Genesis House Of Olean Inc
- Assets
- $655.8k
- Revenue
- $290.3k
- Investments
- $10.1k
- Employees
- 11
- Location
- Olean, NY
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 16-1457018
Organization Overview
Genesis House Of Olean Inc is located in Olean, NY. The organization was established in 1995. According to its NTEE Classification (P61) the organization is classified as: Travelers Aid, under the broad grouping of Human Services and related organizations. As of 12/2021, Genesis House Of Olean Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis House Of Olean Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Genesis House Of Olean Inc generated $290.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $196.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SECURE AND TEMPORARY HOUSING AND SUPPORT SERVICES AS HOMELESS ADULTS AND FAMILIES TRANSITION TO MORE STABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE AND PROVIDE A TEMPORARY HOMELESS SHELTER TO ADULTS AND FAMILIES IN NEED OF A HOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Hackett Secretary | Officer | 1 | $0 |
Pat O'malley Board Chair | Officer | 1 | $0 |
Jan Bishop Treasurer | Officer | 1 | $0 |
Dr Shazia Siddiqi Director | Trustee | 1 | $0 |
Mary Kay Tambash Director | Trustee | 1 | $0 |
Sharon Snyder Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,336 |
| Total Program Service Revenue | $48,470 |
| Investment income | $22,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,032 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,114 |
| Compensation of current officers, directors, key employees. | $10,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,279 |
| Payroll taxes | $11,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $371 |
| Fees for services: Other | $0 |
| Advertising and promotion | $204 |
| Office expenses | $2,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,670 |
| Insurance | $8,030 |
| All other expenses | $36,919 |
| Total functional expenses | $196,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,220 |
| Savings and temporary cash investments | $141,985 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,519 |
| Net Land, buildings, and equipment | $126,377 |
| Investments—publicly traded securities | $333,026 |
| Investments—other securities | $10,060 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,580 |
| Total assets | $655,767 |
| Accounts payable and accrued expenses | $3,389 |
| Grants payable | $0 |
| Deferred revenue | $5,568 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,957 |
| Net assets without donor restrictions | $311,278 |
| Net assets with donor restrictions | $335,532 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $655,767 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Genesis House Of Olean Inc has recieved totaling $59,459.
| Awarding Organization | Amount |
|---|---|
Feedmore Western New York Inc Buffalo, NY PURPOSE: PROGRAM EXPENSES | $35,440 |
United Way Of Cattaraugus County Inc Olean, NY | | $24,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
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|---|---|---|
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Lifespire Inc New York, NY | $111,308,535 | $104,118,369 |
Brockton Area Multi-Services Inc Brockton, MA | $53,527,033 | $98,602,137 |
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Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
Coordinated Transportation Solutions Inc Trumbull, CT | $16,469,961 | $93,191,276 |
Open Sky Community Services Inc Worcester, MA | $49,353,222 | $95,640,760 |
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