Geis Foundation

Nonprofit profile at a glance

EIN
474602120
IRS 990 coverage
2021–2022
Forms available
Form 990 2022, Form 990-EZ 2020
Location
Streetsboro, OH, USA
Phone
3305283500
Rating confidence
Limited
Sector
Housing Search Assistance

Reported finances

Revenue
$0
Expenses
$504,282
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ALFRED GEIS (PRESIDENT & DIRECTOR)
  • ETHAN GEIS (VICE PRESIDENT & DIRECTOR)

People named in this filing

  • ALFRED GEIS (PRESIDENT & DIRECTOR)
  • ETHAN GEIS (VICE PRESIDENT & DIRECTOR)
  • MAURA MARESH (SECRETARY & DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Every year, cleveland takes in over 700 refugees from varying countries. The city developed the "dream neighborhood" concept to address refugee housing needs by encouraging renovation of the over 150 distressed homes in the clark/fulton area, and thereby nurturing vibrant, diverse, and engaged communities. The geis companies, cleveland's home-grown premier developer, was founded by erwin & katherine geis, immigrants to the us. Using our construction expertise, our desire to give back to the communities in which we work and live, and in honor of mr. And mrs. Geis, we proudly announce our geis village project. Buying vacant homes, renovating, and rent-to-own to refugees.

What it reported doing in 2022

Renovating vacant and undesirable properties within cleveland neighborhoods in order to provide housing for new immigrants and refugee families.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 93
  • Accountability: 70
  • Sustainability: 8
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 99.5%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: -14.2% per year; rating input score 0; 28th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 99.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $502K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 2 filing years from 2021 to 2022
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Revenue growth scored 0/100.