DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CORKTOWN COMMUNITY DEVELOPMENT FUND, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $50K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 47% operating margin.
THE ORGANIZATION'S PURPOSE IS THE REVITALIZATION OF ECONOMICALLY DISTRESSED COMMUNITIES, IN PARTICULAR, THE WESTERN AREA OF DETROIT, MI KNOWN AS CORKTOWN. THE ORGANIZATION WILL PROVIDE LENDING TO ELIGIBLE INDIVIDUALS AND SMALL BUSINESSES AT REDUCED RATES AND AT FLEXIBLE TERMS. IN ADDITION, WE WILL PROVIDE EDUCATION TO THE BORROWER, SUCH AS HOME OWNERSHIP CLASSES, BUSINESS PLAN PREPARATION COURSES AND DEBT ELIMINATION CLASSES IN CONJUNCTION WITH VARIOUS LOCAL ORGANIZATIONS.
THE ORGANIZATION WILL PROVIDE LENDING TO ELIGIBLE INDIVIDUALS AND SMALL BUSINESSES AT REDUCED RATES AND AT FLEXIBLE TERMS. IN ADDITION, THE ORGANIZATION PROVIDES EDUCATION TO THE BORROWER, SUCH AS...
THE ORGANIZATION WILL PROVIDE LENDING TO ELIGIBLE INDIVIDUALS AND SMALL BUSINESSES AT REDUCED RATES AND AT FLEXIBLE TERMS. IN ADDITION, THE ORGANIZATION PROVIDES EDUCATION TO THE BORROWER, SUCH AS HOME OWNERSHIP CLASSES, BUSINESS PLAN PREPARATION COURSES AND DEBT ELIMINATION CLASSES IN CONJUNCTION WITH VARIOUS LOCAL ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $50,198 | $38,777 | +0.3% |
| Expenses | $26,817 | $25,691 | +0.0% |
| Net Income | $23,381 | $13,086 | +0.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RONALD COOLEY | TREASURER/SE | 10.00 |
Director
|
$12,000 | $0 | $12,000 |
| RYAN COOLEY | PRESIDENT | 5.00 |
Officer
|
$8,000 | $0 | $8,000 |
| PHILLIP COOLEY | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $50,198 | $26,817 | $2,399,906 | $23,381 |
| 2024 | $38,777 | $25,691 | $2,376,525 | $13,086 |
| 2023 | $48,054 | $28,365 | $2,363,439 | $19,689 |
| 2022 | $14,310 | $56,028 | $2,343,750 | $-41,718 |
| 2021 | $402,035 | $94,053 | $2,385,468 | $307,982 |
| 2020 | $58,110 | $51,865 | $2,077,486 | $6,245 |
| 2019 | $59,099 | $59,858 | $2,071,241 | $-759 |
| 2018 | $378,603 | $377,969 | $2,072,000 | $634 |
Compare CORKTOWN COMMUNITY DEVELOPMENT FUND with other nonprofits in Michigan and across the country.