Civic Intelligence

Felicity Street Redevelopment Inc.

990 • Fiscal year 2014 • EIN 72-1421721

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 31, 2015

1139 Oretha C Haley BlvdNew Orleans, LA 70113

(504) 581-3701

Siviq Scores

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

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

68th percentile

15%

Faster asset growth than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

70%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$386,675

Up $51,517 (+15%) from 2013

Net Assets

Up

$375,850

Up $55,549 (+17%) from 2013

Liabilities

Down

$10,825

Down $4,032 (-27%) from 2013

Revenue

Up

$134,205

Up $55,379 (+70%) from 2013

Expenses

Up

$78,656

Up $885 (+1.1%) from 2013

Net Income

Up

$55,549

Up $54,494 (+5165%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $794,745Liabilities 2010: $256,032Net Assets 2010: $538,7132010Assets 2011: $635,666Liabilities 2011: $303,021Net Assets 2011: $332,6452011Assets 2012: $583,329Liabilities 2012: $258,030Net Assets 2012: $325,2992012Assets 2013: $335,158Liabilities 2013: $14,857Net Assets 2013: $320,3012013Assets 2014: $386,675Liabilities 2014: $10,825Net Assets 2014: $375,8502014Assets 2015: $447,500Liabilities 2015: $55,472Net Assets 2015: $392,0282015Assets 2016: $447,778Liabilities 2016: $62,561Net Assets 2016: $385,2172016Assets 2017: $432,998Liabilities 2017: $73,838Net Assets 2017: $359,1602017Assets 2018: $526,611Liabilities 2018: $3,500Net Assets 2018: $523,1112018Assets 2019: $593,481Liabilities 2019: $45,217Net Assets 2019: $548,2642019Assets 2020: $524,398Liabilities 2020: $3,844Net Assets 2020: $520,5542020Assets 2021: $1,338,681Liabilities 2021: $127,094Net Assets 2021: $1,211,5872021Assets 2022: $1,138,961Liabilities 2022: $4,439Net Assets 2022: $1,134,5222022Assets 2023: $1,113,606Liabilities 2023: $2,125Net Assets 2023: $1,111,4812023Assets 2024: $908,394Liabilities 2024: $0Net Assets 2024: $908,3942024

Highlighted filing

2014

Assets$386,675
Liabilities$10,825
Net Assets$375,850

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $37,820Expenses 2010: $43,418Net Income 2010: -$5,5982010Revenue 2011: $47,267Expenses 2011: $36,260Net Income 2011: $11,0072011Revenue 2012: $56,761Expenses 2012: $64,107Net Income 2012: -$7,3462012Revenue 2013: $78,826Expenses 2013: $77,771Net Income 2013: $1,0552013Revenue 2014: $134,205Expenses 2014: $78,656Net Income 2014: $55,5492014Revenue 2015: $104,468Expenses 2015: $88,290Net Income 2015: $16,1782015Revenue 2016: $74,709Expenses 2016: $81,520Net Income 2016: -$6,8112016Revenue 2017: $47,962Expenses 2017: $74,019Net Income 2017: -$26,0572017Revenue 2018: $318,929Expenses 2018: $154,978Net Income 2018: $163,9512018Revenue 2019: $78,325Expenses 2019: $53,172Net Income 2019: $25,1532019Revenue 2020: $6,249Expenses 2020: $33,959Net Income 2020: -$27,7102020Revenue 2021: $800,690Expenses 2021: $109,657Net Income 2021: $691,0332021Revenue 2022: $1,380Expenses 2022: $80,400Net Income 2022: -$79,0202022Revenue 2023: $15,663Expenses 2023: $38,704Net Income 2023: -$23,0412023Revenue 2024: $13,815Expenses 2024: $216,902Net Income 2024: -$203,0872024

Highlighted filing

2014

Revenue$134,205
Expenses$78,656
Net Income$55,549
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 31, 2015
Return Version
2014v5.0
Gross Receipts
$242,440
Mission and Program Overview

Mission

This project was created to revitalize thirty nine blocks of new orleans' central city national historic district. Continued on schedule o

To revitalize, by preserving and renovating a portion of the central city of new orleans

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$274,347$348,091▲ $73,744
Cash and Non-Interest-Bearing Accounts$60,811$38,584▼ $22,227
Total Assets$335,158$386,675▲ $51,517
Liabilities
Unsecured Notes Loans Payable$13,168$7,348▼ $5,820
Other Liabilities$1,689$3,477▲ $1,788
Total Liabilities$14,857$10,825▼ $4,032
Net Assets / Fund Balance
Unrestricted Net Assets$320,301$375,850▲ $55,549
Total Net Assets Fund Balance$320,301$375,850▲ $55,549
Total Liabilities and Net Assets / Fund Balance$335,158$386,675▲ $51,517

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$153,174$2,665$155,839
Buildings$135,567-$135,567
Land$59,350-$59,350
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$71,132
Program Service Revenue
$0
Investment Income
$50,131
Other Revenue
$12,942
All Other Contributions
$36,969
Change in Net Assets
$55,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$42,868
Other Expenses$35,788
Total Fundraising Expense$9,357
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,825$12,688$7,137$39,650
Fees for Services Other$3,945$2,524$1,420$7,889
Insurance$3,438--$3,438
Payroll Taxes$1,609$1,030$579$3,218
Occupancy-$2,059-$2,059
Office Expenses$1,130$830-$1,960
Fees for Services Accounting-$1,890-$1,890
Interest$1,126--$1,126
Other Expenses$650--$650
Information Technology-$360-$360
Advertising--$131$131
All Other Expenses-$16$90$106
Total Functional Expenses$47,902$21,397$9,357$78,656
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,332
Fundraising Gross Income$3,600
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Party/auction$37,763$3,600$4,332$-732
Total Events$37,763$3,600$4,332$-732
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$2,227
Tenant Deposits$1,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 B, Line 11

We will provide a copy of the 2014 form 990 to each board member before it is filed.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Felicity Redevelopment Inc
EIN
72-1421721
Phone
5045813701
Address
1139 ORETHA C HALEY BLVD, NEW ORLEANS, LA 70113

Signing Officer

Name
Christel Kelley
Title
Treasurer
Phone
5045813701
Signed
2015-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louise Martin
Formed
1998
Legal Domicile
La
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
20

Preparer

Firm
The Poole Group Cpas LLC
Address
711 AURORA AVENUE, METAIRIE, LA 70005
Preparer
Mary E Poole
Phone
5048281259
Supplemental Narrative

Additional Explanations

Part III, Question 1 - Statement of Program Service Accomplishments

The organization plans to achieve this goal by building upon the existing assets of this historic neighborhood; by preserving and renovating the remaining 19th century buildings; by attracting new homeowners and small scale commercial enterprises to the area; and by working with current residents and property owners to reinforce and improve the residential quality of the neighborhood. Its main source of funding is through contributions and donations from interested and concerned citizens. Work is done daily with residents and business people to maintain a vibrant and sustainable neighborhood in this central city area through the formulation of a master plan for revitalization. The organization will operate a revolving fund for the purchase of endangered housing stock; it acquires blighted houses and returns them to productive use; it provides resources for renovation of neglected properties to homeowners and residents; and it helps potential homeowners locate property in the neighborhood. As part of the efforts to revitalize this area, felicity redevelopment inc. Has secured the designation of this historic neighborhood as an official project of save america's treasures. Save america's treasures is a national effort focused on protecting america's threatened cultural treasures. It is dedicated to the celebration and preservation of america's priceless historic legacy and works to recognize and rescue the enduring symbols of american tradition that define us as a nation.

Form 990, Part IX, Line 11G

Contract labor: program service expenses 3,945. Management and general expenses 2,524. Fundraising expenses 1,420. Total expenses 7,889.

Raw XML AppendixShowing 400 of 434 raw XML fields

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/ProgSrvcAccomActy2Grp/Desc0CIVIL RIGHTS CORRIDOR PROJECT: IN 1957, LEADERS OF THE CIVIL RIGHTS MOVEMENT CAME TOGETHER IN NEW ORLEANS TO FORM THE SOUTHERN CHRISTIAN LEADERSHIP CONFERENCE (SCLC). MARTIN LUTHER KING, JR. AND OTHER ORGANIZERS WERE DETERMINED TO COORDINATE A NONVIOLENT DIRECT ACTION AS A METHOD OF DESEGREGATING BUS SYSTEMS ACROSS THE SOUTH AND EVENTUALLY TAKING ON WIDER ISSUES. THE TULANE REGIONAL URBAN DESIGN CENTER (TRUDC) AND FELICITY REDEVELOPMENT, INC. ARE WORKING WITH OTHER COMMUNITY MEMBERS TO CREATE AN INTERPRETIVE CENTER TO COMMEMORATE THE SIGNIFICANCE OF THIS AND OTHER CIVIL RIGHTS ACTIONS THAT WERE PLANNED OR CARRIED OUT IN NEW ORLEANS AND WHICH INFLUENCED THE DIRECTION OF THE WIDER CIVIL RIGHTS MOVEMENT.
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IRS990ScheduleA/PublicSupportPY509Pct00.94000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt010000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt096278
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt037548
IRS990ScheduleA/Total509Grp/TotalAmt0413714
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0135567
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0135567
IRS990ScheduleD/LandGrp/BookValueAmt059350
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt059350
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0153174
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02665
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0155839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0348091
IRS990ScheduleD/TotalLiabilityAmt03477
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt034163
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PLANS TO ACHIEVE THIS GOAL BY BUILDING UPON THE EXISTING ASSETS OF THIS HISTORIC NEIGHBORHOOD; BY PRESERVING AND RENOVATING THE REMAINING 19TH CENTURY BUILDINGS; BY ATTRACTING NEW HOMEOWNERS AND SMALL SCALE COMMERCIAL ENTERPRISES TO THE AREA; AND BY WORKING WITH CURRENT RESIDENTS AND PROPERTY OWNERS TO REINFORCE AND IMPROVE THE RESIDENTIAL QUALITY OF THE NEIGHBORHOOD. ITS MAIN SOURCE OF FUNDING IS THROUGH CONTRIBUTIONS AND DONATIONS FROM INTERESTED AND CONCERNED CITIZENS. WORK IS DONE DAILY WITH RESIDENTS AND BUSINESS PEOPLE TO MAINTAIN A VIBRANT AND SUSTAINABLE NEIGHBORHOOD IN THIS CENTRAL CITY AREA THROUGH THE FORMULATION OF A MASTER PLAN FOR REVITALIZATION. THE ORGANIZATION WILL OPERATE A REVOLVING FUND FOR THE PURCHASE OF ENDANGERED HOUSING STOCK; IT ACQUIRES BLIGHTED HOUSES AND RETURNS THEM TO PRODUCTIVE USE; IT PROVIDES RESOURCES FOR RENOVATION OF NEGLECTED PROPERTIES TO HOMEOWNERS AND RESIDENTS; AND IT HELPS POTENTIAL HOMEOWNERS LOCATE PROPERTY IN THE NEIGHBORHOOD. AS PART OF THE EFFORTS TO REVITALIZE THIS AREA, FELICITY REDEVELOPMENT INC. HAS SECURED THE DESIGNATION OF THIS HISTORIC NEIGHBORHOOD AS AN OFFICIAL PROJECT OF SAVE AMERICA'S TREASURES. SAVE AMERICA'S TREASURES IS A NATIONAL EFFORT FOCUSED ON PROTECTING AMERICA'S THREATENED CULTURAL TREASURES. IT IS DEDICATED TO THE CELEBRATION AND PRESERVATION OF AMERICA'S PRICELESS HISTORIC LEGACY AND WORKS TO RECOGNIZE AND RESCUE THE ENDURING SYMBOLS OF AMERICAN TRADITION THAT DEFINE US AS A NATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE WILL PROVIDE A COPY OF THE 2014 FORM 990 TO EACH BOARD MEMBER BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT LABOR: PROGRAM SERVICE EXPENSES 3,945. MANAGEMENT AND GENERAL EXPENSES 2,524. FUNDRAISING EXPENSES 1,420. TOTAL EXPENSES 7,889.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, QUESTION 1 - STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt01
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021397
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0134205
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IRS990/TotalVolunteersCnt020
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt013168
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt07348
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01139 ORETHA C HALEY BLVD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.01$0.22$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.02$0.04$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.13$0.00$0.08$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.13$1.21$0.80$0.11$0.69
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.01$0.03$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.59$0.05$0.55$0.08$0.05$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.52$0.32$0.15$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.43$0.07$0.36$0.05$0.07$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.06$0.39$0.07$0.08$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.06$0.39$0.10$0.09$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.01$0.38$0.13$0.08$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.32$0.08$0.08$0.00
2012Summary only. Only limited summary data is available for this year.$0.58$0.26$0.33$0.06$0.06$0.01
2011Summary only. Only limited summary data is available for this year.$0.64$0.30$0.33$0.05$0.04$0.01
2010Summary only. Only limited summary data is available for this year.$0.79$0.26$0.54$0.04$0.04$0.01