GENESIS DEVELOPMENT (EIN 237363533) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

DONALD F NEIMAN

Phone

5152465877

Tax Period

2022-07-01 to 2023-03-05

GENESIS DEVELOPMENT, founded in 1973, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2022. The organization ran a surplus of $2.7M, a strong 100% operating margin.

Mission

ORGANIZATION FILED FOR BANKRUPTCY JUNE 11, 2021.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $2,704,561

TOTAL REVENUE $2,704,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,287

TOTAL EXPENSES $3,287

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,704,561	$-1,013,958	-3.7%
Expenses	$3,287	$301,904	-1.0%
Net Income	$2,701,274	$-1,315,862	-3.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD F NEIMAN	BANKRUPTCY TRUSTEE	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$2,704,561	$3,287	No data	$2,701,274
2022	$-1,013,958	$301,904	$121,363	$-1,315,862
2021	$-49,428	$1,724,856	$1,989,905	$-1,774,284
2020	$7,353,377	$9,224,505	$4,127,151	$-1,871,128
2019	$17,614,986	$19,929,637	$6,754,022	$-2,314,651

GENESIS DEVELOPMENT