Tenth Memorial Nonprofit Development Corporation
Tenth Memorial Nonprofit Development Corporation: Declining Assets and High Administrative Costs Raise Concerns
EIN: 222538855 · Philadelphia, PA · NTEE: L210 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1,074,370. |
| Net Assets | $-2,728,612 |
| Transparency Score | 65/100 |
Is Tenth Memorial Nonprofit Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tenth Memorial Nonprofit Development Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Tenth Memorial Nonprofit Development Corporation
Tenth Memorial Nonprofit Development Corporation (EIN: 222538855) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code L210. The organization reported total revenue of $1.1M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tenth Memorial Nonprofit Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tenth Memorial Nonprofit Development Corporation is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$26K |
| Total Assets | $1.5M |
| Total Liabilities | $4.2M |
| Net Assets | $-2,728,612 |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 281.3% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2023, Tenth Memorial Nonprofit Development Corporation reported a surplus of $26K with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 281.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tenth Memorial Nonprofit Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +6.0% | -2.9% |
| 2022 | +2.5% | +3.7% | -5.8% |
| 2021 | +0.5% | +0.4% | +2.3% |
| 2020 | +2.3% | -11.6% | -2.3% |
| 2019 | +1.9% | +1.7% | -8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Tenth Memorial Nonprofit Development Corporation with a Mission Score of 65 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Tenth Memorial Nonprofit Development Corporation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 281.3%.
Executive Compensation Analysis
Executive compensation for the highest paid individual in 2023 was not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness against the organization's revenue of $1,074,370.
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 Tenth Memorial Nonprofit Development Corporation's IRS 990 filings:
- Total assets have consistently declined from $2,133,165 in 2016 to $1,458,015 in 2023, indicating potential long-term financial instability.
- The organization consistently spends a significant portion of its budget on administrative and fundraising activities, with combined expenses often exceeding 30% of total expenses.
- Liabilities have remained high and relatively stable over the years, suggesting ongoing financial obligations that are not being significantly reduced.
Strengths
The following positive indicators were identified for Tenth Memorial Nonprofit Development Corporation:
- Consistent revenue generation over the past several years, with 2023 revenue at $1,074,370.
- The organization has maintained a positive net income in most recent years, indicating operational solvency.
- Long operational history (implied by data going back to 2016) suggests established community presence.
Frequently Asked Questions about Tenth Memorial Nonprofit Development Corporation
Is Tenth Memorial Nonprofit Development Corporation a legitimate charity?
Tenth Memorial Nonprofit Development Corporation (EIN: 222538855) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Tenth Memorial Nonprofit Development Corporation spend its money?
Tenth Memorial Nonprofit Development Corporation directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Tenth Memorial Nonprofit Development Corporation tax-deductible?
Tenth Memorial Nonprofit Development Corporation is registered as a tax-exempt nonprofit (EIN: 222538855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tenth Memorial Nonprofit Development Corporation CEO make?
Tenth Memorial Nonprofit Development Corporation's highest-compensated officer earns $1,074,370. annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tenth Memorial Nonprofit Development Corporation's spending goes to programs?
Tenth Memorial Nonprofit Development Corporation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Tenth Memorial Nonprofit Development Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Tenth Memorial Nonprofit Development Corporation is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tenth Memorial Nonprofit Development Corporation located?
Tenth Memorial Nonprofit Development Corporation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222538855. It is classified under NTEE code L210.
How many years of IRS 990 filings does Tenth Memorial Nonprofit Development Corporation have?
Tenth Memorial Nonprofit 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 $1.1M in total revenue.
What does Tenth Memorial Nonprofit Development Corporation do?
Tenth Memorial Nonprofit Development Corporation is a nonprofit organization in the Housing & Shelter sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code L210.
How much revenue does Tenth Memorial Nonprofit Development Corporation have?
Tenth Memorial Nonprofit Development Corporation reported total revenue of $1,074,370. Based on 13 IRS 990 filings on record.
What are Tenth Memorial Nonprofit Development Corporation's total assets?
Tenth Memorial Nonprofit Development Corporation holds total assets of $1,458,015 as reported in IRS 990 filings.
Where is Tenth Memorial Nonprofit Development Corporation located?
Tenth Memorial Nonprofit Development Corporation is based in Philadelphia, Pennsylvania.
What is Tenth Memorial Nonprofit Development Corporation's EIN?
Tenth Memorial Nonprofit Development Corporation's Employer Identification Number (EIN) is 222538855. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Tenth Memorial Nonprofit Development Corporation?
Tenth Memorial Nonprofit Development Corporation is classified under NTEE code L210 (Housing & Shelter).
Is Tenth Memorial Nonprofit Development Corporation a registered 501(c)(3)?
Yes, Tenth Memorial Nonprofit Development Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222538855.
Does Tenth Memorial Nonprofit Development Corporation file IRS Form 990?
Yes, Tenth Memorial Nonprofit Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Tenth Memorial Nonprofit Development Corporation's revenue in 2023?
In the 202312 filing period, Tenth Memorial Nonprofit Development Corporation reported total revenue of $1,034,456, total expenses of $1,008,775, and net assets of $1,505,392.
Is Tenth Memorial Nonprofit Development Corporation's revenue growing or declining?
Tenth Memorial Nonprofit Development Corporation's revenue is relatively stable. Revenue went from $988,978 (202212) to $1,034,456 (202312), a +4.6% change. Based on 13 filings on record.
What is Tenth Memorial Nonprofit Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Tenth Memorial Nonprofit Development Corporation covers tax period 202312. It shows revenue of $1,034,456, expenses of $1,008,775, total assets of $1,505,392, and liabilities of $4,234,004.
How much does Tenth Memorial Nonprofit Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, Tenth Memorial Nonprofit Development Corporation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Tenth Memorial Nonprofit Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Tenth Memorial Nonprofit Development Corporation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Tenth Memorial Nonprofit Development Corporation?
The following concerns were identified: Total assets have consistently declined from $2,133,165 in 2016 to $1,458,015 in 2023, indicating potential long-term financial instability.. The organization consistently spends a significant portion of its budget on administrative and fundraising activities, with combined expenses often exceeding 30% of total expenses.. Liabilities have remained high and relatively stable over the years, suggesting ongoing financial obligations that are not being significantly reduced.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Tenth Memorial Nonprofit Development Corporation's strengths?
Positive indicators for Tenth Memorial Nonprofit Development Corporation include: Consistent revenue generation over the past several years, with 2023 revenue at $1,074,370.. The organization has maintained a positive net income in most recent years, indicating operational solvency.. Long operational history (implied by data going back to 2016) suggests established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Tenth Memorial Nonprofit Development Corporation compensate executives?
Executive compensation for the highest paid individual in 2023 was not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness against the organization's revenue of $1,074,370. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent decline in total assets, and what strategies are in place to reverse this trend?
The data shows a steady decrease in assets from $2,133,165 in 2016 to $1,458,015 in 2023. Without further context on asset utilization or investment strategies, it's unclear if this is due to depreciation, asset sales, or underinvestment.
Given the consistent revenue, why have liabilities remained largely unchanged, and what is the plan for liability reduction?
Liabilities have hovered around $4.2M-$4.7M over the past eight years. Despite consistent revenue, there's no clear indication of significant liability reduction, which could impact long-term financial health.
Filing History
IRS 990 filing history for Tenth Memorial Nonprofit Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tenth Memorial Nonprofit Development Corporation's revenue has grown by 12.2%, moving from $922K to $1.0M. Total assets decreased by 29.8% over the same period, from $2.1M to $1.5M. Total functional expenses fell by 3.8%, from $1.0M to $1.0M. In its most recent filing year (2023), Tenth Memorial Nonprofit Development Corporation reported a surplus of $26K, with revenue exceeding expenses. The organization holds $4.2M in liabilities against $1.5M in assets (debt-to-asset ratio: 281.3%), resulting in net assets of $-2,728,612.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.0M | $1.5M | $4.2M | — | View 990 |
| 2022 | $989K | $952K | $1.5M | $4.3M | — | — |
| 2021 | $965K | $918K | $1.6M | $4.4M | — | View 990 |
| 2020 | $961K | $914K | $1.6M | $4.4M | — | View 990 |
| 2019 | $939K | $1.0M | $1.6M | $4.5M | — | View 990 |
| 2018 | $921K | $1.0M | $1.8M | $4.6M | — | View 990 |
| 2017 | $916K | $1.0M | $1.9M | $4.6M | — | View 990 |
| 2016 | $897K | $1.0M | $2.1M | $4.7M | — | View 990 |
| 2015 | $899K | $1.0M | $2.3M | $4.8M | — | View 990 |
| 2014 | $906K | $1.3M | $2.5M | $4.8M | — | View 990 |
| 2013 | $918K | $1.1M | $1.7M | $3.7M | — | View 990 |
| 2012 | $890K | $1.0M | $2.0M | $3.7M | — | View 990 |
| 2011 | $922K | $1.0M | $2.1M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.0M, and assets of $1.5M (revenue +4.6% year-over-year).
- 2022: Revenue of $989K, expenses of $952K, and assets of $1.5M (revenue +2.5% year-over-year).
- 2021: Revenue of $965K, expenses of $918K, and assets of $1.6M (revenue +0.5% year-over-year).
- 2020: Revenue of $961K, expenses of $914K, and assets of $1.6M (revenue +2.3% year-over-year).
- 2019: Revenue of $939K, expenses of $1.0M, and assets of $1.6M (revenue +1.9% year-over-year).
- 2018: Revenue of $921K, expenses of $1.0M, and assets of $1.8M (revenue +0.6% year-over-year).
- 2017: Revenue of $916K, expenses of $1.0M, and assets of $1.9M (revenue +2.0% year-over-year).
- 2016: Revenue of $897K, expenses of $1.0M, and assets of $2.1M (revenue -0.2% year-over-year).
- 2015: Revenue of $899K, expenses of $1.0M, and assets of $2.3M (revenue -0.8% year-over-year).
- 2014: Revenue of $906K, expenses of $1.3M, and assets of $2.5M (revenue -1.4% year-over-year).
- 2013: Revenue of $918K, expenses of $1.1M, and assets of $1.7M (revenue +3.2% year-over-year).
- 2012: Revenue of $890K, expenses of $1.0M, and assets of $2.0M (revenue -3.4% year-over-year).
- 2011: Revenue of $922K, expenses of $1.0M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tenth Memorial Nonprofit Development Corporation:
Data Sources and Methodology
This transparency report for Tenth Memorial Nonprofit 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.