | $0 | $0 | N/A | N/A | N/A |
| Permanently restricted net assets | $0 | $0 | N/A | N/A | N/A |
| Total restricted net assets | $0 | $0 | $0 | $0 | $0 |
| Total net assets | $1,635,655 | $1,688,107 | $1,626,442 | $1,762,764 | $1,779,253 |
Key data checks
| Key data checks info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Ms. Keturah Joseph
Keturah T. Joseph
846 Gazetta Way, West Palm Beach, FL 33413
Home Phone: (561) 228-1143 Cell: (561) 309-8084
Email: [email protected]
Professional Profile
Over 26 years of management experience within diverse environments
Seasoned affordable housing professional
Over 25 years of experience in developing, planning, implementing and directing housing and community development programs
Over 21 years of real estate sales experience
In-depth knowledge of federal regulations of CDBG, HOME, NSP and State (SHIP) housing programs
Able to effectively and positively deal with government officials as well as private clients and consultants
Sound knowledge of mortgage lending criteria and experience in credit analysis, and underwriting
Solution-focused and results driven with prove ability to meet programmatic and budgetary requirements
Strong leadership, organizational and communication skills
Social Service Department Director
Sharon Johnson-Frew
Seasoned professional with experience in Nonprofit Organizations, Public Policy & policy development for nonprofit and government entities. Capacity Building: Executive Management of several public private partnerships across a range of sectors - Education (K-12), Healthcare, Economic Development/Trade associations; Nonprofit Sector Leadership/Program Evaluation (Program Development / Foundation). Passionate about Community Development work related to improving quality of life.
Number of employees
Source: IRS Form 990
BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP
Highest paid employeesSOURCE: IRS Form 990
Compensation data
BOYNTON BEACH FAITH BASED COMMUNITY DEV CORP
Board of directorsas of 09/05/2023
Board of directors data
Mr. Alexander Edmonds
PBC School District Retired Teacher
Term: 2012 - 2026
Ms. Carlene Elliot
PBC School District - Retired Administrator
Term: 2006 - 2026
Courtney Cain
Retired City of BB Employee
Cheryl Banks
Regions Bank
Frances Francis
Retired Banker
Karen Jacobs
Ball Park of the PB, Marketing
Yvonne Odom
PBC School District Retired Teacher
Al Pace
Lowes - Telecommunications
Hebert McIntosh
Accounting Services Retired
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
The organization's co-leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 09/05/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
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- Contractor and/or Paid Preparer data for 2021, 2020, 2019
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