Pinnacle Community Developmentcorporation
Pinnacle Community Development Corporation faces recent revenue declines and consistent deficits, with liabilities exceeding assets in its latest filing.
EIN: 204459428 · Durham, NC · NTEE: S21 · Updated: 2026-03-28
Is Pinnacle Community Developmentcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pinnacle Community Developmentcorporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pinnacle Community Developmentcorporation
Pinnacle Community Developmentcorporation (EIN: 204459428) is a nonprofit organization based in Durham, NC, classified under NTEE code S21. The organization reported total revenue of $433K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pinnacle Community Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pinnacle Community Developmentcorporation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $536K |
| Total Expenses | $690K |
| Surplus / Deficit | $-153,180 |
| Total Assets | $117K |
| Total Liabilities | $150K |
| Net Assets | $-33,205 |
| Operating Margin | -28.6% |
| Debt-to-Asset Ratio | 128.4% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2023, Pinnacle Community Developmentcorporation reported a deficit of $153K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 128.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pinnacle Community Developmentcorporation's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.3% | -22.6% | -56.7% |
| 2022 | -32.7% | -7.0% | -18.6% |
| 2021 | +286.3% | +80.7% | +473.1% |
| 2020 | -27.5% | +44.9% | -51.5% |
| 2019 | +83.0% | +54.8% | +164.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Pinnacle Community Developmentcorporation with a Mission Score of 70 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, Pinnacle Community Developmentcorporation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $153K, with expenses exceeding revenue.
- Debt-to-asset ratio: 128.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of this size.
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 Pinnacle Community Developmentcorporation's IRS 990 filings:
- Consistent deficits where expenses exceed revenue (e.g., 2023, 2022, 2020).
- Liabilities ($150,000) exceeding assets ($116,795) in the latest filing (2023).
- Significant decline in revenue from $1.2M in 2021 to $536K in 2023.
Strengths
The following positive indicators were identified for Pinnacle Community Developmentcorporation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Focus on community development (NTEE S21) aligns with a direct mission impact.
Frequently Asked Questions about Pinnacle Community Developmentcorporation
Is Pinnacle Community Developmentcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pinnacle Community Developmentcorporation (EIN: 204459428) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Pinnacle Community Developmentcorporation spend its money?
Pinnacle Community Developmentcorporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pinnacle Community Developmentcorporation tax-deductible?
Pinnacle Community Developmentcorporation is registered as a tax-exempt nonprofit (EIN: 204459428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Pinnacle Community Development Corporation financially stable?
The organization's financial stability is a concern, as expenses have frequently exceeded revenue (e.g., $689,667 expenses vs. $536,487 revenue in 2023), and liabilities ($150,000) have surpassed assets ($116,795) in the latest filing period.
How has the organization's revenue trended?
Revenue has shown significant fluctuation, peaking at $1,232,408 in 2021 but declining to $536,487 in 2023, indicating a recent downward trend.
What is the organization's approach to executive compensation?
Pinnacle Community Development Corporation reports 0% officer compensation across all available filings, suggesting a volunteer or uncompensated leadership structure.
Are the organization's assets sufficient to cover its liabilities?
No, in the latest filing (2023), the organization's assets ($116,795) are less than its liabilities ($150,000), which is a financial red flag.
Filing History
IRS 990 filing history for Pinnacle Community Developmentcorporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pinnacle Community Developmentcorporation's revenue has grown by 702%, moving from $67K to $536K. Total assets increased by 4386.9% over the same period, from $3K to $117K. Total functional expenses rose by 932.7%, from $67K to $690K. In its most recent filing year (2023), Pinnacle Community Developmentcorporation reported a deficit of $153K, with expenses exceeding revenue. The organization holds $150K in liabilities against $117K in assets (debt-to-asset ratio: 128.4%), resulting in net assets of $-33,205.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $536K | $690K | $117K | $150K | — | View 990 |
| 2022 | $830K | $891K | $270K | $150K | — | View 990 |
| 2021 | $1.2M | $959K | $332K | $150K | — | View 990 |
| 2020 | $319K | $531K | $58K | $150K | — | View 990 |
| 2019 | $440K | $366K | $119K | $0 | — | View 990 |
| 2018 | $241K | $237K | $45K | $0 | — | View 990 |
| 2017 | $284K | $298K | $41K | $0 | — | View 990 |
| 2016 | $260K | $296K | $56K | $0 | — | View 990 |
| 2015 | $287K | $233K | $91K | $0 | — | View 990 |
| 2014 | $271K | $245K | $38K | $0 | — | View 990 |
| 2013 | $154K | $143K | $12K | $0 | — | View 990 |
| 2012 | $70K | $71K | $2K | $0 | — | View 990 |
| 2011 | $67K | $67K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $536K, expenses of $690K, and assets of $117K (revenue -35.3% year-over-year).
- 2022: Revenue of $830K, expenses of $891K, and assets of $270K (revenue -32.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $959K, and assets of $332K (revenue +286.3% year-over-year).
- 2020: Revenue of $319K, expenses of $531K, and assets of $58K (revenue -27.5% year-over-year).
- 2019: Revenue of $440K, expenses of $366K, and assets of $119K (revenue +83.0% year-over-year).
- 2018: Revenue of $241K, expenses of $237K, and assets of $45K (revenue -15.2% year-over-year).
- 2017: Revenue of $284K, expenses of $298K, and assets of $41K (revenue +9.0% year-over-year).
- 2016: Revenue of $260K, expenses of $296K, and assets of $56K (revenue -9.2% year-over-year).
- 2015: Revenue of $287K, expenses of $233K, and assets of $91K (revenue +6.0% year-over-year).
- 2014: Revenue of $271K, expenses of $245K, and assets of $38K (revenue +75.9% year-over-year).
- 2013: Revenue of $154K, expenses of $143K, and assets of $12K (revenue +119.1% year-over-year).
- 2012: Revenue of $70K, expenses of $71K, and assets of $2K (revenue +5.0% year-over-year).
- 2011: Revenue of $67K, expenses of $67K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pinnacle Community Developmentcorporation:
Data Sources and Methodology
This transparency report for Pinnacle Community Developmentcorporation 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.