Genesis Housing Services FY2023 filing

Tax-deductible

Yakima, WA501(c)(3)HousingEIN 20-1376916Revenue $6.3M in FY2023

On file with the IRScatholiccharitiescw.org5301 Tieton Dr Ste G, 98908-3479 · Yakima, WATax-exempt since Jan 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low & moderate income persons with Housing facilities & Services specially designed to meet their physical, social, & psychological needs & to promote their health, security, happiness & usefulness in longer living.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.7M a year · 71% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
36 mo
of spending, in cash
Looks good: 36.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.5M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
+127% vs prior year
Spent
$510K
To programs
100%
Net assets
$12.8M
By yearFY2020–FY2024
Revenue
$6.3M
FY2023▲ +127%
Tap a bar for its year
Revenue by fiscal year
FY2020$404K
FY2021$541K
FY2022$2.8M
FY2023$6.3M
FY2024$1.6M
Expenses
$510K
FY2023▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$314K
FY2021$349K
FY2022$635K
FY2023$510K
FY2024$1.5M
Net assets
$12.8M
FY2023▲ +83%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.6M
FY2021$4.8M
FY2022$7.0M
FY2023$12.8M
FY2024$12.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $510K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair Person
$0Pt VII · Sec A
See Genesis Housing Services executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing and services for seniors, promoting health, happiness, and usefulness.

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Provided by the organization

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1 program · $510K · in their own filed words · FY2023
01

Genesis housing services provides affordable housing opportunities to low- income households especially housing for agricultural workers and their families. Genesis housing services contracts with catholic charities housing services to provide develop services, asset and property management services as well as resident services to…

$510Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Gifts and grantsLn 1h$5.9M
Fees for servicesLn 2g$311K
Investment incomeLn 3$69K
Money outPt IX
$510K
Ln 25
Programscol B$510K
Owns and owesPt X
$12.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$17.3M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.9M
Fees for servicesLn 2g$311K
Investment incomeLn 3$69K
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$117K
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$13.7M
Other assetsLn 15$2.0M
Total assetsLn 16$17.3M
LiabilitiesLn 26$4.5M
Net assetsLn 32$12.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$680K$1.5M
Land, buildings, equipmentLn 10c$2.9M$13.7M
Total assetsLn 16$11.3M$17.3M
LiabilitiesLn 26$4.4M$4.5M
Net assetsLn 32$7.0M$12.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$25K$25K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$21K$21K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$149$149
Office expensesLn 13$13K$13K
OccupancyLn 16$176K$176K
TravelLn 17$2K$2K
InterestLn 20$29K$29K
Depreciation, depletion and amortizationLn 22$161K$161K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$19K$19K
Total functional expensesLn 25$510K$510K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.5M$44K$12.8M 990 PDF
FY2023 Viewing $6.3M$510K$5.8M$12.8M 990 PDF
FY2022 $2.8M$635K$2.1M$7.0M 990 PDF
FY2021 $541K$349K$191K$4.8M 990 PDF
FY2020 $404K$314K$90K$4.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $6,303,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,414,253$5,923,472
I-9 Program service revenuePrior year $288,627$310,637
I-10 Investment incomePrior year $75,656$69,339
I-11 Other revenue$0
I-12 Total revenuePrior year $2,778,536$6,303,448
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $21,124$28,167
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $614,029$481,609
I-18 Total expensesPrior year $635,153$509,776
I-19 Revenue less expensesPrior year $2,143,383$5,793,672
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,303,448 across 5 lines filed
VIII-1f All other contributions, gifts and grants$5,923,472
VIII-1h Total contributions, gifts and grants$5,923,472
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $310,637$310,637
VIII-3 Investment incomeExcluded from tax $69,339$69,339
VIII-12 Total revenueRelated to mission $310,637 · Excluded from tax $69,339$6,303,448
Part IX · Statement of functional expenses $509,776 across 14 lines filed
IX-7 Other salaries and wagesPrograms $24,546$24,546
IX-10 Payroll taxesPrograms $3,621$3,621
IX-11a Management feesPrograms $21,406$21,406
IX-11b Legal feesPrograms $1,033$1,033
IX-11c Accounting feesPrograms $31,451$31,451
IX-11g Other fees for servicesPrograms $4,190$4,190
IX-12 Advertising and promotionPrograms $149$149
IX-13 Office expensesPrograms $13,050$13,050
IX-16 OccupancyPrograms $175,557$175,557
IX-17 TravelPrograms $1,638$1,638
IX-20 InterestPrograms $29,319$29,319
IX-22 Depreciation, depletion and amortizationPrograms $161,185$161,185
IX-23 InsurancePrograms $24,125$24,125
IX-24 Other expenses (24a–d)Programs $18,506$18,506
IX-25 Total functional expensesPrograms $509,776 · Management $0 · Fundraising $0$509,776
Part X · Balance sheet $17,268,272 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $562,625$1,421,138
X-2 Savings and temporary cash investmentsStart of year $117,448$117,448
X-4 Accounts receivableStart of year $8,934$19,597
X-9 Prepaid expenses and deferred charges$9,258
X-10c Land, buildings and equipment, netStart of year $2,877,940$13,656,451
X-15 Other assetsStart of year $7,763,730$2,044,380
X-16 Total assetsStart of year $11,330,677$17,268,272
X-17 Accounts payable and accrued expensesStart of year $15,215$15,732
X-18 Grants payable$420,547
X-19 Deferred revenue$11,799
X-25 Other liabilitiesStart of year $1,843,698$1,564,723
X-26 Total liabilitiesStart of year $4,365,843$4,509,766
X-27 Net assets without donor restrictionsStart of year $6,060,804$11,854,476
X-28 Net assets with donor restrictionsStart of year $904,030$904,030
X-32 Total net assets or fund balancesStart of year $6,964,834$12,758,506
X-33 Total liabilities and net assetsStart of year $11,330,677$17,268,272
Part XI · Reconciliation of net assets $12,758,506 net assets at year end
XI-1 Total revenue$6,303,448
XI-2 Total expenses$509,776
XI-3 Revenue less expenses$5,793,672
XI-4 Net assets at start of year$6,964,834
XI-10 Net assets at end of year$12,758,506

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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