2024-12-10T13:13:57-05:00 2021-12-31 821276091 Corcoran & Bernard CPAs LLC 132 N Telemachus Street New Orleans LA 70119 990 2021-01-01 473700373 HOME BY HAND INC HOME 6323 FRANKLIN AVENUE NEW ORLEANS LA 70122 OJI ALEXANDER EXECUTIVE DIREC 5045293522 2022-11-10 true Amy Corcoran P01078383 5043721504 2024-12-10 X 2021 2024-10-15 13:58:12Z X OJI ALEXANDER 3887273 false X HOMEBYHAND.ORG X 2015 LA HOME BY HAND IS AN NONPROFIT AFFORDABLE HOUSING DEVELOPER AND COMMUNITY REVITALIZATION ORGANIZATION SERVING NEW ORLEANS. THE ORGANIZATION CREATES NEIGHBORHOODS OF OPPORTUNITY THROUGH THE REDEVELOPMENT OF VACANT AND ABANDONED PROPERTIES AS SELF-HELP HOUSING AND ADVANCES 10 10 4 10 0 0 65933 351431 345485 223036 228322 74818 2147085 2164956 2786825 2814241 48143 0 0 358556 376251 0 0 302989 1679239 709688 2055490 2077137 758751 4675131 3003408 2019083 1727103 2656048 1276305 HOME BY HAND IS AN NONPROFIT AFFORDABLE HOUSING DEVELOPER AND COMMUNITY REVITALIZATION ORGANIZATION SERVING NEW ORLEANS. THE ORGANIZATION CREATES NEIGHBORHOODS OF OPPORTUNITY THROUGH THE REDEVELOPMENT OF VACANT AND ABANDONED PROPERTIES AS SELF-HELP HOUSING AND ADVANCES false false 1929711 2462532 HOME BY HAND (HBH) BECAME FULLY OPERATIONAL IN 2016 AND LAUNCHED ITS FIRST AFFORDABLE HOUSING DEVELOPEMENT PROGRAM. HBH RECRUITED LOW AND MODERATE INCOME HOMEBUYERS TO PARTICIPATE IN A SWEAT-EQUITY PROGRAM IN WHICH THE HOMEBUYER PERFORMED CONSTRUCTION UNDER THE SUPERVISION OF HBH STAFF, AND HOME BY HAND BEGAN CONSTRUCTION ON NEW HOMES IN A DISTRESSED NEIGHBORHOOD IN NEW ORLEANS. 1929711 true true false false false false false false false false true false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 8 0 true 4 true false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true false true false false X X OJI ALEXANDER 5045293522 6323 FRANKLIN AVENUE NEW ORLEANS LA 70122 OJI ALEXANDER EXECUTIVE DIRECTOR 40.00 0.00 X 108019 0 19277 JULIE MCCRARY BOARD MEMBER 1.00 0.00 X 0 0 0 MICAH LOWENTHAL BOARD MEMBER 1.00 0.00 X 0 0 0 JARRED JUPITER BOARD MEMBER 1.00 0.00 X 0 0 0 CAROLINE MINOR BOARD MEMBER 1.00 0.00 X 0 0 0 JASMINE MONIQUE LEWIS BOARD MEMBER 1.00 0.00 X 0 0 0 DEE GREEN BOARD MEMBER 1.00 0.00 X 0 0 0 DAHLIA EL-SHAFEI BOARD MEMBER 1.00 0.00 X 0 0 0 NIA DAVIS PRESIDENT 1.00 0.00 X X 0 0 0 ALYSON SHREVE TREASURER 1.00 0.00 X X 0 0 0 MELISSA SONIAT SECRETARY 1.00 0.00 X X 0 0 0 108019 0 19277 1 false false false 141298 210133 351431 MORTGAGE FORGIVENESS 900099 203086 203086 SERVICE AGREEMENT 531390 19950 19950 223036 278 278 1147572 1073032 74540 74540 74540 OTHER REVENUE 900099 26462 26462 TAX CREDIT PROCEEDS 900099 2138494 2138494 2164956 2814241 2462532 0 278 127296 101837 25459 200522 167858 32664 24830 21422 3408 23603 19452 4151 4244 4244 9038 9038 33809 27380 6429 50 25 25 2693 243 2450 5774 5774 1175 1175 5633 5633 6117 6117 14679 5053 9626 LAWN MAINTENANCE 20750 14450 6300 SUPPLIES & MATERIALS 11358 10409 949 DEBT FORGIVENESS 1276 1276 PRESENT VALUE LOAN DISCOUNT 1556976 1556976 5667 3330 2337 2055490 1929711 125779 0 36944 283204 149343 119620 8415 2376720 942474 1280742 974460 180500 26000 160617 154500 662350 529150 4675131 3003408 32536 34957 1986547 1692146 2019083 1727103 X 2585710 1219057 70338 57248 2656048 1276305 4675131 3003408 X 758751 -2138494 X true X false true false X 148377 214215 205613 65933 351431 985569 262042 2520270 1366027 1973778 3535564 9657681 410419 2734485 1571640 2039711 3886995 10643250 100000 95000 2138494 2333494 254062 318786 572848 254062 100000 95000 2457280 2906342 7736908 258 2254 966 344 278 4100 258 2254 966 344 278 4100 410677 2736739 1572606 2040055 3887273 10647350 0.72670 0.79650 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000 1000 179500 26000 153500 154500 LAND HELD FOR FUTURE HOMESITES 529150 529150 X Footnote for uncertain tax position under FIN 48 (Part X) ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTITYS FINANCIAL STATEMENTS. THESE STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2021, MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE PRIOR THREE YEARS. Amended return information THE ORGANIZATIONS 2021 REVIEW REPORT WAS NOT FINALIZED PRIOR TO THE ORIGINAL FILING OF THE 2021 FORM 990. THE TAX CREDIT PROCEEDS OF $2,138,494 WERE REPORTED ON THE 2020 FORM 990. THE REVIEW REPORT REPORTED THIS AMOUNT ON THE FINANCIAL STATEMENTS FOR THE PERIOD ENDING DECEMBER 31, 2021. THIS FORM 990 IS BEING AMENDED TO TIE THE ORGANIZATIONS REVIEWED FINANCIAL STATEMENTS. Form 990 governing body review Part VI line 11 THE ORGANIZATION CIRCULATES FORM 990 TO THE FULL BOARD FOR REVIEW PRIOR TO FILING Conflict of interest policy compliance Part VI line 12c EACH DIRECTOR MUST SIGN A STATEMENT ANNUALLY WHICH AFFIRMS THEY HAVE RECIEVED A COPY OF THE CONFLICT OF INTEREST POLICY, THEY ANDERSTAND IT, AND AGREE TO COMPLY WITH IT. CEO executive director top management comp Part VI line 15a THE ORGANIZATIONS INDEPENDENT BOARD USED COMPARABILITY DATA TO DETERMINE THE EXECUTIVE DIRECTORS COMPENSATION. THE DILIBERATIONS AND DECISIONS WERE DOCUMENTED IN MEETING MINUTES. Other officer or key employee compensation Part VI line 15b THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY OTHER OFFICERS OR KEY EMPLOYEES. Governing documents etc available to public Part VI line 19 AVAILABLE UPON REQUEST Explanation of other changes in net assets or fund balances Part XI line 9 ORGANIZATIONS REVIEW WAS NOT FINALIZED UNTIL AFTER 2021 FORM 990 WAS ISSUED. AMENDED RETURN SHOWS MATERIAL CHANGES TO NET ASSETS. TAX CREDIT PROCEEDS OF $2,138,494 WERE REPORTED ON THE 2020 FORM 990. THE REVIEW REPORT REPORTED THIS AMOUNT ON THE FINANCIAL STATEMENTS FOR THE PERIOD ENDING DECEMBER 31, 2021. THIS CHANGE IN NET ASSETS RESULTS FROM THE TIMING OF THE RECOGNITION OF THE TAX CREDIT PROCEEDS. General explanation attachment FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION - CONTINUEDTHE NATIONAL SELF-HELP HOUSING MOVEMENT BY SHARING BEST PRACTICES AND CREATING NEW RESOURCES.FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION - CONTINUEDTHE NATIONAL SELF-HELP HOUSING MOVEMENT BY SHARING BEST PRACTICES AND CREATING NEW RESOURCES. FORM 990, PART IX, LINE 24DTHE ORGANIZATION EARNED TAX CREDITS THAT WERE CERTIFIED BY THE STATE OF LOUISIANA IN 2021 RELATED TO THE CONSTRUCTION AND REHABILITATION OF A SENIOR RESIDENTIAL LIVING FACILITY. IN SEPTEMBER 2021, THE ORGANIZATION SOLD THE TAX CREDITS AND FUNDED A LOAN TO PCA INVESTMENTS LLC FOR THE CONSTRUCTION AND RENOVATION OF THE PROPERTY IN THE AMOUNT OF $2,138,494. THE LOAN MATURES ON JULY 11, 2059 AND IS NON-INTEREST BEARING. THE ORGANIZATION DISCOUNTED THE LOAN TO PRESENT VALUE USING AN INTEREST RATE OF 3.5%. THE PRESENT VALUE DISCOUNT IS IN THE AMOUNT OF $1,556,976.