Gchp-La Chdo Inc
- Assets
- $496.7k
- Revenue
- $12.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-4119478
Organization Overview
Gchp-La Chdo Inc is located in New Orleans, LA. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gchp-La Chdo Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NATURE OF THE BUSINESS OR PURPOSE TO BE CONDUCTED OR PROMOTED IS AS FOLLOWS: ACQUIRE, OWN, DEVELOP, HOLD, SELL, LEASE, TRANSFER, EXCHANGE, OPERATE, AND MANAGE AFFORDABLE HOUSING PROJECTS, INCLUDING ANY BULDINGS AND OTHER IMPROVEMENTS; OBTAIN FINANCING FOR ANY OF THE ABOVE TYPE OF REAL ESTATE PROJECTS; PROVIDED DIRECT ASSISTANCE TO FAMILIES; FOSTER LOW, AFFORDABLE, MODERATE, MIXED USE AND OTHER TYPE OF HOUSING; FOSTER AND STIMULATE ECONOMIC DEVELOPMENT; WORK WITH OTHER NATIONAL, REGIONAL AND LOCAL ORGANIZATIONS TO FURTHER THE GOALS OF THE CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION REHABILITATES A COMMERCIAL BUILDING IN A DISTRESSED NEIGHBORHOOD PARTIALLY FINANCED THROUGH A CDBG GRANT. THE BUILDING WAS FORMERLY A BLIGHTED PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Riener Director | Trustee | 0.25 | $0 |
Randy Nichols Director | Trustee | 0.25 | $0 |
Rev Willie Gable Jr Director | OfficerTrustee | 0.25 | $0 |
Kathleen Laborde President | Officer | 0.25 | $0 |
Richard Campbell Treasurer | Officer | 0.25 | $0 |
Gretchen Edinburgh Secretary | Officer | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,396 |
| 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 | $12,396 |
| 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 | $144,126 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,101 |
| Insurance | $7,291 |
| All other expenses | $5,816 |
| Total functional expenses | $186,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $750 |
| 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 | $1,769 |
| Net Land, buildings, and equipment | $494,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65 |
| Total assets | $496,742 |
| Accounts payable and accrued expenses | $9,194 |
| 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 | $1,686,780 |
| Total liabilities | $1,695,974 |
| Net assets without donor restrictions | -$1,199,232 |
| 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 | $496,742 |