Genesis Fund
Genesis Fund
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About this organization
Mission
The Genesis Fund brings together resources to create housing and other economic and social opportunities for underserved people and communities throughout Northern New England. We make projects happen that otherwise wouldn't, with people and places that are being left out of the mainstream economy. We do this by lending capital, delivering expert advice, leveraging our experience to promote systemic change and policy solutions, and opening channels for people and institutions to move resources toward community needs.
About
In FY20, the Genesis Fund closed 21 loans for $6.7 million, increasing the outstanding loan portfolio to $22 million. Through this lending, 531 units of housing and 284 childcare spots were created or preserved. The Genesis Fund also provided 2,418 hours of technical assistance to 24 organizations, helping to create affordable housing and community facilities by sharing professional knowledge to develop these projects.
Interesting data from their 2020 990 filing
The non-profit's aim, as stated in the filing, is “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, new hampshire, and vermont.”.
When referring to its actions, they were outlined as: “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, new hampshire, and vermont.”.
- The non-profit has complied with legal obligations by reporting their state of operation as ME.
- The non-profit's address in 2020 is noted in the filing as 22 Lincoln Street, Brunswick, ME, 04011.
- The non-profit's form for 2020 reports a total of 11 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,208,931.
- The organization has 11 independent voting members.
- The organization was formed in 1991.
- The organization pays $904,225 in salary, compensation, and benefits to its employees.
- The organization pays $84,640 in fundraising expenses.
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