Central Area Neighborhood Development Organization
Central Area Neighborhood Development Organization shows recent revenue growth and no reported officer compensation.
EIN: 201794339 · Minneapolis, MN · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1,235,455 |
| Net Assets | $218K |
| Transparency Score | 85/100 |
Is Central Area Neighborhood Development Organization Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Area Neighborhood Development Organization directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Area Neighborhood Development Organization
Central Area Neighborhood Development Organization (EIN: 201794339) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code S20. The organization reported total revenue of $1.0M and total assets of $214K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Area Neighborhood Development Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Area Neighborhood Development Organization is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$118K |
| Total Assets | $279K |
| Total Liabilities | $62K |
| Net Assets | $218K |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 22.0% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Central Area Neighborhood Development Organization reported a surplus of $118K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 22.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central Area Neighborhood Development Organization's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.2% | +32.7% | -23.9% |
| 2022 | +12.8% | +17.8% | +53.5% |
| 2021 | -6.0% | +20.8% | +30.5% |
| 2020 | +117.0% | +71.7% | +305.8% |
| 2019 | +31.2% | +34.7% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Central Area Neighborhood Development Organization with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Central Area Neighborhood Development Organization allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $118K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.0%.
Executive Compensation Analysis
Central Area Neighborhood Development Organization consistently reports 0% officer compensation across all 13 available filings, indicating that no portion of its revenue, which reached $1,235,455 in 2023, is allocated to executive salaries.
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 Central Area Neighborhood Development Organization's IRS 990 filings:
- Occasional operating deficits (e.g., 2022: expenses $841,684 vs. revenue $791,143)
Strengths
The following positive indicators were identified for Central Area Neighborhood Development Organization:
- Consistent revenue growth over the past decade, from $121,823 in 2014 to $1,235,455 in 2023.
- Zero reported officer compensation across all 13 filings, indicating high efficiency in executive spending.
- Healthy asset growth, reaching $279,159 in 2023.
- Positive net assets and a strong asset-to-liability ratio in recent years (e.g., 2023 assets $279,159 vs. liabilities $61,510).
Frequently Asked Questions about Central Area Neighborhood Development Organization
Is Central Area Neighborhood Development Organization a legitimate charity?
Central Area Neighborhood Development Organization (EIN: 201794339) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Central Area Neighborhood Development Organization spend its money?
Central Area Neighborhood Development Organization directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Central Area Neighborhood Development Organization tax-deductible?
Central Area Neighborhood Development Organization is registered as a tax-exempt nonprofit (EIN: 201794339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Area Neighborhood Development Organization CEO make?
Central Area Neighborhood Development Organization's highest-compensated officer earns $1,235,455 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Central Area Neighborhood Development Organization's spending goes to programs?
Central Area Neighborhood Development Organization directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Area Neighborhood Development Organization compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Central Area Neighborhood Development Organization is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Area Neighborhood Development Organization located?
Central Area Neighborhood Development Organization is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 201794339. It is classified under NTEE code S20.
How many years of IRS 990 filings does Central Area Neighborhood Development Organization have?
Central Area Neighborhood Development Organization has 13 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 $1.0M in total revenue.
Is Central Area Neighborhood Development Organization a good charity?
Based on the available data, CANDO appears to be a good charity. It has demonstrated revenue growth, a healthy asset position, and a strong commitment to not paying officer compensation, suggesting a focus on its mission.
How has CANDO's financial health changed over time?
CANDO has shown significant growth, with revenue increasing from $121,823 in 2014 to $1,235,455 in 2023. While there have been periods of deficits (e.g., 2022, 2021), the overall trend is positive, with a substantial increase in assets from $29,748 in 2014 to $279,159 in 2023.
Does CANDO pay its executives?
No, CANDO consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no executive salaries are paid.
Filing History
IRS 990 filing history for Central Area Neighborhood Development Organization showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Area Neighborhood Development Organization's revenue has grown by 418.8%, moving from $238K to $1.2M. Total assets increased by 778.9% over the same period, from $32K to $279K. Total functional expenses rose by 412.2%, from $218K to $1.1M. In its most recent filing year (2023), Central Area Neighborhood Development Organization reported a surplus of $118K, with revenue exceeding expenses. The organization holds $62K in liabilities against $279K in assets (debt-to-asset ratio: 22.0%), resulting in net assets of $218K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $279K | $62K | — | — |
| 2022 | $791K | $842K | $367K | $267K | — | View 990 |
| 2021 | $701K | $714K | $239K | $89K | — | View 990 |
| 2020 | $746K | $592K | $183K | $20K | — | View 990 |
| 2019 | $344K | $345K | $45K | $37K | — | View 990 |
| 2018 | $262K | $256K | $43K | $34K | — | View 990 |
| 2017 | $212K | $209K | $28K | $23K | — | — |
| 2016 | $152K | $154K | $33K | $32K | — | View 990 |
| 2015 | $204K | $201K | $42K | $38K | — | View 990 |
| 2014 | $122K | $142K | $30K | $29K | — | View 990 |
| 2013 | $150K | $148K | $55K | $33K | — | View 990 |
| 2012 | $113K | $125K | $30K | $11K | — | View 990 |
| 2011 | $238K | $218K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $279K (revenue +56.2% year-over-year).
- 2022: Revenue of $791K, expenses of $842K, and assets of $367K (revenue +12.8% year-over-year).
- 2021: Revenue of $701K, expenses of $714K, and assets of $239K (revenue -6.0% year-over-year).
- 2020: Revenue of $746K, expenses of $592K, and assets of $183K (revenue +117.0% year-over-year).
- 2019: Revenue of $344K, expenses of $345K, and assets of $45K (revenue +31.2% year-over-year).
- 2018: Revenue of $262K, expenses of $256K, and assets of $43K (revenue +23.4% year-over-year).
- 2017: Revenue of $212K, expenses of $209K, and assets of $28K (revenue +40.1% year-over-year).
- 2016: Revenue of $152K, expenses of $154K, and assets of $33K (revenue -25.6% year-over-year).
- 2015: Revenue of $204K, expenses of $201K, and assets of $42K (revenue +67.3% year-over-year).
- 2014: Revenue of $122K, expenses of $142K, and assets of $30K (revenue -19.0% year-over-year).
- 2013: Revenue of $150K, expenses of $148K, and assets of $55K (revenue +33.7% year-over-year).
- 2012: Revenue of $113K, expenses of $125K, and assets of $30K (revenue -52.7% year-over-year).
- 2011: Revenue of $238K, expenses of $218K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Area Neighborhood Development Organization:
Data Sources and Methodology
This transparency report for Central Area Neighborhood Development Organization 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.