Is Grand Street Guild East Housing Development Fund Company Inc Legit?
Quick charity verification for Grand Street Guild East Housing Development Fund Company Inc (EIN: 132679032)
Verdict: Grand Street Guild East Housing Development Fund Company Inc appears trustworthy
85/100Mission Score
$14.1MRevenue
$31.3MAssets
2Red Flags
4Strengths
Red Flags
Liabilities consistently exceed assets by a significant margin, indicating a highly leveraged financial structure.
No officer compensation reported, which, while positive for efficiency, is unusual for an organization of this size and might suggest compensation is handled by an affiliated entity or through non-monetary means not disclosed.
Strengths
Consistent operational stability with revenues generally covering expenses (e.g., $10,361,274 revenue vs. $10,297,588 expenses in 202406).
Zero reported officer compensation across all filings, indicating high efficiency in executive overhead.
Long history of IRS 990 filings (14 periods), demonstrating commitment to transparency and compliance.
Clear alignment between organization name and NTEE code (Housing, Shelter, & Homeless Services).
Spending Breakdown
How Grand Street Guild East Housing Development Fund Company Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Grand Street Guild East Housing Development Fund Company Inc
Is Grand Street Guild East Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Street Guild East Housing Development Fund Company Inc (EIN: 132679032) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Grand Street Guild East Housing Development Fund Company Inc a good charity to donate to?
Grand Street Guild East Housing Development Fund Company Inc has a Mission Score of 85/100. Revenue: $14.1M. Assets: $31.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grand Street Guild East Housing Development Fund Company Inc?
The Employer Identification Number (EIN) for Grand Street Guild East Housing Development Fund Company Inc is 132679032. 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 Grand Street Guild East Housing Development Fund Company Inc spend its money?
Grand Street Guild East Housing Development Fund Company Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grand Street Guild East Housing Development Fund Company Inc's tax-exempt status?
You can verify Grand Street Guild East Housing Development Fund Company Inc's tax-exempt status using EIN 132679032 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
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.