Regenesis Community Development Corporation

Interesting data from their 2020 990 filing

From their filing, the objective of the non-profit is stated as “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”.

When talking about its functions, they were outlined as: “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”.

• The legally reported state of operation for the non-profit is SC.
• According to the filing, the non-profit's address in 2020 is PO BOX 5701, SPARTANBURG, SC, 29304.
• The non-profit organization as of 2020 has a total of 4 employees reported on their form.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Provides credit counseling.
• Does not have foreign activities.
• Is not a donor advised fund.
• Is not a private foundation.
• Expenses are between $250,000 and $500,000.
• Revenue is between $100,000 and $250,000.
• Revenue less expenses is -$65,042.
• The CEO's compensation within the organization is not based on a review and approval by an independent party.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 5 independent voting members.
• The organization was formed in 2001.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule O.
• The organization pays $93,120 in salary, compensation, and benefits to its employees.
• The organization pays $3,023 in fundraising expenses.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.