Greenville Re Development Coproration
EIN: 471060223 · Greenville, SC · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.8M |
| Net Assets | $13.9M |
Is Greenville Re Development Coproration Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greenville Re Development Coproration
Greenville Re Development Coproration (EIN: 471060223) is a nonprofit organization based in Greenville, SC, classified under NTEE code L20. The organization reported total revenue of $2.5M and total assets of $16.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenville Re Development Coproration's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenville Re Development Coproration is a mid-size nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -31.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-974,841 |
| Total Assets | $16.8M |
| Total Liabilities | $2.9M |
| Net Assets | $13.9M |
| Operating Margin | -53.4% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 72.0 months |
Financial Health Grade: B
In 2023, Greenville Re Development Coproration reported a deficit of $975K with expenses exceeding revenue, holds 72.0 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Greenville Re Development Coproration's revenue has declined at a compound annual growth rate (CAGR) of -31.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.9% | -0.8% | -5.9% |
| 2022 | -5.1% | +15.8% | -6.5% |
| 2021 | +47.1% | +25.1% | +30.2% |
| 2020 | -2.1% | +14.9% | -4.4% |
| 2019 | +0.1% | -49.6% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greenville Re Development Coproration 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 Greenville Re Development Coproration 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 $975K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.3%.
Frequently Asked Questions about Greenville Re Development Coproration
Is Greenville Re Development Coproration a legitimate charity?
Greenville Re Development Coproration (EIN: 471060223) is a registered tax-exempt nonprofit based in South Carolina. It has 7 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: B.
How does Greenville Re Development Coproration spend its money?
Greenville Re Development Coproration reported $2.5M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greenville Re Development Coproration tax-deductible?
Greenville Re Development Coproration is registered as a tax-exempt nonprofit (EIN: 471060223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greenville Re Development Coproration located?
Greenville Re Development Coproration is headquartered in Greenville, South Carolina and files with the IRS under EIN 471060223. It is classified under NTEE code L20.
How many years of IRS 990 filings does Greenville Re Development Coproration have?
Greenville Re Development Coproration has 7 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Greenville Re Development Coproration showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Greenville Re Development Coproration's revenue has declined by 90%, moving from $18.3M to $1.8M. Total assets decreased by 7.5% over the same period, from $18.2M to $16.8M. Total functional expenses rose by 516.1%, from $455K to $2.8M. In its most recent filing year (2023), Greenville Re Development Coproration reported a deficit of $975K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $16.8M in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $13.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.8M | $16.8M | $2.9M | — | — |
| 2022 | $1.7M | $2.8M | $17.8M | $3.0M | — | View 990 |
| 2021 | $1.8M | $2.4M | $19.1M | $3.1M | — | View 990 |
| 2020 | $1.2M | $1.9M | $14.7M | $168K | — | View 990 |
| 2019 | $1.2M | $1.7M | $15.3M | $95K | — | View 990 |
| 2018 | $1.2M | $3.4M | $15.8M | $130K | — | View 990 |
| 2017 | $18.3M | $455K | $18.2M | $307K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.8M, and assets of $16.8M (revenue +8.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.8M, and assets of $17.8M (revenue -5.1% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.4M, and assets of $19.1M (revenue +47.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.9M, and assets of $14.7M (revenue -2.1% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.7M, and assets of $15.3M (revenue +0.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $3.4M, and assets of $15.8M (revenue -93.3% year-over-year).
- 2017: Revenue of $18.3M, expenses of $455K, and assets of $18.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenville Re Development Coproration:
Data Sources and Methodology
This transparency report for Greenville Re Development Coproration 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.