Overview
What is Genesis Lifecare Corp?
Genesis Lifecare Corp is a nonprofit organization situated in Longmeadow, Massachusetts, with a specific focus on providing subsidized housing for low-income elderly tenants. The primary objective of this organization, as stated in the information, is to cater to the needs of independent senior citizens, offering them comfort, security, and conveniences typically found in apartment communities. The organization operates under the guidelines of the U.S. Department of Housing and Urban Development (HUD), ensuring that it meets the unique requirements of its target demographic.
Official website here: www.jgslifecare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Genesis Lifecare Corp has received a Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. The score is derived entirely from their Accountability & Finance beacon, reflecting a strong commitment to transparency and responsible management of resources. The charity’s financial oversight mechanisms, including an independent board and the absence of material diversion of assets, contribute positively to its overall rating.
The organization boasts a fully independent board, with all eight members meeting the independence criteria, and scores 100% in this area. Additionally, it has demonstrated robust financial practices, including comprehensive audit and oversight, which further enhances its credibility. The charity maintains essential policies regarding conflict of interest and whistleblower protections, ensuring that ethical standards are upheld.
However, while the financial metrics are commendable, the rating does not account for programmatic impact or operational effectiveness, which are equally important for assessing overall performance. Prospective donors and stakeholders might consider looking for more information on the specific programs and outcomes achieved by Genesis Lifecare Corp to gain a complete picture of its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Genesis Lifecare Corp legitimate?
Genesis Lifecare Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Lifecare Corp 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.
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Official website here: www.jgslifecare.org
What is the mission statement of Genesis Lifecare Corp?
Genesis Lifecare Corp, as subsidized housing under HUD, is committed to serving the needs of independent senior citizens. It provides them with the comfort, security, and conveniences typically found in apartment communities. The primary mission of Genesis Lifecare Corp is to operate housing facilities for low-income elderly tenants on a non-profit basis, aiming to cater to their specific requirements. It strives to create a living environment that caters to the needs of senior citizens, offering them a sense of independence and community.
Official website here: www.jgslifecare.org
What is the revenue of Genesis Lifecare Corp?
Genesis Lifecare Corp's revenue in 2024 was $1,848,728.
Official website here: www.jgslifecare.org
Who are the executives of Genesis Lifecare Corp and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.jgslifecare.org
Where can I find the form 990 for Genesis Lifecare Corp?
Genesis Lifecare Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.jgslifecare.org
Learn more at the official website: www.jgslifecare.org
Mission Statement of Genesis Lifecare Corp
Genesis Lifecare Corp, a subsidized housing organization under the HUD, is dedicated to catering to the needs of independent seniors. This nonprofit entity aims to provide these seniors with the comfort, security, and conveniences they seek in an apartment community. The primary mission of Genesis Lifecare Corp is to operate housing for low-income elderly tenants on a nonprofit basis. By doing so, it strives to offer a living environment that meets the unique needs and preferences of senior individuals, ensuring they can enjoy their golden years with a sense of independence and peace of mind.
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Impact
July, 2024
Genesis Lifecare Corp's impact is significant in providing subsidized housing for low-income elderly tenants who seek comfort, security, and convenience in Longmeadow, MA. By operating on a Genesis Lifecare Corp basis, this organization plays a crucial role in meeting the housing needs of independent seniors in the community. Their mission to offer affordable and supportive housing options for elderly individuals contributes to enhancing their quality of life and overall well-being. This initiative helps in ensuring that seniors have access to safe and stable housing, promoting dignity and independence in their later years.
This information is meant to be a general summary of Genesis Lifecare Corp. 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 2024.
- Investment Income: $4,058
- Program Service Revenue: $1,843,088
- Gross Receipts: $1,848,728
Assets and Liabilities:
- Total Assets: $4,606,121
- Total Liabilities: $8,479,237
- Net Assets: -$3,873,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,843,088
Organization Details
Founding Year
2016
Principal Officer
Stephen Krevalin
Website
www.jgslifecare.orgNTEE Category
Code: L21 - Housing
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