Edward Madison Community Development Corporation Inc
- Assets
- $773.4k
- Revenue
- $80.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 72-1415074
Organization Overview
Edward Madison Community Development Corporation Inc is located in New Orleans, LA. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward Madison Community Development Corporation Inc 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 12/2021, Edward Madison Community Development Corporation Inc generated $80.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $73.2k during the year ending 12/2021. While expenses have increased by 16.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bro James Gray II Member | 0 | $0 | |
Sis Carlito White Secretary | 0 | $0 | |
Dr Kenneth Thibodeaux President | 0 | $0 | |
Bro Jabbar Rodney Sr Member | 0 | $0 | |
Bro Kevin Pettis Member | 0 | $0 | |
Sis Lois Watson Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,885 |
| Total Revenue | $80,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72,608 |
| Total operating and administrative expenses | $72,608 |
| Contributions, gifts, grants paid | $562 |
| Total expenses and disbursements | $73,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,447 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $608,975 |
| Other assets | $0 |
| Total assets | $773,422 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,396 |
| Total liabilities | $6,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Action Lewisville, TX | $16,536,025 | $11,902,772 |
Rebuilding Together Houston Houston, TX | $2,380,403 | $3,485,226 |
San Antonio Housing Trust Foundation Inc San Antonio, TX | $7,282,965 | $2,625,653 |
New Braunfels Community Resources Inc New Braunfels, TX | $2,281,417 | $2,005,183 |
Community Restoration Corporation Irving, TX | $696,507 | $9,217,251 |
Texas Campaign For The Environment Fund Austin, TX | $1,503,965 | $2,333,632 |
Habitat For Humanity International Inc New Braunfels, TX | $2,364,963 | $1,297,778 |
Lutheran Properties Inc Austin, TX | $10,751,890 | $1,244,486 |
City Of Lubbock Housing Initiatives Lubbock, TX | $2,597,981 | $392,861 |
Texas Low Income Housing Information Service Austin, TX | $5,417,490 | $2,277,680 |
South Texas Housing And Community Development Corporation Inc San Antonio, TX | $2,534,773 | $860,406 |
Fellowship Manor Ltd New Orleans, LA | $4,719,310 | $858,227 |