Is New York State United Teachers Building Corp Legit?

The New York State United Teachers Building Corp (NYSUTBC) demonstrates consistent financial stability with assets consistently around $39 million over the past decade, peaking at $40,523,886 in the latest available data. The organization's revenue and expenses have remained relatively stable, hovering around $5 million annually. In the 202308 period, expenses slightly exceeded revenue ($5,122,669 vs. $4,921,138), indicating a minor operating deficit, a trend also observed in 202208 and 201508. However, these deficits are minor relative to their substantial asset base, suggesting strong financial resilience. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent revenue and expense figures, coupled with stable assets, suggest a well-managed operation. The organization reports 0% officer compensation across all available filings, which is a significant indicator of either volunteer leadership or compensation being reported under different categories, warranting further investigation for complete transparency. The low liabilities relative to assets (e.g., $583,934 liabilities vs. $38,847,942 assets in 202308) indicate a healthy balance sheet. Transparency is generally good given the consistent filing history and readily available financial data. The absence of reported officer compensation is a notable point for further clarity. Overall, NYSUTBC appears to be a financially sound organization with a stable operational history, though more granular spending data would enhance the assessment of its efficiency and program focus.