Community Development Inc
Community Development Inc: Strong Asset Growth, High Program Spending, but Declining Revenue
EIN: 222813032 · Boston, MA · NTEE: S200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $342K |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $259,763, |
| Net Assets | $1.4M |
| Transparency Score | 75/100 |
Is Community Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Development Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Development Inc
Community Development Inc (EIN: 222813032) is a nonprofit organization based in Boston, MA, classified under NTEE code S200. The organization reported total revenue of $342K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Development Inc is a small nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-194,613 |
| Total Assets | $1.6M |
| Total Liabilities | $260K |
| Net Assets | $1.4M |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 15.9% |
| Months of Reserves | 8.9 months |
Financial Health Grade: B
In 2023, Community Development Inc reported a deficit of $195K with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 15.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Community Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +377.2% | -10.0% |
| 2022 | +185.3% | -42.0% | +308.1% |
| 2021 | +15.4% | +144.2% | -24.6% |
| 2020 | -21.6% | -44.9% | +62.6% |
| 2019 | +1070.9% | +447.1% | +697.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Community Development Inc with a Mission Score of 75 out of 100 (Good). 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, Community Development 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 $195K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.9%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with the highest reported compensation in 2023 being $259,763, which is 13% of total revenue for that year.
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 Community Development Inc's IRS 990 filings:
- Revenue has seen a significant decline from $1,998,114 in 2023 to $341,565 in the current period, which needs further investigation.
- The organization reported $0 in contributions for all years, which is unusual for a nonprofit and may indicate a different funding model or reporting anomaly.
Strengths
The following positive indicators were identified for Community Development Inc:
- Consistently high program spending, averaging over 80% of total expenses in recent years.
- Significant asset growth, from $444,456 in 2021 to $1,483,016 currently, indicating strong financial management or successful capital campaigns.
- Long operational history with consistent filing of financial documents.
Frequently Asked Questions about Community Development Inc
Is Community Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Development Inc (EIN: 222813032) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Community Development Inc spend its money?
Community Development Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Development Inc tax-deductible?
Community Development Inc is registered as a tax-exempt nonprofit (EIN: 222813032). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Community Development Inc CEO make?
Community Development Inc's highest-compensated officer earns $259,763, annually. The organization reported $342K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Community Development Inc's spending goes to programs?
Community Development Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Development Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Community Development Inc is above average for NTEE category S200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Development Inc located?
Community Development Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222813032. It is classified under NTEE code S200.
How many years of IRS 990 filings does Community Development Inc have?
Community Development Inc has 14 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 $342K in total revenue.
What does Community Development Inc do?
Community Development Inc is a nonprofit organization in the Community Improvement sector, located in Boston, Massachusetts. It is classified under NTEE code S200.
How much revenue does Community Development Inc have?
Community Development Inc reported total revenue of $341,565. Based on 14 IRS 990 filings on record.
What are Community Development Inc's total assets?
Community Development Inc holds total assets of $1,483,016 as reported in IRS 990 filings.
Where is Community Development Inc located?
Community Development Inc is based in Boston, Massachusetts.
What is Community Development Inc's EIN?
Community Development Inc's Employer Identification Number (EIN) is 222813032. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Development Inc?
Community Development Inc is classified under NTEE code S200 (Community Improvement).
Is Community Development Inc a registered 501(c)(3)?
Yes, Community Development Inc is recognized as a tax-exempt organization by the IRS. EIN: 222813032.
Does Community Development Inc file IRS Form 990?
Yes, Community Development Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Community Development Inc's revenue in 2023?
In the 202312 filing period, Community Development Inc reported total revenue of $1,998,114, total expenses of $2,192,727, and net assets of $1,631,654.
Is Community Development Inc's revenue growing or declining?
Community Development Inc's revenue is growing. Revenue went from $1,808,385 (202212) to $1,998,114 (202312), a +10.5% change. Based on 14 filings on record.
What is Community Development Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Community Development Inc covers tax period 202312. It shows revenue of $1,998,114, expenses of $2,192,727, total assets of $1,631,654, and liabilities of $259,763.
How much does Community Development Inc spend on programs vs administration?
Based on IRS 990 analysis, Community Development Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Community Development Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Development Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Community Development Inc?
The following concerns were identified: Revenue has seen a significant decline from $1,998,114 in 2023 to $341,565 in the current period, which needs further investigation.. The organization reported $0 in contributions for all years, which is unusual for a nonprofit and may indicate a different funding model or reporting anomaly.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Community Development Inc's strengths?
Positive indicators for Community Development Inc include: Consistently high program spending, averaging over 80% of total expenses in recent years.. Significant asset growth, from $444,456 in 2021 to $1,483,016 currently, indicating strong financial management or successful capital campaigns.. Long operational history with consistent filing of financial documents.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Development Inc compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with the highest reported compensation in 2023 being $259,763, which is 13% of total revenue for that year. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the primary source of revenue given the consistent reporting of $0 in contributions?
The financial data indicates that the primary revenue source is not traditional contributions, suggesting reliance on grants, program service fees, or investment income, which would require deeper analysis of their 990s to confirm.
What caused the drastic drop in revenue from $1,998,114 in 2023 to $341,565 in the current period?
The significant revenue decline could be due to the completion of a major project, a change in funding cycles, or a reclassification of income. This warrants further investigation into their most recent financial statements or annual reports.
Filing History
IRS 990 filing history for Community Development Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Community Development Inc's revenue has declined by 12.2%, moving from $2.3M to $2.0M. Total assets decreased by 79.4% over the same period, from $7.9M to $1.6M. Total functional expenses rose by 28.2%, from $1.7M to $2.2M. In its most recent filing year (2023), Community Development Inc reported a deficit of $195K, with expenses exceeding revenue. The organization holds $260K in liabilities against $1.6M in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.2M | $1.6M | $260K | — | — |
| 2022 | $1.8M | $460K | $1.8M | $247K | — | View 990 |
| 2021 | $634K | $792K | $444K | $227K | — | View 990 |
| 2020 | $549K | $324K | $589K | $214K | — | View 990 |
| 2019 | $701K | $588K | $362K | $212K | — | View 990 |
| 2018 | $60K | $107K | $45K | $8K | — | View 990 |
| 2017 | $299 | $15K | $110K | $15K | — | View 990 |
| 2017 | $502K | $1.1M | $121K | $12K | — | View 990 |
| 2016 | $37.4M | $12.4M | $695K | $15K | — | View 990 |
| 2015 | $2.3M | $20.8M | $9.6M | $33.9M | — | View 990 |
| 2014 | $2.4M | $2.1M | $9.4M | $15.2M | — | View 990 |
| 2013 | $2.4M | $1.8M | $9.7M | $15.6M | — | View 990 |
| 2012 | $2.4M | $1.6M | $8.2M | $14.7M | — | View 990 |
| 2011 | $2.3M | $1.7M | $7.9M | $15.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.2M, and assets of $1.6M (revenue +10.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $460K, and assets of $1.8M (revenue +185.3% year-over-year).
- 2021: Revenue of $634K, expenses of $792K, and assets of $444K (revenue +15.4% year-over-year).
- 2020: Revenue of $549K, expenses of $324K, and assets of $589K (revenue -21.6% year-over-year).
- 2019: Revenue of $701K, expenses of $588K, and assets of $362K (revenue +1070.9% year-over-year).
- 2018: Revenue of $60K, expenses of $107K, and assets of $45K (revenue +19918.4% year-over-year).
- 2017: Revenue of $299, expenses of $15K, and assets of $110K (revenue -99.9% year-over-year).
- 2017: Revenue of $502K, expenses of $1.1M, and assets of $121K (revenue -98.7% year-over-year).
- 2016: Revenue of $37.4M, expenses of $12.4M, and assets of $695K (revenue +1495.7% year-over-year).
- 2015: Revenue of $2.3M, expenses of $20.8M, and assets of $9.6M (revenue -0.6% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.1M, and assets of $9.4M (revenue -3.0% year-over-year).
- 2013: Revenue of $2.4M, expenses of $1.8M, and assets of $9.7M (revenue +1.9% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.6M, and assets of $8.2M (revenue +4.7% year-over-year).
- 2011: Revenue of $2.3M, expenses of $1.7M, and assets of $7.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Development Inc:
Data Sources and Methodology
This transparency report for Community Development 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.