Is Greyston Family Inn Of Yonkers Inc Legit?

Greyston Family Inn Of Yonkers Inc. demonstrates a fluctuating financial history, with recent significant growth in revenue. In the latest filing period (201712), the organization reported revenue of $2,187,393 against expenses of $1,847,464, indicating a surplus. This is a positive shift compared to previous years where expenses consistently exceeded revenue, such as in 201612 where expenses were $1,695,013 against $1,316,681 in revenue. The organization's assets have seen a substantial decrease from a high of $2,198,050 in 201112 to $223,291 in 201712, while liabilities have also decreased significantly from $2,078,187 in 201612 to $71,043 in 201712. This suggests a potential restructuring or asset divestment, which warrants further investigation to understand the long-term implications for financial stability. The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent absence of reported officer compensation across all filings suggests a commitment to minimizing overhead in this area. The significant reduction in liabilities in the latest period is a positive indicator of improved financial management. Transparency regarding the reasons for the substantial asset reduction would further enhance public trust.