Pittsfield Center Development Corporation

Pittsfield Center Development Corporation experiences a significant financial turnaround in 2023, boosting assets and revenue.

EIN: 20368627 · Pittsfield, NH · Updated: 2026-03-28

$46KRevenue

$545KAssets

75/100Mission Score (Good)

About Pittsfield Center Development Corporation

Pittsfield Center Development Corporation (EIN: 20368627) is a nonprofit organization based in Pittsfield, NH. The organization reported total revenue of $46K and total assets of $545K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pittsfield Center Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Pittsfield Center Development Corporation demonstrates a fluctuating financial picture, with a significant positive shift in its latest reported period (202312). In this period, the organization reported revenue of $556,615 against expenses of $87,746, resulting in a substantial surplus and a healthy increase in assets to $558,570. This contrasts sharply with previous years, where expenses often exceeded revenue, leading to a gradual decline in assets from $257,951 in 2014 to $127,926 in 2022. The organization's spending efficiency appears strong in the most recent period, with a very low expense-to-revenue ratio. However, the lack of detailed expense breakdowns (program, admin, fundraising) in the provided data limits a precise assessment of spending efficiency across categories. The consistent reporting of 0% officer compensation suggests good financial stewardship regarding executive pay, though the overall transparency could be enhanced with more granular expense reporting.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Pittsfield Center Development Corporation with a Mission Score of 75 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Pittsfield Center Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation, which is a positive sign for resource allocation relative to the organization's size and mission.

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 Pittsfield Center Development Corporation's IRS 990 filings:

Inconsistent revenue and expense patterns prior to 2023, with expenses often exceeding revenue.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting granular efficiency analysis.

Strengths

The following positive indicators were identified for Pittsfield Center Development Corporation:

Significant financial turnaround and strong surplus in the latest reporting period (202312 revenue of $556,615 vs. expenses of $87,746).
Consistent reporting of 0% officer compensation across all available filings, indicating efficient use of funds for leadership.
Healthy asset growth in the most recent period, reaching $558,570.
Low liabilities relative to assets in the latest period ($2,709 liabilities vs. $558,570 assets).

Frequently Asked Questions about Pittsfield Center Development Corporation

What caused the dramatic increase in revenue and assets in the 202312 period?

The provided data does not specify the source of the $556,615 revenue in 202312, which is significantly higher than previous years' revenues (e.g., $113,416 in 202212). Further investigation into the 990 filing would be needed to identify the specific funding streams or extraordinary events.

What are the specific program activities funded by Pittsfield Center Development Corporation?

The NTEE code is unknown, and the provided financial summary does not detail specific program activities. To understand the impact, one would need to review the organization's mission statement and program service accomplishments section of their 990 forms.

Is the recent financial growth sustainable?

While the 202312 period shows strong financial health with a large surplus, it's a significant outlier compared to previous years. Sustained growth would depend on whether the revenue sources from 202312 are recurring or one-time events. A trend of consistent surpluses would indicate sustainability.

Filing History

IRS 990 filing history for Pittsfield Center Development Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Pittsfield Center Development Corporation's revenue has grown by 512.3%, moving from $91K to $557K. Total assets increased by 74.4% over the same period, from $320K to $559K. Total functional expenses fell by 30.2%, from $126K to $88K. In its most recent filing year (2023), Pittsfield Center Development Corporation reported a surplus of $469K, with revenue exceeding expenses. The organization holds $3K in liabilities against $559K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $556K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$557K	$88K	$559K	$3K	—	—
2022	$113K	$181K	$128K	$41K	—	View 990
2021	$124K	$141K	$164K	$9K	—	View 990
2020	$103K	$135K	$182K	$11K	—	View 990
2019	$126K	$123K	$211K	$9K	—	View 990
2018	$97K	$102K	$209K	$9K	—	View 990
2017	$103K	$115K	$213K	$8K	—	View 990
2016	$106K	$107K	$225K	$8K	—	View 990
2015	$83K	$97K	$234K	$15K	—	View 990
2014	$99K	$131K	$258K	$26K	—	View 990
2013	$98K	$131K	$280K	$16K	—	View 990
2012	$102K	$116K	$308K	$11K	—	View 990
2011	$91K	$126K	$320K	$8K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $557K, expenses of $88K, and assets of $559K (revenue +390.8% year-over-year).
2022: Revenue of $113K, expenses of $181K, and assets of $128K (revenue -8.7% year-over-year).
2021: Revenue of $124K, expenses of $141K, and assets of $164K (revenue +20.6% year-over-year).
2020: Revenue of $103K, expenses of $135K, and assets of $182K (revenue -18.1% year-over-year).
2019: Revenue of $126K, expenses of $123K, and assets of $211K (revenue +30.3% year-over-year).
2018: Revenue of $97K, expenses of $102K, and assets of $209K (revenue -6.0% year-over-year).
2017: Revenue of $103K, expenses of $115K, and assets of $213K (revenue -3.3% year-over-year).
2016: Revenue of $106K, expenses of $107K, and assets of $225K (revenue +27.8% year-over-year).
2015: Revenue of $83K, expenses of $97K, and assets of $234K (revenue -16.4% year-over-year).
2014: Revenue of $99K, expenses of $131K, and assets of $258K (revenue +1.0% year-over-year).
2013: Revenue of $98K, expenses of $131K, and assets of $280K (revenue -3.3% year-over-year).
2012: Revenue of $102K, expenses of $116K, and assets of $308K (revenue +11.9% year-over-year).
2011: Revenue of $91K, expenses of $126K, and assets of $320K.

Data Sources and Methodology

This transparency report for Pittsfield Center 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.