Haven Peniel Development Corporation
Haven Peniel Development Corporation consistently operates at a deficit, with assets declining over the past decade.
EIN: 134284680 · Philadelphia, PA · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $575K |
| Total Expenses | $770K |
| Program Spending | 70% |
| Net Assets | $-2,417,343 |
| Transparency Score | 45/100 |
Is Haven Peniel Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haven Peniel Development Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Haven Peniel Development Corporation
Haven Peniel Development Corporation (EIN: 134284680) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code L22. The organization reported total revenue of $575K and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haven Peniel Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haven Peniel Development Corporation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $537K |
| Total Expenses | $770K |
| Surplus / Deficit | $-233,738 |
| Total Assets | $6.2M |
| Total Liabilities | $8.6M |
| Net Assets | $-2,417,343 |
| Operating Margin | -43.6% |
| Debt-to-Asset Ratio | 139.0% |
| Months of Reserves | 96.6 months |
Financial Health Grade: C
In 2023, Haven Peniel Development Corporation reported a deficit of $234K with expenses exceeding revenue, holds 96.6 months of operating reserves (strong position), has a debt-to-asset ratio of 139.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Haven Peniel Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | -1.9% | -3.6% |
| 2022 | +2.4% | +11.1% | -3.5% |
| 2021 | -2.4% | +0.3% | -2.7% |
| 2020 | -0.5% | -1.4% | -3.1% |
| 2019 | +2.7% | +6.9% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Haven Peniel Development Corporation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Haven Peniel Development Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $234K, with expenses exceeding revenue.
- Debt-to-asset ratio: 139.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no compensation was paid to officers, which is a positive sign for minimizing overhead in this area relative to the organization's size and revenue.
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 Haven Peniel Development Corporation's IRS 990 filings:
- Consistent operational deficits for over a decade (e.g., $770,400 expenses vs. $536,662 revenue in 2023).
- Declining asset base over time (from $7,953,467 in 2014 to $6,202,595 in 2023).
- Liabilities significantly exceed assets, indicating a high debt-to-asset ratio (e.g., $8,619,938 liabilities vs. $6,202,595 assets in 2023).
- Lack of detailed expense breakdown in provided data makes it difficult to assess spending efficiency.
Strengths
The following positive indicators were identified for Haven Peniel Development Corporation:
- Consistent filing of IRS 990 forms, indicating a commitment to regulatory transparency.
- 0% officer compensation reported across all filings, suggesting efficient use of funds regarding executive pay.
Frequently Asked Questions about Haven Peniel Development Corporation
Is Haven Peniel Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Haven Peniel Development Corporation (EIN: 134284680) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Haven Peniel Development Corporation spend its money?
Haven Peniel Development Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Haven Peniel Development Corporation tax-deductible?
Haven Peniel Development Corporation is registered as a tax-exempt nonprofit (EIN: 134284680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Haven Peniel Development Corporation's spending goes to programs?
Haven Peniel Development Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Haven Peniel Development Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Haven Peniel Development Corporation is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haven Peniel Development Corporation located?
Haven Peniel Development Corporation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 134284680. It is classified under NTEE code L22.
How many years of IRS 990 filings does Haven Peniel Development Corporation have?
Haven Peniel Development Corporation 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 $575K in total revenue.
Is Haven Peniel Development Corporation financially sustainable?
Based on the provided data, the organization is not financially sustainable, as it has consistently operated at a deficit for at least the past ten years, with expenses exceeding revenue in every reported period (e.g., $770,400 expenses vs. $536,662 revenue in 2023).
Why are the organization's liabilities so high compared to its assets?
The organization's liabilities have consistently been around $8.5-$8.6 million, significantly higher than its assets (e.g., $6,202,595 assets vs. $8,619,938 liabilities in 2023). This suggests a substantial amount of debt or other obligations that are not covered by its current assets, indicating a high level of financial risk.
What is causing the consistent decline in assets?
The consistent decline in assets (from $7,953,467 in 2014 to $6,202,595 in 2023) is directly attributable to the organization's persistent operational deficits, where annual expenses consistently exceed annual revenues.
How does the organization plan to address its financial deficits?
The provided data does not include information on the organization's strategies to address its ongoing financial deficits. This would require reviewing their strategic plans or more detailed financial statements.
Filing History
IRS 990 filing history for Haven Peniel Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Haven Peniel Development Corporation's revenue has grown by 19.9%, moving from $448K to $537K. Total assets decreased by 27.7% over the same period, from $8.6M to $6.2M. Total functional expenses rose by 26.4%, from $610K to $770K. In its most recent filing year (2023), Haven Peniel Development Corporation reported a deficit of $234K, with expenses exceeding revenue. The organization holds $8.6M in liabilities against $6.2M in assets (debt-to-asset ratio: 139.0%), resulting in net assets of $-2,417,343.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $537K | $770K | $6.2M | $8.6M | — | — |
| 2022 | $530K | $785K | $6.4M | $8.6M | — | — |
| 2021 | $518K | $707K | $6.7M | $8.6M | — | — |
| 2020 | $530K | $705K | $6.8M | $8.6M | — | View 990 |
| 2019 | $533K | $715K | $7.1M | $8.6M | — | View 990 |
| 2018 | $519K | $669K | $7.2M | $8.6M | — | View 990 |
| 2017 | $459K | $646K | $7.4M | $8.6M | — | View 990 |
| 2016 | $456K | $669K | $7.5M | $8.6M | — | View 990 |
| 2015 | $452K | $650K | $7.7M | $8.6M | — | View 990 |
| 2014 | $459K | $652K | $8.0M | $8.6M | — | View 990 |
| 2013 | $456K | $699K | $8.2M | $8.6M | — | View 990 |
| 2012 | $453K | $622K | $8.6M | $8.6M | — | View 990 |
| 2011 | $448K | $610K | $8.6M | $8.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $537K, expenses of $770K, and assets of $6.2M (revenue +1.2% year-over-year).
- 2022: Revenue of $530K, expenses of $785K, and assets of $6.4M (revenue +2.4% year-over-year).
- 2021: Revenue of $518K, expenses of $707K, and assets of $6.7M (revenue -2.4% year-over-year).
- 2020: Revenue of $530K, expenses of $705K, and assets of $6.8M (revenue -0.5% year-over-year).
- 2019: Revenue of $533K, expenses of $715K, and assets of $7.1M (revenue +2.7% year-over-year).
- 2018: Revenue of $519K, expenses of $669K, and assets of $7.2M (revenue +13.0% year-over-year).
- 2017: Revenue of $459K, expenses of $646K, and assets of $7.4M (revenue +0.6% year-over-year).
- 2016: Revenue of $456K, expenses of $669K, and assets of $7.5M (revenue +1.0% year-over-year).
- 2015: Revenue of $452K, expenses of $650K, and assets of $7.7M (revenue -1.5% year-over-year).
- 2014: Revenue of $459K, expenses of $652K, and assets of $8.0M (revenue +0.6% year-over-year).
- 2013: Revenue of $456K, expenses of $699K, and assets of $8.2M (revenue +0.7% year-over-year).
- 2012: Revenue of $453K, expenses of $622K, and assets of $8.6M (revenue +1.1% year-over-year).
- 2011: Revenue of $448K, expenses of $610K, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haven Peniel Development Corporation:
Data Sources and Methodology
This transparency report for Haven Peniel 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.