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Nonprofiteer
← GENE B GLICK FAMILY HOUSING FOUNDATION INC

Form 990 for tax year 2023

Filed by GENE B GLICK FAMILY HOUSING FOUNDATION INC.

Totals

Total revenue
$96,672,537
Total expenses
$75,131,653
Contributions and grants received
$14,911,908
Grants paid
$0
Program service revenue
$68,510,928
Investment income
$13,249,701
Other revenue
$0
Total assets, end of year
$369,168,191
Total liabilities, end of year
$159,318,475
Net assets or fund balances, end of year
$209,849,716
Program services expenses (Part IX)
$73,770,720
Management and general expenses
$1,360,933
Fundraising expenses
$0
Program service expenses (Part III)
$73,770,720

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)

    $290,005

  • 1f · All other contributions, gifts and grants

    $14,621,903

  • 2a · Program service revenue: RENT FROM LOW INCOME H

    total $68,510,928 · related or exempt $68,510,928

  • 3 · Investment income

    total $3,910,598 · excluded $3,910,598

  • 7a · Gross sales of assets other than inventory

    other assets $25,369,264

  • 7b · Less cost or other basis and sales expenses

    securities $610,209 · other assets $15,419,952

  • 7c · Gain or loss

    securities -$610,209 · other assets $9,949,312

  • 7d · Net gain or loss

    total $9,339,103 · related or exempt $9,949,312 · excluded -$610,209

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,738 · program services $2,738

  • 7 · Other salaries and wages

    total $10,152,017 · program services $10,152,017

  • 8 · Pension plan contributions

    total $295,020 · program services $295,020

  • 9 · Other employee benefits

    total $1,394,047 · program services $1,394,047

  • 10 · Payroll taxes

    total $726,628 · program services $726,628

  • 11a · Fees: management

    total $4,591,867 · program services $4,591,867

  • 11b · Fees: legal

    total $291,963 · management and general $291,963

  • 11c · Fees: accounting

    total $1,056,038 · management and general $1,056,038

  • 11g · Fees: other

    total $12,932 · management and general $12,932

  • 12 · Advertising and promotion

    total $144,476 · program services $144,476

  • 13 · Office expenses

    total $1,437,688 · program services $1,437,688

  • 17 · Travel

    total $171,160 · program services $171,160

  • 20 · Interest

    total $5,718,609 · program services $5,718,609

  • 22 · Depreciation, depletion and amortization

    total $12,887,064 · program services $12,887,064

  • 23 · Insurance

    total $6,267,872 · program services $6,267,872

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $13,181,330 · program services $13,181,330

  • 24b · Other expenses: UTILITIES

    total $7,290,571 · program services $7,290,571

  • 24c · Other expenses: SERVICE COORDINATOR

    total $2,819,092 · program services $2,819,092

  • 24d · Other expenses: LANDSCAPING

    total $1,782,244 · program services $1,782,244

  • 24e · All other expenses

    total $4,908,297 · program services $4,908,297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $85,124,023 · end of year $95,666,219

  • 3 · Pledges and grants receivable

    beginning of year $118,256 · end of year $153,523

  • 4 · Accounts receivable

    beginning of year $2,859,849 · end of year $1,814,137

  • 5 · Loans and receivables from officers and key people

    end of year $7,259,101

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,739,991 · end of year $4,891,438

  • 10a · Land, buildings and equipment: cost or other basis

    $331,311,570

  • 10b · Land, buildings and equipment: accumulated depreciation

    $84,043,938

  • 10c · Land, buildings and equipment, net

    beginning of year $261,812,860 · end of year $247,267,632

  • 12 · Investments: other securities

    beginning of year $3,525,521 · end of year $4,379,235

  • 13 · Investments: program-related

    beginning of year $3,901,941 · end of year $7,724,844

  • 15 · Other assets

    beginning of year $117,710 · end of year $12,062

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,204,455 · end of year $3,361,134

  • 23 · Secured mortgages and notes payable

    beginning of year $166,240,324 · end of year $153,109,905

  • 25 · Other liabilities

    beginning of year $3,446,540 · end of year $2,847,436

  • 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 $188,308,832 · end of year $209,849,716

Mission and programs · 2023

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, 2023, THE ORGANIZATION DIRECTLY OWNS 41 PROPERTIES THAT CONTAIN A TOTAL OF APPROXIMATELY 6,522 AFFORDABLE HOUSING UNITS. THE HOUSING FOUNDATION ALSO OWNS THE RESIDENT SUCCESS CENTER.

    Expenses $73,770,720 · Revenue $78,460,240

As filed on the 2023 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
    $2,738
    From this org
    $2,738
    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.

  • LOPER HOUSING LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $297,911 · assets $3,654,548

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • HAMPTON HOUSING LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $84,713 · assets $2,768,262

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK WESLEY PARK HOUSING LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $23,815 · assets $1,614,085

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • HATHAWAY COURT LLC

    LOW INCOME MULTI-FAMILY HOUSING · KY · income $159,921 · assets $4,940,176

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK THOMPSON VILLAGE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $655,484 · assets $6,695,986

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GARDENS OF GREENBRIAR LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $60,756 · assets $4,487,376

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK GLENDALE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $108,953 · assets $2,520,857

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK SUNTREE LLC

    LOW INCOME MULTI-FAMILY HOUSING · MI · income -$36,588 · assets $3,555,432

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK GRASSY CREEK I LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $281,105 · assets $5,484,774

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK GRASSY CREEK II LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $49,429 · assets $1,803,417

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK ARLINGTON PARK LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $33,236 · assets $2,974,916

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK TIMBER CREEK LLC

    LOW INCOME MULTI-FAMILY HOUSING · OH · income $223,993 · assets $4,990,283

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK CAMBRIDGE SQUARE NORTH I LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $241,123 · assets $7,858,028

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK COLONIAL SQUARE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $288,404 · assets $3,565,418

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK HAMMOND LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $345,590 · assets $7,055,745

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK SANTA MARIA LLC

    LOW INCOME MULTI-FAMILY HOUSING · MO · income $134,407 · assets $12,241,511

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK CARRIAGE HOUSE EAST LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$1,112,234 · assets $9,795,217

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK RESIDENT SUCCESS CENTER LLC

    COMMUNITY CENTER · IN · income -$68,171 · assets $2,501,002

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK SPRUCE VILLAGE LLC

    LOW INCOME MULTI-FAMILY HOUSING · VA · income $11,169 · assets $2,701,067

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK MANN VILLAGE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $500,014 · assets $16,206,437

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK LAKE OAKS LLC

    LOW INCOME MULTI-FAMILY HOUSING · WI · income -$289,271 · assets $10,257,294

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK LAUDERDALE LAKES LLC

    LOW INCOME MULTI-FAMILY HOUSING · FL · income $686,856 · assets $25,488,889

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK STONEBRIDGE LLC

    LOW INCOME MULTI-FAMILY HOUSING · MO · income -$393,591 · assets $4,949,084

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK BETHABARA LLC

    LOW INCOME MULTI-FAMILY HOUSING · NC · income -$166,066 · assets $6,372,018

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK RENDANT LLC

    LOW INCOME MULTI-FAMILY HOUSING · GA · income -$177,853 · assets $5,827,334

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK COLONIAL VILLAGE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$3,824 · assets $5,184,568

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK SIENNA SQUARE LLC

    LOW INCOME MULTI-FAMILY HOUSING · FL · income $8,245,801 · assets $0

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • HAMPTON PLACE HOUSING LLC

    LOW INCOME MULTI-FAMILY HOUSING · KY · income -$208,378 · assets $7,634,319

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK TOLEDO HOUSING LLC

    LOW INCOME MULTI-FAMILY HOUSING · OH · income -$147,991 · assets $8,862,826

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK CARRIAGE HOUSE DECATUR LLC

    LOW INCOME MULTI-FAMILY HOUSING · IL · income -$375,544 · assets $7,287,993

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK MILWAUKEE HOUSING LLC

    LOW INCOME MULTI-FAMILY HOUSING · WI · income $38,451 · assets $6,739,950

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK GOVERNORS POINTE LLC

    LOW INCOME MULTI-FAMILY HOUSING · VA · income -$268,859 · assets $6,710,966

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • APPLECREEK HOUSING LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $89,291 · assets $9,594,696

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK MEETINGHOUSE LLC

    LOW INCOME MULTI-FAMILY HOUSING · WI · income -$169,486 · assets $7,851,559

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK RAINBOW HILLS LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$20,256 · assets $2,668,324

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK LEBANON MANOR LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$125,593 · assets $5,519,902

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK BLUERIDGE TERRACE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$155,704 · assets $6,632,927

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK VALLEY RIDGE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income $136,217 · assets $6,458,660

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK CEDAR RIDGE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$521,049 · assets $16,078,343

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK FOWLER LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$136,255 · assets $6,481,486

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK PLEASANT SPRINGS LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$329,489 · assets $7,121,946

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK KIRBY MANOR LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$102,604 · assets $5,037,976

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

  • GLICK CHAPELGATE LLC

    LOW INCOME MULTI-FAMILY HOUSING · IN · income -$87,985 · assets $7,761,759

    Directly controlled by GBG FAMILY HOUSING FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202421369349316022

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