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Peoples Housing Inc

EIN 47-3700373 · New Orleans, LA

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

LegitimacyPassesRegistration and standingFinancial healthGood75 out of 100GovernanceGood83 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

PEOPLES HOUSING+ INC 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

Income
$2.1 million
Spending
$1.5 million
Spent on programs
76%
Reserves
12.5 months of spending
Largest source of income
donations and private grants, 59%
Employees
7
Volunteers
20
Highest pay
$166,466, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 75 out of 100. Higher than 62% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 12.5 months of spending.

  • Debt

    5 of 20

    It owes 70% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 31% of income.

  • Income trend

    5 of 15

    Income fell 20% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 8 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 83 out of 100. Higher than 38% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    17 of 18 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a 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.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

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

Programs described in its return (2)
  1. $1.1 million spent. PEOPLES HOUSING+ WAS CREATED TO ADDRESS NEW ORLEANS WIDENING RACIAL WEALTH GAP AND THE CRISIS OF AFFORDABLE HOUSING AND INEQUITABLE ECONOMIC OPPORTUNITY THAT PREVENTS AN INCREASING NUMBER OF BLACK FAMILIES FROM LIVING IN AFFORDABLE AND SAFE HOUSING, MEETING THEIR BASIC NEEDS, AND BUILDING GENERATIONAL WEALTH. PH+ WAS ESTABLISHED IN 2022 TO PROVIDE GREATER SCALE AND IMPACT WITH AN UNABASHED FOCUS ON ADVANCING RACIAL EQUITY IN COMMUNITY DEVELOPMENT THROUGH THE STRATEGIC MERGER OF THREE NEW ORLEANS-BASED COMMUNITY DEVELOPMENT ORGANIZATIONS: THE CRESCENT CITY COMMUNITY LAND TRUST, HOME BY HAND, AND TULANE CANAL NEIGHBORHOOD DEVELOPMENT CORPORATION.
  2. $44,272 spent. STEWARDSHIP AND FINANCIAL FITNESS PROGRAMS PROVIDE LOW TO MODERATE-INCOME RESIDENTS WITH A WIDE RANGE OF SUPPORTIVE SERVICES DESIGNED TO HELP THEM IMPROVE FINANCIAL STABILITY, GROW GENERATIONAL WEALTH, AND INCREASE OVERALL WELL-BEING LONG AFTER HOME PURCHASE. THESE SERVICES ARE DESIGNED TO ENSURE FAMILIES CAN MANTAIN AND REMAIN IN THEIR HOMES AND CONTINUE TO USE IT AS A FOUNDATION TO BUILD GENERATIONAL WEALTH. PEOPLES HOUSING+ INC DELIVERS THREE DISTINCT FINANCIAL LITERACY COURSES TO PROMOTE FINANCIAL STABILITY, HOMEBUYING, AND BUILDING GENERATIONAL WEALTH INCLUDING, (1) A GENERAL FINANCIAL LITERACY COURSE THAT HELPS PARTICIPANTS LEARN THE BASICS OF CREDIT USAGE AND BUDGETING, (2) A PRE-HOME PURCHASE FINANCIAL LITERACY COURSE THAT ENSURES PARTICIPANTS ARE PREPARED TO PURCHASE A HOME, AND (3) POST-HOME PURCHASE SERVICES THAT PROVIDE EACH FAMILY WITH INDIVIDUAL FINANCIAL PLANNING SERVICES TO HELP THEM USE THEIR HOME TO BUILD GENERATIONAL WEALTH. WHILE THE FINANCIAL LITERACY PROGRAM IS AVAILABLE TO THE PUBLIC, THE VAST MAJORITY OF PARTICIPANTS ARE PROSPECTIVE OR CURRENT RESIDENTS OF HOMES DEVELOPED BY PEOPLES HOUSING+. THE ORGANIZATION ORGANIZES AN ANNUAL HOUSING SUMMIT AS WELL AS QUARTERLY STEWARDSHIP EVENTS FOR INDIVIDUALS TO PARTICIPATE IN VARIOUS FINANCIAL FITNESS AND STEWARDSHIP CLASSES. IN 2024, THE ORGANIZATION PRESENTED 21 WORKSHOPS PROVIDING FINANCIAL LITERACY TO OVER 700 FAMILIES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. 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 November 6, 2026.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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 November 4, 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.