Genesee Community College Foundation Housing Services Inc
Genesee Community College Foundation Housing Services Inc. consistently generates surpluses and maintains a stable asset base with no reported officer compensation.
EIN: 161609990 · Batavia, NY · NTEE: B992 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
Is Genesee Community College Foundation Housing Services Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesee Community College Foundation Housing Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Genesee Community College Foundation Housing Services Inc
Genesee Community College Foundation Housing Services Inc (EIN: 161609990) is a nonprofit organization based in Batavia, NY, classified under NTEE code B992. The organization reported total revenue of $2.9M and total assets of $10.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesee Community College Foundation Housing Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesee Community College Foundation Housing Services Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$262K |
| Total Assets | $11.7M |
| Total Liabilities | $8.0M |
| Net Assets | $3.7M |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 68.3% |
| Months of Reserves | 61.3 months |
Financial Health Grade: A
In 2023, Genesee Community College Foundation Housing Services Inc reported a surplus of $262K with revenue exceeding expenses, holds 61.3 months of operating reserves (strong position), has a debt-to-asset ratio of 68.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Genesee Community College Foundation Housing Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +6.0% | -2.1% |
| 2022 | +72.0% | +14.4% | -1.4% |
| 2021 | -36.0% | -18.3% | -0.1% |
| 2020 | -3.4% | +6.6% | +12.4% |
| 2019 | -14.2% | -11.9% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Genesee Community College Foundation Housing Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Genesee Community College Foundation Housing Services Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $262K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership structure or that executive compensation is managed and reported by an affiliated entity, which could indicate a strong focus on directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Genesee Community College Foundation Housing Services Inc:
- Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $2,554,355 revenue vs. $2,291,987 expenses in 202308).
- Strong asset base relative to liabilities, indicating good financial health ($11,703,101 assets vs. $7,996,479 liabilities in 202308).
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Genesee Community College Foundation Housing Services Inc
Is Genesee Community College Foundation Housing Services Inc a legitimate charity?
Genesee Community College Foundation Housing Services Inc (EIN: 161609990) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Genesee Community College Foundation Housing Services Inc spend its money?
Genesee Community College Foundation Housing Services Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Genesee Community College Foundation Housing Services Inc tax-deductible?
Genesee Community College Foundation Housing Services Inc is registered as a tax-exempt nonprofit (EIN: 161609990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Genesee Community College Foundation Housing Services Inc's spending goes to programs?
Genesee Community College Foundation Housing Services Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Genesee Community College Foundation Housing Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Genesee Community College Foundation Housing Services Inc is above average for NTEE category B992 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Genesee Community College Foundation Housing Services Inc located?
Genesee Community College Foundation Housing Services Inc is headquartered in Batavia, New York and files with the IRS under EIN 161609990. It is classified under NTEE code B992.
How many years of IRS 990 filings does Genesee Community College Foundation Housing Services Inc have?
Genesee Community College Foundation Housing Services Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.9M in total revenue.
Is Genesee Community College Foundation Housing Services Inc. financially stable?
Yes, the organization appears financially stable, consistently generating more revenue than expenses (e.g., $2,554,355 revenue vs. $2,291,987 expenses in 202308) and maintaining a healthy asset-to-liability ratio ($11,703,101 assets vs. $7,996,479 liabilities in 202308).
How does the organization manage executive compensation?
The provided IRS 990 data consistently shows 0% officer compensation, suggesting that executive leadership may be volunteer-based or compensated through an affiliated entity not directly reported on these filings.
What is the trend in the organization's assets?
The organization's assets have generally been stable, fluctuating around $10-12 million over the past decade, reaching $11,703,101 in 202308, indicating consistent financial health.
Filing History
IRS 990 filing history for Genesee Community College Foundation Housing Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Genesee Community College Foundation Housing Services Inc's revenue has grown by 11.9%, moving from $2.3M to $2.6M. Total assets increased by 52.5% over the same period, from $7.7M to $11.7M. Total functional expenses rose by 8.9%, from $2.1M to $2.3M. In its most recent filing year (2023), Genesee Community College Foundation Housing Services Inc reported a surplus of $262K, with revenue exceeding expenses. The organization holds $8.0M in liabilities against $11.7M in assets (debt-to-asset ratio: 68.3%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.3M | $11.7M | $8.0M | — | View 990 |
| 2022 | $2.4M | $2.2M | $12.0M | $8.7M | — | View 990 |
| 2021 | $1.4M | $1.9M | $12.1M | $9.7M | — | View 990 |
| 2020 | $2.2M | $2.3M | $12.1M | $8.8M | — | View 990 |
| 2019 | $2.3M | $2.2M | $10.8M | $7.4M | — | View 990 |
| 2018 | $2.6M | $2.5M | $9.6M | $6.3M | — | View 990 |
| 2017 | $2.5M | $2.4M | $9.8M | $6.6M | — | View 990 |
| 2016 | $2.9M | $2.4M | $10.2M | $7.2M | — | View 990 |
| 2015 | $3.0M | $2.3M | $10.3M | $7.8M | — | View 990 |
| 2014 | $2.5M | $2.1M | $10.4M | $8.6M | — | View 990 |
| 2013 | $2.5M | $2.3M | $7.4M | $6.0M | — | View 990 |
| 2012 | $2.4M | $2.3M | $7.5M | $6.1M | — | View 990 |
| 2011 | $2.3M | $2.1M | $7.7M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.3M, and assets of $11.7M (revenue +5.8% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.2M, and assets of $12.0M (revenue +72.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.9M, and assets of $12.1M (revenue -36.0% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $12.1M (revenue -3.4% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $10.8M (revenue -14.2% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.5M, and assets of $9.6M (revenue +4.4% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.4M, and assets of $9.8M (revenue -12.9% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.4M, and assets of $10.2M (revenue -2.5% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.3M, and assets of $10.3M (revenue +20.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.1M, and assets of $10.4M (revenue +1.1% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.3M, and assets of $7.4M (revenue +3.2% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.3M, and assets of $7.5M (revenue +4.3% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.1M, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesee Community College Foundation Housing Services Inc:
Data Sources and Methodology
This transparency report for Genesee Community College Foundation Housing Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.