DETROIT UNITY FUND

EIN: 452394278 Community Improvement

Detroit, MI

Total Revenue
$450,000
Total Expenses
$447,490
Total Assets
$7,520
Net Assets
$7,520
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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
2011
Legal Domicile
MI
Principal Officer
Virgil Smith
Phone
3134240813
Tax Period
2024-01-01 to 2024-12-31

DETROIT UNITY FUND, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 4400% from the prior year, signaling strong growth momentum.

Mission

Aggressively concentrating on giving Black Americans a fundamental base that will help electrify them to vote through our community organizing, voter registration drives, canvassing voters and mobilization efforts.

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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 $450,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $450,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $90,990
Other Expenses $447,490
TOTAL EXPENSES $447,490

Year-over-Year Comparison

2024 2023 Change
Revenue $450,000 $10,000 +44.0%
Expenses $447,490 $10,000 +43.7%
Net Income $2,510 $0 N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
75

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carlos Cade President 0
Officer
$0 $0 $0
Leonard Miller Treasurer 0
Officer
$0 $0 $0
Janelle Greedy Secretary 0
Officer
$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 $450,000 $447,490 $7,520 $2,510
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