DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DEVELOPMENT CENTERS INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $17.2M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $22.0M exceeded revenue, resulting in a 28% operating deficit.
DEVELOPMENT CENTERS, INC. D/B/A MISIDE EARLY YEARS (MIEARLYYEARS) IS A MICHIGAN NONPROFIT CORPORATION WHOSE MISSION IS TO ENSURE THAT CHILDREN, INDIVIDUALS, FAMILIES, AND COMMUNITIES HAVE ACCESS TO GREAT HEALTHCARE, QUALITY EDUCATION, A COMFORTABLE HOME, AND THE MONEY THEY NEED TO BUILD A LIFE THEY DESIRE.
MIHEALTH: THIS PROGRAM PROVIDES ADULT AND CHILDREN'S MENTAL HEALTH SERVICES. THE SERVICES INCLUDE ASSESSMENT, INDIVIDUAL, GROUP AND FAMILY THERAPY, SKILL BUILDING, CASE MANAGEMENT, PSYCHIATRIC...
MIHEALTH: THIS PROGRAM PROVIDES ADULT AND CHILDREN'S MENTAL HEALTH SERVICES. THE SERVICES INCLUDE ASSESSMENT, INDIVIDUAL, GROUP AND FAMILY THERAPY, SKILL BUILDING, CASE MANAGEMENT, PSYCHIATRIC EVALUATIONS AND MEDICATION REVIEWS, AS WELL AS CRISIS INTERVENTION.
MIWEALTH: THIS PROGRAM PROVIDES JOB SEARCH AND EMPLOYMENT SERVICES FOR PARTICIPANTS REFERRED FROM THE MICHIGAN DEPARTMENT OF HEALTH AND HUMAN SERVICES FOR THE PARTNERSHIP, ACCOUNTABILITY, TRAINING...
MIWEALTH: THIS PROGRAM PROVIDES JOB SEARCH AND EMPLOYMENT SERVICES FOR PARTICIPANTS REFERRED FROM THE MICHIGAN DEPARTMENT OF HEALTH AND HUMAN SERVICES FOR THE PARTNERSHIP, ACCOUNTABILITY, TRAINING AND HOPE AND WORKFORCE INNOVATION AND OPPORTUNITY ACT PROGRAMS. THE CAREER CENTER SERVICES PROGRAM IS OPEN TO ALL DETROIT RESIDENTS AND INCLUDES JOB COACHING AND PLACEMENT, CASE MANAGEMENT AND LIFE SKILLS, REFERRALS TO EDUCATION AND TRAINING PROGRAMS AND A VOCATIONAL EDUCATIONAL TRAINING COMPONENT, WHICH ASSESSES PARTICIPANTS FOR VARIOUS TYPES OF TRAINING PROGRAM AND ASSISTS PARTICIPANTS IN ENROLLMENT, ATTENDANCE, COMPLETION OF TRAINING AND UNSUBSIDIZED EMPLOYMENT.
MIEARLY YEARS: THE PROGRAM SERVES INFANTS AND CHILDREN FROM BIRTH TO AGE FIVE, AS WELL AS THEIR FAMILIES AND PREGNANT WOMEN THROUGHOUT NORTHWEST DETROIT. THE SERVICES INVOLVE EARLY CHILDHOOD...
MIEARLY YEARS: THE PROGRAM SERVES INFANTS AND CHILDREN FROM BIRTH TO AGE FIVE, AS WELL AS THEIR FAMILIES AND PREGNANT WOMEN THROUGHOUT NORTHWEST DETROIT. THE SERVICES INVOLVE EARLY CHILDHOOD EDUCATION AS WELL AS PREVENTION, INTERVENTION AND TREATMENT. FAMILIES REFERRED MAY HAVE A CHILD WITH ATTACHMENT DIFFICULTIES, A DEVELOPMENTAL DELAY OR AN ADJUSTMENT TO CHILD CARE OR SCHOOL OR THEY MAY NEED PARENTING RESOURCES OR PARENTING EDUCATION.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $17,198,376 | $23,634,729 | -0.3% |
| Expenses | $22,026,931 | $23,137,441 | 0.0% |
| Net Income | $-4,828,555 | $497,288 | -10.7% |
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 |
|---|---|---|---|---|---|---|
| SEAN DE FOUR | PRESIDENT & CEO | 9.38 |
Officer
|
$0 | $39,383 | $306,331 |
| MICHELLE R SHERMAN | COO & CFO | 7.50 |
Officer
|
$0 | $24,386 | $280,008 |
| CATHERINE L LIESMAN - CEO TO | 09/2023, CONSULTANT TO 12/2023 | 37.50 |
|
$150,339 | $1,535 | $151,874 |
| NANETTE WADE | DIRECTOR OF HEALTH PROGRAM | 37.50 |
Highest
|
$129,312 | $1,382 | $130,694 |
| GLORIA SALTER-REID | CFO (CONTROLLER) (THROUGH 10/2023) | 37.50 |
Officer
|
$121,017 | $3,149 | $124,166 |
| ESTER PALMER-CYROWSKI | MANAGEMENT INFORMATION SYSTEM DIR. | 37.50 |
Highest
|
$117,077 | $1,781 | $118,858 |
| SALLY BOND | DIRECTOR OF DEVELOPMENT | 37.50 |
Highest
|
$115,390 | $1,307 | $116,697 |
| PALLAVI MUNIKRISHNA | PROGRAM DIRECTOR (THROUGH 06/2024) | 37.50 |
Highest
|
$109,400 | $0 | $109,400 |
| TANISHA BLACK SENIOR DIR | QUALITY AND CORPORATE COMPILANCE | 37.50 |
Highest
|
$108,911 | $0 | $108,911 |
| DAICIA PRICE | CHAIR | 0.24 |
Officer
Director
|
$0 | $0 | $0 |
| NICHOLAS DUBOSE | CHAIR | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| CHERYL HAWKINS | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| CHERYL MUNDAY | DIRECTOR (TO 12/2023) | 0.25 |
Director
|
$0 | $0 | $0 |
| ELIZABETH BROCK | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| FREDERICK TONEY | DIRECTOR (TO 12/2023) | 0.25 |
Director
|
$0 | $0 | $0 |
| KEVIN OUTLAND | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| LAURA TOMASSI-MILLER | DIRECTOR (TO 12/2023) | 0.25 |
Director
|
$0 | $0 | $0 |
| RODGER PRONG | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| SHARON SMITH | DIRECTOR (TO 12/2023) | 0.25 |
Director
|
$0 | $0 | $0 |
| STEPHANIE MILLER | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| SUBHASH GULATI | DIRECTOR (TO 12/2023) | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $17,198,376 | $22,026,931 | $14,738,867 | $-4,828,555 |
| 2023 | $23,634,729 | $23,137,441 | $17,208,837 | $497,288 |
| 2022 | $22,884,700 | $22,825,372 | $16,659,149 | $59,328 |
| 2021 | $25,434,012 | $23,235,622 | $16,561,320 | $2,198,390 |
| 2020 | $23,776,043 | $23,248,920 | $16,873,063 | $527,123 |
| 2019 | $23,703,297 | $23,913,548 | $13,876,266 | $-210,251 |
| 2018 | $24,530,889 | $24,374,439 | $14,156,734 | $156,450 |
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