St Pauls Community Development Corporation
St. Paul's CDC: Consistent Revenue, High Program Spending, but Declining Assets
EIN: 223075855 · Paterson, NJ · NTEE: S80Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-96,729 |
| Transparency Score | 75/100 |
Is St Pauls 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 →
St Pauls Community Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Pauls Community Development Corporation
St Pauls Community Development Corporation (EIN: 223075855) is a nonprofit organization based in Paterson, NJ, classified under NTEE code S80Z. The organization reported total revenue of $1.4M and total assets of $623K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Pauls Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Pauls Community Development Corporation is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-310,461 |
| Total Assets | $623K |
| Total Liabilities | $720K |
| Net Assets | $-96,729 |
| Operating Margin | -22.8% |
| Debt-to-Asset Ratio | 115.5% |
| Months of Reserves | 4.5 months |
Financial Health Grade: C
In 2023, St Pauls Community Development Corporation reported a deficit of $310K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 115.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Pauls Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | +18.8% | -18.7% |
| 2022 | -15.5% | -3.8% | +3.0% |
| 2021 | -23.9% | -14.7% | -15.5% |
| 2020 | +4.5% | -13.2% | +2.9% |
| 2019 | +2.1% | +7.1% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 St Pauls 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, St Pauls Community 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $310K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.5%.
Executive Compensation Analysis
The filings indicate $0 in compensation for officers, directors, trustees, and key employees, which is highly atypical and warrants further investigation into how leadership is compensated or if these roles are entirely volunteer-based.
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 St Pauls Community Development Corporation's IRS 990 filings:
- Consistent reporting of $0 compensation for all key personnel across multiple years raises questions about the accuracy of filings or the sustainability of leadership.
- Total assets have declined from $881,326 in 2020 to $622,941 in 2023, a decrease of over 29%, which could indicate financial strain or significant asset utilization.
- The organization consistently spends more than its revenue (e.g., $1,671,588 expenses vs. $1,361,127 revenue in 2023), leading to a reduction in net assets.
Strengths
The following positive indicators were identified for St Pauls Community Development Corporation:
- St. Paul's Community Development Corporation demonstrates a strong commitment to its mission with a high percentage of spending allocated to programs (estimated 85%).
- The organization has maintained a relatively stable revenue stream, averaging over $1.6 million annually over the past eight years, indicating consistent donor support or grant funding.
- Despite operating deficits, the organization has managed to sustain its operations for many years, suggesting effective resource management in other areas.
Frequently Asked Questions about St Pauls Community Development Corporation
Is St Pauls Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, St Pauls Community Development Corporation (EIN: 223075855) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does St Pauls Community Development Corporation spend its money?
St Pauls Community Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Pauls Community Development Corporation tax-deductible?
St Pauls Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 223075855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Pauls Community Development Corporation CEO make?
St Pauls Community Development Corporation's highest-compensated officer earns $0 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of St Pauls Community Development Corporation's spending goes to programs?
St Pauls Community Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Pauls Community Development Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), St Pauls Community Development Corporation is above average for NTEE category S80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Pauls Community Development Corporation located?
St Pauls Community Development Corporation is headquartered in Paterson, New Jersey and files with the IRS under EIN 223075855. It is classified under NTEE code S80Z.
How many years of IRS 990 filings does St Pauls Community Development Corporation have?
St Pauls 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 $1.4M in total revenue.
What does St Pauls Community Development Corporation do?
St Pauls Community Development Corporation is a nonprofit organization in the Community Improvement sector, located in Paterson, New Jersey. It is classified under NTEE code S80Z.
How much revenue does St Pauls Community Development Corporation have?
St Pauls Community Development Corporation reported total revenue of $1,361,127. Based on 13 IRS 990 filings on record.
What are St Pauls Community Development Corporation's total assets?
St Pauls Community Development Corporation holds total assets of $622,941 as reported in IRS 990 filings.
Where is St Pauls Community Development Corporation located?
St Pauls Community Development Corporation is based in Paterson, New Jersey.
What is St Pauls Community Development Corporation's EIN?
St Pauls Community Development Corporation's Employer Identification Number (EIN) is 223075855. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is St Pauls Community Development Corporation?
St Pauls Community Development Corporation is classified under NTEE code S80Z (Community Improvement).
Is St Pauls Community Development Corporation a registered 501(c)(3)?
Yes, St Pauls Community Development Corporation is recognized as a tax-exempt organization by the IRS. EIN: 223075855.
Does St Pauls Community Development Corporation file IRS Form 990?
Yes, St Pauls Community Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was St Pauls Community Development Corporation's revenue in 2023?
In the 202312 filing period, St Pauls Community Development Corporation reported total revenue of $1,361,127, total expenses of $1,671,588, and net assets of $622,941.
Is St Pauls Community Development Corporation's revenue growing or declining?
St Pauls Community Development Corporation's revenue is growing. Revenue went from $1,265,597 (202212) to $1,361,127 (202312), a +7.5% change. Based on 13 filings on record.
What is St Pauls Community Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for St Pauls Community Development Corporation covers tax period 202312. It shows revenue of $1,361,127, expenses of $1,671,588, total assets of $622,941, and liabilities of $719,670.
How much does St Pauls Community Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, St Pauls Community Development Corporation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is St Pauls Community Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, St Pauls Community Development Corporation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for St Pauls Community Development Corporation?
The following concerns were identified: Consistent reporting of $0 compensation for all key personnel across multiple years raises questions about the accuracy of filings or the sustainability of leadership.. Total assets have declined from $881,326 in 2020 to $622,941 in 2023, a decrease of over 29%, which could indicate financial strain or significant asset utilization.. The organization consistently spends more than its revenue (e.g., $1,671,588 expenses vs. $1,361,127 revenue in 2023), leading to a reduction in net assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are St Pauls Community Development Corporation's strengths?
Positive indicators for St Pauls Community Development Corporation include: St. Paul's Community Development Corporation demonstrates a strong commitment to its mission with a high percentage of spending allocated to programs (estimated 85%).. The organization has maintained a relatively stable revenue stream, averaging over $1.6 million annually over the past eight years, indicating consistent donor support or grant funding.. Despite operating deficits, the organization has managed to sustain its operations for many years, suggesting effective resource management in other areas.. These findings are derived from AI analysis of the organization's financial filings.
How does St Pauls Community Development Corporation compensate executives?
The filings indicate $0 in compensation for officers, directors, trustees, and key employees, which is highly atypical and warrants further investigation into how leadership is compensated or if these roles are entirely volunteer-based. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 executive compensation, how does St. Paul's CDC attract and retain qualified leadership, and what is the long-term sustainability plan for this model?
The consistent $0 compensation for key personnel suggests either an entirely volunteer-led executive team or an alternative compensation structure not captured in the standard filings. This model, while potentially maximizing program spending, could pose challenges for long-term leadership retention and professional development, requiring a robust succession plan or a re-evaluation of compensation practices to ensure sustainability.
What specific factors contributed to the significant decline in total assets from $881,326 in 2020 to $622,941 in 2023, and what measures are being taken to rebuild the organization's financial reserves?
The decline in assets, coupled with expenses consistently exceeding revenue, indicates that the organization has been drawing down its reserves to cover operational costs. Without further detail, it's unclear if this is due to specific capital expenditures, increased program demands, or a sustained operational deficit. Rebuilding reserves would likely require a strategic focus on increasing revenue, reducing administrative overhead, or securing specific funding for asset growth.
Filing History
IRS 990 filing history for St Pauls Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Pauls Community Development Corporation's revenue has declined by 41.6%, moving from $2.3M to $1.4M. Total assets decreased by 37.3% over the same period, from $994K to $623K. Total functional expenses fell by 26%, from $2.3M to $1.7M. In its most recent filing year (2023), St Pauls Community Development Corporation reported a deficit of $310K, with expenses exceeding revenue. The organization holds $720K in liabilities against $623K in assets (debt-to-asset ratio: 115.5%), resulting in net assets of $-96,729.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.7M | $623K | $720K | — | — |
| 2022 | $1.3M | $1.4M | $766K | $553K | — | View 990 |
| 2021 | $1.5M | $1.5M | $744K | $390K | — | View 990 |
| 2020 | $2.0M | $1.7M | $881K | $563K | — | — |
| 2019 | $1.9M | $2.0M | $857K | $794K | — | View 990 |
| 2018 | $1.8M | $1.8M | $808K | $657K | — | View 990 |
| 2017 | $1.9M | $1.9M | $726K | $577K | — | View 990 |
| 2016 | $1.9M | $1.9M | $806K | $677K | — | View 990 |
| 2015 | $2.0M | $2.1M | $841K | $733K | — | View 990 |
| 2014 | $2.1M | $2.2M | $822K | $636K | — | View 990 |
| 2013 | $2.3M | $2.2M | $864K | $662K | — | View 990 |
| 2012 | $2.2M | $2.2M | $953K | $817K | — | View 990 |
| 2011 | $2.3M | $2.3M | $994K | $823K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.7M, and assets of $623K (revenue +7.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $766K (revenue -15.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $744K (revenue -23.9% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.7M, and assets of $881K (revenue +4.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $857K (revenue +2.1% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $808K (revenue -1.7% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $726K (revenue -1.8% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $806K (revenue -6.0% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.1M, and assets of $841K (revenue -5.3% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.2M, and assets of $822K (revenue -5.4% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.2M, and assets of $864K (revenue +2.5% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $953K (revenue -5.0% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.3M, and assets of $994K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Pauls Community Development Corporation:
Data Sources and Methodology
This transparency report for St Pauls 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.