Springfield Business Development Corporation
Nonprofit profile at a glance
- EIN
- 046051018
- IRS 990-EZ coverage
- 2009–2009
- Forms available
- Form 990-EZ 2009
- Location
- Springfield, MA, USA
- Phone
- 4137811591
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Limited
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $140
- Expenses
- $114,366
- Assets
- $6,509
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Amounts in USD.
Leadership & pay
11 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To serve as a catalyst for continued economic growth and revitalization in the city of springfield by initiating, promoting and implementing responsible development that will stimulate job creation, business growth and economic opportunity.
What it reported doing in 2009
To advance the re-development of the state street corridor in springfield, ma
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 1
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -81,590%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.