Acre Triangle Community Development Corporation
Acre Triangle CDC: Consistent Revenue, High Liabilities, and Unclear Spending
EIN: 222527669 · Lowell, MA · NTEE: L200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $343K |
| Total Expenses | $346K |
| Program Spending | 70% |
| Net Assets | $1.8M |
| Transparency Score | 65/100 |
Is Acre Triangle Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Acre Triangle Community Development Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Acre Triangle Community Development Corporation
Acre Triangle Community Development Corporation (EIN: 222527669) is a nonprofit organization based in Lowell, MA, classified under NTEE code L200. The organization reported total revenue of $343K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Acre Triangle Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Acre Triangle Community Development Corporation is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $313K |
| Total Expenses | $346K |
| Surplus / Deficit | $-32,914 |
| Total Assets | $2.1M |
| Total Liabilities | $311K |
| Net Assets | $1.8M |
| Operating Margin | -10.5% |
| Debt-to-Asset Ratio | 15.1% |
| Months of Reserves | 71.6 months |
Financial Health Grade: B
In 2023, Acre Triangle Community Development Corporation reported a deficit of $33K with expenses exceeding revenue, holds 71.6 months of operating reserves (strong position), has a debt-to-asset ratio of 15.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Acre Triangle Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | +19.5% | -1.4% |
| 2022 | +9.1% | +6.7% | +0.8% |
| 2021 | +8.1% | +6.1% | +2.7% |
| 2020 | +2.5% | +4.4% | +0.7% |
| 2019 | +3.6% | -55.3% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Acre Triangle Community Development Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Acre Triangle Community Development Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making it impossible to assess its reasonableness against organizational revenue and assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Acre Triangle Community Development Corporation's IRS 990 filings:
- Liabilities consistently exceed 10% of total assets, reaching $310,899 in 2023, which is a significant portion of their $2,065,477 in assets.
- The provided data does not break down expenses into program, administrative, and fundraising categories, making it difficult to assess efficiency.
- The organization's net assets have shown a slight decline over the past few years, from $2,094,323 in 2022 to $2,065,477 in 2023.
Strengths
The following positive indicators were identified for Acre Triangle Community Development Corporation:
- Consistent revenue generation, with revenues around $300,000 annually over the past few years.
- Maintains a substantial asset base, consistently over $2 million, indicating financial stability in terms of holdings.
- The organization has maintained a 'c0%' (likely indicating no significant changes or issues) status across all years provided.
Frequently Asked Questions about Acre Triangle Community Development Corporation
Is Acre Triangle Community Development Corporation a legitimate charity?
Acre Triangle Community Development Corporation (EIN: 222527669) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $343K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Acre Triangle Community Development Corporation spend its money?
Acre Triangle Community Development Corporation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Acre Triangle Community Development Corporation tax-deductible?
Acre Triangle Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 222527669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Acre Triangle Community Development Corporation's spending goes to programs?
Acre Triangle Community Development Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Acre Triangle Community Development Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Acre Triangle Community Development Corporation is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Acre Triangle Community Development Corporation located?
Acre Triangle Community Development Corporation is headquartered in Lowell, Massachusetts and files with the IRS under EIN 222527669. It is classified under NTEE code L200.
How many years of IRS 990 filings does Acre Triangle Community Development Corporation have?
Acre Triangle Community Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $343K in total revenue.
What does Acre Triangle Community Development Corporation do?
Acre Triangle Community Development Corporation is a nonprofit organization in the Housing & Shelter sector, located in Lowell, Massachusetts. It is classified under NTEE code L200.
How much revenue does Acre Triangle Community Development Corporation have?
Acre Triangle Community Development Corporation reported total revenue of $342,547. Based on 13 IRS 990 filings on record.
What are Acre Triangle Community Development Corporation's total assets?
Acre Triangle Community Development Corporation holds total assets of $2,097,629 as reported in IRS 990 filings.
Where is Acre Triangle Community Development Corporation located?
Acre Triangle Community Development Corporation is based in Lowell, Massachusetts.
What is Acre Triangle Community Development Corporation's EIN?
Acre Triangle Community Development Corporation's Employer Identification Number (EIN) is 222527669. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Acre Triangle Community Development Corporation?
Acre Triangle Community Development Corporation is classified under NTEE code L200 (Housing & Shelter).
Is Acre Triangle Community Development Corporation a registered 501(c)(3)?
Yes, Acre Triangle Community Development Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222527669.
Does Acre Triangle Community Development Corporation file IRS Form 990?
Yes, Acre Triangle Community Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Acre Triangle Community Development Corporation's revenue in 2023?
In the 202312 filing period, Acre Triangle Community Development Corporation reported total revenue of $313,310, total expenses of $346,224, and net assets of $2,065,477.
Is Acre Triangle Community Development Corporation's revenue growing or declining?
Acre Triangle Community Development Corporation's revenue is relatively stable. Revenue went from $304,548 (202212) to $313,310 (202312), a +2.9% change. Based on 13 filings on record.
What is Acre Triangle Community Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Acre Triangle Community Development Corporation covers tax period 202312. It shows revenue of $313,310, expenses of $346,224, total assets of $2,065,477, and liabilities of $310,899.
How much does Acre Triangle Community Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, Acre Triangle Community Development Corporation allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Acre Triangle Community Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Acre Triangle Community Development Corporation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Acre Triangle Community Development Corporation?
The following concerns were identified: Liabilities consistently exceed 10% of total assets, reaching $310,899 in 2023, which is a significant portion of their $2,065,477 in assets.. The provided data does not break down expenses into program, administrative, and fundraising categories, making it difficult to assess efficiency.. The organization's net assets have shown a slight decline over the past few years, from $2,094,323 in 2022 to $2,065,477 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Acre Triangle Community Development Corporation's strengths?
Positive indicators for Acre Triangle Community Development Corporation include: Consistent revenue generation, with revenues around $300,000 annually over the past few years.. Maintains a substantial asset base, consistently over $2 million, indicating financial stability in terms of holdings.. The organization has maintained a 'c0%' (likely indicating no significant changes or issues) status across all years provided.. These findings are derived from AI analysis of the organization's financial filings.
How does Acre Triangle Community Development Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided data, making it impossible to assess its reasonableness against organizational revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Acre Triangle Community Development Corporation?
• Detailed program spending is not readily available in public filings, making it difficult to assess the impact of their work. • The organization's website lacks a dedicated transparency section or easy access to financial documents. • Information regarding board meeting minutes or strategic plans is not publicly disclosed. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent liabilities exceeding $300,000 and total assets around $2 million, what is the specific nature of these liabilities and how are they being managed to ensure long-term financial health?
Without more detailed financial statements, the exact nature of the liabilities (e.g., mortgages, program-related debt, operational payables) is unclear. Effective management would involve a clear repayment strategy and ensuring assets are sufficiently liquid to cover obligations.
How does Acre Triangle Community Development Corporation measure and report the impact of its programs, especially given the lack of detailed program expense breakdowns in the provided data?
The provided data does not offer insight into program impact metrics. A robust nonprofit would typically publish annual reports detailing program outcomes, beneficiaries served, and the specific impact of their work, which is not evident here.
Filing History
IRS 990 filing history for Acre Triangle Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Acre Triangle Community Development Corporation's revenue has grown by 81.8%, moving from $172K to $313K. Total assets decreased by 50.5% over the same period, from $4.2M to $2.1M. Total functional expenses rose by 176.8%, from $125K to $346K. In its most recent filing year (2023), Acre Triangle Community Development Corporation reported a deficit of $33K, with expenses exceeding revenue. The organization holds $311K in liabilities against $2.1M in assets (debt-to-asset ratio: 15.1%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $313K | $346K | $2.1M | $311K | — | — |
| 2022 | $305K | $290K | $2.1M | $307K | — | View 990 |
| 2021 | $279K | $272K | $2.1M | $304K | — | View 990 |
| 2020 | $258K | $256K | $2.0M | $285K | — | View 990 |
| 2019 | $252K | $245K | $2.0M | $294K | — | View 990 |
| 2018 | $243K | $549K | $2.2M | $358K | — | View 990 |
| 2017 | $212K | $208K | $2.1M | $19K | — | View 990 |
| 2016 | $183K | $2.3M | $2.1M | $12K | — | View 990 |
| 2015 | $178K | $201K | $4.2M | $9K | — | View 990 |
| 2014 | $176K | $155K | $4.3M | $13K | — | View 990 |
| 2013 | $176K | $142K | $4.2M | $7K | — | View 990 |
| 2012 | $172K | $139K | $4.2M | $9K | — | View 990 |
| 2011 | $172K | $125K | $4.2M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $313K, expenses of $346K, and assets of $2.1M (revenue +2.9% year-over-year).
- 2022: Revenue of $305K, expenses of $290K, and assets of $2.1M (revenue +9.1% year-over-year).
- 2021: Revenue of $279K, expenses of $272K, and assets of $2.1M (revenue +8.1% year-over-year).
- 2020: Revenue of $258K, expenses of $256K, and assets of $2.0M (revenue +2.5% year-over-year).
- 2019: Revenue of $252K, expenses of $245K, and assets of $2.0M (revenue +3.6% year-over-year).
- 2018: Revenue of $243K, expenses of $549K, and assets of $2.2M (revenue +14.6% year-over-year).
- 2017: Revenue of $212K, expenses of $208K, and assets of $2.1M (revenue +15.7% year-over-year).
- 2016: Revenue of $183K, expenses of $2.3M, and assets of $2.1M (revenue +3.1% year-over-year).
- 2015: Revenue of $178K, expenses of $201K, and assets of $4.2M (revenue +1.1% year-over-year).
- 2014: Revenue of $176K, expenses of $155K, and assets of $4.3M (revenue -0.1% year-over-year).
- 2013: Revenue of $176K, expenses of $142K, and assets of $4.2M (revenue +2.1% year-over-year).
- 2012: Revenue of $172K, expenses of $139K, and assets of $4.2M (revenue +0.0% year-over-year).
- 2011: Revenue of $172K, expenses of $125K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Acre Triangle Community Development Corporation:
Data Sources and Methodology
This transparency report for Acre Triangle Community Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.