Seacliff Village Shopping Center Inc
Seacliff Village Shopping Center Inc. consistently generates substantial revenue and maintains significant assets with no reported officer compensation.
EIN: 141847788 · Charlotte, NC · Updated: 2026-03-28
Is Seacliff Village Shopping Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seacliff Village Shopping Center Inc
Seacliff Village Shopping Center Inc (EIN: 141847788) is a nonprofit organization based in Charlotte, NC. The organization reported total revenue of $9.8M and total assets of $135.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seacliff Village Shopping Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seacliff Village Shopping Center Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.6M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$4.5M |
| Total Assets | $138.3M |
| Total Liabilities | $81.3M |
| Net Assets | $57.0M |
| Operating Margin | 47.1% |
| Debt-to-Asset Ratio | 58.8% |
| Months of Reserves | 325.8 months |
Financial Health Grade: A
In 2023, Seacliff Village Shopping Center Inc reported a surplus of $4.5M with revenue exceeding expenses, holds 325.8 months of operating reserves (strong position), has a debt-to-asset ratio of 58.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seacliff Village Shopping Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | +4.8% | -6.1% |
| 2022 | +11.6% | +10.1% | -2.5% |
| 2021 | -2.0% | +5.9% | +1.9% |
| 2020 | -0.9% | -0.4% | +0.5% |
| 2019 | +3.2% | +2.7% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Seacliff Village Shopping Center Inc with a Mission Score of 30 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Seacliff Village Shopping Center Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity managing over $135 million in assets and generating nearly $10 million in annual revenue. This suggests either a fully volunteer executive leadership or that executive compensation is structured and reported under different expense categories, or paid by a related entity, which impacts transparency.
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 Seacliff Village Shopping Center Inc's IRS 990 filings:
- Lack of clear program spending details, making it difficult to assess charitable impact.
- Consistent 0% officer compensation for an organization with significant assets and revenue, raising questions about executive compensation transparency.
- NTEE code is unknown, which hinders understanding of its charitable sector and purpose.
- Significant increase in liabilities from $54M in 2020 to over $81M in 2023 without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Seacliff Village Shopping Center Inc:
- Consistent generation of substantial revenue, indicating financial stability.
- Maintains a very strong asset base, exceeding $135 million, suggesting long-term financial capacity.
- Consistent filing of IRS 990 forms, indicating compliance with reporting requirements.
Frequently Asked Questions about Seacliff Village Shopping Center Inc
Is Seacliff Village Shopping Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seacliff Village Shopping Center Inc (EIN: 141847788) significant concerns. Mission Score: 30/100. 4 red flags identified, 3 strengths noted.
How does Seacliff Village Shopping Center Inc spend its money?
Detailed spending breakdown data is not yet available for Seacliff Village Shopping Center Inc. Check back for updated IRS 990 analysis.
Are donations to Seacliff Village Shopping Center Inc tax-deductible?
Seacliff Village Shopping Center Inc is registered as a tax-exempt nonprofit (EIN: 141847788). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific charitable mission of Seacliff Village Shopping Center Inc.?
Based on the name 'Shopping Center Inc.' and the financial data, it appears to be an organization that manages real estate assets. The specific charitable mission is not evident from the provided IRS 990 data, which primarily shows revenue from operations and significant assets, rather than direct program service expenses typical of public charities.
How are the significant assets ($135M+) and revenue ($9M+) utilized for charitable purposes?
The IRS 990 data indicates substantial assets and revenue, but without a detailed breakdown of program service expenses, it's unclear how these resources directly contribute to charitable purposes. The expenses reported are likely operational costs associated with managing the shopping center.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is unusual for an organization of this size. It could indicate a volunteer board, compensation paid by a related entity, or compensation being categorized differently within the expense structure, which warrants further scrutiny for transparency.
Filing History
IRS 990 filing history for Seacliff Village Shopping Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seacliff Village Shopping Center Inc's revenue has grown by 26.2%, moving from $7.6M to $9.6M. Total assets increased by 44.7% over the same period, from $95.6M to $138.3M. Total functional expenses rose by 158.5%, from $2.0M to $5.1M. In its most recent filing year (2023), Seacliff Village Shopping Center Inc reported a surplus of $4.5M, with revenue exceeding expenses. The organization holds $81.3M in liabilities against $138.3M in assets (debt-to-asset ratio: 58.8%), resulting in net assets of $57.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.6M | $5.1M | $138.3M | $81.3M | — | — |
| 2022 | $9.9M | $4.9M | $147.3M | $81.2M | — | View 990 |
| 2021 | $8.9M | $4.4M | $151.1M | $81.2M | — | View 990 |
| 2020 | $9.1M | $4.2M | $148.3M | $54.0M | — | — |
| 2019 | $9.2M | $4.2M | $147.6M | $54.1M | — | View 990 |
| 2018 | $8.9M | $4.1M | $145.9M | $54.0M | — | View 990 |
| 2017 | $8.5M | $4.0M | $144.6M | $53.9M | — | View 990 |
| 2016 | $7.6M | $3.7M | $137.7M | $53.8M | — | View 990 |
| 2015 | $7.0M | $3.5M | $129.4M | $50.5M | — | View 990 |
| 2014 | $6.8M | $1.8M | $113.9M | $49.9M | — | View 990 |
| 2013 | $6.7M | $1.8M | $107.5M | $630K | — | View 990 |
| 2012 | $7.1M | $1.8M | $98.4M | $418K | — | View 990 |
| 2011 | $7.6M | $2.0M | $95.6M | $436K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.6M, expenses of $5.1M, and assets of $138.3M (revenue -3.1% year-over-year).
- 2022: Revenue of $9.9M, expenses of $4.9M, and assets of $147.3M (revenue +11.6% year-over-year).
- 2021: Revenue of $8.9M, expenses of $4.4M, and assets of $151.1M (revenue -2.0% year-over-year).
- 2020: Revenue of $9.1M, expenses of $4.2M, and assets of $148.3M (revenue -0.9% year-over-year).
- 2019: Revenue of $9.2M, expenses of $4.2M, and assets of $147.6M (revenue +3.2% year-over-year).
- 2018: Revenue of $8.9M, expenses of $4.1M, and assets of $145.9M (revenue +4.7% year-over-year).
- 2017: Revenue of $8.5M, expenses of $4.0M, and assets of $144.6M (revenue +11.4% year-over-year).
- 2016: Revenue of $7.6M, expenses of $3.7M, and assets of $137.7M (revenue +9.1% year-over-year).
- 2015: Revenue of $7.0M, expenses of $3.5M, and assets of $129.4M (revenue +3.2% year-over-year).
- 2014: Revenue of $6.8M, expenses of $1.8M, and assets of $113.9M (revenue +0.5% year-over-year).
- 2013: Revenue of $6.7M, expenses of $1.8M, and assets of $107.5M (revenue -5.8% year-over-year).
- 2012: Revenue of $7.1M, expenses of $1.8M, and assets of $98.4M (revenue -6.3% year-over-year).
- 2011: Revenue of $7.6M, expenses of $2.0M, and assets of $95.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seacliff Village Shopping Center Inc:
Data Sources and Methodology
This transparency report for Seacliff Village Shopping Center Inc 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.