Grand Street Guild East Housing Development Fund Company Inc
Grand Street Guild East Housing Development Fund Company Inc maintains operational stability with no reported officer compensation, despite significant liabilities.
EIN: 132679032 · Garden City, NY · NTEE: L99 · Updated: 2026-03-28
Is Grand Street Guild East 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 →
Grand Street Guild East Housing Development Fund Company Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grand Street Guild East Housing Development Fund Company Inc
Grand Street Guild East Housing Development Fund Company Inc (EIN: 132679032) is a nonprofit organization based in Garden City, NY, classified under NTEE code L99. The organization reported total revenue of $14.1M and total assets of $31.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Street Guild East Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grand Street Guild East Housing Development Fund Company 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Grand Street Guild East Housing Development Fund Company Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with over $10 million in annual revenue and suggests either volunteer leadership or compensation is covered by an affiliated entity.
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 Grand Street Guild East Housing Development Fund Company Inc's IRS 990 filings:
- Liabilities consistently exceed assets by a significant margin, indicating a highly leveraged financial structure.
- No officer compensation reported, which, while positive for efficiency, is unusual for an organization of this size and might suggest compensation is handled by an affiliated entity or through non-monetary means not disclosed.
Strengths
The following positive indicators were identified for Grand Street Guild East Housing Development Fund Company Inc:
- Consistent operational stability with revenues generally covering expenses (e.g., $10,361,274 revenue vs. $10,297,588 expenses in 202406).
- Zero reported officer compensation across all filings, indicating high efficiency in executive overhead.
- Long history of IRS 990 filings (14 periods), demonstrating commitment to transparency and compliance.
- Clear alignment between organization name and NTEE code (Housing, Shelter, & Homeless Services).
Frequently Asked Questions about Grand Street Guild East Housing Development Fund Company Inc
Is Grand Street Guild East Housing Development Fund Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Street Guild East Housing Development Fund Company Inc (EIN: 132679032) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Grand Street Guild East Housing Development Fund Company Inc spend its money?
Grand Street Guild East Housing Development Fund Company Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grand Street Guild East Housing Development Fund Company Inc tax-deductible?
Grand Street Guild East Housing Development Fund Company Inc is registered as a tax-exempt nonprofit (EIN: 132679032). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Grand Street Guild East Housing Development Fund Company Inc a good charity?
Based on the available data, the organization appears to be financially stable with consistent revenue and expenses. The complete absence of officer compensation is a significant positive indicator of efficiency and dedication to its mission. However, the high liabilities relative to assets warrant further investigation into its long-term financial strategy.
How does the organization manage its significant liabilities?
The organization consistently reports liabilities significantly exceeding assets (e.g., $50,580,379 liabilities vs. $30,396,394 assets in 202406). This structure is common for housing development funds that often carry substantial mortgages or development loans. A deeper dive into the nature of these liabilities (e.g., long-term debt vs. short-term payables) would provide more clarity.
What is the source of the organization's revenue?
While the specific breakdown isn't provided, as a housing development fund, its revenue likely comes from rental income, government subsidies, grants, or potentially development fees. The consistent revenue stream (e.g., $10,361,274 in 202406) suggests stable funding sources.
Filing History
IRS 990 filing history for Grand Street Guild East Housing Development Fund Company Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Grand Street Guild East Housing Development Fund Company Inc's revenue has grown by 318%, moving from $2.5M to $10.4M. Total assets increased by 163% over the same period, from $11.6M to $30.4M. Total functional expenses rose by 375.3%, from $2.2M to $10.3M. In its most recent filing year (2024), Grand Street Guild East Housing Development Fund Company Inc reported a surplus of $64K, with revenue exceeding expenses. The organization holds $50.6M in liabilities against $30.4M in assets (debt-to-asset ratio: 166.4%), resulting in net assets of $-20,183,985.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $10.4M | $10.3M | $30.4M | $50.6M | — | View 990 |
| 2023 | $9.8M | $10.8M | $30.1M | $50.3M | — | View 990 |
| 2022 | $9.9M | $8.0M | $32.5M | $51.7M | — | View 990 |
| 2021 | $9.6M | $10.9M | $30.9M | $52.0M | — | — |
| 2020 | $8.8M | $7.6M | $31.7M | $49.0M | — | View 990 |
| 2019 | $8.4M | $7.2M | $33.3M | $49.7M | — | View 990 |
| 2018 | $8.2M | $7.1M | $34.3M | $50.4M | — | View 990 |
| 2017 | $8.1M | $7.3M | $35.1M | $51.1M | — | View 990 |
| 2016 | $8.3M | $9.7M | $37.1M | $52.9M | — | View 990 |
| 2015 | $7.3M | $6.5M | $34.0M | $33.1M | — | View 990 |
| 2014 | $5.8M | $6.5M | $33.6M | $33.5M | — | View 990 |
| 2013 | $3.8M | $2.4M | $32.2M | $31.5M | — | View 990 |
| 2012 | $2.5M | $2.3M | $23.4M | $24.1M | — | View 990 |
| 2011 | $2.5M | $2.2M | $11.6M | $12.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.4M, expenses of $10.3M, and assets of $30.4M (revenue +5.5% year-over-year).
- 2023: Revenue of $9.8M, expenses of $10.8M, and assets of $30.1M (revenue -0.7% year-over-year).
- 2022: Revenue of $9.9M, expenses of $8.0M, and assets of $32.5M (revenue +3.0% year-over-year).
- 2021: Revenue of $9.6M, expenses of $10.9M, and assets of $30.9M (revenue +9.5% year-over-year).
- 2020: Revenue of $8.8M, expenses of $7.6M, and assets of $31.7M (revenue +5.0% year-over-year).
- 2019: Revenue of $8.4M, expenses of $7.2M, and assets of $33.3M (revenue +1.7% year-over-year).
- 2018: Revenue of $8.2M, expenses of $7.1M, and assets of $34.3M (revenue +1.2% year-over-year).
- 2017: Revenue of $8.1M, expenses of $7.3M, and assets of $35.1M (revenue -1.6% year-over-year).
- 2016: Revenue of $8.3M, expenses of $9.7M, and assets of $37.1M (revenue +13.1% year-over-year).
- 2015: Revenue of $7.3M, expenses of $6.5M, and assets of $34.0M (revenue +25.1% year-over-year).
- 2014: Revenue of $5.8M, expenses of $6.5M, and assets of $33.6M (revenue +53.9% year-over-year).
- 2013: Revenue of $3.8M, expenses of $2.4M, and assets of $32.2M (revenue +51.7% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.3M, and assets of $23.4M (revenue +0.8% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.2M, and assets of $11.6M.
Data Sources and Methodology
This transparency report for Grand Street Guild East 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.