Form 990 for tax year 2024
Filed by PROVIDENCE HOUSING CORPORATION.
Totals
- Total revenue
- $3,668,798
- Total expenses
- $3,642,884
- Contributions and grants received
- $400
- Grants paid
- $500,000
- Program service revenue
- $3,659,640
- Investment income
- $8,758
- Other revenue
- $0
- Total assets, end of year
- $29,711,506
- Total liabilities, end of year
- $30,986,917
- Net assets or fund balances, end of year
- -$1,275,411
- Program services expenses (Part IX)
- $3,631,434
- Management and general expenses
- $11,450
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,631,434
Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$400
-
2a · Program service revenue: SEMINARY HOUSING
total $3,659,640 · related or exempt $3,659,640
-
3 · Investment income
total $8,758 · excluded $8,758
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $500,000 · program services $500,000
-
11c · Fees: accounting
total $11,450 · management and general $11,450
-
20 · Interest
total $1,927,639 · program services $1,927,639
-
22 · Depreciation, depletion and amortization
total $828,795 · program services $828,795
-
24a · Other expenses: MAINTENANCE
total $375,000 · program services $375,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $171,322 · end of year $165,820
-
10a · Land, buildings and equipment: cost or other basis
$44,899,041
-
10b · Land, buildings and equipment: accumulated depreciation
$15,406,122
-
10c · Land, buildings and equipment, net
beginning of year $30,321,714 · end of year $29,492,919
-
11 · Investments: publicly traded securities
beginning of year $183,841 · end of year $52,767
-
17 · Accounts payable and accrued expenses
beginning of year $1,394,694 · end of year $1,707,917
-
25 · Other liabilities
beginning of year $30,604,785 · end of year $29,279,000
-
27 · Net assets without donor restrictions
beginning of year -$1,419,453 · end of year -$1,372,757
-
28 · Net assets with donor restrictions
beginning of year $96,851 · end of year $97,346
Mission and programs · 2024
Mission
TO PROVIDE HOUSING FOR SEMINARY STUDENTS AT NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY.
-
PROVIDES HOUSING FOR 2,260 SEMINARY STUDENTS AND STAFF AT NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY.
Expenses $3,631,434 · Grants $500,000 · Revenue $3,659,640
As filed on the 2024 return.
Listed in Part VII
-
John GreenbankJOHN GREENBANK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Phil HanberryPHIL HANBERRY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Clay CorvinCLAY CORVIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Brett AllenBRETT ALLEN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Karen BobeKAREN BOBE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Rev Donald CurrenceREV DONALD CURRENCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jim DavisonJIM DAVISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Jamie DewDR JAMIE DEW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Mack GrubbsMACK GRUBBS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Johnny JerniganJOHNNY JERNIGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Larry LyonDR LARRY LYON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Larry MarquezLARRY MARQUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dudley MayDUDLEY MAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Errol WilkenERROL WILKEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
RENOVATIONS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY
501(C)(3) · SEMINARY · LA
-
NEW ORLEANS BAPTIST SEMINARY FOUNDATION
501(C)(3) · SEMINARY FOUNDATION · LA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 25 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513499349301016
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