New Orleans Area Habitat For Humanity Inc
- Assets
- $31.3m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 83
- Location
- New Orleans, LA
- Founding
- 07/1986
- Data as of
- 06/2021
- EIN
- 72-0973161
Organization Overview
New Orleans Area Habitat For Humanity Inc is located in New Orleans, LA. The organization was established in 1986. 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. As of 06/2021, New Orleans Area Habitat For Humanity Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans Area Habitat For Humanity 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, New Orleans Area Habitat For Humanity Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $5.7m during the year ending 06/2021. 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 RESPONSIBLY BUILD COMMUNITIES WHERE FAMILIES CAN THRIVE, IN HOMES THEY CAN AFFORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOAHH'S PRIMARY PROGRAM IS IN THE CONSTRUCTION OF NEW HOMES WITH THE PARTICIPATION OF LOW INCOME (30-80% AMI) FUTURE HOME BUYERS, VOLUNTEERS AND STAFF. UPON COMPLETION OF EACH HOME. NOAHH PROVIDES A 20-30 YEAR INTEREST-FREE MORTGAGE, WITH THOSE PAYMENTS HELPING TO FUND CONSTRUCTION OF OTHER HOMES. IN PARTNERSHIP WITH THE CITY OF NEW ORLEANS AND THE NEW ORLEANS REDEVELOPMENT AUTHORITY, HABITAT ALSO BUILDS AND SELLS HOMES TO LOW-TO MODERATE INCOME BUYERS (UP TO 120% AMI) THAT ARE FINANCED THROUGH LOCAL FINANCIAL INSTITUTIONS. NOAHH ALSO RUNS AN ACTIVE HOME REPAIR PROGRAM THAT MAKES REPAIRS TO LOW INCOME, ELDERLY OR DISABLED HOMEOWNERS WHO LACK THE MEANS TO UNDERTAKE NEEDED REPAIRS THEMSELVES. NOAHH 'S HOME REPAIR SERVICES ALSO AID THOSE IMPACTED BY NATURAL DISASTERS AND MAY INCLUDE (CONT'D ON SCH. O) YOUNGER INDIVIDUALS, BUT ALL ARE LOW INCOME.12 HOMES WERE SOLD, AND 20 HOMES WERE UNDER CONSTRUCTION AT JUNE 30, 2021.
RECOGNIZING THE CITY'S URGENT NEED FOR HEALTHY, AFFORDABLE RENTALS, AND THAT NOT ALL FAMILIES CAN OR WANT TO BECOME HOMEOWNERS, NOAHH HAS MORE THAN 80 AFFORDABLE RENTAL UNITS. THE GOAL IS TO STABILIZE FAMILIES WHILE POSITIONING THEM TO MAKE SOUND FINANCIAL DECISIONS, WHICH WILL BETTER ENABLE THEM TO PURSUE HOMEOWNERSHIP, SHOULD THEY DESIRE TO DO SO.
THE NEW ORLEANS AREA HABITAT FOR HUMANITY RESTORE HAS LOCATIONS IN NEW ORLEANS AND KENNER. NOAHH SELLS GENTLY USED FURNITURE, HOME GOODS, APPLIANCES, AND BUILDING MATERIALS THAT HAVE BEEN DONATED FROM LOCAL INDIVIDUALS, AS WELL AS BUSINESS AND HOTEL RENOVATIONS. THIS PROVIDES A RELIABLE SOURCE OF EARNED INCOME FOR NOAHH, WHILE SERVING AS A SOURCE FOR AFFORDABLE HOME GOODS TO OUR SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite Oestreicher Executive Director | Officer | 50 | $143,785 |
Annette Leblanc Chief Financial Officer | Officer | 50 | $126,469 |
Jay Huffstatler Start Date 91620 Chief Advancement Officer | OfficerTrustee | 50 | $32,004 |
Ann Clayton Chamberlain Vice-President | OfficerTrustee | 2 | $0 |
Chris Ferris Secretary | OfficerTrustee | 1 | $0 |
Robert Eustis President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Electrical Services Llc Electrical | 6/29/21 | $104,841 |
Noel's Plumbing Plumbing | 6/29/21 | $133,381 |
Gbm Builder Inc Sitework/flatwork/foundations | 6/29/21 | $465,182 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,938 |
| Related organizations | $112,773 |
| Government grants | $769,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,024,250 |
| Noncash contributions included in lines 1a–1f | $1,684,698 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,951,931 |
| Total Program Service Revenue | $414,802 |
| Investment income | $7,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $730,503 |
| Net Gain/Loss on Asset Sales | $605,636 |
| Net Income from Fundraising Events | -$8,006 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$54,013 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,711,459 |
| 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. | $351,429 |
| Compensation of current officers, directors, key employees. | $199,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,744,618 |
| Pension plan accruals and contributions | $51,813 |
| Other employee benefits | $227,020 |
| Payroll taxes | $154,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,400 |
| Fees for services: Accounting | $76,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $651,658 |
| Advertising and promotion | $53,544 |
| Office expenses | $60,554 |
| Information technology | $128,492 |
| Royalties | $0 |
| Occupancy | $207,620 |
| Travel | $3,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $109,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $532,600 |
| Insurance | $420,900 |
| All other expenses | $125,144 |
| Total functional expenses | $5,734,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,136,366 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,043 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,748,136 |
| Inventories for sale or use | $1,807,350 |
| Prepaid expenses and deferred charges | $77,207 |
| Net Land, buildings, and equipment | $10,903,874 |
| Investments—publicly traded securities | $14,406,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,725 |
| Total assets | $31,307,957 |
| Accounts payable and accrued expenses | $595,990 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $113,074 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $466,234 |
| Unsecured mortgages and notes payable | $616,127 |
| Other liabilities | $88,652 |
| Total liabilities | $1,880,077 |
| Net assets without donor restrictions | $29,420,530 |
| Net assets with donor restrictions | $7,350 |
| 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 | $31,307,957 |
Grants Awarded
Over the last fiscal year, New Orleans Area Habitat For Humanity Inc has awarded $93,268 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NOAHH MC INC PURPOSE: NOAHH MC IS A SUPPORTING ORGANIZATION OF NEW ORLEANS AREA HABITAT FOR HUMANITY, INC. | $85,268 |
Americus, GA PURPOSE: TITHE PROGRAM | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that New Orleans Area Habitat For Humanity Inc has recieved totaling $1,174,544.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $677,837 |
Karen B Yoh Foundation Malvern, PA PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $125,000 |
Sugar Bowl Louisiana Superdome New Orleans, LA PURPOSE: TO SUPPORT THE NEW ORLEANS AREA HABITAT FOR HUMANITY'S RELIEF EFFORTS FOLLOWING HURRICANE IDA. | $125,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: FUND RAISING & FUND DISTRIBUTION | $61,638 |
United Way Of Southeast Louisiana New Orleans, LA PURPOSE: GRANT FUNDING | $50,000 |
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $46,762 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |
Housing And Community Services Inc San Antonio, TX | $78,883,961 | $25,153,792 |
Front Steps Inc Austin, TX | $4,289,583 | $9,800,885 |
Operation Finally Home New Braunfels, TX | $6,586,831 | $9,808,854 |
Residential Realty Group I Inc A Delaware Corp Houston, TX | $5,107,430 | $0 |
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 |