Hancock Field Development Corporation
Hancock Field Development Corporation reports $0 in latest revenue and assets after years of volatile financial activity.
EIN: 161318645 · Syracuse, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $3.0M |
| Net Assets | $961 |
| Transparency Score | 20/100 |
Is Hancock Field Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hancock Field Development Corporation
Hancock Field Development Corporation (EIN: 161318645) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock Field Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hancock Field Development Corporation is a mid-size nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$204K |
| Total Assets | $487K |
| Total Liabilities | $486K |
| Net Assets | $961 |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 99.8% |
| Months of Reserves | 1.9 months |
Financial Health Grade: B
In 2014, Hancock Field Development Corporation reported a surplus of $204K with revenue exceeding expenses, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 99.8% (high leverage).
Financial Trends
Over 4 years of filings (2011–2014), Hancock Field Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -149.2% | -71.5% | -86.9% |
| 2012 | -36.7% | -30.7% | -15.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hancock Field Development Corporation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Hancock Field Development Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $204K, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filing periods, suggesting either a fully volunteer-run organization or that compensation is structured in a way not captured under 'officer compensation' on the 990.
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 Hancock Field Development Corporation's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating potential inactivity or severe financial distress.
- Extreme volatility in revenue, including a negative revenue figure of $-615,121 in 2013.
- Unknown NTEE code, hindering understanding of the organization's mission and comparative analysis.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data.
- Liabilities ($486,441) were nearly equal to assets ($487,402) in 2014, indicating a very thin financial margin.
Strengths
The following positive indicators were identified for Hancock Field Development Corporation:
- Consistent reporting of 0% officer compensation, suggesting a potentially volunteer-led structure or efficient use of funds for leadership.
Frequently Asked Questions about Hancock Field Development Corporation
Is Hancock Field Development Corporation a legitimate charity?
Hancock Field Development Corporation (EIN: 161318645) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 20/100. It has 4 years of IRS 990 filings on record. 5 red flags identified. 1 strength noted. Financial health grade: B.
How does Hancock Field Development Corporation spend its money?
Hancock Field Development Corporation reported its financials in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hancock Field Development Corporation tax-deductible?
Hancock Field Development Corporation is registered as a tax-exempt nonprofit (EIN: 161318645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hancock Field Development Corporation located?
Hancock Field Development Corporation is headquartered in Syracuse, New York and files with the IRS under EIN 161318645.
How many years of IRS 990 filings does Hancock Field Development Corporation have?
Hancock Field Development Corporation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What caused the drastic decline to $0 in revenue and assets for Hancock Field Development Corporation?
The provided data does not offer an explanation for the organization's current $0 revenue and assets, which is a significant change from previous years where it reported millions in revenue and substantial assets.
Is Hancock Field Development Corporation still operational?
With $0 in latest reported revenue and assets, it is highly questionable whether Hancock Field Development Corporation is still actively operating. The data suggests a potential cessation of activities.
What was the primary purpose or program activity of Hancock Field Development Corporation?
The NTEE code for Hancock Field Development Corporation is unknown, making it impossible to determine its primary purpose or program activities from the provided data.
How did Hancock Field Development Corporation manage to have negative revenue in 2013?
The 2013 filing shows a negative revenue of $-615,121. This could be due to significant returns, adjustments, or other accounting events, but the specific reason is not detailed in the provided summary.
Filing History
IRS 990 filing history for Hancock Field Development Corporation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Hancock Field Development Corporation's revenue has grown by 62.3%, moving from $2.0M to $3.2M. Total assets decreased by 70.3% over the same period, from $1.6M to $487K. Total functional expenses rose by 54.9%, from $1.9M to $3.0M. In its most recent filing year (2014), Hancock Field Development Corporation reported a surplus of $204K, with revenue exceeding expenses. The organization holds $486K in liabilities against $487K in assets (debt-to-asset ratio: 99.8%), resulting in net assets of $961.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $3.2M | $3.0M | $487K | $486K | — | View 990 |
| 2013 | $-615,121 | $383K | $182K | $384K | — | View 990 |
| 2012 | $1.3M | $1.3M | $1.4M | $592K | — | View 990 |
| 2011 | $2.0M | $1.9M | $1.6M | $351K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $3.2M, expenses of $3.0M, and assets of $487K.
- 2013: Revenue of $-615,121, expenses of $383K, and assets of $182K (revenue -149.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $1.4M (revenue -36.7% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.9M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hancock Field Development Corporation:
Data Sources and Methodology
This transparency report for Hancock Field 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.