Renting houses to low income families.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$31K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $8K a year · 3% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$31K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$644K
196% of total assets
Concern: liabilities are 196% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 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
$305K
+2% vs prior year
Spent
$317K
To programs
94%
Net assets
−$316K
By yearFY2019–FY2022
Revenue
$305K
FY2022▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2019$288K
FY2020$294K
FY2021$299K
FY2022$305K
Expenses
$317K
FY2022▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2019$297K
FY2020$294K
FY2021$309K
FY2022$317K
Net assets
−$316K
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2019−$291K
FY2020−$298K
FY2021−$304K
FY2022−$316K

From the FY2022 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Nov 1987.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $297K Management & general 6% · $20K

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

6 people listed on the 990; $31K paid to officers and key staff.

Part VII, Section A · reportable compensation
Legal Agent/
$17,750Pt VII · Sec A
$13,545Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020FY2019
Jeanne Leblanc$17,750$10,750$17,800$20,750
Dominique Massey$13,545$9,005$4,400—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Provides affordable housing for low-income families.

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Provided by the organization

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1 program · $297K · in their own filed words · FY2022
01

The corporations owns and maintains a 40-UNIT apartment complex in franklin, louisiana. The apartments are rented to low-income families with a portion of the rents paid by hud under the national housing act.

$297Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$305K
Ln 12
Fees for servicesLn 2g$304K
Investment incomeLn 3$724
Other incomeLn 4–11$412
Money outPt IX
$317K
Ln 25
Programscol B$297K
Managementcol C$20K
Owns and owesPt X
−$316K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$329K
LiabilitiesLn 26$644K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$304K
Investment incomeLn 3$724
Other incomeLn 4–11$412
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$63K
Cash and savings togetherLn 1–2$63K
Land, buildings, equipmentLn 10c$222K
Other assetsLn 15$118
Total assetsLn 16$329K
LiabilitiesLn 26$644K
Net assetsLn 32−$316K
OperationsPt I, VI
EmployeesI 52
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$9K$63K
Land, buildings, equipmentLn 10c$214K$222K
Total assetsLn 16$345K$329K
LiabilitiesLn 26$649K$644K
Net assetsLn 32−$304K−$316K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$31K$31K
Other salaries and wagesLn 7$10K$10K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$21K$21K
Legal feesLn 11b$150$150
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$170K$170K
Advertising and promotionLn 12$57$57
Office expensesLn 13$14K$14K
OccupancyLn 16$1K$1K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$16K$16K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$26K$26K
Total functional expensesLn 25$317K$297K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $305K$317K−$12K−$316K 990 PDF
FY2021 $299K$309K−$10K−$304K 990 PDF
FY2020 $294K$294K−$366−$298K 990 PDF
FY2019 $288K$297K−$9K−$291K 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 FY2022 990 (6 parts)
Part I · Summary $305,038 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $299,067$303,902
I-10 Investment income$724
I-11 Other revenue$412
I-12 Total revenuePrior year $299,067$305,038
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $31,601$42,364
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $276,972$274,862
I-18 Total expensesPrior year $308,573$317,226
I-19 Revenue less expensesPrior year −$9,506−$12,188
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $305,038 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $303,902$303,902
VIII-3 Investment incomeExcluded from tax $724$724
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $412$412
VIII-12 Total revenueRelated to mission $303,902 · Excluded from tax $1,136$305,038
Part IX · Statement of functional expenses $317,226 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,295$31,295
IX-7 Other salaries and wagesPrograms $9,600$9,600
IX-10 Payroll taxesPrograms $1,469$1,469
IX-11a Management feesPrograms $21,273$21,273
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $2,360$2,360
IX-11g Other fees for servicesPrograms $169,678$169,678
IX-12 Advertising and promotionPrograms $57$57
IX-13 Office expensesManagement $13,553$13,553
IX-16 OccupancyPrograms $1,132$1,132
IX-17 TravelManagement $2,662$2,662
IX-19 Conferences, conventions and meetingsManagement $1,349$1,349
IX-20 InterestPrograms $15,863$15,863
IX-22 Depreciation, depletion and amortizationPrograms $20,376$20,376
IX-23 InsurancePrograms $26,409$26,409
IX-25 Total functional expensesPrograms $297,152 · Management $20,074 · Fundraising $0$317,226
Part X · Balance sheet $328,605 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $8,967$62,611
X-4 Accounts receivableStart of year $8,367$28,117
X-9 Prepaid expenses and deferred chargesStart of year $4,010$5,694
X-10c Land, buildings and equipment, netStart of year $213,884$221,603
X-14 Intangible assets$10,462
X-15 Other assetsStart of year $109,906$118
X-16 Total assetsStart of year $345,134$328,605
X-19 Deferred revenueStart of year $325$325
X-25 Other liabilitiesStart of year $182,241$64,608
X-26 Total liabilitiesStart of year $648,756$644,415
X-27 Net assets without donor restrictionsStart of year −$303,622−$315,810
X-32 Total net assets or fund balancesStart of year −$303,622−$315,810
X-33 Total liabilities and net assetsStart of year $345,134$328,605
Part XI · Reconciliation of net assets −$315,810 net assets at year end
XI-1 Total revenue$305,038
XI-2 Total expenses$317,226
XI-3 Revenue less expenses−$12,188
XI-4 Net assets at start of year−$303,622
XI-10 Net assets at end of year−$315,810

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

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