Gsbc Community Development Corp
Gsbc Community Development Corp maintains stable operations with growing assets and no reported executive compensation.
EIN: 203496884 · Birmingham, AL · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $444K |
| Total Expenses | $380K |
| Program Spending | 90% |
| Net Assets | $33K |
| Transparency Score | 85/100 |
Is Gsbc Community Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gsbc Community Development Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gsbc Community Development Corp
Gsbc Community Development Corp (EIN: 203496884) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T30. The organization reported total revenue of $444K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gsbc Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gsbc Community Development Corp is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $376K |
| Total Expenses | $380K |
| Surplus / Deficit | $-4,183 |
| Total Assets | $133K |
| Total Liabilities | $100K |
| Net Assets | $33K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 75.3% |
| Months of Reserves | 4.2 months |
Financial Health Grade: C
In 2021, Gsbc Community Development Corp reported a deficit of $4K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 75.3% (high leverage).
Financial Trends
Over 10 years of filings (2012–2021), Gsbc Community Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +10.2% | +17.1% | +58.8% |
| 2020 | -49.8% | -50.6% | +150.9% |
| 2019 | +21.2% | +19.7% | +82.5% |
| 2018 | -24.9% | -28.9% | -22.8% |
| 2017 | +0.7% | +4.2% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Gsbc Community Development Corp 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Gsbc Community Development Corp allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 75.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all ten filings, suggesting either a volunteer-led executive team or compensation being categorized differently, which is a strong indicator of resources being directed away from executive salaries.
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 Gsbc Community Development Corp's IRS 990 filings:
- Latest expenses ($379,911) slightly exceeded revenue ($375,728), indicating a minor deficit for the period 202112.
Strengths
The following positive indicators were identified for Gsbc Community Development Corp:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
- Significant growth in assets from $0 in 2016 to $202,737 currently, enhancing financial stability.
- Long operational history with 10 years of IRS 990 filings, demonstrating sustained commitment.
- Expenses generally align closely with revenue, suggesting responsible financial management.
Frequently Asked Questions about Gsbc Community Development Corp
Is Gsbc Community Development Corp a legitimate charity?
Gsbc Community Development Corp (EIN: 203496884) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $444K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Gsbc Community Development Corp spend its money?
Gsbc Community Development Corp directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gsbc Community Development Corp tax-deductible?
Gsbc Community Development Corp is registered as a tax-exempt nonprofit (EIN: 203496884). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gsbc Community Development Corp's spending goes to programs?
Gsbc Community Development Corp directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gsbc Community Development Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gsbc Community Development Corp is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gsbc Community Development Corp located?
Gsbc Community Development Corp is headquartered in Birmingham, Alabama and files with the IRS under EIN 203496884. It is classified under NTEE code T30.
How many years of IRS 990 filings does Gsbc Community Development Corp have?
Gsbc Community Development Corp has 10 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 $444K in total revenue.
Is Gsbc Community Development Corp a good charity?
Based on the provided data, Gsbc Community Development Corp appears to be a good charity. It has a long operational history, consistent revenue, growing assets, and notably reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, particularly in asset accumulation. Assets grew from $0 in 2016 to $202,737 currently, indicating increased financial capacity and stability. Revenue and expenses have fluctuated but remained largely balanced.
What is the trend in revenue and expenses?
Revenue and expenses have shown fluctuations over the decade, with peaks around $700k-$770k in 2015-2017, and more recently around $300k-$400k. Generally, expenses have closely tracked revenue, with minor surpluses or deficits in most years, indicating a lean operational model.
Filing History
IRS 990 filing history for Gsbc Community Development Corp showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Gsbc Community Development Corp's revenue has declined by 34.7%, moving from $576K to $376K. Total assets increased by 16% over the same period, from $115K to $133K. Total functional expenses fell by 35.4%, from $588K to $380K. In its most recent filing year (2021), Gsbc Community Development Corp reported a deficit of $4K, with expenses exceeding revenue. The organization holds $100K in liabilities against $133K in assets (debt-to-asset ratio: 75.3%), resulting in net assets of $33K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $376K | $380K | $133K | $100K | — | — |
| 2020 | $341K | $325K | $84K | $47K | — | View 990 |
| 2019 | $680K | $657K | $33K | $14K | — | View 990 |
| 2018 | $561K | $549K | $18K | $21K | — | View 990 |
| 2017 | $747K | $772K | $24K | $39K | — | View 990 |
| 2016 | $742K | $741K | $0 | $0 | — | View 990 |
| 2015 | $773K | $787K | $0 | $0 | — | View 990 |
| 2014 | $713K | $694K | $0 | $0 | — | View 990 |
| 2013 | $594K | $597K | $5K | $1K | — | View 990 |
| 2012 | $576K | $588K | $115K | $108K | — | — |
Year-by-Year Financial Summary
- 2021: Revenue of $376K, expenses of $380K, and assets of $133K (revenue +10.2% year-over-year).
- 2020: Revenue of $341K, expenses of $325K, and assets of $84K (revenue -49.8% year-over-year).
- 2019: Revenue of $680K, expenses of $657K, and assets of $33K (revenue +21.2% year-over-year).
- 2018: Revenue of $561K, expenses of $549K, and assets of $18K (revenue -24.9% year-over-year).
- 2017: Revenue of $747K, expenses of $772K, and assets of $24K (revenue +0.7% year-over-year).
- 2016: Revenue of $742K, expenses of $741K, and assets of $0 (revenue -4.1% year-over-year).
- 2015: Revenue of $773K, expenses of $787K, and assets of $0 (revenue +8.5% year-over-year).
- 2014: Revenue of $713K, expenses of $694K, and assets of $0 (revenue +20.0% year-over-year).
- 2013: Revenue of $594K, expenses of $597K, and assets of $5K (revenue +3.1% year-over-year).
- 2012: Revenue of $576K, expenses of $588K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gsbc Community Development Corp:
Data Sources and Methodology
This transparency report for Gsbc Community Development Corp 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.