Totals
- Total revenue
- $2,118,098
- Total expenses
- $1,469,170
- Contributions and grants received
- $2,067,082
- Grants paid
- $0
- Program service revenue
- $526,272
- Investment income
- -$457,440
- Other revenue
- -$17,816
- Total assets, end of year
- $11,304,324
- Total liabilities, end of year
- $7,958,031
- Net assets or fund balances, end of year
- $3,346,293
- Program services expenses (Part IX)
- $1,116,620
- Management and general expenses
- $192,934
- Fundraising expenses
- $159,616
- Program service expenses (Part III)
- $1,116,620
Program services were 76.0% 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.
-
1c · Fundraising events
$21,185
-
1e · Government grants (contributions)
$821,181
-
1f · All other contributions, gifts and grants
$1,224,716
-
2a · Program service revenue: MORTGAGE FORGIVENESS
total $430,740 · related or exempt $430,740
-
2b · Program service revenue: SERVICE AGREEMENT
total $30,532 · related or exempt $30,532
-
2c · Program service revenue: DEVELOPER FEE INCOME
total $65,000 · related or exempt $65,000
-
3 · Investment income
total $28,521 · excluded $28,521
-
7a · Gross sales of assets other than inventory
other assets $1,670,844
-
7b · Less cost or other basis and sales expenses
other assets $2,156,805
-
7c · Gain or loss
other assets -$485,961
-
7d · Net gain or loss
total -$485,961 · related or exempt -$485,961
-
8a · Fundraising events: gross income
$11,881
-
8a · Fundraising events: contributions included on line 1c
$21,185
-
8b · Fundraising events: direct expenses
$15,863
-
8c · Net income from fundraising events
total -$3,982 · excluded -$3,982
-
11a · Other revenue: OTHER REVENUE
total $2,644 · related or exempt $2,644
-
11b · Other revenue: 1800 ONZAGA LLC K-1
total -$16,470 · related or exempt -$16,470
-
11c · Other revenue: GENTILLY APARTMENTS K-1
total -$8 · related or exempt -$8
-
11e · Other revenue, total
-$13,834
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $166,466 · program services $83,233 · management and general $33,293 · fundraising $49,940
-
7 · Other salaries and wages
total $451,679 · program services $407,036 · management and general $37,700 · fundraising $6,943
-
8 · Pension plan contributions
total $10,551 · program services $9,507 · management and general $881 · fundraising $163
-
9 · Other employee benefits
total $57,485 · program services $51,980 · management and general $4,483 · fundraising $1,022
-
10 · Payroll taxes
total $45,212 · program services $36,466 · management and general $5,016 · fundraising $3,730
-
11b · Fees: legal
total $10,500 · management and general $10,500
-
11c · Fees: accounting
total $29,337 · management and general $29,337
-
11e · Fees: professional fundraising services
total $59,350 · fundraising $59,350
-
11g · Fees: other
total $165,981 · program services $164,115 · management and general $1,687 · fundraising $179
-
12 · Advertising and promotion
total $17,480 · program services $14,933 · management and general $2,547
-
13 · Office expenses
total $17,214 · program services $11,924 · management and general $5,290
-
16 · Occupancy
total $36,873 · program services $27,682 · management and general $9,191
-
17 · Travel
total $14,869 · program services $11,152 · management and general $3,717
-
20 · Interest
total $87,597 · program services $87,597
-
22 · Depreciation, depletion and amortization
total $6,117 · management and general $6,117
-
23 · Insurance
total $23,219 · program services $14,668 · management and general $8,124 · fundraising $427
-
24a · Other expenses: BAD DEBT EXPENSE
total $142,063 · program services $142,063
-
24b · Other expenses: STEWARDSHIP & FINANCIAL FITN
total $44,272 · program services $44,272
-
24c · Other expenses: INDIRECT FUNDRAISING EXPENSE
total $37,600 · fundraising $37,600
-
24d · Other expenses: BANK FEES
total $32,555 · program services $42 · management and general $32,513
-
24e · All other expenses
total $12,750 · program services $9,950 · management and general $2,538 · fundraising $262
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $84,489 · end of year $31,333
-
2 · Savings and temporary cash investments
beginning of year $247,466 · end of year $1,721,375
-
3 · Pledges and grants receivable
beginning of year $466,873 · end of year $20,511
-
5 · Loans and receivables from officers and key people
end of year $118,046
-
7 · Other notes and loans receivable
beginning of year $1,346,229 · end of year $5,360,059
-
8 · Inventories for sale or use
beginning of year $2,784,413 · end of year $2,990,289
-
9 · Prepaid expenses and deferred charges
end of year $2,236
-
10a · Land, buildings and equipment: cost or other basis
$394,254
-
10b · Land, buildings and equipment: accumulated depreciation
$44,350
-
10c · Land, buildings and equipment, net
beginning of year $142,267 · end of year $349,904
-
13 · Investments: program-related
beginning of year $158,781 · end of year $167,657
-
14 · Intangible assets
end of year $119,173
-
15 · Other assets
beginning of year $762,084 · end of year $423,741
-
17 · Accounts payable and accrued expenses
beginning of year $151,674 · end of year $125,669
-
19 · Deferred revenue
beginning of year $82,467 · end of year $150,000
-
23 · Secured mortgages and notes payable
beginning of year $3,077,574 · end of year $7,520,067
-
25 · Other liabilities
end of year $162,295
-
27 · Net assets without donor restrictions
beginning of year $2,073,339 · end of year $1,884,713
-
28 · Net assets with donor restrictions
beginning of year $607,548 · end of year $1,461,580
Mission and programs · 2024
Mission
PEOPLES HOUSING+ INC IS AN NONPROFIT AFFORDABLE HOUSING DEVELOPER AND COMMUNITY REVITALIZATION ORGANIZATION SERVING NEW ORLEANS. THE ORGANIZATION CREATES NEIGHBORHOODS OF OPPORTUNITY THROUGH THE REDEVELOPMENT OF VACANT AND ABANDONED PROPERTIES AS SELF-HELP HOUSING AND ADVANCES
-
PEOPLES HOUSING+ WAS CREATED TO ADDRESS NEW ORLEANS WIDENING RACIAL WEALTH GAP AND THE CRISIS OF AFFORDABLE HOUSING AND INEQUITABLE ECONOMIC OPPORTUNITY THAT PREVENTS AN INCREASING NUMBER OF BLACK FAMILIES FROM LIVING IN AFFORDABLE AND SAFE HOUSING, MEETING THEIR BASIC NEEDS, AND BUILDING GENERATIONAL WEALTH. PH+ WAS ESTABLISHED IN 2022 TO PROVIDE GREATER SCALE AND IMPACT WITH AN UNABASHED FOCUS ON ADVANCING RACIAL EQUITY IN COMMUNITY DEVELOPMENT THROUGH THE STRATEGIC MERGER OF THREE NEW ORLEANS-BASED COMMUNITY DEVELOPMENT ORGANIZATIONS: THE CRESCENT CITY COMMUNITY LAND TRUST, HOME BY HAND, AND TULANE CANAL NEIGHBORHOOD DEVELOPMENT CORPORATION.
Expenses $1,072,348 · Revenue $26,477
-
STEWARDSHIP AND FINANCIAL FITNESS PROGRAMS PROVIDE LOW TO MODERATE-INCOME RESIDENTS WITH A WIDE RANGE OF SUPPORTIVE SERVICES DESIGNED TO HELP THEM IMPROVE FINANCIAL STABILITY, GROW GENERATIONAL WEALTH, AND INCREASE OVERALL WELL-BEING LONG AFTER HOME PURCHASE. THESE SERVICES ARE DESIGNED TO ENSURE FAMILIES CAN MANTAIN AND REMAIN IN THEIR HOMES AND CONTINUE TO USE IT AS A FOUNDATION TO BUILD GENERATIONAL WEALTH. PEOPLES HOUSING+ INC DELIVERS THREE DISTINCT FINANCIAL LITERACY COURSES TO PROMOTE FINANCIAL STABILITY, HOMEBUYING, AND BUILDING GENERATIONAL WEALTH INCLUDING, (1) A GENERAL FINANCIAL LITERACY COURSE THAT HELPS PARTICIPANTS LEARN THE BASICS OF CREDIT USAGE AND BUDGETING, (2) A PRE-HOME PURCHASE FINANCIAL LITERACY COURSE THAT ENSURES PARTICIPANTS ARE PREPARED TO PURCHASE A HOME, AND (3) POST-HOME PURCHASE SERVICES THAT PROVIDE EACH FAMILY WITH INDIVIDUAL FINANCIAL PLANNING SERVICES TO HELP THEM USE THEIR HOME TO BUILD GENERATIONAL WEALTH. WHILE THE FINANCIAL LITERACY PROGRAM IS AVAILABLE TO THE PUBLIC, THE VAST MAJORITY OF PARTICIPANTS ARE PROSPECTIVE OR CURRENT RESIDENTS OF HOMES DEVELOPED BY PEOPLES HOUSING+. THE ORGANIZATION ORGANIZES AN ANNUAL HOUSING SUMMIT AS WELL AS QUARTERLY STEWARDSHIP EVENTS FOR INDIVIDUALS TO PARTICIPATE IN VARIOUS FINANCIAL FITNESS AND STEWARDSHIP CLASSES. IN 2024, THE ORGANIZATION PRESENTED 21 WORKSHOPS PROVIDING FINANCIAL LITERACY TO OVER 700 FAMILIES.
Expenses $44,272
As filed on the 2024 return.
Listed in Part VII
-
Oji AlexanderOJI ALEXANDER
CEO
- Total calculated
- $166,466
- From this org
- $139,430
- From related orgs
- $0
- Other
- $27,036
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,430
- Bonus
- not reported
- Other
- not reported
- Deferred
- $1,346
- Nontaxable benefits
- $25,690
- Filer's total
- $166,466
-
Colin FelsmanCOLIN FELSMAN
DIRECTOR OF HOUSING DEVELOPMENT
- Total calculated
- $118,631
- From this org
- $99,979
- From related orgs
- $0
- Other
- $18,652
- Hours/week
- 40
-
Erica TorielloERICA TORIELLO
DIRECTOR OF HOMEBUYER SERVICES
- Total calculated
- $116,015
- From this org
- $103,033
- From related orgs
- $0
- Other
- $12,982
- Hours/week
- 40
-
Dee GreenDEE GREEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alyson ShreveALYSON SHREVE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dahlia El-ShafeiDAHLIA EL-SHAFEI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Julie McCraryJULIE MCCRARY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jasmine Monique LewisJASMINE MONIQUE LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Caroline MinorCAROLINE MINOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nashawn JohnsonNASHAWN JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Julie VaucressonJULIE VAUCRESSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kahlida LloydKAHLIDA LLOYD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dasjon JordanDASJON JORDAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ryan AlbrightRYAN ALBRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Julius Kimbrough JrJULIUS KIMBROUGH JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kelsy YeargainKELSY YEARGAIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Antonio CarboneANTONIO CARBONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew FritzshallANDREW FRITZSHALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert RobinsonROBERT ROBINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nia DavisNIA DAVIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Maisha MenaMAISHA MENA
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Cliff KenwoodCLIFF KENWOOD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Keely ByrneKEELY BYRNE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
FIREHOUSE LEVERAGE LENDER LLC
AFFORDABLE HOUSING · LA · income $10,203 · assets $4,049,163
Directly controlled by PEOPLES HOUSING INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PH FIREHOUSE LLC
RELATED · LOW-INCOME HOUSING · LA · 75% owned · share of assets $4,930,426 · general or managing partner
Directly controlled by PH MANAGER LLC
-
FIREHOUSE PARENT LLC
RELATED · LEASING COMPANY · LA · 1% owned · share of income $18 · share of assets $25,350 · general or managing partner
Directly controlled by PH MANAGER LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PH MANAGER LLC
C Corp · MANAGEMENT COMPANY · LA · 100% owned · share of assets $9,353 · controlled entity
Directly controlled by PEOPLES HOUSING INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349313737
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