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Impact Educational and Housing Development FY2021 filing

Tax-deductible

Baton Rouge, LA501(c)(3)Community Development EIN 41-2231551Revenue $947K in FY2021

On file with the IRS9111 Interline Ave Ste 17a, 70809-1979 · Baton Rouge, LATax-exempt since Jan 2020Publicly supported — 509(a)(2)

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To develop single family and multifamily affordable housing.

501(c)(3) charity; gifts are tax-deductible.
0¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $269K a year · 37% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0.1%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$921K
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$947K
Spent
$997K
To programs
0.1%
Net assets
$328K
By yearFY2021–FY2024
Revenue
$947K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$947K
FY2022$150K
FY2023$852K
FY2024$950K
Expenses
$997K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$997K
FY2022$130K
FY2023$308K
FY2024$386K
Net assets
$328K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$328K
FY2022$408K
FY2023$672K
FY2024$888K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2020.

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

Where the money goes

0 cents of each dollar spent went to programs.

Program services 0% · $1K Management & general 100% · $996K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Alexander
Executive Director
$0Pt VII · Sec A
Noel Brooks
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Eddie King
Director
$0Pt VII · Sec A
Henry Bell
Diredtor
$0Pt VII · Sec A
See Impact Educational and Housing Development executive salaries →

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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 15aNo

Programs and updates

Builds affordable homes for families and individuals.

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1 program · in their own filed words · FY2021
01

To develop single family and mulifamily affordable housing.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$947K
Ln 12
Other incomeLn 4–11$940K
Gifts and grantsLn 1h$6K
Investment incomeLn 3$275
Money outPt IX
$997K
Ln 25
Programscol B$1K
Managementcol C$996K
Owns and owesPt X
$328K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$1.2M
LiabilitiesLn 26$921K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$275
Other incomeLn 4–11$940K
Total revenueLn 12$947K
Assets in detailPt X, end of year
SavingsLn 2$81K
Cash and savings togetherLn 1–2$81K
InvestmentsLn 11–13$68K
Other assetsLn 15$940K
Total assetsLn 16$1.2M
LiabilitiesLn 26$921K
Net assetsLn 32$328K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$151K$81K
InvestmentsLn 11–13$48K$68K
Total assetsLn 16$299K$1.2M
LiabilitiesLn 26$34K$921K
Net assetsLn 32$266K$328K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$7K$7K
Office expensesLn 13$426$426
Information technologyLn 14$974$974
InterestLn 20$348$348
InsuranceLn 23$303$303
Other expenses (24a–d)Ln 24$988K$988K
Total functional expensesLn 25$997K$1K$996K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $950K$386K$564K$888K 990 PDF
FY2023 $852K$308K$544K$672K 990 PDF
FY2022 $150K$130K$20K$408K 990 PDF
FY2021 Viewing $947K$997K−$50K$328K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $947,162 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,000$6,500
I-9 Program service revenue$0
I-10 Investment incomePrior year $441$275
I-11 Other revenuePrior year $75,506$940,387
I-12 Total revenuePrior year $78,947$947,162
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 expensesPrior year $113,765$997,463
I-18 Total expensesPrior year $113,765$997,463
I-19 Revenue less expensesPrior year −$34,818−$50,301
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $947,162 across 5 lines filed
VIII-1f All other contributions, gifts and grants$6,500
VIII-1h Total contributions, gifts and grants$6,500
VIII-3 Investment incomeRelated to mission $275$275
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $940,387$940,387
VIII-12 Total revenueRelated to mission $940,662$947,162
Part IX · Statement of functional expenses $997,463 across 6 lines filed
IX-11b Legal feesManagement $6,964$6,964
IX-13 Office expensesManagement $426$426
IX-14 Information technologyPrograms $974$974
IX-20 InterestManagement $348$348
IX-23 InsurancePrograms $303$303
IX-24 Other expenses (24a–d)Management $988,448$988,448
IX-25 Total functional expensesPrograms $1,277 · Management $996,186 · Fundraising $0$997,463
Part X · Balance sheet $1,249,329 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $150,983$80,637
X-8 Inventories for sale or useStart of year $100,000$160,000
X-11 Publicly traded securitiesStart of year $48,260$68,305
X-15 Other assets$940,387
X-16 Total assetsStart of year $299,243$1,249,329
X-24 Unsecured notes and loans payable$22,000
X-26 Total liabilitiesStart of year $33,700$920,894
X-32 Total net assets or fund balancesStart of year $265,543$328,435
X-33 Total liabilities and net assetsStart of year $299,243$1,249,329
Part XI · Reconciliation of net assets $328,435 net assets at year end
XI-1 Total revenue$947,162
XI-2 Total expenses$997,463
XI-3 Revenue less expenses−$50,301
XI-4 Net assets at start of year$265,543
XI-6 Donated services and use of facilities$44,888
XI-9 Other changes in net assets$68,305
XI-10 Net assets at end of year$328,435

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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