Hazelton Development Corporation
EIN: 450419012 · Hazelton, ND · NTEE: S32
| Metric | Value |
|---|---|
| Total Revenue | $157K |
| Total Expenses | $9K |
| Net Assets | $631K |
Is Hazelton Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hazelton Development Corporation
Hazelton Development Corporation (EIN: 450419012) is a nonprofit organization based in Hazelton, ND, classified under NTEE code S32. The organization reported total revenue of $157K and total assets of $723K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hazelton Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hazelton Development Corporation is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $9K |
| Surplus / Deficit | +$62K |
| Total Assets | $706K |
| Total Liabilities | $75K |
| Net Assets | $631K |
| Operating Margin | 87.7% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 975.8 months |
Financial Health Grade: A
In 2023, Hazelton Development Corporation reported a surplus of $62K with revenue exceeding expenses, holds 975.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +144.0% | -66.3% | +0.5% |
| 2022 | +11.1% | +12727.9% | -4.7% |
| 2021 | +132.7% | -90.0% | -0.7% |
| 2020 | +13.9% | -61.4% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hazelton Development Corporation 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 Hazelton Development Corporation 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 surplus of $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.6%.
Frequently Asked Questions about Hazelton Development Corporation
Is Hazelton Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hazelton Development Corporation (EIN: 450419012) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hazelton Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Hazelton Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Hazelton Development Corporation tax-deductible?
Hazelton Development Corporation is registered as a tax-exempt nonprofit (EIN: 450419012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hazelton Development Corporation located?
Hazelton Development Corporation is headquartered in Hazelton, North Dakota and files with the IRS under EIN 450419012. It is classified under NTEE code S32.
How many years of IRS 990 filings does Hazelton Development Corporation have?
Hazelton 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 $157K in total revenue.
Filing History
IRS 990 filing history for Hazelton Development Corporation showing financial trends over 13 years of public records:
Total assets decreased by 36.1% over the same period, from $1.1M to $706K. Total functional expenses rose by 7721.6%, from $111 to $9K. In its most recent filing year (2023), Hazelton Development Corporation reported a surplus of $62K, with revenue exceeding expenses. The organization holds $75K in liabilities against $706K in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $631K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $9K | $706K | $75K | — | — |
| 2022 | $29K | $26K | $702K | $133K | — | — |
| 2021 | $26K | $201 | $737K | $170K | — | — |
| 2020 | $11K | $2K | $742K | $201K | — | — |
| 2019 | $10K | $5K | $763K | $233K | — | View 990 |
| 2018 | $-883 | $122 | $785K | $260K | — | View 990 |
| 2017 | $3K | $1K | $810K | $283K | — | View 990 |
| 2016 | $13K | $476 | $956K | $431K | — | View 990 |
| 2015 | $-6,987 | $463 | $978K | $466K | — | View 990 |
| 2014 | $3K | $10K | $1.0M | $488K | — | View 990 |
| 2013 | $-14,304 | $2K | $1.0M | $509K | — | View 990 |
| 2012 | $-10,889 | $5K | $1.1M | $524K | — | View 990 |
| 2011 | $-24,911 | $111 | $1.1M | $545K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $9K, and assets of $706K (revenue +144.0% year-over-year).
- 2022: Revenue of $29K, expenses of $26K, and assets of $702K (revenue +11.1% year-over-year).
- 2021: Revenue of $26K, expenses of $201, and assets of $737K (revenue +132.7% year-over-year).
- 2020: Revenue of $11K, expenses of $2K, and assets of $742K (revenue +13.9% year-over-year).
- 2019: Revenue of $10K, expenses of $5K, and assets of $763K.
- 2018: Revenue of $-883, expenses of $122, and assets of $785K (revenue -127.7% year-over-year).
- 2017: Revenue of $3K, expenses of $1K, and assets of $810K (revenue -75.6% year-over-year).
- 2016: Revenue of $13K, expenses of $476, and assets of $956K.
- 2015: Revenue of $-6,987, expenses of $463, and assets of $978K (revenue -309.9% year-over-year).
- 2014: Revenue of $3K, expenses of $10K, and assets of $1.0M.
- 2013: Revenue of $-14,304, expenses of $2K, and assets of $1.0M.
- 2012: Revenue of $-10,889, expenses of $5K, and assets of $1.1M.
- 2011: Revenue of $-24,911, expenses of $111, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hazelton Development Corporation:
Data Sources and Methodology
This transparency report for Hazelton 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.