DETROIT HISPANIC DEVELOPMENT CORPO… - Form 990 Financial Data

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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

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

THE DETROIT HISPANIC DEVELOPMENT CORPORATION'S MISSION IS TO MAKE A DIFFERENCE BY CREATING LIFE CHANGING OPPORTUNITIES FOR YOUTH AND THEIR FAMILIES. WE ARE COMMITTED TO MEETING THE NEEDS OF OUR COMMUNITY BY PROVIDING QUALITY, INNOVATIVE AND CULTURALLY APPROPRIATE PROGRAMS AND SERVICES, PRIMARILY IN THE SOUTHWEST DETROIT COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $582,518

YOUTH PROGRAMS, INCLUDING STEAM PROGRAMS, ROBOTICS, YOUTH DEVELOPMENT, TRAUMA AND HEALING, SUMMER YOUTH EMPLOYMENT, TUTORING, TRANSPORTATION AND FOOD.

Program 2

Expenses: $1,172,908

COMMUNITY ORGANIZING AND ADVOCACY AROUND ISSUES SUCH AS IMMIGRATION, EDUCATION, ENVIRONMENTAL JUSTICE, AND EQUITABLE DEVELOPMENT.

Program 3

Expenses: $116,549

ADULT AND FAMILY SERVICES: PARENTING, HOUSING COUNSELING, ADULT EDUCATION, REENTRY SERVICES.

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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%)

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$106,097

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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

DETROIT HISPANIC DEVELOPMENT CORPORATION