Impact Educational and Housing Development FY2022 filing

Tax-deductible

Baton Rouge, LA501(c)(3)Community DevelopmentEIN 41-2231551Revenue $150K in FY2022

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.
100¢ 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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FY2022 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$150K
-84% vs prior year
Spent
$130K
To programs
100%
Net assets
$408K
By yearFY2021–FY2024
Revenue
$150K
FY2022▼ -84%
Tap a bar for its year
Revenue by fiscal year
FY2021$947K
FY2022$150K
FY2023$852K
FY2024$950K
Expenses
$130K
FY2022▼ -87%
Tap a bar for its year
Expenses by fiscal year
FY2021$997K
FY2022$130K
FY2023$308K
FY2024$386K
Net assets
$408K
FY2022▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2021$328K
FY2022$408K
FY2023$672K
FY2024$888K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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

100 cents of each dollar spent went to programs.

Program services 100% · $130K

Form 990 Part IX, line 25. 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
Executive Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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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Provided by the organization

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1 program · $49K · in their own filed words · FY2022
01

Upward bound program

$49Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$150K
Ln 12
Gifts and grantsLn 1h$150K
Money outPt IX
$130K
Ln 25
Programscol B$130K
Owns and owesPt X
$408K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Government grantsLn 1e$60K
Noncash giftsLn 1g$12K
Total revenueLn 12$150K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$10K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.2M
Net assetsLn 32$408K
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 FY22End FY22
Cash and savingsLn 1–2$81K$5K
InvestmentsLn 11–13$68K$10K
Total assetsLn 16$1.2M$1.6M
LiabilitiesLn 26$921K$1.2M
Net assetsLn 32$328K$408K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$12K$12K
Other salaries and wagesLn 7$35K$35K
Legal feesLn 11b$2K$2K
Other fees for servicesLn 11g$24K$24K
Office expensesLn 13$19K$19K
TravelLn 17$5K$5K
InterestLn 20$94$94
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$130K$130K$0$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 Viewing $150K$130K$20K$408K 990 PDF
FY2021 $947K$997K−$50K$328K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $149,798 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,500$149,798
I-9 Program service revenue$0
I-10 Investment incomePrior year $275$0
I-11 Other revenuePrior year $940,387$0
I-12 Total revenuePrior year $947,162$149,798
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$46,664
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $985,481$83,443
I-18 Total expensesPrior year $985,481$130,107
I-19 Revenue less expensesPrior year −$38,319$19,691
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $149,798 across 7 lines filed
VIII-1e Government grants$60,000
VIII-1f All other contributions, gifts and grants$89,798
VIII-1g Noncash contributions (included above)$12,200
VIII-1h Total contributions, gifts and grants$149,798
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0$0
VIII-3 Investment incomeRelated to mission $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$149,798
Part IX · Statement of functional expenses $130,107 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $11,815$11,815
IX-7 Other salaries and wagesPrograms $34,849$34,849
IX-11b Legal feesPrograms $2,250$2,250
IX-11g Other fees for servicesPrograms $23,570$23,570
IX-13 Office expensesPrograms $19,194$19,194
IX-17 TravelPrograms $4,792$4,792
IX-20 InterestPrograms $94$94
IX-24 Other expenses (24a–d)Programs $33,543$33,543
IX-25 Total functional expensesPrograms $130,107 · Management $0 · Fundraising $0$130,107
Part X · Balance sheet $1,576,546 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $80,637$4,769
X-4 Accounts receivable$1,321,511
X-8 Inventories for sale or useStart of year $160,000$239,996
X-12 Other securitiesStart of year $68,305$10,270
X-16 Total assetsStart of year $1,249,329$1,576,546
X-17 Accounts payable and accrued expenses$53,949
X-26 Total liabilitiesStart of year $920,894$1,168,747
X-32 Total net assets or fund balancesStart of year $328,435$407,799
X-33 Total liabilities and net assetsStart of year $1,249,329$1,576,546
Part XI · Reconciliation of net assets $407,799 net assets at year end
XI-1 Total revenue$149,798
XI-2 Total expenses$130,107
XI-3 Revenue less expenses$19,691
XI-4 Net assets at start of year$328,435
XI-10 Net assets at end of year$407,799

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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