Quick charity verification for Ccrc Development Corporation (EIN: 203537708)
Verdict: Ccrc Development Corporation shows mixed signals
45/100Mission Score
$23.7MRevenue
$169.6MAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue, e.g., $12M expenses vs. $6.2M revenue in 2022).
Liabilities frequently exceed assets (e.g., $232.5M liabilities vs. $211.9M assets in 2022), indicating a highly leveraged financial position.
Zero revenue reported for multiple years (2018-2020) while still incurring significant expenses.
Significant fluctuations in assets and liabilities without clear corresponding revenue generation.
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds in executive pay.
Engaged in a capital-intensive mission (Housing Development) which can have significant community impact.
Spending Breakdown
How Ccrc 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 Ccrc Development Corporation
Is Ccrc Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ccrc Development Corporation (EIN: 203537708) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Ccrc Development Corporation a good charity to donate to?
Ccrc Development Corporation has a Mission Score of 45/100. Revenue: $23.7M. Assets: $169.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ccrc Development Corporation?
The Employer Identification Number (EIN) for Ccrc Development Corporation is 203537708. 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 Ccrc Development Corporation spend its money?
Ccrc Development Corporation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ccrc Development Corporation's tax-exempt status?
You can verify Ccrc Development Corporation's tax-exempt status using EIN 203537708 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
Ccrc Development Corporation exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years. For example, in 2022, the organization reported revenue of $6,235,289 against expenses of $12,092,773, indicating a significant operating deficit. This pattern of spending more than it earns raises questions about long-term sustainability and reliance on external funding or asset depletion. The organization's assets have fluctuated significantly, from $17,948,106 in 2017 to $211,986,794 in 2022, while liabilities have also grown substantially, often exceeding assets, as seen in 2022 where liabilities were $232,590,774 against assets of $211,986,794. This suggests a highly leveraged financial structure.
The consistent reporting of 0% officer compensation across all available filings is a positive indicator of executive compensation transparency and potentially efficient use of funds in that area. However, the overall financial health is challenged by the persistent operating deficits and the high ratio of liabilities to assets. The NTEE code L22 (Housing Development, Construction & Management) suggests a capital-intensive mission, which might explain the large asset and liability figures, but the revenue generation does not appear to keep pace with the operational costs or debt servicing.
Given the available data, the organization's financial health appears precarious due to sustained operating losses and a high debt burden. While executive compensation is not a concern, the overall financial strategy and sustainability warrant closer scrutiny. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging beyond the top-line figures.