Genesis Housing Development Corporation

Analysis

Genesis Housing Development Corporation is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Genesis Housing Development Corporation reported income of $87k and spending of $71k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $87k (-3.4%), an average of -3.4% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Genesis Housing Development Corporation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AL. Charities of a similar size with the same main cause include Stow Community Housing Corporation ($87k), Dorothy Day House of Hospitality Services ($87k) and E a Hawse Housing Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $490k against liabilities of $32k, net assets of $458k.