EIN 45-1351163

Regional Community Finance

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2012
Most recent tax filings
2021-12-01
Description
The nature of the business or purpose to be conducted or promoted is as follows: (i) to foster low and moderate income housing; (ii) to promote economic development through Community development projects primarily targeted to benefit low and moderate income residents; (iii) to relieve the burdens of the government; (iv) to work with other national, Regional and local organizations to further the goals of the corporation. To foster low and moderate income housing, and to promote economic development.
Also known as...
GCHP Housing Finance
Total revenues
$1,353,772
2021
Total expenses
$1,636,274
2021
Total assets
$27,779,646
2021
Num. employees
4
2021

Program areas at Regional Community Finance

Regional Community Finance, Inc. has provided over $16 million in Community development loan funds in new markets tax credit transactions that benefit low income communities in new orleans and baton rouge, Louisiana. The projects include new commercial real estate that serves as part of larger mixed use developments and redevelopment of vacant properties into commercial and Community facilities.regional Community Finance also has an operating lease on one of the new markets tax credit properties.

Grants made by Regional Community Finance

GranteeGrant descriptionAmount
Gulf Coast Housing PartnershipCancellation of Debt$1,337,000

Personnel at Regional Community Finance

NameTitleCompensation
Kathleen LabordePresident$0
A Kelton LongwellSecretary$0

Financials for Regional Community Finance

RevenuesFYE 12/2021
Total grants, contributions, etc.$0
Program services$1,356,131
Investment income and dividends$16
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-2,375
Total revenues$1,353,772

Form 990s for Regional Community Finance

Fiscal year endingDate received by IRSFormPDF link
2019-122021-04-02990View PDF
2018-122020-01-03990View PDF
2017-122019-02-22990View PDF
2016-122017-12-27990View PDF
2015-122017-03-30990View PDF
...and 3 more Form 990s
Data update history
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 14, 2021
Received grants
Identified 1 new grant, including a grant for $1,736,301 from Gulf Coast Housing Partnership
April 30, 2021
Posted financials
Added Form 990 for fiscal year 2018
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
December 27, 2017
Posted financials
Added Form 990 for fiscal year 2016
Nonprofit Types
Business and community development organizationsHousing and shelter organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Tax deductible donations
General information
Address
1626 Oretha Castle Haley Blvd A
New Orleans, LA 70113
Metro area
New Orleans-Metairie, LA
Phone
(504) 525-2505
IRS details
EIN
45-1351163
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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