CHALDEAN CHAMBER OF COMMERCE INC DBA CHALDEAN AMERICAN CHAMBER OF COMMERCE

EIN: 161657532 Community Improvement

FARMINGTON HILLS, MI

Total Revenue
$823,386
Total Expenses
$817,449
Total Assets
$836,293
Net Assets
$830,701
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MI
Principal Officer
MARTIN MANNA
Phone
2488511200
Tax Period
2023-01-01 to 2023-12-31

CHALDEAN CHAMBER OF COMMERCE INC DBA CHALDEAN AMERICAN CHAMBER OF COMMERCE, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $823K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO ADVOCATE AND PROMOTE AN ENVIRONMENT THAT FOSTERS ECONOMIC GROWTH BY BUILDING BUSINESS, RELATIONSHIPS, AND COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $141,915 Revenue: $399,950

ANNUAL AWARDS DINNER THE PREMIER EVENT WHICH TYPICALLY SELLS OUT EACH YEAR, ATTRACTING MORE THAN 900 ATTENDEES. AT THE ANNUAL AWARDS DINNER, COMMUNITY MEMBERS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS...

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ANNUAL AWARDS DINNER THE PREMIER EVENT WHICH TYPICALLY SELLS OUT EACH YEAR, ATTRACTING MORE THAN 900 ATTENDEES. AT THE ANNUAL AWARDS DINNER, COMMUNITY MEMBERS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS ARE RECOGNIZED AND HONORED. THE PROGRAM ALSO INCLUDES A PRE- AND AFTER-GLOW, SCOTCH AND CIGAR BAR AND SOCIAL MEDIA LOUNGE. TABLES ARE DISTRIBUTED BY SPONSORSHIP AND THE SPRING EVENT SELLS OUT EACH YEAR.

Program 2
Expenses: $36,854 Revenue: $108,590

ANNUAL GOLF OUTINGS THE ANNUAL CHALDEAN COMMUNITY GOLF OUTING IS HELD IN JUNE AND INCLUDES DINNER, AN AUCTION, A RAFFLE, AND A TROPHY. 144 GOLFERS GATHER AT SHENANDOAH TO VIEW FOR THE BRAGGING RIGHTS...

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ANNUAL GOLF OUTINGS THE ANNUAL CHALDEAN COMMUNITY GOLF OUTING IS HELD IN JUNE AND INCLUDES DINNER, AN AUCTION, A RAFFLE, AND A TROPHY. 144 GOLFERS GATHER AT SHENANDOAH TO VIEW FOR THE BRAGGING RIGHTS OF WHICH FOURSOME HAD THE LEAST AMOUNT OF STROKES. GREAT GIVEAWAYS LIKE STOCKED COOLERS AND YETI TUMBLERS MAKE THIS THE GAME TO GO TO. SELLS OUT EARLY EVERY YEAR.

Program 3
Expenses: $8,200 Revenue: $58,100

ANNUAL BUSINESS LUNCHEON THE ANNUAL BUSINESS LUNCHEON, BUSINESS AND CORPORATE MEMBERS HAVE THE OPPORTUNITY TO VISIT EACH OTHER'S DISPLAY TABLES BEFORE A DELICIOUS LUNCHEON IS SERVED WHILE GUEST...

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ANNUAL BUSINESS LUNCHEON THE ANNUAL BUSINESS LUNCHEON, BUSINESS AND CORPORATE MEMBERS HAVE THE OPPORTUNITY TO VISIT EACH OTHER'S DISPLAY TABLES BEFORE A DELICIOUS LUNCHEON IS SERVED WHILE GUEST SPEAKERS ARE GRILLED BY TV PERSONALITY AND HOST CHARLIE LANGTON. TICKET PURCHASE REQUIRED.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $346,900
Program Service Revenue $444,575
Investment Income $16,621
Other Revenue $15,290
TOTAL REVENUE $823,386

Expense Breakdown

Grants Paid $0
Salaries & Benefits $500,492
Fundraising Expenses $0
Program Expenses $186,969
Other Expenses $316,957
TOTAL EXPENSES $817,449

Year-over-Year Comparison

2023 2022 Change
Revenue $823,386 $710,201 +0.2%
Expenses $817,449 $584,697 +0.4%
Net Income $5,937 $125,504 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
9
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$180,808
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SYLVESTER SANDIHA CHAIRMAN 1.00
Officer Director
$0 $0 $0
KEVIN DENHA VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JIM MANNA DIRECTOR 1.00
Director
$0 $0 $0
ANDY GUTMAN EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK JARBOU DIRECTOR 1.00
Director
$0 $0 $0
KEVIN JAPPAYA EXECUTIVE VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOSEPH HURSHE EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN HANNA DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW LOUSSIA SECRETARY 1.00
Officer Director
$0 $0 $0
ANTHONY MONA TREASURER 1.00
Officer Director
$0 $0 $0
ANDI NUMAN DIRECTOR 1.00
Director
$0 $0 $0
HALEY JONNA EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
WASSEM AYAR DIRECTOR 1.00
Director
$0 $0 $0
RENEE TOMINA DIRECTOR 1.00
Director
$0 $0 $0
JAYSON ZEBARI DIRECTOR 1.00
Director
$0 $0 $0
MARTIN MANNA PRESIDENT 40.00
Officer
$180,808 $0 $180,808
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $823,386 $817,449 $836,293 $5,937
2022 $710,201 $584,697 $840,117 $125,504
2021 $700,477 $455,041 $708,408 $245,436
2020 $537,106 $503,673 $512,524 $33,433
2019 $693,525 $578,919 $431,314 $114,606
2018 $613,834 $559,464 $306,977 $54,370
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