Genesee Housing
- Assets
- $5.2m
- Revenue
- $532.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 91-2169417
Organization Overview
Genesee Housing is located in Seattle, WA. The organization was established in 2002. 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. Genesee Housing 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, Genesee Housing generated $532.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $687.6k during the year ending 12/2022. While expenses have increased by 28.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCT, OWN AND MANAGE LOW-INCOME HOUSING FOR PERSONS WITH PHYSICAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Watkins President | 1 | $0 | |
Aki Amanuel Vice President | 1 | $0 | |
Muslim Man Secretary-Treasurer | 1 | $0 | |
Kellanne Henry Director | 1 | $0 | |
Bobby Musterman Director | 1 | $0 | |
Michelle Hawley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $532,364 |
| Total Revenue | $532,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $88,230 |
| Pension plans, employee benefits | $16,044 |
| Interest | $77,425 |
| Taxes | $9,081 |
| Depreciation | $188,484 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $293,062 |
| Total operating and administrative expenses | $687,585 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $687,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,904 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,312 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,072 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,546,423 |
| Other assets | $0 |
| Total assets | $5,158,711 |
| Accounts payable and accrued expenses | $69,508 |
| Grants payable | $14,663 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $5,169,093 |
| Other liabilities | $339,632 |
| Total liabilities | $5,592,896 |