Pontchartrain Housing Corp I
- Assets
- $15.9m
- Revenue
- $340.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2001
- Data as of
- 06/2021
- EIN
- 72-1116015
Organization Overview
Pontchartrain Housing Corp I is located in New Orleans, LA. The organization was established in 2001. 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. Pontchartrain Housing Corp I 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 06/2021, Pontchartrain Housing Corp I generated $340.9k 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 (3.3%) each year. All expenses for the organization totaled $768.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF LOW-INCOME APARTMENT COMPLEX AND ADMINISTRATIVE OFFICE SUPPORTING LOW INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Wayne Mayeux Vice President | Officer | 1 | $0 |
Ron Yager President | Officer | 1 | $0 |
Ms Tammy Cardinale Secretary/treas | Officer | 1 | $0 |
Mr And Mrs Corey Dunbar Trustees | Trustee | 1 | $0 |
Mr And Mrs Philip Hodges Trustees | Trustee | 1 | $0 |
Mr And Mrs Mark Rodi Trustees | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donahuefavret Contractors Construction | 6/29/15 | $5,004,129 |
Blitch Knevel Architects Architect | 6/29/15 | $209,287 |
Louisiana Office Products Furniture | 6/29/15 | $289,746 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,930 |
| Government grants | $82,554 |
| 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 | $86,484 |
| Total Program Service Revenue | $244,613 |
| Investment income | $9,815 |
| 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 | $340,912 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,601 |
| Fees for services: Legal | $1,100 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,900 |
| Advertising and promotion | $0 |
| Office expenses | $14,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,107 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $395,933 |
| Insurance | $72,718 |
| All other expenses | $11,312 |
| Total functional expenses | $768,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,992 |
| Savings and temporary cash investments | $598,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,655 |
| 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 | $53,087 |
| Net Land, buildings, and equipment | $14,176,236 |
| Investments—publicly traded securities | $617,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,625 |
| Total assets | $15,883,798 |
| Accounts payable and accrued expenses | $41,493 |
| Grants payable | $0 |
| Deferred revenue | $658 |
| 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 | $28,541 |
| Total liabilities | $70,692 |
| Net assets without donor restrictions | $15,813,106 |
| 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 | $15,883,798 |
Grants Awarded
Over the last fiscal year, Pontchartrain Housing Corp I has awarded $2,900,371 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: ALTERNATIVE PROJECT FEMA | $2,268,647 |
New Orleans, LA PURPOSE: ALTERNATIVE PROJECT FEMA | $631,724 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pontchartrain Housing Corp I has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Willwoods Community New Orleans, LA PURPOSE: SUPPORT LOW-INCOME HOUSING | $20,000 |
Willwoods Community New Orleans, LA PURPOSE: SUPPORT LOW-INCOME HOUSING | $20,000 |
Willwoods Community New Orleans, LA PURPOSE: SUPPORT LOW-INCOME HOUSING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Health Presbyterian Hospital Kaufman Kaufman, TX | $17,114,303 | $46,511,695 |
Crossroads Housing Development Corporation Big Spring, TX | $1,430,723 | $31,698,100 |
Foundation Communities Inc Austin, TX | $201,792,213 | $44,085,347 |
Austin Affordable Housing Corporation Austin, TX | $189,492,836 | $40,972,198 |
Foundation Communities Austin, TX | $78,215,940 | $25,689,954 |
Tcc Hill Country Development Corporation Austin, TX | $11,234,408 | $22,073,361 |
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |