GENESIS NON-PROFIT HOUSING CORPORA… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

JOHN WYNBEEK

Phone

6167529501

Tax Period

2024-01-01 to 2024-12-31

GENESIS NON-PROFIT HOUSING CORPORATION, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO ASSIST PERSONS WITH DIABILITIES AND THOSE WITH AGE RELATED CHALLENGES AND TO MAXIMIZE THEIR POTENTIAL THROUGH THE COMPREHENSIVE PROVISION OF QUALITY HOUSING AND SUPPORT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $227,448 Revenue: $380,807

DEVELOPMENT OF HOUSING FOR PERSONS OF LOW AND MODERATE INCOME WITH PHYSICAL AND MENTAL DISABILITIES

Program 2

Expenses: $165,191 Revenue: $222,467

SUPPORTIVE SERVICES FOR RESIDENTS SUCH AS COUNSELING FOR SUBSTANCE ABUSE, NUTRITIONAL COUNSELING, REFERRALS FOR PSYCHOLOGICAL AND MEDICAL CASE MANAGEMENT, AND MONEY MANAGEMENT SERVICES. GENESIS NPHC ALSO PROVIDES SUPPORTIVE SERVICES SUCH AS FOOD TO HERON MANOR AND ALSO MAINTENANCE FOR VARIOUS LOCATIONS.

Program 3

Expenses: $1,108,905 Revenue: $684,673

RESIDENTIAL AND FOOD SERVICES FOR THE LOW INCOME ELDERLY

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,433

Program Service Revenue $671,498

Investment Income $706,007

Other Revenue $32,450

TOTAL REVENUE $1,418,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $907,965

Fundraising Expenses $0

Program Expenses $1,501,544

Other Expenses $844,827

TOTAL EXPENSES $1,752,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,418,388	$970,327	+0.5%
Expenses	$1,752,792	$2,064,516	-0.2%
Net Income	$-334,404	$-1,094,189	-0.7%

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

Volunteers

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

$144,708

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN EINFELD	DIRECTOR	1.30	Director	$0	$0	$0
DENNIS STURTEVANT	PRESIDENT	1.30	Officer Director	$0	$0	$0
JIM TUINSTRA	DIRECTOR	1.30	Director	$0	$0	$0
JAMES WHITE	TREASURER	1.30	Officer Director	$0	$0	$0
GRACE SMITH	SECRETARY	1.30	Officer Director	$0	$0	$0
SONALI ALLEN	DIRECTOR	1.30	Director	$0	$0	$0
CARLOS SANCHEZ	DIRECTOR	1.30	Director	$0	$0	$0
VENEESE CHANDLER	DIRECTOR	1.30	Director	$0	$0	$0
KRYSTYNE KIOGIMA	DIRECTOR	1.30	Director	$0	$0	$0
JOHN WYNBEEK	EXECUTIVE DIRECTOR	40.00	Officer	$144,708	$0	$144,708

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	$1,418,388	$1,752,792	$7,572,089	$-334,404
2023	$970,327	$2,064,516	$7,872,734	$-1,094,189
2022	$969,712	$2,060,499	$7,716,488	$-1,090,787
2021	$1,619,881	$2,259,775	$8,246,504	$-639,894
2020	$2,017,195	$2,235,811	$8,630,490	$-218,616
2019	$1,809,338	$2,239,512	$8,630,276	$-430,174
2018	$3,329,265	$2,203,569	$8,739,363	$1,125,696

GENESIS NON-PROFIT HOUSING CORPORATION