Genesis Corporation is a 501(c)(3) not for profit public benefit Corporation working to assist in the revitalization of moderate to low income communities through real estate development and management, public space maintenance and community engagement and promotion.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $41K a year · 53% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$103K
+36% vs prior year
Spent
$39K
To programs
100%
Net assets
$595K
By yearFY2020–FY2025
Revenue
$103K
FY2024▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2020$47K
FY2021$103K
FY2022$86K
FY2023$76K
FY2024$103K
FY2025$45K
Expenses
$39K
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$35K
FY2021$33K
FY2022$38K
FY2023$33K
FY2024$39K
FY2025$37K
Net assets
$595K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$371K
FY2021$441K
FY2022$489K
FY2023$531K
FY2024$595K
FY2025$603K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $39K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Genesis Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Revitalizes communities through real estate development, public space upkeep, and engagement.

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Provided by the organization

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1 program · $39K · in their own filed words · FY2024
01

Genesis corporation acquired church property located at 614 6TH street, pitcairn, pa 15140 on september 8, 2016 for a 1.00 deed transfer. The property was the home of first reformed church of pitcairn since 1913. Membership had been declining for years and the church was up for complete closure.

$39Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$103K
Ln 12
Other incomeLn 4–11$67K
Gifts and grantsLn 1h$35K
Money outPt IX
$39K
Ln 25
Programscol B$39K
Owns and owesPt X
$595K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$606K
LiabilitiesLn 26$12K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Other incomeLn 4–11$67K
Total revenueLn 12$103K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$262K
Other assetsLn 15$328K
Total assetsLn 16$606K
LiabilitiesLn 26$12K
Net assetsLn 32$595K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3K$17K
Land, buildings, equipmentLn 10c$279K$262K
Total assetsLn 16$543K$606K
LiabilitiesLn 26$12K$12K
Net assetsLn 32$531K$595K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
OccupancyLn 16$6K$6K
InterestLn 20$327$327
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$10K$10K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$39K$39K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $45K$37K$8K$603K 990 PDF
FY2024 Viewing $103K$39K$64K$595K 990 PDF
FY2023 $76K$33K$43K$531K 990 PDF
FY2022 $86K$38K$48K$489K 990 PDF
FY2021 $103K$33K$70K$441K 990 PDF
FY2020 $47K$35K$12K$371K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $102,766 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $73,622$35,425
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $2,008$67,341
I-12 Total revenuePrior year $75,630$102,766
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,974$39,095
I-18 Total expensesPrior year $32,974$39,095
I-19 Revenue less expensesPrior year $42,656$63,671
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $102,766 across 4 lines filed
VIII-1f All other contributions, gifts and grants$35,425
VIII-1h Total contributions, gifts and grants$35,425
VIII-8 Net income from fundraising events$67,341
VIII-12 Total revenue$102,766
Part IX · Statement of functional expenses $39,095 across 7 lines filed
IX-11c Accounting feesPrograms $3,350$3,350
IX-16 OccupancyPrograms $6,015$6,015
IX-20 InterestPrograms $327$327
IX-22 Depreciation, depletion and amortizationPrograms $16,540$16,540
IX-23 InsurancePrograms $1,231$1,231
IX-24 Other expenses (24a–d)Programs $9,505$9,505
IX-24e All other expensesPrograms $2,127$2,127
IX-25 Total functional expensesPrograms $39,095 · Management $0 · Fundraising $0$39,095
Part X · Balance sheet $606,492 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,137$16,560
X-10c Land, buildings and equipment, netStart of year $278,630$262,089
X-15 Other assetsStart of year $261,363$327,843
X-16 Total assetsStart of year $543,130$606,492
X-25 Other liabilitiesStart of year $11,945$11,636
X-26 Total liabilitiesStart of year $11,945$11,636
X-27 Net assets without donor restrictionsStart of year $531,185$594,856
X-32 Total net assets or fund balancesStart of year $531,185$594,856
X-33 Total liabilities and net assetsStart of year $543,130$606,492
Part XI · Reconciliation of net assets $594,856 net assets at year end
XI-1 Total revenue$102,766
XI-2 Total expenses$39,095
XI-3 Revenue less expenses$63,671
XI-4 Net assets at start of year$531,185
XI-10 Net assets at end of year$594,856

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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