Overview
What is Mqvn Community Development Corp Inc?
Mqvn Community Development Corp Inc, based in New Orleans, Louisiana, is a dedicated nonprofit organization with a mission to enhance the lives of local residents and small businesses. They primarily focus on facilitating community access to essential services and resources. Their offerings include promoting and providing quality healthcare and education, as well as supporting business revitalization and development. Their services extend to primary care, ObGyn, mental health, and social services, with Medicare/Medicaid and pharmacy education also available. The organization, which employs 56 individuals, is committed to preserving the unique diversity of New Orleans East and Greater New Orleans, striving for improvement in the community's overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating from Charity Navigator.
Mqvn Community Development Corp Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and transparency. The charity's overall score is derived entirely from its high Accountability & Finance score, indicating effective governance and sound financial practices. The organization boasts a fully independent board and has implemented robust policies that enhance its operational integrity.
The charity's financial management is particularly noteworthy, with a program expense ratio of 72.63%, signifying that a significant portion of its funds is directed towards its programs rather than administrative costs. This prioritization of program expenses demonstrates the organization’s focus on delivering value to its community. Additionally, the absence of any material diversion of assets and the presence of thorough financial audits bolster its credibility.
While the overall ratings indicate strong performance, it is essential for potential donors and stakeholders to consider the charity's specific programs and their impact in the community. Continuous engagement and assessment will further enhance the organization's effectiveness and ensure it meets its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mqvn Community Development Corp Inc legitimate?
Mqvn Community Development Corp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mqvn Community Development Corp Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $585,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,396,046
For more financial information, click here
What is the mission statement of Mqvn Community Development Corp Inc?
Mqvn Community Development Corp Inc's mission is centered around preserving and enhancing diversity in the lives of local residents and small businesses in New Orleans East and the wider metropolitan area. The organization is committed to facilitating access to essential services and resources within the community. Furthermore, Mqvn-CDC aims to promote and deliver quality healthcare and educational opportunities, as well as support business revitalization and development. Their mission encompasses fostering an environment that improves the quality of life for the community members.
Who is the CEO of Mqvn Community Development Corp Inc?
Diem Nguyen is the Ceo of Mqvn Community Development Corp Inc. The CEO's salary of Mqvn Community Development Corp Inc is $0 and their total compensation is $0.
What is the revenue of Mqvn Community Development Corp Inc?
Mqvn Community Development Corp Inc's revenue in 2022 was $4,795,506.
Who are the executives of Mqvn Community Development Corp Inc and what are their salaries?
The average compensation at Mqvn Community Development Corp Inc during 2022 was $35,390. There are 56 employees at Mqvn Community Development Corp Inc.
Here are 12 key members and their salaries (Mqvn Community Development Corp Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $219,698
- Related: $0
- Other: $7,442
- Compensation: $204,864
- Related: $0
- Other: $8,329
- Compensation: $134,606
- Related: $0
- Other: $6,017
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mqvn Community Development Corp Inc?
Mqvn Community Development Corp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mqvn Community Development Corp Inc
MQVN Community Development Corporation, in its mission, works toward preserving and enhancing the diversity and quality of life for residents and small businesses in New Orleans East and Greater New Orleans. Its primary focus is on facilitating access to essential services and resources within the community. Furthermore, the organization is committed to promoting and delivering top-notch healthcare and educational opportunities, as well as fostering business revitalization and growth. In essence, MQVN-CDC aims to improve the lives of its community members and local businesses by ensuring they have the necessary resources and support.
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Impact
October, 2024
Mqvn Community Development Corp Inc plays a vital role in enhancing the quality of life for residents and small businesses in New Orleans East and Greater New Orleans. By facilitating access to essential services and resources, Mqvn strives to address critical community needs, particularly in healthcare and education.
The organization operates a health center that provides primary care services, including ObGyn, mental health support, and social services, ensuring that community members receive comprehensive healthcare. This focus on health directly contributes to the overall well-being of the community, addressing both physical and mental health needs.
Moreover, Mqvn is engaged in business revitalization and development, fostering economic growth in the area. By supporting small businesses, they contribute to job creation and the local economy, ensuring that community members have access to employment opportunities. The organization’s emphasis on promoting diversity further enriches the cultural fabric of the community.
Ultimately, Mqvn Community Development Corp Inc is instrumental in creating a healthier, more vibrant, and economically stable community in New Orleans, making a significant and lasting impact on residents’ lives.
This information is meant to be a general summary of Mqvn Community Development Corp Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,928,240
- Gross Receipts: $4,795,506
Assets and Liabilities:
- Total Assets: $8,638,100
- Total Liabilities: $235,375
- Net Assets: $8,402,725
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Clinic Incentive income
Revenue
$103,432
Farm produce sales
Revenue
$118,993
Forgiveness of debt
Revenue
$99,903
Other, general
Revenue
$29,910
Service fee income
Revenue
$1,576,002
Organization Details
Founding Year
2006
Phone
(504) 255-9170Principal Officer
Diem Nguyen
Main Address
13085 Chef Menteur Highway, New Orleans, LA, 70129
NTEE Category
Code: L22 - Housing
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