Fallbrook Community Development Corporation
EIN: 471162906 · Houston, TX · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Net Assets | $-89,823 |
Is Fallbrook Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fallbrook Community Development Corporation
Fallbrook Community Development Corporation (EIN: 471162906) is a nonprofit organization based in Houston, TX, classified under NTEE code B21. The organization reported total revenue of $1.1M and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fallbrook Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fallbrook Community Development Corporation is a mid-size nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 28.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-251,272 |
| Total Assets | $95K |
| Total Liabilities | $184K |
| Net Assets | $-89,823 |
| Operating Margin | -22.3% |
| Debt-to-Asset Ratio | 194.9% |
| Months of Reserves | 0.8 months |
Financial Health Grade: D
In 2023, Fallbrook Community Development Corporation reported a deficit of $251K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 194.9% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Fallbrook Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 28.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | +30.8% | -75.1% |
| 2022 | +25.3% | +67.2% | +27.9% |
| 2021 | +127.6% | +50.6% | +1700.9% |
| 2020 | -51.2% | -48.9% | -55.7% |
| 2019 | +5.1% | +2.0% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fallbrook Community Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fallbrook Community Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $251K, with expenses exceeding revenue.
- Debt-to-asset ratio: 194.9%.
Frequently Asked Questions about Fallbrook Community Development Corporation
Is Fallbrook Community Development Corporation a legitimate charity?
Fallbrook Community Development Corporation (EIN: 471162906) is a registered tax-exempt nonprofit based in Texas. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: D.
How does Fallbrook Community Development Corporation spend its money?
Fallbrook Community Development Corporation reported $1.1M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fallbrook Community Development Corporation tax-deductible?
Fallbrook Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 471162906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fallbrook Community Development Corporation located?
Fallbrook Community Development Corporation is headquartered in Houston, Texas and files with the IRS under EIN 471162906. It is classified under NTEE code B21.
How many years of IRS 990 filings does Fallbrook Community Development Corporation have?
Fallbrook Community Development Corporation has 10 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Fallbrook Community Development Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Fallbrook Community Development Corporation's revenue has grown by 849%, moving from $119K to $1.1M. Total assets increased by 3.4% over the same period, from $92K to $95K. Total functional expenses rose by 565%, from $208K to $1.4M. In its most recent filing year (2023), Fallbrook Community Development Corporation reported a deficit of $251K, with expenses exceeding revenue. The organization holds $184K in liabilities against $95K in assets (debt-to-asset ratio: 194.9%), resulting in net assets of $-89,823.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $95K | $184K | — | — |
| 2022 | $1.1M | $1.1M | $380K | $179K | — | View 990 |
| 2021 | $909K | $631K | $297K | $180K | — | View 990 |
| 2020 | $400K | $419K | $16K | $178K | — | View 990 |
| 2019 | $818K | $820K | $37K | $179K | — | View 990 |
| 2018 | $779K | $804K | $44K | $184K | — | View 990 |
| 2017 | $763K | $740K | $72K | $186K | — | View 990 |
| 2016 | $751K | $736K | $49K | $186K | — | View 990 |
| 2015 | $814K | $876K | $34K | $185K | — | View 990 |
| 2014 | $119K | $208K | $92K | $180K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $95K (revenue -0.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $380K (revenue +25.3% year-over-year).
- 2021: Revenue of $909K, expenses of $631K, and assets of $297K (revenue +127.6% year-over-year).
- 2020: Revenue of $400K, expenses of $419K, and assets of $16K (revenue -51.2% year-over-year).
- 2019: Revenue of $818K, expenses of $820K, and assets of $37K (revenue +5.1% year-over-year).
- 2018: Revenue of $779K, expenses of $804K, and assets of $44K (revenue +2.1% year-over-year).
- 2017: Revenue of $763K, expenses of $740K, and assets of $72K (revenue +1.6% year-over-year).
- 2016: Revenue of $751K, expenses of $736K, and assets of $49K (revenue -7.8% year-over-year).
- 2015: Revenue of $814K, expenses of $876K, and assets of $34K (revenue +584.4% year-over-year).
- 2014: Revenue of $119K, expenses of $208K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fallbrook Community Development Corporation:
Data Sources and Methodology
This transparency report for Fallbrook 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.