Maison Desprit Of Lafayette Inc
- Assets
- $640.6k
- Revenue
- $191.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 01/1993
- Data as of
- 09/2023
- EIN
- 58-2021964
Organization Overview
Maison Desprit Of Lafayette Inc is located in Lafayette, LA. The organization was established in 1993. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Maison Desprit Of Lafayette 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 09/2023, Maison Desprit Of Lafayette Inc generated $191.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $194.3k during the year ending 09/2023. While expenses have increased by 3.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES LOW INCOME HOUSING ON A NON-PROFIT BASIS PURSUANT TO SECTION 222(B)(3) OF THE NATIONAL HOUSING ACT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LOW INCOME HOUSING ON A NON-PROFIT BASIS PURSUANT TO SECTION 222(B)(3) OF THE NATIONAL HOUSING ACT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Very Reverend Ken Broussard Board Member | Trustee | $0 | |
Bishop Douglas Deshotel President | OfficerTrustee | $0 | |
Maureen Fontenot Secretary | OfficerTrustee | $0 | |
Deacon Jim Kincel Board Member | Trustee | $0 | |
Monsignor W Curtis Mallet Vice Preside | OfficerTrustee | $0 | |
Very Reverend Jared G Suire Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,653 |
| 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 | $128,653 |
| Total Program Service Revenue | $63,064 |
| Investment income | $48 |
| 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 | $191,765 |
| 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 | $32,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,254 |
| Payroll taxes | $2,304 |
| Fees for services: Management | $13,440 |
| Fees for services: Legal | $7 |
| Fees for services: Accounting | $8,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $623 |
| Office expenses | $11,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,331 |
| 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 | $26,655 |
| Insurance | $19,064 |
| All other expenses | $76 |
| Total functional expenses | $194,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,738 |
| Savings and temporary cash investments | $124,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $218 |
| 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 | $15,896 |
| Net Land, buildings, and equipment | $475,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,192 |
| Total assets | $640,621 |
| Accounts payable and accrued expenses | $26,529 |
| Grants payable | $0 |
| Deferred revenue | $1,381 |
| 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 | $4,192 |
| Total liabilities | $32,102 |
| Net assets without donor restrictions | -$375,838 |
| Net assets with donor restrictions | $984,357 |
| 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 | $640,621 |