Genesis Housing Services
Genesis Housing Services reports substantial revenue growth and asset accumulation with no officer compensation.
EIN: 201376916 · Yakima, WA · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $510K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $12.8M |
| Transparency Score | 85/100 |
Is Genesis Housing Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesis Housing Services directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Genesis Housing Services
Genesis Housing Services (EIN: 201376916) is a nonprofit organization based in Yakima, WA, classified under NTEE code L20. The organization reported total revenue of $1.6M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Housing Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Housing Services is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $510K |
| Surplus / Deficit | +$5.8M |
| Total Assets | $17.3M |
| Total Liabilities | $4.5M |
| Net Assets | $12.8M |
| Operating Margin | 91.9% |
| Debt-to-Asset Ratio | 26.1% |
| Months of Reserves | 406.5 months |
Financial Health Grade: A
In 2023, Genesis Housing Services reported a surplus of $5.8M with revenue exceeding expenses, holds 406.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Genesis Housing Services's revenue has grown at a compound annual growth rate (CAGR) of 33.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +126.9% | -19.7% | +52.4% |
| 2022 | +414.0% | +81.8% | +83.8% |
| 2021 | +33.8% | +11.1% | +9.4% |
| 2020 | -27.9% | -10.4% | +1.6% |
| 2019 | +47.8% | +13.1% | -7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Genesis Housing Services 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Genesis Housing Services allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $5.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size with assets exceeding $17 million.
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.
Red Flags
The following concerns were identified during AI analysis of Genesis Housing Services's IRS 990 filings:
- Unusually low expenses relative to revenue in recent years, potentially indicating significant funds held in reserve or not fully expended on mission-related activities within the reporting period.
- Consistent 0% officer compensation, which is highly atypical for an organization of this scale and could mask compensation structures or volunteer reliance that needs clarification.
Strengths
The following positive indicators were identified for Genesis Housing Services:
- Exceptional revenue growth, particularly in 2023 ($6,303,448), demonstrating strong financial support.
- Significant and consistent asset growth, from $4.5 million in 2014 to over $17.2 million in 2023, indicating robust financial health and capacity.
- Very low reported expenses relative to revenue in recent years, suggesting efficient operations or substantial reinvestment into assets.
- No reported officer compensation, which, if genuinely reflective of operations, indicates a strong commitment to directing funds to the mission.
Frequently Asked Questions about Genesis Housing Services
Is Genesis Housing Services a legitimate charity?
Genesis Housing Services (EIN: 201376916) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Genesis Housing Services spend its money?
Genesis Housing Services directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Genesis Housing Services tax-deductible?
Genesis Housing Services is registered as a tax-exempt nonprofit (EIN: 201376916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Genesis Housing Services CEO make?
Genesis Housing Services's highest-compensated officer earns $17 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Genesis Housing Services's spending goes to programs?
Genesis Housing Services directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Genesis Housing Services compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Genesis Housing Services is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Genesis Housing Services located?
Genesis Housing Services is headquartered in Yakima, Washington and files with the IRS under EIN 201376916. It is classified under NTEE code L20.
How many years of IRS 990 filings does Genesis Housing Services have?
Genesis Housing Services 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 $1.6M in total revenue.
How does Genesis Housing Services manage to operate without any reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with significant revenue and assets. This could indicate that executive functions are performed by volunteers, compensated through other means not classified as 'officer compensation' on the 990, or that the organization has a unique operational structure. Further investigation into their operational model would be beneficial.
What is the primary use of the significant revenue surplus reported in recent years?
In 2023, revenue was $6,303,448 while expenses were $509,776, resulting in a surplus of over $5.7 million. Similarly, in 2022, there was a surplus of over $2.1 million. While asset growth is evident, understanding how these large surpluses are allocated (e.g., reserves, future projects, debt reduction) is crucial for a complete financial picture.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data only gives total expenses. A detailed breakdown is necessary to accurately assess spending efficiency and ensure a high percentage of funds are directed towards direct program services, especially given the large revenue figures.
What are the specific programs and services provided by Genesis Housing Services?
As an NTEE L20 organization (Housing Development, Construction & Management), understanding the specific initiatives and impact of their housing services would provide context for their financial activities and asset growth.
Filing History
IRS 990 filing history for Genesis Housing Services showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Genesis Housing Services's revenue has grown by 3211.3%, moving from $190K to $6.3M. Total assets increased by 408.2% over the same period, from $3.4M to $17.3M. Total functional expenses rose by 89.5%, from $269K to $510K. In its most recent filing year (2023), Genesis Housing Services reported a surplus of $5.8M, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $17.3M in assets (debt-to-asset ratio: 26.1%), resulting in net assets of $12.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $510K | $17.3M | $4.5M | — | — |
| 2022 | $2.8M | $635K | $11.3M | $4.4M | — | View 990 |
| 2021 | $541K | $349K | $6.2M | $1.3M | — | View 990 |
| 2020 | $404K | $314K | $5.6M | $1.0M | — | — |
| 2019 | $560K | $351K | $5.5M | $1.0M | — | View 990 |
| 2018 | $379K | $310K | $6.0M | $1.5M | — | View 990 |
| 2017 | $364K | $307K | $5.7M | $1.2M | — | View 990 |
| 2016 | $436K | $235K | $5.4M | $1.0M | — | View 990 |
| 2015 | $625K | $262K | $4.7M | $547K | — | View 990 |
| 2014 | $281K | $262K | $4.5M | $679K | — | View 990 |
| 2013 | $635K | $264K | $4.3M | $507K | — | View 990 |
| 2012 | $589K | $247K | $3.9M | $509K | — | View 990 |
| 2011 | $190K | $269K | $3.4M | $306K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $510K, and assets of $17.3M (revenue +126.9% year-over-year).
- 2022: Revenue of $2.8M, expenses of $635K, and assets of $11.3M (revenue +414.0% year-over-year).
- 2021: Revenue of $541K, expenses of $349K, and assets of $6.2M (revenue +33.8% year-over-year).
- 2020: Revenue of $404K, expenses of $314K, and assets of $5.6M (revenue -27.9% year-over-year).
- 2019: Revenue of $560K, expenses of $351K, and assets of $5.5M (revenue +47.8% year-over-year).
- 2018: Revenue of $379K, expenses of $310K, and assets of $6.0M (revenue +4.2% year-over-year).
- 2017: Revenue of $364K, expenses of $307K, and assets of $5.7M (revenue -16.7% year-over-year).
- 2016: Revenue of $436K, expenses of $235K, and assets of $5.4M (revenue -30.2% year-over-year).
- 2015: Revenue of $625K, expenses of $262K, and assets of $4.7M (revenue +121.9% year-over-year).
- 2014: Revenue of $281K, expenses of $262K, and assets of $4.5M (revenue -55.7% year-over-year).
- 2013: Revenue of $635K, expenses of $264K, and assets of $4.3M (revenue +7.8% year-over-year).
- 2012: Revenue of $589K, expenses of $247K, and assets of $3.9M (revenue +209.2% year-over-year).
- 2011: Revenue of $190K, expenses of $269K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Housing Services:
Data Sources and Methodology
This transparency report for Genesis Housing Services 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.