GENESIS HOUSING SERVICES

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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

2007

Legal Domicile

Principal Officer

Tim Hensley

Tax Period

2023-10-01 to 2024-09-30

GENESIS HOUSING SERVICES, founded in 2007, is a micro nonprofit in the Human Services sector that reported $35K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $10K, a strong 29% operating margin.

Mission

To facilitate and provide families a full range of education, training, resources, loss mitigation, debt management, financial fitness, and/or counseling as it pertains to housing related issues.

Program Service Accomplishments

Program 1

Expenses: $24,760

Genesis Housing Services provides pre-purchase and foreclosure intervention counseling. We helped families prepare for home ownership with obtaining down payment assistance. We evaluated people for mortgage assistance through the Save Our Home AZ program, and were able to recommend approval for many of these borrowers to get monthly mortgage assistance, reinstatement assistance and principal reduction asssitance, and a few people were assited through the modification side of the program. We worked with families/borrowers through national foreclosure prevention program, with our services being paid through the NFMC program.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,433

Investment Income $19

Other Revenue $0

TOTAL REVENUE $35,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,760

Other Expenses $25,225

TOTAL EXPENSES $25,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,452	$39,139	-0.1%
Expenses	$25,225	$32,531	-0.2%
Net Income	$10,227	$6,608	+0.5%

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

Independent Members

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
Mike VanArsdale	Member	1.00	Director	$0	$0	$0
Patti Ivanich	Secretary	1.00	Director	$0	$0	$0
Matt Vasicek	Treasurer	1.00	Director	$0	$0	$0
James Weiers	Chairman of the Board	1.00	Officer	$0	$0	$0
Tim Hensley	President CEO	40.00	Officer Key Emp	$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
2024	$35,452	$25,225	$198,147	$10,227
2023	$39,139	$32,531	$193,400	$6,608
2022	$47,101	$70,909	$199,108	$-23,808
2021	$122,298	$149,104	$226,187	$-26,806
2020	$145,831	$252,778	$260,975	$-106,947
2019	$188,499	$139,879	$348,135	$48,620
2018	$177,664	$123,893	$296,495	$53,771