Tulane-Canal Neighborhood Development Corporation
- Assets
- $830.6k
- Revenue
- $56.2k
- Investments
- $0.0
- Employees
- 3
- Location
- New Orleans, LA
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 72-1482559
Organization Overview
Tulane-Canal Neighborhood Development Corporation is located in New Orleans, LA. The organization was established in 2001. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Tulane-Canal Neighborhood Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulane-Canal Neighborhood 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TULANE/CANAL NEIGHBORHOOD DEVELOPMENT CORPORATION (TCNDC) IS A NON-PROFIT ORGANIZATION THAT SEEKS TO MAINTAIN THE DIVERSITY AND VIBRANCY OF THE TULANE CANAL NEIGHBORHOOD THROUGH AFFORDABLE HOME OWNERSHIP AND COMMUNITY DEVELOPMENT. IN RECOGNITION OF INSTITUTIONAL RACISM AND POVERTY, TCNDC ENVISIONS A NEIGHBORHOOD WHERE ALL RESIDENTS HAVE ACCESS TO STABLE, AFFORDABLE HOUSING THEREBY BUILDING A MORE EQUIABLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TULANE/CANAL NEIGHBORHOOD DEVELOPMENT CORPORATION WORKS WITH FAMILIES AND INDIVIDUALS WHO MAKE 80% OF THE AREA MEDIAN INCOME AND BELOW. TCNDC HAS THREE MAIN PROGRAMS: DEVELOPING SINGLE FAMILY HOMES FOR LOW INCOME FIRST- TIME HOMEBUYERS, ONE-ON-ONE FINANCIAL LITERACY AND HOMEBUYER COUNSELING, AND HOMEOWNER OCCUPIED REPAIRS FOR ELDERLY HOMEOWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keely Byrne Secretary | OfficerTrustee | 2 | $0 |
Antonio Carbone Treasurer | OfficerTrustee | 2 | $0 |
Nashawn Johnson President | OfficerTrustee | 2 | $0 |
Kahlida Lloyd Director | Trustee | 2 | $0 |
Sarah Sievert Director | Trustee | 2 | $0 |
Oji Alexander Interim Exec | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,750 |
| Total Program Service Revenue | $0 |
| Investment income | $110 |
| 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 | $56,178 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,636 |
| Payroll taxes | $7,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,225 |
| Fees for services: Accounting | $995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $2,102 |
| Information technology | $509 |
| Royalties | $0 |
| Occupancy | $1,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,347 |
| All other expenses | $6,136 |
| Total functional expenses | $190,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $583,216 |
| Investments—publicly traded securities | $154,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $830,586 |
| Accounts payable and accrued expenses | $10,529 |
| 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 | $527,911 |
| Other liabilities | $0 |
| Total liabilities | $538,440 |
| Net assets without donor restrictions | $292,146 |
| 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 | $830,586 |