Associated Neighborhood Development Inc
Nonprofit profile at a glance
- EIN
- 721334910
- IRS 990 coverage
- 2012–2012
- Forms available
- Form 990 2012
- Location
- New Orleans, LA, USA
- Phone
- 5045811427
- Rating confidence
- Limited
- Sector
- Neighborhood, Block Associations
Reported finances
- Revenue
- $836,194
- Expenses
- $723,913
- Assets
- $1,399,806
- Liabilities
- $767,183
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
8 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Associated Neighborhood Development (AND) is a nonprofit community housing development corporation whose mission is to develop inner-city affordable housing for low to moderate income families. AND achieves its mission by providing or arranging to provide for the redevelopment or rehabilitation, selling, leasing or maintaining of decent affordable housing in the greater New Orleans metropolitan area. The organization works with public and private organizations, businesses and individuals in the redevelopment of target areas and strives to be a catalyst for community revitalization and economic development of inner city neighborhoods.
What it reported doing in 2012
Affordable Housing Program: To provide, or arrange for the providing of decent, affordable housing for low and moderate income persons residing in the Greater New Orleans Metropolitan Area
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 84
- Sustainability: 57
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.4%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $624K in reported program spending
- Leadership: top reported pay $71K · 8 people listed
- Highest-paid contractors: 1 contractor listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.