2017-03-13T10:59:30-05:00 2016-06-30 232315910 BAUM SMITH & CLEMENS LLP 2128 N BROAD STREET LANSDALE PA 19446 990 2015-07-01 232785337 GENESIS HOUSING CORPORATION GENE 6102754357 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 JUDITH S MEMBERG EXECUTIVE DIRECTOR 6102754357 2017-02-27 1 LAUREN ZELNICK P01862932 2153685755 2017-02-27 2015 2021-01-29 14:40:06Z JUDITH S MEMBERG 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 1697802 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 4 20 0 0 598556 1608582 354564 89214 5 6 27050 0 980175 1697802 0 0 0 0 227560 224670 0 0 0 1031817 1394847 1259377 1619517 -279202 78285 554631 746870 109935 223889 444696 522981 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 1376047 43000 REHABILITATION OF AFFORDABLE HOMES TO IMPROVE AND STABILIZE NEIGHBORHOODS. REHAB OF OWNER OCCUPIED HOMES TO PROVIDE SAFE AND DECENT HOUSING FOR LOWER INCOME HOUSEHOLDS. REHABILITATION OF HISTORIC BUILDING TO CREATE AFFORDABLE APARTMENTS AND HELP REVITALIZE LOW INCOME NEIGHBORHOOD. CONSTRUCTION OF NEW APARTMENTS TO PROVIDE AFFORDABLE HOUSING IN UNDERSERVED AREAS OF MONTGOMERY COUNTY. 140767 17814 PROVIDE HUD CERTIFIED HOUSING COUNSELING SERVICES ON CREDIT, MONEY MANAGEMENT AND HOME BUYING. 1516814 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 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 1 0 0 0 1 2 0 4 1 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 1 0 1 0 PA X THE ORGANIZATION 6102754357 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 VICTOR DEPALLO PRESIDENT 2.00 X X 0 0 0 CAROLYN PRANTE VICE PRESIDENT 2.00 X X 0 0 0 ROBERT STEVENSON SECRETARY/TREASURER 3.00 X X 0 0 0 DAVID JACKSON DIRECTOR 1.00 X 0 0 0 HAKIM JONES DIRECTOR 1.00 X 0 0 0 SHARON MCMICHAEL DIRECTOR 1.00 X 0 0 0 SUSAN SHIBER DIRECTOR 1.00 X 0 0 0 JUDITH MEMBERG EXECUTIVE DIRECTOR 40.00 X 70065 0 9935 70065 0 9935 0 0 0 0 RELIANCE CROSSING LP 5 POWELL LANE COLLINGSWOOD NJ 08108 CONSTRUCTION COSTS 707267 BEECH STREET FACTORY LP 2 CANAL END ROAD UNIT 201E BRISTOL PA 19007 CONSTRUCTION COSTS 249866 2 1479787 128795 1608582 HOME SALES 531390 43000 43000 RENTAL OF PROPERTY 531110 28400 28400 CONSULTING INCOME 531390 17814 17814 89214 6 6 1697802 89214 0 6 80000 32002 47998 121385 110558 10827 3641 3317 324 3766 3766 15878 11542 4336 10259 10259 2604 2604 8876 8876 13911 10016 3895 3561 3561 1970 1970 2955 2955 10365 10365 8053 8053 HOME REHABILITATION COS 1280681 1280681 NEIGHBORHOOD ASSISTANCE 37016 37016 RENTAL PROPERTIES EXPEN 14596 14596 1619517 1516814 102703 0 37418 86328 26728 38166 177456 2879 2267 295503 31589 274279 263914 201889 190177 554631 746870 7443 142085 84606 78406 17886 3398 109935 223889 X 157309 290508 287387 232473 444696 522981 554631 746870 78285 0 X 0 1 X 1 1 1 X 880552 977040 579061 439556 1608582 4484791 880552 977040 579061 439556 1608582 4484791 212802 4271989 79 23 5 5 6 118 4484909 89214 0.95250 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 285078 21164 263914 10425 10425 0 263914 CONSTRUCTION IN PROGRESS 189117 SECURITY DEPOSITS 1060 190177 DEPOSITS 3398 3398 X PART X, LINE 2: THE ORGANIZATION IS REQUIRED TO RECOGNIZE, MEASURE, CLASSIFY, AND DISCLOSE IN THE CONSOLIDATED 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 CONSOLIDATED FINANCIAL STATEMENTS OR RELATED DISCLOSURES. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2012. FORM 990, PART VI, SECTION B, LINE 11 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 15A 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 NORISTOWN PA 19401 202417370 DEVELOP AFFORDABLE HOUSING PA GENESIS HOUSING CORPORATION 0 GENESIS BEECH STREET 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 475454874 DEVELOP AFFORDABLE HOUSING PA GENESIS HOUSING CORPORATION 0 GENESIS-RELIANCE INC 1430 DEKALB STREET SUITE 2020 NORRISTOWN PA 19401 473018896 DEVELOP AFFORDABLE HOUSING PA GENESIS HOUSING CORPORATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 2015 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.