NEW IBERIA HOUSING CORPORATION D/B/A VILLAGE DE TECHE APTS (EIN 581940089) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

BISHOP J DOUGLAS DESHOTEL

Phone

3372615811

Tax Period

2023-07-01 to 2024-06-30

NEW IBERIA HOUSING CORPORATION D/B/A VILLAGE DE TECHE APTS is a small nonprofit in the Housing & Shelter sector that reported $202K in total revenue in fiscal year 2023. Expenses of $227K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION PROVIDES LOW INCOME HOUSING ON A NON-PROFIT BASIS PURSUANT TO SECTION 222(B)(3) OF THE NATIONAL HOUSING ACT

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $129,787

Program Service Revenue $70,999

Investment Income $62

Other Revenue $1,565

TOTAL REVENUE $202,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,955

Fundraising Expenses $0

Program Expenses $168,756

Other Expenses $206,834

TOTAL EXPENSES $226,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,413	$200,934	+0.0%
Expenses	$226,789	$210,746	+0.1%
Net Income	$-24,376	$-9,812	+1.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERY REVEREND KEVIN BORDELON	BOARD MEMBER	N/A	Director	$0	$0	$0
BISHOP J DOUGLAS DESHOTEL	PRESIDENT	N/A	Officer Director	$0	$0	$0
MAUREEN FONTENOT	SECRETARY	N/A	Officer Director	$0	$0	$0
DEACON JIM KINCEL	BOARD MEMBER	N/A	Director	$0	$0	$0
MONSIGNOR W CURTIS MALLET	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
VERY REVEREND JARED G SUIRE	DIRECTOR	N/A	Director	$0	$0	$0
DEACON JEFF TRUMPS	TREASURER	N/A	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
2025	No data	No data	No data	No data
2024	$202,413	$226,789	$518,948	$-24,376
2023	$200,934	$210,746	$556,798	$-9,812
2022	$168,508	$178,193	$546,938	$-9,685
2021	$160,105	$173,743	$558,150	$-13,638
2020	$129,786	$155,172	$570,096	$-25,386
2019	$128,817	$153,469	$597,979	$-24,652

NEW IBERIA HOUSING CORPORATION D/B/A VILLAGE DE TECHE APTS