2222 TULANE AVENUE APARTMENTS NONPROFIT INC

EIN: 271357234 501(c)(3) Housing & Shelter

NEW ORLEANS, LA

Total Revenue
$1,170,248
Total Expenses
$1,119,117
Total Assets
$12,484,708
Net Assets
$2,373,853
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
LA
Principal Officer
MS MARTHA KEGEL
Phone
5048214496
Tax Period
2023-07-21 to 2023-12-31

2222 TULANE AVENUE APARTMENTS NONPROFIT INC, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 4% surplus.

Mission

THE 2222 TULANE ORGANIZATION HAS A MISSION TO REDUCE, PREVENT AND END HOMELESSNESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $93,848
Program Service Revenue $0
Investment Income $0
Other Revenue $1,076,400
TOTAL REVENUE $1,170,248

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,514
Fundraising Expenses $0
Program Expenses $788,964
Other Expenses $1,095,603
TOTAL EXPENSES $1,119,117

Year-over-Year Comparison

2023 2022 Change
Revenue $1,170,248 $1,195,133 0.0%
Expenses $1,119,117 $1,241,440 -0.1%
Net Income $51,131 $-46,307 -2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA J KEGEL PRESIDENT AND DIRECTOR 5.00
Officer Director
$0 $0 $0
ANGELA PATTERSON VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
FRANCES MISENHEIMER SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,170,248 $1,119,117 $12,484,708 $51,131
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