Nochi Real Estate Inc
EIN: 822982419 · New Orleans, LA · NTEE: S47
| Metric | Value |
|---|---|
| Total Revenue | $18.3M |
| Total Expenses | $2.2M |
| Net Assets | $41K |
Is Nochi Real Estate Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nochi Real Estate Inc
Nochi Real Estate Inc (EIN: 822982419) is a nonprofit organization based in New Orleans, LA, classified under NTEE code S47. The organization reported total revenue of $18.3M and total assets of $17.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nochi Real Estate Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nochi Real Estate Inc is a large nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-855,602 |
| Total Assets | $19.1M |
| Total Liabilities | $19.1M |
| Net Assets | $41K |
| Operating Margin | -64.4% |
| Debt-to-Asset Ratio | 99.8% |
| Months of Reserves | 105.1 months |
Financial Health Grade: C
In 2022, Nochi Real Estate Inc reported a deficit of $856K with expenses exceeding revenue, holds 105.1 months of operating reserves (strong position), has a debt-to-asset ratio of 99.8% (high leverage).
Financial Trends
Over 3 years of filings (2020–2022), Nochi Real Estate Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +2.0% | +1.1% | -4.0% |
| 2021 | +2.0% | +20.8% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nochi Real Estate Inc 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 Nochi Real Estate Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $856K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.8%.
Frequently Asked Questions about Nochi Real Estate Inc
Is Nochi Real Estate Inc a legitimate charity?
Nochi Real Estate Inc (EIN: 822982419) is a registered tax-exempt nonprofit based in Louisiana. It has 3 years of IRS 990 filings on record. Total revenue: $18.3M. No red flags identified. Financial health grade: C.
How does Nochi Real Estate Inc spend its money?
Nochi Real Estate Inc reported $18.3M in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nochi Real Estate Inc tax-deductible?
Nochi Real Estate Inc is registered as a tax-exempt nonprofit (EIN: 822982419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nochi Real Estate Inc located?
Nochi Real Estate Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 822982419. It is classified under NTEE code S47.
How many years of IRS 990 filings does Nochi Real Estate Inc have?
Nochi Real Estate Inc 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 $18.3M in total revenue.
Filing History
IRS 990 filing history for Nochi Real Estate Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Nochi Real Estate Inc's revenue has grown by 4%, moving from $1.3M to $1.3M. Total assets decreased by 7.7% over the same period, from $20.7M to $19.1M. Total functional expenses rose by 22.2%, from $1.8M to $2.2M. In its most recent filing year (2022), Nochi Real Estate Inc reported a deficit of $856K, with expenses exceeding revenue. The organization holds $19.1M in liabilities against $19.1M in assets (debt-to-asset ratio: 99.8%), resulting in net assets of $41K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.3M | $2.2M | $19.1M | $19.1M | — | View 990 |
| 2021 | $1.3M | $2.2M | $19.9M | $19.0M | — | View 990 |
| 2020 | $1.3M | $1.8M | $20.7M | $19.0M | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $1.3M, expenses of $2.2M, and assets of $19.1M (revenue +2.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $2.2M, and assets of $19.9M (revenue +2.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.8M, and assets of $20.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nochi Real Estate Inc:
Data Sources and Methodology
This transparency report for Nochi Real Estate Inc 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.