Kiryas Joel Municipal Local Development Corporation

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Kiryas Joel Municipal Local Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Kiryas Joel Municipal Local Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Kiryas Joel Municipal Local Development Corporation in one place.

Is Kiryas Joel Municipal Local Development Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Kiryas Joel Municipal Local Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Kiryas Joel Municipal Local Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Kiryas Joel Municipal Local Development Corporation

Kiryas Joel Municipal Local Development Corporation (EIN: 141756790) is a nonprofit organization based in Monroe, NY. The organization reported total revenue of $5.9M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kiryas Joel Municipal Local Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Kiryas Joel Municipal Local Development Corporation is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Kiryas Joel Municipal Local Development Corporation reported a deficit of $33K with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 25.2% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Kiryas Joel Municipal Local Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.

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 Kiryas Joel Municipal Local Development Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Kiryas Joel Municipal Local Development Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $33K, with expenses exceeding revenue.
• Debt-to-asset ratio: 25.2%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with annual revenues exceeding $5 million.

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 Kiryas Joel Municipal Local Development Corporation's IRS 990 filings:

• Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
• Unclear how an organization with over $5M in revenue operates with 0% reported officer compensation
• Significant expense exceeding revenue in 2016 ($6,772,261 expenses vs. $3,879,440 revenue)

Strengths

The following positive indicators were identified for Kiryas Joel Municipal Local Development Corporation:

• Consistent financial reporting over 13 periods
• Stable asset base relative to liabilities
• No reported officer compensation, potentially indicating high volunteer engagement or efficient use of funds for leadership

Frequently Asked Questions about Kiryas Joel Municipal Local Development Corporation

Filing History

IRS 990 filing history for Kiryas Joel Municipal Local Development Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Kiryas Joel Municipal Local Development Corporation's revenue has grown by 41.2%, moving from $3.6M to $5.1M. Total assets decreased by 42.7% over the same period, from $5.2M to $3.0M. Total functional expenses rose by 40.9%, from $3.6M to $5.1M. In its most recent filing year (2023), Kiryas Joel Municipal Local Development Corporation reported a deficit of $33K, with expenses exceeding revenue. The organization holds $752K in liabilities against $3.0M in assets (debt-to-asset ratio: 25.2%), resulting in net assets of $2.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $5.1M, expenses of $5.1M, and assets of $3.0M (revenue -5.5% year-over-year).
• 2022: Revenue of $5.3M, expenses of $5.2M, and assets of $2.8M (revenue +14.5% year-over-year).
• 2021: Revenue of $4.7M, expenses of $4.2M, and assets of $2.6M (revenue +0.9% year-over-year).
• 2020: Revenue of $4.6M, expenses of $4.7M, and assets of $1.8M (revenue +15.0% year-over-year).
• 2019: Revenue of $4.0M, expenses of $4.1M, and assets of $1.8M (revenue -4.0% year-over-year).
• 2018: Revenue of $4.2M, expenses of $4.3M, and assets of $1.9M (revenue +2.9% year-over-year).
• 2017: Revenue of $4.1M, expenses of $3.9M, and assets of $2.1M (revenue +4.9% year-over-year).
• 2016: Revenue of $3.9M, expenses of $6.8M, and assets of $2.2M (revenue +7.7% year-over-year).
• 2015: Revenue of $3.6M, expenses of $3.6M, and assets of $5.1M (revenue +3.9% year-over-year).
• 2014: Revenue of $3.5M, expenses of $3.5M, and assets of $5.1M (revenue -3.6% year-over-year).
• 2013: Revenue of $3.6M, expenses of $3.6M, and assets of $4.9M (revenue +3.6% year-over-year).
• 2012: Revenue of $3.5M, expenses of $3.7M, and assets of $4.9M (revenue -3.0% year-over-year).
• 2011: Revenue of $3.6M, expenses of $3.6M, and assets of $5.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Kiryas Joel Municipal Local Development Corporation:

Data Sources and Methodology

This transparency report for Kiryas Joel Municipal Local 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.