Borders Development Corporation

Borders Development Corporation maintains stable assets and consistent operations with no reported officer compensation.

EIN: 20437961 · Colebrook, NH · NTEE: S40 · Updated: 2026-03-28

$42KRevenue

$483KAssets

75/100Mission Score (Good)

S40

About Borders Development Corporation

Borders Development Corporation (EIN: 20437961) is a nonprofit organization based in Colebrook, NH, classified under NTEE code S40. The organization reported total revenue of $42K and total assets of $483K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Borders Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Borders Development Corporation demonstrates consistent financial activity, with revenues generally in the $30,000-$50,000 range over the past eight years. The organization has maintained a stable asset base, hovering around $450,000-$550,000, with liabilities consistently reported at $120,000 for most periods. While the organization's expenses have sometimes exceeded its revenue, such as in 2015 where expenses were $100,460 against $52,624 in revenue, it has managed to sustain its operations. The lack of reported officer compensation across all filings suggests a volunteer-driven leadership, which can be a positive indicator of efficiency, though it also means less transparency regarding leadership costs if any are absorbed elsewhere.

Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent operational expenses relative to revenue suggest a lean operation. The organization's financial health appears stable, with sufficient assets to cover its liabilities. The consistent reporting of zero officer compensation is a strong point for transparency regarding executive pay, but a more detailed breakdown of program, administrative, and fundraising expenses would enhance the overall transparency picture.

Overall, Borders Development Corporation appears to be a small, stable organization with a consistent financial footprint. Its long history of filings and stable asset base indicate a sustained presence. The absence of officer compensation is notable, suggesting a commitment to minimizing overhead in that area. Further detail on expense allocation would provide a clearer view of its spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Borders Development Corporation with a Mission Score of 75 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Borders 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.

Executive Compensation Analysis

Borders Development Corporation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive for minimizing overhead costs.

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 Borders Development Corporation's IRS 990 filings:

Lack of detailed functional expense breakdown in provided data makes full spending efficiency analysis difficult.
Expenses occasionally significantly exceed revenue, such as in 2015 ($100,460 expenses vs. $52,624 revenue), which could indicate reliance on reserves or inconsistent funding.

Strengths

The following positive indicators were identified for Borders Development Corporation:

Consistent reporting of 0% officer compensation, indicating a volunteer-driven or very lean leadership compensation structure.
Stable asset base (around $450,000-$550,000) over an eight-year period, suggesting financial resilience.
Long filing history (8 filings) indicates sustained operations and compliance.
Relatively low and consistent liabilities compared to assets, indicating a healthy balance sheet.

Frequently Asked Questions about Borders Development Corporation

What are the specific programs Borders Development Corporation funds?

The provided IRS 990 data does not detail the specific programs or activities undertaken by Borders Development Corporation. Further investigation into their public mission statement or annual reports would be necessary.

How does Borders Development Corporation manage periods where expenses exceed revenue?

In periods like 2015, where expenses ($100,460) significantly exceeded revenue ($52,624), the organization likely drew upon its accumulated assets or reserves to cover the deficit, as its asset base remained substantial ($463,382).

What is the nature of the consistent $120,000 liability?

The consistent $120,000 liability across most filing periods suggests a long-term debt, such as a mortgage or a loan, that the organization is managing. The specific nature of this liability is not detailed in the provided data.

Filing History

IRS 990 filing history for Borders Development Corporation showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2011–2018), Borders Development Corporation's revenue has grown by 35.4%, moving from $31K to $42K. Total assets decreased by 12.8% over the same period, from $553K to $483K. Total functional expenses fell by 9.5%, from $42K to $38K. In its most recent filing year (2018), Borders Development Corporation reported a surplus of $4K, with revenue exceeding expenses. The organization holds $120K in liabilities against $483K in assets (debt-to-asset ratio: 24.9%), resulting in net assets of $363K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2018	$42K	$38K	$483K	$120K	—	View 990
2017	$43K	$26K	$479K	$120K	—	View 990
2016	$41K	$43K	$462K	$120K	—	View 990
2015	$53K	$100K	$463K	$120K	—	View 990
2014	$52K	$64K	$515K	$124K	—	View 990
2013	$28K	$51K	$523K	$120K	—	View 990
2012	$55K	$62K	$546K	$120K	—	View 990
2011	$31K	$42K	$553K	$120K	—	View 990

Year-by-Year Financial Summary

2018: Revenue of $42K, expenses of $38K, and assets of $483K (revenue -2.9% year-over-year).
2017: Revenue of $43K, expenses of $26K, and assets of $479K (revenue +4.6% year-over-year).
2016: Revenue of $41K, expenses of $43K, and assets of $462K (revenue -21.6% year-over-year).
2015: Revenue of $53K, expenses of $100K, and assets of $463K (revenue +2.1% year-over-year).
2014: Revenue of $52K, expenses of $64K, and assets of $515K (revenue +84.1% year-over-year).
2013: Revenue of $28K, expenses of $51K, and assets of $523K (revenue -49.0% year-over-year).
2012: Revenue of $55K, expenses of $62K, and assets of $546K (revenue +77.3% year-over-year).
2011: Revenue of $31K, expenses of $42K, and assets of $553K.

Data Sources and Methodology

This transparency report for Borders 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.