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Greater St Stephen Housing Dev Corp

Tax-deductible

New Orleans, LA501(c)(3)Housing EIN 74-2849874Revenue $1.0M in FY2023

On file with the IRS5600 Read Blvd, 70127-3106 · New Orleans, LATax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The organizations mission is to provide low to moderate income families with attractive, well-maintained, safe and affordable housing.

501(c)(3) charity; gifts are tax-deductible.
67¢ 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $68K a year · 8% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$330K
7% of total assets
Looks good: liabilities are 7% 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
$1.0M
+57% vs prior year
Spent
$1.0M
To programs
67%
Net assets
$4.4M
By yearFY2020–FY2023
Revenue
$1.0M
FY2023▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2020$611K
FY2021$1.0M
FY2022$665K
FY2023$1.0M
Expenses
$1.0M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$777K
FY2021$858K
FY2022$950K
FY2023$1.0M
Net assets
$4.4M
FY2023+0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.6M
FY2021$4.7M
FY2022$4.4M
FY2023$4.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Revoked May 2016, reinstated. IRS ruling Apr 2017, per the IRS master file. Latest filing on record: FY2023. IRS ruling in Apr 2017.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $690K Management & general 33% · $344K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Greater St Stephen Housing Dev Corp 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 safe, affordable, and well-maintained housing for low to moderate income families.

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Provided by the organization

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1 program · $690K · in their own filed words · FY2023
01

To provide low income housing.

$690Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$694K
Gifts and grantsLn 1h$349K
Money outPt IX
$1.0M
Ln 25
Programscol B$690K
Managementcol C$344K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$380
Total assetsLn 16$4.8M
LiabilitiesLn 26$330K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$349K
Government grantsLn 1e$310K
Fees for servicesLn 2g$694K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$380
Cash and savings togetherLn 1–2$380
Land, buildings, equipmentLn 10c$4.5M
Total assetsLn 16$4.8M
LiabilitiesLn 26$330K
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$380
Land, buildings, equipmentLn 10c$4.7M$4.5M
Total assetsLn 16$4.8M$4.8M
LiabilitiesLn 26$365K$330K
Net assetsLn 32$4.4M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$131K$131K
Other fees for servicesLn 11g$22K$22K
Office expensesLn 13$10K$9K$1K
Information technologyLn 14$3K$3K
OccupancyLn 16$297K$294K$3K
TravelLn 17$9K$997$8K
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$258K$258K
InsuranceLn 23$255K$255K
Other expenses (24a–d)Ln 24$33K$33K
Total functional expensesLn 25$1.0M$690K$344K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $1.0M$1.0M$9K$4.4M 990 PDF
FY2022 $665K$950K−$285K$4.4M 990 PDF
FY2021 $1.0M$858K$172K$4.7M 990 PDF
FY2020 $611K$777K−$167K$4.6M 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 FY2023 990 (6 parts)
Part I · Summary $1,042,966 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,909$349,019
I-9 Program service revenuePrior year $632,286$693,947
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $665,195$1,042,966
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $151,216$130,884
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $798,487$902,989
I-18 Total expensesPrior year $949,703$1,033,873
I-19 Revenue less expensesPrior year −$284,508$9,093
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,042,966 across 5 lines filed
VIII-1e Government grants$310,442
VIII-1f All other contributions, gifts and grants$38,577
VIII-1h Total contributions, gifts and grants$349,019
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $693,947$693,947
VIII-12 Total revenueRelated to mission $693,947 · Unrelated business $0 · Excluded from tax $0$1,042,966
Part IX · Statement of functional expenses $1,033,873 across 10 lines filed
IX-7 Other salaries and wagesPrograms $130,884$130,884
IX-11g Other fees for servicesManagement $22,139$22,139
IX-13 Office expensesPrograms $9,000 · Management $1,107$10,107
IX-14 Information technologyManagement $3,218$3,218
IX-16 OccupancyPrograms $294,015 · Management $3,133$297,148
IX-17 TravelPrograms $997 · Management $7,552$8,549
IX-20 InterestManagement $15,061$15,061
IX-22 Depreciation, depletion and amortizationManagement $258,136$258,136
IX-23 InsurancePrograms $255,393$255,393
IX-24 Other expenses (24a–d)Management $33,238$33,238
IX-25 Total functional expensesPrograms $690,289 · Management $343,584 · Fundraising $0$1,033,873
Part X · Balance sheet $4,779,092 assets, 12 lines filed
Asset lines not itemized here account for $217,205; see the IRS return.
X-1 Cash, non-interest-bearing$380
X-3 Pledges and grants receivable$50,000
X-4 Accounts receivableStart of year $53,975$8,376
X-9 Prepaid expenses and deferred charges$37,397
X-10c Land, buildings and equipment, netStart of year $4,714,033$4,465,734
X-16 Total assetsStart of year $4,805,505$4,779,092
X-17 Accounts payable and accrued expensesStart of year $133,816$112,375
X-26 Total liabilitiesStart of year $365,086$329,580
X-27 Net assets without donor restrictionsStart of year −$136,915−$127,822
X-28 Net assets with donor restrictionsStart of year $4,577,334$4,577,334
X-32 Total net assets or fund balancesStart of year $4,440,419$4,449,512
X-33 Total liabilities and net assetsStart of year $4,805,505$4,779,092
Part XI · Reconciliation of net assets $4,449,512 net assets at year end
XI-1 Total revenue$1,042,966
XI-2 Total expenses$1,033,873
XI-3 Revenue less expenses$9,093
XI-4 Net assets at start of year$4,440,419
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,449,512

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

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