Northeast Alabama Community Development Corporation
Northeast Alabama Community Development Corporation faces persistent operational deficits despite stable assets and no reported officer compensation.
EIN: 134221502 · Anniston, AL · NTEE: B80 · Updated: 2026-03-28
Is Northeast Alabama 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 →
Northeast Alabama Community Development Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Northeast Alabama Community Development Corporation
Northeast Alabama Community Development Corporation (EIN: 134221502) is a nonprofit organization based in Anniston, AL, classified under NTEE code B80. The organization reported total revenue of $65K and total assets of $443K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Alabama Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeast Alabama Community Development Corporation is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $73K |
| Surplus / Deficit | $-14,824 |
| Total Assets | $451K |
| Total Liabilities | $66K |
| Net Assets | $385K |
| Operating Margin | -25.6% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 74.5 months |
Financial Health Grade: B
In 2023, Northeast Alabama Community Development Corporation reported a deficit of $15K with expenses exceeding revenue, holds 74.5 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northeast Alabama Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.5% | -28.6% | +16.7% |
| 2022 | -30.0% | -27.7% | -6.1% |
| 2021 | +49.1% | +16.6% | -4.6% |
| 2020 | -34.7% | -28.9% | -6.2% |
| 2019 | -5.0% | -0.5% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Northeast Alabama Community Development Corporation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Northeast Alabama Community Development Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for minimizing administrative costs.
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 Northeast Alabama Community Development Corporation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $72,681 expenses vs. $57,857 revenue in 2023.
- Significant decline in revenue from $274,163 in 2017 to $57,857 in 2023.
- Fluctuating but often high liabilities, peaking at $255,675 in 2020, relative to assets.
Strengths
The following positive indicators were identified for Northeast Alabama Community Development Corporation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds in this area.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and accountability.
- Maintained a stable asset base (around $400,000-$500,000) despite operational deficits.
Frequently Asked Questions about Northeast Alabama Community Development Corporation
Is Northeast Alabama Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Alabama Community Development Corporation (EIN: 134221502) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Northeast Alabama Community Development Corporation spend its money?
Northeast Alabama Community Development Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northeast Alabama Community Development Corporation tax-deductible?
Northeast Alabama Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 134221502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Northeast Alabama Community Development Corporation financially sustainable?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $72,681 expenses vs. $57,857 revenue in 2023), indicating a challenge in financial sustainability. While assets are stable, this trend suggests a reliance on reserves or past surpluses, which is not sustainable long-term without increased revenue or reduced expenses.
What is the trend in the organization's revenue?
Revenue has shown a significant decline since 2017, when it was $274,163, to $57,857 in 2023. This downward trend is a concern for the organization's future capacity.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all provided filings, indicating a strong commitment to directing funds away from executive salaries and towards its mission.
Filing History
IRS 990 filing history for Northeast Alabama Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northeast Alabama Community Development Corporation's revenue has declined by 73%, moving from $214K to $58K. Total assets increased by 236.9% over the same period, from $134K to $451K. Total functional expenses fell by 72%, from $260K to $73K. In its most recent filing year (2023), Northeast Alabama Community Development Corporation reported a deficit of $15K, with expenses exceeding revenue. The organization holds $66K in liabilities against $451K in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $385K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $73K | $451K | $66K | — | — |
| 2022 | $87K | $102K | $386K | $65K | — | View 990 |
| 2021 | $124K | $141K | $412K | $76K | — | View 990 |
| 2020 | $83K | $121K | $432K | $256K | — | — |
| 2019 | $128K | $170K | $460K | $224K | — | View 990 |
| 2018 | $134K | $171K | $493K | $214K | — | View 990 |
| 2017 | $274K | $186K | $509K | $194K | — | View 990 |
| 2016 | $245K | $193K | $410K | $184K | — | View 990 |
| 2015 | $180K | $101K | $358K | $183K | — | View 990 |
| 2014 | $205K | $208K | $283K | $187K | — | View 990 |
| 2013 | $147K | $164K | $269K | $133K | — | View 990 |
| 2012 | $274K | $254K | $232K | $78K | — | View 990 |
| 2011 | $214K | $260K | $134K | $379 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $73K, and assets of $451K (revenue -33.5% year-over-year).
- 2022: Revenue of $87K, expenses of $102K, and assets of $386K (revenue -30.0% year-over-year).
- 2021: Revenue of $124K, expenses of $141K, and assets of $412K (revenue +49.1% year-over-year).
- 2020: Revenue of $83K, expenses of $121K, and assets of $432K (revenue -34.7% year-over-year).
- 2019: Revenue of $128K, expenses of $170K, and assets of $460K (revenue -5.0% year-over-year).
- 2018: Revenue of $134K, expenses of $171K, and assets of $493K (revenue -51.0% year-over-year).
- 2017: Revenue of $274K, expenses of $186K, and assets of $509K (revenue +11.9% year-over-year).
- 2016: Revenue of $245K, expenses of $193K, and assets of $410K (revenue +36.3% year-over-year).
- 2015: Revenue of $180K, expenses of $101K, and assets of $358K (revenue -12.3% year-over-year).
- 2014: Revenue of $205K, expenses of $208K, and assets of $283K (revenue +39.6% year-over-year).
- 2013: Revenue of $147K, expenses of $164K, and assets of $269K (revenue -46.5% year-over-year).
- 2012: Revenue of $274K, expenses of $254K, and assets of $232K (revenue +27.8% year-over-year).
- 2011: Revenue of $214K, expenses of $260K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeast Alabama Community Development Corporation:
Data Sources and Methodology
This transparency report for Northeast Alabama 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.