Grant Pierce Housing Inc
Grant Pierce Housing Inc. shows volatile financial performance with recent deficits but no officer compensation.
EIN: 202666431 · New Bedford, MA · NTEE: P73 · Updated: 2026-03-28
Is Grant Pierce Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grant Pierce Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grant Pierce Housing Inc
Grant Pierce Housing Inc (EIN: 202666431) is a nonprofit organization based in New Bedford, MA, classified under NTEE code P73. The organization reported total revenue of $270K and total assets of $949K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grant Pierce Housing 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 Grant Pierce Housing Inc with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, Grant Pierce Housing Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Grant Pierce Housing Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Grant Pierce Housing Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($76,340, as expenses of $290,250 exceeded revenue of $213,910).
- Highly volatile revenue and expense history, making financial planning and stability uncertain.
- Substantial decrease in assets from over $6 million in 2014-2015 to $933,830 in 2023 without clear explanation.
Strengths
The following positive indicators were identified for Grant Pierce Housing Inc:
- Consistently reports 0% officer compensation, indicating strong governance regarding executive pay.
- No reported liabilities in recent years (2017-2023), suggesting financial solvency.
- Maintains a significant asset base ($933,830 in 2023) despite recent deficits.
Frequently Asked Questions about Grant Pierce Housing Inc
Is Grant Pierce Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grant Pierce Housing Inc (EIN: 202666431) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Grant Pierce Housing Inc spend its money?
Grant Pierce Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grant Pierce Housing Inc tax-deductible?
Grant Pierce Housing Inc is registered as a tax-exempt nonprofit (EIN: 202666431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant revenue and asset fluctuations, particularly the drop from $6 million in assets in 2014-2015 to under $1 million in 2023?
The provided data does not specify the reasons for these fluctuations. Further investigation into the organization's financial statements would be needed to understand the underlying causes of these significant changes in revenue and assets.
How does Grant Pierce Housing Inc. cover its operating deficits, such as the $76,340 deficit in 2023?
The organization would likely cover deficits through accumulated reserves, drawing down assets, or securing future funding. The consistent reporting of zero liabilities in recent years suggests they are not relying on debt, but the specific mechanism for covering deficits is not detailed in the provided data.
What are the specific program activities and their associated costs?
The provided IRS 990 summary data does not break down expenses into specific program activities. A detailed review of the full IRS 990 form would be necessary to understand the allocation of funds to different housing programs.
Filing History
IRS 990 filing history for Grant Pierce Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grant Pierce Housing Inc's revenue has declined by 81%, moving from $1.1M to $214K. Total assets decreased by 86.9% over the same period, from $7.1M to $934K. Total functional expenses fell by 74.9%, from $1.2M to $290K. In its most recent filing year (2023), Grant Pierce Housing Inc reported a deficit of $76K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $290K | $934K | $0 | — | View 990 |
| 2022 | $83K | $15K | $224K | $0 | — | View 990 |
| 2021 | $204K | $157K | $360K | $0 | — | View 990 |
| 2020 | $188K | $137K | $981K | $0 | — | View 990 |
| 2019 | $102K | $78K | $151K | $0 | — | View 990 |
| 2018 | $737K | $544K | $596K | $0 | — | View 990 |
| 2017 | $280K | $215K | $391K | $0 | — | View 990 |
| 2016 | $3.0M | $758K | $3.8M | $215K | — | View 990 |
| 2015 | $1.2M | $1.3M | $6.1M | $4.7M | — | View 990 |
| 2014 | $1.1M | $1.4M | $6.3M | $4.8M | — | View 990 |
| 2013 | $1.1M | $1.5M | $6.5M | $4.8M | — | View 990 |
| 2012 | $1.2M | $1.2M | $7.0M | $4.9M | — | View 990 |
| 2011 | $1.1M | $1.2M | $7.1M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $290K, and assets of $934K (revenue +158.5% year-over-year).
- 2022: Revenue of $83K, expenses of $15K, and assets of $224K (revenue -59.4% year-over-year).
- 2021: Revenue of $204K, expenses of $157K, and assets of $360K (revenue +8.6% year-over-year).
- 2020: Revenue of $188K, expenses of $137K, and assets of $981K (revenue +84.6% year-over-year).
- 2019: Revenue of $102K, expenses of $78K, and assets of $151K (revenue -86.2% year-over-year).
- 2018: Revenue of $737K, expenses of $544K, and assets of $596K (revenue +163.3% year-over-year).
- 2017: Revenue of $280K, expenses of $215K, and assets of $391K (revenue -90.6% year-over-year).
- 2016: Revenue of $3.0M, expenses of $758K, and assets of $3.8M (revenue +154.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $6.1M (revenue +1.4% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.4M, and assets of $6.3M (revenue +2.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.5M, and assets of $6.5M (revenue -4.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $7.0M (revenue +4.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $7.1M.
Data Sources and Methodology
This transparency report for Grant Pierce Housing 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.