Central City Economic Opportunity Corporation

EIN: 720691608 501(c)(3) Human Services

New Orleans, LA

Total Revenue
$1,368,725
Total Expenses
$1,595,841
Total Assets
$1,203,756
Net Assets
$945,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
LA
Principal Officer
Same As C Above
Phone
5045243484
Tax Period
2024-01-01 to 2024-12-31

Central City Economic Opportunity Corporation, founded in 1968, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

Promote and develop economic opportunity to those in need of increased ecomonic opportunity; to promote the education and welfare of the people of the community; and to form special interest groups as it deems necessary to solve special problems of the community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,360,681
Program Service Revenue $7,908
Investment Income $0
Other Revenue $136
TOTAL REVENUE $1,368,725

Expense Breakdown

Grants Paid $0
Salaries & Benefits $934,466
Fundraising Expenses $0
Program Expenses $1,579,329
Other Expenses $661,375
TOTAL EXPENSES $1,595,841

Year-over-Year Comparison

2024 2023 Change
Revenue $1,368,725 $1,856,892 -0.3%
Expenses $1,595,841 $1,862,593 -0.1%
Net Income $-227,116 $-5,701 +38.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
20
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
2
$0
Total Directors
11
$0
Key Employees
1
$55,793
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marlene Wade Interim President 0.20
Officer Director
$0 $0 $0
Lina Alfieri Stern Parliamentarian 0.20
Officer Director
$0 $0 $0
Mable Blache Board Member 0.20
Director
$0 $0 $0
Norman Dixon Board Member 0.20
Director
$0 $0 $0
Peter Davis Board Member 0.20
Director
$0 $0 $0
Tanya James Board Member 0.20
Director
$0 $0 $0
Adele London Board Member 0.20
Director
$0 $0 $0
Lisa Mazique Executive Director 40.00
Key Emp
$55,793 $0 $55,793
AVIS BROCK BOARD MEMBER 0.20
Director
$0 $0 $0
STEVEN BYRD BOARD MEMBER 0.20
Director
$0 $0 $0
SHANDRELL FOREST BOARD MEMBER 0.20
Director
$0 $0 $0
GRETCHEN EDINBURGH BOARD MEMBER 0.20
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 $1,368,725 $1,595,841 $1,203,756 $-227,116
2023 $1,856,892 $1,862,593 $1,907,724 $-5,701
2022 $2,017,338 $1,812,866 $2,035,520 $204,472
2021 $1,711,614 $1,548,727 $1,510,670 $162,887
2020 $1,464,384 $1,639,496 $1,338,562 $-175,112
2019 $1,455,751 $1,448,170 $675,968 $7,581
2018 $1,415,456 $1,451,899 $645,795 $-36,443
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