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New Orleans Redevelopment Unlimited Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030517961 ✦ New orleans, LA ✦ Designated as a 501(c)(3)

Overview

What is New Orleans Redevelopment Unlimited Inc?

New Orleans Redevelopment Unlimited Inc., established in 2004, is a nonprofit organization dedicated to eliminating and preventing slum development, promoting neighborhood revitalization, and eradicating blight. Its mission encompasses blight removal, community development, and constructing affordable housing for the disadvantaged. By acquiring and restoring blighted properties, Noru makes them commercially viable, either through sales or transfer to low-income residents. Additionally, the organization collaborates with NORA in various construction projects to provide housing for low-income residents under a cooperative agreement.


Is New Orleans Redevelopment Unlimited Inc legitimate?

New Orleans Redevelopment Unlimited Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Orleans Redevelopment Unlimited Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,590

For more financial information, click here


What is the mission statement of New Orleans Redevelopment Unlimited Inc?
Who is the CEO of New Orleans Redevelopment Unlimited Inc?
What is the revenue of New Orleans Redevelopment Unlimited Inc?
Who are the executives of New Orleans Redevelopment Unlimited Inc and what are their salaries?
Where can I find the form 990 for New Orleans Redevelopment Unlimited Inc?

Mission Statement of New Orleans Redevelopment Unlimited Inc

New Orleans Redevelopment Unlimited Inc, or Noru, was established with a mission to combat and halt the emergence of slums, stimulate neighborhood revitalization, and eliminate blight. This nonprofit organization aims to promote community development and construct affordable housing for disadvantaged individuals. By restoring blighted properties, Noru encourages commerce, either through direct sales or transfers to low-income residents. Furthermore, Noru participates in various construction projects associated with housing for low-income residents, in collaboration with NORA, through a cooperative agreement. By undertaking these activities, Noru strives to enhance the living conditions of its community members and contribute to the overall development of the area.

Impact

This information is meant to be a general summary of New Orleans Redevelopment Unlimited Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

New Orleans Redevelopment Unlimited Inc's impact lies in its efforts to eliminate and prevent the development or spread of slums, promote neighborhood revitalization, blight removal, community development, and construction of affordable housing in New Orleans. Through its work, Noru restores blighted properties to commerce through sales or transfer to low-income residents, contributing to the improvement of living conditions and revitalization of communities. Additionally, Noru's participation in construction projects involving housing for low-income residents through a cooperative agreement with NORA further underscores its commitment to addressing housing challenges and promoting affordable housing options in the city.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $69,518
  • Program Service Revenue: $0
  • Gross Receipts: $2,084,618

    • Assets and Liabilities:
  • Total Assets: $6,803,233
  • Total Liabilities: $6,653,272
  • Net Assets: $149,961
  • Organization Details

    Founding Year

    2007

    Principal Officer

    Wayne Woods

    Main Address

    1409 ORETHA CASTLE HALEY BLVD, NEW ORLEANS, LA, 70113

    NTEE Category

    Code: L22 - Housing

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