REGENESIS COMMUNITY DEVELOPMENT CORPORATION (EIN 200726974) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

HAROLD MITCHELL

Phone

8645043090

Tax Period

2023-01-01 to 2023-12-31

REGENESIS COMMUNITY DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $106K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $158K exceeded revenue, resulting in a 49% operating deficit.

Mission

THIS CORPORATION IS ORGANIZED AS A NON-PROFIT ORGANIZATION WHICH WILL OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES; INCLUDING BUT NOT LIMITED TO DIRECTLY AND INDIRECTLY, TO DEVELOP, OWN, MANAGE, BUY AND SELL AFFORDABLE HOUSING IN AND AROUND THE CITY OF SPARTANBURG. A. TO IMPROVE COMMUNITIES IN AND AROUND THE CITY OF SPARTANBURG BY PROVIDING SAFE AND AFFORDABLE HOUSING AND A SUITABLE LIVING ENVIRONMENT, PRINCIPALLY FOR PERSONS OF LOW TO VERY LOW INCOMES. B. TO CONDUCT AND SUPPORT ACTIVITIES THAT WILL EXPAND AND PROMOTE ECONOMIC OPPORTUNITIES, COMMUNITY DEVELOPMENT AND COMMUNITY REVITALIZATION, PRINCIPALLY FOR PERSONS OF LOW TO VERY LOW INCOMES. C. TO COMBAT COMMUNITY DETERIORATION THROUGH RESIDENTIAL DEVELOPMENT AND REVITALIZATION, COMMERCIAL DEVELOPMENT AND REVITALIZATION, ECONOMIC DEVELOPMENT, AND HISTORIC PRESERVATION. D. TO SUPPORT CONDUCT SUCH OTHER AND FURTHER ACTIVITIES THAT MAY PROMOTE HOUSING, ECONOMIC DEVELOPMENT, NEIGHBORHOOD REVITALIZATION, HISTORIC PRESERVATION, AND COMMUNIT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,010

Program Service Revenue $79,049

Investment Income $2,027

Other Revenue $0

TOTAL REVENUE $106,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,104

Fundraising Expenses $1,708

Program Expenses $144,772

Other Expenses $91,479

TOTAL EXPENSES $157,583

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,086	$69,771	+0.5%
Expenses	$157,583	$159,439	0.0%
Net Income	$-51,497	$-89,668	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILLER CUNNINGHAM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CRYSTAL HOLMES	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
ELIZABETH MITCHELL	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMMY SPANN	PAST CHAIRMA	2.00	Director	$0	$0	$0
RODMAN TULLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
HAROLD MITCHELL	EXECUTIVE DI	16.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$106,086	$157,583	$1,821,217	$-51,497
2022	$69,771	$159,439	$1,856,980	$-89,668
2021	$59,372	$120,200	$1,906,767	$-60,828
2020	$42,323	$86,988	$1,918,333	$-44,665
2019	$152,202	$174,551	$1,957,499	$-22,349
2018	$138,107	$203,149	$1,901,895	$-65,042

REGENESIS COMMUNITY DEVELOPMENT CORPORATION