Biloxi Community Development Corp
EIN: 311641324 · Biloxi, MS · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $3.3M |
| Net Assets | $14.1M |
Is Biloxi Community Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Biloxi Community Development Corp
Biloxi Community Development Corp (EIN: 311641324) is a nonprofit organization based in Biloxi, MS, classified under NTEE code L20. The organization reported total revenue of $4.5M and total assets of $31.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Biloxi Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Biloxi Community Development Corp is a mid-size nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-1,093,105 |
| Total Assets | $24.5M |
| Total Liabilities | $10.5M |
| Net Assets | $14.1M |
| Operating Margin | -50.6% |
| Debt-to-Asset Ratio | 42.7% |
| Months of Reserves | 90.4 months |
Financial Health Grade: B
In 2023, Biloxi Community Development Corp reported a deficit of $1.1M with expenses exceeding revenue, holds 90.4 months of operating reserves (strong position), has a debt-to-asset ratio of 42.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Biloxi Community Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.4% | +19.6% | +18.9% |
| 2022 | -4.0% | +1.9% | +1.3% |
| 2021 | +3.4% | +5.5% | -2.8% |
| 2020 | +2.7% | -1.9% | -2.2% |
| 2019 | +2.0% | +2.9% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Biloxi Community Development Corp has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Biloxi Community Development Corp with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.7%.
Frequently Asked Questions about Biloxi Community Development Corp
Is Biloxi Community Development Corp a legitimate charity?
Biloxi Community Development Corp (EIN: 311641324) is a registered tax-exempt nonprofit based in Mississippi. It has 14 years of IRS 990 filings on record. Total revenue: $4.5M. No red flags identified. Financial health grade: B.
How does Biloxi Community Development Corp spend its money?
Biloxi Community Development Corp reported $4.5M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Biloxi Community Development Corp tax-deductible?
Biloxi Community Development Corp is registered as a tax-exempt nonprofit (EIN: 311641324). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Biloxi Community Development Corp located?
Biloxi Community Development Corp is headquartered in Biloxi, Mississippi and files with the IRS under EIN 311641324. It is classified under NTEE code L20.
How many years of IRS 990 filings does Biloxi Community Development Corp have?
Biloxi Community Development Corp has 14 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 $4.5M in total revenue.
Filing History
IRS 990 filing history for Biloxi Community Development Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Biloxi Community Development Corp's revenue has grown by 996.3%, moving from $197K to $2.2M. Total assets increased by 240.5% over the same period, from $7.2M to $24.5M. Total functional expenses rose by 3166.1%, from $100K to $3.3M. In its most recent filing year (2023), Biloxi Community Development Corp reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $10.5M in liabilities against $24.5M in assets (debt-to-asset ratio: 42.7%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $3.3M | $24.5M | $10.5M | — | — |
| 2022 | $1.9M | $2.7M | $20.6M | $2.8M | — | View 990 |
| 2021 | $2.0M | $2.7M | $20.4M | $1.8M | — | View 990 |
| 2020 | $2.0M | $2.5M | $21.0M | $1.8M | — | View 990 |
| 2019 | $1.9M | $2.6M | $21.4M | $2.1M | — | — |
| 2018 | $1.9M | $2.5M | $22.2M | $2.0M | — | View 990 |
| 2017 | $1.8M | $2.4M | $22.8M | $2.1M | — | View 990 |
| 2016 | $1.8M | $2.5M | $24.4M | $3.1M | — | View 990 |
| 2015 | $1.8M | $2.5M | $24.9M | $1.0M | — | View 990 |
| 2014 | $1.8M | $2.1M | $25.6M | $1.1M | — | View 990 |
| 2013 | $2.9M | $4.6M | $27.2M | $1.4M | — | View 990 |
| 2012 | $1.8M | $2.1M | $30.8M | $3.3M | — | View 990 |
| 2011 | $22.4M | $1.9M | $31.7M | $4.0M | — | View 990 |
| 2010 | $197K | $100K | $7.2M | $520 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $3.3M, and assets of $24.5M (revenue +11.4% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.7M, and assets of $20.6M (revenue -4.0% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.7M, and assets of $20.4M (revenue +3.4% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.5M, and assets of $21.0M (revenue +2.7% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.6M, and assets of $21.4M (revenue +2.0% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.5M, and assets of $22.2M (revenue +2.8% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.4M, and assets of $22.8M (revenue +0.5% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.5M, and assets of $24.4M (revenue +0.2% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.5M, and assets of $24.9M (revenue -2.2% year-over-year).
- 2014: Revenue of $1.8M, expenses of $2.1M, and assets of $25.6M (revenue -36.6% year-over-year).
- 2013: Revenue of $2.9M, expenses of $4.6M, and assets of $27.2M (revenue +64.4% year-over-year).
- 2012: Revenue of $1.8M, expenses of $2.1M, and assets of $30.8M (revenue -92.1% year-over-year).
- 2011: Revenue of $22.4M, expenses of $1.9M, and assets of $31.7M (revenue +11246.9% year-over-year).
- 2010: Revenue of $197K, expenses of $100K, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Biloxi Community Development Corp:
Data Sources and Methodology
This transparency report for Biloxi Community Development Corp 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.