2020-02-24T12:04:41-06:00 2019-06-30 232315910 BAUM SMITH & CLEMENS LLP 2060 DETWILER RD SUITE 125 HARLEYSVILLE PA 19438 990 2018-07-01 232785337 GENESIS HOUSING CORPORATION GENE 6102754357 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 JUDITH S MEMBERG EXECUTIVE DIRECTOR 6102754357 2020-02-04 1 ROSE HARTLE CPA P00452518 2153685755 2020-02-04 X 64.88.174.3 2020-02-04 10:57:42 ES P 3084E8AF25D34672FD73A57B8CE6EC6E65A2A275 BB10D19AC5FF46481F8FF618001F0C3F0DA33A65 2018 2020-04-17 16:48:07Z JUDITH S MEMBERG 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 594381 0 X WWW.GENESISHOUSING.ORG X 1994 PA DEVELOPMENT OF AFFORDABLE HOUSING, REVITALIZATION OF NEIGHBORHOODS & EDUCATION OF CONSUMERS ON HOUSING AND FINANCIAL ISSUES. 7 7 5 20 0 0 1257405 481429 317122 112881 466 71 0 0 1574993 594381 0 0 0 0 227603 218735 0 0 0 944951 431927 1172554 650662 402439 -56281 1215457 998765 191990 31579 1023467 967186 GENESIS HOUSING CORPORATION IS DEDICATED TO THE DEVELOPMENT OF AFFORDABLE HOUSING, REVITALIZATION OF NEIGHBORHOODS AND TO THE EDUCATION OF CONSUMERS ON HOUSING AND FINANCIAL ISSUES. 0 0 439712 99750 RENOVATION: GENESIS HOUSING CORPORATION REHABS PROPERTIES TO PROVIDE SAFE, DECENT AND AFFORDABLE HOMES FOR LOWER INCOME HOUSEHOLDS. PROPERTIES REHABBED HELP TO IMPROVE AND STABILIZE NEIGHBORHOODS. OWNER-OCCUPIED HOMES ARE RENOVATED TO PROVIDE SAFE AND DECENT HOUSING FOR LOWER INCOME HOMEOWNERS. COLLABORATIONS: GENESIS HOUSING CORPORATION WORKS WITH PARTNERS TO REHAB LARGER VACANT PROPERTIES TO CREATE AFFORDABLE RENTAL UNITS. GENESIS HOUSING CORPORATION ALSO PROVIDES CONSULTING SERVICES TO ASSIST OTHER NON-PROFIT ORGANIZATION COMPLETE RENOVATION PROJECTS. 127523 13131 PROVIDE HUD CERTIFIED HOUSING COUNSELING SERVICES ON CREDIT, MONEY MANAGEMENT AND HOME BUYING. 567235 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 PA X THE ORGANIZATION 6102754357 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 CAROLYN PRANTE PRESIDENT 3.00 X X 0 0 0 SUSAN SHIBER VICE PRESIDENT 1.50 X X 0 0 0 ROBERT STEVENSON SECRETARY/TREASURER 3.50 X X 0 0 0 BRIAN BILLINGS DIRECTOR 1.50 X 0 0 0 AL GRYGA DIRECTOR 1.50 X 0 0 0 SHARON MCMICHAEL DIRECTOR 1.50 X 0 0 0 ANNA JOHNSON DIRECTOR 1.50 X 0 0 0 JUDITH MEMBERG EXECUTIVE DIRECTOR 40.00 X 69636 0 14594 69636 0 14594 0 0 0 0 0 368560 112869 481429 DEVELOPER FEES 531390 52164 52164 RENTAL OF PROPERTY 531110 47586 47586 CONSULTING INCOME 531390 13131 13131 112881 71 71 594381 112881 0 71 80606 40303 40303 120237 108970 11267 2524 2287 237 15368 11730 3638 11050 11050 9837 6355 3482 13466 9438 4028 770 770 6 6 25993 25993 8652 8652 HOME REHAB COSTS 287281 287281 RENTAL PROPERTIES EXP 52121 52121 NEIGHBORHOOD ASSISTANCE 22751 22751 650662 567235 83427 0 186390 214573 130728 23681 197021 50780 5069 4262 721515 93220 654288 628295 41961 77174 1215457 998765 173693 25988 14391 0 106 106 3800 5485 191990 31579 X 390922 456984 632545 510202 1023467 967186 1215457 998765 -56281 0 X 0 1 X 1 0 X 439556 1608582 1220538 1257405 481429 5007510 439556 1608582 1220538 1257405 481429 5007510 202339 4805171 5 6 6 466 71 554 5008064 693669 0.95950 0.94110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 708960 82422 626538 10425 10425 0 2130 373 1757 628295 CONSTRUCTION IN PROGRESS 60341 SECURITY DEPOSITS 1060 OTHER ASSETS 15773 77174 DEPOSITS 5485 5485 X 594381 0 594381 0 594381 650662 0 650662 0 650662 PART X, LINE 2: THE ORGANIZATION IS REQUIRED TO RECOGNIZE, MEASURE, CLASSIFY, AND DISCLOSE IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND FORM 990 ARE SENT TO BOARD TREASURER TO REVIEW & APPROVE PRIOR TO SENDING TO THE ENTIRE BOARD. THE BOARD REVIEWS THE AUDIT AND FORM 990 AT A BOARD MEETING AND FORMALLY ACCEPTS THE DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 12 ANNUALLY COMPLETE/UPDATE THE COMPLIANCE FORM TO DISCLOSE ANY CONFLICTS OF INTEREST AND ARE REQUIRED TO DISCLOSE A CHANGE IF IT OCCURS IN THE INTERIM FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE REVIEWED AND APPROVED BY THE BOARD FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST WARREN HOUSING DEVELOPMENT INC 1430 DEKALB STREET NORRISTOWN PA 19401 202417370 DEVELOP AFFORDABLE HOUSING PA GENESIS HOUSING CORPORATION 0 RELIANCE CROSSING LIMITED PARTNERSHIP 5 POWELL LANE COLLINGSWOOD NJ 08108 DEVELOPMENT OF LOW INCOME HOUSING NJ GENESIS RELIANCE INC -23 1 1 BEECH STREET FACTORY LP 2 CANAL END ROAD UNIT 201-E BRISTOL PA 19007 475474842 DEVELOPMENT OF LOW INCOME HOUSING PA GENESIS BEECH STREET -19 1 1 GENESIS BEECH STREET 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 475454874 GENERAL PARTNER FOR DEVELOPMENT OF LOW INCOME HOUSING PA GENESIS HOUSING CORPORATION C 0 GENESIS-RELIANCE INC 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 473018896 GENERAL PARTNER FOR DEVELOPMENT OF LOW INCOME HOUSING PA GENESIS HOUSING CORPORATION C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 BEECH STREET FACTORY LP S 65114 CASH PAID SCHEDULE R PART II FOR INFORMATIONAL PURPOSES ONLY: GENESIS HOUSING CORPORATION AMONG OTHERS IS PARTY TO AN AGREEMENT INVOLVING WELLS FARGO BANK N.A. AS A CONDITION OF THAT AGREEMENT WELLS FARGO BANK N.A. HAS A REQUIREMENT THAT GENESIS HOUSING CORPORATION INCLUDE CERTAIN INFORMATION WITH THE FILING OF ITS FORM 990. THE FOLLOWING INFORMATION IS PRESENTED PURSUANT TO THAT REQUIREMENT. GENESIS HOUSING CORPORATION IS THE SOLE SHAREHOLDER OF GENESIS RELIANCE INC. A PENNSYLVANIA NOT FOR PROFIT STOCK CORPORATION. GENESIS RELIANCE INC. MADE THE FOLLOWING ELECTION ON ITS INITIAL RETURN. GENESIS RELIANCE INC. GENERAL ELECTION: ELECTION NOT TO BE TREATED AS EXEMPT ENTITY SECTION 168(H)(6)(F)(II) IRS CODE THE TAXPAYER HEREBY ELECTS TO HAVE ANY GAIN RECOGNIZED BY ITS TAX EXEMPT PARENT ON ANY DISPOSITION OF ANY INTEREST IN THE TAXPAYER (AND TREAT ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM THE TAXPAYER) AS UNRELATED BUSINESS TAXABLE INCOME UNDER CODE SECTION 511 IN ORDER FOR THE TAXPAYER NOT TO BE TREATED AS A "TAX-EXEMPT ENTITY" (OR AS A SUCCESSOR TO A TAX EXEMPT ENTITY) UNDER SECTION 168 (H)(6)(F)(II) OF THE IRS. THIS ELECTION IS IRREVOCABLE. GENESIS BEECH STREET MADE THE FOLLOWING ELECTION ON ITS INITIAL TAX RETURN: GENESIS BEECH STREET, A NONPROFIT SUBSIDIARY OF GENESIS HOUSING CORPORATION, A PENNSYLVANIA NONPROFIT CORPORATION, HEREBY ELECTS, PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F), THAT THE ENTITY SHALL NOT BE TREATED AS A TAX-EXEMPT ENTITY AND ANY GAIN RECOGNIZED BY THE TAX EXEMPT ENTITY ON ANY DISPOSITION OF AN INTEREST IN SUCH ENTITY (AND ANY DIVIDEND OR INTEREST RECEIED OR ACCRUED BY THE TAX EXEMPT ENTITY FROM SUCH TAX-EXEMPT CONTROLLED ENTITY) SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME UNDER INTERNAL REVENUE CODE SECTION 511. THIS ELECTION IS IRREVOCABLE. ADDITIONAL INFORMATION FOR SCHEDULE R PART III COLUMN K: THE PROGRAM ONLY ALLOWS 2 DECIMAL POINTS FOR PERCENTAGE OF OWNERSHIP - BELOW ARE THE ACTUAL PERCENTAGES: RELIANCE CROSSING LIMITED PARTNERSHIP .0051000% BEECH STREET FACTORY LP .0049000%