1770 Tchoupitoulas Inc
Nonprofit profile at a glance
- EIN
- 832734003
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- New Orleans, LA, USA
- Phone
- 5047084370
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,030,974
- Expenses
- $1,707,748
- Assets
- $11,890,278
- Liabilities
- $124,490
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- VORIS N VIGEE (PRESIDENT/CEO)
- VANESSA LEVINE (EXECUTIVE DIRECTOR)
Highest reported compensation
- MICHAEL W KING (SECRETARY): $868,407 total reported compensation
- VORIS N VIGEE (PRESIDENT/CEO): $410,567 total reported compensation
- VANESSA LEVINE (EXECUTIVE DIRECTOR): $283,077 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is to provide housing related services to those who are in need of affordable housing options. This includes the ownership and operation of the aforementioned location with the provision of housing related services on a nonprofit basis.
What it reported doing in 2024
This project was created to rehabilitate a prior unused historical property into rental options in the greater new orleans area that is affordable to low- and moderate-income families. New market tax credits were used along with state and federal historic tax credits to create a total of 52 units that provide a wonderful home for mixed-income tenants. Both the tax credits and their associated compliance periods have since expired and the property is run by the renaissance neighborhood development corporation (rndc).the project now provides decent housing that is affordable to low and moderate income persons and the organization continues to acquire, own, develop, hold, sell, lease, transfer, exchange(cont'd on schedule o), operate, and manage affordable housing projects.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 60
- Accountability: 71
- Sustainability: 79
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 43.7%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 6.96; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 24.9%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -24.9% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -1% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -5.2% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 2 of 4 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $868K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 8/100.