NORTHSHORE HOUSING INITIATIVE INC

Address
769 ROBERT BLVD NO 201C
SLIDELL, LA 70458
Contact
Website: http://www.northshorelandtrust.org
Phone: +1 (985) 200-8280
Nonprofit
NTEE: L99 - Housing, Shelter N.E.C.
EIN: 10-0131835

Mission

THE ORGANIZATION, A COMMUNITY LAND TRUST, IS COMMITTED TO THE PERMANENT STEWARDSHIP OF LAND AND THE LONG-TERM AFFORDABILITY OF WORKFORCE HOUSING. USING A SHARED EQUITY MODEL, THE ORGANIZATION HELPS MODERATE-INCOME HOMEBUYERS PURCHASE A HOME BY INVESTING IN THE LAND. THE LAND IS LEASED TO THE HOMEBUYER BY THE TRUST WITH A LONG-TERM LEASE THAT INCLUDES A RESALE FORMULA TO ENSURE AFFORDABILITY IS PRESERVED FOR THE NEXT BUYER.
 20172016201520142013
Basic features of the organization
Year of formation2001
Subsection code03
PF filing required0    
Metropolitan statistical area5560
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $71,042.00   
Sum of reportable (W2/1099) compensation$72,100.00$69,984.00   
Number of employees00   
Number of people compensated >$100k00   
Number of volunteers99   
Number of highly compensated contractors00   
Personnel
Adams, Edward
Title    DIRECTOR
Name of key/compensated person    EDWARD ADAMS
Officer, director, trustee, or key employee    True
Reportable compensation from org    $0.00
Adams, Nixon
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personNIXON ADAMSNIXON ADAMSNIXON ADAMSNIXON ADAMSNIXON ADAMS
Officer, director, trustee, or key employee  TrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bedford, Stephanie
Title    DIRECTOR
Name of key/compensated person    STEPHANIE BEDFORD
Officer, director, trustee, or key employee    True
Reportable compensation from org    $0.00
Bee, Edward
TitleTREASURERTREASURERTREASURERTREASURER 
Name of key/compensated personEDWARD BEEEDWARD BEEEDWARD BEEEDWARD BEE 
Officer, director, trustee, or key employee  TrueTrue 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Bivona, Erin
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personERIN STAIR BIVONAERIN STAIR BIVONAERIN STAIR BIVONA  
Officer, director, trustee, or key employee  True  
Reportable compensation from org$0.00$0.00$0.00  
Borne, Ann
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTOR 
Name of key/compensated personANN BORNEANN BORNEANN BORNEANN BORNE 
Officer, director, trustee, or key employee  TrueTrue 
Reportable compensation from org$72,100.00$69,984.00$69,984.00$1,000.00 
Cavalier, Nick
TitleVICE PRESIDENTVICE PRESIDENT   
Name of key/compensated personNICK CAVALIERNICK CAVALIER   
Reportable compensation from org$0.00$0.00   
Clary, Maureen
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personMAUREEN CLARYMAUREEN CLARYMAUREEN CLARYMAUREEN CLARY 
Officer, director, trustee, or key employee  TrueTrue 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Fontenot, Sidney
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personSIDNEY FONTENOTSIDNEY FONTENOTSIDNEY FONTENOTSIDNEY FONTENOTSIDNEY FONTENOT
Officer, director, trustee, or key employee  TrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Jolly, Ethan
Title  VICE PRESIDENTVICE PRESIDENTDIRECTOR
Name of key/compensated person  ETHAN JOLLYETHAN JOLLYETHAN JOLLY
Officer, director, trustee, or key employee  TrueTrueTrue
Reportable compensation from org  $0.00$0.00$0.00
Jones, Kentrell
TitleSECRETARYDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personKENTRELL JONESKENTRELL JONESKENTRELL JONESKENTRELL JONES 
Officer, director, trustee, or key employee  TrueTrue 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Keith, Melvin
Title    DIRECTOR
Name of key/compensated person    MELVIN KEITH
Officer, director, trustee, or key employee    True
Reportable compensation from org    $0.00
MacOmber, Shawn
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTDIRECTOR
Name of key/compensated personSHAWN MACOMBERSHAWN MACOMBERSHAWN MACOMBERSHAWN MACOMBERSHAWN MACOMBER
Officer, director, trustee, or key employee  TrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Mason, Thaeta
Title SECRETARY   
Name of key/compensated person THAETA MASON   
Reportable compensation from org $0.00   
Mason, Theata
Title  SECRETARYSECRETARY 
Name of key/compensated person  THEATA MASONTHEATA MASON 
Officer, director, trustee, or key employee  TrueTrue 
Reportable compensation from org  $0.00$0.00 
Shea, Donald
Title   DIRECTORDIRECTOR
Name of key/compensated person   DONALD SHEADONALD SHEA
Officer, director, trustee, or key employee   TrueTrue
Reportable compensation from org   $0.00$0.00
Theata, Mason
TitleDIRECTOR    
Name of key/compensated personMASON THEATA    
Reportable compensation from org$0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE AFFORDABLE HOUSING FOR THE ST. TAMMANY AREA.TO PROVIDE AFFORDABLE HOUSING FOR THE ST. TAMMANY AREA.   
Primary exempt purpose  THE MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING FOR THE ST. TAMMANY AREA. SPECIFICALLY, ITS GOAL IS TO BEGIN A COMMUNITY LAND TRUST IN ST. TAMMANY. THE CONCEPT OF A COMMUNITY LAND TRUST IS A MODEL HOUSING CONCEPT IN WHICH THE LAND IS SEPARATED FROM THE BUILDING FOR THE PURPOSE OF TRANSFERRING OWNERSHIP. THE AVAILABLE HOUSING IS SOLD BASED ON THE BUILDING VALUE, EXCLUDING THE LAND, MAKING THE ACQUISITION MORE AFFORDABLE TO THE PURCHASERS. THE LAND IS OWNED BY THE TAX EXEMPT ENTITY WHICH PROVIDES A 99-YEAR GROUND LEASE TO THE HOMEOWNER.THE MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING FOR THE ST. TAMMANY AREA. SPECIFICALLY, ITS GOAL IS TO BEGIN A COMMUNITY LAND TRUST IN ST. TAMMANY. THE CONCEPT OF A COMMUNITY LAND TRUST IS A MODEL HOUSING CONCEPT IN WHICH THE LAND IS SEPARATED FROM THE BUILDING FOR THE PURPOSE OF TRANSFERRING OWNERSHIP. THE AVAILABLE HOUSING IS SOLD BASED ON THE BUILDING VALUE, EXCLUDING THE LAND, MAKING THE ACQUISITION MORE AFFORDABLE TO THE PURCHASERS. THE LAND IS OWNED BY THE TAX EXEMPT ENTITY WHICH PROVIDES A 99-YEAR GROUND LEASE TO THE HOMEOWNER.THE MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING FOR THE ST. TAMMANY AREA. SPECIFICALLY, ITS GOAL IS TO BEGIN A COMMUNITY LAND TRUST IN ST. TAMMANY. THE CONCEPT OF A COMMUNITY LAND TRUST IS A MODEL HOUSING CONCEPT IN WHICH THE LAND IS SEPARATED FROM THE BUILDING FOR THE PURPOSE OF TRANSFERRING OWNERSHIP. THE AVAILABLE HOUSING IS SOLD BASED ON THE BUILDING VALUE, EXCLUDING THE LAND, MAKING THE ACQUISITION MORE AFFORDABLE TO THE PURCHASERS. THE LAND IS OWNED BY THE TAX EXEMPT ENTITY WHICH PROVIDES A 99-YEAR GROUND LEASE TO THE HOMEOWNER.
Program service expenses, total$83,704.00$115,248.00$60,321.00$57,239.00$34,841.00
Programs, including revenue & expenses
THE ORGANIZATION CURRENTLY OPERATES AN OWNER IDENTIFIED HOMEOWNERSHIP PROGRAM. ONCE QUALIFIED FOR THE LAND PURCHASE GRANT THE HOMEOWNER PRE-QUALIFIES WITH A LENDING PARTNER AND FINDS THE HOUSE THEY WISH TO PURCHASE. THROUGH LOCAL PARTNERSHIPS THE ORGANIZATION PROVIDES HOMEBUYER AND FINANCIAL LITERACY TRAINING AND INSURES SAFE AND AFFORDABLE MORTGAGES FOR HOMEBUYERS. THE OWNER IDENTIFIED PROGRAM HAS CLOSED ON FOUR PROPERTIES TO DATE. ST. TAMMANY PARISH GRANTS FUND THE LAND PURCHASES AND CERTAIN ORGANIZATIONAL OPERATING COSTS.
Program expenses$83,704.00$115,248.00   
Program descriptionTHE ORGANIZATION CURRENTLY OPERATES AN OWNER IDENTIFIED HOMEOWNERSHIP PROGRAM. ONCE QUALIFIED FOR THE LAND PURCHASE GRANT THE HOMEOWNER PRE-QUALIFIES WITH A LENDING PARTNER AND FINDS THE HOUSE THEY WISH TO PURCHASE. THROUGH LOCAL PARTNERSHIPS THE ORGANIZATION PROVIDES HOMEBUYER AND FINANCIAL LITERACY TRAINING AND INSURES SAFE AND AFFORDABLE MORTGAGES FOR HOMEBUYERS. THE OWNER IDENTIFIED PROGRAM HAS CLOSED ON FOUR PROPERTIES TO DATE. ST. TAMMANY PARISH GRANTS FUND THE LAND PURCHASES AND CERTAIN ORGANIZATIONAL OPERATING COSTS.THE ORGANIZATION CURRENTLY OPERATES AN OWNER IDENTIFIED HOMEOWNERSHIP PROGRAM. ONCE QUALIFIED FOR THE LAND PURCHASE GRANT THE HOMEOWNER PRE-QUALIFIES WITH A LENDING PARTNER AND FINDS THE HOUSE THEY WISH TO PURCHASE. THROUGH LOCAL PARTNERSHIPS THE ORGANIZATION PROVIDES HOMEBUYER AND FINANCIAL LITERACY TRAINING AND INSURES SAFE AND AFFORDABLE MORTGAGES FOR HOMEBUYERS. THE OWNER IDENTIFIED PROGRAM HAS CLOSED ON FOUR PROPERTIES TO DATE. ST. TAMMANY PARISH GRANTS FUND THE LAND PURCHASES AND CERTAIN ORGANIZATIONAL OPERATING COSTS.   
Financial data
Revenue
Total revenue$263,095.00$219,772.00$162,854.00$71,830.00$28,608.00
Revenue from contributions (total)$259,990.00$218,197.00$162,390.00  
Investment income, current yr$0.00$0.00   
Total revenue from grants, etc., current yr$259,990.00$218,197.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr$3,105.00$1,575.00   
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total)  $0.00  
Gross receipts$263,095.00$219,772.00   
Sources of contributions
Revenue from gov't grants$255,023.00$198,487.00   
Revenue from all other contributions$4,967.00$19,710.00   
Other types of revenue
Miscellaneous revenue (total)$3,105.00$1,575.00   
Net rental income  $0.00  
Expense categories (totals)
Total functional expenses: sum of all$123,908.00$143,738.00   
Total functional expenses: program service $83,704.00$115,248.00   
Total functional expenses: management and general$35,122.00$24,938.00   
Total functional expenses: fundraising$5,082.00$3,552.00   
Fees for services
Fundraising service fees (total)$0.00$0.00   
Assets and liabilities
Total assets$315,590.00$203,550.00$94,443.00$21,118.00$9,868.00
Total assets, beginning of year$203,550.00$94,443.00$21,118.00$9,868.00$22,853.00
Total liabilities$32,257.00$59,404.00$26,331.00$13,514.00$0.00
Total liabilities, beginning of year$59,404.00$26,331.00$13,514.00$0.00$0.00
Pledges & accounts receivable, net$48,839.00$63,855.00   
Unrestricted net assets, end of yr$35,833.00$13,202.00   
Temporarily restricted net assets$247,500.00$130,944.00   
Net assets$283,333.00$144,146.00$68,112.00$7,604.00$9,868.00
Net assets, beginning of year$144,146.00$68,112.00   
Other liabilities$29,277.00$42,244.00   
Other assets$945.00$395.00   
Cash: non-interest bearing$18,306.00$8,356.00   
Cash: non-interest bearing, beginning of year$8,356.00$8,962.00   
Other financial variables
Revenue less expenses$139,187.00$76,034.00   
Accounts payable & accrued expenses$2,980.00$17,160.00   
Total net assets or fund balances$283,333.00$144,146.00   
Governance and accountability
Number of voting members99   
Number of independent voting members99   
Financial sheets audited True   
Cash accounting  TrueTrueTrue
Accrual accountingTrueTrue   
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990EZ990EZ990EZ
Reason for form submission
Address changeTrue    
Date e-filing submitted2018-08-292017-09-012016-02-252015-07-222014-07-02
IRS schema version2016v3.02015v3.02014v5.02013v4.02012v2.1
Filing identifier201801249349301125201721229349301022201533489349200008201541319349202094201431359349202238
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