Civic Intelligence

Willows Housing Restoration Corp

EIN 16-1677598 • 501(c)25 • New Orleans, LA

Profile

Acquire and hold title to real property & manage and lease real property.

618 Baronne StNew Orleans, LA 70113
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

18.10x

Higher debt load relative to assets than 100% of similar nonprofits.

$1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2015

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

$1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-97%

Faster asset growth than 2% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Assets

Down

$506,209

Down $17,173,616 (-97%) from 2014

Liabilities

Down

$9,162,640

Down $9,582,123 (-51%) from 2014

Net Assets

Down

-$8,656,431

Down $7,591,493 (-713%) from 2014

Revenue

Down

-$7,591,493

Down $7,396,748 (-3798%) from 2014

Expenses

Flat

$0

Flat from 2014

Net Income

Down

-$7,591,493

Down $7,396,748 (-3798%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10MAssets 2011: $19,027,462Liabilities 2011: $19,360,356Net Assets 2011: -$332,8942011Assets 2012: $18,259,969Liabilities 2012: $18,834,806Net Assets 2012: -$574,8372012Assets 2013: $3,923,034Liabilities 2013: $4,793,227Net Assets 2013: -$870,1932013Assets 2014: $17,679,825Liabilities 2014: $18,744,763Net Assets 2014: -$1,064,9382014Assets 2015: $506,209Liabilities 2015: $9,162,640Net Assets 2015: -$8,656,4312015

Highlighted filing

2015

Assets$506,209
Liabilities$9,162,640
Net Assets-$8,656,431

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$0-$2.0M-$4.0M-$6.0M-$8.0MExpenses 2011: $02011Expenses 2012: $02012Expenses 2013: $02013Revenue 2014: -$194,745Expenses 2014: $0Net Income 2014: -$194,7452014Revenue 2015: -$7,591,493Expenses 2015: $0Net Income 2015: -$7,591,4932015

Highlighted filing

2015

Revenue-$7,591,493
Expenses$0
Net Income-$7,591,493

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Feb 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,746,671
Mission and Program Overview

Mission

Acquire and hold title to real property & manage and lease real property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,787,093--
Cash and Non-Interest-Bearing Accounts$450,238$249,096▼ $201,142
Prepaid Expenses and Deferred Charges$72,734$208,989▲ $136,255
Accounts Receivable$366,011$48,124▼ $317,887
Total Assets$17,679,825$506,209▼ $17,173,616
Other Assets Total$3,749--
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,518,279--
Other Liabilities-$9,154,857-
Accounts Payable and Accrued Expenses$226,484$7,783▼ $218,701
Total Liabilities$18,744,763$9,162,640▼ $9,582,123
Net Assets / Fund Balance
Unrestricted Net Assets$-1,064,938$-8,656,431▼ $7,591,493
Total Net Assets Fund Balance$-1,064,938$-8,656,431▼ $7,591,493
Total Liabilities and Net Assets / Fund Balance$17,679,825$506,209▼ $17,173,616
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph E FriendChairman
Gizelle JohnsonVice-chairma
G Wade WootenMember
Hattie BroussardMember
Stephen SmithMember
Gary M ClarkSEC.'Y/TREAS
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-7,591,493
Change in Net Assets
$-7,591,493

Audited Revenue Reconciliation

Revenue per Audited Statements
$-7,591,493
Total Revenue per Audited Statements
$-7,591,493
Total Revenue per Form 990
$-7,591,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Operating Fund$9,154,857
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

SHELTERS

Form 990, Page 6, Part VI, Line 11B

The 990 is prepared by an independent cpa firm and provided to management for review and approval.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Willows Housing Restoration Corp
EIN
16-1677598
Phone
5045245533
Address
618 BARONNE ST, NEW ORLEANS, LA 70113

Signing Officer

Name
Mtumishi St Julien
Title
Executive Director
Phone
5045245533
Signed
2016-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mtumishi St Julien
Formed
2004
Legal Domicile
La
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Bruno & Tervalon Llp Cpas
Address
4298 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70122
Preparer
Waldo J Moret Jr
Phone
5042848733
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