Civic Intelligence

2112 Holdings Inc

990 • Fiscal year 2023 • EIN 87-1121072

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 24, 2025

1514 Jefferson Hwy Bh 546New Orleans, LA 70121

(504) 842-4097

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.10x

Higher debt load relative to revenue than 34% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Source year 2023

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2023 filings • $25M-$50M nonprofits • Source year 2023

Asset Growth

14th percentile

-4.6%

Faster asset growth than 14% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

4.2%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$41,616,389

Down $2,012,781 (-4.6%) from 2022

Net Assets

Down

$41,316,544

Down $2,020,996 (-4.7%) from 2022

Liabilities

Up

$299,845

Up $8,215 (+2.8%) from 2022

Revenue

Up

$2,944,560

Up $120,022 (+4.2%) from 2022

Expenses

Up

$1,985,489

Up $4,785 (+0.2%) from 2022

Net Income

Up

$959,071

Up $115,237 (+14%) from 2022

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2021: $46,034,749Liabilities 2021: $173,633Net Assets 2021: $45,861,1162021Assets 2022: $43,629,170Liabilities 2022: $291,630Net Assets 2022: $43,337,5402022Assets 2023: $41,616,389Liabilities 2023: $299,845Net Assets 2023: $41,316,5442023Assets 2024: $39,848,986Liabilities 2024: $299,845Net Assets 2024: $39,549,1412024

Highlighted filing

2023

Assets$41,616,389
Liabilities$299,845
Net Assets$41,316,544

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2021: $1,819,264Expenses 2021: $1,257,549Net Income 2021: $561,7152021Revenue 2022: $2,824,538Expenses 2022: $1,980,704Net Income 2022: $843,8342022Revenue 2023: $2,944,560Expenses 2023: $1,985,489Net Income 2023: $959,0712023Revenue 2024: $2,944,560Expenses 2024: $1,985,260Net Income 2024: $959,3002024

Highlighted filing

2023

Revenue$2,944,560
Expenses$1,985,489
Net Income$959,071
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 24, 2025
Return Version
2023v6.0
Gross Receipts
$2,944,560
Mission and Program Overview

Mission

None. There is no board adopted mission statement.

Holds title to real estate & performs real estate transactions for its tax-exempt shareholders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,646,650$40,879,248▼ $1,767,402
Cash and Non-Interest-Bearing Accounts$982,520$737,141▼ $245,379
Total Assets$43,629,170$41,616,389▼ $2,012,781
Liabilities
Other Liabilities$245,380$245,380→ $0
Accounts Payable and Accrued Expenses$46,250$54,465▲ $8,215
Total Liabilities$291,630$299,845▲ $8,215
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,337,540$41,316,544▼ $2,020,996
Total Net Assets Fund Balance$43,337,540$41,316,544▼ $2,020,996
Total Liabilities and Net Assets / Fund Balance$43,629,170$41,616,389▼ $2,012,781

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$38,312,828$2,645,205$40,958,033
Equipment$2,566,420$1,920,584$4,487,004
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joan CoffmanCEO-sths, Director, Chair
Peter C NovemberCEO-ocf, Director, President
James CoreDirector
James E MaurinDirector
John EvansDirector
Thomas Duncan DavisDirector
Timothy L Riddell MdDirector
Michael F HulefeldDirector, Secretary/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,944,560
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$959,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,985,489
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
Depreciation Depletion---$1,767,402
Occupancy---$217,859
Fees for Services Legal---$228
Total Functional Expenses$0$0$0$1,985,489
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$245,380
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Classes of members or stockholders: the organization's shareholders are ochsner clinic foundation, a 501(c)(3) organization and st. Tammany parish hospital service district no. 1 d/b/a st. Tammany health system, a section 115 exempt entity.

Form 990, Part VI, Section A, Line 7A

Members or stockholders electing members of governing body: the board of directors are appointed by the shareholders. Each shareholder shall appoint 4 directors.

Form 990, Part VI, Section A, Line 7B

Decisions requiring approval by members or stockholders: the shareholders may elect and/or remove officers and directors.

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

Review of form 990 by governing body: one or more members of senior management review the return. The return is also reviewed by ernst & young us, llp, the company's tax advisors. A copy of the return is then provided to each member of the board of directors electronically and comments are solicited from the entire board.

Form 990, Part VI, Section B, Line 12

Conflict of interest policy: though there is no written conflict of interest policy, all board members and officers complete conflict of interest disclosures. The conflict of interest program administrator reviews disclosures and determines whether action is necessary or if the disclosure needs to be reviewed by the conflict of interest steering committee.

Form 990, Part VI, Section C, Line 19

All governing documents, financial statements, and forms 990 and 990-t are available upon written request to the treasurer of the organization.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Joan coffman - 1202 s. Tyler st, covington, la 70433. James core - 1202 s. Tyler st, covington, la 70433. Thomas duncan davis - 1202 s. Tyler st, covington, la 70433. John evans - 1202 s. Tyler st, covington, la 70433.

Filing and Contact Details

Filer

Filer Name
2112 Holdings Inc
EIN
87-1121072
Phone
5048424097
Address
1514 JEFFERSON HWY BH 546, NEW ORLEANS, LA 70121

Signing Officer

Name
Michael F Hulefeld
Title
Secretary/treasurer
Phone
5048424097
Signed
2025-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter C November
Formed
2021
Legal Domicile
La
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
425 HOUSTON ST 600, FORT WORTH, TX 76102
Preparer
Melva Scott
Phone
8173351900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Contributed property by shareholders -2,980,067.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLASSES OF MEMBERS OR STOCKHOLDERS: THE ORGANIZATION'S SHAREHOLDERS ARE OCHSNER CLINIC FOUNDATION, A 501(C)(3) ORGANIZATION AND ST. TAMMANY PARISH HOSPITAL SERVICE DISTRICT NO. 1 D/B/A ST. TAMMANY HEALTH SYSTEM, A SECTION 115 EXEMPT ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OR STOCKHOLDERS ELECTING MEMBERS OF GOVERNING BODY: THE BOARD OF DIRECTORS ARE APPOINTED BY THE SHAREHOLDERS. EACH SHAREHOLDER SHALL APPOINT 4 DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS REQUIRING APPROVAL BY MEMBERS OR STOCKHOLDERS: THE SHAREHOLDERS MAY ELECT AND/OR REMOVE OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW OF FORM 990 BY GOVERNING BODY: ONE OR MORE MEMBERS OF SENIOR MANAGEMENT REVIEW THE RETURN. THE RETURN IS ALSO REVIEWED BY ERNST & YOUNG US, LLP, THE COMPANY'S TAX ADVISORS. A COPY OF THE RETURN IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS ELECTRONICALLY AND COMMENTS ARE SOLICITED FROM THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST POLICY: THOUGH THERE IS NO WRITTEN CONFLICT OF INTEREST POLICY, ALL BOARD MEMBERS AND OFFICERS COMPLETE CONFLICT OF INTEREST DISCLOSURES. THE CONFLICT OF INTEREST PROGRAM ADMINISTRATOR REVIEWS DISCLOSURES AND DETERMINES WHETHER ACTION IS NECESSARY OR IF THE DISCLOSURE NEEDS TO BE REVIEWED BY THE CONFLICT OF INTEREST STEERING COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORMS 990 AND 990-T ARE AVAILABLE UPON WRITTEN REQUEST TO THE TREASURER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6JOAN COFFMAN - 1202 S. TYLER ST, COVINGTON, LA 70433. JAMES CORE - 1202 S. TYLER ST, COVINGTON, LA 70433. THOMAS DUNCAN DAVIS - 1202 S. TYLER ST, COVINGTON, LA 70433. JOHN EVANS - 1202 S. TYLER ST, COVINGTON, LA 70433.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRIBUTED PROPERTY BY SHAREHOLDERS -2,980,067.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041616389
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01514 JEFFERSON HWY BH 546
IRS990/USAddress/CityNm0NEW ORLEANS
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070121
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL F HULEFELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05048424097
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt02112 HOLDINGS INC
ReturnHeader/Filer/BusinessNameControlTxt02112
ReturnHeader/Filer/EIN0871121072
ReturnHeader/Filer/PhoneNum05048424097
ReturnHeader/Filer/USAddress/AddressLine1Txt01514 JEFFERSON HWY BH 546
ReturnHeader/Filer/USAddress/CityNm0NEW ORLEANS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070121
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0346565596
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0425 HOUSTON ST 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT WORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076102
ReturnHeader/PreparerPersonGrp/PhoneNum08173351900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELVA SCOTT
ReturnHeader/ReturnTs02025-01-24T15:38:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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