Overview
What is Genesis Housing Services?
Genesis Housing Services, situated in Gilbert, Arizona, is a nonprofit organization dedicated to assisting families with housing-related issues. Their primary mission involves offering a comprehensive suite of services, including education, training, resources, loss mitigation, debt management, financial fitness counseling, and more. They specialize in pre-purchase and foreclosure intervention, helping families prepare for homeownership by securing down payment assistance and providing mortgage assistance through programs like Save Our Home AZ. Genesis Housing Services' team of two professionals works tirelessly to guide families through national foreclosure prevention programs, ensuring they receive necessary assistance through the NFMC program.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Genesis Housing Services has received a Two-Star out of Four Star rating with an overall score of 72%. This rating indicates that while the organization demonstrates some strengths, there are critical areas where improvements are necessary for better accountability and financial management.
The organization scores highly in several governance aspects, such as having a fully independent board and no diversion of assets. It also shows a strong commitment to program expenses, allocating 85.40% of its budget directly to its programs. These factors suggest a focused mission and responsible use of funds in areas that directly impact community support.
However, the lack of a whistleblower policy and missing document retention and destruction policies are significant limitations that hinder their overall accountability score. Additionally, the liabilities to assets ratio of 64.67% raises concerns about financial stability and potential long-term sustainability. Addressing these issues could enhance their operational transparency and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Genesis Housing Services legitimate?
Genesis Housing Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Housing Services 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: $28,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,000
For more financial information, click here
What is the mission statement of Genesis Housing Services?
Genesis Housing Services is committed to assisting families with housing-related issues by offering a comprehensive array of educational resources, training programs, and counseling services. Their mission is to facilitate loss mitigation, debt management, financial fitness, and provide necessary counseling to help families navigate challenges related to homeownership and foreclosure prevention. Through initiatives like pre-purchase counseling and participation in national foreclosure prevention programs, Genesis Housing Services aims to equip families with the necessary tools to maintain and secure their homes.
Who is the CEO of Genesis Housing Services?
Tim Hensley is the President Ceo of Genesis Housing Services. The CEO's salary of Genesis Housing Services is $28,000 and their total compensation is $28,000.
What is the revenue of Genesis Housing Services?
Genesis Housing Services's revenue in 2022 was $47,101.
Who are the executives of Genesis Housing Services and what are their salaries?
The average compensation at Genesis Housing Services during 2022 was $18,000. There are 2 employees at Genesis Housing Services.
Here are 5 key members and their salaries (Genesis Housing Services's CEO's salary is $28,000 and their total compensation is $28,000):
- Compensation: $28,000
- 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
Where can I find the form 990 for Genesis Housing Services?
Genesis Housing Services's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Genesis Housing Services
Genesis Housing Services is committed to aiding families by offering a comprehensive array of educational resources, training, and counseling services focused on addressing housing-related concerns. Their mission is to equip families with the necessary tools for loss mitigation, debt management, financial fitness, and resource acquisition, all in the context of housing issues. By providing these services, Genesis Housing Services aims to empower families, helping them navigate the complexities of home ownership and foreclosure prevention.
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Impact
August, 2024
Genesis Housing Services has a significant impact on families in Gilbert, Arizona by providing crucial education, training, resources, and counseling related to housing issues. Through their programs such as pre-purchase and foreclosure intervention counseling, the organization helps families prepare for homeownership and access down payment assistance. Additionally, they evaluate individuals for mortgage assistance programs, leading to recommendations for approval for monthly mortgage assistance, reinstatement assistance, and principal reduction. Genesis Housing Services' work in the national foreclosure prevention program contributes to stabilizing housing situations and supporting families through difficult financial circumstances.
This information is meant to be a general summary of Genesis Housing Services. 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: $36
- Program Service Revenue: $47,065
- Gross Receipts: $47,101
Assets and Liabilities:
- Total Assets: $199,108
- Total Liabilities: $137,392
- Net Assets: $61,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenuecontrac
Revenue
$47,065
Organization Details
Founding Year
2007
Principal Officer
Tim Hensley
Main Address
207 N Gilbert Road STE 001, Gilbert, AZ, 85234
NTEE Category
Code: P51 - Human services
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