Pontchartrain Housing Corp II

Analysis

Pontchartrain Housing Corp II is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in July 2001, 25 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 2023, Pontchartrain Housing Corp II reported income of $2.1m and spending of $2.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.1m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pontchartrain Housing Corp II sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Parkview Village Christian Care Inc ($2.1m), Mhany 1999 II Housing Development Fund Corp ($2.1m) and Home Opportunities Made Easy Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11.1m against liabilities of $5.6m, net assets of $5.5m.