Genesis Homes Inc (EIN 205473974) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Alex McNair

Phone

8647358083

Tax Period

2024-01-01 to 2024-12-31

Genesis Homes Inc, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 13% surplus.

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.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,650

Program Service Revenue $1,130,321

Investment Income $51,141

Other Revenue $0

TOTAL REVENUE $1,184,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,497

Fundraising Expenses $0

Program Expenses $960,934

Other Expenses $856,130

TOTAL EXPENSES $1,028,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,184,112	$838,769	+0.4%
Expenses	$1,028,627	$778,235	+0.3%
Net Income	$155,485	$60,534	+1.6%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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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

$58,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Whitted	Executive Dir.	40.00	Officer	$48,000	$0	$48,000
Alex McNair	Executive Dir.	40.00	Officer	$10,000	$0	$10,000
Leif Busby	Board Member	1.00	Director	$0	$0	$0
Will Childers	Board Member	1.00	Director	$0	$0	$0
Alana Bell	Secretary	1.00	Officer Director	$0	$0	$0
Sallie Gold	Board Member	1.00	Director	$0	$0	$0
Libba King	Board Member	1.00	Director	$0	$0	$0
Sandy Brown	Treasurer	1.00	Officer Director	$0	$0	$0
Jayne McCall	Board Member	1.00	Director	$0	$0	$0
Dejr Bostick	Board Member	1.00	Director	$0	$0	$0
Adele Ryan	Board Member	1.00	Director	$0	$0	$0
Gaye Sprague	Chair	1.00	Officer Director	$0	$0	$0
Traci Brookie	Board Member	1.00	Director	$0	$0	$0
Donna Coleman	Vice Chair	1.00	Officer Director	$0	$0	$0
Karla Elrod	Board Member	1.00	Director	$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	$1,184,112	$1,028,627	$14,541,261	$155,485
2023	$838,769	$778,235	$14,113,783	$60,534
2022	$731,817	$669,690	$10,521,720	$62,127
2021	$634,287	$611,527	$8,742,813	$22,760
2020	$898,438	$582,527	$7,393,132	$315,911
2019	$800,180	$591,935	$7,085,136	$208,245

Genesis Homes Inc