Jubilee Community Development Corporation
Jubilee Community Development Corporation consistently operates at a deficit, leading to declining assets and high liabilities.
EIN: 113666873 · Miami, FL · Updated: 2026-03-28
Is Jubilee Community Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jubilee Community Development Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Jubilee Community Development Corporation
Jubilee Community Development Corporation (EIN: 113666873) is a nonprofit organization based in Miami, FL. The organization reported total revenue of $762K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jubilee Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jubilee Community Development Corporation is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $802K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-267,649 |
| Total Assets | $3.8M |
| Total Liabilities | $7.9M |
| Net Assets | $-4,012,628 |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 204.2% |
| Months of Reserves | 43.2 months |
Financial Health Grade: C
In 2023, Jubilee Community Development Corporation reported a deficit of $268K with expenses exceeding revenue, holds 43.2 months of operating reserves (strong position), has a debt-to-asset ratio of 204.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jubilee Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | +13.6% | -8.1% |
| 2022 | -4.0% | -7.3% | -4.9% |
| 2021 | +8.8% | +2.9% | -5.6% |
| 2020 | -1.4% | +7.2% | -6.2% |
| 2019 | +10.8% | -1.4% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Jubilee Community 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, Jubilee Community 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 $268K, with expenses exceeding revenue.
- Debt-to-asset ratio: 204.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, suggesting that executive leadership may be unpaid or compensated through other means not categorized as officer compensation, which is a positive sign for resource allocation to mission-related activities.
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 Jubilee Community Development Corporation's IRS 990 filings:
- Consistent operational deficits over a decade (e.g., $267,649 in 2023).
- Significant decline in assets (from $6.5M in 2014 to $3.8M in 2023).
- High and stable liabilities (around $7.9M) that significantly exceed assets.
- Expenses consistently higher than revenue, indicating unsustainable financial practices.
Strengths
The following positive indicators were identified for Jubilee Community Development Corporation:
- No reported officer compensation, suggesting resources are not diverted to high executive salaries.
- Long filing history (13 filings) indicates consistent reporting to the IRS.
Frequently Asked Questions about Jubilee Community Development Corporation
Is Jubilee Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jubilee Community Development Corporation (EIN: 113666873) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Jubilee Community Development Corporation spend its money?
Jubilee Community Development Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jubilee Community Development Corporation tax-deductible?
Jubilee Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 113666873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jubilee Community Development Corporation financially sustainable?
Based on the provided data, the organization has consistently spent more than its revenue for at least the past decade, leading to a significant decline in assets from $6.5 million in 2014 to $3.8 million in 2023. This pattern suggests a lack of financial sustainability.
What is the nature of Jubilee Community Development Corporation's high liabilities?
The filings show liabilities consistently around $7.9 million. Without further detail from the full IRS 990 forms, it's unclear if these are program-related debts, mortgages, or other obligations, but they significantly exceed current assets.
How does Jubilee Community Development Corporation cover its operational deficits?
The consistent deficits, such as the $267,649 deficit in 2023, are likely covered by drawing down existing assets or incurring further debt, as evidenced by the declining asset base and stable high liabilities.
Filing History
IRS 990 filing history for Jubilee Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jubilee Community Development Corporation's revenue has grown by 76.5%, moving from $454K to $802K. Total assets decreased by 47.3% over the same period, from $7.3M to $3.8M. Total functional expenses rose by 47.8%, from $724K to $1.1M. In its most recent filing year (2023), Jubilee Community Development Corporation reported a deficit of $268K, with expenses exceeding revenue. The organization holds $7.9M in liabilities against $3.8M in assets (debt-to-asset ratio: 204.2%), resulting in net assets of $-4,012,628.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $802K | $1.1M | $3.8M | $7.9M | — | — |
| 2022 | $722K | $942K | $4.2M | $7.9M | — | View 990 |
| 2021 | $752K | $1.0M | $4.4M | $7.9M | — | View 990 |
| 2020 | $691K | $987K | $4.7M | $7.9M | — | — |
| 2019 | $701K | $921K | $5.0M | $7.9M | — | View 990 |
| 2018 | $633K | $934K | $5.2M | $8.0M | — | View 990 |
| 2017 | $615K | $930K | $5.6M | $8.0M | — | View 990 |
| 2016 | $564K | $875K | $5.9M | $8.0M | — | View 990 |
| 2015 | $504K | $871K | $6.2M | $8.0M | — | View 990 |
| 2014 | $524K | $792K | $6.5M | $8.0M | — | View 990 |
| 2013 | $493K | $748K | $6.8M | $8.0M | — | View 990 |
| 2012 | $448K | $743K | $7.0M | $8.0M | — | View 990 |
| 2011 | $454K | $724K | $7.3M | $7.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $802K, expenses of $1.1M, and assets of $3.8M (revenue +11.1% year-over-year).
- 2022: Revenue of $722K, expenses of $942K, and assets of $4.2M (revenue -4.0% year-over-year).
- 2021: Revenue of $752K, expenses of $1.0M, and assets of $4.4M (revenue +8.8% year-over-year).
- 2020: Revenue of $691K, expenses of $987K, and assets of $4.7M (revenue -1.4% year-over-year).
- 2019: Revenue of $701K, expenses of $921K, and assets of $5.0M (revenue +10.8% year-over-year).
- 2018: Revenue of $633K, expenses of $934K, and assets of $5.2M (revenue +2.9% year-over-year).
- 2017: Revenue of $615K, expenses of $930K, and assets of $5.6M (revenue +9.0% year-over-year).
- 2016: Revenue of $564K, expenses of $875K, and assets of $5.9M (revenue +11.9% year-over-year).
- 2015: Revenue of $504K, expenses of $871K, and assets of $6.2M (revenue -3.7% year-over-year).
- 2014: Revenue of $524K, expenses of $792K, and assets of $6.5M (revenue +6.1% year-over-year).
- 2013: Revenue of $493K, expenses of $748K, and assets of $6.8M (revenue +10.1% year-over-year).
- 2012: Revenue of $448K, expenses of $743K, and assets of $7.0M (revenue -1.4% year-over-year).
- 2011: Revenue of $454K, expenses of $724K, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jubilee Community Development Corporation:
Data Sources and Methodology
This transparency report for Jubilee Community 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.