Cade Development Corporation Inc
Cade Development Corporation Inc reports minimal operational activity and zero revenue in its latest filing, despite holding over $575,000 in assets.
EIN: 205022456 · Jackson, MS · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $690 |
| Net Assets | $575K |
| Transparency Score | 30/100 |
Is Cade Development Corporation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cade Development Corporation Inc
Cade Development Corporation Inc (EIN: 205022456) is a nonprofit organization based in Jackson, MS, classified under NTEE code L22. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cade Development Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cade Development Corporation Inc is a micro nonprofit that has been operating for 17 years, with 4 years of IRS 990 filings on record (2012–2015).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -100.0% | -2.8% | +0.3% |
| 2014 | +439.6% | -57.9% | +81.9% |
| 2013 | -82.3% | -18.6% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Cade Development Corporation Inc 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Cade Development Corporation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reflected in these specific disclosures. This is unusual for an organization with significant assets, suggesting a volunteer-led structure or a different operational model.
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 Cade Development Corporation Inc's IRS 990 filings:
- Zero revenue in the latest filing (201512) despite significant assets.
- Extremely low expenses relative to assets, suggesting minimal operational activity or impact.
- Consistent 0% officer compensation, which can raise questions about leadership structure and sustainability.
- Lack of clear program spending given the minimal overall expenses, making it difficult to assess mission fulfillment.
Strengths
The following positive indicators were identified for Cade Development Corporation Inc:
- No reported liabilities across all filing periods, indicating strong financial solvency.
- Significant asset base (over $575,000 in 2015) provides potential for future activities.
- Consistent IRS 990 filing history demonstrates compliance with reporting requirements.
Frequently Asked Questions about Cade Development Corporation Inc
Is Cade Development Corporation Inc a legitimate charity?
Cade Development Corporation Inc (EIN: 205022456) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 30/100. It has 4 years of IRS 990 filings on record. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cade Development Corporation Inc spend its money?
Cade Development Corporation Inc reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cade Development Corporation Inc tax-deductible?
Cade Development Corporation Inc is registered as a tax-exempt nonprofit (EIN: 205022456). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cade Development Corporation Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Cade Development Corporation Inc is below average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cade Development Corporation Inc located?
Cade Development Corporation Inc is headquartered in Jackson, Mississippi and files with the IRS under EIN 205022456. It is classified under NTEE code L22.
How many years of IRS 990 filings does Cade Development Corporation Inc have?
Cade Development Corporation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What is the current purpose of Cade Development Corporation Inc given its minimal operational expenses and zero revenue in the latest period?
The filings indicate very low operational activity, with expenses of only $690 in 2015 and $0 revenue. This suggests the organization may be dormant, a holding entity, or operating with non-cash resources, but its current purpose is not clear from the financial data alone.
How are the organization's substantial assets (e.g., $575,344 in 2015) being utilized or managed if operational expenses are so low?
The financial data does not provide details on asset utilization. With minimal expenses, it's unclear if these assets are generating income, being held for future projects, or are non-liquid assets like property that require little operational spending.
Why has officer compensation consistently been reported as 0%?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or compensation is structured in a way that is not reported as officer compensation on the 990 forms, which is unusual for an organization with significant assets.
Filing History
IRS 990 filing history for Cade Development Corporation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Cade Development Corporation Inc's revenue has declined by 100%, moving from $271K to $0. Total assets increased by 113.8% over the same period, from $269K to $575K. Total functional expenses fell by 66.7%, from $2K to $690.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $0 | $690 | $575K | $0 | — | View 990 |
| 2014 | $259K | $710 | $574K | $0 | — | View 990 |
| 2013 | $48K | $2K | $315K | $0 | — | View 990 |
| 2012 | $271K | $2K | $269K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $0, expenses of $690, and assets of $575K (revenue -100.0% year-over-year).
- 2014: Revenue of $259K, expenses of $710, and assets of $574K (revenue +439.6% year-over-year).
- 2013: Revenue of $48K, expenses of $2K, and assets of $315K (revenue -82.3% year-over-year).
- 2012: Revenue of $271K, expenses of $2K, and assets of $269K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cade Development Corporation Inc:
Data Sources and Methodology
This transparency report for Cade Development Corporation Inc 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.