Mqvn Community Development Corp Inc
Nonprofit profile at a glance
- EIN
- 204929600
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- New Orleans, LA, USA
- Phone
- 5046444921
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $4,189,671
- Expenses
- $4,370,744
- Assets
- $9,136,585
- Liabilities
- $593,477
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- KELLI DORSEY (BOARD CHAIR & CEO)
- DIEM NGUYEN (FORMER CEO)
Highest reported compensation
- KEITH WINFREY (CMO): $280,830 total reported compensation
- DIEM NGUYEN (FORMER CEO): $264,266 total reported compensation
- MARIA E RAMIREZ (PHYSICIAN): $145,543 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 65
- Accountability: 95
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.6%; rating input score 42
- Program expense ratio: 39.9%; rating input score 40
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.3%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 2.09; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 21.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 41.6% of revenue deployed · 39.9% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $281K · 16 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Officer compensation ratio scored 11/100.