Target Area Development Corporation
EIN: 364024688 · Chicago, IL · NTEE: I21
Is Target Area 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 Target Area Development Corporation
Target Area Development Corporation (EIN: 364024688) is a nonprofit organization based in Chicago, IL, classified under NTEE code I21. The organization reported total revenue of $10.0M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Target Area Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Target Area Development Corporation is a mid-size nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $7.3M |
| Surplus / Deficit | $-365,309 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -5.3% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2022, Target Area Development Corporation reported a deficit of $365K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), Target Area Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -9.6% | -0.2% | +0.0% |
| 2021 | +7.3% | +6.1% | -33.8% |
| 2020 | +70.5% | +64.3% | +23.5% |
| 2019 | +4.4% | +22.0% | +8.0% |
| 2018 | +91.3% | +45.0% | +83.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Target Area 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 Target Area 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $365K, with expenses exceeding revenue.
Frequently Asked Questions about Target Area Development Corporation
Is Target Area Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Target Area Development Corporation (EIN: 364024688) insufficient data. 0 red flags identified, 0 strengths noted.
How does Target Area Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Target Area Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Target Area Development Corporation tax-deductible?
Target Area Development Corporation is registered as a tax-exempt nonprofit (EIN: 364024688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Target Area Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Target Area Development Corporation's revenue has grown by 276.1%, moving from $1.8M to $6.9M. Total assets increased by 44.8% over the same period, from $757K to $1.1M. Total functional expenses rose by 215.1%, from $2.3M to $7.3M. In its most recent filing year (2022), Target Area Development Corporation reported a deficit of $365K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $6.9M | $7.3M | $1.1M | $0 | — | — |
| 2021 | $7.6M | $7.3M | $1.1M | $0 | — | — |
| 2020 | $7.1M | $6.9M | $1.7M | $403K | — | View 990 |
| 2019 | $4.2M | $4.2M | $1.3M | $342K | — | — |
| 2018 | $4.0M | $3.4M | $1.2M | $364K | — | View 990 |
| 2017 | $2.1M | $2.4M | $677K | $377K | — | — |
| 2016 | $2.3M | $1.8M | $838K | $266K | — | View 990 |
| 2015 | $2.1M | $2.4M | $220K | $134K | — | View 990 |
| 2014 | $2.4M | $2.0M | $539K | $73K | — | View 990 |
| 2013 | $1.7M | $1.6M | $217K | $96K | — | View 990 |
| 2012 | $1.4M | $2.1M | $217K | $163K | — | View 990 |
| 2011 | $1.8M | $2.3M | $757K | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $6.9M, expenses of $7.3M, and assets of $1.1M (revenue -9.6% year-over-year).
- 2021: Revenue of $7.6M, expenses of $7.3M, and assets of $1.1M (revenue +7.3% year-over-year).
- 2020: Revenue of $7.1M, expenses of $6.9M, and assets of $1.7M (revenue +70.5% year-over-year).
- 2019: Revenue of $4.2M, expenses of $4.2M, and assets of $1.3M (revenue +4.4% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.4M, and assets of $1.2M (revenue +91.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.4M, and assets of $677K (revenue -10.9% year-over-year).
- 2016: Revenue of $2.3M, expenses of $1.8M, and assets of $838K (revenue +14.0% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.4M, and assets of $220K (revenue -13.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.0M, and assets of $539K (revenue +41.1% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $217K (revenue +17.4% year-over-year).
- 2012: Revenue of $1.4M, expenses of $2.1M, and assets of $217K (revenue -21.4% year-over-year).
- 2011: Revenue of $1.8M, expenses of $2.3M, and assets of $757K.
Data Sources and Methodology
This transparency report for Target Area 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.