Grandview Second Corporation
Grandview Second Corporation: Declining Revenue, High Administrative Costs
EIN: 222812929 · Providence, RI · NTEE: L210 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $371K |
| Program Spending | 60% |
| Net Assets | $682K |
| Transparency Score | 45/100 |
Is Grandview Second Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grandview Second Corporation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Grandview Second Corporation
Grandview Second Corporation (EIN: 222812929) is a nonprofit organization based in Providence, RI, classified under NTEE code L210. The organization reported total revenue of $273K and total assets of $867K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grandview Second Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grandview Second Corporation is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $291K |
| Total Expenses | $371K |
| Surplus / Deficit | $-79,190 |
| Total Assets | $896K |
| Total Liabilities | $214K |
| Net Assets | $682K |
| Operating Margin | -27.2% |
| Debt-to-Asset Ratio | 23.9% |
| Months of Reserves | 29.0 months |
Financial Health Grade: B
In 2023, Grandview Second Corporation reported a deficit of $79K with expenses exceeding revenue, holds 29.0 months of operating reserves (strong position), has a debt-to-asset ratio of 23.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grandview Second Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | +19.3% | -7.2% |
| 2022 | -30.5% | -4.8% | +6.2% |
| 2021 | +89.4% | +24.9% | -0.8% |
| 2020 | -2.1% | +5.5% | -0.3% |
| 2019 | +10.3% | +11.4% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Grandview Second Corporation with a Mission Score of 45 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Grandview Second Corporation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on salaries and benefits.
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 Grandview Second Corporation's IRS 990 filings:
- Revenue has shown a consistent decline from $469,781 in 2021 to $273,292 in 2023.
- Expenses have frequently exceeded revenue in recent years, such as $370,509 in expenses against $291,319 in revenue in 2023.
- The organization's net assets have decreased from $966,217 in 2022 to $867,478 in 2023.
Strengths
The following positive indicators were identified for Grandview Second Corporation:
- The organization maintains a significant asset base, with $867,478 in assets as of 2023.
- Despite revenue fluctuations, the organization has consistently reported assets over $800,000 for several years.
Frequently Asked Questions about Grandview Second Corporation
Is Grandview Second Corporation a legitimate charity?
Grandview Second Corporation (EIN: 222812929) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $273K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Grandview Second Corporation spend its money?
Grandview Second Corporation directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Grandview Second Corporation tax-deductible?
Grandview Second Corporation is registered as a tax-exempt nonprofit (EIN: 222812929). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grandview Second Corporation's spending goes to programs?
Grandview Second Corporation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Grandview Second Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Grandview Second Corporation is near average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grandview Second Corporation located?
Grandview Second Corporation is headquartered in Providence, Rhode Island and files with the IRS under EIN 222812929. It is classified under NTEE code L210.
How many years of IRS 990 filings does Grandview Second Corporation have?
Grandview Second Corporation 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 $273K in total revenue.
What does Grandview Second Corporation do?
Grandview Second Corporation is a nonprofit organization in the Housing & Shelter sector, located in Providence, Rhode Island. It is classified under NTEE code L210.
How much revenue does Grandview Second Corporation have?
Grandview Second Corporation reported total revenue of $273,292. Based on 13 IRS 990 filings on record.
What are Grandview Second Corporation's total assets?
Grandview Second Corporation holds total assets of $867,478 as reported in IRS 990 filings.
Where is Grandview Second Corporation located?
Grandview Second Corporation is based in Providence, Rhode Island.
What is Grandview Second Corporation's EIN?
Grandview Second Corporation's Employer Identification Number (EIN) is 222812929. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Grandview Second Corporation?
Grandview Second Corporation is classified under NTEE code L210 (Housing & Shelter).
Is Grandview Second Corporation a registered 501(c)(3)?
Yes, Grandview Second Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222812929.
Does Grandview Second Corporation file IRS Form 990?
Yes, Grandview Second Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Grandview Second Corporation's revenue in 2023?
In the 202309 filing period, Grandview Second Corporation reported total revenue of $291,319, total expenses of $370,509, and net assets of $896,437.
Is Grandview Second Corporation's revenue growing or declining?
Grandview Second Corporation's revenue is declining. Revenue went from $326,596 (202209) to $291,319 (202309), a -10.8% change. Based on 13 filings on record.
What is Grandview Second Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Grandview Second Corporation covers tax period 202309. It shows revenue of $291,319, expenses of $370,509, total assets of $896,437, and liabilities of $214,068.
How much does Grandview Second Corporation spend on programs vs administration?
Based on IRS 990 analysis, Grandview Second Corporation allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Grandview Second Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Grandview Second Corporation shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Grandview Second Corporation?
The following concerns were identified: Revenue has shown a consistent decline from $469,781 in 2021 to $273,292 in 2023.. Expenses have frequently exceeded revenue in recent years, such as $370,509 in expenses against $291,319 in revenue in 2023.. The organization's net assets have decreased from $966,217 in 2022 to $867,478 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Grandview Second Corporation's strengths?
Positive indicators for Grandview Second Corporation include: The organization maintains a significant asset base, with $867,478 in assets as of 2023.. Despite revenue fluctuations, the organization has consistently reported assets over $800,000 for several years.. These findings are derived from AI analysis of the organization's financial filings.
How does Grandview Second Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on salaries and benefits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue and instances where expenses exceed revenue, what is Grandview Second Corporation's long-term financial sustainability strategy?
The provided data indicates a trend of declining revenue and operating deficits. Without further information on strategic initiatives, it's unclear how the organization plans to reverse these trends and ensure long-term financial health.
How does Grandview Second Corporation justify its administrative and fundraising spending percentages given the overall financial performance?
While specific breakdowns aren't provided, if administrative and fundraising costs are substantial relative to program spending, the organization should articulate how these expenditures directly contribute to its mission and efficiency, especially in a period of revenue decline.
Filing History
IRS 990 filing history for Grandview Second Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grandview Second Corporation's revenue has grown by 71.7%, moving from $170K to $291K. Total assets decreased by 14% over the same period, from $1.0M to $896K. Total functional expenses rose by 103%, from $183K to $371K. In its most recent filing year (2023), Grandview Second Corporation reported a deficit of $79K, with expenses exceeding revenue. The organization holds $214K in liabilities against $896K in assets (debt-to-asset ratio: 23.9%), resulting in net assets of $682K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $291K | $371K | $896K | $214K | — | — |
| 2022 | $327K | $311K | $966K | $180K | — | — |
| 2021 | $470K | $326K | $910K | $114K | — | View 990 |
| 2020 | $248K | $261K | $917K | $240K | — | View 990 |
| 2019 | $253K | $248K | $920K | $204K | — | View 990 |
| 2017 | $230K | $222K | $953K | $192K | — | View 990 |
| 2016 | $57K | $39K | $995K | $241K | — | View 990 |
| 2016 | $129K | $179K | $969K | $233K | — | View 990 |
| 2015 | $131K | $181K | $972K | $186K | — | View 990 |
| 2014 | $148K | $155K | $1.0M | $179K | — | View 990 |
| 2013 | $153K | $143K | $1.0M | $197K | — | View 990 |
| 2012 | $144K | $153K | $1.0M | $201K | — | View 990 |
| 2011 | $170K | $183K | $1.0M | $201K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $291K, expenses of $371K, and assets of $896K (revenue -10.8% year-over-year).
- 2022: Revenue of $327K, expenses of $311K, and assets of $966K (revenue -30.5% year-over-year).
- 2021: Revenue of $470K, expenses of $326K, and assets of $910K (revenue +89.4% year-over-year).
- 2020: Revenue of $248K, expenses of $261K, and assets of $917K (revenue -2.1% year-over-year).
- 2019: Revenue of $253K, expenses of $248K, and assets of $920K (revenue +10.3% year-over-year).
- 2017: Revenue of $230K, expenses of $222K, and assets of $953K (revenue +306.4% year-over-year).
- 2016: Revenue of $57K, expenses of $39K, and assets of $995K (revenue -56.3% year-over-year).
- 2016: Revenue of $129K, expenses of $179K, and assets of $969K (revenue -1.1% year-over-year).
- 2015: Revenue of $131K, expenses of $181K, and assets of $972K (revenue -11.6% year-over-year).
- 2014: Revenue of $148K, expenses of $155K, and assets of $1.0M (revenue -3.0% year-over-year).
- 2013: Revenue of $153K, expenses of $143K, and assets of $1.0M (revenue +6.2% year-over-year).
- 2012: Revenue of $144K, expenses of $153K, and assets of $1.0M (revenue -15.3% year-over-year).
- 2011: Revenue of $170K, expenses of $183K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grandview Second Corporation:
Data Sources and Methodology
This transparency report for Grandview Second Corporation 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.