MC2 COMMUNITY DEVELOPMENT CORPORATION

EIN: 273306298 501(c)(3) Health Care

WASHINGTON, DC

Total Revenue
$1,375,478
Total Expenses
$412,635
Total Assets
$19,219,022
Net Assets
$19,219,022
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DC
Phone
2024207089
Tax Period
2023-01-01 to 2023-12-31

MC2 COMMUNITY DEVELOPMENT CORPORATION, founded in 2010, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $963K, a strong 70% operating margin.

Mission

TO SUPPORT THE MEDICAL, SOCIAL AND EDUCATIONAL PURPOSES OF MARY'S CENTER FOR MATERNAL AND CHILD CARE, INC., A 501(C)(3) ORGANIZATION, AND BY ACTING AS A SPECIAL PURPOSE REAL ESTATE SUBSIDIARY OF MARY'S CENTER FOR MATERNAL AND CHILD CARE.

Program Service Accomplishments

Program 1
Expenses: $412,635 Revenue: $1,375,478

MC2 COMMUNITY DEVELOPMENT CORPORATION WAS ESTABLISHED TO SUPPORT THE SERVICES OF MARY'S CENTER FOR MATERNAL AND CHILD CARE. DURING THE YEAR, THE CORPORATION LEASED SPACE TO MARY'S CENTER TO PERFORM...

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MC2 COMMUNITY DEVELOPMENT CORPORATION WAS ESTABLISHED TO SUPPORT THE SERVICES OF MARY'S CENTER FOR MATERNAL AND CHILD CARE. DURING THE YEAR, THE CORPORATION LEASED SPACE TO MARY'S CENTER TO PERFORM ITS MEDICAL, DENTAL, SOCIAL AND EDUCATIONAL SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,375,478
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,375,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $412,635
Other Expenses $412,635
TOTAL EXPENSES $412,635

Year-over-Year Comparison

2023 2022 Change
Revenue $1,375,478 $1,341,931 +0.0%
Expenses $412,635 $412,837 0.0%
Net Income $962,843 $929,094 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
2
Independent Members
1
Employees
N/A
Volunteers
6

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
2
$503,066
Total Directors
2
$503,066
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHIEF EXECUTIVE OFFICER 0.2
Officer Director
$0 $34,453 $503,066
N/A CHAIR 0.1
Officer Director
$0 $0 $0
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 $1,375,478 $412,635 $19,219,022 $962,843
2022 $1,341,931 $412,837 $18,256,179 $929,094
2021 $1,309,200 $412,809 $17,327,085 $896,391
2020 $1,277,268 $412,792 $16,430,694 $864,476
2019 $1,246,115 $414,845 $15,566,218 $831,270
2018 $1,215,722 $412,779 $14,734,948 $802,943
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