Louisiana Homebuyer Education Collaborative Inc
- Assets
- $1.1m
- Revenue
- $514.8k
- Investments
- $0.0
- Employees
- 6
- Location
- New Orleans, LA
- Founding
- 09/2014
- Data as of
- 12/2020
- EIN
- 46-3546935
Organization Overview
Louisiana Homebuyer Education Collaborative Inc is located in New Orleans, LA. The organization was established in 2014. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2020, Louisiana Homebuyer Education Collaborative Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Homebuyer Education Collaborative 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 12/2020, Louisiana Homebuyer Education Collaborative Inc generated $514.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $931.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE LOUISIANA HOMEBUYER EDUCATION COLLABORATIVE, INC. (LHEC) IS A NON- PROFIT ORGANIZATION WHOSE PURPOSE IS TO SUPPORT ORGANIZATIONS PROVIDING FIRST-TIME HOMEBUYERS EDUCATION, FINANCIAL LITERACY, CREDIT COUNSELING, FORECLOSURE PREVENTION AND OTHER RELATED SERVICES BY ENSURING THAT EACH ORGANIZATION ADHERES TO THE LHEC'S CORE CURRICULUM AND QUALITY STANDARDS; AND ANNUALLY CERTIFY THOSE ORGANIZATIONS THAT MEET THE LHEC'S CURRICULUM AND STANDARDS SO THAT PROSPECTIVE HOMEBUYERS ARE ASSURED A QUALITY FINANCIAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PROCESS AND PLAN FOR NEW ORLEANS TO ACHIEVE AFFORDABILITY IN HOUSING AT ALL LEVELS. HOUSING NOLA RELEASED ITS FIRST REPORT AT THE END OF 2015, WHICH IS SERVING AS A GUIDE FOR NON-PROFITS, GOVERNMENT AND THE PRIVATE SECTOR TO CREATE EQUITABLE, SUSTAINABLE AND AFFORDABLE HOUSING FOR ALL NEW ORLEANS.
FELLOWSHIP PROGRAM: OFFERS A UNIQUE OPPORTUNITY FOR HIGHLY MOTIVATED AND QUALIFIED INDIVIDUALS TO LEARN ABOUT NEW ORLEANS HOUSING ISSUES FOR A WIDE ARRAY OF EXPERIENCED AFFORDABLE HOUSING PROFESSIONALS. THROUGH THE MENTORSHIP OF THESE PROFESSIONALS, FELLOWS DEVELOP THE SKILLS NECESSARY TO BEGIN ADVOCATING FOR AFFORDABLE, EQUITABLE, AND SAFE HOUSING IN NEW ORLEANS AND BEYOND.
GNHOA: TO COLLABORATE AND SUPPORT MEMBER EFFORTS TO BUILD AFFORDABLE HOUSING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Breaux Vice Preside | OfficerTrustee | 2 | $0 |
Fred J Johnson President | OfficerTrustee | 2 | $0 |
Daisy Lagrue Secretary/tr | OfficerTrustee | 2 | $0 |
Andreanecia Morris Executive Di | OfficerTrustee | $0 | |
Mindy Dinicola-Tassin Board Member | Trustee | 2 | $0 |
Ellen Lee Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,284 |
| Total Program Service Revenue | $14,050 |
| 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 | $514,804 |
| 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 | $252,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,993 |
| Payroll taxes | $23,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,000 |
| Fees for services: Accounting | $5,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,327 |
| Office expenses | $12,826 |
| Information technology | $10,000 |
| Royalties | $0 |
| Occupancy | $16,688 |
| Travel | $4,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,111 |
| Interest | $0 |
| Payments to affiliates | $8,300 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $290 |
| All other expenses | $505 |
| Total functional expenses | $931,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $754,884 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,383 |
| Total assets | $1,122,686 |
| Accounts payable and accrued expenses | $10,764 |
| 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 | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $160,664 |
| Net assets without donor restrictions | $962,022 |
| 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 | $1,122,686 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Louisiana Homebuyer Education Collaborative Inc has recieved totaling $2,754,942.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $1,000,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $500,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $475,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $450,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Housing and Transportation | $150,500 |
Roy And Patricia Disney Family Foundation Burbank, CA PURPOSE: PROJECT OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Child Nutrition Services Lufkin, TX | $670,053 | $6,900,761 |
Samaritan House Community Center Rogers, AR | $3,368,725 | $7,534,821 |
Our Calling Inc Dallas, TX | $11,934,402 | $7,659,292 |
Bear Be A Resource For Cps Kids Houston, TX | $2,500,894 | $2,456,838 |
Restore Hope Inc Little Rock, AR | $316,312 | $1,564,715 |
My Connect Community Houston, TX | $2,195,624 | $839,919 |
Helping Other People Effectively Inc Stephenville, TX | $334,928 | $960,022 |
Louisiana Homebuyer Education Collaborative Inc New Orleans, LA | $1,122,686 | $514,804 |
Arkansas Employment Career Center Little Rock, AR | $48,002 | $602,331 |
Ravens Outreach Center Inc Baton Rouge, LA | $1,197,161 | $365,708 |
Heartfulness Institute Austin, TX | $4,090,930 | $2,344,282 |
Odessa Links Inc Odessa, TX | $192,294 | $405,520 |