Gene B Glick Family Housing Foundation Inc
- Assets
- $374.8m
- Revenue
- $69.4m
- Investments
- $892.2k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-1698926
Organization Overview
Gene B Glick Family Housing Foundation Inc is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gene B Glick Family Housing Foundation 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, Gene B Glick Family Housing Foundation Inc generated $69.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $64.1m 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 ENGAGE IN COMMUNITY DEVELOPMENT ACTIVITIES THAT FOSTER AND SUPPORT THE RELIEF OF THE POOR AND DISTRESSED OR THE UNDERPRIVILEGED, AND TO PROVIDE SAFE, AFFORDABLE, SANITARY HOUSING TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVELOPS AND ACQUIRES AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES. AS OF DECEMBER 31, 2021, THE ORGANIZATION DIRECTLY OWNS 40 PROPERTIES THAT CONTAIN A TOTAL OF APPROXIMATELY 6,894 AFFORDABLE HOUSING UNITS. THE HOUSING FOUNDATION ALSO OWNS THE RESIDENT SUCCESS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Schnellenberger Director | Trustee | 1 | $2,550 |
Drew Miroff Director | Trustee | 1 | $1,950 |
David O Barrett President | OfficerTrustee | 1 | $0 |
Stacey A Sunderman Treasurer | Officer | 1 | $0 |
Adam J Richter Secretary | Officer | 1 | $0 |
Dean A Donnelson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $417,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,094,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,511,202 |
| Total Program Service Revenue | $56,493,245 |
| Investment income | $324,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,361,551 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,154,842 |
| Pension plan accruals and contributions | $238,598 |
| Other employee benefits | $1,276,895 |
| Payroll taxes | $606,590 |
| Fees for services: Management | $3,869,174 |
| Fees for services: Legal | $298,516 |
| Fees for services: Accounting | $860,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $237,263 |
| Office expenses | $1,214,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,435,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,165,116 |
| Insurance | $4,256,568 |
| All other expenses | $3,082,829 |
| Total functional expenses | $64,073,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,782,478 |
| Pledges and grants receivable | $16,118 |
| Accounts receivable, net | $819,143 |
| 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 | $4,976,061 |
| Net Land, buildings, and equipment | $292,618,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $892,172 |
| Investments—program-related | $1,585,689 |
| Intangible assets | $0 |
| Other assets | $148,908 |
| Total assets | $374,839,062 |
| Accounts payable and accrued expenses | $31,920,955 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $162,058,204 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,335,887 |
| Total liabilities | $197,315,046 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $177,524,016 |
| Total liabilities and net assets/fund balances | $374,839,062 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gene B Glick Family Housing Foundation Inc has recieved totaling $14,410,000.
| Awarding Organization | Amount |
|---|---|
Eugene And Marilyn Glick Foundation Corporation Indianapolis, IN PURPOSE: RESIDENT SUCCESS GRANT $1,875,000; SUCCESS CENTER GRANT $1,875,000; ANNUAL CONTRIBUTION $10,660,000 | $14,410,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |