Pontchartrain Housing Corp Ii
- Assets
- $11.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2001
- Data as of
- 06/2022
- EIN
- 72-1116016
Organization Overview
Pontchartrain Housing Corp Ii is located in New Orleans, LA. The organization was established in 2001. 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. Pontchartrain Housing Corp Ii 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 06/2022, Pontchartrain Housing Corp Ii generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES HOUSING FOR LOW-INCOME, ELDERLY, AND HANDICAPPED INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FOR LOW INCOME, ELDERLY, & HANDICAPPED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Ron Yager President | Officer | 1 | $0 |
Mr Wayne Mayeux Vice President | Officer | 1 | $0 |
Ms Tammy Cardinale Secretary/treas | Officer | 1 | $0 |
Mr And Mrs Raymond Arroyo Trustees | Trustee | 1 | $0 |
Rev Colm Cahill Trustee | Trustee | 1 | $0 |
Mr And Mrs Corey Dunbar Trustees | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All Pro Electric Inc Electrical | 6/29/22 | $150,135 |
The Titan Group Llc Construction | 6/29/22 | $351,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $69,188 |
| Government grants | $0 |
| 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 | $69,188 |
| Total Program Service Revenue | $2,018,318 |
| Investment income | $229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$814,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,272,806 |
| 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 | $176,513 |
| Fees for services: Legal | $6,702 |
| Fees for services: Accounting | $27,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $228,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,366 |
| Insurance | $198,644 |
| All other expenses | $179,094 |
| Total functional expenses | $2,491,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,438 |
| Savings and temporary cash investments | $475,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,034,467 |
| 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 | $184,797 |
| Net Land, buildings, and equipment | $9,591,904 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,100 |
| Total assets | $11,488,056 |
| Accounts payable and accrued expenses | $891,455 |
| Grants payable | $0 |
| Deferred revenue | $9,492 |
| 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 | $4,537,388 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $278,555 |
| Total liabilities | $5,716,890 |
| Net assets without donor restrictions | $5,701,816 |
| Net assets with donor restrictions | $69,350 |
| 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 | $11,488,056 |