NEW GENESIS INC

EIN: 382338855 501(c)(3)

KALAMAZOO, MI

Total Revenue
$1,386,113
Total Expenses
$994,411
Total Assets
$1,328,955
Net Assets
$1,291,974
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MI
Principal Officer
ANQUANETTE WILBON
Phone
2693437023
Tax Period
2023-07-01 to 2024-06-30

NEW GENESIS INC, founded in 1981, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $392K, a strong 28% operating margin.

Mission

NEW GENESIS, INC. IS COMMITTED TO POSITIVELY IMPACTING LIVES IN SOUTHWEST MICHIGAN. NEW GENESIS IS A YOUTH AND FAMILY SERVICES ORGANIZATION WHOSE MISSION IS TO TRANSFORM LIVES THROUGH PROGRAMS AND SERVICES THAT EFFECTIVELY MEET EXPRESSED COMMUNITY GOALS IN PRACTICAL WAYS. WE BELIEVE OUR MISSION REQUIRES A HOLISTIC APPROACH; THEREFORE WE WORK TO STRENGTHEN INDIVIDUALS AND FAMILIES BY PROVIDING SERVICES THAT FOSTER PERSONAL ENRICHMENT, DEVELOPMENT AND GROWTH. PROGRAMMATIC EMPHASIS ON THE IMPORTANCE OF HIGH MORAL VALUES, DESTINY IDENTIFICATION, AND A STRONG EDUCATIONAL FOUNDATION GUARANTEES OUR PROGRAMS' EFFECTIVENESS. OUR VISION IS TO CREATE A FAITH-BASED ENVIRONMENT THAT FOSTERS SUCCESS BY EMPOWERING INDIVIDUALS AND FAMILIES THROUGH THE DEVELOPMENT OF COMMUNITY RESOURCES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,289,310
Program Service Revenue $90,290
Investment Income $0
Other Revenue $6,513
TOTAL REVENUE $1,386,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $699,354
Fundraising Expenses $0
Program Expenses $928,872
Other Expenses $295,057
TOTAL EXPENSES $994,411

Year-over-Year Comparison

2023 2022 Change
Revenue $1,386,113 $1,121,786 +0.2%
Expenses $994,411 $1,019,156 0.0%
Net Income $391,702 $102,630 +2.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
42
Volunteers
10

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
4
$64,616
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANQUANETTE WILBON EXECUTIVE DI 40.00
Officer
$64,616 $0 $64,616
PASTOR JOEL BROOKS JR PRESIDENT 2.00
Officer Director
$0 $0 $0
BARRY STEPHENS SECRETARY 2.00
Officer Director
$0 $0 $0
BRENDA GARDNER TREASURER 2.00
Officer Director
$0 $0 $0
ERVIN ARMSTRONG MEMBER 1.00
Director
$0 $0 $0
YOLANDA DEHAAN MEMBER 1.00
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
2025 No data No data No data No data
2024 $1,386,113 $994,411 $1,328,955 $391,702
2023 $1,121,786 $1,109,156 $1,138,708 $12,630
2022 $1,511,578 $804,012 $891,383 $707,566
2020 $770,784 $715,047 $388,520 $55,737
2019 $779,428 $837,310 $242,117 $-57,882
2018 $741,555 $811,464 $277,484 $-69,909
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