Overview
What is First Evangelist Housing & Community Dev Corp?
First Evangelist Housing & Community Dev Corp is a publicly-driven nonprofit entity situated in New Orleans, Louisiana. Their primary focus is to offer secure, well-maintained, and reasonably priced housing options for the community. As a public housing organization, they are committed to ensuring the availability of habitable living spaces, thereby contributing to the betterment of their locality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
First Evangelist Housing & Community Development Corporation has received a Three-Star rating from Charity Navigator with an overall score of 79%. This score is based entirely on the organization's Accountability & Finance metrics, reflecting strong governance and transparency practices. The charity has achieved a perfect score in several key areas, including having a fully independent board and effective conflict of interest and whistleblower policies.
The organization demonstrates a commendable program expense ratio of 92.14%, indicating that a significant majority of its expenditures are directed towards its programs rather than administrative costs. This efficiency highlights its commitment to effectively utilizing donations for community impact. Additionally, the charity has no reported material diversion of assets, which reinforces its financial integrity.
However, the organization faces a challenge with its liabilities to assets ratio, which stands at 132.81%. This high ratio suggests that the organization may have more liabilities than assets, a potential concern for its financial sustainability. While the overall rating reflects strong governance and operational practices, stakeholders may want to consider this financial aspect when assessing the charity's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is First Evangelist Housing & Community Dev Corp legitimate?
First Evangelist Housing & Community Dev Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Evangelist Housing & Community Dev Corp 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: $59,152
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What is the mission statement of First Evangelist Housing & Community Dev Corp?
First Evangelist Housing & Community Development Corporation is committed to providing safe, clean, and affordable housing. As a public organization, its primary objective is to cater to this essential need in the community. Although the provided data does not include a specific mission statement, it can be inferred that the corporation aims to enhance the living conditions of its residents by ensuring they have access to suitable housing solutions.
Who is the CEO of First Evangelist Housing & Community Dev Corp?
Marion Taylor is the President of First Evangelist Housing & Community Dev Corp.
What is the revenue of First Evangelist Housing & Community Dev Corp?
First Evangelist Housing & Community Dev Corp's revenue in 2021 was $632,773.
Who are the executives of First Evangelist Housing & Community Dev Corp and what are their salaries?
The average compensation at First Evangelist Housing & Community Dev Corp during 2021 was $19,717. There are 3 employees at First Evangelist Housing & Community Dev Corp.
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Where can I find the form 990 for First Evangelist Housing & Community Dev Corp?
First Evangelist Housing & Community Dev Corp's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of First Evangelist Housing & Community Dev Corp
First Evangelist Housing & Community Dev Corp is a dedicated nonprofit organization that prioritizes providing secure, hygienic, and reasonably priced living spaces in New Orleans, Louisiana. Its primary mission is centered around offering safe and affordable housing solutions to its community. The corporation strives to improve the living conditions of its residents, ensuring they have access to clean and well-maintained homes. By doing so, it contributes to the overall betterment and well-being of the community it serves.
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Impact
July, 2024
First Evangelist Housing & Community Dev Corp has a significant impact on the community in New Orleans by providing safe, clean, and affordable housing options for residents. Their mission to offer quality housing contributes to the overall well-being and stability of individuals and families in the city. By addressing the need for affordable housing, they help improve the quality of life for many in New Orleans.
This information is meant to be a general summary of First Evangelist Housing & Community Dev Corp. 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 2021.
- Program Service Revenue: $381,687
- Gross Receipts: $632,773
Assets and Liabilities:
- Total Assets: $3,778,213
- Total Liabilities: $4,311,914
- Net Assets: -$533,701
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$380,813
Rental refund
Revenue
$174
Rental deposit
Revenue
$700
Organization Details
Founding Year
2003
Phone
(504) 523-8256Principal Officer
Marion Taylor
Main Address
2826 Martin Luther King, New Orleans, LA, 70113
NTEE Category
Code: L25 - Housing
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