Premier Community Development Corporation
Premier Community Development Corporation shows improving financial stability with fluctuating revenue and no reported officer compensation.
EIN: 208296546 · Plainfield, NJ · NTEE: L50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $370K |
| Total Expenses | $49K |
| Program Spending | 80% |
| Net Assets | $853K |
| Transparency Score | 75/100 |
Is Premier 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 →
Premier Community Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Premier Community Development Corporation
Premier Community Development Corporation (EIN: 208296546) is a nonprofit organization based in Plainfield, NJ, classified under NTEE code L50. The organization reported total revenue of $370K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Premier Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Premier Community Development Corporation is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $354K |
| Total Expenses | $49K |
| Surplus / Deficit | +$305K |
| Total Assets | $862K |
| Total Liabilities | $9K |
| Net Assets | $853K |
| Operating Margin | 86.1% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 210.6 months |
Financial Health Grade: A
In 2023, Premier Community Development Corporation reported a surplus of $305K with revenue exceeding expenses, holds 210.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Premier Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +845.5% | -11.7% | +54.8% |
| 2021 | -132.4% | -33.7% | -25.9% |
| 2020 | +197.0% | -41.0% | -30.2% |
| 2019 | -32.5% | -42.8% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Premier Community 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Premier Community Development Corporation 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 surplus of $305K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong positive for minimizing administrative costs relative to its 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 Premier Community Development Corporation's IRS 990 filings:
- Inconsistent revenue streams, including a negative revenue year in 202112.
- Significant fluctuations in assets over the past decade, from $1,650,923 in 201712 to $557,184 in 202212.
Strengths
The following positive indicators were identified for Premier Community Development Corporation:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Significant reduction in liabilities from $1,625,387 in 201612 to $9,321 in 202312, improving financial health.
- Strong positive net income in the most recent filing (202312) with revenue of $354,420 against expenses of $49,136.
Frequently Asked Questions about Premier Community Development Corporation
Is Premier Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Premier Community Development Corporation (EIN: 208296546) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Premier Community Development Corporation spend its money?
Premier Community Development Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Premier Community Development Corporation tax-deductible?
Premier Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 208296546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Premier Community Development Corporation's spending goes to programs?
Premier Community Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Premier Community Development Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Premier Community Development Corporation is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Premier Community Development Corporation located?
Premier Community Development Corporation is headquartered in Plainfield, New Jersey and files with the IRS under EIN 208296546. It is classified under NTEE code L50.
How many years of IRS 990 filings does Premier Community Development Corporation have?
Premier Community Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $370K in total revenue.
Is Premier Community Development Corporation financially stable?
While revenue has been inconsistent, the organization's liabilities have significantly decreased from $1,625,387 in 201612 to $9,321 in 202312, and assets have remained over $800,000 in the latest filing, suggesting improved financial stability.
How efficiently does Premier Community Development Corporation use its funds?
With expenses of $49,136 against revenue of $354,420 in 202312, the organization appears to be operating efficiently in terms of managing its costs relative to income. The consistent 0% officer compensation also points to efficient use of funds.
What caused the negative revenue in 202112?
The provided data does not specify the reason for the negative revenue of $-163,859 in 202112. This could be due to asset write-downs, significant returns, or accounting adjustments, and would require further investigation of the full 990 form.
Filing History
IRS 990 filing history for Premier Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Premier Community Development Corporation's revenue has grown by 349.5%, moving from $79K to $354K. Total assets decreased by 46.2% over the same period, from $1.6M to $862K. Total functional expenses fell by 71.2%, from $171K to $49K. In its most recent filing year (2023), Premier Community Development Corporation reported a surplus of $305K, with revenue exceeding expenses. The organization holds $9K in liabilities against $862K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $853K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $354K | $49K | $862K | $9K | — | — |
| 2022 | $37K | $56K | $557K | $9K | — | View 990 |
| 2021 | $-163,859 | $65K | $806K | $214K | — | View 990 |
| 2020 | $506K | $98K | $1.1M | $266K | — | — |
| 2019 | $170K | $166K | $1.6M | $1.1M | — | View 990 |
| 2018 | $252K | $290K | $1.6M | $1.2M | — | View 990 |
| 2017 | $639K | $204K | $1.7M | $1.2M | — | View 990 |
| 2016 | $386K | $230K | $1.6M | $1.6M | — | View 990 |
| 2015 | $136K | $223K | $1.2M | $1.4M | — | View 990 |
| 2014 | $116K | $279K | $1.4M | $1.4M | — | View 990 |
| 2013 | $254K | $184K | $1.6M | $1.5M | — | View 990 |
| 2012 | $125K | $164K | $1.6M | $1.6M | — | View 990 |
| 2011 | $79K | $171K | $1.6M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $354K, expenses of $49K, and assets of $862K (revenue +845.5% year-over-year).
- 2022: Revenue of $37K, expenses of $56K, and assets of $557K.
- 2021: Revenue of $-163,859, expenses of $65K, and assets of $806K (revenue -132.4% year-over-year).
- 2020: Revenue of $506K, expenses of $98K, and assets of $1.1M (revenue +197.0% year-over-year).
- 2019: Revenue of $170K, expenses of $166K, and assets of $1.6M (revenue -32.5% year-over-year).
- 2018: Revenue of $252K, expenses of $290K, and assets of $1.6M (revenue -60.6% year-over-year).
- 2017: Revenue of $639K, expenses of $204K, and assets of $1.7M (revenue +65.5% year-over-year).
- 2016: Revenue of $386K, expenses of $230K, and assets of $1.6M (revenue +184.6% year-over-year).
- 2015: Revenue of $136K, expenses of $223K, and assets of $1.2M (revenue +17.4% year-over-year).
- 2014: Revenue of $116K, expenses of $279K, and assets of $1.4M (revenue -54.4% year-over-year).
- 2013: Revenue of $254K, expenses of $184K, and assets of $1.6M (revenue +103.1% year-over-year).
- 2012: Revenue of $125K, expenses of $164K, and assets of $1.6M (revenue +58.5% year-over-year).
- 2011: Revenue of $79K, expenses of $171K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Premier Community Development Corporation:
Data Sources and Methodology
This transparency report for Premier 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.