Newton Highlands Community Development Corp
EIN: 42707265 · Newton Hlds, MA · NTEE: P28Z
| Metric | Value |
|---|---|
| Total Revenue | $252K |
| Total Expenses | $258K |
| Net Assets | $523K |
Is Newton Highlands Community Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newton Highlands Community Development Corp
Newton Highlands Community Development Corp (EIN: 42707265) is a nonprofit organization based in Newton Hlds, MA, classified under NTEE code P28Z. The organization reported total revenue of $252K and total assets of $532K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newton Highlands Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newton Highlands Community Development Corp is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $258K |
| Surplus / Deficit | +$22K |
| Total Assets | $562K |
| Total Liabilities | $39K |
| Net Assets | $523K |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 26.1 months |
Financial Health Grade: A
In 2023, Newton Highlands Community Development Corp reported a surplus of $22K with revenue exceeding expenses, holds 26.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newton Highlands Community Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.3% | -3.3% | +3.7% |
| 2022 | -11.9% | +1.4% | -3.9% |
| 2021 | -14.8% | -25.6% | -1.2% |
| 2020 | -19.6% | -11.8% | -8.2% |
| 2019 | +2.8% | -1.9% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newton Highlands Community Development Corp 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 Newton Highlands Community Development Corp 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.0%.
Frequently Asked Questions about Newton Highlands Community Development Corp
Is Newton Highlands Community Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Newton Highlands Community Development Corp (EIN: 42707265) insufficient data. 0 red flags identified, 0 strengths noted.
How does Newton Highlands Community Development Corp spend its money?
Detailed spending breakdown data is not yet available for Newton Highlands Community Development Corp. Check back for updated IRS 990 analysis.
Are donations to Newton Highlands Community Development Corp tax-deductible?
Newton Highlands Community Development Corp is registered as a tax-exempt nonprofit (EIN: 42707265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newton Highlands Community Development Corp located?
Newton Highlands Community Development Corp is headquartered in Newton Hlds, Massachusetts and files with the IRS under EIN 42707265. It is classified under NTEE code P28Z.
How many years of IRS 990 filings does Newton Highlands Community Development Corp have?
Newton Highlands Community Development Corp has 13 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 $252K in total revenue.
Filing History
IRS 990 filing history for Newton Highlands Community Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newton Highlands Community Development Corp's revenue has declined by 16.6%, moving from $336K to $281K. Total assets decreased by 0.4% over the same period, from $564K to $562K. Total functional expenses fell by 23.8%, from $339K to $258K. In its most recent filing year (2023), Newton Highlands Community Development Corp reported a surplus of $22K, with revenue exceeding expenses. The organization holds $39K in liabilities against $562K in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $523K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $258K | $562K | $39K | — | — |
| 2022 | $239K | $267K | $542K | $41K | — | View 990 |
| 2021 | $272K | $263K | $564K | $36K | — | View 990 |
| 2020 | $319K | $354K | $571K | $51K | — | View 990 |
| 2019 | $396K | $401K | $622K | $67K | — | View 990 |
| 2018 | $385K | $409K | $592K | $73K | — | View 990 |
| 2017 | $403K | $427K | $631K | $89K | — | View 990 |
| 2016 | $372K | $413K | $647K | $81K | — | View 990 |
| 2015 | $330K | $406K | $686K | $79K | — | View 990 |
| 2014 | $399K | $362K | $736K | $54K | — | View 990 |
| 2013 | $524K | $366K | $736K | $91K | — | View 990 |
| 2012 | $291K | $347K | $552K | $64K | — | View 990 |
| 2011 | $336K | $339K | $564K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $258K, and assets of $562K (revenue +17.3% year-over-year).
- 2022: Revenue of $239K, expenses of $267K, and assets of $542K (revenue -11.9% year-over-year).
- 2021: Revenue of $272K, expenses of $263K, and assets of $564K (revenue -14.8% year-over-year).
- 2020: Revenue of $319K, expenses of $354K, and assets of $571K (revenue -19.6% year-over-year).
- 2019: Revenue of $396K, expenses of $401K, and assets of $622K (revenue +2.8% year-over-year).
- 2018: Revenue of $385K, expenses of $409K, and assets of $592K (revenue -4.5% year-over-year).
- 2017: Revenue of $403K, expenses of $427K, and assets of $631K (revenue +8.5% year-over-year).
- 2016: Revenue of $372K, expenses of $413K, and assets of $647K (revenue +12.7% year-over-year).
- 2015: Revenue of $330K, expenses of $406K, and assets of $686K (revenue -17.3% year-over-year).
- 2014: Revenue of $399K, expenses of $362K, and assets of $736K (revenue -23.8% year-over-year).
- 2013: Revenue of $524K, expenses of $366K, and assets of $736K (revenue +80.0% year-over-year).
- 2012: Revenue of $291K, expenses of $347K, and assets of $552K (revenue -13.5% year-over-year).
- 2011: Revenue of $336K, expenses of $339K, and assets of $564K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newton Highlands Community Development Corp:
Data Sources and Methodology
This transparency report for Newton Highlands 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.