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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Genesis Housing Corporation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 96% overall, with a perfect score in various categories such as independent board members and financial oversight, indicating a robust governance structure and commitment to transparency.
The nonprofit boasts a 90.37% program expense ratio, meaning that a substantial portion of its funds is directed towards its programs rather than administrative costs. This efficiency suggests that the organization is effectively utilizing its resources to further its mission, which is essential in the nonprofit sector. Additionally, the absence of material diversion of assets showcases financial integrity.
While the data highlights numerous strengths, it is essential for potential donors to consider the broader impact of the organization's programs beyond financial metrics. Overall, Genesis Housing Corporation appears to be a reliable and responsible choice for those looking to support a nonprofit focused on housing solutions.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $70,000
- Related: $0
- Other: $15,375
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.genesishousing.org
Where can I find the form 990 for Genesis Housing Corporation?
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.
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Impact
October, 2024
Genesis Housing Corporation significantly impacts its community by facilitating the development of affordable housing and revitalizing neighborhoods in Norristown, PA, and surrounding areas. Through their dedicated efforts since 1994, they focus on creating safe and decent homes for lower-income households, which not only enhances living conditions but also contributes to the overall stabilization and improvement of neighborhoods.
The organization specializes in the renovation of properties, transforming them into spaces that meet the needs of families and individuals who may struggle to find quality housing. This process includes refurbishing owner-occupied homes, ensuring that lower-income homeowners have access to safe living environments. By rehabilitating larger vacant properties, Genesis also provides affordable rental units, further addressing housing shortages in the area.
Collaboration is a key element of Genesis Housing Corporation's strategy. They work with various partners to maximize their impact and extend their reach. In addition to their rehabilitation efforts, they offer consulting services to assist other organizations in completing renovation projects, thus enhancing community-wide development efforts.
Beyond physical renovations, Genesis Housing Corporation is committed to educating consumers about housing and financial issues, empowering individuals with the knowledge to make informed decisions regarding their housing situation. Their holistic approach not only addresses immediate housing needs but also lays the groundwork for long-term community development and stability.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(610) 275-4357Principal Officer
Judith S Memberg
Main Address
1430 DEKALB STREET SUITE 2020, NORRISTOWN, PA, 19401
Website
www.genesishousing.orgNTEE Category
Code: L20 - Housing
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