Geis Foundation
- Assets
- $526.0k
- Revenue
- $41.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Streetsboro, OH
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-4602120
Organization Overview
Geis Foundation is located in Streetsboro, OH. The organization was established in 2016. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, 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. Geis Foundation 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, Geis Foundation generated $41.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.3k 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
EVERY YEAR, CLEVELAND TAKES IN OVER 700 REFUGEES FROM VARYING COUNTRIES. THE CITY DEVELOPED THE "DREAM NEIGHBORHOOD" CONCEPT TO ADDRESS REFUGEE HOUSING NEEDS BY ENCOURAGING RENOVATION OF THE OVER 150 DISTRESSED HOMES IN THE CLARK/FULTON AREA, AND THEREBY NURTURING VIBRANT, DIVERSE, AND ENGAGED COMMUNITIES. THE GEIS COMPANIES, CLEVELAND'S HOME-GROWN PREMIER DEVELOPER, WAS FOUNDED BY ERWIN & KATHERINE GEIS, IMMIGRANTS TO THE US. USING OUR CONSTRUCTION EXPERTISE, OUR DESIRE TO GIVE BACK TO THE COMMUNITIES IN WHICH WE WORK AND LIVE, AND IN HONOR OF MR. AND MRS. GEIS, WE PROUDLY ANNOUNCE OUR GEIS VILLAGE PROJECT. BUYING VACANT HOMES, RENOVATING, AND RENT-TO-OWN TO REFUGEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENOVATING VACANT AND UNDESIRABLE PROPERTIES WITHIN CLEVELAND NEIGHBORHOODS IN ORDER TO PROVIDE HOUSING FOR NEW IMMIGRANTS AND REFUGEE FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Geis Vice President & Director | OfficerTrustee | 1 | $0 |
Maura Maresh Secretary & Director | OfficerTrustee | 2.5 | $0 |
Alfred Geis President & Director | OfficerTrustee | 1 | $0 |
Jen Diasio Treasurer & Director | OfficerTrustee | 2 | $0 |
Jack Waldeck Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,840 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,840 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,752 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,592 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,285 |
| Total functional expenses | $1,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,750 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $298,235 |
| Total assets | $525,985 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,703 |
| Total liabilities | $21,703 |
| Net assets without donor restrictions | $504,282 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $525,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erie Dawn Inc Erie, PA | $815,348 | $550,377 |
Community Resolution Center Flint, MI | $201,389 | $191,659 |
Madison Residential Services Inc Goshen, IN | $422,241 | $133,466 |
Vision For Life Hamilton, OH | $32,039 | $0 |
Troy Concern Inc Troy, OH | $121,437 | $0 |
Columbus Center For Affordable Housing Powell, OH | $126,327 | $3,181 |
Geis Foundation Streetsboro, OH | $525,985 | $41,592 |