Is Good Neighbors Inc Legit?

Good Neighbors Inc demonstrates a generally stable financial trajectory, with recent filings showing consistent revenue growth, culminating in a latest reported revenue of $2,020,558. However, the organization experienced a deficit in its most recent reported period (202312), with expenses of $1,147,827 exceeding revenue of $1,109,414. This follows a trend in 202212 where expenses also slightly outpaced revenue. Despite these recent deficits, the organization's assets have shown significant growth, from $260,654 in 2014 to $1,168,483 currently, indicating a healthy accumulation of resources over time. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust. The organization's financial health appears to be robust, supported by a decade of increasing revenue and asset accumulation. While the recent operational deficits warrant monitoring, they do not immediately signal severe financial distress given the overall asset base. The absence of officer compensation is a significant positive indicator of spending efficiency and a focus on program delivery. The NTEE code P20 (Housing, Shelter) suggests a direct service mission, and the financial data, particularly the lack of executive compensation, implies that a substantial portion of funds is likely allocated to these programs. The consistent filing of IRS 990s over 13 periods also reflects a commitment to transparency.