Louisiana Real Estate Foundation
Louisiana Real Estate Foundation faces consistent operating deficits, eroding assets by over $5 million in a decade.
EIN: 203951303 · Lafayette, LA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $780K |
| Program Spending | 70% |
| Net Assets | $19.3M |
| Transparency Score | 55/100 |
Is Louisiana Real Estate Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louisiana Real Estate Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Louisiana Real Estate Foundation
Louisiana Real Estate Foundation (EIN: 203951303) is a nonprofit organization based in Lafayette, LA, classified under NTEE code T20. The organization reported total revenue of $253K and total assets of $20.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisiana Real Estate Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisiana Real Estate Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $288K |
| Total Expenses | $780K |
| Surplus / Deficit | $-491,964 |
| Total Assets | $21.3M |
| Total Liabilities | $2.0M |
| Net Assets | $19.3M |
| Operating Margin | -170.8% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 327.2 months |
Financial Health Grade: B
In 2023, Louisiana Real Estate Foundation reported a deficit of $492K with expenses exceeding revenue, holds 327.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Louisiana Real Estate Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.5% | -1.8% | -3.3% |
| 2022 | +2.6% | -0.9% | -3.0% |
| 2021 | -1.4% | -1.3% | -2.9% |
| 2020 | -55.4% | -0.6% | -2.9% |
| 2019 | +100.1% | -8.5% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Louisiana Real Estate Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Louisiana Real Estate Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $492K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a positive sign for minimizing executive overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Louisiana Real Estate Foundation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $491,964 deficit in 2023).
- Steady decline in total assets over the past decade (from $26.7M in 2014 to $21.2M in 2023).
- Revenue has significantly decreased over time (from $878,244 in 2014 to $288,093 in 2023).
- High expense levels relative to revenue, indicating an unsustainable financial model.
Strengths
The following positive indicators were identified for Louisiana Real Estate Foundation:
- No reported officer compensation, indicating efficient executive overhead.
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
- Maintains a substantial asset base (over $20 million), providing a financial cushion despite operating losses.
Frequently Asked Questions about Louisiana Real Estate Foundation
Is Louisiana Real Estate Foundation a legitimate charity?
Louisiana Real Estate Foundation (EIN: 203951303) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $253K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Louisiana Real Estate Foundation spend its money?
Louisiana Real Estate Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Louisiana Real Estate Foundation tax-deductible?
Louisiana Real Estate Foundation is registered as a tax-exempt nonprofit (EIN: 203951303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Louisiana Real Estate Foundation's spending goes to programs?
Louisiana Real Estate Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Louisiana Real Estate Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Louisiana Real Estate Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Louisiana Real Estate Foundation located?
Louisiana Real Estate Foundation is headquartered in Lafayette, Louisiana and files with the IRS under EIN 203951303. It is classified under NTEE code T20.
How many years of IRS 990 filings does Louisiana Real Estate Foundation have?
Louisiana Real Estate Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $253K in total revenue.
What are the specific program activities and their associated costs that lead to such high expenses relative to revenue?
The provided data indicates consistent high expenses (e.g., $780,057 in 2023) but does not detail the nature of these expenses, making it difficult to ascertain the specific program activities driving them.
How does the organization plan to address the persistent operating deficits and declining asset base?
The filings show a continuous trend of expenses exceeding revenue, leading to a reduction in assets from $26.7 million in 2014 to $21.2 million in 2023. The filings do not provide a strategic plan for addressing these deficits.
What is the source of the organization's revenue, and why has it been declining in recent years?
Revenue has fluctuated but generally declined, from $878,244 in 2014 to $288,093 in 2023. The specific sources of revenue are not detailed in the provided summary, making it hard to pinpoint reasons for the decline.
What is the purpose and utilization of the substantial asset base, given the operating losses?
The organization holds over $20 million in assets, yet consistently operates at a loss. The filings do not specify how these assets are invested or if they are being drawn upon to cover operational shortfalls.
Filing History
IRS 990 filing history for Louisiana Real Estate Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Louisiana Real Estate Foundation's revenue has grown by 26%, moving from $229K to $288K. Total functional expenses rose by 241.1%, from $229K to $780K. In its most recent filing year (2023), Louisiana Real Estate Foundation reported a deficit of $492K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $21.3M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $19.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $288K | $780K | $21.3M | $2.0M | — | — |
| 2022 | $329K | $794K | $22.0M | $2.2M | — | View 990 |
| 2021 | $321K | $801K | $22.7M | $2.4M | — | View 990 |
| 2020 | $326K | $811K | $23.4M | $2.6M | — | View 990 |
| 2019 | $730K | $816K | $24.0M | $2.8M | — | View 990 |
| 2018 | $365K | $892K | $24.7M | $3.4M | — | View 990 |
| 2017 | $456K | $853K | $25.4M | $3.6M | — | View 990 |
| 2016 | $478K | $825K | $26.0M | $3.7M | — | View 990 |
| 2015 | $759K | $827K | $26.5M | $3.9M | — | View 990 |
| 2014 | $878K | $809K | $26.7M | $4.1M | — | View 990 |
| 2013 | $1.7M | $974K | $26.8M | $4.2M | — | View 990 |
| 2012 | $0 | $0 | $27.2M | $5.3M | — | View 990 |
| 2011 | $229K | $229K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $288K, expenses of $780K, and assets of $21.3M (revenue -12.5% year-over-year).
- 2022: Revenue of $329K, expenses of $794K, and assets of $22.0M (revenue +2.6% year-over-year).
- 2021: Revenue of $321K, expenses of $801K, and assets of $22.7M (revenue -1.4% year-over-year).
- 2020: Revenue of $326K, expenses of $811K, and assets of $23.4M (revenue -55.4% year-over-year).
- 2019: Revenue of $730K, expenses of $816K, and assets of $24.0M (revenue +100.1% year-over-year).
- 2018: Revenue of $365K, expenses of $892K, and assets of $24.7M (revenue -20.0% year-over-year).
- 2017: Revenue of $456K, expenses of $853K, and assets of $25.4M (revenue -4.6% year-over-year).
- 2016: Revenue of $478K, expenses of $825K, and assets of $26.0M (revenue -37.0% year-over-year).
- 2015: Revenue of $759K, expenses of $827K, and assets of $26.5M (revenue -13.6% year-over-year).
- 2014: Revenue of $878K, expenses of $809K, and assets of $26.7M (revenue -48.1% year-over-year).
- 2013: Revenue of $1.7M, expenses of $974K, and assets of $26.8M.
- 2012: Revenue of $0, expenses of $0, and assets of $27.2M (revenue -100.0% year-over-year).
- 2011: Revenue of $229K, expenses of $229K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisiana Real Estate Foundation:
Data Sources and Methodology
This transparency report for Louisiana Real Estate Foundation 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.