Greystone Programs Inc
Greystone Programs Inc shows consistent revenue growth and stable financial management with reported 0% officer compensation.
EIN: 141608318 · Hopewell Jct, NY · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.3M |
| Total Expenses | $24.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $25.3 |
| Net Assets | $7.1M |
| Transparency Score | 75/100 |
Is Greystone Programs Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greystone Programs Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greystone Programs Inc
Greystone Programs Inc (EIN: 141608318) is a nonprofit organization based in Hopewell Jct, NY, classified under NTEE code P820. The organization reported total revenue of $28.3M and total assets of $16.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greystone Programs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greystone Programs Inc is a large nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.3M |
| Total Expenses | $24.7M |
| Surplus / Deficit | +$642K |
| Total Assets | $15.8M |
| Total Liabilities | $8.7M |
| Net Assets | $7.1M |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 55.2% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, Greystone Programs Inc reported a surplus of $642K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 55.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greystone Programs Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | -7.8% | +9.6% |
| 2022 | +17.4% | +27.4% | +10.8% |
| 2021 | +12.3% | +3.0% | -2.3% |
| 2020 | +14.7% | +11.5% | +35.9% |
| 2019 | +5.0% | +4.2% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Greystone Programs 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Greystone Programs 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $642K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.2%.
Executive Compensation Analysis
The consistent reporting of 0% for officer compensation across all available filings is highly unusual for an organization of Greystone Programs Inc's size and revenue ($25.3 million in 2023). This suggests that executive compensation may be categorized differently or not reported under this specific line item, which could be a transparency concern.
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 Greystone Programs Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and revenue, potentially obscuring executive pay details.
- Lack of detailed functional expense breakdown in the provided data makes it difficult to fully assess spending efficiency across programs, administration, and fundraising.
Strengths
The following positive indicators were identified for Greystone Programs Inc:
- Consistent revenue growth over the past decade, from $14.7 million in 2014 to $25.3 million in 2023, indicating strong financial sustainability.
- Stable financial management, generally operating at or near break-even, avoiding significant deficits.
- Steady increase in assets, reaching $15.8 million in 2023, demonstrating prudent resource accumulation.
- Consistent filing of IRS Form 990s over 13 periods, indicating a commitment to regulatory compliance.
Frequently Asked Questions about Greystone Programs Inc
Is Greystone Programs Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greystone Programs Inc (EIN: 141608318) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Greystone Programs Inc spend its money?
Greystone Programs Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greystone Programs Inc tax-deductible?
Greystone Programs Inc is registered as a tax-exempt nonprofit (EIN: 141608318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greystone Programs Inc CEO make?
Greystone Programs Inc's highest-compensated officer earns $25.3 annually. The organization reported $28.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greystone Programs Inc's spending goes to programs?
Greystone Programs Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greystone Programs Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greystone Programs Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greystone Programs Inc located?
Greystone Programs Inc is headquartered in Hopewell Jct, New York and files with the IRS under EIN 141608318. It is classified under NTEE code P820.
How many years of IRS 990 filings does Greystone Programs Inc have?
Greystone Programs Inc 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 $28.3M in total revenue.
How is executive compensation structured and reported, given the consistent 0% officer compensation in filings?
The IRS 990 filings consistently show 0% for officer compensation. This is an unusual reporting practice for an organization with over $25 million in annual revenue and warrants further inquiry to understand how the organization's leadership is compensated and where these expenses are reported within their financial statements.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed functional expense breakdown from the IRS 990, it's difficult to precisely determine the percentages allocated to programs, administration, and fundraising. The provided data only offers total expenses, not their distribution.
What are the specific programs and services provided by Greystone Programs Inc?
The NTEE code P820 indicates the organization is involved in 'Residential Care & Adult Day Programs for People with Disabilities'. This suggests their primary mission is to provide support and care for individuals with disabilities, likely through residential services and day programs.
Filing History
IRS 990 filing history for Greystone Programs Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greystone Programs Inc's revenue has grown by 90.7%, moving from $13.3M to $25.3M. Total assets increased by 42% over the same period, from $11.2M to $15.8M. Total functional expenses rose by 84.6%, from $13.4M to $24.7M. In its most recent filing year (2023), Greystone Programs Inc reported a surplus of $642K, with revenue exceeding expenses. The organization holds $8.7M in liabilities against $15.8M in assets (debt-to-asset ratio: 55.2%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.3M | $24.7M | $15.8M | $8.7M | — | — |
| 2022 | $26.7M | $26.8M | $14.5M | $8.0M | — | View 990 |
| 2021 | $22.8M | $21.0M | $13.0M | $6.4M | — | View 990 |
| 2020 | $20.3M | $20.4M | $13.3M | $8.5M | — | — |
| 2019 | $17.7M | $18.3M | $9.8M | $4.8M | — | View 990 |
| 2018 | $16.8M | $17.5M | $9.2M | $3.6M | — | View 990 |
| 2017 | $16.4M | $17.0M | $9.7M | $3.4M | — | View 990 |
| 2016 | $16.1M | $15.4M | $10.5M | $3.6M | — | View 990 |
| 2015 | $14.8M | $14.1M | $9.6M | $3.4M | — | View 990 |
| 2014 | $14.7M | $14.8M | $9.1M | $3.6M | — | View 990 |
| 2013 | $14.5M | $14.5M | $10.8M | $5.2M | — | View 990 |
| 2012 | $14.0M | $13.9M | $10.5M | $5.7M | — | View 990 |
| 2011 | $13.3M | $13.4M | $11.2M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.3M, expenses of $24.7M, and assets of $15.8M (revenue -5.3% year-over-year).
- 2022: Revenue of $26.7M, expenses of $26.8M, and assets of $14.5M (revenue +17.4% year-over-year).
- 2021: Revenue of $22.8M, expenses of $21.0M, and assets of $13.0M (revenue +12.3% year-over-year).
- 2020: Revenue of $20.3M, expenses of $20.4M, and assets of $13.3M (revenue +14.7% year-over-year).
- 2019: Revenue of $17.7M, expenses of $18.3M, and assets of $9.8M (revenue +5.0% year-over-year).
- 2018: Revenue of $16.8M, expenses of $17.5M, and assets of $9.2M (revenue +2.9% year-over-year).
- 2017: Revenue of $16.4M, expenses of $17.0M, and assets of $9.7M (revenue +1.6% year-over-year).
- 2016: Revenue of $16.1M, expenses of $15.4M, and assets of $10.5M (revenue +8.9% year-over-year).
- 2015: Revenue of $14.8M, expenses of $14.1M, and assets of $9.6M (revenue +0.5% year-over-year).
- 2014: Revenue of $14.7M, expenses of $14.8M, and assets of $9.1M (revenue +1.2% year-over-year).
- 2013: Revenue of $14.5M, expenses of $14.5M, and assets of $10.8M (revenue +3.8% year-over-year).
- 2012: Revenue of $14.0M, expenses of $13.9M, and assets of $10.5M (revenue +5.6% year-over-year).
- 2011: Revenue of $13.3M, expenses of $13.4M, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greystone Programs Inc:
Data Sources and Methodology
This transparency report for Greystone Programs 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.