Buffalo, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Michigan Street African American Heritage Corridor Commission Inc, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 391% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 38% operating margin.
To identify short-term, medium-term, and long-term actions that will work to create a unified tourism destination; strengthen the Corridor's cultural assets and the surrounding neighborhood; support the sustainability of the Commission; and further develop assets to facilitate increased visitorship and additional private investment.
Economic development and revitalization through the development of detailed implementation and sustainable plan for the heritage corridor. Worked with John Stoffer and Associates to create a...
Economic development and revitalization through the development of detailed implementation and sustainable plan for the heritage corridor. Worked with John Stoffer and Associates to create a feasibility study for the 136 Broadway Visitor Center and will be continuing to determine the appropriate course of action in implementing some of the possible sustainable and revenue generating opportunities for the Commission as well as the Anchor organizations.
Manages and provides an administrative support system to the historic preservation area on Buffalo's east side for the heritage corridor which is divided into four cultural anchors, The Buffalo...
Manages and provides an administrative support system to the historic preservation area on Buffalo's east side for the heritage corridor which is divided into four cultural anchors, The Buffalo Niagara Freedom Station Coalition's Michigan Street Baptist Church, the Colored Musicians Club and Jazz Museum Inc.'s historic Colored Musicians Club & Jazz Museum, the Michigan Street Preservation Corp's Nash House Museum, and the WUFO Black Radio History Collective's WUFO Radio Station & Black History Collective. Public education is provided by cultural tourism and development. Currently in the process of creating streamlined ticketing platform (AudienceView)for the Corridor with options and tour availability for each Anchor site Location, as well as special event ticketing as well as working with local IT Companies. Advance2000, AT Technology to create an IT network and infrastructure to support the Commission and Anchor Sites to allow for security emailing systems, file sharing and data gathering. Also, the Commission and the Anchors are working with a new Funds & Grant Development Consulting group - Core Vision Solutions to create a unified grant application process as well as identify and apply for future funding opportunities.
Residency the acquisition and rehabilitation of 136-146 Broadway. Recently acquired the 136-146 Broadway Location - that will be seriving as the site of the Main Visitor Center for the Corridor and...
Residency the acquisition and rehabilitation of 136-146 Broadway. Recently acquired the 136-146 Broadway Location - that will be seriving as the site of the Main Visitor Center for the Corridor and will be working with ESD and local Design & Construction firms to rehabilitate and expand the buildings for further development.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,172,117 | $850,363 | +3.9% |
| Expenses | $2,593,836 | $588,970 | +3.4% |
| Net Income | $1,578,281 | $261,393 | +5.0% |
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 |
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| N/A | Board Member | 1.00 |
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$0 | $0 | $0 |
| N/A | Board Member | 1.00 |
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$0 | $0 | $0 |
| N/A | Board Member | 1.00 |
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$0 | $0 | $0 |
| N/A | Board Member | 1.00 |
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$0 | $0 | $0 |
| N/A | Board Member | 1.00 |
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$0 | $0 | $0 |
| N/A | Board Member | 1.00 |
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$0 | $0 | $0 |
| Lillie Wiley-Upshaw | Treasurer | 5.00 |
Officer
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$0 | $0 | $0 |
| George Scott | Board Member | 5.00 |
Officer
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$0 | $0 | $0 |
| Judge James McLeod | Vice Chair | 5.00 |
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$0 | $0 | $0 |
| George Alexander | Board Chair | 5.00 |
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$0 | $0 | $0 |
| Dr Cynthia Conides | Secretary | 5.00 |
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$0 | $0 | $0 |
| Dr Lillian S Williams | Education Committee Chair | 5.00 |
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,172,117 | $2,593,836 | $5,596,739 | $1,578,281 |
| 2023 | $850,363 | $588,970 | $2,419,481 | $261,393 |
| 2022 | $2,544,944 | $473,299 | $2,188,280 | $2,071,645 |
| 2021 | $290,261 | $263,014 | $94,243 | $27,247 |
| 2020 | $200,913 | $154,561 | $67,195 | $46,352 |
| 2019 | $48,050 | $24,306 | $142,502 | $23,744 |
| 2018 | $18,688 | $43,026 | $18,463 | $-24,338 |
| 2018 | $40,837 | $41,661 | $36,976 | $-824 |
Compare Michigan Street African American Heritage Corridor Commission Inc with other nonprofits in New York and across the country.