Civic Intelligence

Holy Rosary Redevelopment Board

EIN 27-2447617 • 501(c)3 • Lafayette, LA

Profile

Restoration of the 3-story building of holy rosary institute, to return it to a place of prominence in the community, and to recommit the building to the founders' mission of making holy rosary a center for educational, economic, health, social, cultural and spiritual development.

PO Box 5256Lafayette, LA 70502

www.holyrosaryla.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.12x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.32x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-4.1%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $1M-$5M 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

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

Up

$730,143

Up $715,101 (+4754%) from 2023

Liabilities

Up

$817,672

Up $817,672 from 2023

Net Assets

Down

-$87,529

Down $102,571 (-682%) from 2023

Revenue

Up

$2,575,504

Up $2,383,392 (+1241%) from 2023

Expenses

Up

$2,682,088

Up $2,474,017 (+1189%) from 2023

Net Income

Down

-$106,584

Down $90,625 (-568%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2020: $65,650Liabilities 2020: $0Net Assets 2020: $65,6502020Assets 2021: $85,165Liabilities 2021: $0Net Assets 2021: $85,1652021Assets 2022: $31,001Liabilities 2022: $0Net Assets 2022: $31,0012022Assets 2023: $15,042Liabilities 2023: $0Net Assets 2023: $15,0422023Assets 2024: $730,143Liabilities 2024: $817,672Net Assets 2024: -$87,5292024

Highlighted filing

2024

Assets$730,143
Liabilities$817,672
Net Assets-$87,529

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $28,433Expenses 2020: $38,008Net Income 2020: -$9,5752020Revenue 2021: $198,735Expenses 2021: $179,220Net Income 2021: $19,5152021Revenue 2022: $76,121Expenses 2022: $130,285Net Income 2022: -$54,1642022Revenue 2023: $192,112Expenses 2023: $208,071Net Income 2023: -$15,9592023Revenue 2024: $2,575,504Expenses 2024: $2,682,088Net Income 2024: -$106,5842024

Highlighted filing

2024

Revenue$2,575,504
Expenses$2,682,088
Net Income-$106,584

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$2,583,363
Mission and Program Overview

Mission

Restoration of the 3-story building of holy rosary institute, to return it to a place of prominence in the community, and to recommit the building to the founders' mission of making holy rosary a center for educational, economic, health, social, cultural and spiritual development.

Restoring the 3-story building of holy rosary institute.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$15,042$373,186▲ $358,144
Accounts Receivable-$352,613-
Prepaid Expenses and Deferred Charges-$4,344-
Total Assets$15,042$730,143▲ $715,101
Liabilities
Accounts Payable and Accrued Expenses-$817,672-
Total Liabilities$0$817,672▲ $817,672
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,042$-87,529▼ $102,571
Total Net Assets Fund Balance$15,042$-87,529▼ $102,571
Total Liabilities and Net Assets / Fund Balance$15,042$730,143▲ $715,101
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Womack & Son's Construction Group LLCConstruction Services5739 HWY 8, Harrisonburg, LA 71340$1,583,106
Direct Solutions Strategies LLCConsulting ServicesPO BOX 51362, Lafayette, LA 70505$250,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,575,970
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-466
All Other Contributions
$14,814
Change in Net Assets
$-106,584

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,575,504
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$7,859
Total Revenue per Audited Statements
$2,583,363
Total Revenue per Form 990
$2,575,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,682,088
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$2,662,268--$2,662,268
Occupancy-$13,136-$13,136
Fees for Services Legal-$5,000-$5,000
Office Expenses-$1,684-$1,684
Total Functional Expenses$2,662,268$19,820$0$2,682,088

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,689,947
Expenses per Audited Statements$2,682,088
Total Expenses per Form 990$2,682,088
Expenses Not Reported on Form 990$7,859
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,859
Fundraising Gross Income$7,393
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$18,578$6,193$6,625$-432
Community Day (family Day) Event$1,200$1,200-$1,200
Total Events$19,778$7,393$7,859$-466
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No

Governance Explanations

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

All minutes of meetings were documented and are available upon request.

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

The return was furnished to the appropriate officers of the board before filing. It was reviewed and signed by the current president.

Form 990, Part VI, Section C, Line 19

All records are available upon request.

Filing and Contact Details

Filer

Filer Name
Holy Rosary Redevelopment Board
EIN
27-2447617
Phone
3373088289
Address
PO BOX 5256, LAFAYETTE, LA 70502

Signing Officer

Name
Dustin Cravins
Title
President
Phone
3373088289
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dustin Cravins
Formed
2019
Legal Domicile
La
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Eag Gulf Coast LLC
Address
400 EAST KALISTE SALOOM ROAD STE, 7100, LAFAYETTE, LA 70508
Preparer
David Edmond
Phone
3372348431
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Irc sec. 481(a) adjustment - cash-to-accrual accounting method change 4,013.

FORM 990, PART XII, LINE 1:

The organization is changing their overall method of accounting from cash basis to accrual basis effective in the current tax year. The taxpayer is making this change in order to agree the form 990 to the organization's audited financial statements, which were prepared on an accrual basis method of accounting.

Financial Statement Notes

PART X, LINE 2:

The organization qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and, therefore, has no provision for federal income taxes. In addition, the organization has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has undertaken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the organization and has concluded that there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audit by taxing jurisdictions, however, there are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses - netted against revenues 7,859.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses - netted against revenues 7,859.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt07859
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02682088
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt07859
IRS990ScheduleD/OtherRevenueAmt07859
IRS990ScheduleD/RevenueNotReportedAmt07859
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02575504
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS UNDERTAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDIT BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES - NETTED AGAINST REVENUES 7,859.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSES - NETTED AGAINST REVENUES 7,859.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02682088
IRS990ScheduleD/TotalRevenuePerForm990Amt02575504
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02583363
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02689947
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt012385
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012385
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07859
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0COMMUNITY DAY (FAMILY DAY) EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0600
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0634
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01234
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018578
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019778
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt06193
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt07393
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-466
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06625
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06625
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MINUTES OF MEETINGS WERE DOCUMENTED AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN WAS FURNISHED TO THE APPROPRIATE OFFICERS OF THE BOARD BEFORE FILING. IT WAS REVIEWED AND SIGNED BY THE CURRENT PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL RECORDS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IRC SEC. 481(A) ADJUSTMENT - CASH-TO-ACCRUAL ACCOUNTING METHOD CHANGE 4,013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS CHANGING THEIR OVERALL METHOD OF ACCOUNTING FROM CASH BASIS TO ACCRUAL BASIS EFFECTIVE IN THE CURRENT TAX YEAR. THE TAXPAYER IS MAKING THIS CHANGE IN ORDER TO AGREE THE FORM 990 TO THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS, WHICH WERE PREPARED ON AN ACCRUAL BASIS METHOD OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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 XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015042
IRS990/TotalAssetsEOYAmt0730143
IRS990/TotalAssetsGrp/BOYAmt015042
IRS990/TotalAssetsGrp/EOYAmt0730143
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02575970
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02662268
IRS990/TotalFunctionalExpensesGrp/TotalAmt02682088
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0817672
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0817672
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015042
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-87529
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02662268
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-466
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02575504
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015042
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0730143
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 5256
IRS990/USAddress/CityNm0LAFAYETTE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070502
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.HOLYROSARYLA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DUSTIN CRAVINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03373088289
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOLY ROSARY REDEVELOPMENT BOARD
ReturnHeader/Filer/BusinessNameControlTxt0HOLY
ReturnHeader/Filer/EIN0272447617
ReturnHeader/Filer/PhoneNum03373088289
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5256
ReturnHeader/Filer/USAddress/CityNm0LAFAYETTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070502
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0923320348
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EAG GULF COAST LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 EAST KALISTE SALOOM ROAD STE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt07100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAFAYETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070508
ReturnHeader/PreparerPersonGrp/PhoneNum03372348431

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