Pine Tree Manor INC FY2023 filing

EIN 75-1594442 Membership association Metairie, LA
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Revenue & expenses by yearFY2020–FY2024
Revenue
$399K
FY2023▲ +42%
Expenses
$293K
FY2023▲ +32%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Offers affordable housing for low-income individuals, following USDA guidelines. For fiscal year 2023 it reported $399K in revenue, $293K in expenses, and $8K in net assets.Pt I

Type
Membership association · Nonprofit
Location
Metairie, LA
Filings
5 on file (2020–2023)
Revenue
$399KFY2023
Expenses
$293K
Net assets
$8K
People
1
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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
$399K revenue, $293K expenses
Bottom line
+27% operating surplus

What Funders Ask

From IRS filings

Tax-deductible?

warning No

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Spent on programs?

good 75% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↑ +42% vs prior year Details →

Not in filings yet: foundation funders

Membership & operating revenue · FY2023
Total revenue
$399K
Pt VIII · Ln 12
Total expenses
$293K
Pt IX · Ln 25
Net assets
$8K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $107K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Operating surplus
+27%
revenue over expenses
Earned revenue
99%
of revenue from program services & dues
Payroll share
7%
of spending is salaries & benefits

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$227K
FY2023▲ +27%
Total liabilities
$219K
FY2023▼ -21%
Revenue less expensesPt I · Ln 19$107K
Total assetsPt X · Ln 16$227K
Program-expense ratioPt IX · col B75%
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
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Mission & Programs · Part III

Where the work happens

1 program service account for $218K of program spending, described in the organization's own filed words · FY2023.
01

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

$218Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$397K · 99%
Investment income$2K · 1%
Program service revenue99%$397K
Investment income1%$2K
Total revenueLn 12$399K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$218K
Management & general25%$75K
Total functional expensesLn 25$293K

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$227K
Total liabilitiesLn 26$219K
Total net assetsLn 32$8K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $167K · Operating expenses/yr $293K
6.8 months
Where the money goes
Program services
Program services $218K · Total expenses $293K
75%
Management & General
Management & general $75K · Total expenses $293K
25%
Fundraising
Fundraising $0 · Total expenses $293K
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 $399K
0%
Government reliance
Government grants — · Total revenue $399K
—
Earned-income share
Program service revenue $397K · Total revenue $399K
99%
Investment reliance
Investment income $2K · Total revenue $399K
+0.5%
Program self-sufficiency
Program service revenue $397K · Total expenses $293K
136%
Growth & trend
Revenue growth (YoY)
This year $399K · Prior year $281K
+42%
Net-asset trend (YoY)
End of year $8K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $399K · Expenses $293K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $227K
—
Net-asset ratio
Net assets $8K · Total assets $227K
4%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $227K
0%
People & payroll
Highest Reported Total Compensation
Individual Clifford E Olsen · Reported title President · Highest reported compensation $0 · Total expenses $293K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22K · Total expenses $293K
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 25%——
Revenue growth 42%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——
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 · ⤓ 990 PDF
FY2023$399K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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