Claremont Neighborhood Centers Inc
Claremont Neighborhood Centers Inc. faces recent financial deficit despite historical operational stability.
EIN: 136016450 · Bronx, NY · NTEE: P28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $3.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.9 |
| Net Assets | $-103,590 |
| Transparency Score | 80/100 |
Is Claremont Neighborhood Centers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Claremont Neighborhood Centers Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Claremont Neighborhood Centers Inc
Claremont Neighborhood Centers Inc (EIN: 136016450) is a nonprofit organization based in Bronx, NY, classified under NTEE code P28Z. The organization reported total revenue of $4.1M and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Claremont Neighborhood Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Claremont Neighborhood Centers Inc is a mid-size nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-455,811 |
| Total Assets | $635K |
| Total Liabilities | $739K |
| Net Assets | $-103,590 |
| Operating Margin | -15.6% |
| Debt-to-Asset Ratio | 116.3% |
| Months of Reserves | 2.3 months |
Financial Health Grade: D
In 2023, Claremont Neighborhood Centers Inc reported a deficit of $456K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 116.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Claremont Neighborhood Centers Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +6.2% | +55.7% |
| 2022 | +4.0% | +16.9% | -44.9% |
| 2021 | +17.3% | +6.6% | +37.8% |
| 2020 | -9.9% | -9.9% | +43.8% |
| 2019 | +7.0% | +3.2% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Claremont Neighborhood Centers Inc with a Mission Score of 80 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, Claremont Neighborhood Centers Inc 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 deficit of $456K, with expenses exceeding revenue.
- Debt-to-asset ratio: 116.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization with over $2.9 million in annual revenue and suggests either a fully volunteer executive team or that compensation is reported under other expense categories, though the former is more likely given the consistent 0% reporting.
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 Claremont Neighborhood Centers Inc's IRS 990 filings:
- Expenses significantly exceeded revenue in the latest filing (202306) by $455,811.
- Liabilities ($738,564) exceeded assets ($634,974) in the latest filing (202306), indicating a negative net asset position.
Strengths
The following positive indicators were identified for Claremont Neighborhood Centers Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent operation.
- Historically, revenues have generally covered expenses, indicating sound financial management prior to the latest period.
Frequently Asked Questions about Claremont Neighborhood Centers Inc
Is Claremont Neighborhood Centers Inc a legitimate charity?
Claremont Neighborhood Centers Inc (EIN: 136016450) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.1M. 2 red flags identified. 3 strengths noted. Financial health grade: D.
How does Claremont Neighborhood Centers Inc spend its money?
Claremont Neighborhood Centers Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Claremont Neighborhood Centers Inc tax-deductible?
Claremont Neighborhood Centers Inc is registered as a tax-exempt nonprofit (EIN: 136016450). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Claremont Neighborhood Centers Inc CEO make?
Claremont Neighborhood Centers Inc's highest-compensated officer earns $2.9 annually. The organization reported $4.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Claremont Neighborhood Centers Inc's spending goes to programs?
Claremont Neighborhood Centers Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Claremont Neighborhood Centers Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Claremont Neighborhood Centers Inc is above average for NTEE category P28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Claremont Neighborhood Centers Inc located?
Claremont Neighborhood Centers Inc is headquartered in Bronx, New York and files with the IRS under EIN 136016450. It is classified under NTEE code P28Z.
How many years of IRS 990 filings does Claremont Neighborhood Centers Inc have?
Claremont Neighborhood Centers Inc 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 $4.1M in total revenue.
Is Claremont Neighborhood Centers Inc. financially stable?
While the organization has historically managed its finances well, the latest filing (202306) shows expenses exceeding revenue by $455,811, which is a concern for its short-term financial stability. This deficit led to a decrease in assets and an increase in liabilities.
How does Claremont Neighborhood Centers Inc. manage executive compensation?
The organization consistently reports 0% officer compensation across all available filings, suggesting that its executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is a strong indicator of efficient resource allocation.
What is the trend in the organization's assets?
Assets have fluctuated over the years, from a high of $740,188 in 202106 to $634,974 in 202306. The recent decline in assets, coupled with increased liabilities, warrants attention.
Filing History
IRS 990 filing history for Claremont Neighborhood Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Claremont Neighborhood Centers Inc's revenue has grown by 17.2%, moving from $2.5M to $2.9M. Total assets increased by 27.3% over the same period, from $499K to $635K. Total functional expenses rose by 31.1%, from $2.6M to $3.4M. In its most recent filing year (2023), Claremont Neighborhood Centers Inc reported a deficit of $456K, with expenses exceeding revenue. The organization holds $739K in liabilities against $635K in assets (debt-to-asset ratio: 116.3%), resulting in net assets of $-103,590.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.4M | $635K | $739K | — | — |
| 2022 | $3.1M | $3.2M | $408K | $351K | — | View 990 |
| 2021 | $3.0M | $2.7M | $740K | $618K | — | — |
| 2020 | $2.6M | $2.6M | $537K | $687K | — | — |
| 2019 | $2.8M | $2.8M | $373K | $523K | — | View 990 |
| 2018 | $2.6M | $2.7M | $321K | $471K | — | View 990 |
| 2017 | $3.2M | $3.2M | $526K | $387K | — | View 990 |
| 2016 | $3.6M | $3.5M | $620K | $512K | — | View 990 |
| 2015 | $3.4M | $3.5M | $490K | $444K | — | View 990 |
| 2014 | $2.7M | $2.8M | $529K | $450K | — | View 990 |
| 2013 | $3.2M | $3.3M | $631K | $463K | — | View 990 |
| 2012 | $2.5M | $2.6M | $457K | $226K | — | View 990 |
| 2011 | $2.5M | $2.6M | $499K | $153K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.4M, and assets of $635K (revenue -6.3% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.2M, and assets of $408K (revenue +4.0% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.7M, and assets of $740K (revenue +17.3% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.6M, and assets of $537K (revenue -9.9% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $373K (revenue +7.0% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.7M, and assets of $321K (revenue -18.0% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.2M, and assets of $526K (revenue -10.5% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.5M, and assets of $620K (revenue +4.7% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.5M, and assets of $490K (revenue +29.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.8M, and assets of $529K (revenue -17.2% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.3M, and assets of $631K (revenue +29.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.6M, and assets of $457K (revenue +0.5% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.6M, and assets of $499K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Claremont Neighborhood Centers Inc:
Data Sources and Methodology
This transparency report for Claremont Neighborhood Centers 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.