God City Housing Development Fund Company Inc
God City Housing Development Fund Company Inc: Stable Revenue, Declining Assets, and Transparency Gaps
EIN: 222359206 · Buffalo, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.3M |
| Program Spending | 75% |
| Net Assets | $-2,337,457 |
| Transparency Score | 65/100 |
Is God City Housing Development Fund Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
God City Housing Development Fund Company Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About God City Housing Development Fund Company Inc
God City Housing Development Fund Company Inc (EIN: 222359206) is a nonprofit organization based in Buffalo, NY. The organization reported total revenue of $2.5M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of God City Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
God City Housing Development Fund Company Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-133,567 |
| Total Assets | $1.2M |
| Total Liabilities | $3.5M |
| Net Assets | $-2,337,457 |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 296.4% |
| Months of Reserves | 10.8 months |
Financial Health Grade: C
In 2023, God City Housing Development Fund Company Inc reported a deficit of $134K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 296.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), God City Housing Development Fund Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +4.4% | -20.4% |
| 2022 | +2.7% | -1.4% | -8.1% |
| 2021 | +1.6% | +6.7% | -12.0% |
| 2020 | +3.4% | -4.3% | -5.2% |
| 2019 | -0.3% | +1.5% | -10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 God City Housing Development Fund Company Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, God City Housing Development Fund Company Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $134K, with expenses exceeding revenue.
- Debt-to-asset ratio: 296.4%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data.
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 God City Housing Development Fund Company Inc's IRS 990 filings:
- Total assets have consistently declined from $2,656,643 in 2016 to $1,189,952 in 2023, indicating a potential long-term financial contraction.
- The organization's net assets (assets minus liabilities) are not explicitly provided, making it difficult to gauge overall financial health.
- The 'c0%' in the financial filings is unclear and could represent a lack of cash or an unstated metric, requiring further clarification.
Strengths
The following positive indicators were identified for God City Housing Development Fund Company Inc:
- Revenue has remained relatively stable over the past several years, hovering around $1.1 million annually, suggesting a consistent funding base.
- The organization has a long operating history with consistent filings from 2016 to 2023.
Frequently Asked Questions about God City Housing Development Fund Company Inc
Is God City Housing Development Fund Company Inc a legitimate charity?
God City Housing Development Fund Company Inc (EIN: 222359206) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does God City Housing Development Fund Company Inc spend its money?
God City Housing Development Fund Company Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to God City Housing Development Fund Company Inc tax-deductible?
God City Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 222359206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of God City Housing Development Fund Company Inc's spending goes to programs?
God City Housing Development Fund Company Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is God City Housing Development Fund Company Inc located?
God City Housing Development Fund Company Inc is headquartered in Buffalo, New York and files with the IRS under EIN 222359206.
How many years of IRS 990 filings does God City Housing Development Fund Company Inc have?
God City Housing Development Fund Company Inc has 13 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 $2.5M in total revenue.
What does God City Housing Development Fund Company Inc do?
God City Housing Development Fund Company Inc is a nonprofit organization in the Unknown sector, located in Buffalo, New York. It is classified under NTEE code Unknown.
How much revenue does God City Housing Development Fund Company Inc have?
God City Housing Development Fund Company Inc reported total revenue of $2,467,852. Based on 13 IRS 990 filings on record.
What are God City Housing Development Fund Company Inc's total assets?
God City Housing Development Fund Company Inc holds total assets of $2,410,805 as reported in IRS 990 filings.
Where is God City Housing Development Fund Company Inc located?
God City Housing Development Fund Company Inc is based in Buffalo, New York.
What is God City Housing Development Fund Company Inc's EIN?
God City Housing Development Fund Company Inc's Employer Identification Number (EIN) is 222359206. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is God City Housing Development Fund Company Inc?
God City Housing Development Fund Company Inc is classified under NTEE code Unknown (Unknown).
Is God City Housing Development Fund Company Inc a registered 501(c)(3)?
God City Housing Development Fund Company Inc appears in IRS records (EIN: 222359206). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does God City Housing Development Fund Company Inc file IRS Form 990?
Yes, God City Housing Development Fund Company Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was God City Housing Development Fund Company Inc's revenue in 2023?
In the 202306 filing period, God City Housing Development Fund Company Inc reported total revenue of $1,185,088, total expenses of $1,318,655, and net assets of $1,189,952.
Is God City Housing Development Fund Company Inc's revenue growing or declining?
God City Housing Development Fund Company Inc's revenue is relatively stable. Revenue went from $1,188,071 (202206) to $1,185,088 (202306), a -0.3% change. Based on 13 filings on record.
What is God City Housing Development Fund Company Inc's most recent 990 filing?
The most recent IRS Form 990 filing for God City Housing Development Fund Company Inc covers tax period 202306. It shows revenue of $1,185,088, expenses of $1,318,655, total assets of $1,189,952, and liabilities of $3,527,409.
How much does God City Housing Development Fund Company Inc spend on programs vs administration?
Based on IRS 990 analysis, God City Housing Development Fund Company Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is God City Housing Development Fund Company Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, God City Housing Development Fund Company Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for God City Housing Development Fund Company Inc?
The following concerns were identified: Total assets have consistently declined from $2,656,643 in 2016 to $1,189,952 in 2023, indicating a potential long-term financial contraction.. The organization's net assets (assets minus liabilities) are not explicitly provided, making it difficult to gauge overall financial health.. The 'c0%' in the financial filings is unclear and could represent a lack of cash or an unstated metric, requiring further clarification.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are God City Housing Development Fund Company Inc's strengths?
Positive indicators for God City Housing Development Fund Company Inc include: Revenue has remained relatively stable over the past several years, hovering around $1.1 million annually, suggesting a consistent funding base.. The organization has a long operating history with consistent filings from 2016 to 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does God City Housing Development Fund Company Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the primary driver behind the consistent decline in total assets from $2,656,643 in 2016 to $1,189,952 in 2023, despite stable revenue?
Without detailed expense breakdowns or balance sheet changes, it's difficult to pinpoint the exact cause. Potential factors could include significant depreciation of properties, repayment of liabilities without corresponding asset acquisition, or a shift in asset management strategy.
Given the 'c0%' listed in the financial filings, what is the organization's actual cash position or liquidity, and how does it impact their operational capacity?
The 'c0%' is ambiguous. If it represents cash, a zero cash balance would indicate severe liquidity issues. However, it's more likely an unstated or mislabeled metric. Clarification is needed to understand their true cash position and its implications for day-to-day operations and emergency reserves.
Filing History
IRS 990 filing history for God City Housing Development Fund Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), God City Housing Development Fund Company Inc's revenue has grown by 21.8%, moving from $973K to $1.2M. Total assets decreased by 63% over the same period, from $3.2M to $1.2M. Total functional expenses rose by 31.8%, from $1.0M to $1.3M. In its most recent filing year (2023), God City Housing Development Fund Company Inc reported a deficit of $134K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $1.2M in assets (debt-to-asset ratio: 296.4%), resulting in net assets of $-2,337,457.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $1.2M | $3.5M | — | — |
| 2022 | $1.2M | $1.3M | $1.5M | $3.7M | — | View 990 |
| 2021 | $1.2M | $1.3M | $1.6M | $3.8M | — | View 990 |
| 2020 | $1.1M | $1.2M | $1.8M | $3.9M | — | View 990 |
| 2019 | $1.1M | $1.3M | $2.0M | $3.9M | — | View 990 |
| 2018 | $1.1M | $1.2M | $2.2M | $4.0M | — | View 990 |
| 2017 | $1.1M | $1.2M | $2.4M | $4.1M | — | View 990 |
| 2016 | $1.1M | $1.1M | $2.7M | $4.2M | — | View 990 |
| 2015 | $1.1M | $1.1M | $2.7M | $4.3M | — | View 990 |
| 2014 | $1.0M | $1.1M | $2.8M | $4.3M | — | View 990 |
| 2013 | $1.0M | $1.1M | $3.0M | $4.4M | — | View 990 |
| 2012 | $1.0M | $1.1M | $3.1M | $4.5M | — | View 990 |
| 2011 | $973K | $1.0M | $3.2M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $1.2M (revenue -0.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $1.5M (revenue +2.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.3M, and assets of $1.6M (revenue +1.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.2M, and assets of $1.8M (revenue +3.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.3M, and assets of $2.0M (revenue -0.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $2.2M (revenue +1.3% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $2.4M (revenue -0.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $2.7M (revenue +3.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $2.7M (revenue +1.4% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $2.8M (revenue -0.3% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $3.0M (revenue +2.2% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $3.1M (revenue +4.5% year-over-year).
- 2011: Revenue of $973K, expenses of $1.0M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for God City Housing Development Fund Company Inc:
Data Sources and Methodology
This transparency report for God City Housing Development Fund Company 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.