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2112 Holdings INC

Not tax-deductible

New Orleans, LAMutual-benefit / member-servingCommunity Development EIN 87-1121072Revenue $2.9M in FY2024Latest return filed Nov 14, 2025

On file with the IRS1514 Jefferson Hwy Bh 546, 70121-0000 · New Orleans, LATax-exempt since Jun 2022

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Holds title to real estate & performs real estate transactions for its tax-exempt shareholders.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
4 of 4
filings with a surplus
Average surplus $831K a year · 32% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$300K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
0% vs prior year
Spent
$2.0M
To programs
0%
Net assets
$39.5M
By yearFY2021–FY2024
Revenue
$2.9M
FY20240%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.8M
FY2022$2.8M
FY2023$2.9M
FY2024$2.9M
Expenses
$2.0M
FY2024-0.01%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.3M
FY2022$2.0M
FY2023$2.0M
FY2024$2.0M
Net assets
$39.5M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$45.9M
FY2022$43.3M
FY2023$41.3M
FY2024$39.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2022.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Joan Coffman
Ceo-Sths; Drctr; Chair (beg: 12/24)
$0Pt VII · Sec A
James Core
Director (end: 12/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
John Evans
Director
$0Pt VII · Sec A
Michael F Hulefeld
Director, Secretary/Treasurer
$0Pt VII · Sec A
Alisha M Lacour MD
Director (beg: 12/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Peter C November
Drctr; Pres & Chair (end: 12/24)
$0Pt VII · Sec A
See 2112 Holdings INC executive salaries →

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

Owns and manages property for tax-exempt organizations.

Questions for 2112 Holdings INC

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Your first name shows with your question. 2112 Holdings INC answers here, for everyone.

1 program · in their own filed words · FY2024
01

Owns, develops, leases, finances, and collects income from property on behalf of shareholders ochsner clinic foundation, a 501(c)(3) corporation and ST. Tammany parish hospital service district no. 1 D/B/A ST. Tammany health system, a section 115 exempt entity. The property, ST.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$2.9M
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$39.5M
net assets · Ln 32
Cash and savingsLn 1–2$737K
Total assetsLn 16$39.8M
LiabilitiesLn 26$300K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.9M
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$737K
Cash and savings togetherLn 1–2$737K
Land, buildings, equipmentLn 10c$39.1M
Total assetsLn 16$39.8M
LiabilitiesLn 26$300K
Net assetsLn 32$39.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$737K$737K
Land, buildings, equipmentLn 10c$40.9M$39.1M
Total assetsLn 16$41.6M$39.8M
LiabilitiesLn 26$300K$300K
Net assetsLn 32$41.3M$39.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$218K
Depreciation, depletion and amortizationLn 22$1.8M
Total functional expensesLn 25$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $2.9M$2.0M$959K$39.5M 990 PDF
FY2023Filed with the IRS Jan 24, 2025 $2.9M$2.0M$959K$41.3M 990 PDF
FY2022Filed with the IRS Feb 9, 2024 $2.8M$2.0M$844K$43.3M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $1.8M$1.3M$562K$45.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,944,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,944,560$2,944,560
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,944,560$2,944,560
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,985,489$1,985,260
I-18 Total expensesPrior year $1,985,489$1,985,260
I-19 Revenue less expensesPrior year $959,071$959,300
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $2,944,560 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,944,560$2,944,560
VIII-12 Total revenueRelated to mission $2,944,560 · Unrelated business $0 · Excluded from tax $0$2,944,560
Part IX · Statement of functional expenses $1,985,260 across 2 lines filed
IX-16 Occupancy$217,858
IX-22 Depreciation, depletion and amortization$1,767,402
IX-25 Total functional expenses$1,985,260
Part X · Balance sheet $39,848,986 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $737,141$737,141
X-10c Land, buildings and equipment, netStart of year $40,879,248$39,111,845
X-16 Total assetsStart of year $41,616,389$39,848,986
X-17 Accounts payable and accrued expensesStart of year $54,465$54,465
X-25 Other liabilitiesStart of year $245,380$245,380
X-26 Total liabilitiesStart of year $299,845$299,845
X-27 Net assets without donor restrictionsStart of year $41,316,544$39,549,141
X-32 Total net assets or fund balancesStart of year $41,316,544$39,549,141
X-33 Total liabilities and net assetsStart of year $41,616,389$39,848,986
Part XI · Reconciliation of net assets $39,549,141 net assets at year end
XI-1 Total revenue$2,944,560
XI-2 Total expenses$1,985,260
XI-3 Revenue less expenses$959,300
XI-4 Net assets at start of year$41,316,544
XI-9 Other changes in net assets−$2,726,703
XI-10 Net assets at end of year$39,549,141

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

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