Christopher Homes Inc
- Assets
- $8.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 155
- Location
- New Orleans, LA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 72-0684725
Organization Overview
Christopher Homes Inc is located in New Orleans, LA. The organization was established in 1946. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Christopher Homes Inc employed 155 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Christopher Homes 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 06/2023, Christopher Homes Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 4.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT OF AFFORDABLE RENTAL HOUSING FOR THE ELDERLY AND HANDICAPPED - HUD PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MANAGE LOW COST RENTAL HOUSING FOR THE ELDERLY AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Tony Faciane Member | Trustee | 1 | $0 |
Benjamin D Hicks Member | Trustee | 1 | $0 |
Bob Menard Member | Trustee | 1 | $0 |
Brett Venn Member | Trustee | 1 | $0 |
Deacon Paul Ory Member | Trustee | 1 | $0 |
Dirk Wild Member | Trustee | 1 | $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 | $213,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,447 |
| Total Program Service Revenue | $1,722,490 |
| Investment income | $116,317 |
| 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 | $2,052,254 |
| 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. | $166,891 |
| Compensation of current officers, directors, key employees. | $35,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $882,574 |
| Pension plan accruals and contributions | $57,992 |
| Other employee benefits | $120,498 |
| Payroll taxes | $104,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,422 |
| Fees for services: Accounting | $37,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,000 |
| Advertising and promotion | $10,633 |
| Office expenses | $64,139 |
| Information technology | $51,648 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $1,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,725 |
| Interest | $20,000 |
| Payments to affiliates | $262,530 |
| Depreciation, depletion, and amortization | $1,370 |
| Insurance | $50,783 |
| All other expenses | $0 |
| Total functional expenses | $2,054,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,635,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $612,681 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,655 |
| Net Land, buildings, and equipment | $6,092 |
| Investments—publicly traded securities | $3,329,386 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,918,155 |
| Total assets | $8,783,561 |
| Accounts payable and accrued expenses | $1,098,964 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,022,868 |
| 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 | $0 |
| Total liabilities | $3,121,832 |
| Net assets without donor restrictions | $5,661,729 |
| 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 | $8,783,561 |