NOCHI REAL ESTATE INC

EIN: 822982419 Community Improvement

NEW ORLEANS, LA

Total Revenue
$1,354,605
Total Expenses
$2,206,610
Total Assets
$18,344,957
Net Assets
$-810,677
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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
2017
Legal Domicile
LA
Principal Officer
CAROL MARKOWITZ
Phone
5048914060
Tax Period
2023-01-01 to 2023-12-31

NOCHI REAL ESTATE INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $2.2M exceeded revenue, resulting in a 63% operating deficit.

Mission

MAKING IMPROVEMENTS UPON, AND SUBLEASING REAL PROPERTY TO NOCHI.

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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 $0
Program Service Revenue $1,354,605
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,354,605

Expense Breakdown

Grants Paid $1,077,959
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,128,651
TOTAL EXPENSES $2,206,610

Year-over-Year Comparison

2023 2022 Change
Revenue $1,354,605 $1,328,045 +0.0%
Expenses $2,206,610 $2,183,647 +0.0%
Net Income $-852,005 $-855,602 0.0%
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE DUPUY BOARD MEMBER 0.25
Director
$0 $0 $0
YVETTE JONES BOARD MEMBER 0.25
Director
$0 $0 $0
CAROL MARKOWITZ BOARD MEMBER/EXECUTIVE DIRECTOR 3.00
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 $1,354,605 $2,206,610 $18,344,957 $-852,005
2022 $1,328,045 $2,183,647 $19,133,950 $-855,602
2021 $1,302,004 $2,159,253 $19,922,264 $-857,249
2020 $1,276,475 $1,787,085 $20,725,112 $-510,610
2019 $3,678,908 $1,149,364 $22,001,610 $2,529,544
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