Overview
What is 1770 Tchoupitoulas Inc?
1770 Tchoupitoulas Inc is a nonprofit organization situated in New Orleans, Louisiana, specifically at 4152 Canal Street. Their primary mission is to offer housing-related services to individuals and families with low to moderate incomes, who are in need of affordable housing options. This mission is achieved through the ownership, operation, and development of properties, such as the one at 1770 Tchoupitoulas, on a nonprofit basis. Previously, they utilized New Market Tax Credits and Historic Tax Credits to rehabilitate an unused historical property, creating 52 affordable housing units for mixed-income tenants. The associated tax credit periods have since expired, and the property is now managed by the Renaissance Neighborhood Development Corporation (RNDC). The organization continues to be active in acquiring, owning, developing, and managing affordable housing projects.
Is 1770 Tchoupitoulas Inc legitimate?
1770 Tchoupitoulas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1770 Tchoupitoulas Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of 1770 Tchoupitoulas Inc?
The mission of the organization, referred to as 1770 Tchoupitoulas Inc, is focused on providing housing-related services to individuals with low and moderate income. This encompasses the ownership, operation, and development of affordable housing options on a nonprofit basis. The organization's primary goal is to assist those in need of affordable housing, ensuring they have access to decent living spaces. Over the years, they have rehabilitated historical properties, like the one mentioned, to provide rental options in the greater New Orleans area. Utilizing resources such as New Market Tax Credits and Historic Tax Credits, they have successfully created affordable housing units for mixed-income tenants. Post the expiration of the associated compliance periods, the property is now managed by the Renaissance Neighborhood Development Corporation (RNDC). The organization continues to acquire, manage, and operate affordable housing projects, providing a vital service to its community.
Who is the CEO of 1770 Tchoupitoulas Inc?
Vanessa Levine is the President/Ceo of 1770 Tchoupitoulas Inc. The CEO's salary of 1770 Tchoupitoulas Inc is $0 and their total compensation is $358,472.
What is the revenue of 1770 Tchoupitoulas Inc?
1770 Tchoupitoulas Inc's revenue in 2023 was $1,276,284.
Who are the executives of 1770 Tchoupitoulas Inc and what are their salaries?
Here are 3 key members and their salaries (1770 Tchoupitoulas Inc's CEO's salary is $0 and their total compensation is $358,472):
- Compensation: $0
- Related: $268,836
- Other: $89,636
- Compensation: $0
- Related: $173,543
- Other: $34,498
- Compensation: $0
- Related: $129,346
- Other: $33,133
Where can I find the form 990 for 1770 Tchoupitoulas Inc?
1770 Tchoupitoulas Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 1770 Tchoupitoulas Inc
1770 Tchoupitoulas Inc, a nonprofit organization, is committed to providing affordable housing solutions to individuals with low and moderate incomes. Their mission is twofold: firstly, they oversee and manage properties that offer housing options, and secondly, they provide related services on a nonprofit basis. This organization has a history of rehabilitating unused historical properties, transforming them into rental options suitable for families in the Greater New Orleans area.
In the past, they utilized New Market Tax Credits in conjunction with state and federal historic tax credits to develop a project featuring 52 units. These units cater to a mixed-income tenant demographic, providing them with decent and affordable housing. The organization's initial project, now run by the Renaissance Neighborhood Development Corporation (RNDC), has been successful in meeting the housing needs of its targeted population.
Today, 1770 Tchoupitoulas Inc continues its mission by acquiring, owning, developing, holding, selling, leasing, transferring, exchanging, operating, and managing additional affordable housing projects. Their goal is to ensure that individuals and families in need of affordable housing options can find suitable living spaces while maintaining their dignity and financial stability.
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Impact
July, 2024
1770 Tchoupitoulas Inc's impact can be seen through its successful rehabilitation of a previously unused historical property into affordable rental options for low- and moderate-income families in the Greater New Orleans area. By utilizing various tax credits and partnering with the Renaissance Neighborhood Development Corporation (RNDC), the organization has been able to provide a total of 52 units that serve as a wonderful home for mixed-income tenants.
Through its ongoing efforts to acquire, own, develop, and manage affordable housing projects, 1770 Tchoupitoulas Inc continues to make a positive contribution to the community by addressing the housing needs of those in need of affordable housing options. Its mission-focused approach ensures that individuals and families have access to decent housing that is within their means, ultimately fostering a more inclusive and resilient community.
This information is meant to be a general summary of 1770 Tchoupitoulas Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $115
- Program Service Revenue: $1,255,785
- Gross Receipts: $1,276,284
Assets and Liabilities:
- Total Assets: $15,148,844
- Total Liabilities: $4,510,948
- Net Assets: $10,637,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,255,785
Organization Details
Founding Year
2018
Phone
(504) 708-4370Principal Officer
Vanessa Levine
Main Address
4152 CANAL STREET, NEW ORLEANS, LA, 70119
NTEE Category
Code: S80 - Community improvement
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