Brent House Corporation
- Assets
- $2.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 01/1980
- Data as of
- 12/2020
- EIN
- 72-0872457
Organization Overview
Brent House Corporation, operating under the name Brent House Hotel, is located in New Orleans, LA. The organization was established in 1980. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brent House Hotel 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, Brent House Hotel generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $6.1m 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
RENTS HOTEL ROOMS TO PATIENTS OF OCHSNER CLINIC FOUNDATION AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRENT HOUSE RENTS HOTEL ROOMS TO GUESTS WHO ARE EITHER UNDERGOING MEDICAL TREATMENT AT THE OCHSNER MEDICAL FACILITIES OR ARE VISITING RELATIVES OR FRIENDS WHO ARE RECEIVING MEDICAL TREATMENT. 22,027 GUESTS STAYED AT THE BRENT HOUSE HOTEL IN 2021.
RENTAL OF FACILITY SPACE TO RELATED 501(C)(3) CORPORATIONS.
OTHER PATIENT SERVICES. HOTEL GUESTS ARE ALLOWED TO MAKE LONG DISTANCE PHONE CALLS FROM THEIR ROOMS. THE GUEST IS CHARGED THE COST OF THE CALL PLUS A PERCENTAGE MARK-UP. THE BRENT HOUSE ALSO OFFERS TRANSPORTATION SERVICES TO AND FROM THE AIRPORT FOR ALL GUESTS FOR A FEE. FINALLY, THE BRENT HOUSE PROVIDES CERTAIN SERVICES FOR ITS GUESTS IN ORDER TO MAKE THEIR STAY MORE ENJOYABLE. THESE INCLUDE VENDING, LAUNDRY, AND RELATED SOCIAL SERVICES. ALL THESE SERVICES ARE CONTRACTED AND THE BRENT HOUSE RECEIVES A COMMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael F Hulefeld Director, Vice President | OfficerTrustee | 1 | $0 |
Peter C November Director, Secretary | OfficerTrustee | 1 | $0 |
Scott J Posecai Director, CFO & Treasurer | OfficerTrustee | 1 | $0 |
Warner L Thomas Exec Dir, Chairman, President, & CEO | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,946,235 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,020 |
| 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 | $19,661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,974,916 |
| 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 | $1,417,706 |
| Pension plan accruals and contributions | $58,833 |
| Other employee benefits | $250,247 |
| Payroll taxes | $77,908 |
| Fees for services: Management | $114,187 |
| 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 | $445,253 |
| Advertising and promotion | $0 |
| Office expenses | $349,137 |
| Information technology | $24,527 |
| Royalties | $0 |
| Occupancy | $2,428,712 |
| Travel | $80 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129 |
| Interest | $162,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $478,488 |
| Insurance | $81,812 |
| All other expenses | $25,350 |
| Total functional expenses | $6,060,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,910 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,777 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $924 |
| Prepaid expenses and deferred charges | $16,913 |
| Net Land, buildings, and equipment | $2,338,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,513,163 |
| Accounts payable and accrued expenses | $160,775 |
| Grants payable | $0 |
| Deferred revenue | $10,636 |
| 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 | $10,048,037 |
| Total liabilities | $10,219,448 |
| Net assets without donor restrictions | -$7,706,285 |
| 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 | $2,513,163 |
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