Le Vision Community Development Corporation

Tax-deductible

Alexandria, LA501(c)(3)HousingEIN 72-1425982

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To provide affordable housing to low-income senior citizens.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 7 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 3
filings with a surplus
Average surplus $6K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 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
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$154K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$103K
+3% vs prior year
Spent
$83K
To programs
100%
Net assets
$335K
By yearFY2021–FY2024
Revenue
$103K
FY2024▲ +3%
Revenue by fiscal year
FY2021$103K
FY2023$100K
FY2024$103K
Expenses
$83K
FY2024▲ +4%
Expenses by fiscal year
FY2021$126K
FY2023$80K
FY2024$83K
Net assets
$335K
FY2024-0.1%
Net assets by fiscal year
FY2021$342K
FY2023$335K
FY2024$335K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1998.

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% · $83K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Le Vision Community Development Corporation 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

Provides affordable housing for low-income seniors.

Provided by the organization

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1 program service account for $31K of program spending, described in the organization's own filed words · FY2024.
01

Maintained 20 rental units that are available to low-income senior citizens.

$31Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$103K
Ln 12
Fees for servicesLn 2g$103K
Money outPt IX
$83K
Ln 25
Programscol B$83K
Owns and owesPt X
$335K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$489K
LiabilitiesLn 26$154K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$103K
Total revenueLn 12$103K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$435K
Total assetsLn 16$489K
LiabilitiesLn 26$154K
Net assetsLn 32$335K
OperationsPt I, VI
EmployeesI 51
VolunteersI 67
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 FY24End FY24
Cash and savingsLn 1–2$50K$54K
Land, buildings, equipmentLn 10c$364K$435K
Total assetsLn 16$414K$489K
LiabilitiesLn 26$79K$154K
Net assetsLn 32$335K$335K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$11K$11K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$39K$39K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$83K$83K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $103K$83K$20K$335K 990 PDF
FY2023 $100K$80K$21K$335K 990 PDF
FY2022 Not on file
FY2021 $103K$126K−$23K$342K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $102,901 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $102,901$102,901
VIII-12 Total revenueRelated to mission $102,901$102,901
Part IX · Statement of functional expenses $82,666 across 7 lines filed
IX-7 Other salaries and wagesPrograms $10,710$10,710
IX-10 Payroll taxesPrograms $2,693$2,693
IX-11b Legal feesPrograms $1,614$1,614
IX-11c Accounting feesPrograms $1,614$1,614
IX-11g Other fees for servicesPrograms $39,112$39,112
IX-23 InsurancePrograms $20,731$20,731
IX-24 Other expenses (24a–d)Programs $6,192$6,192
IX-25 Total functional expensesPrograms $82,666 · Management $0 · Fundraising $0$82,666
Part X · Balance sheet $488,847 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $50,110$54,149
X-10c Land, buildings and equipment, netStart of year $364,183$434,698
X-16 Total assetsStart of year $414,293$488,847
X-17 Accounts payable and accrued expenses$5,772
X-24 Unsecured notes and loans payableStart of year $83,128$148,453
X-26 Total liabilitiesStart of year $79,265$154,225
X-27 Net assets without donor restrictionsStart of year $335,028$334,622
X-32 Total net assets or fund balancesStart of year $335,028$334,622
X-33 Total liabilities and net assetsStart of year $414,293$488,847
Part XI · Reconciliation of net assets $334,622 net assets at year end
XI-1 Total revenue$102,901
XI-2 Total expenses$82,666
XI-3 Revenue less expenses$20,235
XI-4 Net assets at start of year$335,028
XI-9 Other changes in net assets−$20,641
XI-10 Net assets at end of year$334,622

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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