Guilford Development Corp
Guilford Development Corp maintains consistent revenue but faces persistent negative net assets due to high liabilities.
EIN: 10282197 · Guilford, ME · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $313K |
| Total Expenses | $331K |
| Program Spending | 80% |
| Net Assets | $-515,034 |
| Transparency Score | 60/100 |
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Guilford Development Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals
Guilford Development Corp 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 Guilford Development Corp in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $333K and expenses of $331K.
Revenue and Expenses
Guilford Development Corp reported $333K in revenue and $331K in expenses, a surplus of $2K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
60/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Guilford Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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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 | $265K (80%) |
Across stored filings, Guilford Development Corp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
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Guilford, ME nonprofitsFollow the Money
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Guilford Development Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Guilford Development Corp
Guilford Development Corp (EIN: 10282197) is a nonprofit organization based in Guilford, ME. The organization reported total revenue of $313K and total assets of $571K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Guilford Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Guilford Development Corp is a small nonprofit that has been operating for 58 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $333K |
| Total Expenses | $331K |
| Surplus / Deficit | +$2K |
| Total Assets | $648K |
| Total Liabilities | $1.2M |
| Net Assets | $-515,034 |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 179.5% |
| Months of Reserves | 23.5 months |
Financial Health Grade: A
In 2022, Guilford Development Corp reported a surplus of $2K with revenue exceeding expenses, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 179.5% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Guilford Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -0.3% | -2.1% | -3.8% |
| 2021 | -1.2% | -4.5% | -6.7% |
| 2020 | -2.3% | +2.0% | -6.5% |
| 2019 | +0.2% | +1.4% | -4.6% |
| 2018 | +0.8% | +3.7% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1968 |
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 Guilford Development Corp with a Mission Score of 60 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, Guilford Development Corp 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 179.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either that executive roles are unpaid or that compensation is not reported under this category, which is a strong positive for transparency and resource allocation relative to its size.
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 Guilford Development Corp's IRS 990 filings:
- Persistent negative net assets (liabilities consistently exceed assets)
- Long-term trend of increasing liabilities relative to assets
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Guilford Development Corp:
- Consistent annual revenue stream over the past decade
- Reported 0% officer compensation, indicating efficient use of funds or volunteer leadership
- Stable expense levels closely matching revenue, suggesting operational control
Frequently Asked Questions about Guilford Development Corp
Is Guilford Development Corp a legitimate charity?
Guilford Development Corp (EIN: 10282197) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 60/100. It has 12 years of IRS 990 filings on record. Total revenue: $313K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Guilford Development Corp spend its money?
Guilford Development Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Guilford Development Corp tax-deductible?
Guilford Development Corp is registered as a tax-exempt nonprofit (EIN: 10282197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Guilford Development Corp's spending goes to programs?
Guilford Development Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Guilford Development Corp located?
Guilford Development Corp is headquartered in Guilford, Maine and files with the IRS under EIN 10282197.
How many years of IRS 990 filings does Guilford Development Corp have?
Guilford Development Corp has 12 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 $313K in total revenue.
What is the nature of Guilford Development Corp's significant liabilities?
The provided data consistently shows liabilities significantly exceeding assets (e.g., $1,162,831 in liabilities vs. $647,797 in assets in 2022). Understanding the composition of these liabilities (e.g., mortgages, program-related investments, or other debt) is crucial for assessing long-term financial stability.
How does Guilford Development Corp manage its negative net asset position?
With liabilities consistently higher than assets, the organization operates with a negative net asset balance. It's important to understand how this is sustained and what strategies are in place to address this financial structure.
What are the specific program activities funded by Guilford Development Corp?
Without NTEE code or program details, it's unclear what specific development programs the organization undertakes. A clearer understanding of its mission-related activities would help evaluate its impact.
Filing History
IRS 990 filing history for Guilford Development Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Guilford Development Corp's revenue has declined by 2.2%, moving from $340K to $333K. Total assets decreased by 31.4% over the same period, from $944K to $648K. Total functional expenses fell by 3.4%, from $342K to $331K. In its most recent filing year (2022), Guilford Development Corp reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $648K in assets (debt-to-asset ratio: 179.5%), resulting in net assets of $-515,034.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $333K | $331K | $648K | $1.2M | — | View 990 |
| 2021 | $334K | $338K | $674K | $1.2M | — | View 990 |
| 2020 | $338K | $354K | $722K | $1.2M | — | View 990 |
| 2019 | $346K | $347K | $772K | $1.3M | — | — |
| 2018 | $345K | $342K | $810K | $1.3M | — | View 990 |
| 2017 | $342K | $330K | $839K | $1.3M | — | — |
| 2016 | $342K | $319K | $858K | $1.4M | — | View 990 |
| 2015 | $348K | $336K | $864K | $1.4M | — | View 990 |
| 2014 | $335K | $342K | $877K | $1.4M | — | View 990 |
| 2013 | $333K | $332K | $908K | $1.4M | — | View 990 |
| 2012 | $335K | $331K | $927K | $1.5M | — | View 990 |
| 2011 | $340K | $342K | $944K | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $333K, expenses of $331K, and assets of $648K (revenue -0.3% year-over-year).
- 2021: Revenue of $334K, expenses of $338K, and assets of $674K (revenue -1.2% year-over-year).
- 2020: Revenue of $338K, expenses of $354K, and assets of $722K (revenue -2.3% year-over-year).
- 2019: Revenue of $346K, expenses of $347K, and assets of $772K (revenue +0.2% year-over-year).
- 2018: Revenue of $345K, expenses of $342K, and assets of $810K (revenue +0.8% year-over-year).
- 2017: Revenue of $342K, expenses of $330K, and assets of $839K (revenue +0.0% year-over-year).
- 2016: Revenue of $342K, expenses of $319K, and assets of $858K (revenue -1.6% year-over-year).
- 2015: Revenue of $348K, expenses of $336K, and assets of $864K (revenue +3.9% year-over-year).
- 2014: Revenue of $335K, expenses of $342K, and assets of $877K (revenue +0.4% year-over-year).
- 2013: Revenue of $333K, expenses of $332K, and assets of $908K (revenue -0.5% year-over-year).
- 2012: Revenue of $335K, expenses of $331K, and assets of $927K (revenue -1.5% year-over-year).
- 2011: Revenue of $340K, expenses of $342K, and assets of $944K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Guilford Development Corp:
Data Sources and Methodology
This transparency report for Guilford 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.