Ser Development I Inc
501(c)(2)
Only null% goes to programs Thin reserves
Ser Development I Inc is a 501(c)(2) organization based in Raleigh, North Carolina, registered in 2018, with $881,175 in FY2023 revenue. CharityIndex grades it F.
801 Corporate Center Dr Ste 200, Raleigh, NC, 27607 EIN 82-4464493 Since 2018
Revenue (FY2023)
$881K
▲ 0.0% vs prior year
Expenses (FY2023)
$1.8M
Net assets
-$1.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ser Development I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -100% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ser Development I Inc: 0 mo reserves · -100% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ser Development I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ser Development I Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 801 Corporate Center Dr Ste 200, Raleigh, NC, 27607
- City
- Raleigh
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $222K (FY2018) to $881K (FY2023) across 6 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $21.3MNet assets -$1.8M
Operating margin
-99.7%
Spent more than it raised in the latest fiscal year.
Total assets
$19.5M
Total liabilities
$21.3M
Net assets
-$1.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $881,175 | $1,759,791▲0.2% | -$1,813,971▼93.9% | $19,469,118▼3.6% | 990 |
| 2022 | $881,175 | $1,755,752▼6.7% | -$935,355▼1439% | $20,188,385▼3.6% | 990 |
| 2021 | $881,175▼6.1% | $1,882,042▼6.2% | -$60,778▼106% | $20,932,104▼4.0% | 990 |
| 2020 | $938,478▼2.3% | $2,007,046▲75.9% | $940,089▼53.2% | $21,797,369▼4.2% | 990 |
| 2019 | $960,948▲332% | $1,140,805▲374% | $2,008,657▼8.2% | $22,747,158▼4.4% | 990 |
| 2018 | $222,366 | $240,715 | $2,188,514 | $23,782,881 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $2.3M total
2 grants to Ser Development I Inc totaling $2.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Young Mens Christian Association of the Triangle Area I | Provide cash to ser development, an entity formed solely for the purpose of a new market tax credit arrangement | 2018 | $5,000 |
| The Young Mens Christian Association of the Triangle Area I | Provide cash and ground lease to ser development, an entity formed solely for the purpose of an new market tax credit arrangement | 2017 | $2,273,888 |
Frequently asked questions
- Is Ser Development I Inc a legitimate nonprofit?
- Yes. Ser Development I Inc is a 501(c)(2) organization registered with the U.S. Internal Revenue Service under EIN 82-4464493, based in Raleigh, North Carolina.
- What is Ser Development I Inc's EIN?
- Ser Development I Inc's Employer Identification Number (EIN) is 82-4464493.
- How much revenue does Ser Development I Inc report?
- Ser Development I Inc reported $881,175 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Ser Development I Inc have?
- CharityIndex grades Ser Development I Inc F, based on financial health (reserves and operating margin).
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Data for Ser Development I Inc (EIN 82-4464493) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.