Frenchville Development Corp
EIN: 237309803 · Frenchville, ME
| Metric | Value |
|---|---|
| Total Revenue | $171K |
| Net Assets | $210K |
Is Frenchville Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Frenchville Development Corp
Frenchville Development Corp (EIN: 237309803) is a nonprofit organization based in Frenchville, ME. The organization reported total revenue of $171K and total assets of $358K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frenchville Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frenchville Development Corp is a small nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $0 |
| Surplus / Deficit | +$33K |
| Total Assets | $350K |
| Total Liabilities | $140K |
| Net Assets | $210K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 40.0% |
Financial Health Grade: A
In 2023, Frenchville Development Corp reported a surplus of $33K with revenue exceeding expenses, has a debt-to-asset ratio of 40.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Frenchville Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.7% | — | +6.5% |
| 2022 | -19.6% | — | +2.5% |
| 2021 | +92.6% | — | +4.7% |
| 2020 | +214.1% | — | +0.6% |
| 2019 | -36.4% | — | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Frenchville Development Corp 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 Frenchville Development Corp 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:
- Debt-to-asset ratio: 40.0%.
Frequently Asked Questions about Frenchville Development Corp
Is Frenchville Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Frenchville Development Corp (EIN: 237309803) insufficient data. 0 red flags identified, 0 strengths noted.
How does Frenchville Development Corp spend its money?
Detailed spending breakdown data is not yet available for Frenchville Development Corp. Check back for updated IRS 990 analysis.
Are donations to Frenchville Development Corp tax-deductible?
Frenchville Development Corp is registered as a tax-exempt nonprofit (EIN: 237309803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Frenchville Development Corp located?
Frenchville Development Corp is headquartered in Frenchville, Maine and files with the IRS under EIN 237309803.
How many years of IRS 990 filings does Frenchville Development Corp have?
Frenchville Development Corp 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 $171K in total revenue.
Filing History
IRS 990 filing history for Frenchville Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Frenchville Development Corp's revenue has declined by 77.7%, moving from $147K to $33K. Total assets increased by 13.5% over the same period, from $308K to $350K. Total functional expenses fell by 100%, from $134K to $0. The organization holds $140K in liabilities against $350K in assets (debt-to-asset ratio: 40.0%), resulting in net assets of $210K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $0 | $350K | $140K | — | — |
| 2022 | $22K | $0 | $328K | $151K | — | View 990 |
| 2021 | $27K | $0 | $320K | $164K | — | — |
| 2020 | $14K | $0 | $306K | $177K | — | — |
| 2019 | $4K | $0 | $304K | $189K | — | View 990 |
| 2018 | $7K | $0 | $311K | $200K | — | View 990 |
| 2017 | $8K | $0 | $315K | $211K | — | View 990 |
| 2016 | $16K | $0 | $317K | $221K | — | View 990 |
| 2015 | $20K | $0 | $323K | $243K | — | View 990 |
| 2014 | $3K | $0 | $298K | $238K | — | View 990 |
| 2013 | $164K | $166K | $303K | $247K | — | View 990 |
| 2012 | $161K | $143K | $315K | $256K | — | View 990 |
| 2011 | $147K | $134K | $308K | $266K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $0, and assets of $350K (revenue +51.7% year-over-year).
- 2022: Revenue of $22K, expenses of $0, and assets of $328K (revenue -19.6% year-over-year).
- 2021: Revenue of $27K, expenses of $0, and assets of $320K (revenue +92.6% year-over-year).
- 2020: Revenue of $14K, expenses of $0, and assets of $306K (revenue +214.1% year-over-year).
- 2019: Revenue of $4K, expenses of $0, and assets of $304K (revenue -36.4% year-over-year).
- 2018: Revenue of $7K, expenses of $0, and assets of $311K (revenue -13.9% year-over-year).
- 2017: Revenue of $8K, expenses of $0, and assets of $315K (revenue -49.3% year-over-year).
- 2016: Revenue of $16K, expenses of $0, and assets of $317K (revenue -20.2% year-over-year).
- 2015: Revenue of $20K, expenses of $0, and assets of $323K (revenue +551.5% year-over-year).
- 2014: Revenue of $3K, expenses of $0, and assets of $298K (revenue -98.1% year-over-year).
- 2013: Revenue of $164K, expenses of $166K, and assets of $303K (revenue +2.1% year-over-year).
- 2012: Revenue of $161K, expenses of $143K, and assets of $315K (revenue +9.6% year-over-year).
- 2011: Revenue of $147K, expenses of $134K, and assets of $308K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frenchville Development Corp:
Data Sources and Methodology
This transparency report for Frenchville Development Corp 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.