Road Home Corporation
- Assets
- $39.5m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Baton Rouge, LA
- Founding
- 06/2008
- Data as of
- 06/2021
- EIN
- 20-8104376
Organization Overview
Road Home Corporation is located in Baton Rouge, LA. The organization was established in 2008. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 06/2021, Road Home Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Road Home Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Road Home Corporation generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $4.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIME PURPOSE IS TO MANAGE THE PROPERTIES THAT HAVE BEEN PURCHASED BY THE STATE OF LOUISIANA UNDER THE CURRENT ROAD HOME PROGRAM AND OTHER LAND PROGRAMS IN ACCORDANCE WITH THE LOUISIANA CONSTITUTION, ART VII, SECTION 21(B)(1).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIME PURPOSE IS TO OVERSEE THE DISTRIBUTION AND MAINTENANCE OF LAND, WHICH WAS DONATED TO THE CORPORATION BY THE STATE TO REPECTIVE PARISHES AFFECTED BY HURRICANES KATRINA AND RITA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Taylor Executive Di | Officer | $158,000 | |
Rebecca Shirley Trustee | Trustee | $0 | |
Walter Leger Jr Trustee | Trustee | $0 | |
Wesley Wyman Trustee | Trustee | $0 | |
Kathy Laborde Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,058,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,058,316 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,058,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,000 |
| Compensation of current officers, directors, key employees. | $39,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,782 |
| Pension plan accruals and contributions | $1,644 |
| Other employee benefits | $24,275 |
| Payroll taxes | $12,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,560 |
| Fees for services: Accounting | $16,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,238 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,705 |
| Travel | $1,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259 |
| Insurance | $29,258 |
| All other expenses | $18,408 |
| Total functional expenses | $4,141,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,979,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,504 |
| Net Land, buildings, and equipment | $35,475,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,530,496 |
| Accounts payable and accrued expenses | $3,902,729 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,858 |
| Total liabilities | $3,982,587 |
| Net assets without donor restrictions | $35,547,909 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,530,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Agricultural Land Trust San Antonio, TX | $3,761,041 | $13,132,879 |
Bexar Land Trust Inc San Antonio, TX | $4,154,955 | $5,531,317 |
Road Home Corporation Baton Rouge, LA | $39,530,496 | $16,058,316 |
Hill Country Conservancy Inc Austin, TX | $8,866,303 | $1,167,096 |
Mississippi River Tr Stoneville, MS | $43,792,138 | $5,164,697 |
Land Tr For The Ms Coastal Plain Biloxi, MS | $21,812,645 | $576,053 |
Bayou Land Conservancy Houston, TX | $4,064,106 | $765,528 |
Connemara Conservancy Foundation Allen, TX | $1,212,308 | $74,893 |
Preservation Of South West Texas Wildlife Rocksprings, TX | $229,502 | $401,086 |
Texas Land Trust Council Wimberley, TX | $808,164 | $317,104 |
Homebase Texas Austin, TX | $1,556,340 | $97,258 |
Frontera Land Alliance El Paso, TX | $347,283 | $275,456 |