GENESIS FUND

BRUNSWICK, ME | Cumberland County
Affordable Housing
GENESIS FUND
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

GENESIS FUND
01-0461436
22 LINCOLN ST
BRUNSWICK, ME 04011
Cumberland County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
X20

X - Religion, Spiritual Development

Christianity

Religious organizations that provide opportunities for people to satisfy their inner needs and enhance their spiritual growth through organized worship or through other devotional activities under the auspices of one of the group of religious faiths that is based on the teachings of Jesus Christ. Use this code for Christian denominations that are not specified below as well as their ministries, missions or missionary activities; bible camps and schools. (rev. 11/04)

IRS Activity Codes info
164
Prepared group health plan
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813110
Religious Organizations

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2018 $1,165,000 Capital Magnet Fund open_in_new Genesis Fund, Inc.
2016 $475,000 CDFI Financial Assistance open_in_new Genesis Fund, Inc.
2018 $750,000 CDFI Financial Assistance open_in_new Genesis Fund, Inc.
2019 $750,000 CDFI Financial Assistance open_in_new Genesis Fund, Inc.
2021 $525,000 CDFI Financial Assistance open_in_new Genesis Fund, Inc.
2021 $1,826,265 CDFI Rapid Response Program (COVID-19) open_in_new Genesis Fund, Inc.
2018 $200,000 Disability Funds Financial Assistance open_in_new Genesis Fund, Inc.
2019 $200,000 Disability Funds Financial Assistance open_in_new Genesis Fund, Inc.
2021 $300,000 Disability Funds Financial Assistance open_in_new Genesis Fund, Inc.

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$5.2M
Revenue
$5.2M
Assets
$38.1M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1992-01
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
22 LINCOLN ST
BRUNSWICK, ME 04011
Cumberland County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
38860
MSA/MD info
23
State info
005
County info
0112.05
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
38860 - Portland-South Portland, ME
Combined Statistical Area info
438 - Portland-Lewiston-South Portland, ME
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 13.78%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0112.05 Cumberland County
Population
Total Population 3,091 300,776
Total Households 1,473 125,986
Income
Median Family Income (Census*) $69,327 $80,679
Median Family Income (2022 FFIEC est.) $101,600 $101,600
Tract Income Percentage 77.04% N/A
Below Poverty Level 12.4% 7.8%
Unemployment Level 5.3% 3.5%
Housing
Total Housing Units 1,716 148,178
Total Owner-Occupied Units 27.3% 70.6%
Total Renter-Occupied Units 58.5% 29.4%
Total Vacant Units 14.2% 5.7%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

12
Total Voting Members
in Governing Body info
12
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
William Floyd
Executive Director
(207) 844-2035
Principal Officer info
William Floyd
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.