Woodbridge Neighborhood Development Corporation
EIN: 522419407 · Detroit, MI · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $264K |
| Net Assets | $117K |
Is Woodbridge Neighborhood 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 Woodbridge Neighborhood Development Corporation
Woodbridge Neighborhood Development Corporation (EIN: 522419407) is a nonprofit organization based in Detroit, MI, classified under NTEE code S20. The organization reported total revenue of $314K and total assets of $143K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodbridge Neighborhood Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodbridge Neighborhood Development Corporation is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $271K |
| Total Expenses | $264K |
| Surplus / Deficit | +$7K |
| Total Assets | $124K |
| Total Liabilities | $7K |
| Net Assets | $117K |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2023, Woodbridge Neighborhood Development Corporation reported a surplus of $7K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Woodbridge Neighborhood Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | -21.5% | +4.7% |
| 2022 | +13.0% | +15.3% | -35.3% |
| 2021 | +53.9% | +21.8% | -23.9% |
| 2020 | -65.0% | +12.3% | -36.0% |
| 2019 | +743.2% | +49.2% | +0.1% |
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 Woodbridge Neighborhood 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 Woodbridge Neighborhood 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 $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Frequently Asked Questions about Woodbridge Neighborhood Development Corporation
Is Woodbridge Neighborhood Development Corporation a legitimate charity?
Woodbridge Neighborhood Development Corporation (EIN: 522419407) is a registered tax-exempt nonprofit based in Michigan. It has 14 years of IRS 990 filings on record. Total revenue: $314K. No red flags identified. Financial health grade: A.
How does Woodbridge Neighborhood Development Corporation spend its money?
Woodbridge Neighborhood Development Corporation reported $314K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Woodbridge Neighborhood Development Corporation tax-deductible?
Woodbridge Neighborhood Development Corporation is registered as a tax-exempt nonprofit (EIN: 522419407). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Woodbridge Neighborhood Development Corporation located?
Woodbridge Neighborhood Development Corporation is headquartered in Detroit, Michigan and files with the IRS under EIN 522419407. It is classified under NTEE code S20.
How many years of IRS 990 filings does Woodbridge Neighborhood Development Corporation have?
Woodbridge Neighborhood Development Corporation has 14 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 $314K in total revenue.
Filing History
IRS 990 filing history for Woodbridge Neighborhood Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Woodbridge Neighborhood Development Corporation's revenue has grown by 1737.8%, moving from $15K to $271K. Total assets increased by 194.1% over the same period, from $42K to $124K. Total functional expenses rose by 3726.5%, from $7K to $264K. In its most recent filing year (2023), Woodbridge Neighborhood Development Corporation reported a surplus of $7K, with revenue exceeding expenses. The organization holds $7K in liabilities against $124K in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $271K | $264K | $124K | $7K | — | — |
| 2022 | $270K | $336K | $118K | $8K | — | View 990 |
| 2021 | $239K | $292K | $183K | $6K | — | View 990 |
| 2020 | $155K | $239K | $240K | $10K | — | — |
| 2019 | $443K | $213K | $375K | $61K | — | View 990 |
| 2018 | $53K | $143K | $375K | $291K | — | View 990 |
| 2017 | $211K | $62K | $249K | $75K | — | View 990 |
| 2016 | $25K | $26K | $27K | $1K | — | View 990 |
| 2015 | $0 | $2K | $28K | $1K | — | View 990 |
| 2014 | $4K | $509 | $29K | $290 | — | View 990 |
| 2013 | $421 | $2K | $25K | $0 | — | View 990 |
| 2012 | $19K | $3K | $29K | $2K | — | — |
| 2011 | $11K | $10K | $44K | $3K | — | View 990 |
| 2010 | $15K | $7K | $42K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $271K, expenses of $264K, and assets of $124K (revenue +0.5% year-over-year).
- 2022: Revenue of $270K, expenses of $336K, and assets of $118K (revenue +13.0% year-over-year).
- 2021: Revenue of $239K, expenses of $292K, and assets of $183K (revenue +53.9% year-over-year).
- 2020: Revenue of $155K, expenses of $239K, and assets of $240K (revenue -65.0% year-over-year).
- 2019: Revenue of $443K, expenses of $213K, and assets of $375K (revenue +743.2% year-over-year).
- 2018: Revenue of $53K, expenses of $143K, and assets of $375K (revenue -75.1% year-over-year).
- 2017: Revenue of $211K, expenses of $62K, and assets of $249K (revenue +744.5% year-over-year).
- 2016: Revenue of $25K, expenses of $26K, and assets of $27K.
- 2015: Revenue of $0, expenses of $2K, and assets of $28K (revenue -100.0% year-over-year).
- 2014: Revenue of $4K, expenses of $509, and assets of $29K (revenue +923.5% year-over-year).
- 2013: Revenue of $421, expenses of $2K, and assets of $25K (revenue -97.8% year-over-year).
- 2012: Revenue of $19K, expenses of $3K, and assets of $29K (revenue +81.5% year-over-year).
- 2011: Revenue of $11K, expenses of $10K, and assets of $44K (revenue -28.5% year-over-year).
- 2010: Revenue of $15K, expenses of $7K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodbridge Neighborhood Development Corporation:
Data Sources and Methodology
This transparency report for Woodbridge Neighborhood 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.