Greektown Neighborhood Partnership
Greektown Neighborhood Partnership experiences massive revenue and asset growth in 2023 with no reported officer compensation.
EIN: 203221715 · Detroit, MI · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $973K |
| Total Expenses | $661K |
| Program Spending | 80% |
| Net Assets | $10.2M |
| Transparency Score | 85/100 |
Is Greektown Neighborhood Partnership Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greektown Neighborhood Partnership directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greektown Neighborhood Partnership
Greektown Neighborhood Partnership (EIN: 203221715) is a nonprofit organization based in Detroit, MI, classified under NTEE code A80. The organization reported total revenue of $973K and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greektown Neighborhood Partnership's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greektown Neighborhood Partnership is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 56.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $661K |
| Surplus / Deficit | +$10.0M |
| Total Assets | $10.3M |
| Total Liabilities | $36K |
| Net Assets | $10.2M |
| Operating Margin | 93.8% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 186.3 months |
Financial Health Grade: A
In 2023, Greektown Neighborhood Partnership reported a surplus of $10.0M with revenue exceeding expenses, holds 186.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Greektown Neighborhood Partnership's revenue has grown at a compound annual growth rate (CAGR) of 56.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3333.7% | +30.1% | +4806.4% |
| 2022 | +18.8% | +64.9% | -44.5% |
| 2021 | +29.0% | +106.9% | -11.0% |
| 2020 | -65.4% | -43.6% | +7.4% |
| 2019 | +15.0% | -50.6% | +521.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 Greektown Neighborhood Partnership 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Greektown Neighborhood Partnership 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization of its size and recent financial scale.
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 Greektown Neighborhood Partnership's IRS 990 filings:
- Extreme volatility in revenue and assets across years, making consistent financial planning and analysis challenging.
- Lack of reported officer compensation for an organization with over $10 million in revenue could indicate an unusual operational model or potential for hidden compensation through other means.
Strengths
The following positive indicators were identified for Greektown Neighborhood Partnership:
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
- Significant growth in revenue and assets in the latest filing (202312), demonstrating strong fundraising or grant acquisition capabilities.
- Accumulation of substantial assets ($10,264,443 in 2023) provides a strong financial foundation for future initiatives.
Frequently Asked Questions about Greektown Neighborhood Partnership
Is Greektown Neighborhood Partnership a legitimate charity?
Based on AI analysis of IRS 990 filings, Greektown Neighborhood Partnership (EIN: 203221715) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Greektown Neighborhood Partnership spend its money?
Greektown Neighborhood Partnership directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greektown Neighborhood Partnership tax-deductible?
Greektown Neighborhood Partnership is registered as a tax-exempt nonprofit (EIN: 203221715). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greektown Neighborhood Partnership's spending goes to programs?
Greektown Neighborhood Partnership directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greektown Neighborhood Partnership compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Greektown Neighborhood Partnership is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greektown Neighborhood Partnership located?
Greektown Neighborhood Partnership is headquartered in Detroit, Michigan and files with the IRS under EIN 203221715. It is classified under NTEE code A80.
How many years of IRS 990 filings does Greektown Neighborhood Partnership have?
Greektown Neighborhood Partnership has 12 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 $973K in total revenue.
What caused the dramatic increase in revenue and assets from 2022 to 2023?
The IRS 990 data shows revenue increased from $309,819 in 2022 to $10,638,344 in 2023, and assets grew from $209,207 to $10,264,443. This significant change likely indicates a major grant, capital campaign, or a new large-scale project.
How does Greektown Neighborhood Partnership manage to operate without officer compensation?
The filings consistently report 0% officer compensation. This could mean that executive functions are performed by volunteers, compensated through a related entity, or that the organization's structure does not include paid officers in the traditional sense.
What is the long-term plan for the substantial assets accumulated in 2023?
With assets growing to over $10.2 million in 2023, understanding the strategic use of these funds for future programs, endowments, or capital projects is crucial for assessing long-term impact and sustainability.
Filing History
IRS 990 filing history for Greektown Neighborhood Partnership showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Greektown Neighborhood Partnership's revenue has grown by 13202.6%, moving from $80K to $10.6M. Total assets increased by 18440.9% over the same period, from $55K to $10.3M. Total functional expenses rose by 595.1%, from $95K to $661K. In its most recent filing year (2023), Greektown Neighborhood Partnership reported a surplus of $10.0M, with revenue exceeding expenses. The organization holds $36K in liabilities against $10.3M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $661K | $10.3M | $36K | — | — |
| 2022 | $310K | $508K | $209K | $6K | — | — |
| 2021 | $261K | $308K | $377K | $6K | — | View 990 |
| 2020 | $202K | $149K | $423K | $6K | — | — |
| 2019 | $584K | $264K | $394K | $30K | — | View 990 |
| 2018 | $508K | $535K | $63K | $1K | — | View 990 |
| 2017 | $119K | $113K | $102K | $13K | — | — |
| 2016 | $138K | $126K | $89K | $6K | — | View 990 |
| 2015 | $205K | $181K | $70K | $0 | — | View 990 |
| 2014 | $90K | $98K | $46K | $0 | — | View 990 |
| 2013 | $93K | $81K | $70K | $0 | — | View 990 |
| 2012 | $80K | $95K | $55K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $661K, and assets of $10.3M (revenue +3333.7% year-over-year).
- 2022: Revenue of $310K, expenses of $508K, and assets of $209K (revenue +18.8% year-over-year).
- 2021: Revenue of $261K, expenses of $308K, and assets of $377K (revenue +29.0% year-over-year).
- 2020: Revenue of $202K, expenses of $149K, and assets of $423K (revenue -65.4% year-over-year).
- 2019: Revenue of $584K, expenses of $264K, and assets of $394K (revenue +15.0% year-over-year).
- 2018: Revenue of $508K, expenses of $535K, and assets of $63K (revenue +327.2% year-over-year).
- 2017: Revenue of $119K, expenses of $113K, and assets of $102K (revenue -14.2% year-over-year).
- 2016: Revenue of $138K, expenses of $126K, and assets of $89K (revenue -32.5% year-over-year).
- 2015: Revenue of $205K, expenses of $181K, and assets of $70K (revenue +127.2% year-over-year).
- 2014: Revenue of $90K, expenses of $98K, and assets of $46K (revenue -2.6% year-over-year).
- 2013: Revenue of $93K, expenses of $81K, and assets of $70K (revenue +15.9% year-over-year).
- 2012: Revenue of $80K, expenses of $95K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greektown Neighborhood Partnership:
Data Sources and Methodology
This transparency report for Greektown Neighborhood Partnership 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.