Genesis Foundation Inc in Valparaiso, Indiana (IN)
Table of contents:
| Genesis Foundation Inc | |
| Employer Identification Number (EIN) | 352114498 |
| Name of Organization | Genesis Foundation Inc |
| In Care of Name | Kelly Schwedland |
| Address | 259 Indiana Ave, Valparaiso, IN 46383-5573 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 11/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $801,779 |
| Amount of Income | $2,070,161 |
| Form 990 Revenue Amount | $344,052 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Expense Reduction Support |
Non-representatives - add comments:
Amount of income in 2012: $2,070,161 (it was $787,152 in 2011)
| This organization: | $2,070,161 |
| Other organizations performing similar types of work: | $300,830 |
Assets in 2012: $801,779 (it was $1,494,294 in 2011)
| This organization: | $801,779 |
| Other organizations performing similar types of work: | $497,890 |
Expenses in 2012: $892,258
| Genesis Foundation Inc: | $892,258 |
| Other organizations performing similar types of work: | $165,009 |
Income to expenses ratio in 2012: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 1.1 |
Number of employees in 2012: 5
| This organization: | 5 |
| Other organizations performing similar types of work: | 1 |
Employees paid over $100,000 in 2012: 40.0%
| This organization: | 40.0% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $344,052 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $4,709 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $339,285 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $2,065,394 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $1,726,109 / $0 |
| Gain or (loss) (Securities / Other) | $339,285 / $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $58 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $892,258 |
| Compensation of current officers, directors, trustees, and key employees | $240,000 |
| Other salaries and wages | $107,516 |
| Payroll taxes | $27,317 |
| Professional fundraising services | $0 |
| Other | $517,425 |
| Balance Sheet (for 2012) | |
| Total assets | $801,779 |
| Total liabilities | $17,851 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $17,851 |
| Total net assets or fund balances | $783,928 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $243,292,431 |
| Gifts, grants, contributions, and membership fees received | $243,066,626 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $225,805 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Choctaw Home Finance Corporation | 1005 S 5th St, Hugo, OK 74743 | OK | 2007-08 | $2,639,836 |
| 2 | Snap Financial Access | 3102 W Fort George Wright Dr, Spokane, WA 99224-5203 | WA | 2007-10 | $2,086,695 |
| 3 | Genesis Foundation Inc | 259 Indiana Ave, Valparaiso, IN 46383-5573 | IN | 2000-11 | $2,070,161 |
| 4 | Tri-County Housing Council | PO BOX 451, Big Flats, NY 14814-0451 | NY | 1975-08 | $1,255,248 |
| 5 | Urban Housing Of America Inc Louisiana | PO BOX 3401, Shreveport, LA 71133-3401 | LA | 1998-05 | $764,995 |
| 6 | Tallahassee Lenders Consortium Inc | 224 Office Plz, Tallahassee, FL 32301-2808 | FL | 1994-08 | $703,565 |
| 7 | United Neighborhoods Inc | 5209 Hohman Avenue Suite 203-205, Hammond, IN 46320-1719 | IN | 1998-03 | $700,266 |
| 8 | Westside Ministries Inc | 301 14th Street, Buffalo, NY 14213-2446 | NY | 2002-11 | $674,258 |
| 9 | Orange County Housing Trust Inc, Orange County Housing Trust | 128 E Katella Ave, Orange, CA 92867-4836 | CA | 2011-06 | $537,279 |
| 10 | Commonwealth Community Development Services | 6336 Avon Rd, Norfolk, VA 23513-3302 | VA | 2009-03 | $463,163 |
| 11 | Hope Of Evansville Inc | 401 Se 6th St Ste 206, Evansville, IN 47713-1216 | IN | 1968-03 | $412,571 |
| 12 | Oklahoma Housing Foundation | 9807 No Broadway, Oklahoma City, OK 73114 | OK | 2008-06 | $393,092 |
| 13 | Gvec Charitable Foundation | 825 E Sarah Dewitt Drive, Gonzales, TX 78629 | TX | 2012-06 | $357,830 |
| 14 | Sense Of Security Inc | 1385 S Colorado Blvd Ste A302, Denver, CO 80222-3304 | CO | 2000-10 | $333,342 |
| 15 | Steele County Transitional Housing Inc | 560 Dunnell Dr Ste 212 Merrill Bldg, Owatonna, MN 55060-4710 | MN | 2000-07 | $300,830 |
| 16 | Chariton Valley Regional Housing Trust Fund Inc | 115 S Main St, Chariton, IA 50049-1842 | IA | 2011-02 | $293,523 |
| 17 | Wigamig Owners Loan Fund Inc | Po Box 580 705 Peace Pipe Road, Lac Du Flambeau, WI 54538 | WI | 2007-11 | $233,922 |
| 18 | Jeffersonville Housing Services Corporation | 206 Eastern Blvd, Jeffersonvlle, IN 47130-2802 | IN | 1997-07 | $5 |
| 19 | Ag Housing Of Central Indiana Inc | 2618 Bethel Ave, Indianapolis, IN 46203-3035 | IN | 1996-07 | $0 |
| 20 | Comharsa Foundation Inc | 323 Village Square, Burns Harbor, IN 46304 | IN | 2005-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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