Montclair Neighborhood Development Corp
Montclair Neighborhood Development Corp: Consistent Revenue, Volatile Assets
EIN: 221908346 · Montclair, NJ · NTEE: Z99 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $593K |
| Total Expenses | $674K |
| Program Spending | 70% |
| Net Assets | $38K |
| Transparency Score | 75/100 |
Is Montclair Neighborhood Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Montclair Neighborhood Development Corp directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Montclair Neighborhood Development Corp
Montclair Neighborhood Development Corp (EIN: 221908346) is a nonprofit organization based in Montclair, NJ, classified under NTEE code Z99. The organization reported total revenue of $593K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Montclair Neighborhood Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Montclair Neighborhood Development Corp is a small nonprofit that has been operating for 12 years, with 14 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $665K |
| Total Expenses | $674K |
| Surplus / Deficit | $-9,317 |
| Total Assets | $38K |
| Net Assets | $38K |
| Operating Margin | -1.4% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2023, Montclair Neighborhood Development Corp reported a deficit of $9K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2009–2023), Montclair Neighborhood Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.6% | -10.3% | -29.4% |
| 2022 | +35.2% | +6.5% | -8.5% |
| 2021 | -20.6% | +5.1% | -70.9% |
| 2020 | +22.1% | +9.0% | +31.6% |
| 2019 | +10.0% | +23.4% | -23.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Montclair Neighborhood Development Corp 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, Montclair Neighborhood Development Corp 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 deficit of $9K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary.
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 Montclair Neighborhood Development Corp's IRS 990 filings:
- Significant fluctuation in assets, from $200,183 in 2020 to $37,667 in 2023, warrants further investigation into asset management and utilization.
- Expenses frequently exceed revenue, as seen in 2021 ($705,496 expenses vs $562,796 revenue) and 2019 ($615,733 expenses vs $580,309 revenue), which could indicate reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for Montclair Neighborhood Development Corp:
- Consistent revenue generation over multiple years, averaging around $600,000 annually, suggests a stable funding base.
- The organization consistently reports 0% compensation from related parties, indicating a lack of potential conflicts of interest in that area.
Frequently Asked Questions about Montclair Neighborhood Development Corp
Is Montclair Neighborhood Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Montclair Neighborhood Development Corp (EIN: 221908346) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Montclair Neighborhood Development Corp spend its money?
Montclair Neighborhood Development Corp directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Montclair Neighborhood Development Corp tax-deductible?
Montclair Neighborhood Development Corp is registered as a tax-exempt nonprofit (EIN: 221908346). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Montclair Neighborhood Development Corp's spending goes to programs?
Montclair Neighborhood Development Corp directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Montclair Neighborhood Development Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Montclair Neighborhood Development Corp is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Montclair Neighborhood Development Corp located?
Montclair Neighborhood Development Corp is headquartered in Montclair, New Jersey and files with the IRS under EIN 221908346. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Montclair Neighborhood Development Corp have?
Montclair Neighborhood Development Corp has 14 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 $593K in total revenue.
What does Montclair Neighborhood Development Corp do?
Montclair Neighborhood Development Corp is a nonprofit organization in the Unknown sector, located in Montclair, New Jersey. It is classified under NTEE code Z99.
How much revenue does Montclair Neighborhood Development Corp have?
Montclair Neighborhood Development Corp reported total revenue of $592,874. Based on 14 IRS 990 filings on record.
What are Montclair Neighborhood Development Corp's total assets?
Montclair Neighborhood Development Corp holds total assets of $65,836 as reported in IRS 990 filings.
Where is Montclair Neighborhood Development Corp located?
Montclair Neighborhood Development Corp is based in Montclair, New Jersey.
What is Montclair Neighborhood Development Corp's EIN?
Montclair Neighborhood Development Corp's Employer Identification Number (EIN) is 221908346. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Montclair Neighborhood Development Corp?
Montclair Neighborhood Development Corp is classified under NTEE code Z99 (Unknown).
Is Montclair Neighborhood Development Corp a registered 501(c)(3)?
Yes, Montclair Neighborhood Development Corp is recognized as a tax-exempt organization by the IRS. EIN: 221908346.
Does Montclair Neighborhood Development Corp file IRS Form 990?
Yes, Montclair Neighborhood Development Corp has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Montclair Neighborhood Development Corp's revenue in 2023?
In the 202312 filing period, Montclair Neighborhood Development Corp reported total revenue of $664,644, total expenses of $673,961, and net assets of $37,667.
Is Montclair Neighborhood Development Corp's revenue growing or declining?
Montclair Neighborhood Development Corp's revenue is declining. Revenue went from $760,812 (202212) to $664,644 (202312), a -12.6% change. Based on 14 filings on record.
What is Montclair Neighborhood Development Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Montclair Neighborhood Development Corp covers tax period 202312. It shows revenue of $664,644, expenses of $673,961, total assets of $37,667, and liabilities of N/A.
How much does Montclair Neighborhood Development Corp spend on programs vs administration?
Based on IRS 990 analysis, Montclair Neighborhood Development Corp allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Montclair Neighborhood Development Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Montclair Neighborhood Development Corp appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Montclair Neighborhood Development Corp?
The following concerns were identified: Significant fluctuation in assets, from $200,183 in 2020 to $37,667 in 2023, warrants further investigation into asset management and utilization.. Expenses frequently exceed revenue, as seen in 2021 ($705,496 expenses vs $562,796 revenue) and 2019 ($615,733 expenses vs $580,309 revenue), which could indicate reliance on reserves or other funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Montclair Neighborhood Development Corp's strengths?
Positive indicators for Montclair Neighborhood Development Corp include: Consistent revenue generation over multiple years, averaging around $600,000 annually, suggests a stable funding base.. The organization consistently reports 0% compensation from related parties, indicating a lack of potential conflicts of interest in that area.. These findings are derived from AI analysis of the organization's financial filings.
How does Montclair Neighborhood Development Corp compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the substantial decrease in assets from $200,183 in 2020 to $37,667 in 2023, and how has this impacted the organization's operational capacity?
The provided data does not specify the reasons for the asset decline. A detailed review of the full financial statements would be necessary to understand if this was due to asset utilization for programs, investment losses, or other factors, and its effect on long-term sustainability.
Given that expenses frequently exceed revenue in several years (e.g., 2021, 2019), how does Montclair Neighborhood Development Corp cover these deficits, and what is the long-term strategy for financial stability?
The summary data suggests that deficits might be covered by drawing down reserves or through other non-revenue income sources not detailed here. A full financial audit would reveal the specific funding mechanisms and the organization's strategy to balance its budget over time.
Filing History
IRS 990 filing history for Montclair Neighborhood Development Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2023), Montclair Neighborhood Development Corp's revenue has grown by 241.3%, moving from $195K to $665K. Total assets increased by 111.4% over the same period, from $18K to $38K. Total functional expenses rose by 246.8%, from $194K to $674K. In its most recent filing year (2023), Montclair Neighborhood Development Corp reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $665K | $674K | $38K | $0 | — | — |
| 2022 | $761K | $752K | $53K | $6K | — | View 990 |
| 2021 | $563K | $705K | $58K | $20K | — | View 990 |
| 2020 | $708K | $671K | $200K | $20K | — | View 990 |
| 2019 | $580K | $616K | $152K | $9K | — | View 990 |
| 2018 | $528K | $499K | $199K | $20K | — | View 990 |
| 2017 | $638K | $623K | $178K | $28K | — | View 990 |
| 2016 | $590K | $580K | $152K | $16K | — | View 990 |
| 2015 | $459K | $448K | $145K | $19K | — | View 990 |
| 2014 | $336K | $358K | $119K | $4K | — | View 990 |
| 2013 | $439K | $326K | $179K | $42K | — | View 990 |
| 2011 | $200K | $259K | $34K | $0 | — | — |
| 2010 | $631K | $557K | $92K | $0 | — | View 990 |
| 2009 | $195K | $194K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $665K, expenses of $674K, and assets of $38K (revenue -12.6% year-over-year).
- 2022: Revenue of $761K, expenses of $752K, and assets of $53K (revenue +35.2% year-over-year).
- 2021: Revenue of $563K, expenses of $705K, and assets of $58K (revenue -20.6% year-over-year).
- 2020: Revenue of $708K, expenses of $671K, and assets of $200K (revenue +22.1% year-over-year).
- 2019: Revenue of $580K, expenses of $616K, and assets of $152K (revenue +10.0% year-over-year).
- 2018: Revenue of $528K, expenses of $499K, and assets of $199K (revenue -17.3% year-over-year).
- 2017: Revenue of $638K, expenses of $623K, and assets of $178K (revenue +8.1% year-over-year).
- 2016: Revenue of $590K, expenses of $580K, and assets of $152K (revenue +28.4% year-over-year).
- 2015: Revenue of $459K, expenses of $448K, and assets of $145K (revenue +36.7% year-over-year).
- 2014: Revenue of $336K, expenses of $358K, and assets of $119K (revenue -23.5% year-over-year).
- 2013: Revenue of $439K, expenses of $326K, and assets of $179K (revenue +119.2% year-over-year).
- 2011: Revenue of $200K, expenses of $259K, and assets of $34K (revenue -68.3% year-over-year).
- 2010: Revenue of $631K, expenses of $557K, and assets of $92K (revenue +224.1% year-over-year).
- 2009: Revenue of $195K, expenses of $194K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Montclair Neighborhood Development Corp:
Data Sources and Methodology
This transparency report for Montclair Neighborhood Development Corp 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.