Skip to content
Nonprofiteer
← 2222 TULANE APARTMENTS LLC

Form 990 for tax year 2024

Filed by 2222 TULANE APARTMENTS LLC.

Totals

Total revenue
$1,200,967
Total expenses
$1,271,767
Contributions and grants received
$68,392
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,132,575
Total assets, end of year
$12,018,088
Total liabilities, end of year
$9,715,035
Net assets or fund balances, end of year
$2,303,053
Program services expenses (Part IX)
$879,809
Management and general expenses
$391,958
Fundraising expenses
$0
Program service expenses (Part III)
$879,809

Program services were 69.2% 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

    $68,392

  • 6a · Gross rents

    real property $786,325

  • 6b · Less rental expenses

    real property $80,417

  • 6c · Rental income or loss

    real property $705,908

  • 6d · Net rental income or loss

    total $705,908 · related or exempt $705,908

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $426,667 · related or exempt $426,667

  • 11e · Other revenue, total

    $426,667

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $19,095 · management and general $19,095

  • 11g · Fees: other

    total $67,392 · program services $50,544 · management and general $16,848

  • 13 · Office expenses

    total $14,273 · program services $10,705 · management and general $3,568

  • 20 · Interest

    total $18,599 · management and general $18,599

  • 22 · Depreciation, depletion and amortization

    total $373,874 · program services $280,405 · management and general $93,469

  • 24a · Other expenses: PROPERTY OPERATION AND

    total $597,829 · program services $448,372 · management and general $149,457

  • 24b · Other expenses: PROPERTY INSURANCE AND

    total $175,280 · program services $89,783 · management and general $85,497

  • 24c · Other expenses: FRINGE BENEFITS AND PAY

    total $5,425 · management and general $5,425

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,520 · end of year $58,204

  • 4 · Accounts receivable

    beginning of year $18,605 · end of year $20,203

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,220 · end of year $45,235

  • 10a · Land, buildings and equipment: cost or other basis

    $16,365,220

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,491,659

  • 10c · Land, buildings and equipment, net

    beginning of year $11,247,435 · end of year $10,873,561

  • 15 · Other assets

    beginning of year $1,093,928 · end of year $1,020,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,912 · end of year $74,920

  • 19 · Deferred revenue

    beginning of year $20,630 · end of year $30,739

  • 23 · Secured mortgages and notes payable

    beginning of year $9,892,351 · end of year $9,470,391

  • 25 · Other liabilities

    beginning of year $139,962 · end of year $138,985

  • 27 · Net assets without donor restrictions

    beginning of year $2,373,853 · end of year $2,303,053

Mission and programs · 2024

Mission

AS A RELATED ENTITY OF UNITY OF GREATER NEW ORLEANS, 2222 TULANE AVENUE APARTMENTS NONPROFIT HAS A MISSION TO REDUCE, PREVENT AND END HOMELESSNESS.

Activities or mission (Part I)

THE 2222 TULANE ORGANIZATION HAS A MISSION TO REDUCE, PREVENT AND END HOMELESSNESS.

  • 2222 TULANE (THE ROSA F. KELLR BUILDING/RFK) PROVIDES AFFORDABLE HOUSING WITH CASE MANAGEMENT AND OTHER SUPPORTIVE SERVICES FOR ALL PSH TENANTS AND SUPPORTIVE SERVICES FOR ALL NON-PSH TENANTS ARE CONDUCTED ON-SITE AT THE PROPERTY LOCATION. ALL UNITS AT RFK ARE RESERVED FOR TENANTS WHO HAVE INCOMES AT OR BELOW 50 PERCENT OF THE AREA MEDIAN INCOME, AMI, AS ESTABLISHED BY HUD. THEREFORE, THE ENTIRE COMPLEX MEETS THE DEFINITION OF LOW-INCOME ACTIVITIES 100% OF THE TIME FOR THE SOLE OPERATING PURPOSE TO PROVIDE STABLE RENTAL HOUSING TO INDIVIDUALS AND FAMILIES WHO ARE FORMERLY HOMELESS AND AT RISK OF BECOMING HOMELESS.

    Expenses $879,809

As filed on the 2024 return.

Listed in Part VII

  • Martha J Kegel

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Angela Patterson

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Frances Misenheimer

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.2
Source object
202522839349301142

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.