Genesis House Inc

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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

1974

Legal Domicile

Principal Officer

Mary J Allen

Phone

3212884754

Tax Period

2024-01-01 to 2024-12-31

Genesis House Inc, founded in 1974, is a small nonprofit that reported $649K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $606K left a modest 7% surplus.

Mission

It is the mission of Genesis House, Inc. to provide shelter that is safe for homeless pregnant women, transitional shelter for homeless mothers and their children, and long-term housing for student mother with their children while the mothers complete their education. The organization is committed to fostering self-despline and self-reliance for its residents.

Program Service Accomplishments

Program 1

Expenses: $33,285 Revenue: $7,012

Housing - Expenses relative to the temporary housing of women in distress and their children

Program 2

Expenses: $21,541 Revenue: $158,071

Boutique that helps provides jobs for homeless mothers while learning skills to enchance job possiblities. Also helps fund housing

Program 3

Expenses: $268,524 Revenue: $0

Programs to provide job skills, housing and provide services to those in need.

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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 $476,932

Program Service Revenue $165,083

Investment Income $7,033

Other Revenue $0

TOTAL REVENUE $649,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,581

Fundraising Expenses $72,842

Program Expenses $323,350

Other Expenses $414,536

TOTAL EXPENSES $606,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$649,048	$561,972	+0.2%
Expenses	$606,117	$575,901	+0.1%
Net Income	$42,931	$-13,929	-4.1%

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

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

Total Directors

Key Employees

$104,529

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary J Allen	President	10.00	Officer Director	$0	$0	$0
Devin Datta	Director	5.00	Director	$0	$0	$0
Laura Chiesman	Secretary/Treasurer	5.00	Officer Director	$0	$0	$0
Mary K O'Toole	Director	5.00	Director	$0	$0	$0
Janice K Hill	Director	5.00	Director	$0	$0	$0
Kristen Snyder	Administrator	40.00	Key Emp	$64,559	$0	$64,559
Jennifer McGee	Case Manager	40.00	Key Emp	$39,970	$0	$39,970

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	$649,048	$606,117	$725,332	$42,931
2023	$561,972	$575,901	$674,861	$-13,929
2022	$670,812	$575,217	$692,562	$95,595
2021	$763,656	$710,535	$634,384	$53,121
2020	$375,598	$354,552	$617,965	$21,046
2019	$369,045	$345,916	$508,807	$23,129
2018	$295,521	$352,105	$636,662	$-56,584