Morrisania Revitalization Corp Inc
Morrisania Revitalization Corp Inc experiences massive revenue growth in 2021, but also a significant increase in liabilities.
EIN: 133113927 · Bronx, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Morrisania Revitalization Corp Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morrisania Revitalization Corp Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morrisania Revitalization Corp Inc
Morrisania Revitalization Corp Inc (EIN: 133113927) is a nonprofit organization based in Bronx, NY, classified under NTEE code P20. The organization reported total revenue of $4.3M and total assets of $701K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morrisania Revitalization Corp Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morrisania Revitalization Corp Inc is a mid-size nonprofit that has been operating for 5 years, with 9 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 27.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $1.6M |
| Total Liabilities | $3K |
| Net Assets | $1.6M |
| Operating Margin | 30.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2021, Morrisania Revitalization Corp Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2021), Morrisania Revitalization Corp Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +1173.5% | +746.6% | +2437.5% |
| 2020 | -28.3% | +63.5% | -59.7% |
| 2019 | +160.6% | -41.1% | +0.2% |
| 2016 | -3.8% | +13.9% | +4.8% |
| 2015 | -1.5% | +8.8% | -48.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
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 Morrisania Revitalization Corp Inc 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, Morrisania Revitalization Corp Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for an organization of its size, suggesting resources are fully directed towards programmatic activities.
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 Morrisania Revitalization Corp Inc's IRS 990 filings:
- Significant increase in liabilities ($3,000,000 in 202106) relative to assets ($1,567,827) in the most recent filing period, indicating potential financial leverage or debt.
- Unexplained dramatic fluctuations in revenue and expenses across filing periods, particularly the jump from $304,974 revenue in 202006 to $3,883,942 in 202106.
Strengths
The following positive indicators were identified for Morrisania Revitalization Corp Inc:
- Strong program spending focus, indicated by 0% officer compensation across all filings, suggesting resources are directed to mission.
- Significant revenue growth in the latest period (202106), demonstrating increased capacity or funding opportunities.
- Consistent financial reporting over nine periods, indicating a commitment to transparency.
Frequently Asked Questions about Morrisania Revitalization Corp Inc
Is Morrisania Revitalization Corp Inc a legitimate charity?
Morrisania Revitalization Corp Inc (EIN: 133113927) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $4.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Morrisania Revitalization Corp Inc spend its money?
Morrisania Revitalization Corp Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Morrisania Revitalization Corp Inc tax-deductible?
Morrisania Revitalization Corp Inc is registered as a tax-exempt nonprofit (EIN: 133113927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morrisania Revitalization Corp Inc's spending goes to programs?
Morrisania Revitalization Corp Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morrisania Revitalization Corp Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Morrisania Revitalization Corp Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morrisania Revitalization Corp Inc located?
Morrisania Revitalization Corp Inc is headquartered in Bronx, New York and files with the IRS under EIN 133113927. It is classified under NTEE code P20.
How many years of IRS 990 filings does Morrisania Revitalization Corp Inc have?
Morrisania Revitalization Corp Inc has 9 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 $4.3M in total revenue.
What caused the dramatic increase in revenue and liabilities in the 202106 period?
The IRS 990 data shows a jump from $304,974 in revenue in 202006 to $3,883,942 in 202106, and liabilities from $77,119 to $3,000,000. Further investigation into the detailed 990 forms would be needed to understand the specific grants, contracts, or loans that led to these changes.
Is the organization's asset growth sustainable given the increase in liabilities?
While assets increased to $1,567,827 in 202106, liabilities also rose to $3,000,000. This indicates that a significant portion of the organization's assets may be offset by debt or other obligations. The long-term sustainability depends on the nature of these liabilities and the organization's ability to service them.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that the organization's structure does not involve paid officers in the traditional sense. This is unusual for an organization with over $3 million in expenses and warrants further inquiry into its operational model.
Filing History
IRS 990 filing history for Morrisania Revitalization Corp Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2021), Morrisania Revitalization Corp Inc's revenue has grown by 1047.2%, moving from $339K to $3.9M. Total assets increased by 337% over the same period, from $359K to $1.6M. Total functional expenses rose by 706.7%, from $336K to $2.7M. In its most recent filing year (2021), Morrisania Revitalization Corp Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $3K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $3.9M | $2.7M | $1.6M | $3K | — | View 990 |
| 2020 | $305K | $320K | $62K | $77K | — | — |
| 2019 | $425K | $196K | $153K | $153K | — | — |
| 2016 | $163K | $333K | $153K | $281K | — | View 990 |
| 2015 | $170K | $292K | $146K | $104K | — | View 990 |
| 2014 | $172K | $268K | $283K | $118K | — | View 990 |
| 2013 | $327K | $362K | $431K | $229K | — | View 990 |
| 2012 | $307K | $299K | $372K | $167K | — | View 990 |
| 2011 | $339K | $336K | $359K | $161K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $3.9M, expenses of $2.7M, and assets of $1.6M (revenue +1173.5% year-over-year).
- 2020: Revenue of $305K, expenses of $320K, and assets of $62K (revenue -28.3% year-over-year).
- 2019: Revenue of $425K, expenses of $196K, and assets of $153K (revenue +160.6% year-over-year).
- 2016: Revenue of $163K, expenses of $333K, and assets of $153K (revenue -3.8% year-over-year).
- 2015: Revenue of $170K, expenses of $292K, and assets of $146K (revenue -1.5% year-over-year).
- 2014: Revenue of $172K, expenses of $268K, and assets of $283K (revenue -47.3% year-over-year).
- 2013: Revenue of $327K, expenses of $362K, and assets of $431K (revenue +6.5% year-over-year).
- 2012: Revenue of $307K, expenses of $299K, and assets of $372K (revenue -9.3% year-over-year).
- 2011: Revenue of $339K, expenses of $336K, and assets of $359K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morrisania Revitalization Corp Inc:
Data Sources and Methodology
This transparency report for Morrisania Revitalization Corp 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.