Project Homecoming Inc
- Assets
- $301.5k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 25
- Location
- New Orleans, LA
- Founding
- 08/2011
- Data as of
- 12/2017
- EIN
- 32-0312933
Organization Overview
Project Homecoming Inc is located in New Orleans, LA. The organization was established in 2011. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2017, Project Homecoming Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Homecoming Inc 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 12/2017, Project Homecoming Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT FOCUSED ON OWNER OCCUPIED HOME RENOVATIONS FOR LOW-INCOME FAMILIES, AND DEVELOPMENT OF AFFORDABLE HOUSING FROM BLIGHTED/VACANT PROPERTIES, WORKFORCE DEVELOPMENT, AND PRESERVATION AFFORDABLE RENTAL PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT HOMECOMING IS A FAITH-BASED COMMUNITY DEVELOPMENT ORGANIZATION BUILDING RESILIENT NEIGHBORHOODS IN THE GREATER NEW ORLEANS AREA: 260 HOMEOWNERS HAVE BEEN RETURNED TO REHABILITATED, ENERGY EFFICIENT, HANDICAPPED ACCESSIBLE HOMES AND 50 HOMES HAVE BEEN RESCUED FROM BLIGHT AND SOLD TO FIRST-TIME LOW AND MODERATE INCOME HOMEOWNERS. WE TRAIN 5-10 UNEMPLOYED/UNDEREMPLOYED LOCAL ADULT RESIDENTS IN OUR WORKFORCE DEVELOPMENT PROGRAM, WHO EARN A LIVING WAGE WHILE ON A TRAJECTORY FOR $14-20 PER HOUR AND FULL BENEFITS. PROJECT HOMECOMING HOLDS SECTION 3 CERTIFICATION AND A GENERAL CONTRACTORS LICENSE. AWARDS INCLUDE AN AWARD OF EXCELLENCE IN HISTORIC RENOVATION BY THE LOUISIANA LANDMARKS SOCIETY FOR THE REBUILDING OF PROFESSOR LONGHAIRS HOUSE.
PROJECT HOMECOMING IS A FAITH-BASED COMMUNITY DEVELOPMENT ORGANIZATION BUILDING RESILIENT NEIGHBORHOODS IN THE GREATER NEW ORLEANS AREA: 260 HOMEOWNERS HAVE BEEN RETURNED TO REHABILITATED, ENERGY EFFICIENT, HANDICAPPED ACCESSIBLE HOMES AND 50 HOMES HAVE BEEN RESCUED FROM BLIGHT AND SOLD TO FIRST-TIME LOW AND MODERATE INCOME HOMEOWNERS. WE TRAIN 5-10 UNEMPLOYED/UNDEREMPLOYED LOCAL ADULT RESIDENTS IN OUR WORKFORCE DEVELOPMENT PROGRAM, WHO EARN A LIVING WAGE WHILE ON A TRAJECTORY FOR $14-20 PER HOUR AND FULL BENEFITS. PROJECT HOMECOMING HOLDS SECTION 3 CERTIFICATION AND A GENERAL CONTRACTORS LICENSE. AWARDS INCLUDE AN AWARD OF EXCELLENCE IN HISTORIC RENOVATION BY THE LOUISIANA LANDMARKS SOCIETY FOR THE REBUILDING OF PROFESSOR LONGHAIRS HOUSE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bloodworth Board Member | Trustee | 1 | $0 |
Sandy Bennett Secretary | OfficerTrustee | 3 | $0 |
Brad Calloway Treasurer | OfficerTrustee | 1 | $0 |
Mary Alexander Past President | OfficerTrustee | 1 | $0 |
Kurt Gerwitz President | OfficerTrustee | 3 | $0 |
Betsy Irvine Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rigobertos Constructions Llc | 12/30/17 | $62,330 |
Kimbles Ac Heating | 12/30/17 | $57,590 |
Duette Sims Jr | 12/30/17 | $13,500 |
Trashaulers | 12/30/17 | $4,875 |
Joes Gutters | 12/30/17 | $5,740 |
Kimbles Ac Heating | 12/30/17 | $57,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,107 |
| Total Program Service Revenue | $1,110,796 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,700 |
| 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 | $1,651,264 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,775 |
| Advertising and promotion | $4,185 |
| Office expenses | $4,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,404 |
| Travel | $131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,352 |
| Insurance | $0 |
| All other expenses | $13,036 |
| Total functional expenses | $1,635,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $162,594 |
| Prepaid expenses and deferred charges | $51,957 |
| Net Land, buildings, and equipment | $2,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $301,497 |
| Accounts payable and accrued expenses | $34,634 |
| 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 | $152,076 |
| Total liabilities | $186,710 |
| Unrestricted restricted net Assets | $114,787 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $114,787 |