Elwood Community Development Corporation
Elwood Community Development Corporation shows fluctuating revenue and expenses, with declining assets but significantly reduced liabilities over time.
EIN: 201700622 · Elwood, IN · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $211K |
| Total Expenses | $79K |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Elwood Community Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Elwood Community Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Elwood Community Development Corporation in one place.
Form 990 Filing Summary
6 filing years are available, with latest revenue of $213K and expenses of $79K.
Revenue and Expenses
Elwood Community Development Corporation reported $213K in revenue and $79K in expenses, a surplus of $134K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Elwood 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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $63K (80%) |
Across stored filings, Elwood Community Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 6 stored filing years |
| Peer context | Compare with Sigma Kappa Sorority | Indiana and Community Improvement context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Sigma Kappa Sorority →All Indiana nonprofits
All Community Improvement
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Elwood, IN nonprofitsCommunity Improvement in Indiana
Public Benefit in Indiana
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Community Improvement spending
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Donation Decision Flow
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Next Best Actions
Keep the Investigation Moving
Elwood Community Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elwood Community Development Corporation
Elwood Community Development Corporation (EIN: 201700622) is a nonprofit organization based in Elwood, IN, classified under NTEE code S30. The organization reported total revenue of $211K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elwood Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elwood Community Development Corporation is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 39.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $79K |
| Surplus / Deficit | +$134K |
| Total Assets | $1.3M |
| Total Liabilities | $114 |
| Net Assets | $1.3M |
| Operating Margin | 63.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.3 months |
Financial Health Grade: A
In 2023, Elwood Community Development Corporation reported a surplus of $134K with revenue exceeding expenses, holds 193.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2016–2023), Elwood Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 39.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +346.3% | -79.7% | -8.0% |
| 2022 | -78.1% | +211.3% | -21.9% |
| 2021 | +888.1% | +4.2% | +5.2% |
| 2018 | -51.9% | -14.0% | -6.8% |
| 2017 | +121.0% | -9.0% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Elwood Community Development Corporation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Elwood Community Development Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and asset base and suggests a volunteer-led executive structure.
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 Elwood Community Development Corporation's IRS 990 filings:
- Significant year-to-year revenue and expense volatility, as seen with a $339,574 deficit in 2022.
- Consistent decline in total assets over the filing period, from $1,916,295 in 2016 to $1,266,202 in 2023.
Strengths
The following positive indicators were identified for Elwood Community Development Corporation:
- Zero officer compensation reported across all filings, indicating a volunteer-driven model and potentially lower overhead.
- Dramatic reduction in liabilities from $614,872 in 2016 to $114 in 2023, demonstrating excellent debt management.
- Positive net income in 2023 ($212,775 revenue vs. $78,586 expenses).
Frequently Asked Questions about Elwood Community Development Corporation
Is Elwood Community Development Corporation a legitimate charity?
Elwood Community Development Corporation (EIN: 201700622) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 70/100. It has 6 years of IRS 990 filings on record. Total revenue: $211K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Elwood Community Development Corporation spend its money?
Elwood Community Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Elwood Community Development Corporation tax-deductible?
Elwood Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 201700622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elwood Community Development Corporation's spending goes to programs?
Elwood Community Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elwood Community Development Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Elwood Community Development Corporation is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elwood Community Development Corporation located?
Elwood Community Development Corporation is headquartered in Elwood, Indiana and files with the IRS under EIN 201700622. It is classified under NTEE code S30.
How many years of IRS 990 filings does Elwood Community Development Corporation have?
Elwood Community Development Corporation has 6 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 $211K in total revenue.
Is Elwood Community Development Corporation financially stable?
The organization's financial stability is inconsistent. While it reported a surplus in 2023 ($212,775 revenue vs. $78,586 expenses), it incurred a significant deficit in 2022 ($47,679 revenue vs. $387,253 expenses). This volatility suggests potential challenges in consistent funding.
How has the organization's asset base changed?
Elwood Community Development Corporation's assets have generally declined from $1,916,295 in 2016 to $1,266,202 in 2023, representing a decrease of over $600,000 during this period.
What is the trend in the organization's liabilities?
The organization has significantly reduced its liabilities, from $614,872 in 2016 to a remarkably low $114 in 2023, indicating strong financial management in debt reduction.
Does the organization pay its officers?
No, all available IRS 990 filings for Elwood Community Development Corporation report 0% officer compensation, suggesting a volunteer-based leadership structure.
Filing History
IRS 990 filing history for Elwood Community Development Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2016–2023), Elwood Community Development Corporation's revenue has grown by 926%, moving from $21K to $213K. Total assets decreased by 33.9% over the same period, from $1.9M to $1.3M. Total functional expenses fell by 48.5%, from $152K to $79K. In its most recent filing year (2023), Elwood Community Development Corporation reported a surplus of $134K, with revenue exceeding expenses. The organization holds $114 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $79K | $1.3M | $114 | — | — |
| 2022 | $48K | $387K | $1.4M | $142K | — | View 990 |
| 2021 | $218K | $124K | $1.8M | $190K | — | View 990 |
| 2018 | $22K | $119K | $1.7M | $565K | — | View 990 |
| 2017 | $46K | $139K | $1.8M | $589K | — | View 990 |
| 2016 | $21K | $152K | $1.9M | $615K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $79K, and assets of $1.3M (revenue +346.3% year-over-year).
- 2022: Revenue of $48K, expenses of $387K, and assets of $1.4M (revenue -78.1% year-over-year).
- 2021: Revenue of $218K, expenses of $124K, and assets of $1.8M (revenue +888.1% year-over-year).
- 2018: Revenue of $22K, expenses of $119K, and assets of $1.7M (revenue -51.9% year-over-year).
- 2017: Revenue of $46K, expenses of $139K, and assets of $1.8M (revenue +121.0% year-over-year).
- 2016: Revenue of $21K, expenses of $152K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elwood Community Development Corporation:
Data Sources and Methodology
This transparency report for Elwood 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.