2025-10-12T11:39:07-07:00 2024-12-31 570957419 The Hobbs Group PA 1704 Laurel Street Columbia SC 29201 990 2024-01-01 205473974 Genesis Homes Inc GENE 8647358083 PO Box 5839 Greenville SC 29606 Alex McNair Executive Dir. 2025-10-10 true true Will Stevens CPA P01208094 8037990555 2024 2025-03-06 01:10:19Z Alex McNair PO Box 5839 Greenville SC 29606 1184112 false X https://www.genesishomessc.org/about_us X 2006 SC GENESIS HOMES SEEKS TO FACILITATE NEIGHBORHOOD REVITALIZATION EFFORTS IN LOW TO MODERATE INCOME AREAS IN THE UPSTATE OF SOUTH CAROLINA THROUGH DEVELOPMENT OF AFFORDABLE HOUSING(HOME OWNERSHIP AND RENTAL), COMMUNITY DEVELOPMENT, PUBLIC/PRIVATE PARTNERSHIPS AND EMPOWERMNT ACTIVITIES. 13 11 6 0 7046 2650 803730 1130321 26973 51141 1020 0 838769 1184112 0 0 95640 172497 0 0 682595 856130 778235 1028627 60534 155485 14113783 14541261 11315071 11587064 2798712 2954197 GENESIS HOMES SEEKS TO FACILITATE NEIGHBORHOOD REVITALIZATION EFFORTS IN LOW TO MODERATE INCOME AREAS IN THE UPSTATE OF SOUTH CAROLINA THROUGH DEVELOPMENT OF AFFORDABLE HOUSING(HOME OWNERSHIP AND RENTAL), COMMUNITY DEVELOPMENT, PUBLIC/PRIVATE PARTNERSHIPS AND EMPOWERMNT ACTIVITIES. false false 960934 1130321 GENESIS HOMES SEEKS TO FACILITATE NEIGHBORHOOD REVITALIZATION EFFORTS IN LOW TO MODERATE INCOME AREAS IN THE UPSTATE OF SOUTH CAROLINA THROUGH DEVELOPMENT OF AFFORDABLE HOUSING(HOME OWNERSHIP AND RENTAL), COMMUNITY DEVELOPMENT, PUBLIC/PRIVATE PARTNERSHIPS AND EMPOWERMNT ACTIVITIES. 960934 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true X 11 0 true 6 true false false false false false false false 0 false false false false false false false X 13 11 false false false false false false false true true false false true true true true false true false false false SC X X Sandy Brown 8649793975 133 Winding River Drive Anderson SC 29625 Tom Whitted Executive Dir. 40.00 0.00 X 48000 0 0 Alex McNair Executive Dir. 40.00 0.00 X 10000 0 0 Leif Busby Board Member 1.00 0.00 X 0 0 0 Will Childers Board Member 1.00 0.00 X 0 0 0 Alana Bell Secretary 1.00 0.00 X X 0 0 0 Sallie Gold Board Member 1.00 0.00 X 0 0 0 Libba King Board Member 1.00 0.00 X 0 0 0 Sandy Brown Treasurer 1.00 0.00 X X 0 0 0 Jayne McCall Board Member 1.00 0.00 X 0 0 0 Dejr Bostick Board Member 1.00 0.00 X 0 0 0 Adele Ryan Board Member 1.00 0.00 X 0 0 0 Gaye Sprague Chair 1.00 0.00 X X 0 0 0 Traci Brookie Board Member 1.00 0.00 X 0 0 0 Donna Coleman Vice Chair 1.00 0.00 X X 0 0 0 Karla Elrod Board Member 1.00 0.00 X 0 0 0 58000 0 false false false 0 2650 2650 Amortization of Forgivabl 490030 490030 Rental Income 640291 640291 1130321 51141 51141 0 0 0 0 0 0 0 0 1184112 1181462 0 0 0 0 58000 49300 8700 0 102238 86902 15336 0 0 12259 10420 1839 0 0 0 0 0 0 20724 2600 18124 0 4584 4584 1521 1521 0 0 0 0 0 88086 88086 0 457112 457112 43620 36141 7479 Rental Management 125489 125489 Management Fees 56195 56195 Repairs and Maintenance 48689 48689 Education, Meals and Entertain 8137 8137 1973 1973 1028627 960934 67693 0 1130689 418781 0 364133 0 0 0 0 0 0 0 15701670 2308672 12580996 13392998 729482 0 0 0 37965 0 14113783 14541261 391912 14322 10906635 11550701 16524 22041 11315071 11587064 X 2798712 2954197 2798712 2954197 14113783 14541261 155485 X false true X true true true X 512146 34383 97585 7046 2650 653810 0 0 512146 34383 97585 7046 2650 653810 0 653810 275 401 1774 26973 51141 80564 0 -3575 500 1020 -2055 732319 3565991 0.89280 0.97540 X 1238294 1238294 14450997 2302028 12148969 12379 6644 5735 13392998 Deferred/Restricted Income 11256 Tenant Security deposits and emergency f 10785 22041 X 1184112 1184112 1184112 1028627 1028627 1028627 Part X : FIN48 Footnote The organization has received a determination letter from the Internal Revenue Service (IRS) indicating it is a tax-exempt Organization under section 501(c)(3) of the Internal Revenue Code and is subject to federal income tax only on unrelated business income. Management is not aware of any transactions which would jeopardize their tax-exempt status.Accounting principles generally accepted in the United States of America requires management to evaluate tax positions taken by the Organization and to recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the Organization and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) of disclosure in the financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. U.S. state jurisdictions have statues of limitations that generally range from three to five years. Form 990, Part VI, Section B, Line 11b THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN GIVEN TO THE CHAIRMAN OF THE BOARD FOR APPROVAL. IT WAS THEN REVIEWED AND APPROVED BY THE ENTIRE BOARD. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS ARE RESPONSIBLE FOR MAKING CONFLICT OF INTERESTS KNOWN AND RECUSING THEMSELVES FROM ANY DISCUSSION AND/OR VOTE WHEN A POTENTIAL CONFLICT EXISTS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part V, Line 1c - Reportable Payments The organization had no reportable payments to a vendor requiring compliance with backup withholding rules, nor did they provide any reportable gaming, gambling, or winnings to a prize winner.