Southbridge Community Development Corporation
EIN: 510419197 · Wilmington, DE · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $548K |
| Total Expenses | $525K |
| Net Assets | $421K |
Is Southbridge Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southbridge Community Development Corporation
Southbridge Community Development Corporation (EIN: 510419197) is a nonprofit organization based in Wilmington, DE, classified under NTEE code L20. The organization reported total revenue of $548K and total assets of $481K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southbridge Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southbridge Community Development Corporation is a small nonprofit that has been operating for 22 years, with 3 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 40.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $548K |
| Total Expenses | $525K |
| Surplus / Deficit | +$23K |
| Total Assets | $481K |
| Total Liabilities | $60K |
| Net Assets | $421K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 12.5% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2023, Southbridge Community Development Corporation reported a surplus of $23K with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 12.5% (very low leverage).
Financial Trends
Over 3 years of filings (2011–2023), Southbridge Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 40.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.5% | +559.1% | +20.6% |
| 2022 | +4440.2% | +498.4% | +246.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southbridge Community Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southbridge Community Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.5%.
Frequently Asked Questions about Southbridge Community Development Corporation
Is Southbridge Community Development Corporation a legitimate charity?
Southbridge Community Development Corporation (EIN: 510419197) is a registered tax-exempt nonprofit based in Delaware. It has 3 years of IRS 990 filings on record. Total revenue: $548K. No red flags identified. Financial health grade: A.
How does Southbridge Community Development Corporation spend its money?
Southbridge Community Development Corporation reported $548K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southbridge Community Development Corporation tax-deductible?
Southbridge Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 510419197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southbridge Community Development Corporation located?
Southbridge Community Development Corporation is headquartered in Wilmington, Delaware and files with the IRS under EIN 510419197. It is classified under NTEE code L20.
How many years of IRS 990 filings does Southbridge Community Development Corporation have?
Southbridge Community Development Corporation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $548K in total revenue.
Filing History
IRS 990 filing history for Southbridge Community Development Corporation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2023), Southbridge Community Development Corporation's revenue has grown by 6004.7%, moving from $9K to $548K. Total assets increased by 318% over the same period, from $115K to $481K. Total functional expenses rose by 3843.8%, from $13K to $525K. In its most recent filing year (2023), Southbridge Community Development Corporation reported a surplus of $23K, with revenue exceeding expenses. The organization holds $60K in liabilities against $481K in assets (debt-to-asset ratio: 12.5%), resulting in net assets of $421K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $548K | $525K | $481K | $60K | — | — |
| 2022 | $408K | $80K | $399K | $0 | — | View 990 |
| 2011 | $9K | $13K | $115K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $548K, expenses of $525K, and assets of $481K (revenue +34.5% year-over-year).
- 2022: Revenue of $408K, expenses of $80K, and assets of $399K (revenue +4440.2% year-over-year).
- 2011: Revenue of $9K, expenses of $13K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southbridge Community Development Corporation:
Data Sources and Methodology
This transparency report for Southbridge 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.