Chrysalis Center Real Estate Corporation
Chrysalis Center Real Estate Corporation shows significant asset growth and no reported officer compensation.
EIN: 200243489 · Hartford, CT · NTEE: S47 · Updated: 2026-03-28
Is Chrysalis Center Real Estate Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chrysalis Center Real Estate Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chrysalis Center Real Estate Corporation
Chrysalis Center Real Estate Corporation (EIN: 200243489) is a nonprofit organization based in Hartford, CT, classified under NTEE code S47. The organization reported total revenue of $3.2M and total assets of $63.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chrysalis Center Real Estate Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chrysalis Center Real Estate Corporation 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 33.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$3.7M |
| Total Assets | $54.9M |
| Total Liabilities | $19.2M |
| Net Assets | $35.7M |
| Operating Margin | 47.5% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 163.1 months |
Financial Health Grade: A
In 2023, Chrysalis Center Real Estate Corporation reported a surplus of $3.7M with revenue exceeding expenses, holds 163.1 months of operating reserves (strong position), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chrysalis Center Real Estate Corporation's revenue has grown at a compound annual growth rate (CAGR) of 33.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.0% | +10.7% | +14.8% |
| 2022 | +223.8% | +46.6% | +10.3% |
| 2021 | +1.9% | +3.9% | +21.2% |
| 2020 | -49.5% | +21.1% | +19.8% |
| 2019 | +134.7% | -2.0% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Chrysalis Center Real Estate Corporation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chrysalis Center Real Estate Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $3.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity of its size and asset base. This suggests that executive compensation may be handled by a related parent organization or through a different structure not reflected in these specific filings, or that the organization is primarily volunteer-led at the executive level.
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 Chrysalis Center Real Estate Corporation's IRS 990 filings:
- 0% officer compensation reported, which is highly unusual for an organization of this scale and could indicate compensation is paid by a related entity not reflected in these filings.
Strengths
The following positive indicators were identified for Chrysalis Center Real Estate Corporation:
- Significant and consistent asset growth, from $13.6 million in 2014 to over $63.2 million currently, indicating strong financial health and capacity.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
- Positive net assets across all reported periods, reflecting financial stability.
- Strong revenue generation, with a peak of $7.6 million in 2023, supporting its operations and asset accumulation.
Frequently Asked Questions about Chrysalis Center Real Estate Corporation
Is Chrysalis Center Real Estate Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chrysalis Center Real Estate Corporation (EIN: 200243489) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Chrysalis Center Real Estate Corporation spend its money?
Chrysalis Center Real Estate Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chrysalis Center Real Estate Corporation tax-deductible?
Chrysalis Center Real Estate Corporation is registered as a tax-exempt nonprofit (EIN: 200243489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Chrysalis Center Real Estate Corporation manage executive compensation given the 0% reported?
The consistent reporting of 0% officer compensation across all filings suggests that executive compensation might be paid by a related entity, or that the organization operates with a volunteer executive leadership. Further investigation into its relationship with any parent or affiliated organizations would be necessary to fully understand the compensation structure.
What is the relationship between Chrysalis Center Real Estate Corporation and Chrysalis Center?
The name suggests a close affiliation, likely with Chrysalis Center Real Estate Corporation serving as a supporting organization for the real estate needs of Chrysalis Center. Understanding this relationship is crucial for a complete financial picture, especially regarding shared services or compensation.
What are the specific program activities funded by Chrysalis Center Real Estate Corporation?
Given its NTEE code S47 (Housing Development, Construction & Management) and substantial asset base, its program activities likely involve acquiring, developing, and managing real estate properties to support its mission, presumably related to housing or community services.
Filing History
IRS 990 filing history for Chrysalis Center Real Estate Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chrysalis Center Real Estate Corporation's revenue has grown by 2968.8%, moving from $251K to $7.7M. Total assets increased by 778.3% over the same period, from $6.3M to $54.9M. Total functional expenses rose by 1323.1%, from $284K to $4.0M. In its most recent filing year (2023), Chrysalis Center Real Estate Corporation reported a surplus of $3.7M, with revenue exceeding expenses. The organization holds $19.2M in liabilities against $54.9M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $35.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $4.0M | $54.9M | $19.2M | — | View 990 |
| 2022 | $6.0M | $3.7M | $47.8M | $22.7M | — | View 990 |
| 2021 | $1.9M | $2.5M | $43.4M | $21.5M | — | — |
| 2020 | $1.8M | $2.4M | $35.8M | $13.8M | — | — |
| 2019 | $3.6M | $2.0M | $29.9M | $7.8M | — | View 990 |
| 2018 | $1.5M | $2.0M | $27.6M | $7.2M | — | View 990 |
| 2017 | $3.2M | $1.4M | $25.6M | $4.8M | — | View 990 |
| 2016 | $6.0M | $1.1M | $23.2M | $5.1M | — | View 990 |
| 2015 | $4.2M | $921K | $17.1M | $3.9M | — | View 990 |
| 2014 | $3.1M | $617K | $13.7M | $3.7M | — | View 990 |
| 2013 | $3.0M | $468K | $11.3M | $3.8M | — | View 990 |
| 2012 | $283K | $283K | $6.5M | $1.6M | — | View 990 |
| 2011 | $251K | $284K | $6.3M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $4.0M, and assets of $54.9M (revenue +28.0% year-over-year).
- 2022: Revenue of $6.0M, expenses of $3.7M, and assets of $47.8M (revenue +223.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.5M, and assets of $43.4M (revenue +1.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.4M, and assets of $35.8M (revenue -49.5% year-over-year).
- 2019: Revenue of $3.6M, expenses of $2.0M, and assets of $29.9M (revenue +134.7% year-over-year).
- 2018: Revenue of $1.5M, expenses of $2.0M, and assets of $27.6M (revenue -51.9% year-over-year).
- 2017: Revenue of $3.2M, expenses of $1.4M, and assets of $25.6M (revenue -47.0% year-over-year).
- 2016: Revenue of $6.0M, expenses of $1.1M, and assets of $23.2M (revenue +43.8% year-over-year).
- 2015: Revenue of $4.2M, expenses of $921K, and assets of $17.1M (revenue +35.8% year-over-year).
- 2014: Revenue of $3.1M, expenses of $617K, and assets of $13.7M (revenue +2.8% year-over-year).
- 2013: Revenue of $3.0M, expenses of $468K, and assets of $11.3M (revenue +958.6% year-over-year).
- 2012: Revenue of $283K, expenses of $283K, and assets of $6.5M (revenue +13.0% year-over-year).
- 2011: Revenue of $251K, expenses of $284K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chrysalis Center Real Estate Corporation:
Data Sources and Methodology
This transparency report for Chrysalis Center Real Estate 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.