Pontchartrain Housing Corp I
- Assets
- $15.6m
- Revenue
- -$38.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2001
- Data as of
- 06/2022
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Ron Yager President | Officer | 1 | $0 |
Mr Wayne Mayeux Vice President | Officer | 1 | $0 |
Ms Tammy Cardinale Secretary/treas | Officer | 1 | $0 |
Mr And Mrs Raymond Arroyo Trustees | Trustee | 1 | $0 |
Rev Colm Cahill Trustee | Trustee | 1 | $0 |
Mr And Mrs Corey Dunbar Trustees | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blitch Knevel Architects Architect | 6/29/15 | $209,287 |
Donahuefavret Contractors Construction | 6/29/15 | $5,004,129 |
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 | $47,183 |
| 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 | $47,183 |
| Total Program Service Revenue | $162,374 |
| Investment income | $7,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$255,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$38,422 |
| 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 | $10,545 |
| Fees for services: Legal | $3,040 |
| Fees for services: Accounting | $11,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22 |
| Office expenses | $15,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,474 |
| 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 | $369,699 |
| Insurance | $78,378 |
| All other expenses | $37,727 |
| Total functional expenses | $917,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,515 |
| Savings and temporary cash investments | $691,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $321,516 |
| 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 | $75,756 |
| Net Land, buildings, and equipment | $14,115,268 |
| Investments—publicly traded securities | $198,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,625 |
| Total assets | $15,607,640 |
| Accounts payable and accrued expenses | $777,773 |
| Grants payable | $0 |
| Deferred revenue | $3,795 |
| 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 | $22,557 |
| Total liabilities | $804,125 |
| Net assets without donor restrictions | $14,803,515 |
| 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 | $15,607,640 |
Grants Awarded
Over the last fiscal year, Pontchartrain Housing Corp I has awarded $2,900,371 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHC III HSG DBA TIMBER RIDGE PURPOSE: ALTERNATIVE PROJECT FEMA | $631,724 |
PHC II HSG DBA RIVER ROAD PURPOSE: ALTERNATIVE PROJECT FEMA | $2,268,647 |