INTERNATIONAL HOUSING AND ECONOMIC DEVELOPMENT CORPORATION

EIN: 874522731 501(c)(3)

NEW ORLEANS, LA

Total Revenue
$1,805,619
Total Expenses
$280,717
Total Assets
$1,591,384
Net Assets
$1,591,384
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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
2022
Legal Domicile
LA
Principal Officer
KEITH CORBETT
Phone
5044605658
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL HOUSING AND ECONOMIC DEVELOPMENT CORPORATION, founded in 2022, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 622% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 84% operating margin.

Mission

ADMINISTRATION FOR HOUSING OF THE ELDERLY AND HANDICAPPED,TO MEET THIER PHYSICAL AND SOCIAL NEEDS BY PROVIDING HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED.

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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 $1,804,673
Program Service Revenue $0
Investment Income $946
Other Revenue $0
TOTAL REVENUE $1,805,619

Expense Breakdown

Grants Paid $500
Salaries & Benefits $270,314
Fundraising Expenses $0
Program Expenses $280,717
Other Expenses $9,903
TOTAL EXPENSES $280,717

Year-over-Year Comparison

2023 2022 Change
Revenue $1,805,619 $250,078 +6.2%
Expenses $280,717 $176,854 +0.6%
Net Income $1,524,902 $73,224 +19.8%
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

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
5
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
$170,000
Total Directors
7
$4,000
Key Employees
2
$170,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIE GABLE JR CHAIRMAN 10.00
Officer Key Emp
$110,000 $0 $110,000
KEITH CORBETT TREASURER 10.00
Officer Key Emp
$60,000 $0 $60,000
DR CARL SMALLS VICE CHAIR 1.00
Director
$1,000 $0 $1,000
DR JOHNNY HAMPTON SECRETARY 1.00
Director
$1,000 $0 $1,000
DR ERIC JACKSON MEMBER 1.00
Director
$1,000 $0 $1,000
DR MICHAEL NOBLE MEMBER 1.00
Director
$0 $0 $0
REV COREY PRUITT MEMBER 1.00
Director
$1,000 $0 $1,000
DR R B HOLMES MEMBER 1.00
Director
$0 $0 $0
CLIFFORD TURNER MEMBER 1.00
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 $1,805,619 $280,717 $1,591,384 $1,524,902
2022 $250,078 $176,854 $73,224 $73,224
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