Penmar Development Corporation
EIN: 522030202 · Cascade, MD
| Metric | Value |
|---|---|
| Total Expenses | $1.7M |
| Net Assets | $6.9M |
Is Penmar 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 Penmar Development Corporation
Penmar Development Corporation (EIN: 522030202) is a nonprofit organization based in Cascade, MD. 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 Penmar Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penmar Development Corporation is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 65.2%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-500,311 |
| Total Assets | $7.1M |
| Total Liabilities | $258K |
| Net Assets | $6.9M |
| Operating Margin | -40.6% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 49.2 months |
Financial Health Grade: B
In 2016, Penmar Development Corporation reported a deficit of $500K with expenses exceeding revenue, holds 49.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2016), Penmar Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 65.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +23.6% | +2.1% | -7.0% |
| 2015 | +3.4% | +10.7% | -7.9% |
| 2014 | -80.0% | +8.6% | -5.7% |
| 2013 | +5475.6% | +332.2% | +68.2% |
| 2012 | -13.6% | -4.4% | -5.0% |
AI Analysis Pending
AI enrichment for Penmar 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 Penmar 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $500K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.6%.
Frequently Asked Questions about Penmar Development Corporation
Is Penmar Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Penmar Development Corporation (EIN: 522030202) insufficient data. 0 red flags identified, 0 strengths noted.
How does Penmar Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Penmar Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Penmar Development Corporation tax-deductible?
Penmar Development Corporation is registered as a tax-exempt nonprofit (EIN: 522030202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Penmar Development Corporation located?
Penmar Development Corporation is headquartered in Cascade, Maryland and files with the IRS under EIN 522030202.
How many years of IRS 990 filings does Penmar Development Corporation have?
Penmar Development Corporation has 6 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 Penmar Development Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Penmar Development Corporation's revenue has grown by 1128.6%, moving from $100K to $1.2M. Total assets increased by 29.2% over the same period, from $5.5M to $7.1M. Total functional expenses rose by 407.8%, from $341K to $1.7M. In its most recent filing year (2016), Penmar Development Corporation reported a deficit of $500K, with expenses exceeding revenue. The organization holds $258K in liabilities against $7.1M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $1.2M | $1.7M | $7.1M | $258K | — | View 990 |
| 2015 | $999K | $1.7M | $7.6M | $291K | — | View 990 |
| 2014 | $966K | $1.5M | $8.3M | $249K | — | View 990 |
| 2013 | $4.8M | $1.4M | $8.8M | $164K | — | View 990 |
| 2012 | $87K | $327K | $5.2M | $19K | — | View 990 |
| 2011 | $100K | $341K | $5.5M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1.2M, expenses of $1.7M, and assets of $7.1M (revenue +23.6% year-over-year).
- 2015: Revenue of $999K, expenses of $1.7M, and assets of $7.6M (revenue +3.4% year-over-year).
- 2014: Revenue of $966K, expenses of $1.5M, and assets of $8.3M (revenue -80.0% year-over-year).
- 2013: Revenue of $4.8M, expenses of $1.4M, and assets of $8.8M (revenue +5475.6% year-over-year).
- 2012: Revenue of $87K, expenses of $327K, and assets of $5.2M (revenue -13.6% year-over-year).
- 2011: Revenue of $100K, expenses of $341K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penmar Development Corporation:
Data Sources and Methodology
This transparency report for Penmar 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.