Midtown Elizabeth District Management Corporation Inc

Is Midtown Elizabeth District Management Corporation Inc Legit?

Some Concerns

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

Midtown Elizabeth District Management Corporation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Midtown Elizabeth District Management Corporation Inc

Midtown Elizabeth District Management Corporation Inc (EIN: 222832717) is a nonprofit organization based in Elizabeth, NJ, classified under NTEE code S31. The organization reported total revenue of $254K and total assets of $236K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midtown Elizabeth District Management Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Midtown Elizabeth District Management Corporation Inc is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Midtown Elizabeth District Management Corporation Inc reported a surplus of $96K with revenue exceeding expenses, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).

Financial Trends

Over 13 years of filings (2010–2023), Midtown Elizabeth District Management Corporation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.

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 Midtown Elizabeth District Management Corporation Inc 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: 15%
• programs: 70%
• fundraising: 15%

According to IRS 990 filings, Midtown Elizabeth District Management Corporation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $96K, with revenue exceeding expenses.
• Debt-to-asset ratio: 8.8%.

Executive Compensation Analysis

Executive compensation cannot be assessed without specific salary figures from the filings.

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 Midtown Elizabeth District Management Corporation Inc's IRS 990 filings:

• Expenses exceeded revenue in 2022 ($254,870 expenses vs. $231,100 revenue) and 2016 ($257,905 expenses vs. $223,318 revenue), indicating potential operational deficits in those years.
• The organization's assets have fluctuated significantly, from $104,884 in 2021 to $56,919 in 2022, then up to $222,409 in 2023, warranting further investigation into the causes of these changes.

Strengths

The following positive indicators were identified for Midtown Elizabeth District Management Corporation Inc:

• Consistent revenue generation over multiple years, generally around $220,000 - $270,000, suggests a stable funding base.
• The organization has maintained a positive asset balance in most reported years, indicating financial solvency.

Frequently Asked Questions about Midtown Elizabeth District Management Corporation Inc

Filing History

IRS 990 filing history for Midtown Elizabeth District Management Corporation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2010–2023), Midtown Elizabeth District Management Corporation Inc's revenue has declined by 43.5%, moving from $400K to $226K. Total assets increased by 106.3% over the same period, from $108K to $222K. Total functional expenses fell by 70.8%, from $443K to $130K. In its most recent filing year (2023), Midtown Elizabeth District Management Corporation Inc reported a surplus of $96K, with revenue exceeding expenses. The organization holds $20K in liabilities against $222K in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $203K.

Year-by-Year Financial Summary

• 2023: Revenue of $226K, expenses of $130K, and assets of $222K (revenue -2.1% year-over-year).
• 2022: Revenue of $231K, expenses of $255K, and assets of $57K (revenue -14.3% year-over-year).
• 2021: Revenue of $270K, expenses of $205K, and assets of $105K (revenue +18.3% year-over-year).
• 2020: Revenue of $228K, expenses of $217K, and assets of $24K (revenue -6.5% year-over-year).
• 2018: Revenue of $244K, expenses of $230K, and assets of $64K (revenue -1.1% year-over-year).
• 2017: Revenue of $246K, expenses of $217K, and assets of $51K (revenue +10.3% year-over-year).
• 2016: Revenue of $223K, expenses of $258K, and assets of $38K (revenue -5.9% year-over-year).
• 2015: Revenue of $237K, expenses of $281K, and assets of $43K (revenue +9.0% year-over-year).
• 2014: Revenue of $218K, expenses of $260K, and assets of $86K (revenue -27.6% year-over-year).
• 2013: Revenue of $301K, expenses of $265K, and assets of $127K (revenue -6.3% year-over-year).
• 2012: Revenue of $321K, expenses of $309K, and assets of $91K (revenue -10.2% year-over-year).
• 2011: Revenue of $357K, expenses of $400K, and assets of $63K (revenue -10.8% year-over-year).
• 2010: Revenue of $400K, expenses of $443K, and assets of $108K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Midtown Elizabeth District Management Corporation Inc:

Data Sources and Methodology

This transparency report for Midtown Elizabeth District Management Corporation Inc 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.