Nonprofit · EIN 85-3706751
GENEROUS HEART COMMUNITY DEVELOPMENT INC
Tax-exempt · NOBLESVILLE, IN 46061
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,530,704 | $6,107,516 | -$3,576,812 | $20,689,580 | $24,648,519 | -$3,958,939 |
| December 31, 2023 | 990 | $934,673 | $2,902,588 | -$1,967,915 | $19,314,081 | $21,481,943 | -$2,167,862 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $250,000
- Program service revenue
- $2,280,704
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,264,583
- Salaries, compensation and benefits (total)
- $2,463,400
- Professional fundraising fees
- $0
- Legal fees
- $73,984
- Accounting fees
- $2,100
- Occupancy
- $222,906
- Travel
- $30,150
- Depreciation
- $536,981
- Program services (functional)
- $3,558,190
- Management and general (functional)
- $2,549,326
Balance sheet and other
- Total assets, start of year
- $19,314,081
- Total assets, end of year
- $20,689,580
- Total liabilities, end of year
- $24,648,519
- Net assets, end of year
- -$3,958,939
- Land, buildings and equipment
- $18,753,065
- Gross receipts
- $2,530,704
- Employees
- 79
- Volunteers
- 5
- Year formed
- 2020
- State of legal domicile
- IN
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 |
|---|---|---|---|
| THOMAS SEARS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOSH WATSON | VICE-PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $0 |
| LORI ALT | TREASURER Trustee or director, Officer | 1 | $0 |
| MILISSA TURNER | DIRECTOR Trustee or director | 1 | $0 |
| PAUL EZEKIEL TURNER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS SEARS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOSH WATSON | VICE-PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $0 |
| LORI ALT | TREASURER Trustee or director, Officer | 1 | $0 |
| MILISSA TURNER | DIRECTOR Trustee or director | 1 | $0 |
| PAUL EZEKIEL TURNER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 924, NOBLESVILLE, IN 46061-0924
- In care of
- % ZEKE TURNER
- Mailing address (990-N for 2021)
- PO Box 924, Noblesville IN 46061
- Principal officer (990 for 2024)
- THOMAS SEARS, PO BOX 924, NOBLESVILLE, IN 46061
- Principal officer (990-N for 2021)
- Paul E Turner, PO Box 920, Cicero IN 46034
- Signed the 990
- PAUL EZEKIEL TURNER, DIRECTOR
- Phone
- (317) 582-6200
- Return prepared by
- KSM BUSINESS SERVICES INC
Mission
GENEROUS HEART COMMUNITY DEVELOPMENT INC. DEVELOPS, FACILITATES, MANAGES AND MAINTAINS AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS. SUCH AFFORDABLE HOUSING SERVICES ARE LIMITED TO THOSE INDIVIDUALS WHO QUALIFY FOR CHARITABLE AFFORDABLE HOUSING ASSISTANCE IN ACCORDANCE WITH REVENUE PROCEDURE 96-32 AND OTHER APPLICABLE HUD, FEDERAL, STATE AND LOCAL LIMITATIONS AND RESTRICTIONS WITH RESPECT TO THE PROVISION OF AFFORDABLE HOUSING TO INDIVIDUALS ON A CHARITABLE BASIS.
Program accomplishments
- GENEROUS HEART COMMUNITY DEVELOPMENT INC. DEVELOPS, FACILITATES, MANAGES AND MAINTAINS AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS WHO ARE ELDERLY, HANDICAPPED, AND/OR IMPAIRED.Expenses $3,470,247 · revenue $2,224,335
- GENEROUS HEART COMMUNITY DEVELOPMENT PROVIDES PROFESSIONAL SERVICE COORDINATION AT VARIOUS AFFORDABLE HOUSING PROJECTS TO ASSIST EACH RESIDENT IN ACCESSING SUPPORTIVE SERVICES AVAILABLE IN THE COMMUNITY. THIS AIDS RESIDENTS WITH THEIR ACTIVITIES OF DAILY LIVING, SUCH AS HOME MEDICAL CARE, TRANSPORTATION AND MEALS.Expenses $87,943 · revenue $56,369
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
- 85-3706751
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $20,689,580
- Income (IRS master file)
- $2,530,704
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,530,704 | $6,107,516 | $20,689,580 | XML |
| 990 | December 2023 | $934,673 | $2,902,588 | $19,314,081 | XML |
| 990 | December 2022 | $126,491 | $326,267 | $7,801,581 | IRS |
| 990-N for 2021 Officer: Paul E Turner | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-3706751).
Questions about GENEROUS HEART COMMUNITY DEVELOPMENT INC
- What is the EIN of GENEROUS HEART COMMUNITY DEVELOPMENT INC?
- The employer identification number (EIN) of GENEROUS HEART COMMUNITY DEVELOPMENT INC is 85-3706751.
- Is GENEROUS HEART COMMUNITY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GENEROUS HEART COMMUNITY DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENEROUS HEART COMMUNITY DEVELOPMENT 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 GENEROUS HEART COMMUNITY DEVELOPMENT 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 GENEROUS HEART COMMUNITY DEVELOPMENT 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 GENEROUS HEART COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names THOMAS SEARS.
- Who are the officers and directors of GENEROUS HEART COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GENEROUS HEART COMMUNITY DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,530,704, expenses of $6,107,516 and total assets of $20,689,580 at year end.
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All nonprofits in NOBLESVILLE · Indiana · Housing and shelter