2024-11-30T09:34:47-06:00 2024-06-30 470716239 HAYES & ASSOCIATES LLC 13120 PIERCE ST SUITE 201 OMAHA NE 68144 990 2023-07-01 043617019 GESU HOUSING INC GESU 4026144776 7602 PACIFIC STREET OMAHA NE 68144 PATRICIA EVANS EXECUTIVE DIRECTOR 4026144776 2024-11-25 1 0 FRANK HAYES P00139616 4023902480 2024-11-25 2023 2024-10-15 13:58:12Z PATRICIA EVANS 7602 PACIFIC STREET ROOM LL 101 OMAHA NE 68114 1184622 0 X HTTPS://WWW.GESUHOUSING.COM/ X 2002 NE TO BUILD QUALITY, ENERGY EFFICIENT, AFFORDABLE HOMES TO ASSIST FAMILIES IN REALIZING A SAFE SECURE, STABLE LIVING EXPERIENCE WHILE STRENGTHENING AND REVITALIZING THEIR NEIGHBORHOODS. 8 8 1 8 0 0 206178 839975 0 330000 1191 4376 7906 10271 215275 1184622 0 6500 0 0 73546 104047 0 0 30969 79797 613533 153343 724080 61932 460542 660879 704583 713549 293425 -52670 411158 X TO BUILD QUALITY, ENERGY EFFICIENT, AFFORDABLE HOMES TO ASSIST FAMILIES IN REALIZING A SAFE SECURE, STABLE LIVING EXPERIENCE WHILE STRENGTHENING AND REVITALIZING THEIR NEIGHBORHOODS. 0 0 649969 6500 330000 THE MISSION OF GESU HOUSING, INC. IS TO BUILD QUALITY, ENERGY EFFICIENT, AFFORDABLE HOMES TO ASSIST FAMILIES IN REALIZING A SAFE SECURE, STABLE LIVING EXPERIENCE WHILE STRENGTHENING AND REVITALIZING THEIR NEIGHBORHOODS.DUE TO THE NATURE OF THE PURPOSE OF THE ORGANIZATION, NEARLY ALL PROGRAM SERVICES RELATED EXPENSES ARE CAPITALIZED TO INVENTORY. IN TOTAL, $34,853 OF CASH EXPENDITURES RELATED TO BUILDING HOUSES WAS CAPITALIZED TO INVENTORY DURING THE YEAR ENDING JUNE 30, 2024. IT IS THE ORGANIZATION'S INTENT TO REFLECT THE COSTS OF THE HOUSES AT THE TIME THEY ARE SOLD, RATHER THAN AS THE EXPENDITURES ARE INCURRED. TWO HOUSES WERE SOLD DURING THE YEAR ENDED JUNE 30, 2024. THE PROGRAM SERVICE EXPENDITURES ARE REFLECTED ON PAGE 9, PART VIII, LINE 10B. 649969 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X THE ORGANIZATION 4026144776 7602 PACIFIC STREET ROOM LL 101 OMAHA NE 68114 BURKE HARR BOARD CHAIR 1.00 X X 0 0 0 DAN DOUGHERTY VICE PRESIDENT 1.00 X X 0 0 0 MIKE GILLOON SECRETARY 1.00 X X 0 0 0 NATASHA BROWN DIRECTOR 1.00 X 0 0 0 KRISTEN BROYHILL DIRECTOR 1.00 X 0 0 0 KAYLA SIMPSON DIRECTOR 1.00 X 0 0 0 MATTHEW WALSH DIRECTOR 1.00 X 0 0 0 MARY PACKET DIRECTOR 1.00 X 0 0 0 PATRICIA EVANS EXECUTIVE DIRECTOR 40.00 X 95000 0 0 95000 0 0 0 0 0 0 0 238629 601346 839975 HOME SALES 236000 290000 290000 DEVELOPER SUBSIDY 236000 40000 40000 330000 4376 4376 INSURANCE REIMBURSEMEN 900099 8725 8725 MISCELLANEOUS INCOME 900099 1546 1546 10271 1184622 330000 0 14647 6500 6500 95000 47500 23750 23750 9047 4524 2262 2261 5783 5783 8532 8532 225 225 3603 1801 1802 7717 3859 1929 1929 3774 2680 1094 HOME BUILDING AND SELLI 576914 576914 TELEPHONE AND INTERNET 2590 648 1294 648 SUPPLIES 2042 511 1020 511 REPAIRS AND MAINTENANCE 1050 1050 1303 1235 68 724080 649969 43142 30969 44560 652037 19500 13000 596819 39546 660879 704583 713549 293425 713549 293425 X -52670 111158 300000 -52670 411158 660879 704583 460542 3286 0 X X 0 1 X 1 0 X 300503 581899 376717 214084 839975 2313178 300503 581899 376717 214084 839975 2313178 2313178 3663 1265 754 1191 4376 11249 23046 1344 1233 25623 8725 8725 2358775 330000 0.98070 0.97340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1184622 0 1184622 0 1184622 724080 0 724080 0 724080 1 FORGIVENESS OF NOTE RECEIVABLE 1 6500 FMV EACH YEAR THROUGH DECEMBER 2025, GESU HOUSING FORGIVES $6,500 OF THE NOTE RECEIVABLE BALANCE DUE. PART I, LINE 2: $6,500 OF PRINCIPLE BALANCE OF THIS LOAN WILL BE FORGIVEN IN DECEMBER OF EACH YEAR THROUGH DECEMBER 2025 IF BORROWER IS CURRENT ON PAYMENTS, MAINTAINS HOME AS PRINCIPAL RESIDENCE AND CONTINUES TO MAKE ALL INSURANCE AND TAX PAYMENTS. CONTINUES TO MAKE ALL INSURANCE AND TAX PAYMENTS. ALL INTEREST PAID DURING ANY CALENDAR YEAR, SO LONG AS THE LOAN IS NOT IN DEFAULT, WILL BE APPLIED TO THE FIRST INSTALLMENT OF PROPERTY TAXES TO BE PAID IN MARCH OF THE FOLLOWING CALENDAR YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AT THE NEXT SCHEDULED BOARD MEETING AFTER COMPLETION. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND OFFICER OF THE ORGANIZATION SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST TO THE BOARD AND BE GIVEN THE OPPORTUNITY TO EXPLAIN ALL MATERIAL FACTS TO THE BOARD IN CONNECTION WITH THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCUSSION OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE BOARD, THE DISINTERESTED BOARD MEMBERS SHALL DECIDE BY MAJORITY VOTE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO, WHETHER TO WAIVE THE CONFLICT OF INTEREST WITH THE INTERESTED PERSON. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY THE BOARD OF DIRECTORS REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND OTHER INDUSTRY BENCHMARKS AND SETS THE ANNUAL SALARY FOR THIS POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.