Decatur Corridor Development Inc
Decatur Corridor Development Inc. faces persistent operating deficits and declining assets.
EIN: 201025360 · Decatur, AL · NTEE: T30 · Updated: 2026-03-28
Is Decatur Corridor Development Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Decatur Corridor Development Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Decatur Corridor Development Inc
Decatur Corridor Development Inc (EIN: 201025360) is a nonprofit organization based in Decatur, AL, classified under NTEE code T30. The organization reported total revenue of $110K and total assets of $297K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Decatur Corridor Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Decatur Corridor Development Inc is a small nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -14.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $51K |
| Surplus / Deficit | $-33,941 |
| Total Assets | $297K |
| Total Liabilities | $1 |
| Net Assets | $297K |
| Operating Margin | -200.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 70.0 months |
Financial Health Grade: B
In 2021, Decatur Corridor Development Inc reported a deficit of $34K with expenses exceeding revenue, holds 70.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Decatur Corridor Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -69.6% | -29.6% | -10.3% |
| 2020 | -17.3% | -36.6% | -4.8% |
| 2019 | -14.0% | +35.3% | -11.4% |
| 2015 | +17.5% | +261.8% | -1.5% |
| 2014 | +107.3% | -24.2% | +12.3% |
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 Decatur Corridor Development Inc 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, Decatur Corridor Development Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is unusual for an organization with its level of expenses.
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 Decatur Corridor Development Inc's IRS 990 filings:
- Persistent operating deficits (e.g., $33,941 deficit in 2021, $16,528 in 2020, $46,565 in 2019).
- Declining asset base (from $397,645 in 2014 to $296,860 in 2021).
- Consistent reporting of only $1 in liabilities, which may indicate incomplete financial reporting or an unusual financial structure.
Strengths
The following positive indicators were identified for Decatur Corridor Development Inc:
- Consistent filing of IRS 990 forms, demonstrating basic transparency.
- No reported officer compensation, suggesting a potentially low overhead for executive leadership.
Frequently Asked Questions about Decatur Corridor Development Inc
Is Decatur Corridor Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Decatur Corridor Development Inc (EIN: 201025360) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Decatur Corridor Development Inc spend its money?
Decatur Corridor Development Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Decatur Corridor Development Inc tax-deductible?
Decatur Corridor Development Inc is registered as a tax-exempt nonprofit (EIN: 201025360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Decatur Corridor Development Inc. financially sustainable?
Based on the provided data, the organization has consistently reported expenses exceeding revenue in recent years (e.g., $50,873 expenses vs. $16,932 revenue in 2021), leading to operating deficits and a decline in assets from $397,645 in 2014 to $296,860 in 2021. This trend suggests a challenge to long-term financial sustainability without significant changes to revenue generation or expense management.
How does the organization fund its operations given the deficits?
The persistent deficits imply that the organization is either drawing down its existing assets, receiving non-revenue contributions not captured in the 'Revenue' line item, or operating on a cash basis that allows for short-term deficits. The declining asset base suggests that drawing down reserves is a likely factor.
What is the breakdown of the organization's expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a comprehensive assessment of spending efficiency.
Filing History
IRS 990 filing history for Decatur Corridor Development Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Decatur Corridor Development Inc's revenue has declined by 77.9%, moving from $77K to $17K. Total assets decreased by 9.8% over the same period, from $329K to $297K. Total functional expenses rose by 117.7%, from $23K to $51K. In its most recent filing year (2021), Decatur Corridor Development Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $1 in liabilities against $297K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $297K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $17K | $51K | $297K | $1 | — | View 990 |
| 2020 | $56K | $72K | $331K | $1 | — | — |
| 2019 | $67K | $114K | $347K | $1 | — | — |
| 2015 | $78K | $84K | $392K | $1 | — | View 990 |
| 2014 | $67K | $23K | $398K | $1 | — | View 990 |
| 2013 | $32K | $31K | $354K | $1 | — | View 990 |
| 2012 | $51K | $27K | $354K | $1K | — | View 990 |
| 2011 | $77K | $23K | $329K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $17K, expenses of $51K, and assets of $297K (revenue -69.6% year-over-year).
- 2020: Revenue of $56K, expenses of $72K, and assets of $331K (revenue -17.3% year-over-year).
- 2019: Revenue of $67K, expenses of $114K, and assets of $347K (revenue -14.0% year-over-year).
- 2015: Revenue of $78K, expenses of $84K, and assets of $392K (revenue +17.5% year-over-year).
- 2014: Revenue of $67K, expenses of $23K, and assets of $398K (revenue +107.3% year-over-year).
- 2013: Revenue of $32K, expenses of $31K, and assets of $354K (revenue -36.4% year-over-year).
- 2012: Revenue of $51K, expenses of $27K, and assets of $354K (revenue -33.9% year-over-year).
- 2011: Revenue of $77K, expenses of $23K, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Decatur Corridor Development Inc:
Data Sources and Methodology
This transparency report for Decatur Corridor 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.