Crescent City Housing Development
EIN: 843889003 · New Orleans, LA · NTEE: P42
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $28K |
| Net Assets | $77K |
Is Crescent City Housing Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Crescent City Housing Development
Crescent City Housing Development (EIN: 843889003) is a nonprofit organization based in New Orleans, LA, classified under NTEE code P42. The organization reported total revenue of $37K and total assets of $240K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crescent City Housing Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crescent City Housing Development is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -37.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $28K |
| Surplus / Deficit | +$4K |
| Total Assets | $251K |
| Total Liabilities | $174K |
| Net Assets | $77K |
| Operating Margin | 12.6% |
| Debt-to-Asset Ratio | 69.2% |
| Months of Reserves | 107.2 months |
Financial Health Grade: A
In 2023, Crescent City Housing Development reported a surplus of $4K with revenue exceeding expenses, holds 107.2 months of operating reserves (strong position), has a debt-to-asset ratio of 69.2% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Crescent City Housing Development's revenue has declined at a compound annual growth rate (CAGR) of -37.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.1% | -33.6% | -3.9% |
| 2022 | -58.5% | +3441.2% | +134.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Crescent City Housing Development has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Crescent City Housing Development with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.2%.
Frequently Asked Questions about Crescent City Housing Development
Is Crescent City Housing Development a legitimate charity?
Crescent City Housing Development (EIN: 843889003) is a registered tax-exempt nonprofit based in Louisiana. It has 3 years of IRS 990 filings on record. Total revenue: $37K. No red flags identified. Financial health grade: A.
How does Crescent City Housing Development spend its money?
Crescent City Housing Development reported $37K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Crescent City Housing Development tax-deductible?
Crescent City Housing Development is registered as a tax-exempt nonprofit (EIN: 843889003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Crescent City Housing Development located?
Crescent City Housing Development is headquartered in New Orleans, Louisiana and files with the IRS under EIN 843889003. It is classified under NTEE code P42.
How many years of IRS 990 filings does Crescent City Housing Development have?
Crescent City Housing Development has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $37K in total revenue.
Filing History
IRS 990 filing history for Crescent City Housing Development showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Crescent City Housing Development's revenue has declined by 61%, moving from $83K to $32K. Total assets increased by 125.5% over the same period, from $111K to $251K. Total functional expenses rose by 2252%, from $1K to $28K. In its most recent filing year (2023), Crescent City Housing Development reported a surplus of $4K, with revenue exceeding expenses. The organization holds $174K in liabilities against $251K in assets (debt-to-asset ratio: 69.2%), resulting in net assets of $77K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $28K | $251K | $174K | — | — |
| 2022 | $34K | $42K | $261K | $188K | — | View 990 |
| 2021 | $83K | $1K | $111K | $30K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $28K, and assets of $251K (revenue -6.1% year-over-year).
- 2022: Revenue of $34K, expenses of $42K, and assets of $261K (revenue -58.5% year-over-year).
- 2021: Revenue of $83K, expenses of $1K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crescent City Housing Development:
Data Sources and Methodology
This transparency report for Crescent City Housing Development is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.