Great Falls Preservation & Development Corp
Great Falls Preservation & Development Corp: Consistent Revenue, Modest Assets
EIN: 221949620 · Paterson, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $151K |
| Total Expenses | $167K |
| Program Spending | 75% |
| Net Assets | $118K |
| Transparency Score | 65/100 |
Is Great Falls Preservation & Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Falls Preservation & Development Corp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Falls Preservation & Development Corp
Great Falls Preservation & Development Corp (EIN: 221949620) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $151K and total assets of $295K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Falls Preservation & Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Falls Preservation & Development Corp is a small nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $169K |
| Total Expenses | $167K |
| Surplus / Deficit | +$2K |
| Total Assets | $118K |
| Net Assets | $118K |
| Operating Margin | 1.4% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2022, Great Falls Preservation & Development Corp reported a surplus of $2K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2022), Great Falls Preservation & Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -4.1% | -3.9% | +2.7% |
| 2021 | -2.6% | -4.6% | -40.8% |
| 2020 | -8.2% | +0.5% | -0.5% |
| 2019 | +3.1% | -28.4% | +1.8% |
| 2018 | -8.9% | +28.5% | +116.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1973 |
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 Great Falls Preservation & Development Corp with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Great Falls Preservation & Development Corp allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for key employees or officers were provided in the available data.
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 Great Falls Preservation & Development Corp's IRS 990 filings:
- Lack of detailed program spending breakdown makes it difficult to assess direct impact.
- Assets have fluctuated significantly, from $194,799 in 2019 to $117,926 in 2022, without clear explanation.
Strengths
The following positive indicators were identified for Great Falls Preservation & Development Corp:
- Consistent revenue generation over the past several years, averaging around $180,000 annually.
- Maintains a positive asset base, indicating financial stability.
- Regular financial reporting demonstrates a commitment to transparency at a basic level.
Frequently Asked Questions about Great Falls Preservation & Development Corp
Is Great Falls Preservation & Development Corp a legitimate charity?
Great Falls Preservation & Development Corp (EIN: 221949620) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $151K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Great Falls Preservation & Development Corp spend its money?
Great Falls Preservation & Development Corp directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Great Falls Preservation & Development Corp tax-deductible?
Great Falls Preservation & Development Corp is registered as a tax-exempt nonprofit (EIN: 221949620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Great Falls Preservation & Development Corp's spending goes to programs?
Great Falls Preservation & Development Corp directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Great Falls Preservation & Development Corp located?
Great Falls Preservation & Development Corp is headquartered in Paterson, New Jersey and files with the IRS under EIN 221949620.
How many years of IRS 990 filings does Great Falls Preservation & Development Corp have?
Great Falls Preservation & 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 $151K in total revenue.
What does Great Falls Preservation & Development Corp do?
Great Falls Preservation & Development Corp is a nonprofit organization in the Unknown sector, located in Paterson, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Great Falls Preservation & Development Corp have?
Great Falls Preservation & Development Corp reported total revenue of $150,544. Based on 13 IRS 990 filings on record.
What are Great Falls Preservation & Development Corp's total assets?
Great Falls Preservation & Development Corp holds total assets of $294,744 as reported in IRS 990 filings.
Where is Great Falls Preservation & Development Corp located?
Great Falls Preservation & Development Corp is based in Paterson, New Jersey.
What is Great Falls Preservation & Development Corp's EIN?
Great Falls Preservation & Development Corp's Employer Identification Number (EIN) is 221949620. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Great Falls Preservation & Development Corp?
Great Falls Preservation & Development Corp is classified under NTEE code Unknown (Unknown).
Is Great Falls Preservation & Development Corp a registered 501(c)(3)?
Great Falls Preservation & Development Corp appears in IRS records (EIN: 221949620). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Great Falls Preservation & Development Corp file IRS Form 990?
Yes, Great Falls Preservation & Development Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202212.
What was Great Falls Preservation & Development Corp's revenue in 2022?
In the 202212 filing period, Great Falls Preservation & Development Corp reported total revenue of $169,284, total expenses of $166,982, and net assets of $117,926.
Is Great Falls Preservation & Development Corp's revenue growing or declining?
Great Falls Preservation & Development Corp's revenue is relatively stable. Revenue went from $176,445 (202112) to $169,284 (202212), a -4.1% change. Based on 13 filings on record.
What is Great Falls Preservation & Development Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Great Falls Preservation & Development Corp covers tax period 202212. It shows revenue of $169,284, expenses of $166,982, total assets of $117,926, and liabilities of N/A.
How much does Great Falls Preservation & Development Corp spend on programs vs administration?
Based on IRS 990 analysis, Great Falls Preservation & Development Corp allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Great Falls Preservation & Development Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Great Falls Preservation & Development Corp shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Great Falls Preservation & Development Corp?
The following concerns were identified: Lack of detailed program spending breakdown makes it difficult to assess direct impact.. Assets have fluctuated significantly, from $194,799 in 2019 to $117,926 in 2022, without clear explanation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Great Falls Preservation & Development Corp's strengths?
Positive indicators for Great Falls Preservation & Development Corp include: Consistent revenue generation over the past several years, averaging around $180,000 annually.. Maintains a positive asset base, indicating financial stability.. Regular financial reporting demonstrates a commitment to transparency at a basic level.. These findings are derived from AI analysis of the organization's financial filings.
How does Great Falls Preservation & Development Corp compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for key employees or officers were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue, what specific preservation and development projects has Great Falls Preservation & Development Corp undertaken in Paterson, NJ, and what measurable impact have they achieved?
The provided data does not detail specific projects or their outcomes, making it difficult to assess the direct impact of their work in Paterson, NJ, despite consistent revenue streams.
Filing History
IRS 990 filing history for Great Falls Preservation & Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Great Falls Preservation & Development Corp's revenue has declined by 44.3%, moving from $304K to $169K. Total assets decreased by 55.3% over the same period, from $264K to $118K. Total functional expenses fell by 45.3%, from $305K to $167K. In its most recent filing year (2022), Great Falls Preservation & Development Corp reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $169K | $167K | $118K | $0 | — | View 990 |
| 2021 | $176K | $174K | $115K | $0 | — | View 990 |
| 2020 | $181K | $182K | $194K | $0 | — | — |
| 2019 | $197K | $181K | $195K | $0 | — | View 990 |
| 2018 | $191K | $253K | $191K | $0 | — | View 990 |
| 2017 | $210K | $197K | $88K | $0 | — | View 990 |
| 2016 | $264K | $249K | $85K | $0 | — | View 990 |
| 2015 | $263K | $258K | $165K | $0 | — | View 990 |
| 2014 | $280K | $291K | $155K | $0 | — | View 990 |
| 2013 | $246K | $263K | $225K | $59K | — | View 990 |
| 2012 | $273K | $305K | $248K | $47K | — | View 990 |
| 2011 | $289K | $285K | $261K | $28K | — | View 990 |
| 2010 | $304K | $305K | $264K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $169K, expenses of $167K, and assets of $118K (revenue -4.1% year-over-year).
- 2021: Revenue of $176K, expenses of $174K, and assets of $115K (revenue -2.6% year-over-year).
- 2020: Revenue of $181K, expenses of $182K, and assets of $194K (revenue -8.2% year-over-year).
- 2019: Revenue of $197K, expenses of $181K, and assets of $195K (revenue +3.1% year-over-year).
- 2018: Revenue of $191K, expenses of $253K, and assets of $191K (revenue -8.9% year-over-year).
- 2017: Revenue of $210K, expenses of $197K, and assets of $88K (revenue -20.5% year-over-year).
- 2016: Revenue of $264K, expenses of $249K, and assets of $85K (revenue +0.3% year-over-year).
- 2015: Revenue of $263K, expenses of $258K, and assets of $165K (revenue -6.0% year-over-year).
- 2014: Revenue of $280K, expenses of $291K, and assets of $155K (revenue +13.8% year-over-year).
- 2013: Revenue of $246K, expenses of $263K, and assets of $225K (revenue -9.7% year-over-year).
- 2012: Revenue of $273K, expenses of $305K, and assets of $248K (revenue -5.8% year-over-year).
- 2011: Revenue of $289K, expenses of $285K, and assets of $261K (revenue -4.8% year-over-year).
- 2010: Revenue of $304K, expenses of $305K, and assets of $264K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Falls Preservation & Development Corp:
Data Sources and Methodology
This transparency report for Great Falls Preservation & 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.