Gene B Glick Family Housing Foundation Inc

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.

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)Compensation
Thomas F Schnellenberger
Director
$2,550
Drew Miroff
Director
$1,950
David O Barrett
President
$0
Stacey A Sunderman
Treasurer
$0
Adam J Richter
Secretary
$0
F Brooke Dunn
Director
$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

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 OrganizationAmount
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
View Grant Recipient Profile

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