Destiny Community Development Corporation
Destiny Community Development Corporation maintains stable assets despite consistent operating deficits and no reported officer compensation.
EIN: 200203845 · Brick, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $630K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $252K |
| Transparency Score | 75/100 |
Is Destiny Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Destiny Community Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Destiny Community Development Corporation
Destiny Community Development Corporation (EIN: 200203845) is a nonprofit organization based in Brick, NJ. The organization reported total revenue of $1.5M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Destiny Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Destiny Community Development Corporation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $603K |
| Total Expenses | $630K |
| Surplus / Deficit | $-27,158 |
| Total Assets | $1.1M |
| Total Liabilities | $824K |
| Net Assets | $252K |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 76.6% |
| Months of Reserves | 20.5 months |
Financial Health Grade: C
In 2023, Destiny Community Development Corporation reported a deficit of $27K with expenses exceeding revenue, holds 20.5 months of operating reserves (strong position), has a debt-to-asset ratio of 76.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Destiny Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | +1.1% | -4.4% |
| 2022 | -10.5% | -10.8% | -2.4% |
| 2021 | +28.2% | +25.6% | +2.8% |
| 2020 | +1.3% | +5.2% | +1.9% |
| 2019 | -11.1% | -15.6% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Destiny Community Development Corporation 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, Destiny Community Development 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 deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.6%.
Executive Compensation Analysis
Destiny Community Development Corporation has consistently reported 0% officer compensation across all 13 available IRS 990 filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with over $600,000 in annual revenue.
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 Destiny Community Development Corporation's IRS 990 filings:
- Consistent operating deficits in multiple years (e.g., 202312, 201712, 201612) without clear explanation of how these are covered long-term.
- Lack of detailed functional expense breakdown prevents precise assessment of program vs. administrative spending.
Strengths
The following positive indicators were identified for Destiny Community Development Corporation:
- Consistent reporting of 0% officer compensation, indicating a strong potential for program-focused spending or volunteer leadership.
- Stable asset base consistently over $1 million, demonstrating financial resilience despite operational fluctuations.
- Decreasing trend in liabilities over the past decade, improving the organization's financial leverage.
- Long filing history (13 filings) indicates consistent compliance and operational longevity.
Frequently Asked Questions about Destiny Community Development Corporation
Is Destiny Community Development Corporation a legitimate charity?
Destiny Community Development Corporation (EIN: 200203845) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Destiny Community Development Corporation spend its money?
Destiny Community Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Destiny Community Development Corporation tax-deductible?
Destiny Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 200203845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Destiny Community Development Corporation CEO make?
Destiny Community Development Corporation's highest-compensated officer earns $600,000 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Destiny Community Development Corporation's spending goes to programs?
Destiny Community Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Destiny Community Development Corporation located?
Destiny Community Development Corporation is headquartered in Brick, New Jersey and files with the IRS under EIN 200203845.
How many years of IRS 990 filings does Destiny Community Development Corporation have?
Destiny Community Development Corporation 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 $1.5M in total revenue.
Is Destiny Community Development Corporation a good charity?
Based on the available data, the organization demonstrates financial stability with consistent assets and no reported officer compensation, suggesting a strong program focus. However, without detailed functional expense breakdowns, a complete assessment of 'goodness' is limited.
How does Destiny Community Development Corporation manage its finances given recurring operating deficits?
The organization has experienced several years where expenses exceeded revenue (e.g., 202312, 201712, 201612). Despite this, it has maintained a stable asset base of over $1 million, suggesting it may be drawing from reserves or has other non-operating income sources not detailed in the summary data to cover these deficits.
What is the significance of 0% officer compensation?
Reporting 0% officer compensation across all filings is highly significant. It implies that the organization's executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which could contribute to a higher percentage of funds going directly to programs.
Has the organization's financial health improved or declined over the past decade?
Financially, the organization has maintained a relatively stable operational scale. While revenue and expenses have fluctuated, assets have remained consistently above $1 million. Liabilities have shown a positive trend, decreasing from over $1.1 million in 201412 to $824,337 in 202312, indicating an improvement in its debt position.
Filing History
IRS 990 filing history for Destiny Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Destiny Community Development Corporation's revenue has declined by 0.9%, moving from $608K to $603K. Total assets decreased by 19.9% over the same period, from $1.3M to $1.1M. Total functional expenses rose by 16%, from $543K to $630K. In its most recent filing year (2023), Destiny Community Development Corporation reported a deficit of $27K, with expenses exceeding revenue. The organization holds $824K in liabilities against $1.1M in assets (debt-to-asset ratio: 76.6%), resulting in net assets of $252K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $603K | $630K | $1.1M | $824K | — | — |
| 2022 | $662K | $623K | $1.1M | $847K | — | View 990 |
| 2021 | $740K | $698K | $1.2M | $913K | — | View 990 |
| 2020 | $577K | $556K | $1.1M | $923K | — | View 990 |
| 2019 | $570K | $528K | $1.1M | $924K | — | View 990 |
| 2018 | $641K | $626K | $1.1M | $972K | — | View 990 |
| 2017 | $812K | $917K | $1.1M | $1.0M | — | View 990 |
| 2016 | $924K | $947K | $1.3M | $1.1M | — | View 990 |
| 2015 | $955K | $973K | $1.3M | $1.1M | — | View 990 |
| 2014 | $958K | $999K | $1.4M | $1.1M | — | View 990 |
| 2013 | $1.4M | $1.3M | $1.5M | $1.2M | — | View 990 |
| 2012 | $2.5M | $2.4M | $1.3M | $1.1M | — | View 990 |
| 2011 | $608K | $543K | $1.3M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $603K, expenses of $630K, and assets of $1.1M (revenue -9.0% year-over-year).
- 2022: Revenue of $662K, expenses of $623K, and assets of $1.1M (revenue -10.5% year-over-year).
- 2021: Revenue of $740K, expenses of $698K, and assets of $1.2M (revenue +28.2% year-over-year).
- 2020: Revenue of $577K, expenses of $556K, and assets of $1.1M (revenue +1.3% year-over-year).
- 2019: Revenue of $570K, expenses of $528K, and assets of $1.1M (revenue -11.1% year-over-year).
- 2018: Revenue of $641K, expenses of $626K, and assets of $1.1M (revenue -21.0% year-over-year).
- 2017: Revenue of $812K, expenses of $917K, and assets of $1.1M (revenue -12.1% year-over-year).
- 2016: Revenue of $924K, expenses of $947K, and assets of $1.3M (revenue -3.3% year-over-year).
- 2015: Revenue of $955K, expenses of $973K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2014: Revenue of $958K, expenses of $999K, and assets of $1.4M (revenue -32.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $1.5M (revenue -44.2% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $1.3M (revenue +316.9% year-over-year).
- 2011: Revenue of $608K, expenses of $543K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Destiny Community Development Corporation:
Data Sources and Methodology
This transparency report for Destiny Community Development 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.