Civic Intelligence

Noahh MC Inc

990 • Fiscal year 2019 • EIN 26-4413024

Jul 01, 2018 to Jun 30, 2019 • Filed on May 23, 2020

2900 Elysian Fields AvenueNew Orleans, LA 70122

(504) 861-2077

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.61x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2019

Top Officer Pay

99th percentile

$149,512

Higher top officer pay than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$144,590

Down $17,500 (-11%) from 2018

Net Assets

Down

$57,017

Down $22,022 (-28%) from 2018

Liabilities

Up

$87,573

Up $4,522 (+5.4%) from 2018

Revenue

Down

$0

Down $20,617 (-100%) from 2018

Expenses

Up

$22,022

Up $15,339 (+230%) from 2018

Net Income

Down

-$22,022

Down $35,956 (-258%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2013: $8,881,374Liabilities 2013: $9,715,522Net Assets 2013: -$834,1482013Assets 2014: $8,569,661Liabilities 2014: $9,739,535Net Assets 2014: -$1,169,8742014Assets 2015: $8,283,256Liabilities 2015: $9,682,194Net Assets 2015: -$1,398,9382015Assets 2016: $478,343Liabilities 2016: $478,343Net Assets 2016: $02016Assets 2017: $543,448Liabilities 2017: $478,343Net Assets 2017: $65,1052017Assets 2018: $162,090Liabilities 2018: $83,051Net Assets 2018: $79,0392018Assets 2019: $144,590Liabilities 2019: $87,573Net Assets 2019: $57,0172019Assets 2020: $52,345Liabilities 2020: $0Net Assets 2020: $52,3452020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$144,590
Liabilities$87,573
Net Assets$57,017

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2013: $169,3232013Revenue 2014: -$151,363Expenses 2014: $184,363Net Income 2014: -$335,7262014Revenue 2015: -$141,882Expenses 2015: $87,182Net Income 2015: -$229,0642015Revenue 2016: $1,996,527Expenses 2016: $597,589Net Income 2016: $1,398,9382016Revenue 2017: $85,268Expenses 2017: $20,163Net Income 2017: $65,1052017Revenue 2018: $20,617Expenses 2018: $6,683Net Income 2018: $13,9342018Revenue 2019: $0Expenses 2019: $22,022Net Income 2019: -$22,0222019Revenue 2020: $0Expenses 2020: $4,672Net Income 2020: -$4,6722020Revenue 2021: $0Expenses 2021: $52,345Net Income 2021: -$52,3452021

Highlighted filing

2019

Revenue$0
Expenses$22,022
Net Income-$22,022
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 23, 2020
Return Version
2018v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

The exclusive purpose of the corporation is to benefit and support new orleans area habitat for humanity, inc. ("noahh"), a louisiana nonprofit corporation exempt from federal income tax under code section 501(c)(3), to the extent such purpose is a (cont'd on sch. O) charitable purpose within the meaning of code section 501(c)(3). The corporation shall not be operated to support or benefit any organization other than noahh.

The exclusive purpose is to benefit and support new orleans area habitat for humanity, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$159,719$142,219▼ $17,500
Prepaid Expenses and Deferred Charges$2,371$2,371→ $0
Total Assets$162,090$144,590▼ $17,500
Liabilities
Other Liabilities$83,051$87,573▲ $4,522
Total Liabilities$83,051$87,573▲ $4,522
Net Assets / Fund Balance
Unrestricted Net Assets$79,039$57,017▼ $22,022
Total Net Assets Fund Balance$79,039$57,017▼ $22,022
Total Liabilities and Net Assets / Fund Balance$162,090$144,590▼ $17,500
Compensation and Service Providers

Employees

NameTitleOtherTotal
James PateExecutive Director (thru 06/2019)$149,512$149,512
Elizabeth LisleDirector of Operations (thru 06/2019)$110,326$110,326
Michael DoranDirector of Finance$89,427$89,427

Board Members and Trustees

NameTitle
Bill WrightPresident
Mike FloresBoard Member
Andrew R LeeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-22,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,022
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$17,500--$17,500
Insurance$2,372--$2,372
Fees for Services Accounting$2,150--$2,150
Total Functional Expenses$22,022$0$0$22,022
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 to New Orleans Area Habitat for Humanity, Inc.$87,573
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Directors shall be elected by majority vote of the directors of new orleans area habitat for humanity at any meeting of its board of directors.

Form 990, Part VI, Section A, Line 8A

The governing body had no meetings or written actions undertaken.

Form 990, Part VI, Section A, Line 8B

The organization has no committees.

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

The draft 990 return is emailed to the board of directors. They are provided a week to review and ask questions after which the return is filed.

Form 990, Part VI, Section C, Line 19

The organization does not have a conflict of interest policy; all other information is available upon request.

Filing and Contact Details

Filer

Filer Name
Noahh Mc Inc
EIN
26-4413024
Phone
5048612077
Address
2900 ELYSIAN FIELDS AVENUE, NEW ORLEANS, LA 70122

Signing Officer

Name
Marguerite Oestreicher
Title
Executive Director
Phone
5048612077
Signed
2020-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marguerite Oestreicher
Formed
2009
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Postlethwaite & Netterville
Address
ONE GALLERIA BLVD STE 2100, METAIRIE, LA 70001
Preparer
Gina Rachel
Phone
5048375990
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The new market tax credit transaction is completed and no longer in effect. The acquisition and construction by noahh of a music venue, the ellis marsalis center in new orleans, louisiana has been completed.

FORM 990, PART XII, LINE 2C:

The organization's parent, new orleans area habitat for humanity, inc., assumes responsibility of selecting an independent accountant and for oversight of the audit.

Financial Statement Notes

PART X, LINE 2:

The organization is a non-profit corporation that is exempt from federal income tax under section 501(c)(3) of the internal revenue code and qualifies as an organization that is not a private foundation as defined in section 509(a) of the code. It is exempt from louisiana income tax under the section 121(5) of title 47 of the louisiana revised statutes of 1950. Accounting standards codification (asc) "accounting for uncertainty in income taxes" policy clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. It also clarifies the application of accounting for income taxes by defining a criterion that an individual tax position must meet for any part of the benefit of that position to be recognized in an entity's financial statements. The interpretation requires recognition and measurement of uncertain income tax positions using a "more-likely-than-not" approach. The organization has evaluated its position regarding the accounting for uncertain tax positions and does not believe that it has any material uncertain tax positions.

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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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IRS990/MissionDesc0THE EXCLUSIVE PURPOSE OF THE CORPORATION IS TO BENEFIT AND SUPPORT NEW ORLEANS AREA HABITAT FOR HUMANITY, INC. ("NOAHH"), A LOUISIANA NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501(C)(3), TO THE EXTENT SUCH PURPOSE IS A CHARITABLE PURPOSE WITHIN THE MEANING OF CODE SECTION 501(C)(3). THE CORPORATION SHALL NOT BE OPERATED TO SUPPORT OR BENEFIT ANY ORGANIZATION OTHER THAN NOAHH.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NON-PROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND QUALIFIES AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. IT IS EXEMPT FROM LOUISIANA INCOME TAX UNDER THE SECTION 121(5) OF TITLE 47 OF THE LOUISIANA REVISED STATUTES OF 1950. ACCOUNTING STANDARDS CODIFICATION (ASC) "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" POLICY CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT ALSO CLARIFIES THE APPLICATION OF ACCOUNTING FOR INCOME TAXES BY DEFINING A CRITERION THAT AN INDIVIDUAL TAX POSITION MUST MEET FOR ANY PART OF THE BENEFIT OF THAT POSITION TO BE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE INTERPRETATION REQUIRES RECOGNITION AND MEASUREMENT OF UNCERTAIN INCOME TAX POSITIONS USING A "MORE-LIKELY-THAN-NOT" APPROACH. THE ORGANIZATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NEW MARKET TAX CREDIT TRANSACTION IS COMPLETED AND NO LONGER IN EFFECT. THE ACQUISITION AND CONSTRUCTION BY NOAHH OF A MUSIC VENUE, THE ELLIS MARSALIS CENTER IN NEW ORLEANS, LOUISIANA HAS BEEN COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS SHALL BE ELECTED BY MAJORITY VOTE OF THE DIRECTORS OF NEW ORLEANS AREA HABITAT FOR HUMANITY AT ANY MEETING OF ITS BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY HAD NO MEETINGS OR WRITTEN ACTIONS UNDERTAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DRAFT 990 RETURN IS EMAILED TO THE BOARD OF DIRECTORS. THEY ARE PROVIDED A WEEK TO REVIEW AND ASK QUESTIONS AFTER WHICH THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY; ALL OTHER INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S PARENT, NEW ORLEANS AREA HABITAT FOR HUMANITY, INC., ASSUMES RESPONSIBILITY OF SELECTING AN INDEPENDENT ACCOUNTANT AND FOR OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
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ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARGUERITE OESTREICHER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-23
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ReturnHeader/FilingSecurityInformation/IPTm010:45:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721202445
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POSTLETHWAITE & NETTERVILLE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070001
ReturnHeader/PreparerPersonGrp/PhoneNum05048375990
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GINA RACHEL
ReturnHeader/ReturnTs02020-06-15T09:56:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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