Christopher Homes Inc
- Assets
- $10.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 218
- Location
- New Orleans, LA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 72-0684725
Organization Overview
Christopher Homes Inc is located in New Orleans, LA. The organization was established in 1946. 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. As of 06/2021, Christopher Homes Inc employed 218 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Christopher Homes 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 06/2021, Christopher Homes Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 2.6% per year over the past 6 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
MANAGEMENT OF AFFORDABLE RENTAL HOUSING FOR THE ELDERLY AND HANDICAPPED - HUD PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MANAGE LOW COST RENTAL HOUSING FOR THE ELDERLY AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deacon Dennis F Adams Executive Director | Officer | 40 | $146,252 |
Jeffrey Entwisle Ex-Officio | OfficerTrustee | 1 | $145,467 |
Elizabeth Lacombe Member | Trustee | 1 | $81,016 |
Ronald H Dawson Jr Past Chairman | OfficerTrustee | 1 | $0 |
Remy Donnelly Vice Chairman | OfficerTrustee | 1 | $0 |
Philip Coote Board Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,314,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,470,410 |
| Total Program Service Revenue | $1,627,022 |
| Investment income | $99,087 |
| 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 | $3,196,519 |
| 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. | $170,522 |
| Compensation of current officers, directors, key employees. | $35,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $767,852 |
| Pension plan accruals and contributions | $50,672 |
| Other employee benefits | $87,645 |
| Payroll taxes | $69,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,577 |
| Fees for services: Accounting | $36,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,583 |
| Office expenses | $59,726 |
| Information technology | $70,257 |
| Royalties | $0 |
| Occupancy | $44,268 |
| Travel | $435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,064 |
| Interest | $20,767 |
| Payments to affiliates | $236,383 |
| Depreciation, depletion, and amortization | $8,342 |
| Insurance | $39,033 |
| All other expenses | $0 |
| Total functional expenses | $1,743,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,751,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $950,963 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,684,930 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,750 |
| Net Land, buildings, and equipment | $12,606 |
| Investments—publicly traded securities | $3,661,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,900,645 |
| Total assets | $9,980,872 |
| Accounts payable and accrued expenses | $1,089,139 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,995,636 |
| 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 | $47,300 |
| Total liabilities | $3,132,075 |
| Net assets without donor restrictions | $6,848,797 |
| 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 | $9,980,872 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alamo Area Mutual Housing Association Inc San Antonio, TX | $51,706,215 | $15,020,368 |
Community Development Corporation Of Brownsville Inc Brownsville, TX | $63,084,439 | $14,190,282 |
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |
Dallas Neighborhood Alliance For Habitat Dallas, TX | $1,401,689 | $4,975,573 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
Lago De Plata Inc Dallas, TX | $0 | $4,971,984 |
St Jude Inc Dallas, TX | $20,844,887 | $6,967,988 |
South Mississippi Housing Anddevelopment Corporation Gulfport, MS | $21,301,727 | $2,501,846 |
St Martin De Porres Inc Dallas, TX | $5,546,092 | $2,713,631 |
American Agape Foundation Inc San Antonio, TX | $16,088,776 | $3,043,665 |