West 30s Redemption Company Llc
- Assets
- $3.3m
- Revenue
- $287.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Mandeville, LA
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 81-4787187
Organization Overview
West 30s Redemption Company Llc is located in Mandeville, LA. The organization was established in 2017. 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. West 30s Redemption Company Llc 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, West 30s Redemption Company Llc generated $287.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.8% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Reynolds Treasurer | 10 | $0 | |
Bryan Burns Executive Dir. | 40 | $0 | |
Ross Richardson President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $249,951 |
| Interest on Savings | $24,355 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $13,332 |
| Other Income | $0 |
| Total Revenue | $287,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,710 |
| Total operating and administrative expenses | $88,260 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $88,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,858 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $35,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $460,165 |
| Inventories for sale or use | $2,281,616 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,333,639 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,104,821 |
| Other liabilities | $0 |
| Total liabilities | $3,104,821 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that West 30s Redemption Company Llc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas State Affordable Housing Corporation Austin, TX | $253,139,285 | $134,173,909 |
Affordable Homes Of South Texas Inc McAllen, TX | $103,488,334 | $9,163,673 |
Granada Trade Council Housing Inc San Antonio, TX | $11,446,579 | $24,162,688 |
Volunteers Of Victoria Inc Victoria, TX | $9,297,614 | $6,853,984 |
Housing Channel Fort Worth, TX | $32,383,892 | $9,693,954 |
Crossroads Lousiana Inc New Orleans, LA | $7,147,653 | $6,355,494 |
Brownsville Housing Opportunity Corporation Brownsville, TX | $40,656,817 | $6,326,145 |
New Orleans Area Habitat For Humanity Inc New Orleans, LA | $31,307,957 | $6,711,459 |
American Heritage Apartments Inc Texarkana, TX | $48,564,137 | $4,069,211 |
Hope Housing Foundation Mckinney, TX | $20,178,282 | $2,782,264 |
Texas Inter-Faith Housing Corporati On Houston, TX | $27,323,861 | $15,259,186 |
Habitat For Humanity International Inc Mckinney, TX | $9,878,849 | $4,450,183 |