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Nonprofiteer
← MQVN COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by MQVN COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$4,630,723
Total expenses
$4,066,885
Contributions and grants received
$2,726,632
Grants paid
$0
Program service revenue
$1,877,598
Investment income
$0
Other revenue
$26,493
Total assets, end of year
$9,167,356
Total liabilities, end of year
$200,793
Net assets or fund balances, end of year
$8,966,563
Program services expenses (Part IX)
$2,993,723
Management and general expenses
$1,073,162
Fundraising expenses
$0
Program service expenses (Part III)
$2,993,723

Program services were 73.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,726,632

  • 2a · Program service revenue: PATIENT SERVICE REVENU

    total $1,756,610 · related or exempt $1,756,610

  • 2b · Program service revenue: INSURANCE INCENTIVE IN

    total $120,988 · related or exempt $120,988

  • 11a · Other revenue: MISCELLANEOUS

    total $26,493 · related or exempt $26,493

  • 11e · Other revenue, total

    $26,493

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $602,343 · program services $494,714 · management and general $107,629

  • 7 · Other salaries and wages

    total $1,924,916 · program services $1,580,965 · management and general $343,951

  • 9 · Other employee benefits

    total $153,796 · program services $114,814 · management and general $38,982

  • 10 · Payroll taxes

    total $148,426 · program services $110,805 · management and general $37,621

  • 11c · Fees: accounting

    total $31,724 · program services $13,026 · management and general $18,698

  • 11g · Fees: other

    total $171,278 · program services $70,329 · management and general $100,949

  • 13 · Office expenses

    total $46,469 · program services $10,674 · management and general $35,795

  • 16 · Occupancy

    total $46,510 · program services $13,885 · management and general $32,625

  • 17 · Travel

    total $38,669 · program services $3,000 · management and general $35,669

  • 22 · Depreciation, depletion and amortization

    total $68,958 · management and general $68,958

  • 24a · Other expenses: HEALTH CLINIC

    total $546,014 · program services $400,623 · management and general $145,391

  • 24b · Other expenses: OPERATING SERVICES

    total $142,212 · program services $48,690 · management and general $93,522

  • 24c · Other expenses: EQUIPMENT/MAINTENANCE

    total $76,544 · program services $72,072 · management and general $4,472

  • 24d · Other expenses: MISCELLANEOUS

    total $35,651 · program services $26,751 · management and general $8,900

  • 24e · All other expenses

    total $33,375 · program services $33,375

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,069,045 · end of year $6,543,584

  • 4 · Accounts receivable

    beginning of year $534,370 · end of year $623,087

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,630 · end of year $74,391

  • 10a · Land, buildings and equipment: cost or other basis

    $2,832,349

  • 10b · Land, buildings and equipment: accumulated depreciation

    $906,055

  • 10c · Land, buildings and equipment, net

    beginning of year $1,987,055 · end of year $1,926,294

  • 17 · Accounts payable and accrued expenses

    beginning of year $196,428 · end of year $183,685

  • 24 · Unsecured notes and loans payable

    beginning of year $38,947 · end of year $17,108

  • 27 · Net assets without donor restrictions

    beginning of year $6,415,670 · end of year $8,966,563

  • 28 · Net assets with donor restrictions

    beginning of year $1,987,055 · end of year $0

Mission and programs · 2022

Mission

MQVN COMMUNITY DEVELOPMENT CORPORATION'S (MQVN-CDC) MISSION IS TO PRESERVE AND PROMOTE A UNIQUE DIVERSITY AND IMPROVEMENT OF THE LIVES OF RESIDENTS AND SMALL BUSINESSES IN NEW ORLEANS EAST AND GREATER NEW ORLEANS. WE ARE FOCUSING ON FACILITATING COMMUNITY ACCESS TO SERVICES AND RESOURCES, AND TO PROMOTE AND PROVIDE QUALITY HEALTHCARE AND EDUCATION, AS WELL AS BUSINESS REVITALIZATION AND DEVELOPMENT.

  • NOELA COMMUNITY HEALTH CENTER PROVIDES PRIMARY CARE SERVICES TO THE ADULT AND PEDIATRIC POPULATIONS WITHIN NEW ORLEANS EAST COMMUNITY AND ITS SURROUNDING NEIGHBORHOODS WHO SUFFER FROM LIMITED ACCESS TO HEALTH CARE. OUR GOAL IS TO IMPROVE THE HEALTH AND WELL-BEING OF UNDERSERVED COMMUNITIES IN AND AROUND THE NEW ORLEANS EAST AREA BY PROVIDING ACCESSIBLE, AFFORDABLE, HIGH QUALITY, CULTURALLY COMPETENT COMMUNITY BASED PRIMARY, PREVENTIVE, REHABILITATIVE, AND BEHAVIORAL HEALTH CARE. SERVICES INCLUDE PRIMARY CARE, OBGYN, MENTAL HEALTH AND SOCIAL SERVICES, MEDICARE/MEDICAID, AND PHARMACY EDUCATION.

    Expenses $2,925,815 · Revenue $1,904,091

  • VEGGI FARMERS COOPERATIVE IS DEDICATED TO EMPOWERING GROWERS IN THE GREATER NEW ORLEANS AREA, STARTING IN NEW ORLEANS EAST, IN ORDER TO CREATE SUSTAINABLE, HIGH QUALITY JOBS THAT ENHANCE THE QUALITY OF LIFE OF COMMUNITIES THROUGH INCREASING LOCAL FOOD ACCESS AND PROMOTION OF SUSTAINABLE AGRICULTURE.

    Expenses $67,908

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jason Horne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mai Do

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kelli Dorsey

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    2

  • Cam Tran

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Angela Garcia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Donna Terre

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dawn Hebert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Octave Rainey

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Andres Garcia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Keith Winfrey

    CMO

    Total calculated
    $238,395
    From this org
    $238,395
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,220
    Bonus
    $0
    Other
    $9,175
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $238,395

  • Diem Nguyen

    CEO

    Total calculated
    $229,645
    From this org
    $229,645
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,515
    Bonus
    $0
    Other
    $20,130
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $229,645

  • David Nguyen

    CFO

    Total calculated
    $134,302
    From this org
    $134,302
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 March 2024
IRS schema version
2022v5.0
Source object
202420829349300167

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