2024-03-01T10:11:36-06:00 2023-06-30 470716239 HAYES & ASSOCIATES LLC 10730 PACIFIC STREET OMAHA NE 68114 990 2022-07-07 043617019 GESU HOUSING INC GESU 4026144776 7602 PACIFIC STREET OMAHA NE 68144 PATRICIA EVANS EXECUTIVE DIRECTOR 4026144776 2024-02-29 1 PATRICIA EVANS 999009999 0 FRANK HAYES P00139616 4023902480 2024-02-29 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICIA EVANS 7602 PACIFIC STREET ROOM LL 101 OMAHA NE 68114 215275 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. 7 7 1 7 0 0 376717 206178 0 0 754 1191 -542237 7906 -164766 215275 0 0 0 0 0 73546 0 0 32700 161592 79797 161592 153343 -326358 61932 271059 660879 385661 713549 -114602 -52670 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 44865 0 0 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, $542,061 OF CASH EXPENDITURES RELATED TO BUILDING HOUSES WAS CAPITALIZED TO INVENTORY DURING THE YEAR ENDING JUNE 30, 2023. 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. NO HOUSES WERE SOLD DURING THE YEAR ENDED JUNE 30, 2023. THE PROGRAM SERVICE EXPENDITURES ARE REFLECTED ON PAGE 9, PART VIII, LINE 10B. 44865 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 7 7 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 BRENNAN MILLER DIRECTOR 1.00 X 0 0 0 WILLIAM LUKASH DIRECTOR 1.00 X 0 0 0 MATTHEW WALSH DIRECTOR 1.00 X 0 0 0 PATRICIA EVANS EXECUTIVE DIRECTOR 40.00 X 73546 0 0 73546 0 0 0 0 0 0 0 2355 203823 206178 1191 1191 0 2355 0 0 INSURANCE REIMBURSEMEN 900099 7906 7906 7906 215275 0 0 9097 73546 18387 36772 18387 18878 18878 717 717 11969 11969 6905 1726 3453 1726 6655 6655 9507 4754 4753 SUPPLIES 12379 12379 GRANT EXPENSE 7030 7030 MISCELLANEOUS EXPENSES 3264 3264 TELEPHONE AND INTERNET 2357 589 1179 589 136 107 29 153343 44865 75778 32700 5971 44560 26000 19500 239088 596819 271059 660879 385661 713549 385661 713549 X -114602 -52670 -114602 -52670 271059 660879 61932 0 X X 1 X 0 0 0 X 731740 300503 581899 376717 214084 2204943 731740 300503 581899 376717 214084 2204943 2204943 5429 3663 1265 754 1191 12302 22372 23046 1344 1233 0 47995 2265240 0.97340 0.70780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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. FORM 990, PART XII, LINE 1: THE ACCOMPANYING FINANCIAL STATEMENTS HAVE BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP). THE MODIFIED CASH BASIS OF ACCOUNTING DIFFERS FROM GAAP IN THAT CONTRIBUTIONS ARE RECOGNIZED WHEN RECEIVED INSTEAD OF WHEN THE UNCONDITIONAL PROMISE TO GIVE IS PROVIDED AND RECOGNIZES EXPENSES WHEN PAID, RATHER THAN IN THE PERIOD WHEN THE BENEFIT OR OBLIGATION IS INCURRED. THE CASH METHOD HAS BEEN MODIFIED GESU HOUSING, INC. TO CAPITALIZE COSTS ASSOCIATED WITH THE CONSTRUCTION OF HOMES AS INVENTORY AND RECOGNIZE AS PROGRAM SERVICE EXPENSE WHEN THE HOUSES ARE SOLD, TO REPORT DEBT OBLIGATIONS AS LIABILITIES AND TO REPORT NOTES RECEIVABLE AS ASSETS AND RECOGNIZING PROGRAM SERVICE EXPENSE WHEN NOTES RECEIVABLE ARE FORGIVEN.