Overview
What is Genesis Residential?
Genesis Residential is a nonprofit organization situated in Gadsden, Alabama. Their primary mission is to offer residential care for adults struggling with intellectual disabilities in the northeastern part of the state. With a dedicated team of 70 employees, Genesis Residential provides a supportive and nurturing environment to help these individuals lead fulfilling lives. They strive to ensure that their residents have access to necessary resources and care, contributing positively to their well-being and overall development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Genesis Residential has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 71%. This rating indicates that while the organization has certain strengths, such as having a fully independent board and a favorable liabilities to assets ratio, there are significant areas for improvement, particularly in transparency and financial reporting.
The organization excels in governance, demonstrating 100% independent board members and maintaining transparency in board meeting minutes. However, it lacks key financial documentation that could enhance trust, such as financial statements posted on its website and a whistleblower policy. This lack of transparency may raise concerns among potential donors and stakeholders about the organization's accountability.
Despite these limitations, Genesis Residential maintains a solid program expense ratio of over 70%, suggesting that a significant portion of its funding is directed towards programs. Addressing the identified weaknesses, particularly in documentation and policies, could help improve its rating and bolster confidence among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Genesis Residential legitimate?
Genesis Residential is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Residential 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $924,269
For more financial information, click here
What is the mission statement of Genesis Residential?
Genesis Residential is committed to providing residential habilitation for adults with intellectual disabilities. Their mission is centered around offering a supportive living environment that caters to the unique needs of these individuals, aiming to enhance their quality of life. The organization focuses on fostering independence, skill development, and personal growth for its residents, enabling them to lead fulfilling lives. Genesis Residential also emphasizes on creating a nurturing and inclusive community where these adults can thrive and feel valued.
Who is the CEO of Genesis Residential?
Kathy West is the Director of Genesis Residential.
What is the revenue of Genesis Residential?
Genesis Residential's revenue in 2023 was $1,952,354.
Who are the executives of Genesis Residential and what are their salaries?
The average compensation at Genesis Residential during 2023 was $13,204. There are 70 employees at Genesis Residential.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Genesis Residential?
Genesis Residential's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Genesis Residential
Genesis Residential, a nonprofit organization, is dedicated to providing residential habilitation for adults with intellectual disabilities in Northeast Alabama. Their mission is centered around creating an environment that caters to the unique needs of these individuals, aiming to enhance their overall quality of life. By offering residential services, Genesis Residential enables adults with intellectual disabilities to live as independently as possible, fostering their personal growth and development. The organization's primary focus is on providing a supportive living space that allows individuals to learn essential life skills, build meaningful relationships, and actively participate in their communities. Genesis Residential's mission is a testament to its commitment to empowering adults with intellectual disabilities, enabling them to lead fulfilling lives with dignity and respect.
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Impact
July, 2024
Genesis Residential's impact is significant in providing residential habilitation for adults with intellectual disabilities in Northeast Alabama. By offering specialized care and support services, Genesis Residential plays a crucial role in enhancing the quality of life for individuals with intellectual disabilities in the region. Their mission to provide a safe and nurturing environment for these individuals underscores their commitment to promoting independence and well-being. Through their dedicated efforts, Genesis Residential positively contributes to the lives of those they serve, fostering a sense of belonging and empowerment within the community.
This information is meant to be a general summary of Genesis Residential. 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 2023.
- Investment Income: $4,478
- Program Service Revenue: $1,944,846
- Gross Receipts: $1,952,354
Assets and Liabilities:
- Total Assets: $1,196,079
- Total Liabilities: $99,003
- Net Assets: $1,097,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BILLING INCOME
Revenue
$1,748,101
ROOM AND BOARD
Revenue
$192,966
ADMINISTRATIVE INCOME
Revenue
$3,779
Organization Details
Founding Year
2014
Phone
(256) 439-1975Principal Officer
Kathy West
Main Address
PO BOX 1457, GADSDEN, AL, 35902
NTEE Category
Code: L80 - Housing
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