Civic Intelligence

Open Doors Louisiana Inc.

990 • Fiscal year 2019 • EIN 81-2620437

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 14, 2020

537 Cajundome Blvd Suite 111Lafayette, LA 70506

(337) 735-4553

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.04x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

11.46x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

7th percentile

-44%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

40th percentile

$23,689

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Assets

$3,109,493

No earlier filing loaded for comparison.

Net Assets

-$117,603

No earlier filing loaded for comparison.

Liabilities

$3,227,096

No earlier filing loaded for comparison.

Revenue

$281,646

No earlier filing loaded for comparison.

Expenses

$405,569

No earlier filing loaded for comparison.

Net Income

-$123,923

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2019: $3,109,493Liabilities 2019: $3,227,096Net Assets 2019: -$117,6032019Assets 2020: $3,335,077Liabilities 2020: $3,638,826Net Assets 2020: -$303,7492020Assets 2021: $3,530,610Liabilities 2021: $4,095,700Net Assets 2021: -$565,0902021Assets 2022: $3,556,294Liabilities 2022: $4,267,259Net Assets 2022: -$710,9652022Assets 2023: $3,993,048Liabilities 2023: $4,839,465Net Assets 2023: -$846,4172023

Highlighted filing

2019

Assets$3,109,493
Liabilities$3,227,096
Net Assets-$117,603

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $281,646Expenses 2019: $405,569Net Income 2019: -$123,9232019Revenue 2020: $454,916Expenses 2020: $641,061Net Income 2020: -$186,1452020Revenue 2021: $689,071Expenses 2021: $950,412Net Income 2021: -$261,3412021Revenue 2022: $469,580Expenses 2022: $615,455Net Income 2022: -$145,8752022Revenue 2023: $597,384Expenses 2023: $732,836Net Income 2023: -$135,4522023

Highlighted filing

2019

Revenue$281,646
Expenses$405,569
Net Income-$123,923
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 14, 2020
Return Version
2019v5.0
Gross Receipts
$382,559
Mission and Program Overview

Mission

To economically empower and increase the quality of life for low to moderate income individuals and preserve affordable housing by revitalizing communities through the construction and management of multi-family and single-family housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$2,574,180▲ $2,574,180
Pledges and Grants Receivable$400,000$400,000→ $0
Accounts Receivable$17,961$42,857▲ $24,896
Intangible Assets-$26,220-
Cash and Non-Interest-Bearing Accounts$357$652▲ $295
Total Assets$461,841$3,109,493▲ $2,647,652
Other Assets Total$43,523$65,584▲ $22,061
Liabilities
Mortgage Notes Payable Secured by Investment Property$70,668$2,786,327▲ $2,715,659
Deferred Revenue$384,851$384,851→ $0
Other Liabilities$0$28,536▲ $28,536
Unsecured Notes Loans Payable-$22,144-
Accounts Payable and Accrued Expenses-$5,238-
Total Liabilities$455,519$3,227,096▲ $2,771,577
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,322$-117,603▼ $123,925
Total Net Assets Fund Balance$6,322$-117,603▼ $123,925
Total Liabilities and Net Assets / Fund Balance$461,841$3,109,493▲ $2,647,652

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,181,992$40,407$2,222,399
Land$392,188-$392,188
Compensation and Service Providers

Employees

NameTitleBaseTotal
Stephen W BartleyExecutive Director/CEO$23,689$23,689

Board Members and Trustees

NameTitle
Lynel F Wilson JrPresident
Alonzo T LewisMember
Brent CelestineMember
Keven DavisMember
Royal Hill JrMember
Suzanne P Foster MdSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,090
Program Service Revenue
$229,456
Investment Income
$49,100
Other Revenue
$0
All Other Contributions
$3,090
Change in Net Assets
$-123,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$348,291
Salaries, Compensation, and Employee Benefits$55,058
Grants and Similar Amounts Paid$2,220
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$94,472$1,175-$95,647
Interest$61,890--$61,890
Insurance$39,650$2,635-$42,285
Depreciation Depletion$40,787--$40,787
Other Salaries and Wages-$30,700-$30,700
Current Officers, Directors, Trustees, and Key Employees-$23,689-$23,689
Office Expenses$710$8,719-$9,429
Grants to Domestic Orgs$2,220--$2,220
Conferences and Meetings-$2,204-$2,204
Other Expenses$849$1,299-$2,148
All Other Expenses-$1,004-$1,004
Occupancy-$706-$706
Fees for Services Accounting-$675-$675
Payroll Taxes-$669-$669
Travel-$492-$492
Advertising-$480-$480
Total Functional Expenses$331,122$74,447$0$405,569
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
Bb Credit Card Payble$22,486
Other$4,500
Payroll Taxes Payable$1,550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 11B

A digital copy of the return is distributed to board members for review before filing the return.

Form 990, Part VI, Section C, Line 18

Copies of 990s are available upon request.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Open Doors Louisiana Inc
EIN
81-2620437
Phone
3377354553
Address
537 CAJUNDOME BLVD SUITE 111, LAFAYETTE, LA 70506
Doing Business As
THE ORGANIZATION'S NAME WAS CHANGED WITH THE LOUISIANA SECRETARY

Signing Officer

Name
Stephen Bartley
Title
Executive Director/CEO
Phone
3377354553
Signed
2020-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Bartley
Formed
2014
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
0

Preparer

Firm
Broussard Poche Llp
Address
PO BOX 61400, LAFAYETTE, LA 70596-1400
Preparer
Lonnie J Hebert
Phone
3379884930
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Acquired $2.6 million appartment complex used to provide multi-family and single-family housing

Form 990, Part IX, Line 11G

Fees: program service expenses 1,200. Management and general expenses 1,175. Fundraising expenses 0. Total expenses 2,375. Professional services: program service expenses 13,507. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,507. Labor: program service expenses 79,765. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,765.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0232559
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0232559
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02181992
IRS990ScheduleD/BuildingsGrp/DepreciationAmt040407
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02222399
IRS990ScheduleD/LandGrp/BookValueAmt0392188
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0392188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022486
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BB CREDIT CARD PAYBLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02574180
IRS990ScheduleD/TotalLiabilityAmt028536
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACQUIRED $2.6 MILLION APPARTMENT COMPLEX USED TO PROVIDE MULTI-FAMILY AND SINGLE-FAMILY HOUSING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DIGITAL COPY OF THE RETURN IS DISTRIBUTED TO BOARD MEMBERS FOR REVIEW BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF 990S ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FEES: PROGRAM SERVICE EXPENSES 1,200. MANAGEMENT AND GENERAL EXPENSES 1,175. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,375. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 13,507. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,507. LABOR: PROGRAM SERVICE EXPENSES 79,765. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,765.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0OPEN DOORS LOUISIANA INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LAGNIAPPE INVESTMENT FUND LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0842119664
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt02660000
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0OWNS RENTAL REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0204777
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0537 CAJUNDOME BLVD SUITE 111
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0LAFAYETTE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd070506
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0461841
IRS990/TotalAssetsEOYAmt03109493
IRS990/TotalAssetsGrp/BOYAmt0461841
IRS990/TotalAssetsGrp/EOYAmt03109493
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03090
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074447
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0331122
IRS990/TotalFunctionalExpensesGrp/TotalAmt0405569
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0455519
IRS990/TotalLiabilitiesEOYAmt03227096
IRS990/TotalLiabilitiesGrp/BOYAmt0455519
IRS990/TotalLiabilitiesGrp/EOYAmt03227096
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06322
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-117603
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt017301
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt017301
IRS990/TotalProgramServiceExpensesAmt0331122
IRS990/TotalProgramServiceRevenueAmt0229456
IRS990/TotalReportableCompFromOrgAmt023689
IRS990/TotalRevenueGrp/ExclusionAmt013
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0278543
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0281646
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0461841
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03109493
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0492
IRS990/TravelGrp/TotalAmt0492
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt022144
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0218 MARTIN OAKS DR
IRS990/USAddress/CityNm0LAFAYETTE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070501
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN BARTLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03377354553
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPEN DOORS LOUISIANA INC
ReturnHeader/Filer/BusinessNameControlTxt0OPEN
ReturnHeader/Filer/EIN0812620437
ReturnHeader/Filer/PhoneNum03377354553
ReturnHeader/Filer/USAddress/AddressLine1Txt0537 CAJUNDOME BLVD SUITE 111
ReturnHeader/Filer/USAddress/CityNm0LAFAYETTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070506
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D164E0CE92F8E7AA3FE12B9783899D5F5F9307DE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0866E4EAB591A40F1C7AE6BB018E9F599A2F3C1C2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

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