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Green Planet Company

EIN 82-5066584 · Guilford, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair61 out of 100GovernanceFair65 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO ADDRESS THE AFFORDABLE HOUSING CRISIS IN THE STATE OF CONNECTICUT.

Income
$-1.6 million
Spending
$70,757
Spent on programs
72%
Reserves
41.1 months of spending
Employees
1
Volunteers
6
Highest pay
$27,401, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 61 out of 100. Higher than 67% of charities in its peer group (housing, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 41.1 months of spending.

  • Debt

    2 of 20

    It owes 85% of what it owns.

  • Income trend

    0 of 15

    Income fell 233% on the year before.

  • Spending floor

    15 of 15

    72% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 65 out of 100. Higher than 37% of charities in its peer group (housing, under $250k).

  • Independent board

    25 of 25

    6 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $50,812 spent. DURING 2019 WE WERE ABLE COMPLETE THE PURCHASE OF THE 15 ACRE PROPERTY AT 376 STATE STREET, GUILFORD CT.DURING 2020, WE SUB-DIVIDED THE 15 ACRE PROPERTY AT 376 STATE STREET INTO 4 LOTS. THE EXISTING HOUSE PLUS 3 ACRES OF LAND WERE ON ONE LOT AND WAS SOLD DURING 2020 RESULTING IN A PARTIAL RE-PAYMENT OF THE ACQUISITION LOAN. WORK ON TWO LOTS (ONE 1 ACRE AND ONE 1.5 ACRES) WAS STARTED IN NOVEMBER, 2020 AS STAND ALONE AFFORDABLE HOMEOWNERSHIP HOMES. A SPECIAL PERMIT FROM THE TOWN OF GUILFORD PLANNING AND ZONING COMMISSION WAS GRANTED IN APRIL, 2020 FOR AN 7 UNIT COTTAGE COMMUNITY ON THE REMAINING 9.5 ACRE LOT. DURING 2021, WORK ON THE FIRST 2 HOMES (PHASE 1) OF A 9 HOME AFFORDABLE HOMEOWNERSHIP PROJECT WAS COMPLETED AND THE HOMES WERE SOLD IN 2022. WORK ON THE REMAINING 7 HOMES (PHASE 2) COMMENCED IN JUNE 2022. BY YEARS END, THE 7 HOME CONDOMINIUM PROJECT WAS 40% COMPLETE. AS OF THE END OF 2023 WORK ON THE 7 UNIT CONDOMINIUM WAS SUBSTANTIALLY COMPLETE, WITH THE EXCEPTION OF LANDSCAPING, AND ALL THE HOMES WERE UNDER CONTRACT. ALL HOMES EXCEPT ONE WERE SOLD AND OCCUPIED BY END OF YEAR 2024.FOR THE PERIOD FROM BEGINNING OF DEVELOPMENT THROUGH DECEMBER 31, 2024, WE HAVE SPENT A TOTAL OF APPROXIMATLEY $5,700,000 ON CONSTRUCTION AND DEVELOPMENT WORK. THESE COSTS INCLUDED THE DEVELOPMENT OF THE PROPERTY AT 376 STATE STREET, GUILFORD CT AND VARIOUS COSTS RELATED TO SURVEYS, ARCHITECTURAL, ENGINEERING, ENVIRONMENTAL, AND CONSTRUCTION.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.