Civic Intelligence

Our Lady of the Assumption Apts

EIN 27-3271453 • 501(c)3 • Abbeville, LA

Profile

The organization provides low income housing on a non-profit basis pursuant to section 222(b)(3) of the national housing act

Refreshing map…

1004 South St Charles StAbbeville, LA 70510
Siviq Scores

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

Liabilities / Assets

49th percentile

0.01x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

75th percentile

0.15x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

29th percentile

-4.7%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

45th percentile

3.6%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$977,695

Down $48,226 (-4.7%) from 2024

Liabilities

Down

$13,433

Down $27,497 (-67%) from 2024

Net Assets

Down

$964,262

Down $20,729 (-2.1%) from 2024

Revenue

Up

$88,092

Up $3,028 (+3.6%) from 2024

Expenses

Up

$108,821

Up $9,119 (+9.1%) from 2024

Net Income

Down

-$20,729

Down $6,091 (-42%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $1,200,060Liabilities 2016: $7,477Net Assets 2016: $1,192,5832016Assets 2017: $1,186,669Liabilities 2017: $27,690Net Assets 2017: $1,158,9792017Assets 2018: $1,143,497Liabilities 2018: $16,218Net Assets 2018: $1,127,2792018Assets 2019: $1,122,045Liabilities 2019: $30,944Net Assets 2019: $1,091,1012019Assets 2020: $1,096,185Liabilities 2020: $52,137Net Assets 2020: $1,044,0482020Assets 2021: $1,059,517Liabilities 2021: $40,676Net Assets 2021: $1,018,8412021Assets 2022: $1,046,638Liabilities 2022: $44,704Net Assets 2022: $1,001,9342022Assets 2023: $1,055,678Liabilities 2023: $56,049Net Assets 2023: $999,6292023Assets 2024: $1,025,921Liabilities 2024: $40,930Net Assets 2024: $984,9912024Assets 2025: $977,695Liabilities 2025: $13,433Net Assets 2025: $964,2622025

Highlighted filing

2025

Assets$977,695
Liabilities$13,433
Net Assets$964,262

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2016: $77,378Expenses 2016: $16,418Net Income 2016: $60,9602016Revenue 2017: $29,789Expenses 2017: $63,393Net Income 2017: -$33,6042017Revenue 2018: $41,798Expenses 2018: $73,498Net Income 2018: -$31,7002018Revenue 2019: $43,790Expenses 2019: $79,968Net Income 2019: -$36,1782019Revenue 2020: $43,089Expenses 2020: $90,142Net Income 2020: -$47,0532020Revenue 2021: $64,445Expenses 2021: $89,652Net Income 2021: -$25,2072021Revenue 2022: $74,417Expenses 2022: $91,324Net Income 2022: -$16,9072022Revenue 2023: $100,048Expenses 2023: $102,353Net Income 2023: -$2,3052023Revenue 2024: $85,064Expenses 2024: $99,702Net Income 2024: -$14,6382024Revenue 2025: $88,092Expenses 2025: $108,821Net Income 2025: -$20,7292025

Highlighted filing

2025

Revenue$88,092
Expenses$108,821
Net Income-$20,729

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 24, 2025
Return Version
2024v5.0
Gross Receipts
$88,092
Mission and Program Overview

Mission

The organization provides low income housing on a non-profit basis pursuant to section 222(b)(3) of the national housing act

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$941,295$913,538▼ $27,757
Savings and Temporary Cash Investments$49,170$41,384▼ $7,786
Prepaid Expenses and Deferred Charges$15,768$15,723▼ $45
Cash and Non-Interest-Bearing Accounts$13,338$986▼ $12,352
Accounts Receivable$729$250▼ $479
Total Assets$1,025,921$977,695▼ $48,226
Other Assets Total$5,621$5,814▲ $193
Liabilities
Accounts Payable and Accrued Expenses$38,549$10,818▼ $27,731
Other Liabilities$2,321$2,514▲ $193
Deferred Revenue$60$101▲ $41
Total Liabilities$40,930$13,433▼ $27,497
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,131,623$1,131,623→ $0
Net Assets Without Donor Restrictions$-146,632$-167,361▼ $20,729
Total Net Assets Fund Balance$984,991$964,262▼ $20,729
Total Liabilities and Net Assets / Fund Balance$1,025,921$977,695▼ $48,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$853,538$256,755$1,110,293
Land$60,000-$60,000
Equipment-$3,207$3,207
Other Land Buildings-$2,794$2,794
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$59,190
Program Service Revenue
$28,793
Investment Income
$14
Other Revenue
$95
Change in Net Assets
$-20,729

Audited Revenue Reconciliation

Revenue per Audited Statements
$88,092
Total Revenue per Audited Statements
$88,092
Total Revenue per Form 990
$88,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$99,614
Salaries, Compensation, and Employee Benefits$9,207
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$27,757--$27,757
Insurance$12,131--$12,131
Occupancy$10,603--$10,603
Office Expenses$5,405$4,514-$9,919
Other Salaries and Wages$5,918$2,520-$8,438
Fees for Services Management-$8,209-$8,209
Fees for Services Accounting-$7,410-$7,410
Advertising$1,197--$1,197
Other Employee Benefits$493--$493
Payroll Taxes$276--$276
Travel$83--$83
Other Expenses$11$360-$11
Total Functional Expenses$85,808$23,013$0$108,821

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$108,821
Total Expenses per Audited Statements$108,821
Total Expenses per Form 990$108,821
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 Deposits Held in Trust$2,514
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Our lady of assumption apartments is managed by an independent management company, goodwill industries of acadiana, inc. Fees are on a monthly basis.

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

Management reviews form 990 prior to its release to the public

Form 990, Page 6, Part VI, Line 12C

The board of directors monitors, on an ongoing basis, the conflcit of interest policy. The directors, if they become aware of any problems, will address the problem at its regular meeting or call for a special meeting if necessary.

Form 990, Page 6, Part VI, Line 19

Management will provide only those necessary documents to the public upon request

Filing and Contact Details

Filer

Filer Name
Our Lady of the Assumption Apts
EIN
27-3271453
Phone
3372615811
Address
1004 SOUTH ST CHARLES ST, ABBEVILLE, LA 70510

Signing Officer

Name
Jacob a Troutman
Title
Treasurer
Phone
3372615811
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bishop J Douglas Deshotel
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Darnall Sikes & Frederick
Address
2000 KALISTE SALOOM RD STE 300, LAFAYETTE, LA 70508
Preparer
Christine Dunn
Phone
3372323312
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01110293
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03207
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03207
IRS990ScheduleD/ExpensesSubtotalAmt0108821
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02794
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02514
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueSubtotalAmt088092
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0913538
IRS990ScheduleD/TotalExpensesPerForm990Amt0108821
IRS990ScheduleD/TotalLiabilityAmt02514
IRS990ScheduleD/TotalRevenuePerForm990Amt088092
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt088092
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0108821
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR LADY OF ASSUMPTION APARTMENTS IS MANAGED BY AN INDEPENDENT MANAGEMENT COMPANY, GOODWILL INDUSTRIES OF ACADIANA, INC. FEES ARE ON A MONTHLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS FORM 990 PRIOR TO ITS RELEASE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MONITORS, ON AN ONGOING BASIS, THE CONFLCIT OF INTEREST POLICY. THE DIRECTORS, IF THEY BECOME AWARE OF ANY PROBLEMS, WILL ADDRESS THE PROBLEM AT ITS REGULAR MEETING OR CALL FOR A SPECIAL MEETING IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT WILL PROVIDE ONLY THOSE NECESSARY DOCUMENTS TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt6ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt7ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt8ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt9ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt10ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt11ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt12ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt13ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt14ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt15ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt16ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt17ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt18ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt19ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt20ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt21ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt22ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt23ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt24ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt25ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt26ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt27ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt28ROMAN CATH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt1CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt2CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt3CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt4CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt5CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt6CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt7CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt8CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt9CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt10CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt11CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt12CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt13CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt14CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt15CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt16CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt17CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt18CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt19CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt20CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt21CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt22CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt23CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt24CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt25CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt26CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt27CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt28CATHOLIC DIOCESE OF LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ROMAN CATHOLIC DIOCESE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ST KATHARINE DREXEL MANOR INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2ST ELIZABETH MANOR INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3ST DOMINIC PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4ST BERNADETTE MANOR INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5ST BERNADETTE MANOR II INC

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