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Gchp-La Chdo INC FY2023 filing

Tax-deductible

New Orleans, LA501(c)(3)HousingEIN 47-4119478Revenue $349K in FY2023

On file with the IRS1626 Oretha Haley Blvd A, 70113-1311 · New Orleans, LATax-exempt since Jan 2016Supporting org, Type I — 509(a)(3)

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The nature of the business or purpose to be conducted or promoted is as follows: acquire, own, develop, hold, sell, lease, transfer, exchange, operate, and manage affordable housing projects, including any buildings and other improvements; obtain financing for any of the above type of real estate projects; provided direct assistance to families; foster low, affordable, moderate, mixed use and other type of housing; foster and stimulate economic development; work with other national, regional and local organizations to further the goals of the corporation.

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

FY2023 · 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
1 of 5
filings with a surplus
Average deficit $87K a year · 99% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$1.8M
234% of total assets
Concern: liabilities are 234% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$349K
×28 vs prior year
Spent
$200K
To programs
100%
Net assets
−$1.0M
By yearFY2020–FY2024
Revenue
$349K
FY2023▲ ×28
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$27K
FY2022$12K
FY2023$349K
FY2024$47K
Expenses
$200K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$118K
FY2021$148K
FY2022$187K
FY2023$200K
FY2024$217K
Net assets
−$1.0M
FY2023▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$890K
FY2021−$1.0M
FY2022−$1.2M
FY2023−$1.0M
FY2024−$1.2M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2016.

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% · $200K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Alice Riener
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gchp-La Chdo INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and manages affordable housing, providing direct family assistance and stimulating economic growth.

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Provided by the organization

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1 program · $200K · in their own filed words · FY2023
01

The organization rehabilitates a commercial building in a distressed neighborhood partially financed through a CDBG grant. The building was formerly a blighted property.

$200Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$349K
Ln 12
Gifts and grantsLn 1h$305K
Other incomeLn 4–11$44K
Money outPt IX
$200K
Ln 25
Programscol B$200K
Owns and owesPt X
−$1.0M
net assets · Ln 32
Total assetsLn 16$784K
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$305K
Noncash giftsLn 1g$305K
Other incomeLn 4–11$44K
Total revenueLn 12$349K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$779K
Other assetsLn 15$0
Total assetsLn 16$784K
LiabilitiesLn 26$1.8M
Net assetsLn 32−$1.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Land, buildings, equipmentLn 10c$494K$779K
Total assetsLn 16$497K$784K
LiabilitiesLn 26$1.7M$1.8M
Net assetsLn 32−$1.2M−$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$123K$123K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$9K$9K
Legal feesLn 11b$15$15
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$2K$2K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$8K$8K
Total functional expensesLn 25$200K$200K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $47K$217K−$170K−$1.2M 990 PDF
FY2023 Viewing $349K$200K$149K−$1.0M 990 PDF
FY2022 $12K$187K−$174K−$1.2M 990 PDF
FY2021 $27K$148K−$121K−$1.0M 990 PDF
FY2020 $0$118K−$118K−$890K 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 FY2023 990 (6 parts)
Part I · Summary $349,128 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$305,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $12,396$44,128
I-12 Total revenuePrior year $12,396$349,128
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $144,126$148,268
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $42,387$51,536
I-18 Total expensesPrior year $186,513$199,804
I-19 Revenue less expensesPrior year −$174,117$149,324
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $349,128 across 5 lines filed
VIII-1f All other contributions, gifts and grants$305,000
VIII-1g Noncash contributions (included above)$305,000
VIII-1h Total contributions, gifts and grants$305,000
VIII-6 Net rental income or lossRelated to mission $44,128$44,128
VIII-12 Total revenueRelated to mission $44,128 · Unrelated business $0 · Excluded from tax $0$349,128
Part IX · Statement of functional expenses $199,804 across 10 lines filed
IX-7 Other salaries and wagesPrograms $122,739$122,739
IX-8 Pension plan contributionsPrograms $6,110$6,110
IX-9 Other employee benefitsPrograms $10,370$10,370
IX-10 Payroll taxesPrograms $9,049$9,049
IX-11b Legal feesPrograms $15$15
IX-11c Accounting feesPrograms $4,100$4,100
IX-11g Other fees for servicesPrograms $1,534$1,534
IX-20 InterestPrograms $18,209$18,209
IX-22 Depreciation, depletion and amortizationPrograms $19,906$19,906
IX-23 InsurancePrograms $7,772$7,772
IX-25 Total functional expensesPrograms $199,804 · Management $0 · Fundraising $0$199,804
Part X · Balance sheet $783,515 assets, 13 lines filed
X-4 Accounts receivableStart of year $751$0
X-9 Prepaid expenses and deferred chargesStart of year $1,769$4,199
X-10c Land, buildings and equipment, netStart of year $494,157$779,316
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $65$0
X-16 Total assetsStart of year $496,742$783,515
X-17 Accounts payable and accrued expensesStart of year $9,194$30,711
X-19 Deferred revenueStart of year $0$1,309
X-25 Other liabilitiesStart of year $1,686,780$1,801,403
X-26 Total liabilitiesStart of year $1,695,974$1,833,423
X-27 Net assets without donor restrictionsStart of year −$1,199,232−$1,049,908
X-32 Total net assets or fund balancesStart of year −$1,199,232−$1,049,908
X-33 Total liabilities and net assetsStart of year $496,742$783,515
Part XI · Reconciliation of net assets −$1,049,908 net assets at year end
XI-1 Total revenue$349,128
XI-2 Total expenses$199,804
XI-3 Revenue less expenses$149,324
XI-4 Net assets at start of year−$1,199,232
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,049,908

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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