Ccrc Development Corporation

Ccrc Development Corporation faces significant operating deficits and high liabilities, raising sustainability concerns.

EIN: 203537708 · Oviedo, FL · NTEE: L22 · Updated: 2026-03-28

$23.7MRevenue

$169.6MAssets

45/100Mission Score (Fair)

L22

About Ccrc Development Corporation

Ccrc Development Corporation (EIN: 203537708) is a nonprofit organization based in Oviedo, FL, classified under NTEE code L22. The organization reported total revenue of $23.7M and total assets of $169.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ccrc Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ccrc Development Corporation exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years. For example, in 2022, the organization reported revenue of $6,235,289 against expenses of $12,092,773, indicating a significant operating deficit. This pattern of spending more than it earns raises questions about long-term sustainability and reliance on external funding or asset depletion. The organization's assets have fluctuated significantly, from $17,948,106 in 2017 to $211,986,794 in 2022, while liabilities have also grown substantially, often exceeding assets, as seen in 2022 where liabilities were $232,590,774 against assets of $211,986,794. This suggests a highly leveraged financial structure.

The consistent reporting of 0% officer compensation across all available filings is a positive indicator of executive compensation transparency and potentially efficient use of funds in that area. However, the overall financial health is challenged by the persistent operating deficits and the high ratio of liabilities to assets. The NTEE code L22 (Housing Development, Construction & Management) suggests a capital-intensive mission, which might explain the large asset and liability figures, but the revenue generation does not appear to keep pace with the operational costs or debt servicing.

Given the available data, the organization's financial health appears precarious due to sustained operating losses and a high debt burden. While executive compensation is not a concern, the overall financial strategy and sustainability warrant closer scrutiny. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging beyond the top-line figures.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ccrc Development Corporation with a Mission Score of 45 out of 100 (Fair). 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, Ccrc Development Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that no compensation was paid to officers, directors, or trustees, which is a strong positive for financial efficiency in this area.

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 Ccrc Development Corporation's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenue, e.g., $12M expenses vs. $6.2M revenue in 2022).
Liabilities frequently exceed assets (e.g., $232.5M liabilities vs. $211.9M assets in 2022), indicating a highly leveraged financial position.
Zero revenue reported for multiple years (2018-2020) while still incurring significant expenses.
Significant fluctuations in assets and liabilities without clear corresponding revenue generation.

Strengths

The following positive indicators were identified for Ccrc Development Corporation:

Consistently reports 0% officer compensation, indicating efficient use of funds in executive pay.
Engaged in a capital-intensive mission (Housing Development) which can have significant community impact.

Frequently Asked Questions about Ccrc Development Corporation

Is Ccrc Development Corporation financially sustainable given its consistent operating deficits?

The organization has consistently reported expenses exceeding revenue in recent years (e.g., $12M expenses vs. $6.2M revenue in 2022), which raises significant concerns about its long-term financial sustainability without substantial external support or a change in financial strategy.

What is the nature of the large liabilities reported by the organization?

The organization consistently reports very high liabilities, often exceeding its assets (e.g., $232.5M liabilities vs. $211.9M assets in 2022). Given its NTEE code (Housing Development), these likely relate to mortgages, construction loans, or other debt associated with property development and management.

How does the organization cover its operating deficits?

The provided data does not specify how the organization covers its operating deficits. It could be through drawing down reserves, new debt, or other non-operating income sources not detailed in the summary.

Why was there zero revenue reported for several years (2018-2020)?

The filings show zero revenue for periods 201812, 201912, and 202012. This is unusual for an active organization and could indicate a period of dormancy, a change in reporting, or that revenue was recognized in a different entity or period not captured here.

Filing History

IRS 990 filing history for Ccrc Development Corporation showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2015–2022), Ccrc Development Corporation's revenue has grown by 14398.6%, moving from $43K to $6.2M. Total assets increased by 36503.8% over the same period, from $579K to $212.0M. In its most recent filing year (2022), Ccrc Development Corporation reported a deficit of $5.9M, with expenses exceeding revenue. The organization holds $232.6M in liabilities against $212.0M in assets (debt-to-asset ratio: 109.7%), resulting in net assets of $-20,603,980.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$6.2M	$12.1M	$212.0M	$232.6M	—	View 990
2021	$4K	$2.3M	$181.0M	$191.8M	—	View 990
2020	$0	$2.0M	$177.0M	$185.6M	—	—
2019	$0	$2.7M	$171.1M	$177.7M	—	View 990
2018	$0	$2.0M	$21.3M	$24.6M	—	View 990
2017	$0	$0	$17.9M	$17.6M	—	View 990
2016	$15K	$2K	$15.7M	$15.3M	—	View 990
2015	$259K	$0	$954K	$651K	—	View 990
2015	$43K	$0	$579K	$536K	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $6.2M, expenses of $12.1M, and assets of $212.0M (revenue +146543.7% year-over-year).
2021: Revenue of $4K, expenses of $2.3M, and assets of $181.0M.
2020: Revenue of $0, expenses of $2.0M, and assets of $177.0M.
2019: Revenue of $0, expenses of $2.7M, and assets of $171.1M.
2018: Revenue of $0, expenses of $2.0M, and assets of $21.3M.
2017: Revenue of $0, expenses of $0, and assets of $17.9M (revenue -100.0% year-over-year).
2016: Revenue of $15K, expenses of $2K, and assets of $15.7M (revenue -94.2% year-over-year).
2015: Revenue of $259K, expenses of $0, and assets of $954K (revenue +503.3% year-over-year).
2015: Revenue of $43K, expenses of $0, and assets of $579K.

Data Sources and Methodology

This transparency report for Ccrc 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.