Housing Corporation Of Acadiana Inc
- Assets
- $717.2k
- Revenue
- $167.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 72-1403747
Organization Overview
Housing Corporation Of Acadiana Inc is located in Lafayette, LA. The organization was established in 1998. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Corporation Of Acadiana 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 12/2022, Housing Corporation Of Acadiana Inc generated $167.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $187.4k during the year ending 12/2022. While expenses have increased by 2.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HOUSING TO LOW INCOME, ELDERLY, AND DISABLED INDIVIDUALS, WHICH IS SUBSIDIZED BY HUD SECTION 8 RENTAL ASSISTANCE PAYMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT IS A 22-UNIT APARTMENT COMPLEX LOCATED IN RAYNE, LOUISIANA. THE PROJECT IS OPERATED UNDER SECTION 811/SECTION 8 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joelle Boudreaux Member | Trustee | 1 | $0 |
Kemper Bowen Member | Trustee | 1 | $0 |
Deacon Ed Boustany President/ce | OfficerTrustee | 1 | $0 |
Kevin Caswell Chairman Eme | OfficerTrustee | 1 | $0 |
Franchesca L Hamilton-Acker Secretary | Trustee | 1 | $0 |
Susan Holliday Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,941 |
| 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 | $107,941 |
| Total Program Service Revenue | $59,285 |
| Investment income | $40 |
| 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 | $167,266 |
| 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 | $17,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $237 |
| Payroll taxes | $1,015 |
| Fees for services: Management | $15,312 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $558 |
| Office expenses | $19,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,471 |
| 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 | $33,961 |
| Insurance | $16,586 |
| All other expenses | $0 |
| Total functional expenses | $187,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,477 |
| 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 | $20,614 |
| Net Land, buildings, and equipment | $574,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,521 |
| Total assets | $717,206 |
| Accounts payable and accrued expenses | $31,827 |
| Grants payable | $0 |
| Deferred revenue | $34 |
| 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 | $1,158,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,928 |
| Total liabilities | $1,195,389 |
| Net assets without donor restrictions | -$478,183 |
| 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 | $717,206 |