Bergen Basin Commmunity Development Corporation
Bergen Basin CDC operates with tight margins and no reported officer compensation, consistently matching revenues with expenses.
EIN: 113199040 · Brooklyn, NY · NTEE: P81Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.2M |
| Total Expenses | $10.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $1K |
| Transparency Score | 85/100 |
Is Bergen Basin Commmunity Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bergen Basin Commmunity Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bergen Basin Commmunity Development Corporation
Bergen Basin Commmunity Development Corporation (EIN: 113199040) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P81Z. The organization reported total revenue of $12.2M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bergen Basin Commmunity Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bergen Basin Commmunity Development Corporation is a large nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.7M |
| Total Expenses | $10.7M |
| Surplus / Deficit | +$1K |
| Total Assets | $1.5M |
| Total Liabilities | $1.5M |
| Net Assets | $1K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 99.9% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2023, Bergen Basin Commmunity Development Corporation reported a surplus of $1K with revenue exceeding expenses, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 99.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bergen Basin Commmunity Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.1% | +28.4% | -41.8% |
| 2022 | +9.4% | +8.4% | +50.0% |
| 2021 | -14.6% | -14.6% | +18.4% |
| 2020 | -2.7% | -2.8% | +8.1% |
| 2019 | +7.1% | +6.7% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Bergen Basin Commmunity Development Corporation with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bergen Basin Commmunity Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $10 million in annual revenue, suggesting either pro-bono leadership or compensation is categorized differently within other expense lines, which warrants further investigation.
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 Bergen Basin Commmunity Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size may indicate compensation is miscategorized or not fully transparent.
- Very tight operating margins with revenues closely matching expenses, leaving little for reserves or unexpected costs.
- High liabilities relative to assets, suggesting reliance on restricted funds or debt, which could limit financial flexibility.
Strengths
The following positive indicators were identified for Bergen Basin Commmunity Development Corporation:
- Strong revenue growth, nearly doubling from $5.6M in 2014 to $10.6M in 2023.
- Consistent compliance with IRS 990 filings, demonstrating transparency and accountability.
- Zero reported officer compensation, indicating a strong commitment to directing funds towards programmatic activities (if truly volunteer-led).
- Significant asset growth, from $849,467 in 2014 to $3,528,324, enhancing organizational capacity.
- Efficient management of funds, as evidenced by revenues closely matching expenses year-over-year.
Frequently Asked Questions about Bergen Basin Commmunity Development Corporation
Is Bergen Basin Commmunity Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bergen Basin Commmunity Development Corporation (EIN: 113199040) some concerns. Mission Score: 85/100. 3 red flags identified, 5 strengths noted.
How does Bergen Basin Commmunity Development Corporation spend its money?
Bergen Basin Commmunity Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bergen Basin Commmunity Development Corporation tax-deductible?
Bergen Basin Commmunity Development Corporation is registered as a tax-exempt nonprofit (EIN: 113199040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bergen Basin Commmunity Development Corporation CEO make?
Bergen Basin Commmunity Development Corporation's highest-compensated officer earns $10 annually. The organization reported $12.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bergen Basin Commmunity Development Corporation's spending goes to programs?
Bergen Basin Commmunity Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bergen Basin Commmunity Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bergen Basin Commmunity Development Corporation is above average for NTEE category P81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bergen Basin Commmunity Development Corporation located?
Bergen Basin Commmunity Development Corporation is headquartered in Brooklyn, New York and files with the IRS under EIN 113199040. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Bergen Basin Commmunity Development Corporation have?
Bergen Basin Commmunity 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 $12.2M in total revenue.
Is Bergen Basin Community Development Corporation a good charity?
Based on the available data, Bergen Basin Community Development Corporation appears to be a well-managed organization with a strong commitment to its mission, evidenced by its consistent operations and zero reported officer compensation. Its ability to manage significant revenues and expenses while maintaining a stable asset base suggests effective financial stewardship. However, a detailed functional expense breakdown would provide a clearer picture of its programmatic efficiency.
How does Bergen Basin CDC manage its finances given the tight revenue-expense margins?
The organization consistently operates with revenues closely matching expenses, as seen in 202303 where revenue was $10,664,406 and expenses were $10,663,051. This indicates a lean operational model and careful budgeting, likely relying on grants and specific project funding that are expended within the same fiscal period. This approach minimizes surplus but also suggests efficient use of incoming funds.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is a significant indicator. It suggests that either the organization's leadership is entirely volunteer-based, or compensation for key personnel is categorized under other expense lines (e.g., program staff salaries) rather than specifically as officer compensation. If truly volunteer-led, it represents a high degree of dedication and resource efficiency.
How has the organization's financial scale changed over time?
Bergen Basin CDC has shown substantial growth in its financial scale. Its revenue has increased from $5,641,237 in 201403 to $10,664,406 in 202303, nearly doubling over a decade. Assets have also grown significantly, from $849,467 in 201403 to $3,528,324 in the latest available data, indicating an expansion of its operational capacity and resource base.
Are there any concerns regarding the organization's liabilities?
The organization's liabilities have often been very close to its assets, for example, $1,489,174 in liabilities against $1,490,529 in assets in 202303. While this is common for organizations that manage restricted funds or utilize debt for capital projects, it means the organization has limited unrestricted net assets or reserves. This could pose a risk if there are unexpected financial downturns or funding delays, as there is less financial cushion.
Filing History
IRS 990 filing history for Bergen Basin Commmunity Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bergen Basin Commmunity Development Corporation's revenue has grown by 173.7%, moving from $3.9M to $10.7M. Total assets increased by 220.4% over the same period, from $465K to $1.5M. Total functional expenses rose by 174.1%, from $3.9M to $10.7M. In its most recent filing year (2023), Bergen Basin Commmunity Development Corporation reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $1.5M in assets (debt-to-asset ratio: 99.9%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.7M | $10.7M | $1.5M | $1.5M | — | View 990 |
| 2022 | $8.4M | $8.3M | $2.6M | $2.6M | — | View 990 |
| 2021 | $7.7M | $7.7M | $1.7M | $1.8M | — | View 990 |
| 2020 | $9.0M | $9.0M | $1.4M | $1.5M | — | View 990 |
| 2019 | $9.2M | $9.2M | $1.3M | $1.4M | — | View 990 |
| 2018 | $8.6M | $8.7M | $1.3M | $1.3M | — | View 990 |
| 2017 | $8.9M | $8.8M | $1.2M | $1.2M | — | View 990 |
| 2016 | $7.6M | $7.7M | $1.1M | $1.1M | — | View 990 |
| 2015 | $6.8M | $6.9M | $1.4M | $1.4M | — | View 990 |
| 2014 | $5.6M | $5.6M | $849K | $716K | — | View 990 |
| 2013 | $4.2M | $4.2M | $777K | $708K | — | View 990 |
| 2012 | $3.8M | $3.8M | $582K | $522K | — | View 990 |
| 2011 | $3.9M | $3.9M | $465K | $390K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.7M, expenses of $10.7M, and assets of $1.5M (revenue +27.1% year-over-year).
- 2022: Revenue of $8.4M, expenses of $8.3M, and assets of $2.6M (revenue +9.4% year-over-year).
- 2021: Revenue of $7.7M, expenses of $7.7M, and assets of $1.7M (revenue -14.6% year-over-year).
- 2020: Revenue of $9.0M, expenses of $9.0M, and assets of $1.4M (revenue -2.7% year-over-year).
- 2019: Revenue of $9.2M, expenses of $9.2M, and assets of $1.3M (revenue +7.1% year-over-year).
- 2018: Revenue of $8.6M, expenses of $8.7M, and assets of $1.3M (revenue -2.8% year-over-year).
- 2017: Revenue of $8.9M, expenses of $8.8M, and assets of $1.2M (revenue +16.5% year-over-year).
- 2016: Revenue of $7.6M, expenses of $7.7M, and assets of $1.1M (revenue +12.1% year-over-year).
- 2015: Revenue of $6.8M, expenses of $6.9M, and assets of $1.4M (revenue +20.3% year-over-year).
- 2014: Revenue of $5.6M, expenses of $5.6M, and assets of $849K (revenue +33.3% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.2M, and assets of $777K (revenue +10.7% year-over-year).
- 2012: Revenue of $3.8M, expenses of $3.8M, and assets of $582K (revenue -1.9% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.9M, and assets of $465K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bergen Basin Commmunity Development Corporation:
Data Sources and Methodology
This transparency report for Bergen Basin Commmunity 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.