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V O L . X X V I N O. X X I I 42 G I V I N G G U I D E 2 0 2 0 – 2 0 21 N O N P RO F I T P RO F I L E AT A GLANCE BOARD OFFICERS Kyra Walker, Board Vice President: Chief Operating Officer, Community Housing of Maine Brenda Peluso, Board Treasurer: Nonprofit Consultant Laurie Miller, Board Secretary: Executive Director, Old Town Housing Authority BOARD MEMBERS Diane Donaldson: Team Leader & Senior Vice President Commercial Banking, Bangor Savings Bank Beth Hayward: Vice President, Business Banking, Machias Savings Bank Greg Dalton: Executive Vice President, Commercial Lending, Bar Harbor Bank & Trust Rebecca Emmons: Executive Director, Mobius, Inc. Rebecca Hatfield: Vice President, Real Estate Development & Management, Avesta Housing Tom Whelan: President, Bath Savings Trust Company The Genesis Fund 2021 GOALS f Support frontline organizations that are responding to the COVID-19 pandemic, including food pantries, homeless shelters, health clinics, child- care centers, eldercare and affordable housing providers, and others f Lend up to $7M in loan capital to high-impact affordable housing and community facility projects in Maine and New Hampshire f Raise $1.25M in contributed revenue and $4M in invested capital to meet the demand for lending in Maine and New Hampshire f Provide at least 1,500 hours of technical assistance to local nonprofits work- ing on housing and facility projects, including rural multifamily housing properties, mobile home park com- munities, and tribal communities f Provide leadership to the Board of the Maine Affordable Housing Coalition in order to increase the development of affordable housing across Maine WHO WE ARE e Genesis Fund is a mission-driven nonprofit lending institution, known as a Community Development Financial Established: 1992 / Employees: 8 / Annual revenue: $3,866,032 TOP FUNDING SOURCES 68% Contributed Income 31% Financing Income 1% Other Earned Income CONTACT 22 Lincoln St Brunswick, ME 04011 (207) 844-2035 www.genesisfund.org GenesisFund MISSION STATEMENT The Genesis Fund provides innovative financing by soliciting investment loans from individuals, churches, corporations, and foundations, and then re-lending the money at favorable terms to nonprofit organizations developing affordable housing and community facilities for underserved people and communities throughout Maine and beyond. SERVICE LOCATIONS Maine, New Hampshire and Vermont Bill Shanahan, Board President: Co-President, Evernorth Liza Fleming-Ives, Executive Director Institution (CDFI), founded in 1992 in mid-coast Maine, and now serving the entire state of Maine and beyond. e Genesis Fund's driving principle is to "go where others won't," filling gaps in financing that can't be met elsewhere. In 28 years, we have loaned over $55 million to more than 265 projects, and leveraged nearly $300 million in addi- tional community investment. Our loan portfolio includes over 80 loans for projects throughout Maine and parts of New Hampshire. ese proj- ects include affordable housing, care and living facilities for frail elders and people with disabilities, transitional housing for the homeless and those in recovery, child and health care centers, and other community facilities. The Genesis Fund also provides technical assistance to help nonprofit organizations develop and advance plans to build, expand and preserve affordable housing and community facilities. Our services include helping to develop proj- ect plans, conduct feasibility studies, cre- ate financial projections, find additional sources of funding, and write grants. GIVING OPPORTUNITIES Contributions — Donations to the Genesis Fund help make our work possible in a number of very important ways. ey add to our pool of loan capi- tal and also support our ability to offer low- and no-cost technical assistance to local nonprofit organizations work- ing to create and preserve affordable housing, add childcare slots, provide more shelter beds, expand food bank capacity, and more. Every donation to the Genesis Fund can also be used to leverage additional funding through grant awards and investments, increas- ing our pool of revolving funds – which get re-invested in our communities over and over again. Investments — The Genesis Fund accepts investment loans from institu- tions and individuals in order to capi- talize our loan pool. A Genesis Fund investment is a fixed-income product that blends financial and social returns, making it easy for an investor to align their investment strategy with their values. Every dollar invested in the Genesis Fund builds our portfolio of loans to create and preserve affordable housing, expand community facilities, and help our local communities thrive. As the loans we make are repaid, the funds become available for new proj- ects – and are "revolved" to meet critical community needs again and again. As a result, an investment in the Genesis Fund can support numerous projects over its term. Genesis Fund investments offer the following benefits: f Low minimum investment f Fixed rate of return (simple interest is paid annually) f Meaningful social impact in local communities f 100% repayment of principal since 1992 P H O T O / W H I T N E Y J. F O X P H O T O G R A P H Y Genesis financed upgrades to the affordable apart- ments for seniors at 75 State Street in Portland.