Is Gerard Place Housing Development Fund Company Inc Legit?
Quick charity verification for Gerard Place Housing Development Fund Company Inc (EIN: 161562738)
Verdict: Gerard Place Housing Development Fund Company Inc appears trustworthy
92/100Mission Score
$2.6MRevenue
$7.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive operating margins in recent years (e.g., $2,070,530 revenue vs. $1,970,985 expenses in 202312).
Zero reported officer compensation across all 14 filings, indicating high efficiency and program focus.
Significant growth in assets from $1,174,755 in 201412 to $6,920,502 in 202312.
Low liabilities relative to assets in recent periods (e.g., $173,989 liabilities vs. $6,920,502 assets in 202312).
Consistent filing of IRS 990 forms over 14 periods, demonstrating strong transparency.
Spending Breakdown
How Gerard Place Housing Development Fund Company Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Gerard Place Housing Development Fund Company Inc
Is Gerard Place Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gerard Place Housing Development Fund Company Inc (EIN: 161562738) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Gerard Place Housing Development Fund Company Inc a good charity to donate to?
Gerard Place Housing Development Fund Company Inc has a Mission Score of 92/100. Revenue: $2.6M. Assets: $7.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gerard Place Housing Development Fund Company Inc?
The Employer Identification Number (EIN) for Gerard Place Housing Development Fund Company Inc is 161562738. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Gerard Place Housing Development Fund Company Inc spend its money?
Gerard Place Housing Development Fund Company Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gerard Place Housing Development Fund Company Inc's tax-exempt status?
You can verify Gerard Place Housing Development Fund Company Inc's tax-exempt status using EIN 161562738 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Gerard Place Housing Development Fund Company Inc demonstrates a generally stable financial position with consistent revenue generation over the past several years. In the latest period (202312), the organization reported revenues of $2,070,530 against expenses of $1,970,985, indicating a positive operating margin. Assets have shown steady growth, reaching $6,920,502 in 202312, up from $1,174,755 in 201412, which suggests effective asset management and reinvestment. The organization's liabilities have remained relatively low in recent years, particularly in 202312 ($173,989) and 202212 ($189,551), indicating a healthy balance sheet.
The organization's spending efficiency appears strong, with a significant portion of expenses likely directed towards program services, given the absence of reported officer compensation across all filings. This suggests a lean administrative structure and a focus on mission delivery. The consistent filing of IRS 990 forms over 14 periods also points to a commitment to transparency, providing a clear historical record of financial activities for public scrutiny. The lack of reported officer compensation is a notable positive indicator for donor confidence.