Pine Crest Development Corp
Pine Crest Development Corp consistently operates at a significant deficit, with expenses far exceeding minimal revenue and declining assets.
EIN: 10509853 · Dovr Foxcroft, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $49K |
| Net Assets | $347K |
| Transparency Score | 20/100 |
Is Pine Crest Development Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pine Crest Development Corp
Pine Crest Development Corp (EIN: 10509853) is a nonprofit organization based in Dovr Foxcroft, ME. 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 Pine Crest Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pine Crest Development Corp is a micro nonprofit that has been operating for 29 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $49K |
| Surplus / Deficit | $-36,513 |
| Total Assets | $1.7M |
| Total Liabilities | $1.3M |
| Net Assets | $347K |
| Operating Margin | -295.6% |
| Debt-to-Asset Ratio | 79.4% |
| Months of Reserves | 414.3 months |
Financial Health Grade: C
In 2022, Pine Crest Development Corp reported a deficit of $37K with expenses exceeding revenue, holds 414.3 months of operating reserves (strong position), has a debt-to-asset ratio of 79.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Pine Crest Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +208.7% | -0.6% | -3.4% |
| 2021 | +-0.0% | +1.3% | -2.5% |
| 2020 | +0.0% | -2.6% | -2.4% |
| 2019 | +0.0% | +0.5% | -2.4% |
| 2018 | +-0.0% | -0.2% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Pine Crest Development Corp with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Pine Crest Development Corp allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 79.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available years, indicating that no officers or key employees are receiving salaries from the organization, which is a positive for minimizing administrative overhead.
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 Pine Crest Development Corp's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $36,513 loss in 2022).
- Steadily declining assets over multiple years (from $2,066,954 in 2014 to $1,687,258 in 2022).
- High liabilities relative to declining assets ($1,340,266 liabilities vs. $1,687,258 assets in 2022).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data.
- Unknown NTEE code and lack of program description, hindering understanding of mission.
Strengths
The following positive indicators were identified for Pine Crest Development Corp:
- Consistent filing of IRS Form 990s, indicating compliance.
- 0% officer compensation reported across all years, minimizing executive overhead.
Frequently Asked Questions about Pine Crest Development Corp
Is Pine Crest Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Pine Crest Development Corp (EIN: 10509853) significant concerns. Mission Score: 20/100. 5 red flags identified, 2 strengths noted.
How does Pine Crest Development Corp spend its money?
Detailed spending breakdown data is not yet available for Pine Crest Development Corp. Check back for updated IRS 990 analysis.
Are donations to Pine Crest Development Corp tax-deductible?
Pine Crest Development Corp is registered as a tax-exempt nonprofit (EIN: 10509853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pine Crest Development Corp located?
Pine Crest Development Corp is headquartered in Dovr Foxcroft, Maine and files with the IRS under EIN 10509853.
How many years of IRS 990 filings does Pine Crest Development Corp have?
Pine Crest Development Corp has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
How does Pine Crest Development Corp cover its consistent operating deficits?
The organization consistently reports expenses significantly higher than its revenue (e.g., $48,866 expenses vs. $12,353 revenue in 2022). This suggests they are either drawing down on existing assets, receiving significant non-cash contributions, or have other funding sources not reflected in the 'Revenue' line item provided.
What are the specific program activities of Pine Crest Development Corp?
The provided data does not specify the organization's program activities, and its NTEE code is listed as 'Unknown'. This lack of information makes it difficult to assess what services the organization provides or how effectively it uses its resources for its stated mission.
What is the long-term financial sustainability plan for Pine Crest Development Corp given its declining assets and persistent losses?
With assets declining from $2,066,954 in 2014 to $1,687,258 in 2022, and consistent annual operating losses, the organization's current financial model appears unsustainable in the long run without a significant increase in revenue or reduction in expenses.
Why is there no breakdown of expenses into program, administrative, and fundraising categories?
The provided summary data from the IRS 990 filings does not include a detailed breakdown of expenses. Without this information, it's impossible to determine the organization's spending efficiency in terms of how much goes directly to programs versus overhead.
Filing History
IRS 990 filing history for Pine Crest Development Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Pine Crest Development Corp's revenue has grown by 208.3%, moving from $4K to $12K. Total assets increased by 85.2% over the same period, from $911K to $1.7M. Total functional expenses rose by 620.6%, from $7K to $49K. In its most recent filing year (2022), Pine Crest Development Corp reported a deficit of $37K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $1.7M in assets (debt-to-asset ratio: 79.4%), resulting in net assets of $347K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $12K | $49K | $1.7M | $1.3M | — | — |
| 2021 | $4K | $49K | $1.7M | $1.4M | — | — |
| 2020 | $4K | $49K | $1.8M | $1.4M | — | — |
| 2019 | $4K | $50K | $1.8M | $1.4M | — | View 990 |
| 2018 | $4K | $50K | $1.9M | $1.4M | — | View 990 |
| 2017 | $4K | $50K | $1.9M | $1.4M | — | View 990 |
| 2016 | $5K | $53K | $2.0M | $1.4M | — | View 990 |
| 2015 | $6K | $53K | $2.0M | $1.4M | — | View 990 |
| 2014 | $4K | $185K | $2.1M | $1.4M | — | View 990 |
| 2013 | $4K | $5K | $907K | $22K | — | View 990 |
| 2012 | $4K | $7K | $908K | $22K | — | View 990 |
| 2011 | $4K | $7K | $911K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $12K, expenses of $49K, and assets of $1.7M (revenue +208.7% year-over-year).
- 2021: Revenue of $4K, expenses of $49K, and assets of $1.7M (revenue +-0.0% year-over-year).
- 2020: Revenue of $4K, expenses of $49K, and assets of $1.8M (revenue +0.0% year-over-year).
- 2019: Revenue of $4K, expenses of $50K, and assets of $1.8M (revenue +0.0% year-over-year).
- 2018: Revenue of $4K, expenses of $50K, and assets of $1.9M (revenue +-0.0% year-over-year).
- 2017: Revenue of $4K, expenses of $50K, and assets of $1.9M (revenue -25.9% year-over-year).
- 2016: Revenue of $5K, expenses of $53K, and assets of $2.0M (revenue -10.1% year-over-year).
- 2015: Revenue of $6K, expenses of $53K, and assets of $2.0M (revenue +49.9% year-over-year).
- 2014: Revenue of $4K, expenses of $185K, and assets of $2.1M (revenue +0.2% year-over-year).
- 2013: Revenue of $4K, expenses of $5K, and assets of $907K (revenue +-0.0% year-over-year).
- 2012: Revenue of $4K, expenses of $7K, and assets of $908K (revenue -0.1% year-over-year).
- 2011: Revenue of $4K, expenses of $7K, and assets of $911K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pine Crest Development Corp:
Data Sources and Methodology
This transparency report for Pine Crest 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.