Belmont Arthur Avenue Local Development Corporation
Belmont Arthur Avenue LDC shows consistent asset growth and no reported officer compensation over a decade.
EIN: 133020589 · Bronx, NY · NTEE: S20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $6.5M |
| Transparency Score | 90/100 |
Is Belmont Arthur Avenue Local Development Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belmont Arthur Avenue Local Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Belmont Arthur Avenue Local Development Corporation
Belmont Arthur Avenue Local Development Corporation (EIN: 133020589) is a nonprofit organization based in Bronx, NY, classified under NTEE code S20Z. The organization reported total revenue of $1.9M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belmont Arthur Avenue Local Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belmont Arthur Avenue Local Development Corporation is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-348,498 |
| Total Assets | $6.9M |
| Total Liabilities | $319K |
| Net Assets | $6.5M |
| Operating Margin | -22.8% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 43.8 months |
Financial Health Grade: B
In 2023, Belmont Arthur Avenue Local Development Corporation reported a deficit of $348K with expenses exceeding revenue, holds 43.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Belmont Arthur Avenue Local Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.8% | +7.6% | -2.2% |
| 2022 | -1.6% | -2.6% | +4.5% |
| 2021 | +4.4% | -4.0% | +11.8% |
| 2020 | -9.8% | +4.7% | +14.6% |
| 2019 | +15.0% | -2.3% | +22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Belmont Arthur Avenue Local Development Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Belmont Arthur Avenue Local Development Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $348K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, indicating that no portion of its revenue, which has ranged from $1.5 million to $3.4 million annually, is allocated to executive salaries. This is a strong positive for resource allocation.
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.
Strengths
The following positive indicators were identified for Belmont Arthur Avenue Local Development Corporation:
- Consistent asset growth, from $1,645,000 in 2014 to $6,851,674 in 2023, indicating strong financial management.
- Zero reported officer compensation across all 13 filings, demonstrating a strong commitment to mission-focused spending.
- Healthy solvency with liabilities consistently low relative to assets (e.g., $318,582 liabilities vs. $6,851,674 assets in 2023).
- Long history of IRS 990 filings (13 filings), suggesting transparency and consistent reporting.
Frequently Asked Questions about Belmont Arthur Avenue Local Development Corporation
Is Belmont Arthur Avenue Local Development Corporation a legitimate charity?
Belmont Arthur Avenue Local Development Corporation (EIN: 133020589) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Belmont Arthur Avenue Local Development Corporation spend its money?
Belmont Arthur Avenue Local Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Belmont Arthur Avenue Local Development Corporation tax-deductible?
Belmont Arthur Avenue Local Development Corporation is registered as a tax-exempt nonprofit (EIN: 133020589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Belmont Arthur Avenue Local Development Corporation CEO make?
Belmont Arthur Avenue Local Development Corporation's highest-compensated officer earns $1.5 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Belmont Arthur Avenue Local Development Corporation's spending goes to programs?
Belmont Arthur Avenue Local Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Belmont Arthur Avenue Local Development Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Belmont Arthur Avenue Local Development Corporation is above average for NTEE category S20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Belmont Arthur Avenue Local Development Corporation located?
Belmont Arthur Avenue Local Development Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133020589. It is classified under NTEE code S20Z.
How many years of IRS 990 filings does Belmont Arthur Avenue Local Development Corporation have?
Belmont Arthur Avenue Local 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 $1.9M in total revenue.
Is Belmont Arthur Avenue Local Development Corporation financially stable?
Yes, the organization appears financially stable, with assets consistently growing from $1,645,000 in 2014 to $6,851,674 in 2023, and liabilities remaining a small fraction of total assets.
How does the organization manage executive compensation?
Belmont Arthur Avenue Local Development Corporation reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries.
Has the organization's revenue been consistent?
Revenue has fluctuated, ranging from a high of $3,469,174 in 2016 to a low of $1,526,733 in 2023, but generally remains above $1.5 million annually, demonstrating a consistent ability to generate income.
Filing History
IRS 990 filing history for Belmont Arthur Avenue Local Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Belmont Arthur Avenue Local Development Corporation's revenue has declined by 20.2%, moving from $1.9M to $1.5M. Total assets increased by 453% over the same period, from $1.2M to $6.9M. Total functional expenses rose by 0.3%, from $1.9M to $1.9M. In its most recent filing year (2023), Belmont Arthur Avenue Local Development Corporation reported a deficit of $348K, with expenses exceeding revenue. The organization holds $319K in liabilities against $6.9M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.9M | $6.9M | $319K | — | View 990 |
| 2022 | $2.4M | $1.7M | $7.0M | $122K | — | View 990 |
| 2021 | $2.5M | $1.8M | $6.7M | $492K | — | View 990 |
| 2020 | $2.4M | $1.9M | $6.0M | $447K | — | View 990 |
| 2019 | $2.6M | $1.8M | $5.2M | $172K | — | View 990 |
| 2018 | $2.3M | $1.8M | $4.3M | $56K | — | View 990 |
| 2017 | $2.5M | $1.8M | $3.8M | $67K | — | View 990 |
| 2016 | $3.5M | $2.0M | $3.3M | $191K | — | View 990 |
| 2015 | $2.3M | $1.9M | $2.0M | $286K | — | View 990 |
| 2014 | $2.0M | $1.9M | $1.6M | $313K | — | View 990 |
| 2013 | $2.1M | $2.0M | $1.7M | $390K | — | View 990 |
| 2012 | $2.4M | $2.0M | $1.5M | $383K | — | View 990 |
| 2011 | $1.9M | $1.9M | $1.2M | $276K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.9M, and assets of $6.9M (revenue -36.8% year-over-year).
- 2022: Revenue of $2.4M, expenses of $1.7M, and assets of $7.0M (revenue -1.6% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.8M, and assets of $6.7M (revenue +4.4% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.9M, and assets of $6.0M (revenue -9.8% year-over-year).
- 2019: Revenue of $2.6M, expenses of $1.8M, and assets of $5.2M (revenue +15.0% year-over-year).
- 2018: Revenue of $2.3M, expenses of $1.8M, and assets of $4.3M (revenue -7.8% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.8M, and assets of $3.8M (revenue -29.1% year-over-year).
- 2016: Revenue of $3.5M, expenses of $2.0M, and assets of $3.3M (revenue +52.6% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.9M, and assets of $2.0M (revenue +14.3% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.9M, and assets of $1.6M (revenue -6.7% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.0M, and assets of $1.7M (revenue -10.8% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.0M, and assets of $1.5M (revenue +25.0% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.9M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belmont Arthur Avenue Local Development Corporation:
Data Sources and Methodology
This transparency report for Belmont Arthur Avenue Local 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.