At a glance
From its website, read 2 Nov 2026Genesis Fund, Inc. is a loan fund based in Brunswick, Maine. Its website describes affordable housing development loans and nonprofit facility loans. Where it lends: Maine and other northern New England communities.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.genesisfund.org |
|---|---|
| Office (official list) | 22 Lincoln Street, Brunswick, ME 04011 |
What their website says about applying
The first step is to contact us.
sourceGet in touch with us.
sourcecontact our lending team
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 13 Jul 2025 |
| RSSD ID | — (none listed) |
| Address | 22 Lincoln Street, Brunswick, ME 04011 Directions (Google Maps) |
| Website | www.genesisfund.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. The fetched pages describe project financing in general terms but do not list specific loan products, loan amounts or an application process. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Affordable housing development loans | — | We want to help move your affordable housing or community facility project forward. | source |
| Nonprofit / community facility loans | — | We want to help move your affordable housing or community facility project forward. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Maine and other northern New England communities
Throughout Maine and in other northern New England communities, Genesis helps our partners create affordable housing and other essential community resources.
source
Borrower focus
- Nonprofits
We make loans to local grassroots groups, community-based organizations, nonprofit organizations, public housing authorities, and mission-driven developers.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your affordable housing development loans and nonprofit facility loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$13.8 million in 21 awards from the U.S. Treasury's CDFI Fund, 2001–2024 (6 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $800,000 |
| 2024 | Disability Funds, Financial Assistance | $1,000,000 |
| 2022 | CDFI Equitable Recovery Program | $1,487,303 |
| 2022 | CDFI Program, Financial Assistance | $560,000 |
| 2022 | Disability Funds, Financial Assistance | $500,000 |
| 2021 | CDFI Program, Financial Assistance | $525,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2021 | Disability Funds, Financial Assistance | $300,000 |
| 2019 | CDFI Program, Financial Assistance | $750,000 |
| 2019 | Disability Funds, Financial Assistance | $200,000 |
| 2018 | CDFI Program, Financial Assistance | $750,000 |
| 2018 | Capital Magnet Fund | $1,165,000 |
| 2018 | Disability Funds, Financial Assistance | $200,000 |
| 2016 | CDFI Program, Financial Assistance | $475,000 |
| 2012 | CDFI Program, Financial Assistance | $500,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2009 | CDFI Program, Financial Assistance | $1,000,000 |
| 2008 | CDFI Program, Financial Assistance | $329,590 |
| 2005 | CDFI Program, Financial Assistance | $275,000 |
| 2004 | CDFI Program, Financial Assistance | $225,000 |
| 2001 | CDFI Program, Technical Assistance | $184,500 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Mar 2024| Total assets | $53.6M |
|---|---|
| Total liabilities | $38.8M |
| Net assets | $14.8M |
| Total revenue | $4.8M |
| Notes and loans receivable, net (Part X line 7) | $42.8M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending March 2024 (tax year 2023; EIN 01-0461436, filed as “GENESIS FUND”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Mar 2022 (990) | $38.1M | $11.2M | $5.2M | $28.6M |
| Mar 2023 (990) | $46.2M | $12.9M | $5.5M | $34.5M |
| Mar 2024 (990) | $53.6M | $14.8M | $4.8M | $42.8M |
Total assets grew 40% from Mar 2022 to Mar 2024; notes and loans receivable rose 50%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $53.6M | Larger than 80% of the 5 other certified loan funds and venture funds in Maine with a matched Form 990 (median $15.6M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Maine | 5 | larger than 80% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Brunswick and Maine
- Coastal Enterprises, Inc.Loan fund · Brunswick, MEAgriculture / farm loans, Child-care facility financing, Commercial real estate loans, Energy / solar / efficiency loans…Verified
- Acadia Federal Credit UnionCredit union · Fort Ken, MEAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- COMMUNITY CONCEPTS FINANCE CORPORATIONLoan fund · South Paris, MEMicroloans, Home mortgages, Small-business loansVerified
- Four Directions Development CorporationLoan fund · Orono, ME · Native CDFIHome repair / improvement loans, Affordable housing development loans, Home mortgages, Nonprofit / community facility loans…Verified
- MaineStream FinanceLoan fund · Bangor, MEHome mortgages, Small-business loansVerified
- Northern Maine Development CommissionLoan fund · Caribou, MEMicroloans, Small-business loansVerified
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