Civic Intelligence

Central City Housing Development Corp

EIN 23-7010677 • 501(c)3 • New Orleans, LA

Profile

To provide decent, safe, sanctuary and affordable housing opportunities for both home ownership and rental for persons of low and moderate income.

2020 Jackson Avenue 2New Orleans, LA 70113

n/A

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

95th percentile

3.54x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

36th percentile

-0.9%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

64th percentile

17%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,685,052

Down $24,576 (-0.9%) from 2024

Liabilities

Down

$2,514,452

Down $107,592 (-4.1%) from 2024

Net Assets

Up

$170,600

Up $83,016 (+95%) from 2024

Revenue

Up

$711,275

Up $105,082 (+17%) from 2024

Expenses

Down

$628,259

Down $27,845 (-4.2%) from 2024

Net Income

Up

$83,016

Up $132,927 (+266%) from 2024

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $696,098Liabilities 2018: $446,469Net Assets 2018: $249,6292018Assets 2019: $474,577Liabilities 2019: $353,447Net Assets 2019: $121,1302019Assets 2020: $557,531Liabilities 2020: $408,925Net Assets 2020: $148,6062020Assets 2021: $3,535,372Liabilities 2021: $3,415,663Net Assets 2021: $119,7092021Assets 2022: $2,818,752Liabilities 2022: $2,642,551Net Assets 2022: $176,2012022Assets 2023: $2,802,602Liabilities 2023: $2,665,107Net Assets 2023: $137,4952023Assets 2024: $2,709,628Liabilities 2024: $2,622,044Net Assets 2024: $87,5842024Assets 2025: $2,685,052Liabilities 2025: $2,514,452Net Assets 2025: $170,6002025

Highlighted filing

2025

Assets$2,685,052
Liabilities$2,514,452
Net Assets$170,600

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $624,101Expenses 2018: $462,579Net Income 2018: $161,5222018Revenue 2019: $417,087Expenses 2019: $354,565Net Income 2019: $62,5222019Revenue 2020: $436,219Expenses 2020: $408,743Net Income 2020: $27,4762020Revenue 2021: $446,262Expenses 2021: $475,159Net Income 2021: -$28,8972021Revenue 2022: $501,988Expenses 2022: $445,496Net Income 2022: $56,4922022Revenue 2023: $570,584Expenses 2023: $609,290Net Income 2023: -$38,7062023Revenue 2024: $606,193Expenses 2024: $656,104Net Income 2024: -$49,9112024Revenue 2025: $711,275Expenses 2025: $628,259Net Income 2025: $83,0162025

Highlighted filing

2025

Revenue$711,275
Expenses$628,259
Net Income$83,016

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 27, 2026
Return Version
2024v5.5
Gross Receipts
$711,275
Mission and Program Overview

Mission

To provide decent, safe, sanctuary and affordable housing opportunities for both home ownership and rental for persons of low and moderate income.

To provide decent safe, sanctuary and affordable housing opportunities for both home ownership and rental for persons of low and moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,326,262$2,286,626▼ $39,636
Intangible Assets$189,238$178,680▼ $10,558
Prepaid Expenses and Deferred Charges$31,694$47,165▲ $15,471
Accounts Receivable$43,700$18,651▼ $25,049
Cash and Non-Interest-Bearing Accounts$1,870$11,044▲ $9,174
Total Assets$2,709,628$2,685,052▼ $24,576
Other Assets Total$116,864$142,886▲ $26,022
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,489,995$2,436,344▼ $53,651
Accounts Payable and Accrued Expenses$110,729$54,636▼ $56,093
Deferred Revenue$10,147$11,834▲ $1,687
Other Liabilities$11,173$11,638▲ $465
Total Liabilities$2,622,044$2,514,452▼ $107,592
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$87,584$170,600▲ $83,016
Total Net Assets Fund Balance$87,584$170,600▲ $83,016
Total Liabilities and Net Assets / Fund Balance$2,709,628$2,685,052▼ $24,576

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,109,939$1,411,339$3,521,278
Equipment$105,279$215,235$320,514
Land$71,408-$71,408
Other Assets Org$84,483--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Priscilla EdwardsChairman
Brian RichburgVice President
Barbara MalterDirector
Hermine JonesDirector
Howard RodgersDirector
Lashunda FranklinDirector
Percy BryantDirector
Ronald ColemanDirector
Shirley SimonDirector
Catrina ReedSecretary
Kevin WynneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$710,993
Investment Income
$282
Other Revenue
$0
Change in Net Assets
$83,016

Audited Revenue Reconciliation

Revenue per Audited Statements
$711,275
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$711,275
Total Revenue per Form 990
$711,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$514,633
Salaries, Compensation, and Employee Benefits$113,626
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$114,737--$114,737
Depreciation Depletion$113,202--$113,202
Occupancy$103,436--$103,436
Other Salaries and Wages$97,227--$97,227
Interest$58,819--$58,819
Fees for Services Management-$39,063-$39,063
Payroll Taxes$8,253--$8,253
Other Employee Benefits$8,146--$8,146
Fees for Services Accounting-$8,070-$8,070
Other Expenses$7,594$8,352-$7,594
Office Expenses$6,713--$6,713
Travel-$3,149-$3,149
Information Technology$2,246--$2,246
Fees for Services Legal-$569-$569
Conferences and Meetings-$139-$139
Total Functional Expenses$568,917$59,342$0$628,259

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$628,259
Total Expenses per Audited Statements$628,259
Total Expenses per Form 990$628,259
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$11,638
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Management was contracted out to phase housing management, llc.

Form 990, Part VI, Section B, Line 11B

The organization's form 990 is reviewed by the chairman and vice-chairman prior to being submitted to the other board members and the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Central City Housing Development Corp
EIN
23-7010677
Phone
5044211643
Address
2020 JACKSON AVENUE 2, NEW ORLEANS, LA 70113

Signing Officer

Name
Priscilla Edwards
Title
Chairman
Phone
5044211643
Signed
2026-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Priscilla Edwards
Formed
1968
Legal Domicile
La
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The committee reviews submitted bids on the audit and provides copies of the bids to the other board members. After all bids have been reviewed, the board votes on the proposals and notifies the finalist after approval by the full board.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The corporation does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statements.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0710359
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1634
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0375
IRS990/PYOtherExpensesAmt0525669
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0605818
IRS990/PYRevenuesLessExpensesAmt0-49911
IRS990/PYSalariesCompEmpBnftPaidAmt0130435
IRS990/PYTotalExpensesAmt0656104
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0606193
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt083016
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0710993
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0282
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0375
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0361
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0567
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0906
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0710993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0605818
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0570223
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0501421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0445356
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02833811
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0282
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0375
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0567
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02491
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99910
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt02833811
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0710993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0605818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0570223
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0501421
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0445356
IRS990ScheduleA/Total509Grp/TotalAmt02833811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0711275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0606193
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0570584
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0501988
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0446262
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02836302
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02109939
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01411339
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03521278
IRS990ScheduleD/EquipmentGrp/BookValueAmt0105279
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0215235
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0320514
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0628259
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt071408
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt071408
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012681
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11160
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt244562
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt384483
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0711275
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02286626
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0142886
IRS990ScheduleD/TotalExpensesPerForm990Amt0628259
IRS990ScheduleD/TotalLiabilityAmt011638
IRS990ScheduleD/TotalRevenuePerForm990Amt0711275
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0711275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0628259
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT WAS CONTRACTED OUT TO PHASE HOUSING MANAGEMENT, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE CHAIRMAN AND VICE-CHAIRMAN PRIOR TO BEING SUBMITTED TO THE OTHER BOARD MEMBERS AND THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMMITTEE REVIEWS SUBMITTED BIDS ON THE AUDIT AND PROVIDES COPIES OF THE BIDS TO THE OTHER BOARD MEMBERS. AFTER ALL BIDS HAVE BEEN REVIEWED, THE BOARD VOTES ON THE PROPOSALS AND NOTIFIES THE FINALIST AFTER APPROVAL BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CRESCENT CITY HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0843889003
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02101 PHILIP STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW ORLEANS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd070113
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00

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