Geer Village Housing & Development Company
EIN: 61230844 · Canaan, CT
Is Geer Village Housing & Development Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Geer Village Housing & Development Company
Geer Village Housing & Development Company (EIN: 61230844) is a nonprofit organization based in Canaan, CT. The organization reported total revenue of $576K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Geer Village Housing & Development Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Geer Village Housing & Development Company is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $405K |
| Total Expenses | $634K |
| Surplus / Deficit | $-228,969 |
| Total Assets | $3.0M |
| Total Liabilities | $96K |
| Net Assets | $2.9M |
| Operating Margin | -56.5% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 56.3 months |
Financial Health Grade: B
In 2023, Geer Village Housing & Development Company reported a deficit of $229K with expenses exceeding revenue, holds 56.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Geer Village Housing & Development Company's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +2.6% | -6.7% |
| 2022 | -1.3% | +0.4% | -5.5% |
| 2021 | +1.2% | +1.4% | -5.9% |
| 2020 | +4.4% | -0.7% | -5.2% |
| 2019 | -2.7% | +4.6% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Geer Village Housing & Development Company has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Geer Village Housing & Development Company with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $229K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.2%.
Frequently Asked Questions about Geer Village Housing & Development Company
Is Geer Village Housing & Development Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Geer Village Housing & Development Company (EIN: 61230844) insufficient data. 0 red flags identified, 0 strengths noted.
How does Geer Village Housing & Development Company spend its money?
Detailed spending breakdown data is not yet available for Geer Village Housing & Development Company. Check back for updated IRS 990 analysis.
Are donations to Geer Village Housing & Development Company tax-deductible?
Geer Village Housing & Development Company is registered as a tax-exempt nonprofit (EIN: 61230844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Geer Village Housing & Development Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Geer Village Housing & Development Company's revenue has grown by 72%, moving from $236K to $405K. Total assets increased by 15.4% over the same period, from $2.6M to $3.0M. Total functional expenses rose by 75.4%, from $362K to $634K. In its most recent filing year (2023), Geer Village Housing & Development Company reported a deficit of $229K, with expenses exceeding revenue. The organization holds $96K in liabilities against $3.0M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $405K | $634K | $3.0M | $96K | — | — |
| 2022 | $402K | $618K | $3.2M | $82K | — | View 990 |
| 2021 | $407K | $616K | $3.4M | $50K | — | View 990 |
| 2020 | $402K | $607K | $3.6M | $53K | — | View 990 |
| 2019 | $385K | $611K | $3.8M | $45K | — | View 990 |
| 2018 | $396K | $584K | $4.0M | $70K | — | View 990 |
| 2017 | $399K | $575K | $4.2M | $28K | — | View 990 |
| 2016 | $399K | $551K | $4.4M | $60K | — | View 990 |
| 2015 | $2.9M | $527K | $4.5M | $54K | — | View 990 |
| 2014 | $266K | $413K | $2.2M | $55K | — | View 990 |
| 2013 | $250K | $379K | $2.3M | $32K | — | View 990 |
| 2012 | $247K | $358K | $2.5M | $69K | — | View 990 |
| 2011 | $236K | $362K | $2.6M | $70K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $405K, expenses of $634K, and assets of $3.0M (revenue +0.8% year-over-year).
- 2022: Revenue of $402K, expenses of $618K, and assets of $3.2M (revenue -1.3% year-over-year).
- 2021: Revenue of $407K, expenses of $616K, and assets of $3.4M (revenue +1.2% year-over-year).
- 2020: Revenue of $402K, expenses of $607K, and assets of $3.6M (revenue +4.4% year-over-year).
- 2019: Revenue of $385K, expenses of $611K, and assets of $3.8M (revenue -2.7% year-over-year).
- 2018: Revenue of $396K, expenses of $584K, and assets of $4.0M (revenue -0.9% year-over-year).
- 2017: Revenue of $399K, expenses of $575K, and assets of $4.2M (revenue +0.2% year-over-year).
- 2016: Revenue of $399K, expenses of $551K, and assets of $4.4M (revenue -86.2% year-over-year).
- 2015: Revenue of $2.9M, expenses of $527K, and assets of $4.5M (revenue +984.1% year-over-year).
- 2014: Revenue of $266K, expenses of $413K, and assets of $2.2M (revenue +6.2% year-over-year).
- 2013: Revenue of $250K, expenses of $379K, and assets of $2.3M (revenue +1.6% year-over-year).
- 2012: Revenue of $247K, expenses of $358K, and assets of $2.5M (revenue +4.7% year-over-year).
- 2011: Revenue of $236K, expenses of $362K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Geer Village Housing & Development Company:
Data Sources and Methodology
This transparency report for Geer Village Housing & Development Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.