Synergy Community Development Corporation

Synergy Community Development Corporation reports no officer compensation amidst fluctuating revenues and assets.

EIN: 203145206 · Los Angeles, CA · NTEE: L20 · Updated: 2026-03-28

$2.9MRevenue

$6.6MAssets

85/100Mission Score (Excellent)

L20

About Synergy Community Development Corporation

Synergy Community Development Corporation (EIN: 203145206) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code L20. The organization reported total revenue of $2.9M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Synergy Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Synergy Community Development Corporation demonstrates a fluctuating financial history, with recent filings showing relatively modest revenue and expenses compared to its stated 'Latest Revenue' of $2,946,412, which is not reflected in the provided annual filing data. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator for resource allocation directly to mission-related activities and suggests strong financial transparency regarding executive pay. However, the significant discrepancy between the 'Latest Revenue' figure and the highest annual revenue reported in the filing history ($376,314 in 2023) raises questions about the completeness or recency of the provided filing data or the nature of this 'Latest Revenue' figure. Without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency, but the consistent lack of executive compensation is a strong point. The organization's assets have also varied significantly, from a low of $20,773 in 2012 to $340,077 in 2017, and most recently $40,076 in 2023, indicating an inconsistent financial scale over time.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Synergy Community Development Corporation with a Mission Score of 85 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Synergy Community Development Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received reportable compensation, which is highly favorable for an organization of its size and suggests resources are directed elsewhere.

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 Synergy Community Development Corporation's IRS 990 filings:

Significant discrepancy between 'Latest Revenue' ($2,946,412) and highest reported annual revenue in filings ($376,314 in 2023), indicating potential data inconsistency or missing context.
Highly fluctuating annual revenues and assets over the filing history, suggesting inconsistent operational scale or funding.

Strengths

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

Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to directing funds to mission.
Positive net assets in most recent filings, demonstrating financial solvency.
History of operating for over a decade, indicating organizational longevity.

Frequently Asked Questions about Synergy Community Development Corporation

What is the source of the 'Latest Revenue' figure of $2,946,412, as it is not reflected in the provided annual IRS 990 filing history?

The provided annual IRS 990 filings show a maximum revenue of $376,314 in 2023, significantly lower than the stated 'Latest Revenue' of $2,946,412. This discrepancy requires clarification to understand the organization's true financial scale.

How does Synergy Community Development Corporation manage to operate without reporting any officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based or compensated through other means not reportable as officer compensation on the 990, which is a strong indicator of dedication to mission over personal gain.

What are the primary program activities funded by Synergy Community Development Corporation, given its NTEE code L20 (Housing Development, Construction & Management)?

While the NTEE code indicates a focus on housing development, the specific programs and their impact are not detailed in the provided financial data. Further information would be needed to understand how its expenses translate into program outcomes.

Filing History

IRS 990 filing history for Synergy Community Development Corporation showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2023), Synergy Community Development Corporation's revenue has grown by 56.8%, moving from $240K to $376K. Total assets decreased by 78.5% over the same period, from $186K to $40K. Total functional expenses rose by 658.8%, from $53K to $404K. In its most recent filing year (2023), Synergy Community Development Corporation reported a deficit of $27K, with expenses exceeding revenue. The organization holds $7K in liabilities against $40K in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $33K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$376K	$404K	$40K	$7K	—	—
2022	$132K	$130K	$62K	$2K	—	View 990
2021	$178K	$138K	$117K	$59K	—	View 990
2017	$67K	$19K	$340K	$0	—	View 990
2015	$221K	$92K	$286K	$0	—	View 990
2014	$252K	$109K	$331K	$175K	—	View 990
2013	$77K	$85K	$188K	$175K	—	View 990
2012	$87	$165K	$21K	$0	—	View 990
2011	$240K	$53K	$186K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $376K, expenses of $404K, and assets of $40K (revenue +185.5% year-over-year).
2022: Revenue of $132K, expenses of $130K, and assets of $62K (revenue -26.0% year-over-year).
2021: Revenue of $178K, expenses of $138K, and assets of $117K (revenue +167.6% year-over-year).
2017: Revenue of $67K, expenses of $19K, and assets of $340K (revenue -69.9% year-over-year).
2015: Revenue of $221K, expenses of $92K, and assets of $286K (revenue -12.0% year-over-year).
2014: Revenue of $252K, expenses of $109K, and assets of $331K (revenue +225.7% year-over-year).
2013: Revenue of $77K, expenses of $85K, and assets of $188K (revenue +88670.1% year-over-year).
2012: Revenue of $87, expenses of $165K, and assets of $21K (revenue -100.0% year-over-year).
2011: Revenue of $240K, expenses of $53K, and assets of $186K.

Data Sources and Methodology

This transparency report for Synergy 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.