2024-11-13T15:11:27-05:00 2023-12-31 591152714 BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC 8035 SPYGLASS HILL RD MELBOURNE FL 329407984 990 2023-01-01 200470082 CRESCENT AFFORDABLE HOUSING CORP CRES 5046703300 4100 TOURO STREET NEW ORLEANS LA 701223143 STACY JACKSON DIRECTOR 5046703261 2024-11-15 true true ABBEY K REDDEN CPA P00189512 3217572020 2024-11-07 2023 2024-10-15 13:58:12Z STACY JACKSON 4100 TOURO STREET NEW ORLEANS LA 70122 5182 false X WWW.HANO.ORG X 2003 LA PARTICIPATE IN DEVELOPMENT OF AFFORDABLE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME. 2 1 0 0 0 0 5739 5182 0 5739 5182 0 0 0 0 0 1277681 672270 1277681 672270 -1271942 -667088 -1560567 -2475265 1232469 982358 -2793036 -3457623 X TO PARTICIPATE IN THE DEVELOPMENT OF HOUSING THAT IS AFFORDABLE TO PERSONS OF LOW AND MODERATE INCOME. false false SUMMER YOUTH EMPLOYMENT PROGRAM FOR YOUTH AGES 14-21 WAS IMPLEMENTED TO PROVIDE SUMMER EMPLOYMENT OPPORTUNITIES TO RESIDENTS ASSISTED BY THE HOUSING AUTHORITY OF NEW ORLEANS (HANO).THE PROGRAM IS DESIGNED TO PROVIDE YOUTH A POSITIVE AND ENGAGING WORK EXPERIENCE THAT INCLUDES LIFE SKILLS TRAINING WHILE CONNECTING THEM TO COMMUNITY LEADERS, BUSINESS OWNERS AND OTHER STAKEHOLDERS. THE PROGRAM COVERS AN EIGHT-WEEK PERIOD WITH THE WORK WEEK NOT TO EXCEED 25 HOURS. THE PROGRAM EMPLOYS YOUTH WORKING IN AREAS OF INTEREST SUCH AS LAW, MEDICINE, MENTAL AND PHYSICAL HEALTH, NON- PROFIT ORGANIZATIONS SUCH AS BROADMOOR AND CAF RECONCILE AND THE LOCAL HUD OFFICE. THE 14-15 YEAR OLD STUDENTS WERE ALSO ENROLLED IN THE SIX-WEEK MODELS FOR SUCCESS PROGRAM HOSTED AT DILLARD UNIVERSITY. STUDENTS IN THE PROGRAM ARE EXPOSED TO CAREER EXPLORATION AND FINANCIAL LITERACY, HEALTHY LIFESTYLES, CREATIVE WRITING AND THE ARTS, AS WELL AS FOREIGN LANGUAGE. 649755 INVESTMENT AS GENERAL PARTNER IN LOW INCOME HOUSING PARTNERSHIP PROJECTS 649755 true false false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 2 1 false false false false true true true true true false false true false false false false false true true LA X STACY JACKSON 5046703300 4100 TOURO STREET NEW ORLEANS LA 70122 STACY JACKSON DIRECTOR 1.00 40.00 X 0 184683 11141 CYNTHIA WIGGINS DIRECTOR 1.00 X 0 0 0 184683 11141 false true false 5182 5182 5182 5182 22500 22500 GAIN/(LOSS) ON INVESTMENT 649755 649755 OTHER MISC ADMIN EXPENSES 15 15 672270 649755 22515 0 2447142 2182199 1678550 1678550 54053 54053 -6337601 -6987356 651342 651342 -1560567 -2475265 10691 10690 1221778 971668 1232469 982358 X -2793036 -3457623 -2793036 -3457623 -1560567 -2475265 X -667088 2501 X false true X true false X X 1 HOUSING AUTHORITY OF NEW ORLEANS HOUSING AUTHORITY OF NEW ORLEANS 726000536 6 true 0 0 1 0 false false false false false false false false false false false false false false false true false PART IV, SECTION A, LINE 1 THE CORPORATION IS INCORPORATED UNDER THE LOUISIANA NONPROFIT CORPORATION LAW EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, PARTICULARLY TO PARTICIPATE IN THE DEVELOPMENT OF HOUSING THAT IS AFFORDABLE TO PERSONS OF LOW AND MODERATE INCOME. THE CORPORATION SHALL HAVE ONE MEMBER. THE SOLE MEMBER SHALL BE THE HOUSING AUTHORITY OF NEW ORLEANS. MEMBERSHIP IN THE CORPORATION IS NOT TRANSFERABLE. 54053 54053 FISCHER I LLC -487 GUSTE HOMES III LLC -958 FISCHER III LLC -1331152 GUSTE I LLC -5654759 -6987356 DUE FROM RELATED PARTY 971668 971668 X SCHEDULE D, PAGE 3, PART X CAHC HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND NOT A PRIVATE FOUNDATION. THEREFORE, IT IS GENERALLY NOT SUBJECT TO INCOME TAX. CAHC IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) IF INCOME IS EARNED WHICH DOES NOT RELATE TO ITS NONPROFIT PURPOSE. THERE HAS BEEN NO UBIT RECORDED IN THE FINANCIALS FOR THE YEAR ENDED DECEMBER 31, 2023. LUNE D-OR AND PLACE D'GENESIS HAVE ELECTED TO BE TREATED AS PASS-THROUGH ENTITIES FOR INOCME TAX PURPOSES AND, AS SUCH, ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO CAHC AND THE OTHER OWNERS OF THE CONSOLIDATED ENTITIES. LUNE D-OR AND PLACE D'GENESIS' FEDERAL TAX STATUS AS PASS-THROUGH ENTITIES IS BASED ON THEIR LEGAL STATUS AS SINGLE-MEMBER LIMITED LIABILITY COMPANIES. ACCORDINGLY, NEITHER ENTITY IS REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS PASS-THROUGH ENTITIES. GUSTE HOMES III, LLC AND THE THREE LIMITED LIABILITY COMPANIES INCUDED IN LUNE D-OR ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDIGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THERE ARE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. false false false false false false false false false STACY JACKSON DIRECTOR 184683 11141 195824 FORM 990, PAGE 2, PART III, LINE 4A SUMMER YOUTH EMPLOYMENT PROGRAM FOR YOUTH AGES 14-21 WAS IMPLEMENTED TO PROVIDE SUMMER EMPLOYMENT OPPORTUNITIES TO RESIDENTS ASSISTED BY THE HOUSING AUTHORITY OF NEW ORLEANS (HANO).THE PROGRAM IS DESIGNED TO PROVIDE YOUTH A POSITIVE AND ENGAGING WORK EXPERIENCE THAT INCLUDES LIFE SKILLS TRAINING WHILE CONNECTING THEM TO COMMUNITY LEADERS, BUSINESS OWNERS AND OTHER STAKEHOLDERS. THE PROGRAM COVERS AN EIGHT-WEEK PERIOD WITH THE WORK WEEK NOT TO EXCEED 25 HOURS. THE PROGRAM EMPLOYS YOUTH WORKING IN AREAS OF INTEREST SUCH AS LAW, MEDICINE, MENTAL AND PHYSICAL HEALTH, NON- PROFIT ORGANIZATIONS SUCH AS BROADMOOR AND CAF RECONCILE AND THE LOCAL HUD OFFICE. THE 14-15 YEAR OLD STUDENTS WERE ALSO ENROLLED IN THE SIX-WEEK MODELS FOR SUCCESS PROGRAM HOSTED AT DILLARD UNIVERSITY. STUDENTS IN THE PROGRAM ARE EXPOSED TO CAREER EXPLORATION AND FINANCIAL LITERACY, HEALTHY LIFESTYLES, CREATIVE WRITING AND THE ARTS, AS WELL AS FOREIGN LANGUAGE. FORM 990, PAGE 6, PART VI, LINE 6 THE HOUSING AUTHORITY OF NEW ORLEANS IS THE SOLE MEMBER AND IS EXEMPT FROM FEDERAL INCOME TAX AS A GOVERNMENTAL ENTITY. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF TRUSTEES OF THE HOUSING AUTHORITY OF NEW ORLEANS, AS SOLE MEMBER OF CRESCENT AFFORDABLE HOUSING CORPORATION, HAS AUTHORITY OVER CRESCENT AFFORDABLE HOUSING CORPORATION IN VARIOUS ASPECTS OF OPERATIONS AND MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 7B SAME AS LINE 7A FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE CFO AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE MEMBER PRIOR TO THE FORM 990 BEING FILED. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY BUT IT MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 PRIOR PERIOD ADJUSTMENT 2,501 LUNE D-OR ENTERPRISES LLC 4100 TOURO STREET NEW ORLEANS LA 70122 753148783 HOUSING LA -1231989 23499131 CAHC PLACE D'GENESIS 4100 TOURO STREET NEW ORLEANS LA 70122 HOUSING LA 25353 CAHC HOUSING AUTHORITY OF NEW ORLEANS 4100 TOURO ST NEW ORLEANS LA 70122 726000536 HOUSING LA NA false FISCHER I LLC 4100 TOURO ST NEW ORLEANS LA 70122 753148786 HOUSING LA N/A -31 175995 false false FISCHER III LLC 4100 TUORO ST NEW ORLEANS LA 70122 200522007 HOUSING LA N/A -126 -241046 false false GUSTE I LLC 4100 TUORO ST NEW ORLEANS LA 70122 200522041 HOUSING LA N/A -649425 -5652820 true false GUSTE HOMES III LLC 4100 TUORO ST NEW ORLEANS LA 70122 800934068 HOUSING LA N/A -173 3985492 false false false false false false false false false false false false false false false false false false false false false