Canyon Springs Marketplace North Corp

Canyon Springs Marketplace North Corp consistently reports $0 expenses despite millions in revenue, hindering financial transparency.

EIN: 202313717 · San Mateo, CA · NTEE: S470 · Updated: 2026-03-28

$4.6MRevenue

$40.6MAssets

10/100Mission Score (Very Poor)

S470

About Canyon Springs Marketplace North Corp

Canyon Springs Marketplace North Corp (EIN: 202313717) is a nonprofit organization based in San Mateo, CA, classified under NTEE code S470. The organization reported total revenue of $4.6M and total assets of $40.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Canyon Springs Marketplace North Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Canyon Springs Marketplace North Corp's financial health appears stable, with consistent revenue generation over the past decade, averaging over $2 million annually. The organization consistently reports $0 in expenses across all available filings, which is highly unusual for any operating entity, nonprofit or otherwise. This lack of reported expenses makes it impossible to assess spending efficiency or program effectiveness. Without a breakdown of how funds are utilized, particularly for program services, administrative costs, or fundraising, the organization's financial transparency is severely limited. The consistent growth in assets, reaching over $40 million, while liabilities remain relatively low, suggests strong asset management, but the absence of expense reporting prevents a comprehensive financial analysis.

The NTEE code S470 (Community Development Corporations) suggests a mission focused on community improvement, but the financial data provides no insight into how this mission is being achieved. The organization's consistent reporting of zero officer compensation is a positive note regarding executive pay, but it doesn't compensate for the overall lack of expenditure detail. To improve transparency and allow for proper financial assessment, Canyon Springs Marketplace North Corp would need to provide detailed expense breakdowns in future filings.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Canyon Springs Marketplace North Corp with a Mission Score of 10 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.

Spending Breakdown

admin: 0%
programs: 0%
fundraising: 0%

According to IRS 990 filings, Canyon Springs Marketplace North Corp allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating no salaries or other compensation paid to officers, which is unusual for an entity with over $40 million in assets.

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 Canyon Springs Marketplace North Corp's IRS 990 filings:

Consistent reporting of $0 expenses despite significant revenue (e.g., $2,046,637 in 202312), which is highly unusual and lacks transparency.
Inability to assess spending efficiency or program effectiveness due to missing expense data.
Lack of detailed financial information makes it impossible to verify the organization's operational activities.

Strengths

The following positive indicators were identified for Canyon Springs Marketplace North Corp:

Consistent revenue generation, averaging over $2 million annually.
Strong asset base, consistently over $40 million, indicating good asset management.
Low liabilities relative to assets, suggesting financial stability.
No reported officer compensation, indicating no direct executive salaries from the organization.

Frequently Asked Questions about Canyon Springs Marketplace North Corp

How does Canyon Springs Marketplace North Corp operate with $0 in reported expenses?

The IRS 990 filings for Canyon Springs Marketplace North Corp consistently show $0 in reported expenses, which is highly unusual and suggests either an error in reporting or a unique operational structure not detailed in the available public records. Without expense details, it's impossible to understand how the organization achieves its mission or manages its assets.

What programs does Canyon Springs Marketplace North Corp run?

Based on the NTEE code S470 (Community Development Corporations), Canyon Springs Marketplace North Corp is likely involved in community development initiatives. However, the IRS 990 filings do not provide any details on specific programs or how the organization's revenue is utilized to support them, as all expenses are reported as $0.

Is Canyon Springs Marketplace North Corp financially transparent?

No, Canyon Springs Marketplace North Corp exhibits very low financial transparency due to its consistent reporting of $0 in expenses across all filings. This lack of detailed expenditure information makes it impossible for the public to understand how the organization's significant revenue and assets are being used.

Filing History

IRS 990 filing history for Canyon Springs Marketplace North Corp showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Canyon Springs Marketplace North Corp's revenue has declined by 16.9%, moving from $2.5M to $2.0M. Total assets increased by 26.9% over the same period, from $32.9M to $41.7M. The organization holds $901K in liabilities against $41.7M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $40.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.0M	$0	$41.7M	$901K	—	View 990
2022	$841K	$0	$38.8M	$257K	—	—
2021	$1.2M	$0	$34.0M	$165K	—	View 990
2020	$1.8M	$0	$31.3M	$146K	—	—
2019	$2.7M	$0	$41.9M	$87K	—	—
2018	$2.6M	$0	$41.4M	$64K	—	View 990
2017	$2.3M	$0	$42.6M	$83K	—	View 990
2016	$2.7M	$0	$42.5M	$47K	—	View 990
2015	$2.7M	$0	$47.5M	$56K	—	View 990
2014	$2.2M	$0	$43.6M	$52K	—	View 990
2013	$2.9M	$0	$37.9M	$30K	—	View 990
2012	$2.6M	$0	$37.1M	$31K	—	View 990
2011	$2.5M	$0	$32.9M	$49K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.0M, expenses of $0, and assets of $41.7M (revenue +143.5% year-over-year).
2022: Revenue of $841K, expenses of $0, and assets of $38.8M (revenue -30.9% year-over-year).
2021: Revenue of $1.2M, expenses of $0, and assets of $34.0M (revenue -33.4% year-over-year).
2020: Revenue of $1.8M, expenses of $0, and assets of $31.3M (revenue -31.7% year-over-year).
2019: Revenue of $2.7M, expenses of $0, and assets of $41.9M (revenue +1.3% year-over-year).
2018: Revenue of $2.6M, expenses of $0, and assets of $41.4M (revenue +15.1% year-over-year).
2017: Revenue of $2.3M, expenses of $0, and assets of $42.6M (revenue -15.4% year-over-year).
2016: Revenue of $2.7M, expenses of $0, and assets of $42.5M (revenue +1.9% year-over-year).
2015: Revenue of $2.7M, expenses of $0, and assets of $47.5M (revenue +18.6% year-over-year).
2014: Revenue of $2.2M, expenses of $0, and assets of $43.6M (revenue -21.7% year-over-year).
2013: Revenue of $2.9M, expenses of $0, and assets of $37.9M (revenue +8.2% year-over-year).
2012: Revenue of $2.6M, expenses of $0, and assets of $37.1M (revenue +7.5% year-over-year).
2011: Revenue of $2.5M, expenses of $0, and assets of $32.9M.

Data Sources and Methodology

This transparency report for Canyon Springs Marketplace North 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.