Genesis Housing Inc
- Assets
- $1.5m
- Revenue
- $631.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Oregon, WI
- Founding
- 06/1973
- Data as of
- 12/2023
- EIN
- 23-7192709
Organization Overview
Genesis Housing Inc is located in Oregon, WI. The organization was established in 1973. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 Housing Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Genesis Housing Inc generated $631.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $473.9k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 7 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
TO PROVIDE LOW COST HOUSING FOR THE ELDERLY AND DISABLED USING RENT ASSISTANCE FROM USDA RURAL DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF 56 APARTMENT UNITS FOR LOW INCOME ELDERLY AND DISABLED
OPERATION OF 56 APARTMENT UNITS FOR LOW INCOME ELDERLY AND DISABLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Deininger Director | Trustee | $0 | |
Anne Delleman Director | Trustee | $0 | |
Bonnie Gilbertson Secretary | OfficerTrustee | $0 | |
Arthur Kurtz Director | Trustee | $0 | |
Deb Moyer Vice Preside | OfficerTrustee | $0 | |
Tim Olson President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $196,559 |
| 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 | $196,559 |
| Total Program Service Revenue | $431,920 |
| Investment income | $15,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $631,818 |
| 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 | $46,057 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,391 |
| Payroll taxes | $5,566 |
| Fees for services: Management | $46,584 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,500 |
| Advertising and promotion | $5,880 |
| Office expenses | $10,265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $491 |
| Interest | $20,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,187 |
| Insurance | $21,667 |
| All other expenses | $0 |
| Total functional expenses | $473,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,842 |
| Savings and temporary cash investments | $516,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,833 |
| 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 | $13,159 |
| Net Land, buildings, and equipment | $823,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,491,172 |
| Accounts payable and accrued expenses | $17,651 |
| Grants payable | $0 |
| Deferred revenue | $5,220 |
| 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 | $750,757 |
| Total liabilities | $773,628 |
| Net assets without donor restrictions | $230,992 |
| Net assets with donor restrictions | $486,552 |
| 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 | $1,491,172 |