Quick charity verification for Genesis Homes Inc (EIN: 205473974)
Verdict: Genesis Homes Inc appears trustworthy
85/100Mission Score
$1.2MRevenue
$14.5MAssets
1Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $1.5M in 2020 to $11.3M in 2023 without detailed explanation in provided data.
Strengths
Consistent revenue exceeding expenses, indicating financial stability (e.g., $838,769 revenue vs $778,235 expenses in 2023).
Strong asset growth, nearly doubling from $7.3M in 2020 to $14.1M in 2023, suggesting capacity building.
0% reported officer compensation across all filings, indicating high efficiency in leadership costs.
Positive net assets trend over multiple years.
Spending Breakdown
How Genesis Homes Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Genesis Homes Inc
Is Genesis Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Genesis Homes Inc (EIN: 205473974) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Genesis Homes Inc a good charity to donate to?
Genesis Homes Inc has a Mission Score of 85/100. Revenue: $1.2M. Assets: $14.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Genesis Homes Inc?
The Employer Identification Number (EIN) for Genesis Homes Inc is 205473974. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Genesis Homes Inc spend its money?
Genesis Homes Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Genesis Homes Inc's tax-exempt status?
You can verify Genesis Homes Inc's tax-exempt status using EIN 205473974 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Genesis Homes Inc demonstrates consistent financial growth and a strong asset base, indicating a stable organization. Over the past five years, assets have grown significantly from $7,393,132 in 2020 to $14,113,783 in 2023, nearly doubling. This growth is supported by revenues that generally exceed expenses, as seen in 2023 where revenue was $838,769 against expenses of $778,235, resulting in a surplus. The organization's NTEE code L20 (Housing Development, Construction & Management) aligns with its mission, and the accumulation of assets suggests investment in its core activities, likely property development or management.
The organization appears to be financially healthy with a positive trend in net assets. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. However, the consistent surpluses and asset growth point to effective financial management and a focus on building organizational capacity. The increasing liabilities, from $1,558,123 in 2020 to $11,315,071 in 2023, warrant closer examination to understand their nature (e.g., mortgages for housing projects) and ensure they are manageable relative to assets and revenue.