Quick charity verification for Cade Development Corporation Inc (EIN: 205022456)
Verdict: Cade Development Corporation Inc has notable concerns
30/100Mission Score
$0Revenue
$0Assets
4Red Flags
3Strengths
Red Flags
Zero revenue in the latest filing (201512) despite significant assets.
Extremely low expenses relative to assets, suggesting minimal operational activity or impact.
Consistent 0% officer compensation, which can raise questions about leadership structure and sustainability.
Lack of clear program spending given the minimal overall expenses, making it difficult to assess mission fulfillment.
Strengths
No reported liabilities across all filing periods, indicating strong financial solvency.
Significant asset base (over $575,000 in 2015) provides potential for future activities.
Consistent IRS 990 filing history demonstrates compliance with reporting requirements.
Spending Breakdown
How Cade Development Corporation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Cade Development Corporation Inc
Is Cade Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cade Development Corporation Inc (EIN: 205022456) has notable concerns. Mission Score: 30/100. 4 red flags identified, 3 strengths noted.
Is Cade Development Corporation Inc a good charity to donate to?
Cade Development Corporation Inc has a Mission Score of 30/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cade Development Corporation Inc?
The Employer Identification Number (EIN) for Cade Development Corporation Inc is 205022456. 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 Cade Development Corporation Inc spend its money?
Cade Development Corporation Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cade Development Corporation Inc's tax-exempt status?
You can verify Cade Development Corporation Inc's tax-exempt status using EIN 205022456 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
Cade Development Corporation Inc appears to be a holding company or an organization with minimal operational activity, as indicated by its consistent reporting of zero or very low expenses and revenue in recent years. For example, in 2015, the organization reported $0 in revenue and only $690 in expenses, despite holding over half a million dollars in assets. This trend of low activity continued into 2014, with $259,000 in revenue but only $710 in expenses. The significant discrepancy between assets and operational spending, coupled with zero reported officer compensation across all filings, suggests that the organization may not be actively engaged in program delivery or has a very specific, non-cash-intensive operational model. The lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the overall low expenditure levels.
The organization's transparency is moderate. While it consistently files its IRS Form 990, the minimal financial activity reported raises questions about its current purpose and how its substantial assets are being utilized or managed. The absence of liabilities across all reported periods is a positive indicator of financial stability, but the lack of revenue generation in the latest period, combined with negligible expenses, suggests a dormant or very limited operational status. Further investigation into the nature of its assets and any related entities would be necessary to fully understand its financial health and impact.