NEW CENTER FOUNDATION

EIN: 382271575 501(c)(3)

DETROIT, MI

Total Revenue
$-11,632
Total Expenses
$160,182
Total Assets
$3,532,401
Net Assets
$3,206,600
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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
1967
Legal Domicile
MI
Principal Officer
MAUREEN STAPLETON
Phone
3134206000
Tax Period
2023-01-01 to 2023-12-31

NEW CENTER FOUNDATION, founded in 1967, is a micro nonprofit that reported $12K in total revenue in fiscal year 2023.

Mission

A NON-PROFIT ORGANIZATION DEDICATED TO REDEVELOP, REVITALIZE AND RENEW THE NEW CENTER AREA OF DETROIT AS A 24 HOUR, MULTI ACTIVITY COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $160,182

REAL ESTATE DEVELOPMENT, SMALL BUSINESS DEVELOPMENT, AND MAINTENANCE/BEAUTIFICATION PROJECTS DIRECTED AT INCREASING HOUSING OPPORTUNITIES IN THE AREA.

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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 $0
Investment Income $12
Other Revenue $-11,644
TOTAL REVENUE $-11,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $160,182
Other Expenses $160,182
TOTAL EXPENSES $160,182

Year-over-Year Comparison

2023 2022 Change
Revenue $-11,632 $-17,386 -0.3%
Expenses $160,182 $203,787 -0.2%
Net Income $-171,814 $-221,173 -0.2%
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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Governance

Voting Members
44
Independent Members
43
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
6
$305,767
Total Directors
44
$305,767
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN T MOSEY EXECUTIVE DIRECTOR 20.00
Officer Director
$0 $0 $305,767
ANNEMARIE BORUCKI DIRECTOR OF ARTS & CULTURE 0.00
Highest
$0 $0 $117,897
CARI EASTERDAY CFO 1.00
Officer
$0 $0 $0
NED STAEBLER CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MICHAEL SHAW VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JERRY DARBY SECRETARY 1.00
Officer Director
$0 $0 $0
ELLIOTT BROOM TREASURER 1.00
Officer Director
$0 $0 $0
MIKE ESSIAN EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
BRYAN HOGLE EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
DARRYL HUMES EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
DARIN MCKEEVER EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
OLGA STELLA EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
STEPHEN BOBALIK TRUSTEE 1.00
Director
$0 $0 $0
JOHNNY CANNONBALL TRUSTEE 1.00
Director
$0 $0 $0
CHARLES DICKERSON TRUSTEE 1.00
Director
$0 $0 $0
KATHRYN DIMOND TRUSTEE 1.00
Director
$0 $0 $0
ELISE FIELDS TRUSTEE 1.00
Director
$0 $0 $0
AL FIELDS TRUSTEE 1.00
Director
$0 $0 $0
JOSH GERSHONOWICZ TRUSTEE 1.00
Director
$0 $0 $0
ANDY GUTMAN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD HADDAD TRUSTEE 1.00
Director
$0 $0 $0
MAMBA HAMISSI TRUSTEE 1.00
Director
$0 $0 $0
ANGELA HARRIS TRUSTEE 1.00
Director
$0 $0 $0
JON HARTZELL TRUSTEE 1.00
Director
$0 $0 $0
RICHARD HOSEY TRUSTEE 1.00
Director
$0 $0 $0
JANET JONES TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE JONNA-PILIGIAN TRUSTEE 1.00
Director
$0 $0 $0
KRISTINE KIDORF TRUSTEE 1.00
Director
$0 $0 $0
BRYAN KIELER TRUSTEE 1.00
Director
$0 $0 $0
CLARKE LEWIS TRUSTEE 1.00
Director
$0 $0 $0
BUD LIEBLER TRUSTEE 1.00
Director
$0 $0 $0
SCOTT LOWELL TRUSTEE 1.00
Director
$0 $0 $0
LINDA LUTZ TRUSTEE 1.00
Director
$0 $0 $0
JEN LYON TRUSTEE 1.00
Director
$0 $0 $0
MARIE PATTON TRUSTEE 1.00
Director
$0 $0 $0
JOANNE MONDOWNEY TRUSTEE 1.00
Director
$0 $0 $0
BJ PEARSON TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL REIN TRUSTEE 1.00
Director
$0 $0 $0
ELANA RUGH TRUSTEE 1.00
Director
$0 $0 $0
DAVID SAMPSON TRUSTEE 1.00
Director
$0 $0 $0
ROGER SAYLOR TRUSTEE 1.00
Director
$0 $0 $0
GEORGE STEWART TRUSTEE 1.00
Director
$0 $0 $0
MARCIA VENTURA TRUSTEE 1.00
Director
$0 $0 $0
KENNETH WALKER TRUSTEE 1.00
Director
$0 $0 $0
RACHAEL WOODS TRUSTEE 1.00
Director
$0 $0 $0
OONA DEMKO TRUSTEE 1.00
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 $-11,632 $160,182 $3,532,401 $-171,814
2022 $-17,386 $203,787 $3,806,497 $-221,173
2021 $-18,788 $203,485 $3,951,573 $-222,273
2020 $14,676 $203,599 $4,186,878 $-188,923
2019 $1,176,366 $93,598 $4,429,606 $1,082,768
2018 $583,356 $105,997 $3,949,696 $477,359
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