Overview
What is Genesis Community Development Corp?
Genesis Community Development Corp is a nonprofit organization situated in Jackson, Tennessee. Their primary mission is to enhance the physical, economic, or social environment of West Tennessee, specifically addressing critical issues in the area, with a focus on assisting low or moderate-income individuals. They accomplish this by channeling funding from the City Community Development Program to local organizations, such as Boys & Girls Club and Southwest Community Development Program, to drive improvements in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Genesis Community Development Corp has received a Three-Star rating from Charity Navigator, reflecting a solid performance in Accountability & Finance with a score of 79%. This rating indicates a commitment to transparency and responsible financial management, which is vital for maintaining donor trust and support.
The organization showcases several strengths, notably a fully independent board with 100% of its members meeting the independence criteria. It also has no reported material diversion of assets, indicating a high level of integrity in managing its resources. Additionally, they have established essential policies relating to conflict of interest, whistleblower protections, and document retention, further enhancing their operational accountability.
However, the organization faced some challenges reflected in its liabilities to assets ratio, which scored 0 out of 15 points. This aspect may suggest potential concerns regarding financial sustainability and risk management. Overall, while Genesis Community Development Corp demonstrates a robust framework for accountability, it may need to address certain financial metrics to strengthen its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Genesis Community Development Corp legitimate?
Genesis Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Community Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Genesis Community Development Corp?
Genesis Community Development Corp's mission is to enhance the physical, economic, or social environment of West Tennessee. They aim to address critical issues in the area, with a special focus on the needs of low-income residents. The organization acts as a conduit to provide community assistance, channeling funds from the city's Community Development Program to local organizations such as the Boys & Girls Club and the Southwest Community Development Program, thereby contributing to the betterment of the community.
Who is the CEO of Genesis Community Development Corp?
Mark Reid is the President of Genesis Community Development Corp.
What is the revenue of Genesis Community Development Corp?
Genesis Community Development Corp's revenue in 2023 was $44,995.
Who are the executives of Genesis Community Development Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Genesis Community Development Corp?
Genesis Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Genesis Community Development Corp
Genesis Community Development Corp is a nonprofit organization with a mission to enhance the physical, economic, or social environment of West Tennessee. This mission is accomplished by addressing critical issues in the area, with a particular focus on the needs of low-income individuals. The corporation serves as a conduit, providing community assistance through the City Community Development Program. It channels funds to local organizations such as the Boys & Girls Club and the Southwest Community Development Program, contributing to the betterment of the community as a whole. By addressing these needs, Genesis Community Development Corp aims to improve the quality of life for its residents, ensuring a more equitable and prosperous community for all.
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Impact
August, 2024
Genesis Community Development Corp is increasing access to critical resources for low and moderate-income individuals in West Tennessee. By actively partnering with local organizations, they are providing vital support and funding to initiatives that address pressing community needs. Their focus on housing and economic development is making a tangible impact on enhancing the physical, economic, and social environment of the region, particularly in Jackson, Tennessee. Genesis Community Development Corp is a critical conduit for channeling resources to programs that directly benefit the local community, making a difference in the lives of those most in need.
This information is meant to be a general summary of Genesis Community Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $44,995
Assets and Liabilities:
- Total Assets: $348,938
- Total Liabilities: $333,493
- Net Assets: $15,445
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Organization Details
Founding Year
2006
Phone
(731) 422-1671Principal Officer
Mark Reid
Main Address
PO BOX 3188, JACKSON, TN, 38303
NTEE Category
Code: L122 - Housing
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