GREATER TREME CONSORTIUM INC

EIN: 721245393 501(c)(3) Religion

NEW ORLEANS, LA

Total Revenue
$183,173
Total Expenses
$221,877
Total Assets
$264,610
Net Assets
$264,610
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
LA
Principal Officer
CHERYL AUSTIN
Tax Period
2023-01-01 to 2023-12-31

GREATER TREME CONSORTIUM INC, founded in 1993, is a small nonprofit in the Religion sector that reported $183K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $222K exceeded revenue, resulting in a 21% operating deficit.

Mission

ACQUIRE, RENOVATE AND PROVIDE HOUSING TO LOW-INCOME INDIVIDUALS IN AN EFFORT TO INTRODUCE FIRT-TIME HOMEOWNERSHIP INITIATIVES.

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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 $183,173
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $183,173

Expense Breakdown

Grants Paid $114,590
Salaries & Benefits $32,500
Fundraising Expenses $0
Program Expenses $221,877
Other Expenses $74,787
TOTAL EXPENSES $221,877

Year-over-Year Comparison

2023 2022 Change
Revenue $183,173 $132,856 +0.4%
Expenses $221,877 $121,643 +0.8%
Net Income $-38,704 $11,213 -4.5%
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
9
Independent Members
9
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
$32,500
Total Directors
0
$0
Key Employees
1
$32,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL AUSTIN EXEC DIR 40.00
Officer Key Emp Highest
$32,500 $0 $32,500
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 $183,173 $221,877 $264,610 $-38,704
2022 $132,856 $121,643 $297,661 $11,213
2021 $89,540 $109,267 $280,812 $-19,727
2020 $146,168 $94,847 $135,784 $51,321
2019 $93,685 $123,467 $81,730 $-29,782
2018 $65,065 $119,628 $97,026 $-54,563
2018 $82,065 $132,084 $109,352 $-50,019
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