NEW ORLEANS REDEVELOPMENT UNLIMITED INC (EIN 030517961) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

WAYNE WOODS

Phone

5046584400

Tax Period

2023-01-01 to 2023-12-31

NEW ORLEANS REDEVELOPMENT UNLIMITED INC, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 8% surplus.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,978,813

Program Service Revenue $0

Investment Income $151,982

Other Revenue $338,041

TOTAL REVENUE $2,468,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,714

Fundraising Expenses $0

Program Expenses $1,980,629

Other Expenses $2,110,199

TOTAL EXPENSES $2,263,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,468,836	$2,084,618	+0.2%
Expenses	$2,263,913	$2,038,295	+0.1%
Net Income	$204,923	$46,323	+3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNNETTE COLIN	MEMBER	1	Director	$0	$0	$0
WAYNE WOODS	PRESIDENT	1	Officer	$0	$0	$0
RICHARD CORTIZAS	VICE PRESIDENT	1	Officer	$0	$0	$0
DARRICK LEBEOUF	SECRETARY TREASURER	1	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,468,836	$2,263,913	$8,712,509	$204,923
2022	$2,084,618	$2,038,295	$6,803,233	$46,323
2021	$1,361,992	$1,368,355	$5,774,655	$-6,363
2020	$1,787,998	$1,790,886	$5,340,736	$-2,888
2019	$1,660,853	$1,639,697	$4,298,417	$21,156
2018	$1,813,785	$1,777,200	$3,224,038	$36,585

NEW ORLEANS REDEVELOPMENT UNLIMITED INC