DESIRE COMMUNITY HOUSING CORPORATION

EIN: 720689712 501(c)(3)

NEW ORLEANS, LA

Total Revenue
$1,616,959
Total Expenses
$823,103
Total Assets
$1,887,163
Net Assets
$1,125,502
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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
1968
Legal Domicile
LA
Principal Officer
WILBERT THOMAS SR
Phone
5049051425
Tax Period
2023-01-01 to 2023-12-31

DESIRE COMMUNITY HOUSING CORPORATION, founded in 1968, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $794K, a strong 49% operating margin.

Mission

PROVIDING AFFORDABLE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,607,338
Program Service Revenue $9,621
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,616,959

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,175
Fundraising Expenses $0
Program Expenses $821,535
Other Expenses $805,928
TOTAL EXPENSES $823,103

Year-over-Year Comparison

2023 2022 Change
Revenue $1,616,959 N/A N/A
Expenses $823,103 N/A N/A
Net Income $793,856 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
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
1
$6,736
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILBERT THOMAS SR PRES/CEO 40.00
Officer
$6,736 $0 $6,736
FRANKIE DANIELS BORAD PRES 0.50
Director
$0 $0 $0
BARBARA WILLIAMS TREASURER 0.50
Director
$0 $0 $0
DAVID BELFIED ESQ MEMBER 0.50
Director
$0 $0 $0
TILMAN MOORE SECRETARY 0.50
Director
$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 $1,616,959 $823,103 $1,887,163 $793,856
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