Genesee Community College Foundation Housing Services Inc is located in Batavia, NY. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Genesee Community College Foundation Housing Services Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesee Community College Foundation Housing Services 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 08/2023, Genesee Community College Foundation Housing Services Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.3m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
PROVISION OF FACILITIES TO THE COLLEGE, STUDENTS, FACULTY, AND STAFF OF GENESEE COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED STUDENT HOUSING AND RESIDENTIAL SERVICES TO GENESEE COMMUNITY COLLEGE STUDENTS. APPROXIMATELY 319 STUDENTS SERVED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Norbert J Fuest President | OfficerTrustee | 1 | $0 |
Robert J Bennett Vice President | OfficerTrustee | 1 | $0 |
Patrick C Forsyth Treasurer | OfficerTrustee | 1 | $0 |
Dr James M Sunser Secretary | OfficerTrustee | 1 | $0 |
Todd Jbender Director | Trustee | 1 | $0 |
Thomas A Cox Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
John Savoy & Son Inc Contract Furniture | 8/30/15 | $125,417 |
Apogee Telecom Inc Monthly Internet Service Fee | 8/30/15 | $218,281 |
Whitney East Construction Contractor | 8/30/15 | $466,579 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $150,000 |
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 | $150,000 |
Total Program Service Revenue | $2,372,887 |
Investment income | $16,126 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$5,526 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,554,355 |
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 | $0 |
Other salaries and wages | $324,934 |
Pension plan accruals and contributions | $27,185 |
Other employee benefits | $49,524 |
Payroll taxes | $22,515 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,554 |
Fees for services: Other | $161,906 |
Advertising and promotion | $0 |
Office expenses | $235,262 |
Information technology | $5,779 |
Royalties | $0 |
Occupancy | $163,946 |
Travel | $177 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $435,655 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $414,077 |
Insurance | $103,554 |
All other expenses | $52,393 |
Total functional expenses | $2,291,987 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $87,888 |
Savings and temporary cash investments | $247,782 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $45,337 |
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 | $8,424 |
Net Land, buildings, and equipment | $10,542,783 |
Investments—publicly traded securities | $374,729 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $396,158 |
Total assets | $11,703,101 |
Accounts payable and accrued expenses | $42,420 |
Grants payable | $0 |
Deferred revenue | $19,861 |
Tax-exempt bond liabilities | $3,105,480 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $4,738,718 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $90,000 |
Total liabilities | $7,996,479 |
Net assets without donor restrictions | $3,706,622 |
Net assets with donor restrictions | $0 |
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 | $11,703,101 |