Mqvn Community Development Corporation
- Assets
- $9.2m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 50
- Location
- New Orleans, LA
- Founding
- 01/2008
- Data as of
- 06/2023
- EIN
- 20-4929600
Organization Overview
Mqvn Community Development Corporation is located in New Orleans, LA. The organization was established in 2008. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Mqvn Community Development Corporation employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mqvn Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Mqvn Community Development Corporation generated $4.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $4.1m during the year ending 06/2023. While expenses have increased by 4.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MQVN COMMUNITY DEVELOPMENT CORPORATION'S (MQVN-CDC) MISSION IS TO PRESERVE AND PROMOTE A UNIQUE DIVERSITY AND IMPROVEMENT OF THE LIVES OF RESIDENTS AND SMALL BUSINESSES IN NEW ORLEANS EAST AND GREATER NEW ORLEANS. WE ARE FOCUSING ON FACILITATING COMMUNITY ACCESS TO SERVICES AND RESOURCES, AND TO PROMOTE AND PROVIDE QUALITY HEALTHCARE AND EDUCATION, AS WELL AS BUSINESS REVITALIZATION AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOELA COMMUNITY HEALTH CENTER PROVIDES PRIMARY CARE SERVICES TO THE ADULT AND PEDIATRIC POPULATIONS WITHIN NEW ORLEANS EAST COMMUNITY AND ITS SURROUNDING NEIGHBORHOODS WHO SUFFER FROM LIMITED ACCESS TO HEALTH CARE. OUR GOAL IS TO IMPROVE THE HEALTH AND WELL-BEING OF UNDERSERVED COMMUNITIES IN AND AROUND THE NEW ORLEANS EAST AREA BY PROVIDING ACCESSIBLE, AFFORDABLE, HIGH QUALITY, CULTURALLY COMPETENT COMMUNITY BASED PRIMARY, PREVENTIVE, REHABILITATIVE, AND BEHAVIORAL HEALTH CARE. SERVICES INCLUDE PRIMARY CARE, OBGYN, MENTAL HEALTH AND SOCIAL SERVICES, MEDICARE/MEDICAID, AND PHARMACY EDUCATION.
VEGGI FARMERS COOPERATIVE IS DEDICATED TO EMPOWERING GROWERS IN THE GREATER NEW ORLEANS AREA, STARTING IN NEW ORLEANS EAST, IN ORDER TO CREATE SUSTAINABLE, HIGH QUALITY JOBS THAT ENHANCE THE QUALITY OF LIFE OF COMMUNITIES THROUGH INCREASING LOCAL FOOD ACCESS AND PROMOTION OF SUSTAINABLE AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Horne Board Member | Trustee | 2 | $0 |
Mai DO Board Member | Trustee | 2 | $0 |
Kelli Dorsey President & CEO | OfficerTrustee | 2 | $0 |
Cam Tran Secretary | OfficerTrustee | 2 | $0 |
Angela Garcia Board Member | Trustee | 2 | $0 |
Donna Terre Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,726,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,726,632 |
| Total Program Service Revenue | $1,877,598 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,630,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $602,343 |
| Compensation of current officers, directors, key employees. | $107,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,924,916 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,796 |
| Payroll taxes | $148,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,278 |
| Advertising and promotion | $0 |
| Office expenses | $46,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,510 |
| Travel | $38,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,958 |
| Insurance | $0 |
| All other expenses | $33,375 |
| Total functional expenses | $4,066,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,543,584 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $623,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,391 |
| Net Land, buildings, and equipment | $1,926,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,167,356 |
| Accounts payable and accrued expenses | $183,685 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $17,108 |
| Other liabilities | $0 |
| Total liabilities | $200,793 |
| Net assets without donor restrictions | $8,966,563 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,167,356 |