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US nonprofit · EIN 853706751 · Noblesville, INiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 853706751) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe tenure.Latest return IRS Form 990 series e-file data - 990 for the year to 31 December 2024: assets, liabilities, staff, website, telephone, pay, related organisations (Schedule R).Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue (us-approach-v4-clean). Not a statement that the organisation is recruiting.Principal officer IRS Form 990-N (e-Postcard) - principal officer named for tax year 2021.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Generous Heart Community Development Inc

Donations deductible
Revenue
$2.5m
year to 31 December 2024
Expenses
$6.1m
year to 31 December 2024
Total assets
$20.7m
$24.6m liabilities
Net assets
Minus $4m
assets less liabilities
Directors and trustees
5
4.4y av
Staff
79
5 volunteers
Left since last filing
0
no seats appear to have opened
Voting members
5
reported in Part VI
How am I connected?

Generous Heart Community Development Inc's network

5 people2 organisationsi5 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Josh WatsonVice-President & Secretary2022
4 yrs
Lori ALTTreasurer2022
4 yrs
Milissa TurnerDirector2022
4 yrs
Paul Ezekiel TurnerDirector2022
4 yrs
Thomas SearsPresident2022
4 yrs
Under 5 years5 to 6 years6 years or more

Pay and hours

year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Thomas SearsPresident1$0
Josh WatsonVice-President & Secretary1$0
Lori AltTreasurer1$0
Milissa TurnerDirector1$0
Paul Ezekiel TurnerDirector1$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
Generous Heart Community Development Inc
EIN
853706751
Address
Po Box 924, Noblesville, IN, 46061-0924
State
Indiana
Mission
Generous heart community development inc. Develops, facilitates, manages and maintains affordable housing for low-income individuals. Such affordable housing services are limited to those individuals who qualify for charitable affordable housing assistance in accordance with revenue procedure 96-32 and other applicable hud, federal, state and local limitations and restrictions with respect... (as filed on the Form 990)
Activity (NTEE)
L20 Housing and shelter
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Housing & Shelter
Size band
8 (IRS master file code)
Formed
2020
Principal officer
Thomas Sears (as named on the Form 990)
IRS ruling date
1 September 2021
Status
Code 01 (unconditional exemption)
Form 990 filings on record
3, latest 2024
IRS Publication 78
PC (contributions deductible)

Most connected

Longest observed on the filings

≥4years on the filingsJosh Watson
≥4years on the filingsLori ALT
≥4years on the filingsMilissa Turner
≥4years on the filingsPaul Ezekiel Turner

Latest return

year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.
Total assets
$20.7m
Total liabilities
$24.6m
Net assets or fund balances
Minus $4m
Contributions and grants received
$250k
Program service revenue
$2.3m
Employees
79
Volunteers
5

Filed finances

1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2024$2.5m$6.1mDeficit $3.6m

As filed on the IRS Form 990. US dollars.