Mqvn Community Development Corporation
Mqvn Community Development Corporation consistently grows assets and operates with no reported officer compensation.
EIN: 204929600 · New Orleans, LA · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $4.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $9.0M |
| Transparency Score | 90/100 |
Is Mqvn Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mqvn Community Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mqvn Community Development Corporation
Mqvn Community Development Corporation (EIN: 204929600) is a nonprofit organization based in New Orleans, LA, classified under NTEE code L22. The organization reported total revenue of $4.1M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mqvn Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mqvn Community Development Corporation is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$564K |
| Total Assets | $9.2M |
| Total Liabilities | $201K |
| Net Assets | $9.0M |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 27.0 months |
Financial Health Grade: A
In 2023, Mqvn Community Development Corporation reported a surplus of $564K with revenue exceeding expenses, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mqvn Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | +1.8% | +6.1% |
| 2022 | -8.9% | +5.4% | +9.7% |
| 2021 | +56.6% | +9.7% | +15.3% |
| 2020 | -3.8% | +2.3% | +4.5% |
| 2019 | -3.3% | +7.4% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mqvn Community Development Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mqvn Community Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $564K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Mqvn Community Development Corporation consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with over $4 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mqvn Community Development Corporation's IRS 990 filings:
- No specific red flags identified based on the provided financial data.
Strengths
The following positive indicators were identified for Mqvn Community Development Corporation:
- Consistent asset growth, increasing from $3.59 million in 2014 to $9.17 million in 2023.
- 0% reported officer compensation across all available filings, indicating high efficiency and dedication to mission.
- Revenue consistently exceeding expenses in most periods, demonstrating financial stability.
- Strong filing history with 13 IRS 990 filings, indicating good transparency and compliance.
- Healthy asset-to-liability ratio, with liabilities consistently being a small fraction of total assets.
Frequently Asked Questions about Mqvn Community Development Corporation
Is Mqvn Community Development Corporation a legitimate charity?
Mqvn Community Development Corporation (EIN: 204929600) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Mqvn Community Development Corporation spend its money?
Mqvn Community Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mqvn Community Development Corporation tax-deductible?
Mqvn Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 204929600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mqvn Community Development Corporation CEO make?
Mqvn Community Development Corporation's highest-compensated officer earns $4 annually. The organization reported $4.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mqvn Community Development Corporation's spending goes to programs?
Mqvn Community Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mqvn Community Development Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mqvn Community Development Corporation is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mqvn Community Development Corporation located?
Mqvn Community Development Corporation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 204929600. It is classified under NTEE code L22.
How many years of IRS 990 filings does Mqvn Community Development Corporation have?
Mqvn Community Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.1M in total revenue.
Is Mqvn Community Development Corporation a good charity?
Based on the financial data, Mqvn Community Development Corporation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to minimizing executive compensation, reporting 0% officer compensation for all available periods.
How has Mqvn Community Development Corporation's financial health changed over time?
Mqvn Community Development Corporation has shown consistent financial growth. Assets have more than doubled from $3.59 million in 2014 to $9.17 million in 2023. Revenue has generally increased, and expenses have been well-managed, leading to a healthy financial position.
What is the trend in Mqvn Community Development Corporation's revenue and expenses?
Revenue has generally trended upwards, from $3.39 million in 2014 to $4.63 million in 2023, with some fluctuations. Expenses have also increased but typically remained below revenue, indicating sound financial management and growth in operational capacity.
Filing History
IRS 990 filing history for Mqvn Community Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mqvn Community Development Corporation's revenue has grown by 238.7%, moving from $1.4M to $4.6M. Total assets increased by 433.7% over the same period, from $1.7M to $9.2M. Total functional expenses rose by 298.8%, from $1.0M to $4.1M. In its most recent filing year (2023), Mqvn Community Development Corporation reported a surplus of $564K, with revenue exceeding expenses. The organization holds $201K in liabilities against $9.2M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $9.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.1M | $9.2M | $201K | — | View 990 |
| 2022 | $4.8M | $4.0M | $8.6M | $235K | — | — |
| 2021 | $5.3M | $3.8M | $7.9M | $273K | — | View 990 |
| 2020 | $3.4M | $3.5M | $6.8M | $702K | — | — |
| 2019 | $3.5M | $3.4M | $6.5M | $309K | — | View 990 |
| 2018 | $3.6M | $3.1M | $6.0M | $221K | — | View 990 |
| 2017 | $3.5M | $2.8M | $5.6M | $285K | — | View 990 |
| 2016 | $3.3M | $2.7M | $5.0M | $315K | — | View 990 |
| 2015 | $3.9M | $2.7M | $4.4M | $324K | — | View 990 |
| 2014 | $3.4M | $2.3M | $3.6M | $768K | — | View 990 |
| 2013 | $2.7M | $2.4M | $2.4M | $620K | — | View 990 |
| 2012 | $2.3M | $1.7M | $2.0M | $613K | — | View 990 |
| 2011 | $1.4M | $1.0M | $1.7M | $810K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.1M, and assets of $9.2M (revenue -3.4% year-over-year).
- 2022: Revenue of $4.8M, expenses of $4.0M, and assets of $8.6M (revenue -8.9% year-over-year).
- 2021: Revenue of $5.3M, expenses of $3.8M, and assets of $7.9M (revenue +56.6% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.5M, and assets of $6.8M (revenue -3.8% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.4M, and assets of $6.5M (revenue -3.3% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.1M, and assets of $6.0M (revenue +1.9% year-over-year).
- 2017: Revenue of $3.5M, expenses of $2.8M, and assets of $5.6M (revenue +8.6% year-over-year).
- 2016: Revenue of $3.3M, expenses of $2.7M, and assets of $5.0M (revenue -15.7% year-over-year).
- 2015: Revenue of $3.9M, expenses of $2.7M, and assets of $4.4M (revenue +14.1% year-over-year).
- 2014: Revenue of $3.4M, expenses of $2.3M, and assets of $3.6M (revenue +25.1% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.4M, and assets of $2.4M (revenue +19.7% year-over-year).
- 2012: Revenue of $2.3M, expenses of $1.7M, and assets of $2.0M (revenue +65.7% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.0M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mqvn Community Development Corporation:
Data Sources and Methodology
This transparency report for Mqvn Community Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.