DETROIT HISPANIC DEVELOPMENT CORPORATION

EIN: 383355698 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$4,224,714
Total Expenses
$3,941,231
Total Assets
$2,536,026
Net Assets
$1,596,311
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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
1997
Legal Domicile
MI
Principal Officer
ALEXIS ZAVALA
Phone
3135252278
Tax Period
2023-10-01 to 2024-09-30

DETROIT HISPANIC DEVELOPMENT CORPORATION, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $3.9M left a modest 7% surplus.

Mission

DHDC SERVES OVER 5,000 PEOPLE A YEAR. PROGRAMS INCLUDE: YOUTH SERVICES; ADULT & FAMILY SERVICES INCLUDING ADULT EDUCATION, HOUSING COUNSELING, PARENTING, TATTOO REMOVAL; AND COMMUNITY ORGANIZING AND ADVOCACY.

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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 $4,220,396
Program Service Revenue $44,514
Investment Income $0
Other Revenue $-40,196
TOTAL REVENUE $4,224,714

Expense Breakdown

Grants Paid $536,200
Salaries & Benefits $2,340,198
Fundraising Expenses $118,402
Program Expenses $3,310,130
Other Expenses $1,064,833
TOTAL EXPENSES $3,941,231

Year-over-Year Comparison

2023 2022 Change
Revenue $4,224,714 $3,274,759 +0.3%
Expenses $3,941,231 $3,664,962 +0.1%
Net Income $283,483 $-390,203 -1.7%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
62
Volunteers
40

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
5
$106,097
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARMANDO BETANCOURT PROGRAM COMMITTEE CHAIR 0.50
Director
$0 $0 $0
BRUNO OLVERA MEMBER 0.50
Director
$0 $0 $0
CHARLES BRIGGS TREASURER 1.00
Officer Director
$0 $0 $0
DAVID CESSANTE VICE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
DIANA CALLAGHAN MEMBER 0.50
Director
$0 $0 $0
THANIA ESQUIVAL MEMBER 0.50
Director
$0 $0 $0
JOAQUIN NUNO-WHALEN CHAIRPERSON 1.00
Officer Director
$0 $0 $0
RAQUEL GARCIA MEMBER 0.50
Director
$0 $0 $0
SANDRA HUGHES-O'BRIEN SECRETARY 0.50
Officer Director
$0 $0 $0
FRANCHESCA RIVERA MEMBER 0.50
Director
$0 $0 $0
MATTHEW YBARRA MEMBER 0.50
Director
$0 $0 $0
CASSY TEFFT DE MUNOZ MEMBER 0.50
Director
$0 $0 $0
ANGELA REYES EXECUTIVE DIRECTOR 45.00
Officer
$87,899 $18,198 $106,097
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 $4,224,714 $3,941,231 $2,536,026 $283,483
2023 $3,274,759 $3,664,962 $2,074,001 $-390,203
2022 $2,848,907 $3,349,206 $2,743,261 $-500,299
2021 $3,374,856 $2,833,035 $3,019,670 $541,821
2020 $3,577,000 $2,875,365 $2,359,539 $701,635
2019 $2,093,136 $2,049,623 $1,666,439 $43,513
2018 $1,618,327 $1,730,919 $1,651,693 $-112,592
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