Lafayette Elderly Development Corp Dba Beau Sejour Estates is located in Carencro, LA. The organization was established in 1986. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2017, Lafayette Elderly Development Corp Dba Beau Sejour Estates employed 5 individuals. Lafayette Elderly Development Corp Dba Beau Sejour Estates 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 06/2017, Lafayette Elderly Development Corp Dba Beau Sejour Estates generated $700.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $605.4k during the year ending 06/2017. While expenses have increased by 1.8% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF FEDERALLY FUNDED LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FEDERALLY FUNDED LOW INCOME HOUSING FOR ELDERLY RESIDENTS
OPERATION OF FEDERALLY FUNDED LOW INCOME HOUSING FOR ELDERLY RESIDENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Vickie Glorioso Manager | Trustee | 37 | $49,910 |
Sadrie Devillier Vice Preside | OfficerTrustee | $0 | |
Judy Laberteaux Secretary | OfficerTrustee | $0 | |
Martha Luby Lcoa Member | Trustee | $0 | |
Lorraine Washington President | OfficerTrustee | $0 | |
Bobby Devillier Board Member | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $34,053 |
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 | $34,053 |
Total Program Service Revenue | $635,615 |
Investment income | $155 |
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 | $700,495 |
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. | $49,910 |
Compensation of current officers, directors, key employees. | $38,506 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $119,163 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $46,244 |
Payroll taxes | $15,426 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,540 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $84 |
Office expenses | $16,161 |
Information technology | $7,296 |
Royalties | $0 |
Occupancy | $31,318 |
Travel | $628 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $220 |
Interest | $18,981 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $100,607 |
Insurance | $41,104 |
All other expenses | $0 |
Total functional expenses | $605,392 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$10,463 |
Savings and temporary cash investments | $102,680 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15,439 |
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 | $35,193 |
Net Land, buildings, and equipment | $775,340 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $82,456 |
Other assets | $0 |
Total assets | $1,000,645 |
Accounts payable and accrued expenses | $34,260 |
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 | $634,782 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $25,765 |
Total liabilities | $694,807 |
Unrestricted restricted net Assets | $305,838 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $305,838 |