Kiryas Joel Municipal Local Development Corporation

Kiryas Joel Municipal Local Development Corporation maintains stable operations with no reported officer compensation.

EIN: 141756790 · Monroe, NY · Updated: 2026-03-28

$5.9MRevenue

$2.6MAssets

75/100Mission Score (Good)

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.

AI Transparency Report

The Kiryas Joel Municipal Local Development Corporation demonstrates consistent financial activity, with revenues and expenses generally in the range of $3.5 million to $5.3 million over the past decade. The organization's assets have fluctuated, peaking around $5 million in 2014-2015 before settling closer to $2.5-$3 million in recent years. A notable aspect of their financial reporting is the consistent disclosure of 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or compensation being reported under different categories. Without a detailed breakdown of expenses (e.g., program service expenses vs. administrative and fundraising), it's challenging to fully assess spending efficiency. However, the consistent reporting of liabilities relative to assets indicates a stable financial position, with liabilities typically representing a smaller portion of total assets.

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.

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

What are the primary program services provided by Kiryas Joel Municipal Local Development Corporation?

Without a detailed NTEE code or program expense breakdown, the specific nature of their program services cannot be determined from the provided data.

How does the organization manage to operate with 0% reported officer compensation?

The consistent reporting of 0% officer compensation suggests either a fully volunteer executive team or that executive salaries are categorized differently within their financial statements, which would require further investigation of their full 990 forms.

What caused the significant expense spike in 2016 ($6,772,261) compared to revenue ($3,879,440)?

The 2016 filing shows expenses significantly exceeding revenue, leading to a deficit. The specific reasons for this spike would require examining the detailed expense categories in the 2016 IRS 990 filing.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.1M	$5.1M	$3.0M	$752K	—	—
2022	$5.3M	$5.2M	$2.8M	$550K	—	—
2021	$4.7M	$4.2M	$2.6M	$493K	—	View 990
2020	$4.6M	$4.7M	$1.8M	$222K	—	View 990
2019	$4.0M	$4.1M	$1.8M	$116K	—	View 990
2018	$4.2M	$4.3M	$1.9M	$130K	—	View 990
2017	$4.1M	$3.9M	$2.1M	$192K	—	—
2016	$3.9M	$6.8M	$2.2M	$561K	—	View 990
2015	$3.6M	$3.6M	$5.1M	$493K	—	View 990
2014	$3.5M	$3.5M	$5.1M	$492K	—	View 990
2013	$3.6M	$3.6M	$4.9M	$287K	—	View 990
2012	$3.5M	$3.7M	$4.9M	$292K	—	View 990
2011	$3.6M	$3.6M	$5.2M	$350K	—	View 990

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.

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.