Form 990 for tax year 2024
Filed by GENE B GLICK FAMILY HOUSING FOUNDATION INC.
Totals
- Total revenue
- $100,589,919
- Total expenses
- $78,279,392
- Contributions and grants received
- $16,100,376
- Grants paid
- $0
- Program service revenue
- $80,403,805
- Investment income
- $4,085,738
- Other revenue
- $0
- Total assets, end of year
- $439,043,105
- Total liabilities, end of year
- $206,882,862
- Net assets or fund balances, end of year
- $232,160,243
- Program services expenses (Part IX)
- $76,881,736
- Management and general expenses
- $1,397,656
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $76,881,736
Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$350,376
-
1f · All other contributions, gifts and grants
$15,750,000
-
2a · Program service revenue: RENT FROM LOW INCOME H
total $80,403,805 · related or exempt $80,403,805
-
3 · Investment income
total $4,684,231 · excluded $4,684,231
-
7a · Gross sales of assets other than inventory
securities $1,475 · other assets $7,566,754
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $8,166,722
-
7c · Gain or loss
securities $1,475 · other assets -$599,968
-
7d · Net gain or loss
total -$598,493 · related or exempt -$599,968 · excluded $1,475
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,186 · program services $2,186
-
7 · Other salaries and wages
total $10,999,293 · program services $10,999,293
-
8 · Pension plan contributions
total $316,208 · program services $316,208
-
9 · Other employee benefits
total $1,599,448 · program services $1,599,448
-
10 · Payroll taxes
total $842,492 · program services $842,492
-
11a · Fees: management
total $5,271,290 · program services $5,271,290
-
11b · Fees: legal
total $241,386 · program services $181,284 · management and general $60,102
-
11c · Fees: accounting
total $1,207,384 · program services $1,117,188 · management and general $90,196
-
11g · Fees: other
total $11,165 · program services $11,165
-
12 · Advertising and promotion
total $233,407 · program services $191,110 · management and general $42,297
-
13 · Office expenses
total $1,544,643 · program services $1,544,243 · management and general $400
-
17 · Travel
total $168,554 · program services $168,554
-
20 · Interest
total $6,273,870 · program services $6,273,870
-
22 · Depreciation, depletion and amortization
total $14,471,564 · program services $14,471,564
-
23 · Insurance
total $6,271,258 · program services $6,264,153 · management and general $7,105
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $11,935,214 · program services $11,935,214
-
24b · Other expenses: UTILITIES
total $7,178,979 · program services $7,178,979
-
24c · Other expenses: SERVICE COORDINATOR
total $2,872,625 · program services $2,555,537 · management and general $317,088
-
24d · Other expenses: TAXES
total $1,922,539 · program services $1,922,539
-
24e · All other expenses
total $4,915,887 · program services $4,035,419 · management and general $880,468
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $95,666,219 · end of year $86,039,721
-
3 · Pledges and grants receivable
beginning of year $153,523 · end of year $116,831
-
4 · Accounts receivable
beginning of year $1,814,137 · end of year $1,246,548
-
5 · Loans and receivables from officers and key people
beginning of year $7,259,101 · end of year $10,482,401
-
9 · Prepaid expenses and deferred charges
beginning of year $4,891,438 · end of year $5,662,597
-
10a · Land, buildings and equipment: cost or other basis
$425,121,151
-
10b · Land, buildings and equipment: accumulated depreciation
$96,993,999
-
10c · Land, buildings and equipment, net
beginning of year $247,267,632 · end of year $328,127,152
-
12 · Investments: other securities
beginning of year $4,379,235 · end of year $2,329,195
-
13 · Investments: program-related
beginning of year $7,724,844 · end of year $4,919,776
-
15 · Other assets
beginning of year $12,062 · end of year $118,884
-
17 · Accounts payable and accrued expenses
beginning of year $3,361,134 · end of year $5,221,218
-
23 · Secured mortgages and notes payable
beginning of year $153,109,905 · end of year $198,583,122
-
25 · Other liabilities
beginning of year $2,847,436 · end of year $3,078,522
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $209,849,716 · end of year $232,160,243
Mission and programs · 2024
Mission
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.
-
THE ORGANIZATION DEVELOPS AND ACQUIRES AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES. AS OF DECEMBER 31, 2024, THE ORGANIZATION DIRECTLY OWNS 48 PROPERTIES THAT CONTAIN A TOTAL OF APPROXIMATELY 7,397 AFFORDABLE HOUSING UNITS. THE HOUSING FOUNDATION ALSO OWNS THE RESIDENT SUCCESS CENTER.
Expenses $76,881,736 · Revenue $79,803,837
As filed on the 2024 return.
Listed in Part VII
-
DAVID O BARRETT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
F BROOKE DUNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS F SCHNELLENBERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DEAN A DONNELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DREW MIROFF
DIRECTOR
- Total calculated
- $2,186
- From this org
- $2,186
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
MARIANNE GLICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KATHY OVERBEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STACEY A SUNDERMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ADAM J RICHTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $478,471 · assets $3,763,010
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $215,592 · assets $2,803,727
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $79,085 · assets $1,662,305
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · KY · income $398,651 · assets $4,924,642
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $801,858 · assets $6,547,538
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $244,193 · assets $4,227,942
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $79,683 · assets $2,378,421
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · MI · income -$13,896 · assets $3,373,868
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $704,991 · assets $5,660,840
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $460,289 · assets $2,108,092
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $168,658 · assets $2,872,283
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · OH · income $329,130 · assets $4,912,603
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
GLICK CAMBRIDGE SQUARE NORTH I LLC
LOW INCOME MULTI-FAMILY HOUSING · IN · income $581,918 · assets $7,860,423
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$660,980 · assets $6,956,578
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $1,360,350 · assets $8,120,957
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · MO · income $314,320 · assets $11,996,304
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $128,855 · assets $9,992,875
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
GLICK RESIDENT SUCCESS CENTER LLC
COMMUNITY CENTER · IN · income $46,338 · assets $2,548,809
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · VA · income $38,767 · assets $2,614,396
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $508,013 · assets $15,732,174
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · WI · income -$25,929 · assets $9,938,229
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · FL · income $1,455,719 · assets $26,288,498
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · MO · income -$281,241 · assets $4,658,504
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · NC · income -$2,423 · assets $6,293,061
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · GA · income $116,339 · assets $5,821,792
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $131,990 · assets $5,182,777
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · KY · income -$38,054 · assets $7,450,024
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · OH · income -$122,856 · assets $8,451,319
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
GLICK CARRIAGE HOUSE DECATUR LLC
LOW INCOME MULTI-FAMILY HOUSING · IL · income -$306,640 · assets $6,981,870
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · WI · income $254,387 · assets $6,642,067
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · VA · income -$70,494 · assets $6,496,967
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $94,393 · assets $9,950,421
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · WI · income -$197,087 · assets $7,502,472
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $54,764 · assets $2,658,982
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$79,095 · assets $5,323,850
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$71,588 · assets $6,464,337
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $282,612 · assets $6,456,649
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$318,859 · assets $15,469,408
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income $68,256 · assets $6,445,673
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$235,152 · assets $6,865,927
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$191,629 · assets $4,546,457
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$125,281 · assets $7,526,651
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · VA · income $159,466 · assets $12,495,924
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$432,040 · assets $20,869,738
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$112,046 · assets $14,094,241
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · MI · income -$46,135 · assets $10,036,109
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · OH · income $27,108 · assets $6,651,811
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
LOW INCOME MULTI-FAMILY HOUSING · NY · income -$10,119 · assets $8,779,923
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
GLICK HENDERSON COURT HOUSING LP
LOW INCOME MULTI-FAMILY HOUSING · IN · income -$32,523 · assets $18,623,495
Directly controlled by GBG FAMILY HOUSING FOUNDATION
-
GLICK HENDERSON COURT INVESTOR LLC
LOW INCOME MULTI-FAMILY HOUSING · IN
Directly controlled by GBG FAMILY HOUSING FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521399349300437
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