Somersworth Community Development Corporation

Somersworth Community Development Corporation consistently maintains financial stability with volunteer leadership and growing assets.

EIN: 20483387 · Somersworth, NH · NTEE: L20 · Updated: 2026-03-28

$34KRevenue

$929KAssets

92/100Mission Score (Excellent)

L20

About Somersworth Community Development Corporation

Somersworth Community Development Corporation (EIN: 20483387) is a nonprofit organization based in Somersworth, NH, classified under NTEE code L20. The organization reported total revenue of $34K and total assets of $929K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somersworth Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Somersworth Community Development Corporation demonstrates consistent financial stability with a healthy asset base and minimal liabilities. Over the past decade, the organization has shown steady growth in assets, increasing from $668,339 in 2014 to $905,067 in 2023. Revenue has generally outpaced expenses, with the most recent filing (2023) showing revenues of $37,288 against expenses of $10,162, indicating efficient operations and a surplus. The organization's liabilities have remained very low, consistently under $10,000, which is a strong indicator of financial health and responsible management. 

The organization's spending efficiency appears strong, as evidenced by the significant difference between revenue and expenses. With no reported officer compensation across all available filings, it suggests a volunteer-driven leadership, which can contribute to lower administrative costs. This structure likely allows a greater proportion of funds to be directed towards its community development mission. 

Transparency is high given the consistent filing of IRS Form 990s over 13 periods and the clear financial data provided. The absence of officer compensation is a notable point of transparency, indicating that the organization's leadership is not drawing salaries from its modest revenue. This commitment to volunteer leadership enhances public trust and demonstrates a strong dedication to its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Somersworth Community Development Corporation with a Mission Score of 92 out of 100 (Excellent). 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: 90%
fundraising: 0%

According to IRS 990 filings, Somersworth Community Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers and key employees are likely volunteers, which significantly reduces 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 Somersworth Community Development Corporation's IRS 990 filings:

Relatively small operating budget compared to asset base, potentially limiting program scale

Strengths

The following positive indicators were identified for Somersworth Community Development Corporation:

Consistent asset growth over a decade ($668,339 in 2014 to $905,067 in 2023)
Very low liabilities, consistently under $10,000
No reported officer compensation, indicating volunteer leadership and low administrative costs
Revenue consistently exceeds expenses, demonstrating financial stability and surplus generation
Strong program spending ratio due to minimal overhead

Frequently Asked Questions about Somersworth Community Development Corporation

Is Somersworth Community Development Corporation a good charity?

Yes, based on the available financial data, Somersworth Community Development Corporation appears to be a good charity. It demonstrates strong financial health with growing assets, very low liabilities, and expenses consistently well below revenue. The absence of officer compensation suggests a highly efficient, volunteer-led operation, maximizing resources for its mission.

How has the organization's asset base changed over time?

The organization's assets have shown consistent growth, increasing from $668,339 in 2014 to $905,067 in 2023, indicating sound financial management and accumulation of resources.

What is the trend in revenue versus expenses?

For most periods, revenue has significantly exceeded expenses, leading to a surplus. For example, in 2023, revenue was $37,288 while expenses were $10,162, demonstrating efficient operations and financial health.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Somersworth Community Development Corporation's revenue has grown by 260.6%, moving from $10K to $37K. Total assets increased by 32.5% over the same period, from $683K to $905K. Total functional expenses fell by 80.6%, from $52K to $10K. In its most recent filing year (2023), Somersworth Community Development Corporation reported a surplus of $27K, with revenue exceeding expenses. The organization holds $1K in liabilities against $905K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $904K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$37K	$10K	$905K	$1K	—	—
2022	$31K	$11K	$878K	$2K	—	View 990
2021	$30K	$10K	$857K	$1K	—	—
2020	$31K	$9K	$836K	$850	—	View 990
2019	$36K	$9K	$816K	$2K	—	View 990
2018	$33K	$9K	$797K	$9K	—	View 990
2017	$24K	$7K	$764K	$64	—	View 990
2016	$31K	$-31,100	$747K	$669	—	View 990
2015	$25K	$13K	$689K	$5K	—	View 990
2014	$15K	$22K	$668K	$2K	—	View 990
2013	$17K	$13K	$672K	$0	—	View 990
2012	$26K	$36K	$674K	$6K	—	View 990
2011	$10K	$52K	$683K	$6K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $37K, expenses of $10K, and assets of $905K (revenue +20.2% year-over-year).
2022: Revenue of $31K, expenses of $11K, and assets of $878K (revenue +2.6% year-over-year).
2021: Revenue of $30K, expenses of $10K, and assets of $857K (revenue -0.9% year-over-year).
2020: Revenue of $31K, expenses of $9K, and assets of $836K (revenue -14.7% year-over-year).
2019: Revenue of $36K, expenses of $9K, and assets of $816K (revenue +8.0% year-over-year).
2018: Revenue of $33K, expenses of $9K, and assets of $797K (revenue +36.3% year-over-year).
2017: Revenue of $24K, expenses of $7K, and assets of $764K (revenue -22.4% year-over-year).
2016: Revenue of $31K, expenses of $-31,100, and assets of $747K (revenue +26.6% year-over-year).
2015: Revenue of $25K, expenses of $13K, and assets of $689K (revenue +61.2% year-over-year).
2014: Revenue of $15K, expenses of $22K, and assets of $668K (revenue -7.6% year-over-year).
2013: Revenue of $17K, expenses of $13K, and assets of $672K (revenue -36.9% year-over-year).
2012: Revenue of $26K, expenses of $36K, and assets of $674K (revenue +154.6% year-over-year).
2011: Revenue of $10K, expenses of $52K, and assets of $683K.

Data Sources and Methodology

This transparency report for Somersworth 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.