Lets Talk Money

Nonprofit profile at a glance

EIN
883174707
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
Location
Monroe, LA, USA
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Improvement, Capacity Building N.E.C.

Reported finances

Revenue
$845,918
Expenses
$237,776
Assets
$731,246
Liabilities
$77,508

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Zuleika Moore (Executive Director)
  • Anthony Moore (President)
  • Malcolm Moore (Vice President)

Highest reported compensation

  • Zuleika Moore (Executive Director): $4,065 total reported compensation

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

Overview

Mission

Our efforts are centered on the development of affordable housing and providing residents with the tools and information they need to break cycles of poverty and financial instability.

What it reported doing in 2024

During the year the organization completed McElroy Phase 1 Project that improved the lives of 5 low income families by providing $782,592.84 worth of safe, energy efficient, affordable housing. New construction of two duplexes with 2 Bedrooms, 1.5 bathrooms and 1 single family home with 3 Bedrooms and 2 baths equipped with washer and dryer, dishwasher, refrigerator, stove and a garage were developed. All units are located in B plus public school zones, in safe neighborhoods near grocery stores, churches, and public transportation offering these families stability and convenience. Paying rent under 30 percent of their monthly income enables these low income families to move beyond living paycheck to paycheck, allowing them to save, budget effectively, and achieve greater financial stability. The construction and development of this project generated employment opportunities and invigorated the local economy. By employing 55 percent HUD Section 3 subcontractors, it provided these low income individuals with access to jobs created through a HUD funded project. This project represents a significant investment in housing stability in the community.

Operating model

Revenue model
Grant-funded. 86% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 93
  • Accountability: 66
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.4%; rating input score 25
  • Program expense ratio: 90.3%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 71.9%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 3.08; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 133.6% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 176.4% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 25.4% of revenue deployed · 90.3% of spending went to programs
  • Governance: 3 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $215K in reported program spending
  • Leadership: top reported pay $4K · 6 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 25/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.