Rndc Elysian INC

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The mission of the organization is to provide housing related services to low and (cont'd on sch o) moderate income families and individuals who are in need of affordable housing options. This includes the ownership, operation, and development of the aforementioned location with the provision of housing related services on a nonprofit basis.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-2883485) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
10.0 mo
of spending, in cash
10.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.2M
86% of total assets
Liabilities are 86% of assets.
Pt X · Ln 26
Independent board members
2
of 4 voting members
2 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.2M
Spent
$1.3M
To programs
100%
Net assets
$1.9M

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.3M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
See Rndc Elysian INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing and related services to low and moderate-income families and individuals.

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1 program · $1.3M · in their own filed words · FY2024
01

This project was created to provide decent rental housing options in the new orleans area that are affordable to low and moderate income families and INDIVIDUALS.THE property consists of two buildings and 150 units.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-2883485) · Dispute this line
$1.3Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$2.3M
Fees for servicesLn 2g$816K
Other incomeLn 4–11$31K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$13.0M
LiabilitiesLn 26$11.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Noncash giftsLn 1g$2.3M
Fees for servicesLn 2g$816K
Investment incomeLn 3$7K
Other incomeLn 4–11$31K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Accounts receivableLn 4$48K
Prepaid expenses and deferred chargesLn 9$290K
Land, buildings, equipmentLn 10c$11.5M
Other assetsLn 15$82K
Total assetsLn 16$13.0M
LiabilitiesLn 26$11.2M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.3M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.1M
Land, buildings, equipmentLn 10c$0$11.5M
Total assetsLn 16$0$13.0M
LiabilitiesLn 26$0$11.2M
Net assetsLn 32$0$1.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$122K$122K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$5K$5K
OccupancyLn 16$125K$125K
TravelLn 17$7K$7K
InterestLn 20$79K$79K
Depreciation, depletion and amortizationLn 22$238K$238K
InsuranceLn 23$133K$133K
Other expenses (24a–d)Ln 24$537K$537K
Total functional expensesLn 25$1.3M$1.3M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Dec 24, 2025 $3.2M$1.3M$1.9M$1.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations
See the full FY2025 990
Part I · Summary $3,168,845 revenue, 12 lines filed
I-8 Contributions and grants$2,314,407
I-9 Program service revenue$815,715
I-10 Investment income$7,355
I-11 Other revenue$31,368
I-12 Total revenue$3,168,845
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$1,305,000
I-18 Total expenses$1,305,000
I-19 Revenue less expenses$1,863,845
Part VI · Governance 2 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,168,845 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,314,407
VIII-1g Noncash contributions (included above)$2,314,407
VIII-1h Total contributions, gifts and grants$2,314,407
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $815,715$815,715
VIII-3 Investment incomeExcluded from tax $7,355$7,355
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,368$31,368
VIII-12 Total revenueRelated to mission $847,083 · Unrelated business $0 · Excluded from tax $7,355$3,168,845
Part IX · Statement of functional expenses $1,305,000 across 12 lines filed
IX-11a Management feesPrograms $27,638$27,638
IX-11b Legal feesPrograms $14,909$14,909
IX-11c Accounting feesPrograms $11,954$11,954
IX-11g Other fees for servicesPrograms $121,739$121,739
IX-12 Advertising and promotionPrograms $4,555$4,555
IX-13 Office expensesPrograms $4,803$4,803
IX-16 OccupancyPrograms $125,148$125,148
IX-17 TravelPrograms $7,489$7,489
IX-20 InterestPrograms $78,879$78,879
IX-22 Depreciation, depletion and amortizationPrograms $237,872$237,872
IX-23 InsurancePrograms $133,097$133,097
IX-24 Other expenses (24a–d)Programs $536,917$536,917
IX-25 Total functional expensesPrograms $1,305,000 · Management $0 · Fundraising $0$1,305,000
Part X · Balance sheet $13,042,156 assets, 13 lines filed
X-1 Cash, non-interest-bearing$1,083,711
X-4 Accounts receivable$48,409
X-9 Prepaid expenses and deferred charges$290,179
X-10c Land, buildings and equipment, netStart of year $0$11,538,153
X-15 Other assetsStart of year $0$81,704
X-16 Total assetsStart of year $0$13,042,156
X-17 Accounts payable and accrued expenses$421,750
X-23 Secured mortgages and notes payable$10,275,404
X-25 Other liabilitiesStart of year $0$481,157
X-26 Total liabilitiesStart of year $0$11,178,311
X-27 Net assets without donor restrictions$1,863,845
X-32 Total net assets or fund balancesStart of year $0$1,863,845
X-33 Total liabilities and net assetsStart of year $0$13,042,156
Part XI · Reconciliation of net assets $1,863,845 net assets at year end
XI-1 Total revenue$3,168,845
XI-2 Total expenses$1,305,000
XI-3 Revenue less expenses$1,863,845
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,863,845

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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