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Genesis Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232785337 ✦ Norristown, PA ✦ Designated as a 501(c)(3)

Overview

What is Genesis Housing Corporation?

Genesis Housing Corporation, established as a 501(c)(3) nonprofit organization in 1994, is committed to serving Montgomery County, Pennsylvania, and surrounding areas. Their primary mission revolves around the development of affordable housing, revitalization of neighborhoods, and educating consumers about housing and financial issues. To achieve this, they renovate properties, providing safe and decent living spaces for lower-income households. Moreover, Genesis Housing Corporation collaborates with partners to rehabilitate larger vacant properties, creating affordable rental units. Beyond their renovation projects, they also offer consulting services to assist other non-profit organizations in completing their own renovation projects. With a workforce of 4 dedicated individuals, Genesis Housing Corporation significantly contributes to improving housing conditions and stabilizing neighborhoods in the community.


Official website here: www.genesishousing.org

Is Genesis Housing Corporation legitimate?

Genesis Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Housing Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $85,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,036

For more financial information, click here


Official website here: www.genesishousing.org

What is the mission statement of Genesis Housing Corporation?

Genesis Housing Corporation, as a 501(c)(3) non-profit organization, has been committed since 1994 to serving communities in Montgomery County, PA, and its surrounding areas. Its primary mission is threefold: firstly, the development of affordable housing; secondly, the revitalization of neighborhoods; and lastly, the education of consumers on housing and financial issues. The corporation operates as a Community Housing Development Organization (CHDO), dedicating its efforts towards providing affordable living spaces, improving neighborhood conditions, and raising awareness about housing and financial matters for consumers.


Official website here: www.genesishousing.org

Who is the CEO of Genesis Housing Corporation?

Judith S Memberg is the Executive Director of Genesis Housing Corporation.


Official website here: www.genesishousing.org

What is the revenue of Genesis Housing Corporation?

Genesis Housing Corporation's revenue in 2022 was $946,767.


Official website here: www.genesishousing.org

Who are the executives of Genesis Housing Corporation and what are their salaries?

The average compensation at Genesis Housing Corporation during 2022 was $62,434. There are 4 employees and 7 volunteers at Genesis Housing Corporation.

Here are 9 key members and their salaries:

    Judith Memberg (Executive Director)
  • Compensation: $70,000
  • Related: $0
  • Other: $15,375

    • Carolyn Prante (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Shiber (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Stevenson (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Billings (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Al Gryga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Mcmichael (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anna Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis Mathews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.genesishousing.org

    Where can I find the form 990 for Genesis Housing Corporation?

    The Genesis Housing Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.genesishousing.org

    Learn more at the official website: www.genesishousing.org

    Mission Statement of Genesis Housing Corporation

    Genesis Housing Corporation, a 501(c)(3) non-profit organization established in 1994, has dedicated itself to serving communities in Montgomery County, PA, and the surrounding areas. As a Community Housing Development Organization (CHDO), its primary mission is threefold: the development of affordable housing, the revitalization of neighborhoods, and the education of consumers on housing and financial issues.

    By focusing on affordable housing, Genesis Housing Corporation aims to make homeownership and rental options more accessible to individuals and families who may otherwise struggle to find affordable living options. Through its development efforts, the organization has contributed to the creation and preservation of numerous affordable housing units, thereby enhancing the overall quality of life for the communities it serves.

    In addition to its housing development initiatives, Genesis Housing Corporation is also committed to neighborhood revitalization. By investing in and improving the infrastructure, appearance, and overall well-being of local communities, the organization works to create safer, healthier, and more vibrant neighborhoods for residents to enjoy.

    Furthermore, Genesis Housing Corporation recognizes the importance of financial education in empowering individuals and families to make informed decisions about their housing and financial futures. To this end, it offers educational resources and programming to help consumers better understand the complexities of the housing market and manage their finances effectively. By addressing these various needs, Genesis Housing Corporation seeks to create sustainable, thriving communities where all residents can prosper.

    Impact

    This information is meant to be a general summary of Genesis Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Genesis Housing Corporation's impact can be seen through its dedicated efforts in developing affordable housing, revitalizing neighborhoods, and educating consumers on housing and financial issues. Through the renovation of properties, Genesis Housing Corporation provides safe, decent, and affordable homes for lower-income households, contributing to the improvement and stabilization of neighborhoods. Additionally, the organization collaborates with partners to rehab larger vacant properties to create affordable rental units, further addressing the housing needs of the community. Its consulting services also support other nonprofit organizations in completing renovation projects, extending the reach of its impact beyond its direct activities. In serving Montgomery County PA and surrounding areas since 1994, Genesis Housing Corporation has demonstrated a commitment to making a positive difference in the housing landscape and the lives of individuals and families in need.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8
  • Program Service Revenue: $192,141
  • Gross Receipts: $946,767

    • Assets and Liabilities:
  • Total Assets: $1,060,470
  • Total Liabilities: $131,645
  • Net Assets: $928,825
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPER FEES

    Revenue

    $104,021

    RENTAL OF PROPERTY

    Revenue

    $80,514

    CONSULTING INCOME

    Revenue

    $7,606

    Organization Details

    Founding Year

    1994

    Principal Officer

    Judith S Memberg

    Main Address

    1430 DEKALB STREET SUITE 2020, NORRISTOWN, PA, 19401

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Genesis Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.