Pine Tree Manor INC

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EIN 75-1594442 Membership association Metairie, LA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$400K
FY2024+0.1%
Expenses
$575K
FY2024▲ +96%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Offers affordable housing for low-income individuals, following USDA guidelines. For fiscal year 2024 it reported $400K in revenue, $575K in expenses, and $-167K in net assets.Pt I

Type
Membership association · Nonprofit
Location
Metairie, LA
Filings
5 on file (2020–2024)
Revenue
$400KFY2024
Expenses
$575K
Net assets
$-167K
People
1
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Provided by the organization

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Size
$100K–1M
What they do
Offers affordable housing for low-income individuals, following USDA guidelines.
Leadership
Clifford E Olsen · President
Money in and out
$400K revenue, $575K expenses
Bottom line
-44% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A social-welfare organization or civic league. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

86% to programs

86% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · → +0.1% vs prior year

Revenue band $100K–1M, +0.1% versus the prior filing year (flat). See detail →

Membership & operating revenue · FY2024
Total revenue
$400K
Pt VIII · Ln 12
Total expenses
$575K
Pt IX · Ln 25
Net assets
$-167K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$175K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Operating surplus
-44%
revenue over expenses▼ -264% vs prior filing year
Earned revenue
99%
of revenue from program services & dues-0.2% vs prior filing year
Payroll share
5%
of spending is salaries & benefits▼ -36% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$231K
FY2024▲ +2%
Total liabilities
$397K
FY2024▲ +82%
Revenue less expensesPt I · Ln 19−$175K
Total assetsPt X · Ln 16$231K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CPine Tree Manor INC
EINHdr · item D75-1594442
Principal addressHdr · item CMetairie, LA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Pine Tree Manor INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $493K of program spending, described in the organization's own filed words · FY2024.
01

To provide affordable housing opportunities for low to moderate income individuals in accordance with usda RD housing program of 1949.

$493Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$397K · 99%
Investment income$3K · 1%
Program service revenue99%$397K
Investment income1%$3K
Total revenueLn 12$400K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$493K
Management & general14%$81K
Total functional expensesLn 25$575K

Balance Sheet

Part X · end of year
CashLn 1$166K
Total assetsLn 16$231K
Total liabilitiesLn 26$397K
Total net assetsLn 32$-167K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $166K · Operating expenses/yr $575K
3.5 months
Where the money goes
Program services
Program services $493K · Total expenses $575K
86%
Management & General
Management & general $81K · Total expenses $575K
14%
Fundraising
Fundraising $0 · Total expenses $575K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $400K
0%
Government reliance
Government grants — · Total revenue $400K
—
Earned-income share
Program service revenue $397K · Total revenue $400K
99%
Investment reliance
Investment income $3K · Total revenue $400K
+0.8%
Program self-sufficiency
Program service revenue $397K · Total expenses $575K
69%
Growth & trend
Revenue growth (YoY)
This year $400K · Prior year $399K
+0.1%
Revenue CAGR
FY2020 $330K · FY2024 $400K
+5%
Net-asset trend (YoY)
End of year $-167K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $400K · Expenses $575K
-44%
Liabilities-to-Assets
Total liabilities — · Total assets $231K
—
Net-asset ratio
Net assets $-167K · Total assets $231K
-72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $231K
0%
People & payroll
Highest Reported Total Compensation
Individual Clifford E Olsen · Reported title President · Highest reported compensation $0 · Total expenses $575K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $27K · Total expenses $575K
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Revenue growth 0.1%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$400K revenue · viewing · ⤓ 990 PDF
FY2023$399K revenue · ⤓ 990 PDF
FY2022$281K revenue · ⤓ 990 PDF
FY2021$268K revenue · ⤓ 990 PDF
FY2020$330K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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