New Hope Development Corporation in Baton Rouge, Louisiana (LA)
Table of contents:
New Hope Development Corporation | |
Employer Identification Number (EIN) | 721283893 |
Name of Organization | New Hope Development Corporation |
In Care of Name | Lawrence J Wallace |
Address | 3525 Riley St, Baton Rouge, LA 70805-2746 |
Activities | Described in section 170(b)1)(a)(vi) of the Code, Low and moderate income housing |
Subsection | Charitable Organization |
Ruling Date | 10/1995 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Tax Period | 12/2010 |
Assets | $500,000 to $999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $692,271 |
Amount of Income | $108,556 |
Form 990 Revenue Amount | $108,556 |
National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2010: $108,556 (it was $160,774 in 2009)
This organization: | $108,556 |
Other organizations performing similar types of work: | $141,278 |
Assets in 2010: $692,271 (it was $734,687 in 2009)
New Hope Development Corporation: | $692,271 |
Other organizations performing similar types of work: | $740,093 |
Expenses in 2010: $135,783
This organization: | $135,783 |
Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2010: 0.8
New Hope Development Corporation: | 0.8 |
Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2010: 46.1%
This organization: | 46.1% |
Other organizations performing similar types of work: | 3.7% |
Revenue for 2010
Functional expenses for 2010
Support schedule
Statements Regarding Other IRS Filings and Tax Compliance (for 2010) | |
Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $0 |
Gross income from members or shareholders | $0 |
Gross income from other sources | $0 |
Statement of Revenue (for 2010) | |
Total revenue | $108,556 |
Contributions, Gifts, Grants and Other Similar Amounts | $50,000 |
Program Service Revenue | $57,460 |
Other Revenue | |
Investment income (including dividends, interest, and other similar amounts) | $0 |
Income from investment of tax-exempt bond proceeds | $0 |
Royalties | $0 |
Net rental income | $0 |
Net gain from sales of assets other than inventory | $0 |
Net income from fundraising events | $0 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous Revenue | $1,096 |
Statement of Functional Expenses (for 2010) | |
Total functional expenses | $135,783 |
Compensation of current officers, directors, trustees, and key employees | $0 |
Other salaries and wages | $35,000 |
Payroll taxes | $4,548 |
Professional fundraising services | $0 |
Other | $96,235 |
Balance Sheet (for 2010) | |
Total assets | $692,271 |
Total liabilities | $738,470 |
Tax-exempt bond liabilities | $0 |
Secured mortgages and notes payable to unrelated third parties | $733,690 |
Unsecured notes and loans payable to unrelated third parties | $0 |
Other | $4,780 |
Total net assets or fund balances | $-46,199 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Reason for Public Charity Status (for 2010) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010) | |
2006 - 2010 Total | |
---|---|
Total Support | $593,012 |
Gifts, grants, contributions, and membership fees received | $265,928 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $327,084 |
Gross receipts from related activities, etc. | $58,556 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
3 | Project Homecoming Inc | 3700 Gentilly Blvd, New Orleans, LA 70122-6128 | LA | 2011-08 | $4,677,298 |
4 | Associated Neighborhood Development Inc | 1429 S Rampart St, New Orleans, LA 70113-1245 | LA | 2012-03 | $836,194 |
5 | Crescent City Clt Inc | 300 N Broad St Ste 208, New Orleans, LA 70119-5578 | LA | 2012-07 | $776,510 |
6 | Will Wood Viii, Belle Pointe Belle Terre Apts | 3330 North Causeway Blvd, Metairie, LA 70002-3573 | LA | 1996-10 | $748,030 |
7 | Will Woods Vii | 3330 North Causeway Boulevard, Metairie, LA 70002-3573 | LA | 1996-06 | $690,974 |
8 | Zion Hill Subdivision Ii Inc | 4226 Veterans Memorial Drive, Abbeville, LA 70510 | LA | 2007-06 | $418,736 |
9 | Zydeco Community Housing Development Organization | 1006 Surrey St, Lafayette, LA 70501-6143 | LA | 1997-02 | $412,152 |
10 | Tulane-Canal Neighborhood Development Corporation | 1802 Tulane Ave, New Orleans, LA 70112-2246 | LA | 2001-05 | $387,668 |
11 | Frances Special Services | Po Box 1430, Amite, LA 70422 | LA | 2005-09 | $326,645 |
12 | Southern Mutual Financial Services Inc | 3602 Old Jeanerette Rd, New Iberia, LA 70563-3131 | LA | 2000-06 | $259,385 |
13 | Woodys Home Inc | 442 Jordan St, Shreveport, LA 71101-4849 | LA | 2004-08 | $244,771 |
14 | Northwest La Community Development | PO BOX 37314, Shreveport, LA 71133 | LA | 2002-09 | $209,671 |
15 | Ujamma Community Development Corp | 1910 Ursuline Avenue, New Orleans, LA 70116 | LA | 1996-01 | $183,897 |
16 | Cest Tres Bon Inc | 19362 West Shelton Road, Hammnod, LA 70401 | LA | 2011-09 | $82,163 |
17 | Virginia Place Apartments Inc | PO BOX 1310, Ruston, LA 71273-1310 | LA | 2004-05 | $66,714 |
18 | Second Baptist Community Development Corporation | 914 N Acadian Thruway W, Baton Rouge, LA 70802-2234 | LA | 2006-09 | $60,816 |
19 | Evangeline Pointe Apartments Inc | 415 Guilbeau Rd, Lafayette, LA 70506 | LA | 2010-02 | $48,979 |
20 | Louisiana Freedman Economic Development Corporation | 2538 Jackson Ave, New Orleans, LA 70113-2408 | LA | 2012-08 | $41,585 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 5,080 |
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