Overview
What is Thrive New Orleans?
Thrive New Orleans is a dedicated nonprofit organization based in New Orleans, Louisiana, with a specific focus on affordable housing and housing rehabilitation services. Their mission is twofold: first, to serve as a catalyst for lifting individuals and families out of material and asset poverty, and second, to holistically restore their community. With a vision of empowering individuals to positively impact their lives, families, and community, Thrive New Orleans employs a team of 34 individuals to accomplish these goals. Their work primarily revolves around providing housing rehabilitation services, aiming to enhance living conditions and promote overall community development.
Official website here: www.thrivenola.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Thrive New Orleans has earned a Three-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The organization scored particularly high in areas such as independent board governance and financial oversight, indicating strong practices in maintaining transparency and ethical standards. The absence of material diversion of assets and the presence of policies like conflict of interest and whistleblower protections further underline its responsible management.
However, the organization faces challenges in its financial ratios, particularly concerning its liabilities to assets and working capital, which received lower scores. While the program expense ratio is commendable at 79.56%, indicating effective allocation of resources towards its mission, the working capital ratio of 0.26 years suggests potential cash flow issues. This discrepancy highlights the importance of financial stability in sustaining operations and achieving long-term goals.
Overall, Thrive New Orleans demonstrates solid governance and transparency, yet must address its financial health to ensure continued effectiveness and reliability in its initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Thrive New Orleans?
100% of 8 reviewers on Facebook recommend Thrive New Orleans. Here is a summary of their reviews:
The feedback highlights a strong appreciation for the organization, especially noting its impactful ministry in the New Orleans community. Reviewers commend the fresh and strong leadership, which seems to resonate well with those involved. The clear vision articulated by Thrive New Orleans is seen as a significant strength, inspiring confidence in its mission and initiatives.
Overall, there is a clear sentiment of satisfaction, with participants expressing enthusiasm for the services being provided and the leadership steering the organization. Thrive New Orleans appears to effectively meet the needs of its community, fostering a positive spirit among its supporters.
This AI summary has been generated from reviews found on Facebook.
Is Thrive New Orleans legitimate?
Thrive New Orleans is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thrive New Orleans 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,185,986
For more financial information, click here
Official website here: www.thrivenola.org
What is the mission statement of Thrive New Orleans?
Thrive New Orleans serves as a catalyst to empower individuals, families, and the community, aiming to lift people out of material and asset poverty. Their mission is to holistically restore the community by acting as a facilitator. The organization's primary focus is on providing affordable housing and rehabilitation services, aiming to contribute positively to the lives of those in need.
Official website here: www.thrivenola.org
Who is the CEO of Thrive New Orleans?
Clarence Morse is the Executive Di of Thrive New Orleans.
Official website here: www.thrivenola.org
What is the revenue of Thrive New Orleans?
Thrive New Orleans's revenue in 2022 was $2,931,591.
Official website here: www.thrivenola.org
Who are the executives of Thrive New Orleans and what are their salaries?
The average compensation at Thrive New Orleans during 2022 was $34,882. There are 34 employees and 15 volunteers at Thrive New Orleans.
Here are 9 key members and their salaries:
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Official website here: www.thrivenola.org
Where can I find the form 990 for Thrive New Orleans?
Thrive New Orleans's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thrivenola.org
Learn more at the official website: www.thrivenola.org
Mission Statement of Thrive New Orleans
Thrive New Orleans, as a catalyst, aims to empower individuals, families, and the community at large, working towards lifting people out of material and asset poverty. The organization's mission is centered around restoring the community in a holistic manner. It aspires to serve as a driving force, helping individuals gain the strength and resources necessary to transform their lives and contribute positively to their communities. In line with this mission, Thrive New Orleans provides affordable housing rehabilitation services, contributing to the overall well-being and stability of the people it serves.
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Impact
October, 2024
Thrive New Orleans significantly impacts the community by empowering individuals to transform their lives and families while fostering a stronger neighborhood. Through initiatives focusing on affordable housing, it provides essential rehabilitation services that help restore deteriorated properties, thereby improving living conditions and enhancing community aesthetics. This support acts as a catalyst for lifting individuals out of material and asset poverty, creating a ripple effect that leads to holistic community restoration. The organization’s efforts not only address immediate housing needs but also promote a sustainable path toward empowerment and self-sufficiency, ultimately contributing to stronger, more resilient communities in New Orleans.
This information is meant to be a general summary of Thrive New Orleans. 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.
- Investment Income: $54,236
- Program Service Revenue: $108,024
- Gross Receipts: $3,152,355
Assets and Liabilities:
- Total Assets: $2,648,610
- Total Liabilities: $2,096,190
- Net Assets: $552,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$90,594
CONTRACT INCOME
Revenue
$17,430
Organization Details
Founding Year
2008
Phone
(504) 564-7739Principal Officer
Clarence Morse
Main Address
1433 NORTH CLAIBORNE AVE, NEW ORLEANS, LA, 70116
Website
www.thrivenola.orgNTEE Category
Code: P40 - Human services
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