Genesis Housing Development Corporation
EIN 300406723Total Given 2020–2022
$21K
3 grants · $7K avg/year
based on 3 yrs of IRS 990-PF records on file
<$100K/yr
micro funder
capacity
$5K
typical small grants · $3K–$10K
grant size
0%
transactional · single-year
repeat
$2.6M
Assets (2022)
2
Distinct Recipients
About
THE ORGANIZATION RECEIVED A GRANT FROM THE FEDERAL HOME LOAN BANK OF NEW YORK IN THE AMOUNT OF $1,272,000. THE ORGANIZATION THEN LOANED $1,272,000 TO AN AFFORDABLE HOUSING PROJECT FOR A PERIOD OF 15 YEARS. THE NOTE ACCRUES INTEREST AT 1% ANNUALLY. ALL OUTSTANDING PRINCIPAL AND INTEREST ARE DUE AT MATURITY. THE NOTE IS SCHEDULED TO MATURE ON JULY 1, 2045. THE NOTE IS SECURED BY A FOURTH MORTGAGE ON THE PROJECT'S REAL PROPERTY.
Focus Areas
Application Information
Accepts Unsolicited Proposals
No — Preselected Only
Contact Person
MAGGIE BRINGEWATT AND GEORGE PARKER
Phone
(585) 424-1400
Deadlines
NONE
How to Apply
APPLICATION FOUND ON WEBSITE SUBMITTED WITH REQUESTED AMOUNT OF PREDEVELOPMENT FUND, TAX ID, LIST OF DEVELOPMENT TEAM MEMBERS, ANY PRIOR DEVELOPMENT EXPERIENCE, EVIDENCE OF 501(C)(3) STATUS, EVIDENCE OF LIABILITY INSURANCE FOR APPLICANT AND CO-DEVELOPER, ALONG WITH THE PAST TWO YEARS FINANCIAL STATEMENTS AND TAX RETURNS. ALSO TO BE INCLUDED IS A DRAFT NARRATIVE OF THE GENERAL PROJECT INFORMATION, DEVELOPMENT BUDGET, AFFORDABILITY/RENT PLAN, BUILDING SITE INFORMATION, AND EVIDENCE OF MATCHING FUNDS.
Restrictions
LOAN AMOUNT IS NOT TO EXCEED $15,000 AND IS NOT TO EXCEED 50% OF THE TOTAL PREDEVELOPMENT BUDGET. ELIGIBLE PROJECTS INCLUDE PREDEVELOPMENT ACTIVITIES ASSOCIATED WITH AFFORDABLE HOUSING AND APPLICANT MUST DEMONSTRATE AN EQUITY PAYMENT OF 33% OF THE PREDEVELOPMENT EXPENSES.
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | N/A | $1.3M | $1.3M | N/A |
| 2017 | N/A | $1.3M | $22K | N/A |
| 2020 | $6K | $1.9M | $544K | 2 |
| 2021 | N/A | $2.0M | $14K | N/A |
| 2022 | $15K | $2.6M | $651K | 1 |
Grant Size Distribution
Based on 3 grants on record
Minimum
$1K
25th Pctl
$3K
Median
$5K
Average
$7K
75th Pctl
$10K
Maximum
$15K
Geographic Distribution
Officers & Directors
MB
Maggie Bringewatt
5+ yrs
President
Leadership
GP
George Parker
4 yrs
Vice President
Leadership
CC
Clayton Cloen
5+ yrs
Secretary/Treasurer
Leadership
TF
Theodora Finn
2 yrs
Director
GP
George Parker
4 yrs
President
Leadership
MB
Maggie Bringewatt
5+ yrs
Vice President
Leadership
CC
Clayton Cloen
5+ yrs
Secretary/Treasurer
Leadership
TF
Theodora Finn
2 yrs
Director
JE
Julie Everitt
3 yrs
President
Leadership
GP
George Parker
4 yrs
Vice President
Leadership
CC
Clayton Cloen
5+ yrs
Secretary/Treasurer
Leadership
MB
Maggie Bringewatt
5+ yrs
Board Member
CO
Carol Oster
3 yrs
Board Member
JE
Julie Everitt
3 yrs
President
Leadership
GP
George Parker
4 yrs
Vice President
Leadership
CC
Clayton Cloen
5+ yrs
Secretary/Treasurer
Leadership
MB
Mary Jo Brandt
2 yrs
Board Member
MB
Maggie Bringewatt
5+ yrs
Board Member
RB
Roger W Brandt Jr
2 yrs
Board Member
CO
Carol Oster
3 yrs
Board Member
MB
Maggie Bringewatt
5+ yrs
Secretary & Vice President
Leadership
RB
Roger W Brandt Jr
2 yrs
President
Leadership
MB
Mary Jo Brandt
2 yrs
Treasurer
Leadership
CO
Carol Oster
3 yrs
Board Member
JE
Julie Everitt
3 yrs
Board Member
CC
Clayton Cloen
5+ yrs
Board Member
Grants Awarded (3 total)
| Purpose | ||||
|---|---|---|---|---|
| Habitat for Humanity | Rochester, NY | $15,000 | REPAIRING RESIDENCES OWNED AND OCCUPIED BY LOW INCOME PERSONS | 2022 |
| Indigent Persons | Rochester, NY | $5,000 | HOUSEHOLD ITEMS PROVIDED TO INDIGENT PERSONS LIVING IN AFFORDABLE HOUSING UNITS AT TOWN SIDE HOUSING. | 2020 |
| Indigent Persons | Rochester, NY | $1,000 | ITEMS PURCHASED FOR RECREATIONAL ACTIVITIES PROVIDED FOR INDIGENT PEOPLE LIVING IN AFFORDABLE HOUSING UNITS AT TOWN... | 2020 |