UJAMAA ECONOMIC DEVELOPMENT CORPORATION

EIN: 825254066 501(c)(3) Community Improvement

New Orleans, LA

Total Revenue
$606,229
Total Expenses
$813,399
Total Assets
$681,549
Net Assets
$635,111
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
LA
Principal Officer
Nyree Ramsey
Phone
5042581389
Tax Period
2024-01-01 to 2024-12-31

UJAMAA ECONOMIC DEVELOPMENT CORPORATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $606K in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $813K exceeded revenue, resulting in a 34% operating deficit.

Mission

The Ujamaa Economic Development Corporation was organized with a mission of equitable redevelopment of the Claiborne Corridor and adjacent communities, and with a commitment by the organization's leadership to ensure the resident-led initiatives of cultural preservation, economic opportunity, housing affordability, environmental sustainability, and safe and healthy neighborhoods for this historic Claiborne 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 $527,732
Program Service Revenue $0
Investment Income $0
Other Revenue $78,497
TOTAL REVENUE $606,229

Expense Breakdown

Grants Paid $0
Salaries & Benefits $222,210
Fundraising Expenses $0
Program Expenses $610,049
Other Expenses $591,189
TOTAL EXPENSES $813,399

Year-over-Year Comparison

2024 2023 Change
Revenue $606,229 $295,365 +1.1%
Expenses $813,399 $488,160 +0.7%
Net Income $-207,170 $-192,795 +0.1%
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

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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
11
Independent Members
11
Employees
9
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
4
$0
Total Directors
10
$0
Key Employees
1
$95,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nyree Ramsey Executive Director 50
Key Emp
$95,000 $0 $95,000
Judith Dangerfield Member 2
Director
$0 $0 $0
Edgar Chase IV Vice Chair 3
Officer Director
$0 $0 $0
Asali DeVan Ecclesiastes Member 2
Director
$0 $0 $0
Carol Bebelle Member 2
Director
$0 $0 $0
D Joan Brown Member 2
Director
$0 $0 $0
Terry Williams Member 2
Director
$0 $0 $0
Fred Johnson Member 2
Director
$0 $0 $0
Gentelle Pedescleaux Secretary 2
Officer Director
$0 $0 $0
Kristyna Jones Chair 3
Officer Director
$0 $0 $0
Jean Guy Celestine Treasurer 3
Officer 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 $606,229 $813,399 $681,549 $-207,170
2023 $295,365 $488,160 $896,230 $-192,795
2022 $570,347 $312,686 $1,093,872 $257,661
2021 $802,986 $182,305 $740,017 $620,681
2019 $282,713 $107,292 $181,261 $175,421
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