Civic Intelligence

Crescent Affordable Housing Corporation

EIN 20-0470082 • 501(c)3 • New Orleans, LA

Profile

To participate in the development of housing that is affordable to persons of low and moderate income.

4100 Touro StreetNew Orleans, LA 70122-3143

www.hano.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2024

Liabilities / Revenue

100th percentile

131.17x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

4th percentile

-451%

Higher net margin than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

Score unavailable

No value available

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

Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-19%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

-$2,923,710

Down $448,445 (-18%) from 2023

Liabilities

Down

$548,668

Down $433,690 (-44%) from 2023

Net Assets

Down

-$3,472,378

Down $14,755 (-0.4%) from 2023

Revenue

Down

$4,183

Down $999 (-19%) from 2023

Expenses

Down

$23,048

Down $649,222 (-97%) from 2023

Net Income

Up

-$18,865

Up $648,223 (+97%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2014: $4,466,634Liabilities 2014: $1,756,533Net Assets 2014: $2,710,1012014Assets 2015: $3,891,612Liabilities 2015: $1,045,049Net Assets 2015: $2,846,5632015Assets 2016: $3,574,328Liabilities 2016: $1,045,049Net Assets 2016: $2,529,2792016Assets 2017: $2,705,194Liabilities 2017: $499,479Net Assets 2017: $2,205,7152017Assets 2018: $2,502,000Liabilities 2018: $502,068Net Assets 2018: $1,999,9322018Assets 2019: $1,413,118Liabilities 2019: $517,658Net Assets 2019: $895,4602019Assets 2020: $64,224Liabilities 2020: $499,011Net Assets 2020: -$434,7872020Assets 2021: -$372,051Liabilities 2021: $1,149,043Net Assets 2021: -$1,521,0942021Assets 2022: -$1,560,567Liabilities 2022: $1,232,469Net Assets 2022: -$2,793,0362022Assets 2023: -$2,475,265Liabilities 2023: $982,358Net Assets 2023: -$3,457,6232023Assets 2024: -$2,923,710Liabilities 2024: $548,668Net Assets 2024: -$3,472,3782024

Highlighted filing

2024

Assets-$2,923,710
Liabilities$548,668
Net Assets-$3,472,378

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2014: $161,440Expenses 2014: $1,279,702Net Income 2014: -$1,118,2622014Revenue 2015: $1,026,322Expenses 2015: $889,860Net Income 2015: $136,4622015Revenue 2016: $7,411Expenses 2016: $324,695Net Income 2016: -$317,2842016Revenue 2017: $328,151Expenses 2017: $607,344Net Income 2017: -$279,1932017Revenue 2018: $13,697Expenses 2018: $219,480Net Income 2018: -$205,7832018Revenue 2019: $30,740Expenses 2019: $1,135,212Net Income 2019: -$1,104,4722019Revenue 2020: $22,773Expenses 2020: $1,353,020Net Income 2020: -$1,330,2472020Revenue 2021: $5,232Expenses 2021: $1,091,539Net Income 2021: -$1,086,3072021Revenue 2022: $5,739Expenses 2022: $1,277,681Net Income 2022: -$1,271,9422022Revenue 2023: $5,182Expenses 2023: $672,270Net Income 2023: -$667,0882023Revenue 2024: $4,183Expenses 2024: $23,048Net Income 2024: -$18,8652024

Highlighted filing

2024

Revenue$4,183
Expenses$23,048
Net Income-$18,865

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.55$3.47$0.00$0.02$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.98$3.46$0.01$0.67$0.67
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$1.23$2.79$0.01$1.28$1.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$1.15$1.52$0.01$1.09$1.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.50$0.43$0.02$1.35$1.33
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.52$0.90$0.03$1.14$1.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.50$2.00$0.01$0.22$0.21
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.50$2.21$0.33$0.61$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$1.05$2.53$0.01$0.32$0.32
2015Detailed filing. Detailed filing data is available for this year.$3.89$1.05$2.85$1.03$0.89$0.14
2014Detailed filing. Detailed filing data is available for this year.$4.47$1.76$2.71$0.16$1.28$1.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.0
Gross Receipts
$4,183
Mission and Program Overview

Mission

To participate in the development of housing that is affordable to persons of low and moderate income.

Participate in development of affordable housing for persons of low and moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,182,199$1,734,147▼ $448,052
Accounts Receivable$1,678,550$1,678,550→ $0
Investments Program Related$-6,987,356$-6,987,749▼ $393
Other Assets Total$651,342$651,342→ $0
Total Assets$-2,475,265$-2,923,710▼ $448,445
Liabilities
Other Liabilities$971,668$537,978▼ $433,690
Accounts Payable and Accrued Expenses$10,690$10,690→ $0
Total Liabilities$982,358$548,668▼ $433,690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,457,623$-3,472,378▼ $14,755
Total Net Assets Fund Balance$-3,457,623$-3,472,378▼ $14,755
Total Liabilities and Net Assets / Fund Balance$-2,475,265$-2,923,710▼ $448,445

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$54,053$54,053
Investment Program Related Org$-5,654,816--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Tiffany BovelandDirector$103,304$103,304
Chanelle Campbell WashingtonDirector$99,891$99,891

Board Members and Trustees

NameTitle
Cynthia WigginsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,183
Other Revenue
$0
Change in Net Assets
$-18,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$393$2,655-$393
Total Functional Expenses$393$22,655$0$23,048
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due From Related Party$537,978
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The housing authority of new orleans is the sole member and is exempt from federal income tax as a governmental entity.

Form 990, Page 6, Part VI, Line 7A

The board of trustees of the housing authority of new orleans, as sole member of crescent affordable housing corporation, has authority over crescent affordable housing corporation in various aspects of operations and management.

Form 990, Page 6, Part VI, Line 7B

SAME AS LINE 7A

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

Form 990 is reviewed by the cfo and approved by the executive director of the member prior to the form 990 being filed.

Form 990, Page 6, Part VI, Line 19

The organization does not have a written conflict of interest policy but it makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Crescent Affordable Housing Corp
EIN
20-0470082
Phone
5046703300
Address
4100 TOURO STREET, NEW ORLEANS, LA 70122-3143

Signing Officer

Name
Stacy Jackson
Title
Director
Phone
5046703261
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacy Jackson
Formed
2003
Legal Domicile
La
Voting Board Members
3
Independent Board Members
1
Employees
0

Preparer

Firm
Berman Hopkins Wright Laham Cpas & Assoc
Address
8035 SPYGLASS HILL RD, MELBOURNE, FL 32940-7984
Preparer
Abbey K Redden CPA
Phone
3217572020
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Summer youth employment program for youth ages 14-21 was implemented to provide summer employment opportunities to residents assisted by the housing authority of new orleans (hano).the program is designed to provide youth a positive and engaging work experience that includes life skills training while connecting them to community leaders, business owners and other stakeholders. The program covers an eight-week period with the work week not to exceed 25 hours. The program employs youth working in areas of interest such as law, medicine, mental and physical health, non- profit organizations such as broadmoor and caf reconcile and the local hud office. The 14-15 year old students were also enrolled in the six-week models for success program hosted at dillard university. Students in the program are exposed to career exploration and financial literacy, healthy lifestyles, creative writing and the arts, as well as foreign language.

Form 990, Part XI, Line 9

Prior period adjustment 4,110

Financial Statement Notes

Schedule D, Page 3, Part X

Cahc has been classified as a publicly supported organization under internal revenue code section 501(c)(3) and not as a private foundation. Therefore, it is generally not subject to income tax. Cahc is subject to unrelated business income tax (ubit) if income is earned which does not relate to its nonprofit purpose. There has been no ubit recorded in the financials for the year ended december 31, 2024. Lune d-or and place d'genesis have elected to be treated as pass-through entities for income tax purposes and, as such, are not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to cahc and the other owners of the consolidated entities. Lune d-or and place d'genesis' federal tax status as pass-through entities is based on their legal status as single-member limited liability companies. Accordingly, neither entity is required to take any tax positions in order to qualify as pass-through entities. Guste homes iii, llc and the three limited liability companies included in lune d-or are required to file and do file tax returns with the internal revenue service and other taxing authorities. Accordingly, these consolidated financial statements do not reflect a provision for income taxes and there are no other tax positions which must be considered for disclosure. While no income tax returns are currently being examined by the internal revenue service, the corporation is subject to income tax examinations by tax authorities for the prior three years.

Raw XML AppendixShowing 400 of 414 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2FISCHER III LLC
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAHC HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND NOT AS A PRIVATE FOUNDATION. THEREFORE, IT IS GENERALLY NOT SUBJECT TO INCOME TAX. CAHC IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) IF INCOME IS EARNED WHICH DOES NOT RELATE TO ITS NONPROFIT PURPOSE. THERE HAS BEEN NO UBIT RECORDED IN THE FINANCIALS FOR THE YEAR ENDED DECEMBER 31, 2024. LUNE D-OR AND PLACE D'GENESIS HAVE ELECTED TO BE TREATED AS PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND, AS SUCH, ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO CAHC AND THE OTHER OWNERS OF THE CONSOLIDATED ENTITIES. LUNE D-OR AND PLACE D'GENESIS' FEDERAL TAX STATUS AS PASS-THROUGH ENTITIES IS BASED ON THEIR LEGAL STATUS AS SINGLE-MEMBER LIMITED LIABILITY COMPANIES. ACCORDINGLY, NEITHER ENTITY IS REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS PASS-THROUGH ENTITIES. GUSTE HOMES III, LLC AND THE THREE LIMITED LIABILITY COMPANIES INCLUDED IN LUNE D-OR ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THERE ARE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, THE CORPORATION IS SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE PRIOR THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUMMER YOUTH EMPLOYMENT PROGRAM FOR YOUTH AGES 14-21 WAS IMPLEMENTED TO PROVIDE SUMMER EMPLOYMENT OPPORTUNITIES TO RESIDENTS ASSISTED BY THE HOUSING AUTHORITY OF NEW ORLEANS (HANO).THE PROGRAM IS DESIGNED TO PROVIDE YOUTH A POSITIVE AND ENGAGING WORK EXPERIENCE THAT INCLUDES LIFE SKILLS TRAINING WHILE CONNECTING THEM TO COMMUNITY LEADERS, BUSINESS OWNERS AND OTHER STAKEHOLDERS. THE PROGRAM COVERS AN EIGHT-WEEK PERIOD WITH THE WORK WEEK NOT TO EXCEED 25 HOURS. THE PROGRAM EMPLOYS YOUTH WORKING IN AREAS OF INTEREST SUCH AS LAW, MEDICINE, MENTAL AND PHYSICAL HEALTH, NON- PROFIT ORGANIZATIONS SUCH AS BROADMOOR AND CAF RECONCILE AND THE LOCAL HUD OFFICE. THE 14-15 YEAR OLD STUDENTS WERE ALSO ENROLLED IN THE SIX-WEEK MODELS FOR SUCCESS PROGRAM HOSTED AT DILLARD UNIVERSITY. STUDENTS IN THE PROGRAM ARE EXPOSED TO CAREER EXPLORATION AND FINANCIAL LITERACY, HEALTHY LIFESTYLES, CREATIVE WRITING AND THE ARTS, AS WELL AS FOREIGN LANGUAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE HOUSING AUTHORITY OF NEW ORLEANS IS THE SOLE MEMBER AND IS EXEMPT FROM FEDERAL INCOME TAX AS A GOVERNMENTAL ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES OF THE HOUSING AUTHORITY OF NEW ORLEANS, AS SOLE MEMBER OF CRESCENT AFFORDABLE HOUSING CORPORATION, HAS AUTHORITY OVER CRESCENT AFFORDABLE HOUSING CORPORATION IN VARIOUS ASPECTS OF OPERATIONS AND MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SAME AS LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS REVIEWED BY THE CFO AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE MEMBER PRIOR TO THE FORM 990 BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY BUT IT MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR PERIOD ADJUSTMENT 4,110
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0STACY JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05046703261
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