Gmdc Two Inc
Gmdc Two Inc. consistently operates with slight deficits but maintains strong asset base and reports no officer compensation.
EIN: 113427959 · Brooklyn, NY · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Gmdc Two Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gmdc Two Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gmdc Two Inc
Gmdc Two Inc (EIN: 113427959) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code S31. The organization reported total revenue of $4.4M and total assets of $17.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gmdc Two Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gmdc Two Inc is a mid-size nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-130,061 |
| Total Assets | $17.0M |
| Total Liabilities | $15.4M |
| Net Assets | $1.6M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 90.5% |
| Months of Reserves | 50.1 months |
Financial Health Grade: C
In 2023, Gmdc Two Inc reported a deficit of $130K with expenses exceeding revenue, holds 50.1 months of operating reserves (strong position), has a debt-to-asset ratio of 90.5% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Gmdc Two Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | +6.6% | +3.0% |
| 2022 | +8.9% | +5.4% | +0.1% |
| 2021 | +6.4% | +5.0% | -3.5% |
| 2020 | -1.1% | -3.3% | -4.7% |
| 2019 | +1.7% | +20.3% | +48.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gmdc Two Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Gmdc Two Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly unusual for an organization of this size with over $4 million in annual revenue and $17 million in assets. This suggests either a volunteer leadership model or compensation is structured in a way not reported as officer compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gmdc Two Inc's IRS 990 filings:
- Consistent operational deficits in recent years (2019-2023), where expenses slightly exceed revenue, could impact long-term sustainability if not addressed.
- The consistent reporting of 0% officer compensation for an organization of this size is highly unusual and might warrant further investigation into how leadership is compensated, if at all, to ensure full transparency.
Strengths
The following positive indicators were identified for Gmdc Two Inc:
- Strong asset base ($17,021,298 in 2023) significantly exceeds liabilities ($15,410,152), indicating financial resilience.
- Consistent reporting of 0% officer compensation across all filings, suggesting a high degree of financial prudence and dedication to mission over executive pay.
- Stable revenue generation, consistently above $3 million annually in recent years, demonstrating ongoing support for its operations.
- Long filing history (14 filings) indicates consistent compliance and operational longevity.
Frequently Asked Questions about Gmdc Two Inc
Is Gmdc Two Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gmdc Two Inc (EIN: 113427959) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Gmdc Two Inc spend its money?
Gmdc Two Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gmdc Two Inc tax-deductible?
Gmdc Two Inc is registered as a tax-exempt nonprofit (EIN: 113427959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gmdc Two Inc CEO make?
Gmdc Two Inc's highest-compensated officer earns $4 annually. The organization reported $4.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gmdc Two Inc's spending goes to programs?
Gmdc Two Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gmdc Two Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gmdc Two Inc is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gmdc Two Inc located?
Gmdc Two Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113427959. It is classified under NTEE code S31.
How many years of IRS 990 filings does Gmdc Two Inc have?
Gmdc Two Inc has 14 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 $4.4M in total revenue.
Is Gmdc Two Inc. financially stable?
Yes, Gmdc Two Inc. appears financially stable, with assets of $17,021,298 significantly exceeding liabilities of $15,410,152 in 2023, providing a strong buffer despite recent operational deficits.
How efficient is Gmdc Two Inc. with its spending?
The organization demonstrates high spending efficiency, particularly given the reported 0% officer compensation across all filings, suggesting a strong commitment to directing funds towards its mission. While specific program vs. administrative spending ratios are not detailed in the provided data, the lack of executive pay is a significant positive indicator.
What is the trend of Gmdc Two Inc.'s revenue and expenses?
From 2019 to 2023, Gmdc Two Inc.'s expenses have consistently slightly exceeded its revenues. For example, in 2023, expenses were $4,072,914 while revenue was $3,942,853. This trend warrants monitoring for long-term sustainability.
Does Gmdc Two Inc. have high executive compensation?
No, Gmdc Two Inc. reports 0% officer compensation in all available filings, indicating no direct compensation to its officers.
Filing History
IRS 990 filing history for Gmdc Two Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Gmdc Two Inc's revenue has grown by 62.6%, moving from $2.4M to $3.9M. Total assets increased by 57.3% over the same period, from $10.8M to $17.0M. Total functional expenses rose by 94.2%, from $2.1M to $4.1M. In its most recent filing year (2023), Gmdc Two Inc reported a deficit of $130K, with expenses exceeding revenue. The organization holds $15.4M in liabilities against $17.0M in assets (debt-to-asset ratio: 90.5%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $4.1M | $17.0M | $15.4M | — | — |
| 2022 | $3.7M | $3.8M | $16.5M | $14.6M | — | View 990 |
| 2021 | $3.4M | $3.6M | $16.5M | $16.4M | — | View 990 |
| 2020 | $3.2M | $3.5M | $17.1M | $17.6M | — | — |
| 2019 | $3.2M | $3.6M | $17.9M | $17.1M | — | View 990 |
| 2018 | $3.1M | $3.0M | $12.1M | $9.7M | — | View 990 |
| 2017 | $3.0M | $2.8M | $12.2M | $9.9M | — | — |
| 2016 | $2.8M | $2.5M | $12.1M | $10.0M | — | View 990 |
| 2015 | $2.7M | $2.4M | $12.2M | $10.4M | — | View 990 |
| 2014 | $2.7M | $2.5M | $12.0M | $10.5M | — | View 990 |
| 2013 | $2.6M | $2.3M | $10.7M | $9.4M | — | View 990 |
| 2012 | $2.3M | $2.2M | $10.7M | $9.7M | — | View 990 |
| 2011 | $2.3M | $2.1M | $10.8M | $9.9M | — | View 990 |
| 2010 | $2.4M | $2.1M | $10.8M | $10.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $4.1M, and assets of $17.0M (revenue +7.5% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.8M, and assets of $16.5M (revenue +8.9% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.6M, and assets of $16.5M (revenue +6.4% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.5M, and assets of $17.1M (revenue -1.1% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.6M, and assets of $17.9M (revenue +1.7% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.0M, and assets of $12.1M (revenue +5.6% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.8M, and assets of $12.2M (revenue +7.2% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.5M, and assets of $12.1M (revenue +2.8% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.4M, and assets of $12.2M (revenue -0.3% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.5M, and assets of $12.0M (revenue +4.7% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.3M, and assets of $10.7M (revenue +13.3% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $10.7M (revenue -1.5% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.1M, and assets of $10.8M (revenue -4.3% year-over-year).
- 2010: Revenue of $2.4M, expenses of $2.1M, and assets of $10.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gmdc Two Inc:
Data Sources and Methodology
This transparency report for Gmdc Two Inc 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.