GUSTE HOMES RESIDENT MANAGEMENT CORPORATION

NEW ORLEANS, LA, 70113 (504) 913-9537 Est. 1998 EIN 72-1428434

L50 - Homeowners & Tenants Associations 990 - Public charity return 501(c)(3)

Mission

GUSTE HOMES RESIDENT MANAGEMENT CORPORATION (GHRMC) was established primarily to assist in the provision of safe, decent, and sanitary housing for residents of low-income pursuant to United States Housing Act of 1937, as amended and 24 cfr part 964. Under the act the U.S. Department of Housing and Urban development has direct responsiblity for administering housing programs.

Financials

Total Revenue

$2,997,464

Total Expenses

$2,801,786

Net Assets

$2,619,708

57 employees

From latest filing (tax period ending 2025-09-30)

Financial Health

Operating Reserve

11.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 9.1%

Expenses ↓ 14.2%

Revenue Sources

Contributions 87.1% Earned revenue 11.4% Investment 1.2%

Expense Breakdown

Program 95.7% Management 4.3%

Officers & Key Employees (7)

Individual compensation is available on Grow plans.

Grants Received (1)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Oct 1, 2024 to Sep 30, 2025	$2,997,464 ↓	$2,801,786	$2,619,708
2023 990 - Public charity return Oct 1, 2023 to Sep 30, 2024	$3,298,442 ↑	$3,265,817	$2,424,030
2022 990 - Public charity return Oct 1, 2022 to Sep 30, 2023	$3,081,233 ↑	$2,999,024	$2,391,405
2020 990 - Public charity return Oct 1, 2020 to Sep 30, 2021	$2,941,499 ↑	$2,940,340	$2,406,613
2019 990 - Public charity return Oct 1, 2019 to Sep 30, 2020	$2,752,510 ↑	$2,859,207	$2,405,454
2017 990 - Public charity return Oct 1, 2017 to Sep 30, 2018	$2,495,185	$2,913,245	$3,187,422