Eastern American Certified Development Company Inc
Eastern American Certified Development Company Inc shows strong financial growth and consistent surpluses, with no reported officer compensation.
EIN: 204647454 · Palisades Park, NJ · NTEE: S43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $407K |
| Total Expenses | $828K |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Eastern American Certified Development Company Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastern American Certified Development Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastern American Certified Development Company Inc
Eastern American Certified Development Company Inc (EIN: 204647454) is a nonprofit organization based in Palisades Park, NJ, classified under NTEE code S43. The organization reported total revenue of $407K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern American Certified Development Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern American Certified Development Company Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $828K |
| Surplus / Deficit | +$435K |
| Total Assets | $1.6M |
| Total Liabilities | $312K |
| Net Assets | $1.3M |
| Operating Margin | 34.4% |
| Debt-to-Asset Ratio | 19.9% |
| Months of Reserves | 22.7 months |
Financial Health Grade: A
In 2023, Eastern American Certified Development Company Inc reported a surplus of $435K with revenue exceeding expenses, holds 22.7 months of operating reserves (strong position), has a debt-to-asset ratio of 19.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eastern American Certified Development Company Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.8% | +53.1% | -17.2% |
| 2022 | +282.1% | -0.1% | +420.9% |
| 2021 | -19.9% | +109.0% | -0.9% |
| 2020 | +20.8% | -22.0% | -39.7% |
| 2019 | +6.0% | -33.3% | +154.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 Eastern American Certified Development Company Inc with a Mission Score of 90 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, Eastern American Certified Development Company 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 surplus of $435K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation from the organization, which is a strong positive for financial efficiency and transparency.
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.
Strengths
The following positive indicators were identified for Eastern American Certified Development Company Inc:
- Consistent financial surpluses, with revenue exceeding expenses in most periods.
- Significant growth in assets, reaching $1,568,675 in 2023.
- 0% officer compensation reported across all filings, indicating strong financial transparency and efficiency.
- Decreasing liabilities in the most recent period, from $376,617 in 2022 to $312,301 in 2023.
Frequently Asked Questions about Eastern American Certified Development Company Inc
Is Eastern American Certified Development Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern American Certified Development Company Inc (EIN: 204647454) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Eastern American Certified Development Company Inc spend its money?
Eastern American Certified Development Company Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eastern American Certified Development Company Inc tax-deductible?
Eastern American Certified Development Company Inc is registered as a tax-exempt nonprofit (EIN: 204647454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eastern American Certified Development Company Inc's spending goes to programs?
Eastern American Certified Development Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Eastern American Certified Development Company Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Eastern American Certified Development Company Inc is above average for NTEE category S43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eastern American Certified Development Company Inc located?
Eastern American Certified Development Company Inc is headquartered in Palisades Park, New Jersey and files with the IRS under EIN 204647454. It is classified under NTEE code S43.
How many years of IRS 990 filings does Eastern American Certified Development Company Inc have?
Eastern American Certified Development Company 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 $407K in total revenue.
Is Eastern American Certified Development Company Inc a good charity?
Based on the provided financial data, Eastern American Certified Development Company Inc appears to be a financially healthy and transparent organization. It consistently generates surpluses, has growing assets, and reports 0% officer compensation, which are all positive indicators.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, particularly in recent years. Assets have increased from $363,839 in 2021 to $1,568,675 in 2023, and revenue has generally outpaced expenses, leading to consistent surpluses.
What is the organization's approach to executive compensation?
Eastern American Certified Development Company Inc reports 0% officer compensation in all available filings, indicating that its executives do not receive salaries from the organization.
Filing History
IRS 990 filing history for Eastern American Certified Development Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eastern American Certified Development Company Inc's revenue has declined by 13.4%, moving from $1.5M to $1.3M. Total assets increased by 12.6% over the same period, from $1.4M to $1.6M. Total functional expenses rose by 34.5%, from $616K to $828K. In its most recent filing year (2023), Eastern American Certified Development Company Inc reported a surplus of $435K, with revenue exceeding expenses. The organization holds $312K in liabilities against $1.6M in assets (debt-to-asset ratio: 19.9%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $828K | $1.6M | $312K | — | — |
| 2022 | $2.1M | $541K | $1.9M | $377K | — | View 990 |
| 2021 | $558K | $541K | $364K | $382K | — | View 990 |
| 2020 | $696K | $259K | $367K | $463K | — | View 990 |
| 2019 | $576K | $332K | $609K | $255K | — | View 990 |
| 2018 | $544K | $498K | $240K | $130K | — | View 990 |
| 2017 | $623K | $525K | $179K | $116K | — | View 990 |
| 2016 | $695K | $574K | $478K | $70K | — | — |
| 2015 | $1.4M | $322K | $355K | $69K | — | View 990 |
| 2014 | $416K | $322K | $39K | $859K | — | View 990 |
| 2013 | $491K | $533K | $60K | $973K | — | View 990 |
| 2012 | $558K | $610K | $112K | $990K | — | View 990 |
| 2011 | $1.5M | $616K | $1.4M | $867K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $828K, and assets of $1.6M (revenue -40.8% year-over-year).
- 2022: Revenue of $2.1M, expenses of $541K, and assets of $1.9M (revenue +282.1% year-over-year).
- 2021: Revenue of $558K, expenses of $541K, and assets of $364K (revenue -19.9% year-over-year).
- 2020: Revenue of $696K, expenses of $259K, and assets of $367K (revenue +20.8% year-over-year).
- 2019: Revenue of $576K, expenses of $332K, and assets of $609K (revenue +6.0% year-over-year).
- 2018: Revenue of $544K, expenses of $498K, and assets of $240K (revenue -12.7% year-over-year).
- 2017: Revenue of $623K, expenses of $525K, and assets of $179K (revenue -10.3% year-over-year).
- 2016: Revenue of $695K, expenses of $574K, and assets of $478K (revenue -51.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $322K, and assets of $355K (revenue +243.9% year-over-year).
- 2014: Revenue of $416K, expenses of $322K, and assets of $39K (revenue -15.3% year-over-year).
- 2013: Revenue of $491K, expenses of $533K, and assets of $60K (revenue -12.1% year-over-year).
- 2012: Revenue of $558K, expenses of $610K, and assets of $112K (revenue -61.7% year-over-year).
- 2011: Revenue of $1.5M, expenses of $616K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern American Certified Development Company Inc:
Data Sources and Methodology
This transparency report for Eastern American Certified Development Company 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.