New Beginnings Community Development Corporation
EIN: 721451305 · Port Allen, LA
| Metric | Value |
|---|---|
| Total Expenses | $334K |
| Net Assets | $-29,456 |
Is New Beginnings Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Beginnings Community Development Corporation
New Beginnings Community Development Corporation (EIN: 721451305) is a nonprofit organization based in Port Allen, LA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginnings Community Development Corporation is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $334K |
| Surplus / Deficit | $-53,782 |
| Total Assets | $77K |
| Total Liabilities | $107K |
| Net Assets | $-29,456 |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 138.1% |
| Months of Reserves | 2.8 months |
Financial Health Grade: D
In 2015, New Beginnings Community Development Corporation reported a deficit of $54K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 138.1% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), New Beginnings Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -8.0% | +12.4% | -21.3% |
| 2014 | +273.5% | +161.3% | +8.9% |
| 2013 | -44.3% | -46.2% | +76.5% |
| 2012 | -63.7% | -43.2% | -64.5% |
AI Analysis Pending
AI enrichment for New Beginnings Community Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Beginnings Community Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 138.1%.
Frequently Asked Questions about New Beginnings Community Development Corporation
Is New Beginnings Community Development Corporation a legitimate charity?
New Beginnings Community Development Corporation (EIN: 721451305) is a registered tax-exempt nonprofit based in Louisiana. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: D.
How does New Beginnings Community Development Corporation spend its money?
New Beginnings Community Development Corporation reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Beginnings Community Development Corporation tax-deductible?
New Beginnings Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 721451305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Beginnings Community Development Corporation located?
New Beginnings Community Development Corporation is headquartered in Port Allen, Louisiana and files with the IRS under EIN 721451305.
How many years of IRS 990 filings does New Beginnings Community Development Corporation have?
New Beginnings Community Development Corporation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for New Beginnings Community Development Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), New Beginnings Community Development Corporation's revenue has declined by 30.5%, moving from $404K to $281K. Total assets decreased by 46.4% over the same period, from $144K to $77K. Total functional expenses fell by 10.3%, from $373K to $334K. In its most recent filing year (2015), New Beginnings Community Development Corporation reported a deficit of $54K, with expenses exceeding revenue. The organization holds $107K in liabilities against $77K in assets (debt-to-asset ratio: 138.1%), resulting in net assets of $-29,456.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $281K | $334K | $77K | $107K | — | View 990 |
| 2014 | $305K | $298K | $98K | $74K | — | View 990 |
| 2013 | $82K | $114K | $90K | $81K | — | View 990 |
| 2012 | $147K | $212K | $51K | $13K | — | View 990 |
| 2011 | $404K | $373K | $144K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $281K, expenses of $334K, and assets of $77K (revenue -8.0% year-over-year).
- 2014: Revenue of $305K, expenses of $298K, and assets of $98K (revenue +273.5% year-over-year).
- 2013: Revenue of $82K, expenses of $114K, and assets of $90K (revenue -44.3% year-over-year).
- 2012: Revenue of $147K, expenses of $212K, and assets of $51K (revenue -63.7% year-over-year).
- 2011: Revenue of $404K, expenses of $373K, and assets of $144K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginnings Community Development Corporation:
Data Sources and Methodology
This transparency report for New Beginnings 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.