Overview
What is Genesis Properties Inc?
Genesis Properties Inc, located in Spartanburg, South Carolina, is a nonprofit organization that offers facilities to another charitable organization. This partner organization specializes in providing psychosocial rehabilitation services to mentally disabled adults, aiming to enhance their overall well-being and independence. Genesis Properties Inc contributes to this mission by offering suitable premises for this noble cause, thereby promoting the betterment of mentally challenged adults in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Genesis Properties Inc has achieved a strong rating of 94%, indicating a high level of accountability and financial health. This score is entirely based on its Accountability & Finance metrics, which reflect the organization's commitment to responsible management of its resources. A Four-Star rating signifies that they meet the highest standards for fiscal transparency and governance.
The organization showcases an impressive independent board composition, with 100% of its members being independent, and maintains a strong conflict of interest policy. Additionally, Genesis Properties Inc has demonstrated no material diversion of assets, which is crucial for maintaining trust with donors and stakeholders. Their financial management is further evidenced by a perfect program expense ratio of 100%, indicating that all of their expenses are directed toward their mission-related programs.
While the rating highlights significant strengths in governance and financial practices, it does not provide qualitative insights into the impact of their programs or services. Potential donors may seek additional information on the outcomes of the organization’s initiatives to fully evaluate its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Genesis Properties Inc legitimate?
Genesis Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Properties Inc 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:
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For more financial information, click here
What is the mission statement of Genesis Properties Inc?
Genesis Properties Inc serves as a facilitator, providing resources for a non-profit organization dedicated to assisting mentally disabled adults. The primary focus of this non-profit organization is to deliver psychosocial rehabilitation services. Genesis Properties Inc's mission aligns with this goal, aiming to support an organization that improves the lives of mentally disabled adults by providing them with necessary facilities. This collaboration aims to enhance the well-being of those in need, fostering a more inclusive and supportive community for mentally disabled adults.
Who is the CEO of Genesis Properties Inc?
Andrew Turner is the Secretary of Genesis Properties Inc.
What is the revenue of Genesis Properties Inc?
Genesis Properties Inc's revenue in 2023 was $0.
Who are the executives of Genesis Properties Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Genesis Properties Inc?
Genesis Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Genesis Properties Inc
Genesis Properties Inc plays a vital role in supporting a non-profit organization dedicated to serving mentally disabled adults. This mission of the associated non-profit organization is to provide psychosocial rehabilitation services, aiming to enhance the lives and well-being of these individuals. Genesis Properties Inc contributes to this mission by offering facilities to this non-profit organization, thereby enabling it to carry out its crucial work effectively. By providing these necessary facilities, Genesis Properties Inc contributes significantly to the overall goal of improving the quality of life for mentally disabled adults, allowing them to access essential services and live with dignity and independence.
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Impact
October, 2024
Genesis Properties Inc plays a vital role in supporting the mental health community by providing essential facilities for organizations dedicated to serving mentally disabled adults. By offering the necessary infrastructure, Genesis Properties Inc ensures that these organizations can deliver psychosocial rehabilitation services effectively. Located in Spartanburg, South Carolina, their commitment to creating a supportive environment fosters independence and enhances the quality of life for individuals facing mental health challenges. This impact extends beyond housing, as it helps create opportunities for rehabilitation, social integration, and overall well-being in the community.
This information is meant to be a general summary of Genesis Properties Inc. 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.
Assets and Liabilities:
- Total Assets: $870,537
- Total Liabilities: $0
- Net Assets: $870,537
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Organization Details
Founding Year
1990
Phone
(864) 582-7110Principal Officer
Andrew Turner
Main Address
PO BOX 1869, SPARTANBURG, SC, 29304
NTEE Category
Code: L00 - Housing
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