NINTH WARD HOUSING DEVELOPMENT CORPORATION

EIN: 720696316 501(c)(3) Housing & Shelter

New Orleans, LA

Total Revenue
$103,635
Total Expenses
$182,585
Total Assets
$1,921,530
Net Assets
$1,909,726
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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
1969
Legal Domicile
LA
Principal Officer
Furturll Dumas
Phone
5042598054
Tax Period
2023-07-01 to 2024-06-30

NINTH WARD HOUSING DEVELOPMENT CORPORATION, founded in 1969, is a small nonprofit in the Housing & Shelter sector that reported $104K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 76% operating deficit.

Mission

Provided Housing/Social Community Services

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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 $184
Program Service Revenue $103,439
Investment Income $12
Other Revenue $0
TOTAL REVENUE $103,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $91,170
Other Expenses $182,585
TOTAL EXPENSES $182,585

Year-over-Year Comparison

2023 2022 Change
Revenue $103,635 $364,001 -0.7%
Expenses $182,585 $147,994 +0.2%
Net Income $-78,950 $216,007 -1.4%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Furtrull Dumas Treasurer 6
Officer
$0 $0 $0
Thomas Jasper President 6
Key Emp
$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
2025 No data No data No data No data
2024 $103,635 $182,585 $1,921,530 $-78,950
2023 $364,001 $147,994 $2,030,281 $216,007
2022 $211,716 $128,992 $1,817,482 $82,724
2021 $355,511 $119,629 $1,724,556 $235,882
2020 $942,997 $67,655 $1,544,278 $875,342
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