Virginia Park Community Investment Associates Inc

EIN: 382150470 501(c)(3) Community Improvement

Detroit, MI

Total Revenue
$357,592
Total Expenses
$381,978
Total Assets
$635,282
Net Assets
$626,576
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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
1970
Legal Domicile
MI
Principal Officer
Angela Polk
Phone
3133612441
Tax Period
2024-01-01 to 2024-12-31

Virginia Park Community Investment Associates Inc, founded in 1970, is a small nonprofit in the Community Improvement sector that reported $358K in total revenue in fiscal year 2024.

Mission

The organization operates a shopping center in an urban city and provides investment training to community members.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2
Other Revenue $357,590
TOTAL REVENUE $357,592

Expense Breakdown

Grants Paid $4,500
Salaries & Benefits $13,800
Fundraising Expenses $0
Program Expenses $381,978
Other Expenses $363,678
TOTAL EXPENSES $381,978

Year-over-Year Comparison

2024 2023 Change
Revenue $357,592 $344,287 +0.0%
Expenses $381,978 $328,517 +0.2%
Net Income $-24,386 $15,770 -2.5%
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
6
Independent Members
6
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
6
$13,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maude Freeman President 007.00
Director
$3,600 $0 $3,600
Diane Winn Chairman of the Board 002.00
Director
$3,000 $0 $3,000
Janet Hollis Secretary N/A
Director
$2,700 $0 $2,700
Angela Polk Treasurer 002.00
Director
$2,400 $0 $2,400
William Thompson Board Member 002.00
Director
$1,200 $0 $1,200
Free Lovie Bland Board Member N/A
Director
$900 $0 $900
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
2025 No data No data No data No data
2024 $357,592 $381,978 $635,282 $-24,386
2023 $344,287 $328,517 $659,668 $15,770
2022 $531,337 $876,617 $643,896 $-345,280
2021 $753,244 $559,466 $2,104,202 $193,778
2020 $412,584 $292,090 $1,976,370 $120,494
2019 $412,270 $383,662 $1,890,066 $28,608
2018 $456,090 $398,394 $1,864,552 $57,696
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