Nonprofit · EIN 45-1351163
REGIONAL COMMUNITY FINANCE INC
Tax-exempt · NEW ORLEANS, LA 70113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,818,094 | $2,614,798 | -$796,704 | $44,385,508 | $42,340,161 | $2,045,347 |
| December 31, 2023 | 990 | $1,346,451 | $2,104,225 | -$757,774 | $43,600,056 | $40,690,591 | $2,909,465 |
| December 31, 2022 | 990 | $1,453,337 | $1,811,893 | -$358,556 | $47,829,039 | $43,701,250 | $4,127,789 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,818,094
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,253
- Accounting fees
- $47,295
- Occupancy
- $1,333,484
- Depreciation
- $306,913
- Program services (functional)
- $2,427,488
- Management and general (functional)
- $187,310
Balance sheet and other
- Total assets, start of year
- $43,600,056
- Total assets, end of year
- $44,385,508
- Total liabilities, end of year
- $42,340,161
- Net assets, end of year
- $2,045,347
- Land, buildings and equipment
- $11,655,819
- Net assets without donor restrictions
- $2,045,347
- Gross receipts
- $1,818,094
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2012
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT SIMMONS | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA MAZIQUE | DIRECTOR Trustee or director | 0.5 | $0 |
| GEORGE DUPUY | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KATHLEEN LABORDE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RICHARD CAMPBELL | TREASURER Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT SIMMONS | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA MAZIQUE | DIRECTOR Trustee or director | 0.5 | $0 |
| GEORGE DUPUY | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KATHLEEN LABORDE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RICHARD CAMPBELL | TREASURER Officer | 0.5 | $0 |
990 for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT SIMMONS | PRESIDENT Trustee or director | 0.5 | $0 |
| LISA MAZIQUE | DIRECTOR Trustee or director | 0.5 | $0 |
| KATHLEEN LABORDE | DIRECTOR Trustee or director, Officer | 2 | $0 |
| RICHARD CAMPBELL | TREASURER/SECRTARY Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1626 ORETHA CASTLE HALEY BLVD, NEW ORLEANS, LA 70113-1311
- In care of
- % REBECCA DONALDSON
- Principal officer (990 for 2024)
- KATHLEEN LABORDE, 1626 ORETHA CASTLE HALEY BLVD, NEW ORLEANS, LA 70113
- Signed the 990
- KATHLEEN LABORDE, PRESIDENT
- Phone
- (504) 525-2505
- Return prepared by
- CRI ADVISORS LLC
Mission
THE NATURE OF THE BUSINESS OR PURPOSE TO BE CONDUCTED OR PROMOTED IS AS FOLLOWS: (I) TO FOSTER LOW AND MODERATE INCOME HOUSING; (II) TO PROMOTE ECONOMIC DEVELOPMENT THROUGH COMMUNITY DEVELOPMENT PROJECTS PRIMARILY TARGETED TO BENEFIT LOW AND MODERATE INCOME RESIDENTS; (III) TO RELIEVE THE BURDENS OF THE GOVERNMENT; (IV) TO WORK WITH OTHER NATIONAL, REGIONAL AND LOCAL ORGANIZATIONS TO FURTHER THE FOALS OF THE CORPORATION.
Program accomplishments
- REGIONAL COMMUNITY FINANCE, INC. HAS PROVIDED OVER $25 MILLION IN COMMUNITY DEVELOPMENT LOAN FUNDS IN NEW MARKETS TAX CREDIT TRANSACTIONS THAT BENEFIT LOW INCOME COMMUNITIES IN NEW ORLEANS AND BATON ROUGE, LOUISIANA. THE PROJECTS INCLUDE NEW COMMERCIAL REAL ESTATE THAT SERVES AS PART OF LARGER MIXED USE DEVELOPMENTS AND REDEVELOPMENT OF VACANT PROPERTIES INTO COMMERCIAL AND COMMUNITY FACILITIES. REGIONAL COMMUNITY FINANCE ALSO HAS AN OPERATING LEASE ON ONE OF THE NEW MARKETS TAX CREDIT PROPERTIES.Expenses $2,427,488 · revenue $1,818,094
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-1351163
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $44,385,508
- Income (IRS master file)
- $1,818,094
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,818,094 | $2,614,798 | $44,385,508 | XML |
| 990 | December 2023 | $1,346,451 | $2,104,225 | $43,600,056 | XML |
| 990 | December 2022 | $1,453,337 | $1,811,893 | $47,829,039 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-1351163).
Questions about REGIONAL COMMUNITY FINANCE INC
- What is the EIN of REGIONAL COMMUNITY FINANCE INC?
- The employer identification number (EIN) of REGIONAL COMMUNITY FINANCE INC is 45-1351163.
- Is REGIONAL COMMUNITY FINANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to REGIONAL COMMUNITY FINANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REGIONAL COMMUNITY FINANCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REGIONAL COMMUNITY FINANCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REGIONAL COMMUNITY FINANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REGIONAL COMMUNITY FINANCE INC?
- The 990 for the year ended December 31, 2024 names KATHLEEN LABORDE.
- Who are the officers and directors of REGIONAL COMMUNITY FINANCE INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does REGIONAL COMMUNITY FINANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,818,094, expenses of $2,614,798 and total assets of $44,385,508 at year end.
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All nonprofits in NEW ORLEANS · Louisiana · Community improvement and capacity building