Genesis Lifecare Corp

Organization Overview

Genesis Lifecare Corp is located in Longmeadow, MA. The organization was established in 2016. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Lifecare Corp 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 12/2021, Genesis Lifecare Corp generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GENESIS LIFECARE CORP. IS SUBSIDIZED HOUSING (HUD) THAT IS DESIGNED TO MEET THE NEEDS OF INDEPENDENT SENIORS WHO SEEK THE COMFORT, SECURITY, AND CONVENIENCES PROVIDED BY AN APARTMENT COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO OPERATE HOUSING FOR LOW INCOME ELDERLY TENANTS ON A NONPROFIT BASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Brad Foster
Treasurer
$0
Richard Chase
Clerk
$0
Stephen Krevalin
Chairman
$0
Adam Berman
President
$0
Barry Berman
CEO
$0
Michael Hirshberg
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,500,250
Investment income $536
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 $1,503,282

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