Newmarket Community Development Corp

Newmarket Community Development Corp operates with minimal revenue, sustained by substantial assets, and no reported officer compensation.

EIN: 20370974 · Newmarket, NH · NTEE: S31 · Updated: 2026-03-28

$0Revenue

$0Assets

65/100Mission Score (Good)

S31

About Newmarket Community Development Corp

Newmarket Community Development Corp (EIN: 20370974) is a nonprofit organization based in Newmarket, NH, classified under NTEE code S31. 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 Newmarket Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Newmarket Community Development Corp appears to be a very small organization, with recent annual revenues consistently below $50,000, and even reporting $0 in its latest filing. Despite low revenues, the organization has maintained substantial assets, typically over $800,000, with no reported liabilities in most recent years, suggesting a strong balance sheet. However, the consistent pattern of expenses often exceeding revenue, such as in 2017 ($34,270 expenses vs. $25,228 revenue) and 2016 ($30,123 expenses vs. $17,228 revenue), indicates a reliance on existing assets or prior period surpluses to cover operational costs. The significant negative revenue reported in 2010 ($-636,068) is a notable outlier that warrants further investigation, as it dramatically skews the long-term financial picture. The absence of officer compensation across all reported periods suggests a volunteer-led or very lean operational structure, which can be a positive for efficiency but also raises questions about the capacity for sustained program delivery given the minimal revenue.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Newmarket Community Development Corp with a Mission Score of 65 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: 80%
fundraising: 5%

According to IRS 990 filings, Newmarket Community Development Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported across all nine filings, indicating a volunteer-led organization or one with no paid executives, which is highly unusual for an organization with over $800,000 in assets.

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 Newmarket Community Development Corp's IRS 990 filings:

Consistent pattern of expenses exceeding revenue in multiple years (e.g., 2017, 2016, 2015, 2012, 2011), indicating reliance on reserves.
Significant negative revenue of $-636,068 reported in 2010, which is highly unusual and unexplained by the provided data.
Latest filing shows $0 revenue and $0 assets, a drastic change from previous years with over $800,000 in assets, raising concerns about the organization's current status or reporting accuracy.
No officer compensation reported despite substantial assets, which could indicate a lack of professional management or a fully volunteer-run model that may not be sustainable for an organization of this asset size.

Strengths

The following positive indicators were identified for Newmarket Community Development Corp:

Strong asset base, consistently over $800,000 for many years, providing financial stability.
Minimal to no liabilities reported in most years, indicating a healthy balance sheet.
No reported officer compensation, suggesting a highly efficient or volunteer-driven operational model.

Frequently Asked Questions about Newmarket Community Development Corp

How does Newmarket Community Development Corp sustain its operations with consistently low revenue, often less than expenses?

The organization appears to be drawing from its substantial asset base, which has consistently been over $800,000, to cover operational expenses when revenue falls short, as seen in 2017 where expenses were $34,270 against $25,228 in revenue.

What caused the significant negative revenue of $-636,068 reported in 2010?

This extreme negative revenue figure in 2010 is a critical anomaly that would require reviewing the original Form 990 filing to understand the specific nature of this financial event, as it significantly impacts the organization's historical financial performance.

Given the $0 revenue and $0 assets in the latest filing, is the organization still active?

The latest filing showing $0 revenue and $0 assets, following years of substantial assets, suggests a potential cessation of operations, a significant change in reporting, or an error. Further investigation into the organization's current status would be necessary.

What are the specific programs or activities that Newmarket Community Development Corp undertakes?

While the NTEE code S31 indicates 'Community Development Corporations, Community Chests, and United Ways', the financial data alone does not detail specific programs. Given the low revenue, the scale of any programs would likely be limited.

Filing History

IRS 990 filing history for Newmarket Community Development Corp showing financial trends over 9 years of public records:

Total assets increased by 0.2% over the same period, from $850K to $852K. Total functional expenses fell by 61.1%, from $83K to $32K. In its most recent filing year (2018), Newmarket Community Development Corp reported a surplus of $18K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2018	$50K	$32K	$852K	$0	—	View 990
2017	$25K	$34K	$835K	$0	—	—
2016	$17K	$30K	$844K	$0	—	View 990
2015	$33K	$34K	$856K	$0	—	View 990
2014	$32K	$27K	$858K	$0	—	View 990
2013	$95K	$63K	$872K	$20K	—	View 990
2012	$13K	$28K	$821K	$0	—	View 990
2011	$15K	$29K	$835K	$0	—	View 990
2010	$-636,068	$83K	$850K	$75	—	View 990

Year-by-Year Financial Summary

2018: Revenue of $50K, expenses of $32K, and assets of $852K (revenue +97.9% year-over-year).
2017: Revenue of $25K, expenses of $34K, and assets of $835K (revenue +46.4% year-over-year).
2016: Revenue of $17K, expenses of $30K, and assets of $844K (revenue -47.3% year-over-year).
2015: Revenue of $33K, expenses of $34K, and assets of $856K (revenue +1.7% year-over-year).
2014: Revenue of $32K, expenses of $27K, and assets of $858K (revenue -66.0% year-over-year).
2013: Revenue of $95K, expenses of $63K, and assets of $872K (revenue +617.3% year-over-year).
2012: Revenue of $13K, expenses of $28K, and assets of $821K (revenue -9.4% year-over-year).
2011: Revenue of $15K, expenses of $29K, and assets of $835K.
2010: Revenue of $-636,068, expenses of $83K, and assets of $850K.

Data Sources and Methodology

This transparency report for Newmarket Community 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.