Felicity Street Redevelopment Inc
- Assets
- $1.3m
- Revenue
- $800.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 72-1421721
Organization Overview
Felicity Street Redevelopment Inc is located in New Orleans, LA. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Felicity Street Redevelopment 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 12/2021, Felicity Street Redevelopment Inc generated $800.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $109.7k during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE, BY PRESERVING AND RENOVATING A PORTION OF THE CENTRAL CITY OF NEW ORLEANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVITALIZATION OF BLIGHTED PROPERTIES: IN ADDITION TO THE PROGRAM EXPENSES REFERENCED ABOVE, IN 2021, THE ORGANIZATION INVESTED $312,768 FOR THE PURCHASE AND REVITALIZATION OF BLIGHTED PROPERTIES IN ITS PORTFOLIO. SUCH EXPENDITURES ARE REFLECTED IN BUILDING AND LAND COSTS REPORTED ON THE BALANCE SHEET (PART X, LINE 10) AND, IN THE CASE OF PROPERTIES SOLD DURING THE YEAR, THE COST BASIS OF SAID PROPERTIES AT SALE (PART VIII, LINE 7B).
CIVIL RIGHTS CORRIDOR PROJECT: IN 1957, LEADERS OF THE CIVIL RIGHTS MOVEMENT CAME TOGETHER IN NEW ORLEANS TO FORM THE SOUTHERN CHRISTIAN LEADERSHIP CONFERENCE (SCLC). MARTIN LUTHER KING, JR. AND OTHER ORGANIZERS WERE DETERMINED TO COORDINATE A NONVIOLENT DIRECT ACTION AS A METHOD OF DESEGREGATING BUS SYSTEMS ACROSS THE SOUTH AND EVENTUALLY TAKING ON WIDER ISSUES. THE TULANE REGIONAL URBAN DESIGN CENTER (TRUDC) AND FELICITY REDEVELOPMENT, INC. WORKED WITH OTHER COMMUNITY MEMBERS TO CREATE AN INTERPRETIVE CENTER TO COMMEMORATE THE SIGNIFICANCE OF THIS AND OTHER CIVIL RIGHTS ACTIONS THAT WERE PLANNED OR CARRIED OUT IN NEW ORLEANS AND WHICH INFLUENCED THE DIRECTION OF THE WIDER CIVIL RIGHTS MOVEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula George President | OfficerTrustee | 10 | $0 |
Camille Strachan Vice President | OfficerTrustee | 3 | $0 |
Patrick Mckenna Treasurer | OfficerTrustee | 3 | $0 |
Colleen Lusignan Secretary | OfficerTrustee | 3 | $0 |
Ouida Laudumiey Director | Trustee | 3 | $0 |
Kendall Clayton Director | Trustee | 3 | $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 | $49 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,504 |
| Net Gain/Loss on Asset Sales | $786,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,690 |
| 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 | $0 |
| Fees for services: Legal | $36,695 |
| 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 | $14,041 |
| Advertising and promotion | $0 |
| Office expenses | $42 |
| Information technology | $555 |
| Royalties | $0 |
| Occupancy | $7,768 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,294 |
| All other expenses | $0 |
| Total functional expenses | $109,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $590,145 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,338,681 |
| Accounts payable and accrued expenses | $0 |
| 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 | $123,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,575 |
| Total liabilities | $127,094 |
| Net assets without donor restrictions | $1,211,587 |
| 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 | $1,338,681 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Felicity Street Redevelopment Inc has recieved totaling $49.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avance Inc San Antonio, TX | $11,319,048 | $60,395,226 |
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |