Nonprofit · EIN 20-5473974
GENESIS HOMES INC
Tax-exempt · GREENVILLE, SC 29601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,184,112 | $1,028,627 | $155,485 | $14,541,261 | $11,587,064 | $2,954,197 |
| December 31, 2023 | 990 | $838,769 | $778,235 | $60,534 | $14,113,783 | $11,315,071 | $2,798,712 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,650
- Program service revenue
- $1,130,321
- Investment income
- $51,141
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $58,000
- Other salaries and wages
- $102,238
- Salaries, compensation and benefits (total)
- $172,497
- Professional fundraising fees
- $0
- Depreciation
- $457,112
- Program services (functional)
- $960,934
- Management and general (functional)
- $67,693
Balance sheet and other
- Total assets, start of year
- $14,113,783
- Total assets, end of year
- $14,541,261
- Total liabilities, end of year
- $11,587,064
- Net assets, end of year
- $2,954,197
- Land, buildings and equipment
- $13,392,998
- Publicly traded securities
- $729,482
- Net assets without donor restrictions
- $2,954,197
- Gross receipts
- $1,184,112
- Employees
- 6
- Year formed
- 2006
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tom Whitted | Executive Dir. Officer | 40 | $48,000 |
| Alex McNair | Executive Dir. Officer | 40 | $10,000 |
| Leif Busby | Board Member Trustee or director | 1 | $0 |
| Will Childers | Board Member Trustee or director | 1 | $0 |
| Alana Bell | Secretary Trustee or director, Officer | 1 | $0 |
| Sallie Gold | Board Member Trustee or director | 1 | $0 |
| Libba King | Board Member Trustee or director | 1 | $0 |
| Sandy Brown | Treasurer Trustee or director, Officer | 1 | $0 |
| Jayne McCall | Board Member Trustee or director | 1 | $0 |
| Dejr Bostick | Board Member Trustee or director | 1 | $0 |
| Adele Ryan | Board Member Trustee or director | 1 | $0 |
| Gaye Sprague | Chair Trustee or director, Officer | 1 | $0 |
| Traci Brookie | Board Member Trustee or director | 1 | $0 |
| Donna Coleman | Vice Chair Trustee or director, Officer | 1 | $0 |
| Karla Elrod | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tom Whitted | CEO Officer | 40 | $48,000 |
| Leif Busby | Board Member Trustee or director | 1 | $0 |
| Mamie Watkins | Board Member Trustee or director | 1 | $0 |
| Will Childers | Board Member Trustee or director | 1 | $0 |
| Alana Bell | Secretary Trustee or director, Officer | 1 | $0 |
| Yvonne Duckett | Board Member Trustee or director | 1 | $0 |
| Austin Goforth | Board Member Trustee or director | 1 | $0 |
| Sallie Gold | Board Member Trustee or director | 1 | $0 |
| Lacy Grimm | Board Member Trustee or director | 1 | $0 |
| Sandy Brown | Treasurer Trustee or director, Officer | 1 | $0 |
| Hayes Holliday | Board Member Trustee or director | 1 | $0 |
| Rick Joye | Board Member Trustee or director | 1 | $0 |
| Sylvia Palmer | Board Member Trustee or director | 1 | $0 |
| Dejr Bostick | Board Member Trustee or director | 1 | $0 |
| Adele Ryan | Board Member Trustee or director | 1 | $0 |
| Frank Smith | Board Member Trustee or director | 1 | $0 |
| Gaye Sprague | Chair Trustee or director, Officer | 1 | $0 |
| Traci Brookie | Board Member Trustee or director | 1 | $0 |
| Baxter Wynn | Board Member Trustee or director | 1 | $0 |
| Donna Coleman | Board Member Trustee or director | 1 | $0 |
| Karla Elrod | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 311 PETTIGRU ST, GREENVILLE, SC 29601-3112
- In care of
- % TOM WHITTED
- Principal officer (990 for 2024)
- Alex McNair, PO Box 5839, Greenville, SC 29606
- Signed the 990
- Alex McNair, Executive Dir.
- Phone
- (864) 735-8083
- Return prepared by
- The Hobbs Group PA
Mission
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.
Program accomplishments
- 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.Expenses $960,934 · revenue $1,130,321
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5473974
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $14,541,261
- Income (IRS master file)
- $1,184,112
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,184,112 | $1,028,627 | $14,541,261 | XML |
| 990 | December 2023 | $838,769 | $778,235 | $14,113,783 | XML |
| 990 | December 2022 | $731,817 | $669,690 | $10,521,720 | IRS |
| 990 | December 2021 | $634,287 | $611,527 | $8,742,813 | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5473974).
Questions about GENESIS HOMES INC
- What is the EIN of GENESIS HOMES INC?
- The employer identification number (EIN) of GENESIS HOMES INC is 20-5473974.
- Is GENESIS HOMES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to GENESIS HOMES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENESIS HOMES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GENESIS HOMES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GENESIS HOMES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GENESIS HOMES INC?
- The 990 for the year ended December 31, 2024 names Alex McNair.
- Who are the officers and directors of GENESIS HOMES INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 2 received compensation from the organization, the highest $48,000 (Tom Whitted, Executive Dir.).
- How much revenue does GENESIS HOMES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,184,112, expenses of $1,028,627 and total assets of $14,541,261 at year end.
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All nonprofits in GREENVILLE · South Carolina · Housing and shelter