Genesis House Of Olean Inc
- Assets
- $725.8k
- Revenue
- $323.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Olean, NY
- Founding
- 03/1995
- Data as of
- 12/2022
- EIN
- 16-1457018
Organization Overview
Genesis House Of Olean Inc is located in Olean, NY. The organization was established in 1995. According to its NTEE Classification (P61) the organization is classified as: Travelers Aid, under the broad grouping of Human Services and related organizations. As of 12/2022, Genesis House Of Olean Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis House Of Olean Inc 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 12/2022, Genesis House Of Olean Inc generated $323.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $252.5k during the year ending 12/2022. While expenses have increased by 2.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SECURE AND TEMPORARY HOUSING AND SUPPORT SERVICES AS HOMELESS ADULTS AND FAMILIES TRANSITION TO MORE STABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE AND PROVIDE A TEMPORARY HOMELESS SHELER TO ADULTS AND FAMILIES IN NEED OF A HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Aaron Director | Trustee | 1 | $0 |
Paula Bernstein Director | Trustee | 1 | $0 |
Patty Cheek Director | Trustee | 1 | $0 |
Faith Hustak Director | Trustee | 1 | $0 |
Nicole Klopf Director | Trustee | 1 | $0 |
Alice Mcfarlin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,638 |
| Total Program Service Revenue | $117,540 |
| Investment income | $9,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,758 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $46,379 |
| Other salaries and wages | $91,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $379 |
| Fees for services: Other | $0 |
| Advertising and promotion | $180 |
| Office expenses | $5,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,330 |
| Insurance | $13,570 |
| All other expenses | $9,259 |
| Total functional expenses | $252,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,695 |
| Savings and temporary cash investments | $186,976 |
| Pledges and grants receivable | $0 |
| 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 | $1,593 |
| Prepaid expenses and deferred charges | $3,698 |
| Net Land, buildings, and equipment | $150,752 |
| Investments—publicly traded securities | $286,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,390 |
| Total assets | $725,792 |
| Accounts payable and accrued expenses | $7,010 |
| Grants payable | $0 |
| Deferred revenue | $52,325 |
| 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 | $0 |
| Total liabilities | $59,335 |
| Net assets without donor restrictions | $369,932 |
| Net assets with donor restrictions | $296,525 |
| 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 | $725,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Familyaid Boston Inc Boston, MA | $13,522,933 | $18,348,949 |
Travelers Aid Society Of Philadelphia Philadelphia, PA | $3,161,066 | $4,805,994 |
Travelers Aid Society Of Pittsburgh Pittsburgh, PA | $7,298,129 | $4,761,699 |
Genesis House Of Olean Inc Olean, NY | $725,792 | $323,037 |
Chaveirim Of Philadelphia Inc Philadelphia, PA | $0 | $0 |