2024-02-14T14:52:54-06:00 2022-12-31 721396621 CARR RIGGS & INGRAM LLC 111 VETERANS BLVD SUITE 350 METAIRIE LA 70005 990 2022-01-01 474119478 GCHP-LA CHDO INC GCHP 5045252505 1626 ORETHA HALEY BLVD A NEW ORLEANS LA 70113 KATHLEEN F LABORDE PRESIDENT & CEO 5045252505 2024-02-12 1 KATHLEEN LABORDE 999009999 0 MELISSA Y DUHON CPA P01336607 5048379116 2024-02-12 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHLEEN F LABORDE 1626 ORETHA HALEY BLVD A NEW ORLEANS LA 70113 12396 0 X N/A X 2015 LA THE NATURE OF THE BUSINESS OR PURPOSE TO BE CONDUCTED OR PROMOTED IS AS FOLLOWS: ACQUIRE, OWN, DEVELOP, HOLD, SELL, LEASE, TRANSFER, EXCHANGE, OPERATE, AND MANAGE AFFORDABLE HOUSING PROJECTS, INCLUDING ANY BULDINGS AND OTHER IMPROVEMENTS; OBTAIN FINANCING FOR ANY OF THE ABOVE TYPE OF REAL ESTATE PROJECTS; PROVIDED DIRECT ASSISTANCE TO FAMILIES; FOSTER LOW, AFFORDABLE, MODERATE, MIXED USE AND OTHER TYPE OF HOUSING; FOSTER AND STIMULATE ECONOMIC DEVELOPMENT; WORK WITH OTHER NATIONAL, REGIONAL AND LOCAL ORGANIZATIONS TO FURTHER THE GOALS OF THE CORPORATION. 6 6 0 3 0 0 0 0 27298 0 0 0 0 12396 27298 12396 0 0 0 0 114974 144126 0 0 0 33042 42387 148016 186513 -120718 -174117 517237 496742 1542352 1695974 -1025115 -1199232 X THE NATURE OF THE BUSINESS OR PURPOSE TO BE CONDUCTED OR PROMOTED IS AS FOLLOWS: ACQUIRE, OWN, DEVELOP, HOLD, SELL, LEASE, TRANSFER, EXCHANGE, OPERATE, AND MANAGE AFFORDABLE HOUSING PROJECTS, INCLUDING ANY BULDINGS AND OTHER IMPROVEMENTS; OBTAIN FINANCING FOR ANY OF THE ABOVE TYPE OF REAL ESTATE PROJECTS; PROVIDED DIRECT ASSISTANCE TO FAMILIES; FOSTER LOW, AFFORDABLE, MODERATE, MIXED USE AND OTHER TYPE OF HOUSING; FOSTER AND STIMULATE ECONOMIC DEVELOPMENT; WORK WITH OTHER NATIONAL, REGIONAL AND LOCAL ORGANIZATIONS TO FURTHER THE GOALS OF THE CORPORATION. 0 0 186513 THE ORGANIZATION REHABILITATES A COMMERCIAL BUILDING IN A DISTRESSED NEIGHBORHOOD PARTIALLY FINANCED THROUGH A CDBG GRANT. THE BUILDING WAS FORMERLY A BLIGHTED PROPERTY. 186513 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X RICHARD CAMPBELL 5045252505 1626 ORETHA HALEY BLVD SUITE A NEW ORLEANS LA 70113 X ALICE RIENER DIRECTOR 0.25 X 0 0 0 RANDY NICHOLS DIRECTOR 0.25 X 0 0 0 REV WILLIE GABLE JR DIRECTOR 0.25 0.50 X X 0 0 0 KATHLEEN LABORDE PRESIDENT 0.25 40.00 X 0 0 0 RICHARD CAMPBELL TREASURER 0.25 40.00 X 0 0 0 GRETCHEN EDINBURGH SECRETARY 0.25 40.00 X 0 0 0 0 0 0 0 0 0 0 0 12396 0 12396 12396 12396 12396 12396 0 0 144126 144126 9179 9179 20101 20101 7291 7291 PROPERTY OPERATING EXPE 5816 5816 186513 186513 0 0 1 750 2914 1769 574281 80124 513999 494157 324 0 65 517237 496742 9194 1542352 1686780 1542352 1695974 X -1025115 -1199232 -1025115 -1199232 517237 496742 -174117 0 X X 0 1 X 0 0 X X 1 GULF COAST HOUSING PARTNERSHIP INC 204216595 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 46878 46878 527403 80124 447279 494157 DUE TO RELATED PARTY (GCHP, INC. - PARENT COMPANY) 1231552 LONG TERM DEBT 455228 1686780 X PART X, LINE 2: GCHP-LA CHDO, INC IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 2 THE ORGANIZATION'S OFFICERS (KATHLEEN LABORDE, GRETCHEN EDINBURGH, AND RICHARD CAMPBELL) ARE EMPLOYED BY THE ORGANIZATION'S SOLE MEMBER GULF COAST HOUSING PARTNERSHIP, INC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF THE ORGANIZATION'S PARENT, GULF COAST HOUSING PARTNERSHIP, INC., APPOINTS THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THE GOVERNING BODY PERFORMS ALL COMMITTEE FUNCTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DISTRIBUTES THE FORM 990 TO THE FULL BOARD TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND COMMITTEE MEMBERS REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE POLICY REQUIRES DISCLOSURE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE DIRECTORS AND COMMITTEE MEMBERS CONSIDERING A PROPOSED TRANSACTION. THE BOARD OR COMMITTEE, WHEN ADDRESSING THE TRANSACTION, WILL DECIDE IF A CONFLICT OF INTEREST EXISTS BY REVIEWING ALL MATERIAL FACTS AND DISCUSSING WITH THE INTERESTED PERSON. THIS CAN INCLUDE A PRESENTATION BY THE INTERESTED PERSON, AN INVESTIGATION BY A THIRD PARTY, OR A MAJORITY VOTE OF DISINTERESTED DIRECTORS/MEMBERS. THE INTERESTED PERSON MAY NOT PARTICIPATE IN THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS AVAILABLE TO THE PUBLIC BY PROVIDING A REQUEST TO THE PRESIDENT. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE CONSOLIDATED WITH ITS PARENT COMPANY'S FINANCIAL STATEMENTS, AND AS SUCH, THE ORGANIZATION FOLLOWS ITS PARENT COMPANY'S OVERSIGHT AND SELECTION PROCESS. THERE HAS BEEN NO CHANGE TO THE PROCESS. GULF COAST HOUSING PARTNERSHIP INC 1626 ORETHA HALEY BLVD SUITE A NEW ORLEANS LA 70113 204216595 AFFORDABLE HOUSING DEVELOPMENT DE 501(C)(3) LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 GULF COAST HOUSING PARTNERSHIP INC E CASH GULF COAST HOUSING PARTNERSHIP INC S CASH