Grand Street Guild Hdfc Inc
Grand Street Guild Hdfc Inc. consistently reports zero officer compensation but faces significant long-term solvency challenges with liabilities far exceeding assets.
EIN: 132679033 · Garden City, NY · NTEE: L99 · Updated: 2026-03-28
Is Grand Street Guild Hdfc 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 Hdfc Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grand Street Guild Hdfc Inc
Grand Street Guild Hdfc Inc (EIN: 132679033) is a nonprofit organization based in Garden City, NY, classified under NTEE code L99. The organization reported total revenue of $13.7M and total assets of $31.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Street Guild Hdfc 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 Hdfc Inc with a Mission Score of 55 out of 100 (Fair). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Grand Street Guild Hdfc Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 compensation was paid to officers, directors, or trustees, which is highly unusual for an organization of its size with revenues consistently over $10 million.
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 Hdfc Inc's IRS 990 filings:
- Persistent negative net assets, with liabilities consistently exceeding assets (e.g., $58,339,859 in liabilities vs. $31,530,911 in assets in 202406).
- Consistent deficit spending in recent years (e.g., expenses exceeded revenue by $269,348 in 202406 and $275,678 in 202306).
- Unusually high liabilities relative to assets, indicating potential long-term solvency issues.
Strengths
The following positive indicators were identified for Grand Street Guild Hdfc Inc:
- Consistent revenue generation, typically above $10 million annually in recent periods.
- Zero reported officer compensation, indicating a potentially very lean executive cost structure.
- Long operational history with 14 IRS 990 filings, suggesting stability in existence.
Frequently Asked Questions about Grand Street Guild Hdfc Inc
Is Grand Street Guild Hdfc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Street Guild Hdfc Inc (EIN: 132679033) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Grand Street Guild Hdfc Inc spend its money?
Grand Street Guild Hdfc Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grand Street Guild Hdfc Inc tax-deductible?
Grand Street Guild Hdfc Inc is registered as a tax-exempt nonprofit (EIN: 132679033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Grand Street Guild Hdfc Inc. manage its significant liabilities?
The provided data consistently shows liabilities significantly exceeding assets (e.g., $58,339,859 in liabilities vs. $31,530,911 in assets in 202406). Understanding the nature of these liabilities (e.g., mortgages, bonds) and the organization's strategy for managing them is crucial for assessing long-term financial stability.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess the organization's spending efficiency and how much of its budget directly supports its mission. The provided data only shows total expenses, such as $10,607,912 in 202406.
How does the organization sustain operations with zero officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It raises questions about how leadership is compensated or if key leadership roles are filled by volunteers or through other arrangements not reflected as officer compensation.
What is the source of the consistent revenue generation?
The organization consistently generates substantial revenue, ranging from $7.6 million to $11.3 million over the past decade. Understanding the primary sources of this revenue (e.g., grants, program service fees, investments) would provide insight into its financial model and stability.
Filing History
IRS 990 filing history for Grand Street Guild Hdfc Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Grand Street Guild Hdfc Inc's revenue has grown by 286.5%, moving from $2.7M to $10.3M. Total assets increased by 141.7% over the same period, from $13.0M to $31.5M. Total functional expenses rose by 361%, from $2.3M to $10.6M. In its most recent filing year (2024), Grand Street Guild Hdfc Inc reported a deficit of $269K, with expenses exceeding revenue. The organization holds $58.3M in liabilities against $31.5M in assets (debt-to-asset ratio: 185.0%), resulting in net assets of $-26,808,948.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $10.3M | $10.6M | $31.5M | $58.3M | — | View 990 |
| 2023 | $11.4M | $11.6M | $32.4M | $58.9M | — | View 990 |
| 2022 | $10.5M | $8.0M | $33.8M | $60.1M | — | View 990 |
| 2021 | $10.6M | $12.2M | $32.4M | $61.2M | — | — |
| 2020 | $9.3M | $7.9M | $32.4M | $57.1M | — | View 990 |
| 2019 | $9.2M | $7.7M | $34.2M | $58.3M | — | View 990 |
| 2018 | $9.0M | $7.7M | $35.1M | $59.2M | — | View 990 |
| 2017 | $9.1M | $7.8M | $36.0M | $60.1M | — | View 990 |
| 2016 | $8.9M | $10.1M | $38.0M | $62.3M | — | View 990 |
| 2015 | $7.6M | $6.6M | $34.1M | $32.7M | — | View 990 |
| 2014 | $5.9M | $6.7M | $33.5M | $33.1M | — | View 990 |
| 2013 | $3.9M | $2.6M | $32.7M | $31.6M | — | View 990 |
| 2012 | $2.7M | $2.3M | $25.7M | $25.8M | — | View 990 |
| 2011 | $2.7M | $2.3M | $13.0M | $13.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.3M, expenses of $10.6M, and assets of $31.5M (revenue -9.0% year-over-year).
- 2023: Revenue of $11.4M, expenses of $11.6M, and assets of $32.4M (revenue +7.9% year-over-year).
- 2022: Revenue of $10.5M, expenses of $8.0M, and assets of $33.8M (revenue -0.5% year-over-year).
- 2021: Revenue of $10.6M, expenses of $12.2M, and assets of $32.4M (revenue +13.9% year-over-year).
- 2020: Revenue of $9.3M, expenses of $7.9M, and assets of $32.4M (revenue +0.6% year-over-year).
- 2019: Revenue of $9.2M, expenses of $7.7M, and assets of $34.2M (revenue +2.9% year-over-year).
- 2018: Revenue of $9.0M, expenses of $7.7M, and assets of $35.1M (revenue -1.5% year-over-year).
- 2017: Revenue of $9.1M, expenses of $7.8M, and assets of $36.0M (revenue +2.5% year-over-year).
- 2016: Revenue of $8.9M, expenses of $10.1M, and assets of $38.0M (revenue +16.8% year-over-year).
- 2015: Revenue of $7.6M, expenses of $6.6M, and assets of $34.1M (revenue +28.4% year-over-year).
- 2014: Revenue of $5.9M, expenses of $6.7M, and assets of $33.5M (revenue +53.5% year-over-year).
- 2013: Revenue of $3.9M, expenses of $2.6M, and assets of $32.7M (revenue +43.3% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.3M, and assets of $25.7M (revenue +0.7% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.3M, and assets of $13.0M.
Data Sources and Methodology
This transparency report for Grand Street Guild Hdfc 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.