Mid State Community Development Corporation
Mid State Community Development Corporation shows strong asset growth and no executive compensation, with fluctuating but generally increasing revenue.
EIN: 204351056 · Plymouth, NH · NTEE: E19 · Updated: 2026-03-28
Is Mid State Community Development Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mid State Community Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mid State Community Development Corporation
Mid State Community Development Corporation (EIN: 204351056) is a nonprofit organization based in Plymouth, NH, classified under NTEE code E19. The organization reported total revenue of $832K and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid State Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mid State Community Development Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mid State Community Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with assets nearing $10 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.
Strengths
The following positive indicators were identified for Mid State Community Development Corporation:
- Consistent asset growth, from $3.5 million in 2015 to $9.7 million in 2023, indicating strong financial management.
- 0% officer compensation reported across all filings, demonstrating a commitment to mission over executive salaries.
- Significant revenue generation in recent years ($1.38M in 2022, $1.02M in 2023), suggesting successful funding efforts.
- Healthy financial reserves with assets significantly exceeding liabilities (e.g., $9.7M assets vs. $6.5M liabilities in 2023).
- Low expense ratios relative to revenue in recent years (e.g., $426,891 expenses on $1,025,010 revenue in 2023), indicating efficient operations.
Frequently Asked Questions about Mid State Community Development Corporation
Is Mid State Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mid State Community Development Corporation (EIN: 204351056) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Mid State Community Development Corporation spend its money?
Mid State Community Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mid State Community Development Corporation tax-deductible?
Mid State Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 204351056). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the primary sources of Mid State Community Development Corporation's revenue spikes in 2022 and 2023?
The provided data indicates significant revenue increases to $1.38 million in 2022 and $1.02 million in 2023, up from around $300,000 in prior years. Further investigation into the 990 filings would be needed to identify the specific grants, contributions, or program service revenue driving these increases.
How does Mid State Community Development Corporation manage its liabilities relative to its assets?
The organization's liabilities have grown alongside its assets, from $3.5 million in 2015 to $6.5 million in 2023. While liabilities are substantial, they remain well below total assets (e.g., $6.5 million liabilities vs. $9.7 million assets in 2023), suggesting a healthy balance sheet and capacity to cover obligations.
What specific programs does Mid State Community Development Corporation operate given its NTEE code E19?
The NTEE code E19 typically refers to 'Housing Development, Construction & Management'. This suggests the organization is involved in developing, building, or managing housing projects, likely affordable housing or community revitalization initiatives in the Mid State region.
Filing History
IRS 990 filing history for Mid State Community Development Corporation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Mid State Community Development Corporation's revenue has grown by 209.7%, moving from $331K to $1.0M. Total assets increased by 175.7% over the same period, from $3.5M to $9.8M. Total functional expenses rose by 48.8%, from $287K to $427K. In its most recent filing year (2023), Mid State Community Development Corporation reported a surplus of $598K, with revenue exceeding expenses. The organization holds $6.6M in liabilities against $9.8M in assets (debt-to-asset ratio: 67.3%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $427K | $9.8M | $6.6M | — | — |
| 2022 | $1.4M | $322K | $8.2M | $5.6M | — | View 990 |
| 2021 | $321K | $320K | $5.6M | $4.1M | — | — |
| 2020 | $324K | $246K | $3.8M | $2.3M | — | View 990 |
| 2019 | $310K | $358K | $3.8M | $2.3M | — | View 990 |
| 2018 | $309K | $265K | $3.9M | $2.4M | — | View 990 |
| 2017 | $559K | $238K | $3.3M | $2.6M | — | View 990 |
| 2016 | $309K | $261K | $3.4M | $3.4M | — | View 990 |
| 2015 | $331K | $287K | $3.5M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $427K, and assets of $9.8M (revenue -25.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $322K, and assets of $8.2M (revenue +331.2% year-over-year).
- 2021: Revenue of $321K, expenses of $320K, and assets of $5.6M (revenue -1.0% year-over-year).
- 2020: Revenue of $324K, expenses of $246K, and assets of $3.8M (revenue +4.4% year-over-year).
- 2019: Revenue of $310K, expenses of $358K, and assets of $3.8M (revenue +0.5% year-over-year).
- 2018: Revenue of $309K, expenses of $265K, and assets of $3.9M (revenue -44.7% year-over-year).
- 2017: Revenue of $559K, expenses of $238K, and assets of $3.3M (revenue +81.0% year-over-year).
- 2016: Revenue of $309K, expenses of $261K, and assets of $3.4M (revenue -6.7% year-over-year).
- 2015: Revenue of $331K, expenses of $287K, and assets of $3.5M.
Data Sources and Methodology
This transparency report for Mid State 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.