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.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $28K a year · 36% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$120K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35K
-9% vs prior year
Spent
$25K
To programs
98%
Net assets
$79K
By yearFY2020–FY2024
Revenue
$35K
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$146K
FY2021$122K
FY2022$47K
FY2023$39K
FY2024$35K
Expenses
$25K
FY2024▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$149K
FY2022$71K
FY2023$33K
FY2024$25K
Net assets
$79K
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$112K
FY2021$86K
FY2022$62K
FY2023$68K
FY2024$79K

From the FY2024 Form 990 (year ending September 2024) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2008.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $25K Management & general 2% · $465

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
President CEO
$0Pt VII · Sec A

Tim Hensley’s $28K as President CEO is at the 59th percentile of top reported officer pay among 202 <$100K human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Tim Hensley$28,000$84,000$78,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps families with housing finances, education, and debt management.

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Provided by the organization

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1 program · $25K · in their own filed words · FY2023
01

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…

$25Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$35K
Ln 12
Fees for servicesLn 2g$35K
Investment incomeLn 3$19
Money outPt IX
$25K
Ln 25
Programscol B$25K
Managementcol C$465
Owns and owesPt X
$79K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$198K
LiabilitiesLn 26$120K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$35K
Investment incomeLn 3$19
Total revenueLn 12$35K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$934
Cash and savings togetherLn 1–2$9K
Other assetsLn 15$179K
Total assetsLn 16$198K
LiabilitiesLn 26$120K
Net assetsLn 32$79K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5K$9K
Total assetsLn 16$193K$198K
LiabilitiesLn 26$125K$120K
Net assetsLn 32$68K$79K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$10K$10K
Information technologyLn 14$105$105
OccupancyLn 16$7K$7K
InterestLn 20$360$360
Other expenses (24a–d)Ln 24$897$897
All other expensesLn 24e$576$576
Total functional expensesLn 25$25K$25K$465$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $35K$25K$10K$79K 990 PDF
FY2023 $39K$33K$7K$68K 990 PDF
FY2022 $47K$71K−$24K$62K 990 PDF
FY2021 $122K$149K−$27K$86K 990 PDF
FY2020 $146K$253K−$107K$112K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $35,452 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $39,119$35,433
I-10 Investment incomePrior year $20$19
I-11 Other revenue$0
I-12 Total revenuePrior year $39,139$35,452
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,531$25,225
I-18 Total expensesPrior year $32,531$25,225
I-19 Revenue less expensesPrior year $6,608$10,227
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $35,452 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,433$35,433
VIII-3 Investment incomeExcluded from tax $19$19
VIII-12 Total revenueRelated to mission $35,433 · Unrelated business $0 · Excluded from tax $19$35,452
Part IX · Statement of functional expenses $25,225 across 7 lines filed
IX-12 Advertising and promotionPrograms $5,959$5,959
IX-13 Office expensesPrograms $10,297$10,297
IX-14 Information technologyManagement $105$105
IX-16 OccupancyPrograms $7,031$7,031
IX-20 InterestManagement $360$360
IX-24 Other expenses (24a–d)Programs $897$897
IX-24e All other expensesPrograms $576$576
IX-25 Total functional expensesPrograms $24,760 · Management $465 · Fundraising $0$25,225
Part X · Balance sheet $198,147 assets, 10 lines filed
Asset lines not itemized here account for $8,519; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,488$8,188
X-2 Savings and temporary cash investmentsStart of year $932$934
X-9 Prepaid expenses and deferred charges$1,045
X-15 Other assetsStart of year $179,461$179,461
X-16 Total assetsStart of year $193,400$198,147
X-18 Grants payableStart of year $119,595$119,595
X-26 Total liabilitiesStart of year $125,076$119,595
X-27 Net assets without donor restrictionsStart of year $68,324$78,552
X-32 Total net assets or fund balancesStart of year $68,324$78,552
X-33 Total liabilities and net assetsStart of year $193,400$198,147
Part XI · Reconciliation of net assets $78,552 net assets at year end
XI-1 Total revenue$35,452
XI-2 Total expenses$25,225
XI-3 Revenue less expenses$10,227
XI-4 Net assets at start of year$68,324
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$78,552

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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