New Jerusalem Community Development Corporation
New Jerusalem CDC consistently operates near break-even with no reported officer compensation.
EIN: 10714415 · Miami, FL · NTEE: S20 · Updated: 2026-03-28
Is New Jerusalem Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jerusalem Community Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jerusalem Community Development Corporation
New Jerusalem Community Development Corporation (EIN: 10714415) is a nonprofit organization based in Miami, FL, classified under NTEE code S20. The organization reported total revenue of $1.2M and total assets of $248K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jerusalem Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jerusalem Community Development Corporation is a mid-size nonprofit that has been operating for 23 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-51,254 |
| Total Assets | $305K |
| Total Liabilities | $40K |
| Net Assets | $265K |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, New Jerusalem Community Development Corporation reported a deficit of $51K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 15 years of filings (2009–2023), New Jerusalem Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +8.7% | -23.0% |
| 2022 | +5.1% | +19.8% | +6.0% |
| 2021 | +24.3% | +15.1% | +21.9% |
| 2020 | -16.2% | -16.9% | -3.8% |
| 2019 | +2.0% | +6.2% | +43.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 New Jerusalem Community Development Corporation 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, New Jerusalem Community Development Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
New Jerusalem Community Development Corporation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean leadership structure.
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 New Jerusalem Community Development Corporation's IRS 990 filings:
- Recent operating deficits (e.g., 2023 and 2022) could strain financial stability if continued.
- Limited asset reserves relative to annual expenses, potentially impacting long-term resilience.
Strengths
The following positive indicators were identified for New Jerusalem Community Development Corporation:
- Consistent 0% officer compensation, indicating high efficiency and dedication of resources to programs.
- Long history of consistent operations and IRS 990 filings (15 filings), demonstrating transparency and stability.
- General growth in assets over the past decade, from $79,001 in 2014 to $304,956 in 2023.
- Consistent revenue generation above $1 million in recent years, indicating strong program demand or funding.
Frequently Asked Questions about New Jerusalem Community Development Corporation
Is New Jerusalem Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jerusalem Community Development Corporation (EIN: 10714415) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does New Jerusalem Community Development Corporation spend its money?
New Jerusalem Community Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Jerusalem Community Development Corporation tax-deductible?
New Jerusalem Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 10714415). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is New Jerusalem Community Development Corporation a good charity?
Based on the available IRS 990 data, New Jerusalem Community Development Corporation appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation and its operational efficiency in directing funds towards its mission. While recent years show expenses slightly exceeding revenue, indicating tight financial management, the overall trend of operating near break-even and the lack of executive salaries are positive indicators.
How does New Jerusalem CDC manage its executive compensation?
New Jerusalem Community Development Corporation consistently reports 0% officer compensation in all available IRS 990 filings. This means that no salaries or other compensation are paid to its officers, which is a significant indicator of a volunteer-driven leadership or a highly efficient operational model where leadership costs are absorbed elsewhere or are non-existent.
What is the financial trend of New Jerusalem CDC's assets?
New Jerusalem CDC's assets have shown a general upward trend over the past decade, increasing from $79,001 in 2014 to $304,956 in 2023, despite some fluctuations. This indicates a gradual accumulation of resources, contributing to the organization's long-term stability.
Does New Jerusalem CDC operate with a surplus or deficit?
New Jerusalem CDC generally operates near break-even. While some years, like 2021, showed a surplus ($1,008,669 revenue vs. $905,407 expenses), recent years, such as 2023 ($1,127,400 revenue vs. $1,178,654 expenses) and 2022 ($1,059,725 revenue vs. $1,084,260 expenses), indicate slight operating deficits. This suggests a lean operational model with limited reserves.
Filing History
IRS 990 filing history for New Jerusalem Community Development Corporation showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), New Jerusalem Community Development Corporation's revenue has grown by 133.8%, moving from $482K to $1.1M. Total assets increased by 195.3% over the same period, from $103K to $305K. Total functional expenses rose by 155.6%, from $461K to $1.2M. In its most recent filing year (2023), New Jerusalem Community Development Corporation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $40K in liabilities against $305K in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $265K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $305K | $40K | — | — |
| 2022 | $1.1M | $1.1M | $396K | $80K | — | View 990 |
| 2021 | $1.0M | $905K | $374K | $33K | — | View 990 |
| 2020 | $811K | $787K | $307K | $69K | — | View 990 |
| 2019 | $969K | $946K | $319K | $106K | — | View 990 |
| 2018 | $950K | $891K | $222K | $5K | — | View 990 |
| 2017 | $886K | $879K | $167K | $8K | — | View 990 |
| 2016 | $908K | $846K | $172K | $20K | — | View 990 |
| 2015 | $353K | $374K | $122K | $114K | — | View 990 |
| 2014 | $414K | $430K | $79K | $5K | — | View 990 |
| 2013 | $395K | $367K | $98K | $15K | — | View 990 |
| 2012 | $385K | $400K | $88K | $406 | — | View 990 |
| 2011 | $413K | $402K | $131K | $11K | — | View 990 |
| 2010 | $428K | $359K | $134K | $5K | — | View 990 |
| 2009 | $482K | $461K | $103K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $305K (revenue +6.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $396K (revenue +5.1% year-over-year).
- 2021: Revenue of $1.0M, expenses of $905K, and assets of $374K (revenue +24.3% year-over-year).
- 2020: Revenue of $811K, expenses of $787K, and assets of $307K (revenue -16.2% year-over-year).
- 2019: Revenue of $969K, expenses of $946K, and assets of $319K (revenue +2.0% year-over-year).
- 2018: Revenue of $950K, expenses of $891K, and assets of $222K (revenue +7.1% year-over-year).
- 2017: Revenue of $886K, expenses of $879K, and assets of $167K (revenue -2.4% year-over-year).
- 2016: Revenue of $908K, expenses of $846K, and assets of $172K (revenue +157.4% year-over-year).
- 2015: Revenue of $353K, expenses of $374K, and assets of $122K (revenue -14.8% year-over-year).
- 2014: Revenue of $414K, expenses of $430K, and assets of $79K (revenue +4.7% year-over-year).
- 2013: Revenue of $395K, expenses of $367K, and assets of $98K (revenue +2.8% year-over-year).
- 2012: Revenue of $385K, expenses of $400K, and assets of $88K (revenue -7.0% year-over-year).
- 2011: Revenue of $413K, expenses of $402K, and assets of $131K (revenue -3.3% year-over-year).
- 2010: Revenue of $428K, expenses of $359K, and assets of $134K (revenue -11.3% year-over-year).
- 2009: Revenue of $482K, expenses of $461K, and assets of $103K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jerusalem Community Development Corporation:
Data Sources and Methodology
This transparency report for New Jerusalem 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.