Genesis Harbor Of Opportunities Promoting Excellent
- Assets
- $736.6k
- Revenue
- $770.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Detroit, MI
- Founding
- 07/2009
- Data as of
- 01/2023
- EIN
- 26-3632021
Organization Overview
Genesis Harbor Of Opportunities Promoting Excellent, operating under the name Genesishope, is located in Detroit, MI. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 01/2023, Genesishope employed 7 individuals. This organization is the central organization for a national or regional group of organizations. Genesishope 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 01/2023, Genesishope generated $770.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $415.8k during the year ending 01/2023. While expenses have increased by 8.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY HEALTH & DEVELOPMENT PROGRAMS, SERVICES, AND INTERVENTIONS ARE OFFERED TO PROMOTE HEALTHY LIVING TO PREVENT AND/OR BETTER MANAGE DIET RELATED CHRONIC DISEASES, AND MOST IMPORTANTLY, ADDRESS THE SOCIAL RISK FACTORS THAT IMPACT HEALTH OUTCOMES. WE ORGANIZE, EDUCATE AND EMPOWER STAKEHOLDERS TO WORK COLLECTIVELY TO CHANGE POLICIES, SYSTEMS, AND ENVIRONMENTS THAT ADVERSELY AFFECT BLACK, LATINO AND INDIGENOUS PEOPLE OF COLOR FROM BEING AS HEALTHY AS POSSIBLE. ECONOMIC DEVELOPMENT CREATES HEALTHY RESILIENT COMMUNITIES, PROVIDING LOW TO MODERATE INCOME AND AFFORDABLE HOUSING AND COMMERCIAL SPACES, AS WELL AS OPEN GREEN SPACES. YOUTH DEVELOPMENT FOCUSES WORKFORCE READINESS, SUMMER EMPLOYMENT, AND COLLEGE AND CAREER EXPLORATION TO PREPARE YOUTH FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTH & DEVELOPMENT - PROGRAMS, SERVICES AND INTERVENTIONS ARE OFFERED TO PROMOTE HEALTHY LIVING THAT PREVENTS AND/OR BETTER MANAGES DIET RELATED CHRONIC DISEASES. WE ORGANIZE, EDUCATE AND EMPOWER STAKEHOLDERS TO WORK COLLECTIVELY TO CHANGE POLICIES, SYSTEMS AND ENVIRONMENTS THAT ADVERSELY AFFECT BLACK, LATINO AND INDIGENOUS PEOPLE OF COLOR.
ECONOMIC DEVELOPMENT CREATE HEALTHY RESILIENT COMMUNITIES, PROVIDING LOW TO MODERATE INCOME AND AFFORDABLE HOUSING AND COMMERCIAL SPACES, AS WELL AS OPEN GREEN SPACES.
YOUTH DEVELOPMENT WORKFORCE READINESS AND COLLEGE AND CAREER EXPLORATION PROGRAMS TO PREPARE YOUTH FOR SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Grant Director | Trustee | $0 | |
Jeanine Hatcher Executive Di | Officer | 40 | $0 |
Conya Hall Treasurer | Officer | $0 | |
Martha Potere President | Officer | $0 | |
Belinda Gilmore Vice Preside | Officer | $0 | |
Lauren Boone Secretary | Officer | $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 | $750,108 |
| Noncash contributions included in lines 1a–1f | $8,490 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,108 |
| Total Program Service Revenue | $20,510 |
| Investment income | $71 |
| 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 | $770,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,750 |
| Grants and other assistance to domestic individuals. | $6,858 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,851 |
| Payroll taxes | $9,978 |
| Fees for services: Management | $98,374 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,146 |
| Advertising and promotion | $0 |
| Office expenses | $40,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,530 |
| Travel | $4,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,980 |
| Insurance | $4,553 |
| All other expenses | $367 |
| Total functional expenses | $415,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,185 |
| Savings and temporary cash investments | $251,337 |
| Pledges and grants receivable | $275,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $736,590 |
| Accounts payable and accrued expenses | $5,378 |
| Grants payable | $0 |
| Deferred revenue | $82,154 |
| 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 | $10,000 |
| Total liabilities | $97,532 |
| Net assets without donor restrictions | $339,058 |
| Net assets with donor restrictions | $300,000 |
| 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 | $736,590 |