478 BUILDING CORPORATION INC

EIN: 462691079 Community Improvement

NEW ORLEANS, LA

Total Revenue
$6,295
Total Expenses
$136,386
Total Assets
$3,629,810
Net Assets
$3,589,810
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
LA
Principal Officer
BROOK YEATON
Phone
5044862192
Tax Period
2024-01-01 to 2024-12-31

478 BUILDING CORPORATION INC, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $6K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $136K exceeded revenue, resulting in a 2067% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO HOLD TITLE TO PROPERTY,COLLECTING INCOME THEREFROM, AND TURNING OVER THE AMOUNT THEREOF LESS EXPENSES TO AN ORGANIZATION WHICH ITSELF IS EXEMPT UNDER SECTION 501(C).

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,295
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,295

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $136,386
TOTAL EXPENSES $136,386

Year-over-Year Comparison

2024 2023 Change
Revenue $6,295 $42,000 -0.9%
Expenses $136,386 $127,545 +0.1%
Net Income $-130,091 $-85,545 +0.5%
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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Governance

Voting Members
8
Independent Members
4
Employees
N/A
Volunteers
N/A

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
2
$273,782
Total Directors
9
$457,978
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BROOK YEATON PRESIDENT 1.00
Officer Director
$0 $30,667 $126,834
CECIL BURR BOARD OF DIRECTORS 0.50
Director
$0 $34,116 $109,155
DARCY JAMISON BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
RANDALL COE BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
JOSEPH DONNIE DEAN BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
CALEB GUILLOTT BOARD OF DIRECTORS 0.50
Director
$0 $28,127 $94,333
MASON MCGUIRE BOARD OF DIRECTORS 0.50
Director
$0 $292 $835
DAVID WHATLEY BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
ADRIANE A BENNETT RECORDING SECRETARY 0.50
Director
$0 $35,143 $126,821
PAULINE D AREVALLO CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $35,014 $146,948
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 $6,295 $136,386 $3,629,810 $-130,091
2023 $42,000 $127,545 $3,501,569 $-85,545
2022 $42,097 $128,716 $3,155,447 $-86,619
2021 $22,438 $151,640 $3,142,066 $-129,202
2020 $26,847 $141,749 $3,271,268 $-114,902
2019 $25,228 $182,883 $3,386,170 $-157,655
2018 $13,765 $22,985 $3,543,825 $-9,220
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