Passes our checks

3222 Canal Apartments LLC

EIN 45-2800104 · New Orleans, LA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

THE MISSION OF 3222 CANAL STREET APARTMENTS NONPROFIT INC IS TO COORDINATE COMMUNITY PARTNERSHIPS TO PREVENT, REDUCE AND END HOMELESSNESS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 29 out of 100. Higher than 20% of charities in its peer group (housing, under $250k).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20
It owes 59% of what it owns.
Spending floor
15 of 15
100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 54 out of 100. Higher than 22% of charities in its peer group (housing, under $250k).

Independent board
18 of 25
3 of 3 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$136,740 spent. 3222 CANAL STREET APARTMENTS NONPROFIT INC OPERATES THE SACRED HEART APARTMENTS (SH), WHICH PROVIDES AFFORDABLE RENTAL HOUSING TO DISABLED HOMELESS INDIVIDUALS AND PERSONS WITH INCOMES AT OR BELOW 50 PERCENT OF THE AREA MEDIAN INCOME. THERE ARE A TOTAL OF 109 UNITS RESTRICTED TO RENTS AT OR BELOW 50 PERCENT OF THE AREA MEDIAN INCOME, OF WHICH 53 ARE SET ASIDE AS PERMANENT SUPPORTIVE HOUSING FOR DISABLED HOMELESS INDIVIDUALS WITH THE REMAINING 56 UNITS RESTRICTED TO NON-PSH INDIVIDUALS AT RISK OF HOMELESSNESS. PERMANENT SUPPORTIVE HOUSING, PSH, PAIRS LONG TERM RENTAL ASSISTANCE WITH SUPPORTIVE SERVICES FOR PEOPLE WITH DISABILITIES WHO HAVE EXPERIENCED LONG-TERM OR REPEATED HOMELESSNESS. UNITY OF GREATER NEW ORLEANS, INC, ALONG WITH OTHER SUPPORTING AGENCIES, IDENTIFIES CLIENTELE ELIGIBLE FOR HOUSING. AFFORDABLE HOUSING WITH CASE MANAGEMENT AND OTHER SUPPORTIVE SERVICES FOR ALL PSH TENANTS AND SUPPORTIVE SERVICES FOR ALL NON-PSH TENANTS ARE CONDUCTED ON-SITE AT THE PROPERTY LOCATION. ALL UNITS AT SH ARE RESERVED FOR TENANTS WHO HAVE INCOMES AT OR BELOW 50 PERCENT OF THE AREA MEDIAN INCOME, AMI, AS ESTABLISHED BY HUD. THEREFORE, THE ENTIRE COMPLEX MEETS THE DEFINITION OF LOW-INCOME ACTIVITIES 100% OF THE TIME FOR THE SOLE OPERATING PURPOSE TO PROVIDE STABLE RENTAL HOUSING TO INDIVIDUALS AND FAMILIES WHO ARE FORMERLY HOMELESS AND AT RISK OF BECOMING HOMELESS."

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.