Peoples Housing Inc
- Assets
- $3.8m
- Revenue
- $644.3k
- Investments
- $0.0
- Employees
- 4
- Location
- New Orleans, LA
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-3700373
Organization Overview
Peoples Housing Inc is located in New Orleans, LA. The organization was established in 2015. 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 12/2022, Peoples Housing Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peoples Housing 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 12/2022, Peoples Housing Inc generated $644.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $680.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOME BY HAND IS A NONPROFIT AFFORDABLE HOUSING DEVELOPER AND COMMUNITY REVITALIZATION ORGANIZATION SERVING NEW ORLEANS. THE ORGANIZATION CREATES NEIGHBORHOODS OF OPPORTUNITY THROUGH THE REDEVELOPMENT OF VACANT AND ABANDONED PROPERTIES AS SELF-HELP HOUSING AND ADVANCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME BY HAND (HBH) BECAME FULLY OPERATIONAL IN 2016 AND LAUNCHED ITS FIRST AFFORDABLE HOUSING DEVELOPEMENT PROGRAM. HBH RECRUITED LOW AND MODERATE INCOME HOMEBUYERS TO PARTICIPATE IN A SWEAT-EQUITY PROGRAM IN WHICH THE HOMEBUYER PERFORMED CONSTRUCTION UNDER THE SUPERVISION OF HBH STAFF, AND HOME BY HAND BEGAN CONSTRUCTION ON NEW HOMES IN A DISTRESSED NEIGHBORHOOD IN NEW ORLEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oji Alexander Executive Director | Officer | 40 | $120,750 |
Jarred Jupiter Board Member | Trustee | 1 | $0 |
Dahlia El-Shefei Board Member | Trustee | 1 | $0 |
Micah Lowenthal Board Member | Trustee | 1 | $0 |
Caroline Minor Board Member | Trustee | 1 | $0 |
Dee Green Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $423,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,357 |
| Total Program Service Revenue | $61,140 |
| Investment income | $21,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $122,349 |
| Net Income from Fundraising Events | $14,245 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,267 |
| 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. | $141,749 |
| Compensation of current officers, directors, key employees. | $21,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,470 |
| Payroll taxes | $24,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30 |
| Fees for services: Accounting | $8,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,731 |
| Advertising and promotion | $9,376 |
| Office expenses | $11,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,817 |
| Travel | $4,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,074 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,117 |
| Insurance | $19,562 |
| All other expenses | $0 |
| Total functional expenses | $680,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,112 |
| Savings and temporary cash investments | $312,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,200,658 |
| Inventories for sale or use | $1,638,119 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $148,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $476,150 |
| Total assets | $3,808,321 |
| Accounts payable and accrued expenses | $46,696 |
| Grants payable | $0 |
| Deferred revenue | $233,248 |
| 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 | $2,288,361 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,568,305 |
| Net assets without donor restrictions | $1,117,146 |
| Net assets with donor restrictions | $122,870 |
| 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 | $3,808,321 |