Civic Intelligence

Regenesis Community Development

EIN 20-0726974 • 501(c)3 • Spartanburg, SC

Profile

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

PO Box 5701Spartanburg, SC 29304

www.rcdc.us

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.74x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

9.72x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-9.1%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-3.1%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

81st percentile

38%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$1,744,970

Down $76,247 (-4.2%) from 2023

Liabilities

Up

$1,298,460

Up $9,782 (+0.8%) from 2023

Net Assets

Down

$446,510

Down $86,029 (-16%) from 2023

Revenue

Up

$133,543

Up $27,457 (+26%) from 2023

Expenses

Down

$145,633

Down $11,950 (-7.6%) from 2023

Net Income

Up

-$12,090

Up $39,407 (+77%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $1,966,663Liabilities 2010: $71,209Net Assets 2010: $1,895,4542010Assets 2011: $1,976,639Liabilities 2011: $85,768Net Assets 2011: $1,890,8712011Assets 2012: $1,867,465Liabilities 2012: $179,710Net Assets 2012: $1,687,7552012Assets 2013: $1,805,133Liabilities 2013: $199,655Net Assets 2013: $1,605,4782013Assets 2014: $1,961,905Liabilities 2014: $511,026Net Assets 2014: $1,450,8792014Assets 2015: $2,120,864Liabilities 2015: $905,987Net Assets 2015: $1,214,8772015Assets 2016: $2,132,052Liabilities 2016: $1,080,650Net Assets 2016: $1,051,4022016Assets 2017: $1,932,179Liabilities 2017: $1,025,367Net Assets 2017: $906,8122017Assets 2018: $1,901,895Liabilities 2018: $1,015,647Net Assets 2018: $886,2482018Assets 2019: $1,957,499Liabilities 2019: $1,148,241Net Assets 2019: $809,2582019Assets 2020: $1,918,333Liabilities 2020: $1,183,801Net Assets 2020: $734,5322020Assets 2021: $1,906,767Liabilities 2021: $1,233,063Net Assets 2021: $673,7042021Assets 2022: $1,856,980Liabilities 2022: $1,272,944Net Assets 2022: $584,0362022Assets 2023: $1,821,217Liabilities 2023: $1,288,678Net Assets 2023: $532,5392023Assets 2024: $1,744,970Liabilities 2024: $1,298,460Net Assets 2024: $446,5102024

Highlighted filing

2024

Assets$1,744,970
Liabilities$1,298,460
Net Assets$446,510

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2010: $281,8242010Expenses 2011: $375,1742011Expenses 2012: $527,1852012Revenue 2013: $278,306Expenses 2013: $360,583Net Income 2013: -$82,2772013Revenue 2014: $181,908Expenses 2014: $336,507Net Income 2014: -$154,5992014Revenue 2015: $276,083Expenses 2015: $512,085Net Income 2015: -$236,0022015Revenue 2016: $123,333Expenses 2016: $286,808Net Income 2016: -$163,4752016Revenue 2017: $114,385Expenses 2017: $258,975Net Income 2017: -$144,5902017Revenue 2018: $138,107Expenses 2018: $203,149Net Income 2018: -$65,0422018Revenue 2019: $152,202Expenses 2019: $174,551Net Income 2019: -$22,3492019Revenue 2020: $42,323Expenses 2020: $86,988Net Income 2020: -$44,6652020Revenue 2021: $59,372Expenses 2021: $120,200Net Income 2021: -$60,8282021Revenue 2022: $69,771Expenses 2022: $159,439Net Income 2022: -$89,6682022Revenue 2023: $106,086Expenses 2023: $157,583Net Income 2023: -$51,4972023Revenue 2024: $133,543Expenses 2024: $145,633Net Income 2024: -$12,0902024

Highlighted filing

2024

Revenue$133,543
Expenses$145,633
Net Income-$12,090

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$1.30$0.45$0.13$0.15$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.82$1.29$0.53$0.11$0.16$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.86$1.27$0.58$0.07$0.16$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.91$1.23$0.67$0.06$0.12$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.92$1.18$0.73$0.04$0.09$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.96$1.15$0.81$0.15$0.17$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.90$1.02$0.89$0.14$0.20$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.93$1.03$0.91$0.11$0.26$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.13$1.08$1.05$0.12$0.29$0.16
2015Summary only. Only limited summary data is available for this year.$2.12$0.91$1.21$0.28$0.51$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.96$0.51$1.45$0.18$0.34$0.15
2013Summary only. Only limited summary data is available for this year.$1.81$0.20$1.61$0.28$0.36$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.18$1.69$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.09$1.89$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.07$1.90$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$133,543
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$651,819$650,591▼ $1,228
Inventories for Sale or Use$617,775$543,837▼ $73,938
Land, Buildings, and Equipment, Net$516,368$499,490▼ $16,878
Cash and Non-Interest-Bearing Accounts$33,005$48,802▲ $15,797
Prepaid Expenses and Deferred Charges$2,250$2,250→ $0
Total Assets$1,821,217$1,744,970▼ $76,247
Liabilities
Mortgage Notes Payable Secured by Investment Property$536,238$532,448▼ $3,790
Other Liabilities$393,015$403,660▲ $10,645
Escrow Account Liability$286,626$290,071▲ $3,445
Accounts Payable and Accrued Expenses$72,799$72,281▼ $518
Total Liabilities$1,288,678$1,298,460▲ $9,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$532,539$446,510▼ $86,029
Total Net Assets Fund Balance$532,539$446,510▼ $86,029
Total Liabilities and Net Assets / Fund Balance$1,821,217$1,744,970▼ $76,247

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$436,290$226,500$662,790
Land$63,200-$63,200
Equipment-$19,358$19,358
Compensation and Service Providers

Board Members and Trustees

NameTitle
Miller CunninghamChairman
Tammy SpannPast Chairma
Chris WilliamsBoard Member
Elizabeth MitchellBoard Member
Harold MitchellExecutive Di
Crystal HolmesSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$37,858
Program Service Revenue
$93,750
Investment Income
$1,935
Other Revenue
$0
All Other Contributions
$37,858
Change in Net Assets
$-12,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,442
Salaries, Compensation, and Employee Benefits$61,191
Total Fundraising Expense$1,565
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$52,312$1,652$1,101$55,065
Depreciation Depletion$16,878--$16,878
Occupancy$9,920$2,232$248$12,400
Fees for Services Accounting$5,371$5,371-$10,742
Insurance$8,239--$8,239
Fees for Services Other$7,978--$7,978
Payroll Taxes$5,819$184$123$6,126
Office Expenses$1,841$1,841-$3,682
Interest$500--$500
Advertising$330--$330
Other Expenses$107$627$93$107
All Other Expenses$61--$61
Total Functional Expenses$131,322$12,746$1,565$145,633
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rents Due to Others$276,091
Loan Repayable for Forest Park Devel$81,162
Property Sales Liability$32,014
Deposits Held$10,145
Current Portion of Debt$4,248
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board chairman or executive director will sign the return. There is no formal review process.

Form 990, Page 6, Part VI, Line 12C

The members of the board and employees are required to read the conflict of interest policy and disclose any potential conflicts and sign the form at least annually. In addition they are required to excuse themselves from any discussion and voting on items where there might be a conflict of interest.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available for public inspection upon request at the organization's physical location.

Filing and Contact Details

Filer

Filer Name
Regenesis Community Development
EIN
20-0726974
Phone
8645043090
Address
PO BOX 5701, SPARTANBURG, SC 29304

Signing Officer

Name
Harold Mitchell
Title
Executive Director
Phone
8645043090
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold Mitchell
Formed
2001
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
Elliott & Painter Llp
Address
390 E HENRY ST STE 203, SPARTANBURG, SC 29302
Preparer
Tammy M Grice CPA
Phone
8645831476
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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 community development. E. To provide decent housing that is affordable to low and moderate income people. F. To exercise all the rights and powers, conferred upon non-profit corporations by the state of south carolina consistent with the corporate purpose and limitations of the state and federal law and the laws of the grant.

Form 990, Part XI, Line 9

Remove properties given up in 2019 -73,939

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization, as part of its mission, provides mortgages and lease purchase arrangements for affordable housing. Escrows are established for carrying costs such as property taxes and insurance and for closing costs assistance on lease purchases.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/AgentTrusteeEtcInd0false
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0226500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0662790
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019358
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019358
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt063200
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt310145
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENTS DUE TO OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN REPAYABLE FOR FOREST PARK DEVEL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PROPERTY SALES LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEPOSITS HELD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CURRENT PORTION OF DEBT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION, AS PART OF ITS MISSION, PROVIDES MORTGAGES AND LEASE PURCHASE ARRANGEMENTS FOR AFFORDABLE HOUSING. ESCROWS ARE ESTABLISHED FOR CARRYING COSTS SUCH AS PROPERTY TAXES AND INSURANCE AND FOR CLOSING COSTS ASSISTANCE ON LEASE PURCHASES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS 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 COMMUNITY DEVELOPMENT. E. TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE. F. TO EXERCISE ALL THE RIGHTS AND POWERS, CONFERRED UPON NON-PROFIT CORPORATIONS BY THE STATE OF SOUTH CAROLINA CONSISTENT WITH THE CORPORATE PURPOSE AND LIMITATIONS OF THE STATE AND FEDERAL LAW AND THE LAWS OF THE GRANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD CHAIRMAN OR EXECUTIVE DIRECTOR WILL SIGN THE RETURN. THERE IS NO FORMAL REVIEW PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE BOARD AND EMPLOYEES ARE REQUIRED TO READ THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS AND SIGN THE FORM AT LEAST ANNUALLY. IN ADDITION THEY ARE REQUIRED TO EXCUSE THEMSELVES FROM ANY DISCUSSION AND VOTING ON ITEMS WHERE THERE MIGHT BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE ORGANIZATION'S PHYSICAL LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REMOVE PROPERTIES GIVEN UP IN 2019 -73,939
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HAROLD MITCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08645043090
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGENESIS COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0REGE
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ReturnHeader/Filer/PhoneNum08645043090
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200758852
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIOTT & PAINTER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0390 E HENRY ST STE 203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPARTANBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
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ReturnHeader/PreparerPersonGrp/PhoneNum08645831476
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAMMY M GRICE CPA
ReturnHeader/ReturnTs02025-11-17T16:43:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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