Crescent Affordable Housing Corp

Nonprofit profile at a glance

EIN
200470082
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
New Orleans, LA, USA
Phone
5046703300
Rating
38
Verdict
REVIEW
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$4,183
Expenses
$23,048
Assets
$-2,923,710
Liabilities
$548,668

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Highest reported compensation

  • TIFFANY BOVELAND (DIRECTOR): $103,304 total reported compensation
  • CHANELLE CAMPBELL WASHINGTON (DIRECTOR): $99,891 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To participate in the development of housing that is affordable to persons of low and moderate income.

What it reported doing in 2024

Summer youth employment program for youth ages 14-21 was implemented to provide summer employment opportunities to residents assisted by the housing authority of new orleans (hano).the program is designed to provide youth a positive and engaging work experience that includes life skills training while connecting them to community leaders, business owners and other stakeholders. The program covers an eight-week period with the work week not to exceed 25 hours. The program employs youth working in areas of interest such as law, medicine, mental and physical health, non- profit organizations such as broadmoor and caf reconcile and the local hud office. The 14-15 year old students were also enrolled in the six-week models for success program hosted at dillard university. Students in the program are exposed to career exploration and financial literacy, healthy lifestyles, creative writing and the arts, as well as foreign language.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 6
  • Transparency & Controls: 90
  • Accountability: 43
  • Sustainability: 5
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9.4%; rating input score 9
  • Program expense ratio: 1.7%; rating input score 2
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 33.3%; rating input score 33; 19th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -451%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: -126.85; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 47.1%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -1.7% per year; rating input score 0; 46th percentile among comparable filings
  • Revenue growth: -30.7% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -67.7% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 9.4% of revenue deployed · 1.7% of spending went to programs
  • Governance: 1 of 3 board members independent · 4 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $393 in reported program spending
  • Leadership: top reported pay $103K · 3 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 9/100.
  • High — Financial Efficiency: Program expense ratio scored 2/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.