Overview
What is Tulanecanal Neighborhood Development Corporation?
Tulanecanal Neighborhood Development Corporation (TCNDC) is a nonprofit organization situated in New Orleans, Louisiana, with a mission to maintain the diversity and vitality of the Tulane Canal neighborhood by promoting affordable homeownership and community development. By recognizing institutional racism and poverty, TCNDC envisions a neighborhood where all residents have access to stable and affordable housing, thereby fostering a more equitable community. The corporation accomplishes this goal through three main programs: constructing single-family homes for low-income first-time homebuyers, offering one-on-one financial literacy and homebuyer counseling, and performing homeowner-occupied repairs for elderly homeowners. TCNDC operates with a workforce of three dedicated individuals, committed to empowering and uplifting the community.
Official website here: www.tulanecanalndc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Tulanecanal Neighborhood Development Corporation has received a Two-Star rating, indicating an overall satisfactory performance but with notable areas for improvement. The organization has a strong accountability structure, with a 100% independent board and no reported material diversions of assets. Its program expense ratio is commendable at 79.76%, suggesting that a significant portion of its funds is directed towards its programs.
However, the organization faces challenges in certain governance practices, particularly the absence of a whistleblower policy and a document retention and destruction policy, which could indicate potential weaknesses in transparency and risk management. Additionally, while it scored well in equity strategies, the liabilities to assets ratio of 64.81% raises concerns about financial stability. Overall, while Tulanecanal Neighborhood Development Corporation demonstrates strengths in program execution and governance, attention to policy deficiencies and financial ratios is recommended for better accountability and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Tulanecanal Neighborhood Development Corporation legitimate?
Tulanecanal Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tulanecanal Neighborhood Development Corporation 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: $97,292
For more financial information, click here
Official website here: www.tulanecanalndc.com
What is the mission statement of Tulanecanal Neighborhood Development Corporation?
Tulanecanal Neighborhood Development Corporation, as a non-profit organization, is dedicated to preserving the diversity and vitality of a specific neighborhood by promoting affordable homeownership and community development. Recognizing the impacts of institutional racism and poverty, the corporation envisions a community where all residents have access to stable and affordable housing, thereby fostering a more equitable living environment. The organization's mission is centered around creating opportunities for a more inclusive and balanced community.
Official website here: www.tulanecanalndc.com
Who is the CEO of Tulanecanal Neighborhood Development Corporation?
Nashawn Johnson is the President of Tulanecanal Neighborhood Development Corporation.
Official website here: www.tulanecanalndc.com
What is the revenue of Tulanecanal Neighborhood Development Corporation?
Tulanecanal Neighborhood Development Corporation's revenue in 2022 was $56,178.
Official website here: www.tulanecanalndc.com
Who are the executives of Tulanecanal Neighborhood Development Corporation and what are their salaries?
The average compensation at Tulanecanal Neighborhood Development Corporation during 2022 was $32,431. There are 3 employees at Tulanecanal Neighborhood Development Corporation.
Here are 6 key members and their salaries:
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Official website here: www.tulanecanalndc.com
Where can I find the form 990 for Tulanecanal Neighborhood Development Corporation?
Tulanecanal Neighborhood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tulanecanalndc.com
Learn more at the official website: www.tulanecanalndc.com
Mission Statement of Tulanecanal Neighborhood Development Corporation
Tulane Canal Neighborhood Development Corporation (TCNDC) is a non-profit organization committed to preserving the diversity and vitality of its community. Recognizing the impacts of institutional racism and poverty, TCNDC aims to establish a neighborhood where every resident has access to affordable and stable housing. This mission is driven by the goal of fostering a more equitable community. By focusing on affordable home ownership and community development, TCNDC works towards creating a neighborhood that welcomes and supports all residents, promoting a sense of unity and fairness.
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Impact
August, 2024
Tulanecanal Neighborhood Development Corporation's impact can be seen in the tangible improvements it brings to the Tulane Canal neighborhood in New Orleans. By focusing on affordable homeownership and community development, TCNDC is actively working to maintain the diversity and vibrancy of the area. Through their programs targeting low-income first-time homebuyers, financial literacy and homebuyer counseling, and home repairs for elderly homeowners, TCNDC is addressing key issues of stability, affordability, and equity in housing.
Their efforts not only help individual families and individuals who may be struggling financially but also contribute to the overall well-being of the neighborhood. By providing opportunities for affordable housing and promoting community development, TCNDC plays a crucial role in building a more equitable community and striving to combat institutional racism and poverty in the area.
Overall, Tulanecanal Neighborhood Development Corporation's impact is significant in creating a positive and sustainable impact on the Tulane Canal neighborhood, ensuring that all residents have access to stable, affordable housing and fostering a more inclusive and vibrant community.
This information is meant to be a general summary of Tulanecanal Neighborhood Development Corporation. 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: $110
- Gross Receipts: $56,178
Assets and Liabilities:
- Total Assets: $830,586
- Total Liabilities: $538,440
- Net Assets: $292,146
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Organization Details
Founding Year
2001
Phone
(504) 439-3425Principal Officer
Nashawn Johnson
Main Address
2200 TULANE AVENUE 200 A, NEW ORLEANS, LA, 70119
Website
www.tulanecanalndc.comNTEE Category
Code: L20 - Housing
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