Midlands Latino Community Development Corporation
Midlands Latino Community Development Corporation shows fluctuating revenues and a recent asset decline, but maintains 0% officer compensation.
EIN: 141973678 · Omaha, NE · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $569K |
| Total Expenses | $528K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $569,089, |
| Net Assets | $565K |
| Transparency Score | 85/100 |
Is Midlands Latino Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midlands Latino Community Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midlands Latino Community Development Corporation
Midlands Latino Community Development Corporation (EIN: 141973678) is a nonprofit organization based in Omaha, NE, classified under NTEE code S31. The organization reported total revenue of $569K and total assets of $943K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midlands Latino Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midlands Latino Community Development Corporation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $484K |
| Total Expenses | $528K |
| Surplus / Deficit | $-44,876 |
| Total Assets | $755K |
| Total Liabilities | $190K |
| Net Assets | $565K |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 25.1% |
| Months of Reserves | 17.2 months |
Financial Health Grade: B
In 2023, Midlands Latino Community Development Corporation reported a deficit of $45K with expenses exceeding revenue, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 25.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Midlands Latino Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.0% | +8.0% | -43.7% |
| 2022 | +17.7% | +20.2% | +11.8% |
| 2021 | +116.3% | +37.2% | -1.6% |
| 2020 | -40.1% | -14.5% | -5.5% |
| 2019 | -25.7% | +39.8% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Midlands Latino Community Development Corporation with a Mission Score of 85 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, Midlands Latino 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly commendable for an organization of its size, with latest revenue at $569,089, as it maximizes resources available for program delivery.
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 Midlands Latino Community Development Corporation's IRS 990 filings:
- Significant year-over-year asset decline from $1,341,477 (202212) to $755,384 (202312)
- Operating deficit in the latest reported period (202312) where expenses ($528,428) exceeded revenue ($483,552)
Strengths
The following positive indicators were identified for Midlands Latino Community Development Corporation:
- Consistent 0% officer compensation, indicating high efficiency in executive pay.
- Long history of IRS 990 filings (13 filings), demonstrating transparency.
- Strong program focus implied by the NTEE code and lack of executive compensation.
- Maintained substantial assets over several years, indicating financial stability despite recent fluctuations.
Frequently Asked Questions about Midlands Latino Community Development Corporation
Is Midlands Latino Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Midlands Latino Community Development Corporation (EIN: 141973678) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Midlands Latino Community Development Corporation spend its money?
Midlands Latino Community Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Midlands Latino Community Development Corporation tax-deductible?
Midlands Latino Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 141973678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Midlands Latino Community Development Corporation CEO make?
Midlands Latino Community Development Corporation's highest-compensated officer earns $569,089, annually. The organization reported $569K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Midlands Latino Community Development Corporation's spending goes to programs?
Midlands Latino Community Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Midlands Latino Community Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Midlands Latino Community Development Corporation is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Midlands Latino Community Development Corporation located?
Midlands Latino Community Development Corporation is headquartered in Omaha, Nebraska and files with the IRS under EIN 141973678. It is classified under NTEE code S31.
How many years of IRS 990 filings does Midlands Latino Community Development Corporation have?
Midlands Latino Community Development 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 $569K in total revenue.
Why did the organization's assets decrease significantly from $1,341,477 in 202212 to $755,384 in 202312?
The provided data shows a substantial drop in assets. Further review of the full 990 forms would be needed to understand if this was due to asset sales, depreciation, or other financial activities.
Is the recent deficit in 202312 ($483,552 revenue vs. $528,428 expenses) a cause for concern?
While a single year's deficit isn't necessarily critical, it's important to monitor. The organization has experienced both surpluses and deficits in recent years, suggesting a need for careful financial management to ensure long-term sustainability.
How does the organization sustain operations with 0% officer compensation?
This indicates that officers are likely volunteers or compensated through other means not classified as officer compensation on the 990, or that the organization relies heavily on non-officer staff for day-to-day operations. This is a strong positive for resource allocation.
Filing History
IRS 990 filing history for Midlands Latino Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midlands Latino Community Development Corporation's revenue has grown by 221.2%, moving from $151K to $484K. Total assets increased by 706.6% over the same period, from $94K to $755K. Total functional expenses rose by 262.8%, from $146K to $528K. In its most recent filing year (2023), Midlands Latino Community Development Corporation reported a deficit of $45K, with expenses exceeding revenue. The organization holds $190K in liabilities against $755K in assets (debt-to-asset ratio: 25.1%), resulting in net assets of $565K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $484K | $528K | $755K | $190K | — | — |
| 2022 | $526K | $489K | $1.3M | $212K | — | View 990 |
| 2021 | $447K | $407K | $1.2M | $107K | — | View 990 |
| 2020 | $206K | $297K | $1.2M | $124K | — | View 990 |
| 2019 | $345K | $347K | $1.3M | $106K | — | View 990 |
| 2018 | $464K | $248K | $1.3M | $118K | — | View 990 |
| 2017 | $260K | $221K | $1.1M | $120K | — | View 990 |
| 2016 | $898K | $153K | $1.1M | $137K | — | View 990 |
| 2015 | $152K | $126K | $157K | $68K | — | View 990 |
| 2014 | $145K | $123K | $151K | $85K | — | View 990 |
| 2013 | $120K | $123K | $99K | $54K | — | View 990 |
| 2012 | $114K | $114K | $88K | $41K | — | View 990 |
| 2011 | $151K | $146K | $94K | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $484K, expenses of $528K, and assets of $755K (revenue -8.0% year-over-year).
- 2022: Revenue of $526K, expenses of $489K, and assets of $1.3M (revenue +17.7% year-over-year).
- 2021: Revenue of $447K, expenses of $407K, and assets of $1.2M (revenue +116.3% year-over-year).
- 2020: Revenue of $206K, expenses of $297K, and assets of $1.2M (revenue -40.1% year-over-year).
- 2019: Revenue of $345K, expenses of $347K, and assets of $1.3M (revenue -25.7% year-over-year).
- 2018: Revenue of $464K, expenses of $248K, and assets of $1.3M (revenue +78.5% year-over-year).
- 2017: Revenue of $260K, expenses of $221K, and assets of $1.1M (revenue -71.0% year-over-year).
- 2016: Revenue of $898K, expenses of $153K, and assets of $1.1M (revenue +490.9% year-over-year).
- 2015: Revenue of $152K, expenses of $126K, and assets of $157K (revenue +5.1% year-over-year).
- 2014: Revenue of $145K, expenses of $123K, and assets of $151K (revenue +20.4% year-over-year).
- 2013: Revenue of $120K, expenses of $123K, and assets of $99K (revenue +5.3% year-over-year).
- 2012: Revenue of $114K, expenses of $114K, and assets of $88K (revenue -24.2% year-over-year).
- 2011: Revenue of $151K, expenses of $146K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midlands Latino Community Development Corporation:
Data Sources and Methodology
This transparency report for Midlands Latino 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.