MQVN COMMUNITY DEVELOPMENT CORP INC

EIN: 204929600 501(c)(3) Housing & Shelter

NEW ORLEANS, LA

Total Revenue
$4,630,723
Total Expenses
$4,066,885
Total Assets
$9,167,356
Net Assets
$8,966,563
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
LA
Principal Officer
DIEM NGUYEN
Phone
5046444921
Tax Period
2022-07-01 to 2023-06-30

MQVN COMMUNITY DEVELOPMENT CORP INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2022. Expenses of $4.1M left a modest 12% surplus.

Mission

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.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,726,632
Program Service Revenue $1,877,598
Investment Income $0
Other Revenue $26,493
TOTAL REVENUE $4,630,723

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,829,481
Fundraising Expenses $0
Program Expenses $2,993,723
Other Expenses $1,237,404
TOTAL EXPENSES $4,066,885

Year-over-Year Comparison

2022 2021 Change
Revenue $4,630,723 $4,795,506 0.0%
Expenses $4,066,885 $3,993,110 +0.0%
Net Income $563,838 $802,396 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
50
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
6
$602,342
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON HORNE BOARD MEMBER 2.00
Director
$0 $0 $0
MAI DO BOARD MEMBER 2.00
Director
$0 $0 $0
KELLI DORSEY PRESIDENT & CEO 2.00
Officer Director
$0 $0 $0
CAM TRAN SECRETARY 2.00
Officer Director
$0 $0 $0
ANGELA GARCIA BOARD MEMBER 2.00
Director
$0 $0 $0
DONNA TERRE BOARD MEMBER 2.00
Director
$0 $0 $0
DAWN HEBERT BOARD MEMBER 2.00
Director
$0 $0 $0
OCTAVE RAINEY TREASURER 2.00
Officer Director
$0 $0 $0
ANDRES GARCIA BOARD MEMBER 2.00
Director
$0 $0 $0
KEITH WINFREY CMO 40.00
Officer
$238,395 $0 $238,395
DIEM NGUYEN CEO 40.00
Officer
$229,645 $0 $229,645
DAVID NGUYEN CFO 40.00
Officer
$134,302 $0 $134,302
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,630,723 $4,066,885 $9,167,356 $563,838
2022 $4,795,506 $3,993,110 $8,638,100 $802,396
2021 $5,261,115 $3,790,267 $7,873,260 $1,470,848
2020 $3,359,941 $3,456,380 $6,831,058 $-96,439
Explore More Nonprofits
Top 100 Nonprofits in Louisiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MQVN COMMUNITY DEVELOPMENT CORP INC with other nonprofits in Louisiana and across the country.