Poydras Home
- Assets
- $58.4m
- Revenue
- $12.9m
- Investments
- $10.9m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 03/1945
- Data as of
- 12/2023
- EIN
- 72-0451616
Organization Overview
Poydras Home is located in New Orleans, LA. The organization was established in 1945. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Poydras Home 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 12/2023, Poydras Home generated $12.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $14.1m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN INDEPENDENT AND ASSISTED LIVING CENTER FOR THE LONG TERM CARE, COMFORT AND MAINTENACE FOR THE ELDERLY. THE HOME IS LICENSED FOR 64 BEDS AND IS CERTIFIED FOR 74 BEDS. IN 2013, THE FOUNDATION COMPLETED CONSTRUCTION ON OAK HOUSE, A THREE STORY ADDITION THAT ADDED 22 ASSISTED LIVING AND 11 MEMORY CARE ASSISTED LIVING SUITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Asprodites Treasurer | 8 | $0 | |
Bettye Abernathy Bagot Secretary | 8 | $0 | |
Julie Fransen Breitmeyer Board Member | 2 | $0 | |
Suzanne Butler Board Member | 2 | $0 | |
Beth Colon Board Member | 2 | $0 | |
Wendy Dalovisio Board Member | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliant Group | 12/30/23 | $662,636 |
Richard Cpas Llc | 12/30/23 | $106,690 |
Advantage Medical Professionals Llc | 12/30/23 | $169,436 |
Amerisource Funding Inc | 12/30/23 | $89,519 |
Hga Commercial Shoring | 12/30/23 | $89,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $121,156 |
| Interest on Savings | $0 |
| Dividends & Interest | $596,361 |
| Net Rental Income | $1,340,829 |
| Net Gain on Sale of Assets | $197,301 |
| Capital Gain Net Income | $197,301 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,638,684 |
| Total Revenue | $12,901,956 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $249,390 |
| Other employee salaries and wages | $6,759,423 |
| Pension plans, employee benefits | $617,896 |
| Interest | $609,690 |
| Taxes | $548,961 |
| Depreciation | $1,015,300 |
| Occupancy | $358,450 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,611,721 |
| Total operating and administrative expenses | $14,105,182 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $14,105,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,345,778 |
| Savings and temporary cash investments | $802,705 |
| Net Accounts receivable | $1,095,973 |
| Net Pledges Receivable | $41,708 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $302,926 |
| Net Investments - land, buildings, equipment | $763,886 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $39,657,505 |
| Other assets | $3,529,326 |
| Total assets | $58,420,487 |
| Accounts payable and accrued expenses | $1,147,911 |
| Grants payable | $0 |
| Deferred revenue | $844,048 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $23,476,497 |
| Other liabilities | $632,585 |
| Total liabilities | $26,101,041 |