New Orleans Neighborhood Development Foundation

Analysis

New Orleans Neighborhood Development Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Orleans Neighborhood Development Foundation reported income of $347k and spending of $386k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $825k to $347k (-58%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Orleans Neighborhood Development Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include Rockport Affordable Housing Inc ($347k), Ridgebury Apartments Inc ($347k) and Rural Development Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $136k (35% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.0m against liabilities of $165k, net assets of $842k. It reported 4 employees.