Nedc Riverfront Corp
Nedc Riverfront Corp: Declining Revenue, High Liabilities, and Unclear Program Spending
EIN: 222595743 · Marlboro, NJ · NTEE: S300 · Updated: 2026-04-04
About Nedc Riverfront Corp
Nedc Riverfront Corp (EIN: 222595743) is a nonprofit organization based in Marlboro, NJ, classified under NTEE code S300. The organization reported total revenue of $798K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nedc Riverfront Corp'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 Nedc Riverfront Corp with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Nedc Riverfront Corp allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly improbable for an organization with significant revenue and assets, raising serious questions about the transparency of compensation practices.
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 Nedc Riverfront Corp's IRS 990 filings:
- Consistent 'c0%' for compensation across all filings is a major red flag, indicating a lack of transparency regarding how executives or key employees are compensated.
- Total liabilities of $1,927,324 in 2023 significantly exceed total assets of $1,600,505, indicating a precarious financial position.
- Revenue has been highly volatile, with a negative revenue of -$57,387 in 2018 and a significant drop from $821,531 in 2023 to $798,144 in the current data, suggesting an unstable funding model.
- The absence of detailed expense breakdowns (programs, admin, fundraising) makes it impossible to evaluate how funds are being utilized to achieve the mission.
Strengths
The following positive indicators were identified for Nedc Riverfront Corp:
- The organization has maintained significant assets, reaching $1,604,654, which could provide a base for future operations if financial management improves.
Frequently Asked Questions about Nedc Riverfront Corp
What does Nedc Riverfront Corp do?
Nedc Riverfront Corp is a nonprofit organization in the Community Improvement sector, located in Marlboro, New Jersey. It is classified under NTEE code S300.
How much revenue does Nedc Riverfront Corp have?
Nedc Riverfront Corp reported total revenue of $798,144. Based on 12 IRS 990 filings on record.
What are Nedc Riverfront Corp's total assets?
Nedc Riverfront Corp holds total assets of $1,604,654 as reported in IRS 990 filings.
Where is Nedc Riverfront Corp located?
Nedc Riverfront Corp is based in Marlboro, New Jersey.
What is Nedc Riverfront Corp's EIN?
Nedc Riverfront Corp's Employer Identification Number (EIN) is 222595743. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Nedc Riverfront Corp?
Nedc Riverfront Corp is classified under NTEE code S300 (Community Improvement).
Is Nedc Riverfront Corp a registered 501(c)(3)?
Yes, Nedc Riverfront Corp is recognized as a tax-exempt organization by the IRS. EIN: 222595743.
Does Nedc Riverfront Corp file IRS Form 990?
Yes, Nedc Riverfront Corp has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Nedc Riverfront Corp's revenue in 2023?
In the 202306 filing period, Nedc Riverfront Corp reported total revenue of $821,531, total expenses of $521,777, and net assets of $1,600,505.
Is Nedc Riverfront Corp's revenue growing or declining?
Nedc Riverfront Corp's revenue is growing. Revenue went from $423,359 (202206) to $821,531 (202306), a +94.1% change. Based on 12 filings on record.
What is Nedc Riverfront Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Nedc Riverfront Corp covers tax period 202306. It shows revenue of $821,531, expenses of $521,777, total assets of $1,600,505, and liabilities of $1,927,324.
Is Nedc Riverfront Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Nedc Riverfront Corp shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Nedc Riverfront Corp?
The following concerns were identified: Consistent 'c0%' for compensation across all filings is a major red flag, indicating a lack of transparency regarding how executives or key employees are compensated.. Total liabilities of $1,927,324 in 2023 significantly exceed total assets of $1,600,505, indicating a precarious financial position.. Revenue has been highly volatile, with a negative revenue of -$57,387 in 2018 and a significant drop from $821,531 in 2023 to $798,144 in the current data, suggesting an unstable funding model.. The absence of detailed expense breakdowns (programs, admin, fundraising) makes it impossible to evaluate how funds are being utilized to achieve the mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Nedc Riverfront Corp's strengths?
Positive indicators for Nedc Riverfront Corp include: The organization has maintained significant assets, reaching $1,604,654, which could provide a base for future operations if financial management improves.. These findings are derived from AI analysis of the organization's financial filings.
How does Nedc Riverfront Corp compensate executives?
Executive compensation is reported as 0% across all available filings, which is highly improbable for an organization with significant revenue and assets, raising serious questions about the transparency of compensation practices. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation reporting, how does Nedc Riverfront Corp attract and retain leadership, and what is the actual compensation structure for its executives or key personnel?
The consistent reporting of 'c0%' for compensation across all filings is highly unusual and suggests that executive or key personnel compensation is either not being reported or is being compensated through non-traditional means not reflected in the provided data. This lack of transparency makes it impossible to assess the fairness or appropriateness of leadership compensation.
With total liabilities consistently exceeding total assets, what specific strategies are in place to address the organization's long-term financial solvency and reduce its debt burden?
The organization's financial health appears concerning, with liabilities of $1,927,324 significantly outweighing assets of $1,600,505 in 2023. Without a clear breakdown of expenses or specific strategies for debt reduction, the long-term financial solvency of Nedc Riverfront Corp is questionable.
Filing History
IRS 990 filing history for Nedc Riverfront Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Nedc Riverfront Corp's revenue has grown by 106.2%, moving from $398K to $822K. Total assets increased by 176.8% over the same period, from $578K to $1.6M. Total functional expenses rose by 18%, from $442K to $522K. In its most recent filing year (2023), Nedc Riverfront Corp reported a surplus of $300K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $1.6M in assets (debt-to-asset ratio: 120.4%), resulting in net assets of $-326,819.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $822K | $522K | $1.6M | $1.9M | — | View 990 |
| 2022 | $423K | $628K | $1.5M | $2.2M | — | View 990 |
| 2021 | $478K | $395K | $1.5M | $1.9M | — | View 990 |
| 2020 | $346K | $399K | $1.4M | $1.9M | — | — |
| 2019 | $467K | $319K | $1.4M | $1.8M | — | View 990 |
| 2018 | $-57,387 | $276K | $1.2M | $1.8M | — | View 990 |
| 2017 | $4K | $285K | $320K | $587K | — | View 990 |
| 2015 | $260K | $301K | $559K | $273K | — | View 990 |
| 2014 | $402K | $323K | $601K | $273K | — | View 990 |
| 2013 | $360K | $357K | $522K | $273K | — | View 990 |
| 2012 | $266K | $318K | $519K | $273K | — | View 990 |
| 2011 | $398K | $442K | $578K | $281K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $822K, expenses of $522K, and assets of $1.6M (revenue +94.1% year-over-year).
- 2022: Revenue of $423K, expenses of $628K, and assets of $1.5M (revenue -11.4% year-over-year).
- 2021: Revenue of $478K, expenses of $395K, and assets of $1.5M (revenue +37.9% year-over-year).
- 2020: Revenue of $346K, expenses of $399K, and assets of $1.4M (revenue -25.8% year-over-year).
- 2019: Revenue of $467K, expenses of $319K, and assets of $1.4M.
- 2018: Revenue of $-57,387, expenses of $276K, and assets of $1.2M (revenue -1681.8% year-over-year).
- 2017: Revenue of $4K, expenses of $285K, and assets of $320K (revenue -98.6% year-over-year).
- 2015: Revenue of $260K, expenses of $301K, and assets of $559K (revenue -35.4% year-over-year).
- 2014: Revenue of $402K, expenses of $323K, and assets of $601K (revenue +11.7% year-over-year).
- 2013: Revenue of $360K, expenses of $357K, and assets of $522K (revenue +35.2% year-over-year).
- 2012: Revenue of $266K, expenses of $318K, and assets of $519K (revenue -33.2% year-over-year).
- 2011: Revenue of $398K, expenses of $442K, and assets of $578K.
Data Sources and Methodology
This transparency report for Nedc Riverfront 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.