Mqvn Community Development Corporation
- Assets
- $7.9m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 53
- Location
- New Orleans, LA
- Founding
- 01/2008
- Data as of
- 06/2021
- 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 06/2021, Mqvn Community Development Corporation employed 53 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 06/2021, Mqvn Community Development Corporation generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. While expenses have increased by 6.1% per year over the past 6 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
2021
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 IMPOVEMENT OF THE LIVES OF RESIDENTS AND SMALL BUSINESSES IN NEW ORLEANS EAST. WE ARE FOCUSING ON FACILITATING COMMUNITY ACCESS TO SERVICES AND RESOURCES, AND TO PROMOTE AND PROVIDE QUALITY HEALTHCARE AND EDUATION, AS WELL AS BUSINESS REVITALIZATION AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CENTERWE PROVIDED PRIMARY CARE HEALTH SERVICE VISITS TO COMMUNITY MEMBERS. SERVICES INCLUDED PRIMARY CARE, OBGYN, MENTAL HEALTH AND SOCIAL SERVICES, MEDICARE/MEDICAID, PHARMACY EDUCATION, & COVID - 19 SCREENING AND TESTING.
COMMUNITY SOCIAL SERVICESWE PROVIDED SOCIAL SERVICES FOR COMMUNITY MEMBERS WHICH INCLUDED LANGUAGE ACCESS FOR A FARMERS COOPERATIVE, OUTREACH AND EDUCATION ABOUT STORM WATER MANAGEMENT, COASAL RESTORATION AND COMPLETION OF A REPARIAN BUFFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Winfrey Cmo | Officer | 40 | $200,187 |
Diem Nguyen CEO | Officer | 40 | $167,989 |
David Nguyen CFO | Officer | 40 | $118,852 |
Sensei Jason Horne Member | Trustee | 2 | $0 |
Kelli Dorsey Member | Trustee | 2 | $0 |
Rebecca Zuniga-Hamlin Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,973,804 |
| 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 | $2,973,804 |
| Total Program Service Revenue | $2,287,311 |
| 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 | $5,261,115 |
| 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. | $574,514 |
| Compensation of current officers, directors, key employees. | $100,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,381,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $123,695 |
| Payroll taxes | $142,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447,368 |
| Advertising and promotion | $11,276 |
| Office expenses | $0 |
| Information technology | $5,861 |
| Royalties | $0 |
| Occupancy | $21,744 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,590 |
| Interest | $6,256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,685 |
| Insurance | $44,493 |
| All other expenses | $388,093 |
| Total functional expenses | $3,790,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,512,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,306,569 |
| 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 | $47,549 |
| Net Land, buildings, and equipment | $2,006,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,873,260 |
| Accounts payable and accrued expenses | $118,368 |
| 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 | $46,003 |
| Unsecured mortgages and notes payable | $108,560 |
| Other liabilities | $0 |
| Total liabilities | $272,931 |
| Net assets without donor restrictions | $5,425,323 |
| Net assets with donor restrictions | $2,175,006 |
| 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 | $7,873,260 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Mqvn Community Development Corporation has recieved totaling $328,304.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: FUND FOR HEALTH EQUITY | $187,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: COMMUNITY IMPROVEMENT | $55,000 |
United Way Of Southeast Louisiana New Orleans, LA PURPOSE: GRANT FUNDING & DESIGNATED GIFTS | $50,293 |
Asian & Pacific Islander American Health Forum Oakland, CA PURPOSE: HEALTH EDUCATION | $30,000 |
National Coalition For Asian Pacific American Community Dev Washington, DC PURPOSE: Small Business Network | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bst Senior Living West Inc San Antonio, TX | $112,083,644 | $24,466,156 |
Incarnate Word Retirement Community Inc San Antonio, TX | $10,969,268 | $19,152,851 |
Woldenberg Village Inc New Orleans, LA | $27,827,418 | $14,584,574 |
Bst Senior Living East Inc San Antonio, TX | $59,251,034 | $9,119,781 |
George Gervin Youth Center Inc San Antonio, TX | $26,261,586 | $16,043,559 |
Methodist Retirement Communities The Woodlands, TX | $24,592,359 | $13,174,524 |
Lutheran Sunset Ministries Clifton, TX | $33,524,752 | $11,876,398 |
Methodist Retirement Communities The Woodlands, TX | $7,640,835 | $12,110,100 |
Wichita Falls Retirement Foundation Wichita Falls, TX | $25,020,242 | $10,435,420 |
Clarewood House Inc Houston, TX | $39,870,048 | $13,058,539 |
Air Force Villages Inc San Antonio, TX | $80,391,494 | $13,740,671 |
Methodist Retirement Communities The Woodlands, TX | $7,196,383 | $10,481,539 |