Genesis Housing Services
- Assets
- $199.1k
- Revenue
- $47.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Gilbert, AZ
- Founding
- 03/2008
- Data as of
- 09/2022
- EIN
- 26-0879978
Organization Overview
Genesis Housing Services is located in Gilbert, AZ. The organization was established in 2008. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 09/2022, Genesis Housing Services employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Housing Services is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Genesis Housing Services generated $47.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $70.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Hensley President CEO | Officer | 40 | $28,000 |
James Weiers Chairman Of The Board | Officer | 1 | $0 |
Mike Vanarsdale Member | Trustee | 1 | $0 |
Patti Ivanich Secretary | Trustee | 1 | $0 |
Matt Vasicek Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,065 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,004 |
| Office expenses | $12,360 |
| Information technology | $1,219 |
| Royalties | $0 |
| Occupancy | $8,760 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,773 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $591 |
| All other expenses | $0 |
| Total functional expenses | $70,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,224 |
| Savings and temporary cash investments | $904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,519 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,461 |
| Total assets | $199,108 |
| Accounts payable and accrued expenses | $17,797 |
| Grants payable | $119,595 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,392 |
| Net assets without donor restrictions | $61,716 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $199,108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springboard Non-Profit Consumer Credit Management Inc Riverside, CA | $8,795,796 | $5,993,379 |
Take Charge America Inc Phoenix, AZ | $22,881,953 | $7,255,476 |
Usa Homeownership Foundation Inc Corona, CA | $3,434,411 | $5,441,843 |
Debtwave Credit Counseling Inc Escondido, CA | $1,629,187 | $5,189,974 |
Access Counseling Inc Los Angeles, CA | $878,879 | $2,910,345 |
Earn To Learn Tucson, AZ | $1,535,362 | $2,450,878 |
Christian Credit Counselors Inc Carlsbad, CA | $6,458,952 | $2,790,959 |
Abacus Credit Counseling Encino, CA | $7,151,653 | $2,039,579 |
American Credit Foundation Inc Draper, UT | $673,807 | $2,274,444 |
National Budget Planners Of South Florida Inc Livermore, CA | $1,611,064 | $2,018,775 |
Helping Feet Reno, NV | $1,178,095 | $32,218 |
Global Equity Organization Orange, CA | $1,952,148 | $1,558,530 |