Genesis Housing Development Corporation
- Assets
- $489.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dothan, AL
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-2194244
Organization Overview
Genesis Housing Development Corporation is located in Dothan, AL. The organization was established in 2015. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Genesis Housing Development Corporation generated $87.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $70.6k during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INCREASE THE QUALITY OF LIFE FOR LOW AND MODERATE INCOME INDIVIDIUALS AND FAMILIES THROUGH THE ELIMINATION OF NEIGHBORHOOD BLIGHT AND INCREASE THE SUPPLY OF AFFORDABLE HOUSING OF ALL TYPES IN TEH CITY OF DOTHAN, ALABAMA AND HOUSTON COUNTY, ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Crawford President | 0 | $0 | |
Susan Verkandt Secretary | 0 | $0 | |
David C Jamison VP / Treasur | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $86,969 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,969 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $39,381 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,257 |
| Total expenses | $70,638 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $489,856 |
| Total liabilities | $32,179 |
| Net assets or fund balances | $457,677 |