Civic Intelligence

Genesis Fund

990 • Fiscal year 2014 • EIN 01-0461436

Apr 01, 2013 to Mar 31, 2014 • Filed on Sep 23, 2014

Organization Profilewww.genesisfund.org

View Organization Page

PO Box 609Brunswick, ME 04543

(207) 563-6073

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.75x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

13.48x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

18th percentile

-6.6%

Higher net margin than 18% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

18th percentile

$84,785

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

87th percentile

21%

Faster asset growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-39%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$12,075,046

Up $2,134,930 (+21%) from 2013

Net Assets

Down

$3,029,694

Down $44,281 (-1.4%) from 2013

Liabilities

Up

$9,045,352

Up $2,179,211 (+32%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin18th percentile

Revenue

Down

$671,268

Down $434,513 (-39%) from 2013

Expenses

Up

$715,549

Up $95,078 (+15%) from 2013

Net Income

Down

-$44,281

Down $529,591 (-109%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $7,441,723Liabilities 2011: $4,860,144Net Assets 2011: $2,581,5792011Assets 2012: $8,172,287Liabilities 2012: $5,583,622Net Assets 2012: $2,588,6652012Assets 2013: $9,940,116Liabilities 2013: $6,866,141Net Assets 2013: $3,073,9752013Assets 2014: $12,075,046Liabilities 2014: $9,045,352Net Assets 2014: $3,029,6942014Assets 2015: $13,901,148Liabilities 2015: $10,967,228Net Assets 2015: $2,933,9202015Assets 2016: $15,293,029Liabilities 2016: $12,319,845Net Assets 2016: $2,973,1842016Assets 2017: $16,715,651Liabilities 2017: $13,281,469Net Assets 2017: $3,434,1822017Assets 2018: $17,673,085Liabilities 2018: $13,730,483Net Assets 2018: $3,942,6022018Assets 2019: $21,871,044Liabilities 2019: $16,573,806Net Assets 2019: $5,297,2382019Assets 2020: $27,181,863Liabilities 2020: $20,675,694Net Assets 2020: $6,506,1692020Assets 2021: $32,765,615Liabilities 2021: $24,693,281Net Assets 2021: $8,072,3342021Assets 2022: $38,143,317Liabilities 2022: $26,974,455Net Assets 2022: $11,168,8622022Assets 2023: $46,225,096Liabilities 2023: $33,331,652Net Assets 2023: $12,893,4442023Assets 2024: $53,555,012Liabilities 2024: $38,755,132Net Assets 2024: $14,799,8802024Assets 2025: $66,598,190Liabilities 2025: $48,697,540Net Assets 2025: $17,900,6502025

Highlighted filing

2014

Assets$12,075,046
Liabilities$9,045,352
Net Assets$3,029,694
Open 2014 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $905,5502011Expenses 2012: $523,6212012Revenue 2013: $1,105,781Expenses 2013: $620,471Net Income 2013: $485,3102013Revenue 2014: $671,268Expenses 2014: $715,549Net Income 2014: -$44,2812014Revenue 2015: $686,737Expenses 2015: $782,511Net Income 2015: -$95,7742015Revenue 2016: $919,682Expenses 2016: $875,428Net Income 2016: $44,2542016Revenue 2017: $1,531,012Expenses 2017: $1,070,014Net Income 2017: $460,9982017Revenue 2018: $1,804,553Expenses 2018: $1,296,133Net Income 2018: $508,4202018Revenue 2019: $2,740,892Expenses 2019: $1,386,257Net Income 2019: $1,354,6352019Revenue 2020: $3,876,573Expenses 2020: $2,667,642Net Income 2020: $1,208,9312020Revenue 2021: $3,745,329Expenses 2021: $2,179,164Net Income 2021: $1,566,1652021Revenue 2022: $5,192,917Expenses 2022: $2,096,389Net Income 2022: $3,096,5282022Revenue 2023: $5,492,811Expenses 2023: $3,768,229Net Income 2023: $1,724,5822023Revenue 2024: $4,780,412Expenses 2024: $2,908,668Net Income 2024: $1,871,7442024Revenue 2025: $7,893,479Expenses 2025: $4,792,709Net Income 2025: $3,100,7702025

Highlighted filing

2014

Revenue$671,268
Expenses$715,549
Net Income-$44,281
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Sep 23, 2014
Return Version
2013v3.1
Gross Receipts
$671,268
Mission and Program Overview

Mission

The mission of The Genesis Fund is to bring together resources to create housing and other economic and social opportunities for underserved people and communities throughout Maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,569,950$8,137,049▲ $1,567,099
Savings and Temporary Cash Investments$3,136,214$3,666,502▲ $530,288
Loans From Officers Directors$2,931,203--
Land, Buildings, and Equipment, Net$229,865$217,989▼ $11,876
Prepaid Expenses and Deferred Charges$3,587--
Total Assets$9,940,116$12,075,046▲ $2,134,930
Other Assets Total$500$53,506▲ $53,006
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,811,123$8,915,231▲ $5,104,108
Accounts Payable and Accrued Expenses$123,815$130,121▲ $6,306
Total Liabilities$6,866,141$9,045,352▲ $2,179,211
Net Assets / Fund Balance
Unrestricted Net Assets$3,073,975$3,029,694▼ $44,281
Total Net Assets Fund Balance$3,073,975$3,029,694▼ $44,281
Total Liabilities and Net Assets / Fund Balance$9,940,116$12,075,046▲ $2,134,930

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$162,884$22,230$185,114
Equipment$19,705$35,791$55,496
Land$35,400-$35,400
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseTotal
William FloydExecutive DirectorFT$84,785$84,785

Board Members and Trustees

NameTitle
William ShanahanPresident
Erin CooperriderVice President
Elizabeth BoeppleDirector
Greg PayneDirector
Karen MacDonaldDirector
Kim TwitchellDirector
Mike MyattDirector
Randy PhelpsDirector
Tim McMachenDirector
Brian DietzSecretary
Julie WagonerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$122,822
Program Service Revenue
$532,836
Investment Income
$9,206
Other Revenue
$6,404
All Other Contributions
$122,822
Change in Net Assets
$-44,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$671,268
Total Revenue per Audited Statements
$671,268
Total Revenue per Form 990
$671,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$377,713
Other Expenses$337,836
Total Fundraising Expense$10,328
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$234,232$60,060$6,006$300,298
Interest$164,695--$164,695
Other Employee Benefits$41,075$10,532$1,053$52,660
All Other Expenses$16,008$10,803-$26,811
Payroll Taxes$19,309$4,951$495$24,755
Travel$15,447--$15,447
Occupancy$11,081$1,956-$13,037
Depreciation Depletion$10,095$1,781-$11,876
Fees for Services Other$10,034--$10,034
Fees for Services Accounting$6,680$1,670-$8,350
Conferences and Meetings$4,726$834-$5,560
Insurance-$4,959-$4,959
Other Expenses$7,295$4,163-$4,163
Advertising--$2,774$2,774
Office Expenses-$2,686-$2,686
Total Functional Expenses$594,980$110,241$10,328$715,549

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$715,549
Total Expenses per Audited Statements$715,549
Total Expenses per Form 990$715,549
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,931,203--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The executive director is on another board of directors with one of the board members. Northern New England Housing Investment Fund”

Form 990, Part VI, Section B, Line 11

“Board members review Form 990 at a board meeting prior to filing”

Form 990, Part VI, Section B, Line 12C

“At each meeting, board members disclose if they have any conflicts of interest”

Form 990, Part VI, Section B, Line 15A

“Pay increases for the director are approved at regular meetings.”

Form 990, Part VI, Section C, Line 18

“Form are available for public inspection on Guidestars website and upon request.”

Form 990, Part VI, Section C, Line 19

“Available upon request”

Filing and Contact Details

Filer

EIN
01-0461436
Phone
2075636073

Signing Officer

Name
William Floyd
Title
Executive Director
Signed
2014-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Floyd
Formed
1991
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
11

Preparer

Preparer
Ronald R Smith
Phone
2079294606
Supplemental Narrative

Financial Statement Notes

X 2

“The Fund is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law.The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Fund may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Fund and various positions related to the potential sources of unrelated business taxable income UBIT. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. Management believes that there were no potential sources of unrelated business taxable income subject to tax for the years ended March 31, 2014 and 2013. Accordingly, no provision for income taxes has been made. The Fund files its forms 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Fund is generally no longer subject to examination by the Internal Revenue Service for years before 2011.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/OfficeExpensesGrp/TotalAmt02686
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0500
IRS990/OtherAssetsTotalGrp/EOYAmt053506
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01053
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010532
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt041075
IRS990/OtherEmployeeBenefitsGrp/TotalAmt052660
IRS990/OtherExpensesGrp/Desc0Loan loss expense
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Computer/Equipment/Building Maint
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05846
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14163
IRS990/OtherExpensesGrp/ProgramServicesAmt048248
IRS990/OtherExpensesGrp/ProgramServicesAmt16055
IRS990/OtherExpensesGrp/ProgramServicesAmt27295
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IRS990/OtherExpensesGrp/TotalAmt16055
IRS990/OtherExpensesGrp/TotalAmt213141
IRS990/OtherExpensesGrp/TotalAmt34163
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous income
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IRS990/OtherRevenueTotalAmt03104
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06006
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt060060
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0234232
IRS990/OtherSalariesAndWagesGrp/TotalAmt0300298
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06569950
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08137049
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt0495
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04951
IRS990/PayrollTaxesGrp/ProgramServicesAmt019309
IRS990/PayrollTaxesGrp/TotalAmt024755
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03587
IRS990/PrincipalOfficerNm0William Floyd
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Loan interest
IRS990/ProgramServiceRevenueGrp/Desc1Technicial assistance
IRS990/ProgramServiceRevenueGrp/Desc2Loan origination fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0496873
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121830
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt214133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0496873
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214133
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0714712
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010079
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0299234
IRS990/PYOtherRevenueAmt05112
IRS990/PYProgramServiceRevenueAmt0375878
IRS990/PYRevenuesLessExpensesAmt0485310
IRS990/PYSalariesCompEmpBnftPaidAmt0321237
IRS990/PYTotalExpensesAmt0620471
IRS990/PYTotalRevenueAmt01105781
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-44281
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03300
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0545146
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03136214
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03666502
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0122822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0714712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0138613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0847391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01111188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02934726
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012506
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013679
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011263
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020116
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt076213
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97470
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.96910
IRS990ScheduleA/PublicSupportTotal170Amt02934726
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0122822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0714712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0138613
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0847391
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01111188
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02934726
IRS990ScheduleA/TotalSupportAmt03010939
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0162884
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022230
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0185114
IRS990ScheduleD/EquipmentGrp/BookValueAmt019705
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035791
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055496
IRS990ScheduleD/ExpensesSubtotalAmt0715549
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt035400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt035400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0671268
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Fund is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law.The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Fund may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Fund and various positions related to the potential sources of unrelated business taxable income UBIT. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. Management believes that there were no potential sources of unrelated business taxable income subject to tax for the years ended March 31, 2014 and 2013. Accordingly, no provision for income taxes has been made. The Fund files its forms 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Fund is generally no longer subject to examination by the Internal Revenue Service for years before 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
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IRS990ScheduleD/TotalRevenuePerForm990Amt0671268
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0561834
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine10K MacDonald (Port Resources Inc)
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine11W Shahahan (NNEHIF)
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WIndward Circle Business Park
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Investment
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0585655
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board of Directors
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board of Directors
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Karen is the Executive Director of Port Resources, Inc. an organization the Genesis Fund gave a loan to for a project
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt1Bill is the Executive Director of NNEHIF which has made an investment loan to the Genesis Fund.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II Line 1
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II Line 2
IRS990ScheduleL/TotalBalanceDueAmt01061834
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The executive director is on another board of directors with one of the board members. Northern New England Housing Investment Fund

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,075,046
Liabilities
$9,045,352
Net assets
$3,029,694
Revenue
$671,268
Expenses
$715,549
Net income
-$44,281
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$66.6$48.7$17.9$7.89$4.79$3.10
2024Detailed filing. Detailed filing data is available for this year.$53.6$38.8$14.8$4.78$2.91$1.87
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$33.3$12.9$5.49$3.77$1.72
2022Detailed filing. Detailed filing data is available for this year.$38.1$27.0$11.2$5.19$2.10$3.10
2021Detailed filing. Detailed filing data is available for this year.$32.8$24.7$8.07$3.75$2.18$1.57
2020Detailed filing. Detailed filing data is available for this year.$27.2$20.7$6.51$3.88$2.67$1.21
2019Detailed filing. Detailed filing data is available for this year.$21.9$16.6$5.30$2.74$1.39$1.35
2018Detailed filing. Detailed filing data is available for this year.$17.7$13.7$3.94$1.80$1.30$0.51
2017Detailed filing. Detailed filing data is available for this year.$16.7$13.3$3.43$1.53$1.07$0.46
2016Detailed filing. Detailed filing data is available for this year.$15.3$12.3$2.97$0.92$0.88$0.04
2015Detailed filing. Detailed filing data is available for this year.$13.9$11.0$2.93$0.69$0.78$0.10
2014Detailed filing. Detailed filing data is available for this year.$12.1$9.05$3.03$0.67$0.72$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.94$6.87$3.07$1.11$0.62$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.17$5.58$2.59$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.44$4.86$2.58$0.91