Genesis Housing Development Corporation
EIN: 472194244 · Dothan, AL · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $71K |
| Net Assets | $458K |
Is Genesis Housing Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Genesis Housing Development Corporation
Genesis Housing Development Corporation (EIN: 472194244) is a nonprofit organization based in Dothan, AL, classified under NTEE code L20. The organization reported total revenue of $89K and total assets of $495K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Housing Development Corporation is a micro nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $71K |
| Surplus / Deficit | +$16K |
| Total Assets | $490K |
| Total Liabilities | $32K |
| Net Assets | $458K |
| Operating Margin | 18.8% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 83.2 months |
Financial Health Grade: A
In 2023, Genesis Housing Development Corporation reported a surplus of $16K with revenue exceeding expenses, holds 83.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Genesis Housing Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | -10.4% | +0.0% |
| 2022 | +3.0% | +55.6% | +0.0% |
| 2021 | -5.4% | -31.9% | +16.0% |
| 2020 | +33.7% | +14.5% | -0.1% |
| 2019 | -1.3% | -7.6% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Genesis Housing Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Genesis Housing Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.6%.
Frequently Asked Questions about Genesis Housing Development Corporation
Is Genesis Housing Development Corporation a legitimate charity?
Genesis Housing Development Corporation (EIN: 472194244) is a registered tax-exempt nonprofit based in Alabama. It has 9 years of IRS 990 filings on record. Total revenue: $89K. No red flags identified. Financial health grade: A.
How does Genesis Housing Development Corporation spend its money?
Genesis Housing Development Corporation reported $89K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Genesis Housing Development Corporation tax-deductible?
Genesis Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 472194244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Genesis Housing Development Corporation located?
Genesis Housing Development Corporation is headquartered in Dothan, Alabama and files with the IRS under EIN 472194244. It is classified under NTEE code L20.
How many years of IRS 990 filings does Genesis Housing Development Corporation have?
Genesis Housing Development Corporation has 9 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 $89K in total revenue.
Filing History
IRS 990 filing history for Genesis Housing Development Corporation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Genesis Housing Development Corporation's revenue has declined by 26.1%, moving from $118K to $87K. Total assets increased by 3.6% over the same period, from $473K to $490K. Total functional expenses fell by 62.4%, from $188K to $71K. In its most recent filing year (2023), Genesis Housing Development Corporation reported a surplus of $16K, with revenue exceeding expenses. The organization holds $32K in liabilities against $490K in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $458K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $71K | $490K | $32K | — | View 990 |
| 2022 | $90K | $79K | $490K | $49K | — | — |
| 2021 | $87K | $51K | $490K | $60K | — | — |
| 2020 | $92K | $74K | $422K | $28K | — | View 990 |
| 2019 | $69K | $65K | $423K | $47K | — | View 990 |
| 2018 | $70K | $70K | $423K | $55K | — | View 990 |
| 2017 | $89K | $92K | $423K | $44K | — | View 990 |
| 2016 | $111K | $113K | $471K | $48K | — | View 990 |
| 2015 | $118K | $188K | $473K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $71K, and assets of $490K (revenue -3.4% year-over-year).
- 2022: Revenue of $90K, expenses of $79K, and assets of $490K (revenue +3.0% year-over-year).
- 2021: Revenue of $87K, expenses of $51K, and assets of $490K (revenue -5.4% year-over-year).
- 2020: Revenue of $92K, expenses of $74K, and assets of $422K (revenue +33.7% year-over-year).
- 2019: Revenue of $69K, expenses of $65K, and assets of $423K (revenue -1.3% year-over-year).
- 2018: Revenue of $70K, expenses of $70K, and assets of $423K (revenue -21.6% year-over-year).
- 2017: Revenue of $89K, expenses of $92K, and assets of $423K (revenue -19.4% year-over-year).
- 2016: Revenue of $111K, expenses of $113K, and assets of $471K (revenue -5.8% year-over-year).
- 2015: Revenue of $118K, expenses of $188K, and assets of $473K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Housing Development Corporation:
Data Sources and Methodology
This transparency report for Genesis Housing Development Corporation 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.