AI Transparency Report
Grand Street Guild East Housing Development Fund Company Inc demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating operational stability. For example, in the 202406 period, revenue was $10,361,274 against expenses of $10,297,588. The organization's assets have remained substantial, though liabilities consistently outweigh assets, suggesting a reliance on debt financing, which is common for housing development funds. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and spending efficiency, as it indicates that no executive salaries are drawn from the organization's funds. This practice contributes positively to its financial health by minimizing administrative overhead related to executive pay.
The organization's NTEE code L99 (Housing, Shelter, & Homeless Services, specifically 'All Other Housing & Shelter') aligns with its name, suggesting a clear program focus. While specific program spending percentages are not directly available from the provided data, the absence of officer compensation implies a higher proportion of funds could be directed towards its mission. The consistent filing of IRS Form 990s over 14 periods reflects a commitment to regulatory compliance and transparency.