Broad Moor Development Corporation
Broad Moor Development Corporation reports zero revenue in recent years amidst declining assets.
EIN: 204885751 · New Orleans, LA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $21K |
| Program Spending | 70% |
| Net Assets | $998K |
| Transparency Score | 30/100 |
Is Broad Moor Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broad Moor Development Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Broad Moor Development Corporation
Broad Moor Development Corporation (EIN: 204885751) is a nonprofit organization based in New Orleans, LA, classified under NTEE code P20. The organization reported total revenue of $0 and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broad Moor Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broad Moor Development Corporation is a micro nonprofit that has been operating for 17 years, with 8 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -74.5% | -4.3% |
| 2021 | +18043.6% | +750.7% | +66.9% |
| 2015 | -504.8% | -78.4% | -59.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Broad Moor Development Corporation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Broad Moor Development Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no reportable compensation, which is positive for resource allocation given the organization's financial state.
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 Broad Moor Development Corporation's IRS 990 filings:
- Zero revenue reported in the two most recent fiscal periods (2023 and 2022).
- Significant and consistent decline in total assets over the past decade, from $2,899,776 in 2013 to $1,011,031 currently.
- Expenses incurred ($20,879 in 2023, $29,891 in 2022) without any reported revenue to offset them.
- Negative revenue reported in 2015 (-$212,416), indicating substantial financial losses or adjustments.
- Lack of detailed expense breakdown makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Broad Moor Development Corporation:
- Consistent reporting of 0% officer compensation across all filings, indicating a volunteer-led or minimally compensated leadership.
Frequently Asked Questions about Broad Moor Development Corporation
Is Broad Moor Development Corporation a legitimate charity?
Broad Moor Development Corporation (EIN: 204885751) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 30/100. It has 8 years of IRS 990 filings on record. 5 red flags identified. 1 strength noted. Financial health grade: B.
How does Broad Moor Development Corporation spend its money?
Broad Moor Development Corporation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Broad Moor Development Corporation tax-deductible?
Broad Moor Development Corporation is registered as a tax-exempt nonprofit (EIN: 204885751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Broad Moor Development Corporation's spending goes to programs?
Broad Moor Development Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Broad Moor Development Corporation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Broad Moor Development Corporation is below average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Broad Moor Development Corporation located?
Broad Moor Development Corporation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 204885751. It is classified under NTEE code P20.
How many years of IRS 990 filings does Broad Moor Development Corporation have?
Broad Moor Development Corporation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why has Broad Moor Development Corporation reported zero revenue in its 2023 and 2022 filings?
The provided data shows zero revenue for the fiscal periods ending 202309 and 202209, which is a significant concern for an active nonprofit. This could indicate a pause in operations, a shift in funding model, or a failure to secure grants/donations.
How is the organization covering its expenses ($20,879 in 2023, $29,891 in 2022) with no reported revenue?
With zero reported revenue, the organization must be covering expenses through existing assets, drawing down reserves, or potentially through unreported in-kind contributions or loans. This is unsustainable long-term.
What is the current operational status of Broad Moor Development Corporation given its financial trends?
The financial data suggests a significant reduction in activity or a dormant period. The NTEE code P20 implies active housing development, but the lack of revenue and declining assets contradict this, raising questions about its current mission fulfillment.
What caused the substantial decline in assets from $2,899,776 in 2013 to $1,011,031 currently?
The asset decline of over $1.8 million over a decade, particularly with periods of negative revenue (e.g., -$212,416 in 2015) and expenses exceeding revenue, indicates significant financial challenges or divestment of assets without corresponding revenue generation.
Filing History
IRS 990 filing history for Broad Moor Development Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Broad Moor Development Corporation's revenue has declined by 100%, moving from $1.0M to $0. Total assets decreased by 39.6% over the same period, from $1.7M to $1.0M. Total functional expenses fell by 96.6%, from $615K to $21K. The organization holds $28K in liabilities against $1.0M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $998K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $21K | $1.0M | $28K | — | — |
| 2022 | $0 | $30K | $1.0M | $24K | — | View 990 |
| 2021 | $698K | $117K | $1.1M | $41K | — | — |
| 2016 | $4K | $14K | $653K | $24K | — | View 990 |
| 2015 | $-212,416 | $57K | $663K | $83K | — | View 990 |
| 2014 | $52K | $263K | $1.6M | $669K | — | View 990 |
| 2013 | $374K | $292K | $2.9M | $1.7M | — | View 990 |
| 2011 | $1.0M | $615K | $1.7M | $951K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $21K, and assets of $1.0M.
- 2022: Revenue of $0, expenses of $30K, and assets of $1.0M (revenue -100.0% year-over-year).
- 2021: Revenue of $698K, expenses of $117K, and assets of $1.1M (revenue +18043.6% year-over-year).
- 2016: Revenue of $4K, expenses of $14K, and assets of $653K.
- 2015: Revenue of $-212,416, expenses of $57K, and assets of $663K (revenue -504.8% year-over-year).
- 2014: Revenue of $52K, expenses of $263K, and assets of $1.6M (revenue -86.0% year-over-year).
- 2013: Revenue of $374K, expenses of $292K, and assets of $2.9M (revenue -63.0% year-over-year).
- 2011: Revenue of $1.0M, expenses of $615K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broad Moor Development Corporation:
Data Sources and Methodology
This transparency report for Broad Moor 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.