Village du Techa Apts

Analysis

Village du Techa Apts is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Village du Techa Apts reported income of $202k and spending of $227k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $130k to $202k (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village du Techa Apts sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include Plymouth Bay Housing Corporation ($202k), Cedar Creek Housing Inc ($203k) and Rosehill Housing Development Fund Corporation ($202k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 35% of the total. Other salaries and wages came to $18k. At year end it held assets of $519k against liabilities of $23k, net assets of $496k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.