Gem City Housing
EIN: 742310530 · Laramie, WY
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $74K |
| Net Assets | $350K |
Is Gem City Housing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gem City Housing
Gem City Housing (EIN: 742310530) is a nonprofit organization based in Laramie, WY. The organization reported total revenue of $135K and total assets of $512K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gem City Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gem City Housing is a small nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $74K |
| Surplus / Deficit | +$30K |
| Total Assets | $500K |
| Total Liabilities | $150K |
| Net Assets | $350K |
| Operating Margin | 28.6% |
| Debt-to-Asset Ratio | 29.9% |
| Months of Reserves | 80.5 months |
Financial Health Grade: A
In 2023, Gem City Housing reported a surplus of $30K with revenue exceeding expenses, holds 80.5 months of operating reserves (strong position), has a debt-to-asset ratio of 29.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Gem City Housing's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +0.9% | -0.1% |
| 2022 | -10.0% | -22.2% | -1.3% |
| 2021 | -8.7% | +6.0% | +1.3% |
| 2020 | -6.4% | -23.2% | +1.1% |
| 2019 | -15.7% | -6.8% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gem City Housing 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 Gem City Housing 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 surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.9%.
Frequently Asked Questions about Gem City Housing
Is Gem City Housing a legitimate charity?
Gem City Housing (EIN: 742310530) is a registered tax-exempt nonprofit based in Wyoming. It has 12 years of IRS 990 filings on record. Total revenue: $135K. No red flags identified. Financial health grade: A.
How does Gem City Housing spend its money?
Gem City Housing reported $135K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gem City Housing tax-deductible?
Gem City Housing is registered as a tax-exempt nonprofit (EIN: 742310530). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gem City Housing located?
Gem City Housing is headquartered in Laramie, Wyoming and files with the IRS under EIN 742310530.
How many years of IRS 990 filings does Gem City Housing have?
Gem City Housing has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $135K in total revenue.
Filing History
IRS 990 filing history for Gem City Housing showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Gem City Housing's revenue has declined by 26.3%, moving from $141K to $104K. Total assets decreased by 10% over the same period, from $555K to $500K. Total functional expenses fell by 43.3%, from $131K to $74K. In its most recent filing year (2023), Gem City Housing reported a surplus of $30K, with revenue exceeding expenses. The organization holds $150K in liabilities against $500K in assets (debt-to-asset ratio: 29.9%), resulting in net assets of $350K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $74K | $500K | $150K | — | View 990 |
| 2022 | $98K | $74K | $500K | $180K | — | View 990 |
| 2021 | $108K | $95K | $506K | $233K | — | View 990 |
| 2020 | $119K | $90K | $500K | $241K | — | View 990 |
| 2019 | $127K | $117K | $494K | $299K | — | View 990 |
| 2018 | $151K | $125K | $514K | $330K | — | View 990 |
| 2017 | $125K | $136K | $503K | $344K | — | View 990 |
| 2016 | $123K | $134K | $517K | $347K | — | View 990 |
| 2015 | $136K | $126K | $534K | $352K | — | View 990 |
| 2014 | $144K | $134K | $537K | $365K | — | View 990 |
| 2013 | $130K | $126K | $545K | $383K | — | View 990 |
| 2012 | $141K | $131K | $555K | $397K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $74K, and assets of $500K (revenue +6.9% year-over-year).
- 2022: Revenue of $98K, expenses of $74K, and assets of $500K (revenue -10.0% year-over-year).
- 2021: Revenue of $108K, expenses of $95K, and assets of $506K (revenue -8.7% year-over-year).
- 2020: Revenue of $119K, expenses of $90K, and assets of $500K (revenue -6.4% year-over-year).
- 2019: Revenue of $127K, expenses of $117K, and assets of $494K (revenue -15.7% year-over-year).
- 2018: Revenue of $151K, expenses of $125K, and assets of $514K (revenue +20.6% year-over-year).
- 2017: Revenue of $125K, expenses of $136K, and assets of $503K (revenue +1.8% year-over-year).
- 2016: Revenue of $123K, expenses of $134K, and assets of $517K (revenue -9.8% year-over-year).
- 2015: Revenue of $136K, expenses of $126K, and assets of $534K (revenue -5.5% year-over-year).
- 2014: Revenue of $144K, expenses of $134K, and assets of $537K (revenue +10.7% year-over-year).
- 2013: Revenue of $130K, expenses of $126K, and assets of $545K (revenue -8.2% year-over-year).
- 2012: Revenue of $141K, expenses of $131K, and assets of $555K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gem City Housing:
Data Sources and Methodology
This transparency report for Gem City Housing 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.