Civic Intelligence

Passman Plaza Inc

EIN 72-1291568 • 501(c)3 • Monroe, LA

Profile

The organization operates 40 units of government assisted housing for the elderly and handicapped in carrying out its exempt purpose.

300 Harrison StreetMonroe, LA 71201
Siviq Scores

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

Liabilities / Assets

97th percentile

1.71x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

8.86x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

21st percentile

-5.7%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

50th percentile

7.4%

Faster revenue growth than 50% of similar nonprofits.

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

Assets

Down

$1,234,405

Down $74,065 (-5.7%) from 2024

Liabilities

Down

$2,113,023

Down $12,992 (-0.6%) from 2024

Net Assets

Down

-$878,618

Down $61,073 (-7.5%) from 2024

Revenue

Up

$238,373

Up $16,363 (+7.4%) from 2024

Expenses

Up

$299,446

Up $24,183 (+8.8%) from 2024

Net Income

Down

-$61,073

Down $7,820 (-15%) from 2024

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,770,232Liabilities 2011: $2,079,919Net Assets 2011: -$309,6872011Assets 2012: $1,721,722Liabilities 2012: $2,065,001Net Assets 2012: -$343,2792012Assets 2013: $1,707,267Liabilities 2013: $2,065,423Net Assets 2013: -$358,1562013Assets 2014: $1,673,826Liabilities 2014: $2,072,549Net Assets 2014: -$398,7232014Assets 2015: $1,662,458Liabilities 2015: $2,070,871Net Assets 2015: -$408,4132015Assets 2016: $1,631,476Liabilities 2016: $2,072,034Net Assets 2016: -$440,5582016Assets 2017: $1,609,315Liabilities 2017: $2,071,199Net Assets 2017: -$461,8842017Assets 2018: $1,591,187Liabilities 2018: $2,090,042Net Assets 2018: -$498,8552018Assets 2019: $1,558,867Liabilities 2019: $2,116,712Net Assets 2019: -$557,8452019Assets 2020: $1,520,538Liabilities 2020: $2,136,407Net Assets 2020: -$615,8692020Assets 2021: $1,536,489Liabilities 2021: $2,206,776Net Assets 2021: -$670,2872021Assets 2022: $1,503,862Liabilities 2022: $2,227,050Net Assets 2022: -$723,1882022Assets 2023: $1,536,337Liabilities 2023: $2,300,629Net Assets 2023: -$764,2922023Assets 2024: $1,308,470Liabilities 2024: $2,126,015Net Assets 2024: -$817,5452024Assets 2025: $1,234,405Liabilities 2025: $2,113,023Net Assets 2025: -$878,6182025

Highlighted filing

2025

Assets$1,234,405
Liabilities$2,113,023
Net Assets-$878,618

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $401,140Expenses 2011: $408,293Net Income 2011: -$7,1532011Revenue 2012: $123,163Expenses 2012: $156,755Net Income 2012: -$33,5922012Revenue 2013: $147,728Expenses 2013: $162,605Net Income 2013: -$14,8772013Revenue 2014: $148,731Expenses 2014: $189,298Net Income 2014: -$40,5672014Revenue 2015: $147,755Expenses 2015: $157,445Net Income 2015: -$9,6902015Revenue 2016: $148,514Expenses 2016: $180,659Net Income 2016: -$32,1452016Revenue 2017: $147,661Expenses 2017: $168,987Net Income 2017: -$21,3262017Revenue 2018: $148,483Expenses 2018: $185,454Net Income 2018: -$36,9712018Revenue 2019: $149,196Expenses 2019: $208,186Net Income 2019: -$58,9902019Revenue 2020: $145,023Expenses 2020: $203,047Net Income 2020: -$58,0242020Revenue 2021: $137,568Expenses 2021: $191,986Net Income 2021: -$54,4182021Revenue 2022: $166,879Expenses 2022: $219,780Net Income 2022: -$52,9012022Revenue 2023: $196,977Expenses 2023: $238,081Net Income 2023: -$41,1042023Revenue 2024: $222,010Expenses 2024: $275,263Net Income 2024: -$53,2532024Revenue 2025: $238,373Expenses 2025: $299,446Net Income 2025: -$61,0732025

Highlighted filing

2025

Revenue$238,373
Expenses$299,446
Net Income-$61,073

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.23$2.11$0.88$0.24$0.30$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.31$2.13$0.82$0.22$0.28$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.54$2.30$0.76$0.20$0.24$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.50$2.23$0.72$0.17$0.22$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.54$2.21$0.67$0.14$0.19$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.52$2.14$0.62$0.15$0.20$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.56$2.12$0.56$0.15$0.21$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.59$2.09$0.50$0.15$0.19$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.61$2.07$0.46$0.15$0.17$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.63$2.07$0.44$0.15$0.18$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.66$2.07$0.41$0.15$0.16$0.01
2014Summary only. Only limited summary data is available for this year.$1.67$2.07$0.40$0.15$0.19$0.04
2013Summary only. Only limited summary data is available for this year.$1.71$2.07$0.36$0.15$0.16$0.01
2012Summary only. Only limited summary data is available for this year.$1.72$2.07$0.34$0.12$0.16$0.03
2011Summary only. Only limited summary data is available for this year.$1.77$2.08$0.31$0.40$0.41$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$238,373
Mission and Program Overview

Mission

The organization operates 40 units of government assisted housing for the elderly and handicapped in carrying out its exempt purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$869,230$819,981▼ $49,249
Savings and Temporary Cash Investments$388,529$367,785▼ $20,744
Prepaid Expenses and Deferred Charges$35,676$30,022▼ $5,654
Cash and Non-Interest-Bearing Accounts$14,555$16,330▲ $1,775
Accounts Receivable$480$287▼ $193
Rtn Earn Endowment Incm Other Fnds$-817,545$-878,618▼ $61,073
Total Assets$1,308,470$1,234,405▼ $74,065
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,052,000$2,052,000→ $0
Other Liabilities$64,584$58,126▼ $6,458
Accounts Payable and Accrued Expenses$9,029$2,483▼ $6,546
Deferred Revenue$402$414▲ $12
Total Liabilities$2,126,015$2,113,023▼ $12,992
Net Assets / Fund Balance
Total Net Assets Fund Balance$-817,545$-878,618▼ $61,073
Total Liabilities and Net Assets / Fund Balance$1,308,470$1,234,405▼ $74,065

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$558,394$1,299,734$1,858,128
Land$252,500-$252,500
Other Land Buildings$9,087$66,942$76,029
Equipment-$8,735$8,735
Compensation and Service Providers

Board Members and Trustees

NameTitle
Loretta HudsonPresident
Ashley Doughty AbleBoard Member
Brandon WelchBoard Member
Gladys Smith-cowardBoard Member
Hal HinchliffeBoard Member
Joe FarrBoard Member
Myra GatlingBoard Member
Pastor Montrell BradleyBoard Member
Patricia GixBoard Member
Cheryl FarmerSecretary-tr
Janet S DurdenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$234,790
Investment Income
$3,583
Other Revenue
$0
Change in Net Assets
$-61,073

Audited Revenue Reconciliation

Revenue per Audited Statements
$238,373
Total Revenue per Audited Statements
$238,373
Total Revenue per Form 990
$238,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$218,320
Salaries, Compensation, and Employee Benefits$81,126
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$61,422--$61,422
Other Salaries and Wages$55,578--$55,578
Depreciation Depletion$49,246--$49,246
Other Employee Benefits$15,974--$15,974
Fees for Services Accounting-$9,060-$9,060
All Other Expenses$6,075--$6,075
Pension Plan Contributions$5,435--$5,435
Other Expenses$5,421$17,568-$5,421
Payroll Taxes$4,139--$4,139
Fees for Services Legal$824--$824
Advertising$11--$11
Total Functional Expenses$272,818$26,628$0$299,446

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$299,446
Total Expenses per Audited Statements$299,446
Total Expenses per Form 990$299,446
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 General Fund$44,252
Tenant Security Deposits$11,836
Due to Passman Plaza Ii$2,038
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Officers review form before filing with the irs.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Passman Plaza Inc
EIN
72-1291568
Phone
3183881500
Address
300 HARRISON STREET, MONROE, LA 71201

Signing Officer

Name
Cheryl Farmer
Title
Secretary-treasurer
Phone
3183881500
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Loretta Hudson
Formed
1994
Legal Domicile
La
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Little & Associates
Address
805 N 31ST ST, MONROE, LA 71201
Preparer
Angela J Bryan CPA
Phone
3183619600
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1113891
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0118033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1113891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22866
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04335
IRS990/PYOtherExpensesAmt0202234
IRS990/PYProgramServiceRevenueAmt0217675
IRS990/PYRevenuesLessExpensesAmt0-53253
IRS990/PYSalariesCompEmpBnftPaidAmt073029
IRS990/PYTotalExpensesAmt0275263
IRS990/PYTotalRevenueAmt0222010
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-61073
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0234790
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-817545
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-878618
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0388529
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0367785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0103815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt092512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt066300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt033491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0296118
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03583
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04335
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0106
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011560
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0667192
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96240
IRS990ScheduleA/PublicSupportPY170Pct00.97300
IRS990ScheduleA/PublicSupportTotal170Amt0296118
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0103815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt092512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt066300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt033491
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0296118
IRS990ScheduleA/TotalSupportAmt0307678
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0558394
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01299734
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01858128
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08735
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08735
IRS990ScheduleD/ExpensesSubtotalAmt0299446
IRS990ScheduleD/LandGrp/BookValueAmt0252500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0252500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09087
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt066942
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt076029
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044252
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111836
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22038
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO GENERAL FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO PASSMAN PLAZA II
IRS990ScheduleD/RevenueSubtotalAmt0238373
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0819981
IRS990ScheduleD/TotalExpensesPerForm990Amt0299446
IRS990ScheduleD/TotalLiabilityAmt058126
IRS990ScheduleD/TotalRevenuePerForm990Amt0238373
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0238373
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0299446
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS REVIEW FORM BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01308470
IRS990/TotalAssetsEOYAmt01234405
IRS990/TotalAssetsGrp/BOYAmt01308470
IRS990/TotalAssetsGrp/EOYAmt01234405
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026628
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0272818
IRS990/TotalFunctionalExpensesGrp/TotalAmt0299446
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02126015
IRS990/TotalLiabilitiesEOYAmt02113023
IRS990/TotalLiabilitiesGrp/BOYAmt02126015
IRS990/TotalLiabilitiesGrp/EOYAmt02113023
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-817545
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-878618
IRS990/TotalProgramServiceExpensesAmt0272818
IRS990/TotalProgramServiceRevenueAmt0234790
IRS990/TotalRevenueGrp/ExclusionAmt03583
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0234790
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0238373
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01308470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01234405
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHERYL FARMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY-TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03183881500
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PASSMAN PLAZA INC
ReturnHeader/Filer/BusinessNameControlTxt0PASS
ReturnHeader/Filer/EIN0721291568
ReturnHeader/Filer/PhoneNum03183881500
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 HARRISON STREET
ReturnHeader/Filer/USAddress/CityNm0MONROE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721389444
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LITTLE & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0805 N 31ST ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONROE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071201
ReturnHeader/PreparerPersonGrp/PhoneNum03183619600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGELA J BRYAN CPA
ReturnHeader/ReturnTs02026-01-15T14:35:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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