DETROIT LAND BANK COMMUNITY DEVELOPMENT CORPORATION (EIN 453614929) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

RICHARD HOSEY

Phone

3139746869

Tax Period

2024-07-01 to 2025-06-30

DETROIT LAND BANK COMMUNITY DEVELOPMENT CORPORATION, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $51K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $331K represent 78 months of operating reserves.

Mission

THE DETROIT LAND BANK COMMUNITY DEVELOPMENT CORPORATION'S MISSION IS TO SERVE THE PEOPLE OF THE CITY OF DETROIT, MICHIGAN THROUGH THE ADVANCEMENT OF ECONOMIC WELFARE, THE PROMOTION OF COMMUNITY DEVELOPMENT, AND THE PROVISION OF AFFORDABLE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $0

Investment Income $782

Other Revenue $0

TOTAL REVENUE $50,782

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,000

Other Expenses $400

TOTAL EXPENSES $50,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,782	$75,652	-0.3%
Expenses	$50,400	$360	+139.0%
Net Income	$382	$75,292	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HOSEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
PATRICIA PERNELL-SHELTON	SECRETARY	5.00	Officer Director	$0	$0	$0
MIRANDA MORROW BARTELL	TREASURER	5.00	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	$50,782	$50,400	$381,324	$382
2024	No data	No data	No data	No data
2023	$10,164	$418	$255,650	$9,746
2022	No data	$905	$245,904	No data
2021	$273,800	$274,669	$246,809	$-869
2020	$38,372	$38,568	$247,678	$-196
2019	$665,063	$665,357	$312,874	$-294

DETROIT LAND BANK COMMUNITY DEVELOPMENT CORPORATION