King Highland Community Redevelopment Corporation
King Highland Community Redevelopment Corporation consistently spends more than it earns, leading to declining assets and high liabilities.
EIN: 201553686 · Cincinnati, OH · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $4.0M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $-8,401,186 |
| Transparency Score | 45/100 |
Is King Highland Community Redevelopment Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
King Highland Community Redevelopment Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About King Highland Community Redevelopment Corporation
King Highland Community Redevelopment Corporation (EIN: 201553686) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code P99. The organization reported total revenue of $2.9M and total assets of $29.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of King Highland Community Redevelopment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
King Highland Community Redevelopment Corporation is a mid-size nonprofit that has been operating for 21 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 | $2.6M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-1,304,196 |
| Total Assets | $30.5M |
| Total Liabilities | $38.9M |
| Net Assets | $-8,401,186 |
| Operating Margin | -49.2% |
| Debt-to-Asset Ratio | 127.5% |
| Months of Reserves | 92.6 months |
Financial Health Grade: C
In 2023, King Highland Community Redevelopment Corporation reported a deficit of $1.3M with expenses exceeding revenue, holds 92.6 months of operating reserves (strong position), has a debt-to-asset ratio of 127.5% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | -1.6% | -4.0% |
| 2022 | -12.3% | +1.1% | -3.2% |
| 2021 | +12.5% | +3.7% | -3.3% |
| 2020 | -8.9% | -1.6% | -3.6% |
| 2019 | +3.4% | +1.2% | -3.1% |
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 King Highland Community Redevelopment 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, King Highland Community Redevelopment Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 127.5%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with assets nearing $30 million and annual expenses exceeding $3 million, raising questions about the completeness or accuracy of compensation disclosures.
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 King Highland Community Redevelopment Corporation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $1.3 million in 2023).
- Declining asset base (from $40M in 2014 to $29.5M currently).
- Liabilities consistently exceed assets, indicating a negative net asset position.
- Unusual 0% officer compensation reported across all filings for an organization of this size.
- Negative revenue reported in 2014 and 2015 filings, which is highly uncommon.
Strengths
The following positive indicators were identified for King Highland Community Redevelopment Corporation:
- Long operational history with 13 filings.
- Significant asset base, despite recent declines, providing some financial cushion.
Frequently Asked Questions about King Highland Community Redevelopment Corporation
Is King Highland Community Redevelopment Corporation a legitimate charity?
King Highland Community Redevelopment Corporation (EIN: 201553686) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. 5 red flags identified. 2 strengths noted. Financial health grade: C.
How does King Highland Community Redevelopment Corporation spend its money?
King Highland Community Redevelopment Corporation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to King Highland Community Redevelopment Corporation tax-deductible?
King Highland Community Redevelopment Corporation is registered as a tax-exempt nonprofit (EIN: 201553686). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the King Highland Community Redevelopment Corporation CEO make?
King Highland Community Redevelopment Corporation's highest-compensated officer earns $30 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of King Highland Community Redevelopment Corporation's spending goes to programs?
King Highland Community Redevelopment Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does King Highland Community Redevelopment Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), King Highland Community Redevelopment Corporation is near average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is King Highland Community Redevelopment Corporation located?
King Highland Community Redevelopment Corporation is headquartered in Cincinnati, Ohio and files with the IRS under EIN 201553686. It is classified under NTEE code P99.
How many years of IRS 990 filings does King Highland Community Redevelopment Corporation have?
King Highland Community Redevelopment 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 $2.9M in total revenue.
Is King Highland Community Redevelopment Corporation financially sustainable?
Based on the consistent and significant deficits (e.g., $1.3 million in 2023) and declining assets, the organization's long-term financial sustainability is questionable without a significant change in its financial model.
Why are liabilities consistently higher than assets?
The organization's liabilities have consistently exceeded its assets in recent years (e.g., $38,918,985 liabilities vs. $30,517,799 assets in 2023), indicating a negative net asset position and a high level of debt relative to its holdings.
What is the source of funding for the consistent deficits?
The consistent deficits suggest the organization is either drawing down its existing assets, incurring more debt, or receiving undisclosed funding not reflected in the reported revenue figures to cover its operational expenses.
Is the 0% officer compensation accurate?
The repeated reporting of 0% officer compensation for an organization of this scale is highly unusual and warrants further investigation to understand if executive compensation is being reported in other categories or if leadership is indeed entirely unpaid.
How has the organization managed to operate for so long with these financial trends?
The organization has been able to operate despite consistent deficits by drawing down its significant initial asset base, which has decreased by over $10 million since 2014, and by maintaining high liabilities.
Filing History
IRS 990 filing history for King Highland Community Redevelopment Corporation showing financial trends over 13 years of public records:
Total assets decreased by 28.5% over the same period, from $42.7M to $30.5M. Total functional expenses rose by 1711274.9%, from $231 to $4.0M. In its most recent filing year (2023), King Highland Community Redevelopment Corporation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $38.9M in liabilities against $30.5M in assets (debt-to-asset ratio: 127.5%), resulting in net assets of $-8,401,186.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $4.0M | $30.5M | $38.9M | — | View 990 |
| 2022 | $2.6M | $4.0M | $31.8M | $39.4M | — | View 990 |
| 2021 | $2.9M | $4.0M | $32.8M | $39.0M | — | — |
| 2020 | $2.6M | $3.8M | $33.9M | $39.0M | — | View 990 |
| 2019 | $2.8M | $3.9M | $35.2M | $39.0M | — | View 990 |
| 2018 | $2.7M | $3.9M | $36.4M | $39.1M | — | View 990 |
| 2017 | $2.8M | $3.9M | $37.6M | $39.2M | — | View 990 |
| 2016 | $3.9M | $3.8M | $38.7M | $39.3M | — | View 990 |
| 2015 | $-648,829 | $200 | $39.8M | $40.5M | — | View 990 |
| 2014 | $-455,140 | $539 | $40.0M | $40.0M | — | View 990 |
| 2013 | $-346,174 | $16 | $41.3M | $40.8M | — | View 990 |
| 2012 | $-73,504 | $250 | $42.3M | $41.7M | — | View 990 |
| 2011 | $-843,783 | $231 | $42.7M | $42.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $4.0M, and assets of $30.5M (revenue +3.8% year-over-year).
- 2022: Revenue of $2.6M, expenses of $4.0M, and assets of $31.8M (revenue -12.3% year-over-year).
- 2021: Revenue of $2.9M, expenses of $4.0M, and assets of $32.8M (revenue +12.5% year-over-year).
- 2020: Revenue of $2.6M, expenses of $3.8M, and assets of $33.9M (revenue -8.9% year-over-year).
- 2019: Revenue of $2.8M, expenses of $3.9M, and assets of $35.2M (revenue +3.4% year-over-year).
- 2018: Revenue of $2.7M, expenses of $3.9M, and assets of $36.4M (revenue -2.6% year-over-year).
- 2017: Revenue of $2.8M, expenses of $3.9M, and assets of $37.6M (revenue -28.1% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.8M, and assets of $38.7M.
- 2015: Revenue of $-648,829, expenses of $200, and assets of $39.8M.
- 2014: Revenue of $-455,140, expenses of $539, and assets of $40.0M.
- 2013: Revenue of $-346,174, expenses of $16, and assets of $41.3M.
- 2012: Revenue of $-73,504, expenses of $250, and assets of $42.3M.
- 2011: Revenue of $-843,783, expenses of $231, and assets of $42.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for King Highland Community Redevelopment Corporation:
Data Sources and Methodology
This transparency report for King Highland Community Redevelopment 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.