The Gerry Homes
The Gerry Homes maintains stable operations with consistent revenue and expenses, reporting 0% officer compensation.
EIN: 160755780 · Gerry, NY · NTEE: P750 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.7M |
| Total Expenses | $33.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $37.7M |
| Transparency Score | 80/100 |
Is The Gerry Homes Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Gerry Homes directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Gerry Homes
The Gerry Homes (EIN: 160755780) is a nonprofit organization based in Gerry, NY, classified under NTEE code P750. The organization reported total revenue of $33.7M and total assets of $76.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Gerry Homes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Gerry Homes is a large nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30.7M |
| Total Expenses | $33.5M |
| Surplus / Deficit | $-2,785,666 |
| Total Assets | $76.0M |
| Total Liabilities | $38.3M |
| Net Assets | $37.7M |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 50.4% |
| Months of Reserves | 27.2 months |
Financial Health Grade: C
In 2023, The Gerry Homes reported a deficit of $2.8M with expenses exceeding revenue, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 50.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Gerry Homes's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.8% | +3.8% | +0.5% |
| 2022 | +3.7% | -4.1% | -10.7% |
| 2021 | -7.5% | -5.4% | -0.1% |
| 2020 | +2.8% | +0.3% | +0.5% |
| 2019 | +6.2% | +7.9% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 The Gerry Homes with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Gerry Homes 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 deficit of $2.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.4%.
Executive Compensation Analysis
The Gerry Homes consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size with annual revenues exceeding $30 million. This suggests either that executive compensation is extremely low, or that it is categorized differently within the financial statements, requiring further scrutiny to understand the full compensation structure for key management.
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 The Gerry Homes's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further investigation into executive pay structures.
Strengths
The following positive indicators were identified for The Gerry Homes:
- Stable financial operations with consistent annual revenues and assets over a decade.
- Clear mission focus as indicated by NTEE code P750 (Nursing Homes).
- Consistent IRS 990 filing history, indicating good compliance.
- Significant asset base ($75.9M in 2023) providing financial stability.
Frequently Asked Questions about The Gerry Homes
Is The Gerry Homes a legitimate charity?
The Gerry Homes (EIN: 160755780) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $33.7M. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does The Gerry Homes spend its money?
The Gerry Homes directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Gerry Homes tax-deductible?
The Gerry Homes is registered as a tax-exempt nonprofit (EIN: 160755780). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Gerry Homes CEO make?
The Gerry Homes's highest-compensated officer earns $30 annually. The organization reported $33.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Gerry Homes's spending goes to programs?
The Gerry Homes directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Gerry Homes compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), The Gerry Homes is above average for NTEE category P750 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Gerry Homes located?
The Gerry Homes is headquartered in Gerry, New York and files with the IRS under EIN 160755780. It is classified under NTEE code P750.
How many years of IRS 990 filings does The Gerry Homes have?
The Gerry Homes 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 $33.7M in total revenue.
How does The Gerry Homes manage to report 0% officer compensation given its significant operational scale?
The consistent reporting of 0% officer compensation on all available 990 filings for an organization with over $30 million in annual revenue is highly unusual. This could mean that key management personnel are compensated through other means not classified as 'officer compensation' on the 990, or that the organization relies heavily on volunteer leadership, or that compensation is indeed very low. Further investigation into the organization's detailed compensation schedules would be necessary to understand this.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown. To fully assess spending efficiency, it would be crucial to examine the organization's Form 990, Part IX, Statement of Functional Expenses, which delineates how total expenses are allocated among program services, management and general, and fundraising.
Has the organization experienced any significant financial challenges due to periods where expenses exceeded revenue?
Yes, The Gerry Homes has experienced periods where expenses exceeded revenue, such as in 2023 ($33.5M expenses vs. $30.7M revenue) and 2021 ($33.7M expenses vs. $32.1M revenue). While these deficits are notable, the organization's stable asset base (around $75 million in recent years) suggests it has sufficient reserves to absorb these fluctuations without immediate financial distress.
Filing History
IRS 990 filing history for The Gerry Homes showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Gerry Homes's revenue has grown by 17.1%, moving from $26.2M to $30.7M. Total assets increased by 30.2% over the same period, from $58.4M to $76.0M. Total functional expenses rose by 24.7%, from $26.9M to $33.5M. In its most recent filing year (2023), The Gerry Homes reported a deficit of $2.8M, with expenses exceeding revenue. The organization holds $38.3M in liabilities against $76.0M in assets (debt-to-asset ratio: 50.4%), resulting in net assets of $37.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30.7M | $33.5M | $76.0M | $38.3M | — | — |
| 2022 | $33.3M | $32.3M | $75.6M | $37.7M | — | View 990 |
| 2021 | $32.1M | $33.7M | $84.7M | $38.5M | — | View 990 |
| 2020 | $34.7M | $35.6M | $84.8M | $41.4M | — | View 990 |
| 2019 | $33.8M | $35.5M | $84.3M | $43.6M | — | View 990 |
| 2018 | $31.8M | $32.9M | $74.3M | $36.6M | — | View 990 |
| 2017 | $30.8M | $32.1M | $76.8M | $33.8M | — | View 990 |
| 2016 | $29.6M | $26.5M | $67.8M | $26.8M | — | View 990 |
| 2015 | $30.4M | $27.3M | $64.1M | $24.9M | — | View 990 |
| 2014 | $27.6M | $26.0M | $64.3M | $26.2M | — | View 990 |
| 2013 | $27.0M | $25.4M | $65.7M | $29.2M | — | View 990 |
| 2012 | $26.0M | $26.0M | $61.5M | $29.2M | — | View 990 |
| 2011 | $26.2M | $26.9M | $58.4M | $27.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.7M, expenses of $33.5M, and assets of $76.0M (revenue -7.8% year-over-year).
- 2022: Revenue of $33.3M, expenses of $32.3M, and assets of $75.6M (revenue +3.7% year-over-year).
- 2021: Revenue of $32.1M, expenses of $33.7M, and assets of $84.7M (revenue -7.5% year-over-year).
- 2020: Revenue of $34.7M, expenses of $35.6M, and assets of $84.8M (revenue +2.8% year-over-year).
- 2019: Revenue of $33.8M, expenses of $35.5M, and assets of $84.3M (revenue +6.2% year-over-year).
- 2018: Revenue of $31.8M, expenses of $32.9M, and assets of $74.3M (revenue +3.5% year-over-year).
- 2017: Revenue of $30.8M, expenses of $32.1M, and assets of $76.8M (revenue +3.9% year-over-year).
- 2016: Revenue of $29.6M, expenses of $26.5M, and assets of $67.8M (revenue -2.7% year-over-year).
- 2015: Revenue of $30.4M, expenses of $27.3M, and assets of $64.1M (revenue +10.1% year-over-year).
- 2014: Revenue of $27.6M, expenses of $26.0M, and assets of $64.3M (revenue +2.3% year-over-year).
- 2013: Revenue of $27.0M, expenses of $25.4M, and assets of $65.7M (revenue +3.8% year-over-year).
- 2012: Revenue of $26.0M, expenses of $26.0M, and assets of $61.5M (revenue -0.8% year-over-year).
- 2011: Revenue of $26.2M, expenses of $26.9M, and assets of $58.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Gerry Homes:
Data Sources and Methodology
This transparency report for The Gerry Homes 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.