Bristol Neighborhood Development Corp
Bristol Neighborhood Development Corp maintains stable assets with fluctuating revenue and no reported officer compensation.
EIN: 204100584 · Bristol, CT · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $273K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.6M |
| Transparency Score | 80/100 |
Is Bristol Neighborhood Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bristol Neighborhood Development Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bristol Neighborhood Development Corp
Bristol Neighborhood Development Corp (EIN: 204100584) is a nonprofit organization based in Bristol, CT, classified under NTEE code S30. The organization reported total revenue of $1.4M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Neighborhood Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bristol Neighborhood Development Corp is a mid-size nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $273K |
| Surplus / Deficit | $-3,698 |
| Total Assets | $3.1M |
| Total Liabilities | $504K |
| Net Assets | $2.6M |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 16.4% |
| Months of Reserves | 134.6 months |
Financial Health Grade: B
In 2023, Bristol Neighborhood Development Corp reported a deficit of $4K with expenses exceeding revenue, holds 134.6 months of operating reserves (strong position), has a debt-to-asset ratio of 16.4% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Bristol Neighborhood Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.0% | -26.7% | -0.6% |
| 2022 | +46.4% | +13.8% | -0.9% |
| 2021 | +23.0% | -14.4% | +5.8% |
| 2020 | -8.4% | +28.0% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Bristol Neighborhood Development Corp with a Mission Score of 80 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, Bristol Neighborhood Development Corp 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.4%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all five available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with assets exceeding $3 million.
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 Bristol Neighborhood Development Corp's IRS 990 filings:
- Lack of detailed expense breakdown in public filings makes precise spending efficiency difficult to assess.
- Zero reported officer compensation for an organization with over $3 million in assets is unusual and could indicate compensation is reported in other categories or that leadership is entirely volunteer, which may raise questions about sustainability or capacity.
Strengths
The following positive indicators were identified for Bristol Neighborhood Development Corp:
- Consistent asset growth from $2,897,205 in 2019 to $3,062,125 in 2023.
- No reported officer compensation across five years, suggesting a high dedication to mission and potentially low administrative overhead.
- Decreasing trend in liabilities from $903,001 in 2020 to $503,712 in 2023, indicating improved financial health.
- Consistent filing of IRS 990s, demonstrating transparency in compliance.
Frequently Asked Questions about Bristol Neighborhood Development Corp
Is Bristol Neighborhood Development Corp a legitimate charity?
Bristol Neighborhood Development Corp (EIN: 204100584) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 80/100. It has 5 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bristol Neighborhood Development Corp spend its money?
Bristol Neighborhood Development Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bristol Neighborhood Development Corp tax-deductible?
Bristol Neighborhood Development Corp is registered as a tax-exempt nonprofit (EIN: 204100584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bristol Neighborhood Development Corp CEO make?
Bristol Neighborhood Development Corp's highest-compensated officer earns $3 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bristol Neighborhood Development Corp's spending goes to programs?
Bristol Neighborhood Development Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bristol Neighborhood Development Corp compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Bristol Neighborhood Development Corp is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bristol Neighborhood Development Corp located?
Bristol Neighborhood Development Corp is headquartered in Bristol, Connecticut and files with the IRS under EIN 204100584. It is classified under NTEE code S30.
How many years of IRS 990 filings does Bristol Neighborhood Development Corp have?
Bristol Neighborhood Development Corp has 5 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 $1.4M in total revenue.
Is Bristol Neighborhood Development Corp a good charity?
Based on the available data, Bristol Neighborhood Development Corp appears to be a well-managed organization with stable assets and no reported officer compensation, suggesting a strong focus on its mission. However, a detailed breakdown of expenses would provide a clearer picture of its program efficiency.
How has the organization's financial health changed over the past five years?
The organization's assets have shown consistent growth, from $2,897,205 in 2019 to $3,062,125 in 2023. Revenue has fluctuated significantly, peaking at $728,473 in 2022 and dropping to $269,200 in 2023, while expenses have remained relatively stable, indicating adaptive financial management.
What is the trend in liabilities for Bristol Neighborhood Development Corp?
Liabilities have shown a decreasing trend from a high of $903,001 in 2020 to $503,712 in 2023, which is a positive indicator of improving financial stability and reduced debt burden.
Filing History
IRS 990 filing history for Bristol Neighborhood Development Corp showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Bristol Neighborhood Development Corp's revenue has declined by 39%, moving from $441K to $269K. Total assets increased by 5.7% over the same period, from $2.9M to $3.1M. Total functional expenses fell by 8.6%, from $299K to $273K. In its most recent filing year (2023), Bristol Neighborhood Development Corp reported a deficit of $4K, with expenses exceeding revenue. The organization holds $504K in liabilities against $3.1M in assets (debt-to-asset ratio: 16.4%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $269K | $273K | $3.1M | $504K | — | — |
| 2022 | $728K | $372K | $3.1M | $518K | — | View 990 |
| 2021 | $498K | $327K | $3.1M | $902K | — | View 990 |
| 2020 | $404K | $382K | $2.9M | $903K | — | — |
| 2019 | $441K | $299K | $2.9M | $884K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $269K, expenses of $273K, and assets of $3.1M (revenue -63.0% year-over-year).
- 2022: Revenue of $728K, expenses of $372K, and assets of $3.1M (revenue +46.4% year-over-year).
- 2021: Revenue of $498K, expenses of $327K, and assets of $3.1M (revenue +23.0% year-over-year).
- 2020: Revenue of $404K, expenses of $382K, and assets of $2.9M (revenue -8.4% year-over-year).
- 2019: Revenue of $441K, expenses of $299K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bristol Neighborhood Development Corp:
Data Sources and Methodology
This transparency report for Bristol Neighborhood 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.