2024-02-28T14:47:56-06:00 2023-12-31 720916213 BERNARD & FRANKS CORP OF CPA'S 4141 VETERANS BLVD SUITE 313 METAIRIE LA 700025581 990 2023-01-01 311563638 HUMANITAS INC HUMA 5049433929 4128 FRANKLIN AVENUE NEW ORLEANS LA 70122 BRIDGET VINSON EXECUTIVE DIRECTOR 5049433929 2024-02-17 1 BRIDGET VINSON 999009999 0 JAMES L WHITE P00028819 5048850170 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BRIDGET VINSON 4128 FRANKLIN AVENUE NEW ORLEANS LA 70122 473343 0 X N/A X 1990 LA HUMANITAS, INC. IS A NONPROFIT ORGANIZATION FORMED TO COMBAT COMMUNITY DETERIORATION, IMPLEMENT DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE AND OTHER ASSISTANCE PROGRAMS FOR THE HOMELESS, AND INCREASE THE NUMBER OF SAFE, DECENT AND SANITARY HOUSING UNITS IN THE NEW ORLEANS AREA. 4 4 2 0 0 0 0 0 0 0 1385 402 361049 472941 362434 473343 0 0 0 0 149040 77163 0 0 0 550664 579281 699704 656444 -337270 -183101 3251891 3053607 1256703 1241520 1995188 1812087 X HUMANITAS, INC. IS A NONPROFIT ORGANIZATION FORMED TO COMBAT COMMUNITY DETERIORATION, IMPLEMENT DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE AND OTHER ASSISTANCE PROGRAMS FOR THE HOMELESS, AND INCREASE THE NUMBER OF SAFE AND SANITARY HOUSING UNITS IN THE NEW ORLEANS AREA. 0 0 326864 TO REHABILITATE BLIGHTED HOUSING AND CREATE AFFORDABLE HOUSING FOR LOW INCOME TENANTS. 326864 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 3 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 5049433929 4128 FRANKLIN AVENUE NEW ORLEANS LA 70122 BRIDGET VINSON EXECUTIVE DIRECTOR 3.00 X X 0 0 0 JAMES C WASHINGTON JR PRESIDENT 8.00 X X 0 0 0 OTTO NASH SR VICE-PRESIDENT 8.00 X X 0 0 0 EZELL JACOBS JR SECRETARY-TREASURER 8.00 X X 0 0 0 0 0 0 0 0 0 0 0 402 402 420916 0 420916 420916 420916 INSURANCE PROCEEDS 532000 52025 52025 52025 473343 472941 0 402 67353 67353 4657 4657 5153 5153 19596 19596 24000 24000 60411 26607 33804 91575 91575 35791 35791 PROGRAM EXPENSES 125671 125671 AUTO EXPENSES 101068 101068 ADMINISTRATIVE EXPENSES 42364 42364 OTHER EXPENSES 26908 26908 51897 20312 31585 656444 326864 329580 0 472275 329619 59485 12996 6000 31000 9331 3936495 1717177 2307105 2219318 3942 2842 403084 448501 3251891 3053607 900 996 526685 509466 729118 731058 1256703 1241520 X 1995188 1812087 1995188 1812087 3251891 3053607 -183101 0 X 0 0 0 X 4000 11000 15000 411 45 323388 362433 472941 1159218 5918 344 402 6664 6329 4389 334388 362433 473343 1180882 0 0 0 1180882 6329 4389 334388 362433 473343 1180882 1.00000 0.97010 0.00000 X 232100 232100 3587919 1603648 1984271 116476 113529 2947 2219318 PROPERTIES AVAILABLE FOR SALE 447696 LOAN TO OTHERS 120 UTILITY DEPOSITS 685 448501 SBA LOAN 57500 PREPAID RENT 1653 TENANT DEPOSITS HELD IN TRUST 21522 PREPAID SUBSIDY 2383 SBA EIDL LOAN 648000 731058 BRIGET VINSON TO PROVIDE WORKING CAPITAL FOR OTHER HOUSING INTIATIVES AND OTHER MATTERS X 6000 31000 0 1 1 31000 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED PRIOR TO ITS SUBMISSION WITH THE BOARD OF DIRECTORS. ALL QUESTIONS AND COMMENTS BY THE BOARD OF DIRECTORS REGARDING THE BOARD'S REVIEW OF THE FORM 990 WAS ADDRESSED AND ANSWERED BY MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C ANY OFFICER, DIRECTOR OR TRUSTEE, OR KEY EMPLOYEE IS REQUIRED TO NOTIFY THE BOARD OF ANY CHANGES OR TRANSACTIONS THAT COULD POSE AS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS WILL APPROVE THE COMPENSATION OF THE EXECUTIVE OF THE ORGANIZATION BEFORE THE ACTUAL AMOUNTS OF COMPENSATION OR INCREASES IN COMPENSATION ARE PAID TO THE EXECUTIVE. THE APPROVAL OF THE BOARD WILL NOT INCLUDE ANY INDIVIDUAL WHO IS RECEIVING THE COMPENSATION AND ARE THEREFORE CONFLICTED IN ACCORDANCE WITH ARTICLE V OF THIS POLICY AND THE CONFLICT OF INTEREST POLICY. PRIOR TO MAKING ITS DETERMINATION OF THE AMOUNT OF COMPENSATION AND/OR INCREASES, THE BOARD OF DIRECTORS AND/OR ITS COMMITTEES WILL OBTAIN AND BASE ITS DECISIONS BASED ON APPROPRIATE DATA. TO ESTABLISH A REBUTTABLE PRESUMPTION OF REASONABLENESS (MEANING THE BURDEN OF PROOF THAT THE COMPENSATION IS UNREASONABLE IS ON THE IRS), EXECUTIVE COMPENSATION WILL BE BASED ON INDEPENDENT SURVEYS OF COMPARABILITY DATA. COMPARABLE SALARY INFORMATION CAN BE OBTAINED FROM GUIDE STAR; ECONOMIC RESEARCH INSTITUTE (ERI); SALARIES REVIEW; ABBOTT, LANGER ASSOCIATION SURVEYS; AND OTHER SALARY SURVEY SOURCES THAT SPECIALIZE IN THE NONPROFIT SECTOR. THE BOARD MAY ALSO FACTOR INTO THE COMPENSATION EQUATION, THE RESULTS OF THE ANNUAL EVALUATIONS OF THE EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS MAY BASE ITS REASONING AND BASIS OF ANY EXECUTIVE COMPENSATION DECISIONS ON THE REPORTS OF PROFESSIONALS. THE PROFESSIONAL REPORTS SHOULD INCLUDE DESCRIPTION AND SUMMARIES OF THE SALARY COMPARISON INFORMATION USED TO FORM THE CONCLUSIONS ON THE REPORT AND ADDRESS THE FACTORS OF LIKE SERVICES, ENTERPRISES AND CIRCUMSTANCES DESCRIBED IN THE TAX CODE. THE BOARD OF DIRECTORS AND/OR ITS COMMITTEES WILL ADEQUATELY DOCUMENT THE EXECUTIVE COMPENSATION DETERMINATION PROCESS IN THE MINUTES OF THE BOARD AND WILL INCLUDE REPORTS USED AS ATTACHMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUESTING SUCH DOCUMENTS AT THE OFFICE LOCATED AT 4128 FRANKLIN AVE., NEW ORLEANS, LOUISIANA 70122. THE DOCUMENTS CAN BE REQUESTED BY PHONE AT (504) 943-3929. HUMANITAS MANAGEMENT LLC 4128 FRANKLIN AVENUE NEW ORLEANS LA 70122 202436112 MANAGEMENT OF LOW INCOME HOUSING FACILITIES LA HUMANITAS INC HUMANITAS MANAGEMENT WM LLC 4128 FRANKLIN AVENUE NEW ORLEANS LA 70122 264631988 MANAGEMENT OF LOW INCOME HOUSING FACILITIES LA HUMANITAS INC JOANN PLACE LLC 4128 FRANKLIN AVENUE NEW ORLEANS LA 70122 710946459 LOW INCOME APARTMENT COMPLEX LA 17816 2349883 HUMANITAS INC