Is Broad Moor Development Corporation…

Quick charity verification for Broad Moor Development Corporation (EIN: 204885751)

Red Flags

Zero revenue reported in the two most recent fiscal periods (2023 and 2022).
Significant and consistent decline in total assets over the past decade, from $2,899,776 in 2013 to $1,011,031 currently.
Expenses incurred ($20,879 in 2023, $29,891 in 2022) without any reported revenue to offset them.
Negative revenue reported in 2015 (-$212,416), indicating substantial financial losses or adjustments.
Lack of detailed expense breakdown makes it difficult to assess program efficiency.

Spending Breakdown

How Broad Moor Development Corporation allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Broad Moor Development Corporation

Is Broad Moor Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Broad Moor Development Corporation (EIN: 204885751) has notable concerns. Mission Score: 30/100. 5 red flags identified, 1 strength noted.

Is Broad Moor Development Corporation a good charity to donate to?

Broad Moor Development Corporation has a Mission Score of 30/100. Revenue: $0. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Broad Moor Development Corporation?

The Employer Identification Number (EIN) for Broad Moor Development Corporation is 204885751. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Broad Moor Development Corporation spend its money?

Broad Moor Development Corporation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Broad Moor Development Corporation's tax-exempt status?

You can verify Broad Moor Development Corporation's tax-exempt status using EIN 204885751 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Broad Moor Development Corporation exhibits significant financial instability and a lack of transparency regarding its operational activities. The organization has reported zero revenue in its two most recent filings (2023 and 2022), while still incurring expenses of $20,879 and $29,891 respectively. This trend of minimal to no revenue, coupled with ongoing expenses, raises concerns about its long-term sustainability and the source of funds covering these costs. The substantial decrease in assets from a peak of $2,899,776 in 2013 to $1,011,031 currently, alongside fluctuating liabilities, indicates a challenging financial trajectory.

The organization's spending efficiency is difficult to assess without a clear breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the consistent reporting of zero officer compensation across all available filings suggests a volunteer-led or minimally compensated leadership structure, which can be a positive indicator of resource allocation. Despite this, the absence of revenue in recent years makes any expense, no matter how small, appear inefficient if it's not directly tied to a funded program.

Transparency is a major concern due to the lack of detailed financial information beyond top-line figures. The NTEE code P20 (Housing Development, Construction & Management) suggests a mission that typically involves significant financial transactions and community impact, yet the recent filings show no activity in terms of revenue generation. This discrepancy warrants further investigation to understand the organization's current operational status and how it is fulfilling its mission, if at all, given its financial state.

Is Broad Moor Development Corporation Legit?

Verdict: Broad Moor Development Corporation has notable concerns