MEXICANTOWN COMMUNITY DEVELOPMENT CORP

EIN: 383010365 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$139,784
Total Expenses
$122,345
Total Assets
$5,247,990
Net Assets
$4,013,559
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MI
Principal Officer
DR FERN ESPINO
Phone
3136266232
Tax Period
2024-07-01 to 2025-06-30

MEXICANTOWN COMMUNITY DEVELOPMENT CORP, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $140K in total revenue in fiscal year 2024. Expenses of $122K left a modest 12% surplus.

Mission

MEXICANTOWN COMMUNITY DEVELOPMENT CORPORATION'S MISSION IS TO SERVE AS AMBASSADORS OF MEXICANTOWN - THE GATEWAY TO DETROIT - AND TO PRESERVE, ENRICH, AND PROMOTE MEXICANTOWN AS A VIBRANT MULTICULTURAL ARTS AND CULTURE, RESIDENTIAL AND BUSINESS COMMUNITY.

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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 $30,150
Program Service Revenue $56,113
Investment Income $14,061
Other Revenue $39,460
TOTAL REVENUE $139,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $10,983
Program Expenses $88,379
Other Expenses $122,345
TOTAL EXPENSES $122,345

Year-over-Year Comparison

2024 2023 Change
Revenue $139,784 $141,691 0.0%
Expenses $122,345 $84,493 +0.4%
Net Income $17,439 $57,198 -0.7%
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
4
Independent Members
4
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR FERN ESPINO CHAIRPERSON 5.00
Officer Director
$0 $0 $0
RAUL SOTO SECRETARY 5.00
Officer Director
$0 $0 $0
MICHAEL CASZUBSKI DIRECTOR 5.00
Director
$0 $0 $0
RAYMOND LOZANO EXECUTIVE DIRECTOR 40.00
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
2025 $139,784 $122,345 $5,247,990 $17,439
2024 $141,691 $84,493 $5,208,839 $57,198
2023 $142,201 $128,854 $5,122,075 $13,347
2022 $192,784 $94,293 $5,087,238 $98,491
2021 $121,020 $114,460 $4,979,566 $6,560
2020 $173,698 $106,064 $5,000,167 $67,634
2019 $65,570 $99,984 $4,924,102 $-34,414
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