Hinsdale Commercial & Industrial Development Corporation

Is Hinsdale Commercial & Industrial 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 Hinsdale Commercial & Industrial Development Corporation

Hinsdale Commercial & Industrial Development Corporation (EIN: 223090447) is a nonprofit organization based in Hinsdale, NH, classified under NTEE code S20. 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 Hinsdale Commercial & Industrial Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Hinsdale Commercial & Industrial Development Corporation is a micro nonprofit that has been operating for 35 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -86.7%.

Key Financial Metrics (2015)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2015, Hinsdale Commercial & Industrial Development Corporation reported a deficit of $2K with expenses exceeding revenue, holds 186.3 months of operating reserves (strong position).

Financial Trends

Over 5 years of filings (2011–2015), Hinsdale Commercial & Industrial Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -86.7%.

IRS Tax-Exempt Classification

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 Hinsdale Commercial & Industrial Development Corporation with a Mission Score of 10 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.

Spending Breakdown

• admin: 0%
• programs: 0%
• fundraising: 0%

According to IRS 990 filings, Hinsdale Commercial & Industrial Development Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.

Key Financial Metrics (2015)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $2K, with expenses exceeding revenue.

Executive Compensation Analysis

Executive compensation cannot be assessed as no compensation figures are reported in any available filings, consistent with zero revenue and expenses.

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 Hinsdale Commercial & Industrial Development Corporation's IRS 990 filings:

• Zero reported revenue and expenses for all available years (2011-2015), suggesting organizational inactivity.
• No discernible program activities or impact based on financial data.
• Lack of recent financial filings (oldest 2011, newest 2015) raises questions about current status.

Strengths

The following positive indicators were identified for Hinsdale Commercial & Industrial Development Corporation:

• Maintains legal entity status despite dormancy.

Frequently Asked Questions about Hinsdale Commercial & Industrial Development Corporation

Filing History

IRS 990 filing history for Hinsdale Commercial & Industrial Development Corporation showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2011–2015), Hinsdale Commercial & Industrial Development Corporation's revenue has declined by 100%, moving from $9K to $3. Total assets increased by 2.7% over the same period, from $33K to $33K. Total functional expenses rose by 14.3%, from $2K to $2K. In its most recent filing year (2015), Hinsdale Commercial & Industrial Development Corporation reported a deficit of $2K, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2015: Revenue of $3, expenses of $2K, and assets of $33K (revenue -99.9% year-over-year).
• 2014: Revenue of $4K, expenses of $5K, and assets of $36K (revenue -35.5% year-over-year).
• 2013: Revenue of $7K, expenses of $3K, and assets of $36K (revenue +42793.8% year-over-year).
• 2012: Revenue of $16, expenses of $238, and assets of $32K (revenue -99.8% year-over-year).
• 2011: Revenue of $9K, expenses of $2K, and assets of $33K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hinsdale Commercial & Industrial Development Corporation:

Data Sources and Methodology

This transparency report for Hinsdale Commercial & Industrial 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.