CITIES FOR URBAN REVITALIZATION & … - 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

2012

Legal Domicile

Principal Officer

Edward Klobucher

Phone

2485464060

Tax Period

2024-07-01 to 2025-06-30

Mission

Land CURE's Purpose is to engage in neighborhood stabilization. Specifically, Land CURE focuses on the neighborhoods within the City of Hazel Park. Land CURE accomplishes this mission by acquiring homes through the State of Michigan's tax delinquent foreclosure process. Land CURE keeps these properties away from slumlords and speculators. Land CURE sell the rehabilitated properties to owner occupants who agree to stay in the house for 2 to 5 years.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

The nonprofit conducted no business this year and is in the process of winding down and dissolving as it has accomplished its goals and mission.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$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

Governance

Voting Members

Independent Members

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

$218,438

Total Directors

Key Employees

$121,383

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Edward Klobucher	President	Officer	$0	$0	$212,718
Thomas Jones	Treasurer	Key Emp	$0	$0	$121,383
Michael Webb	Vice President	Officer	$0	$0	$5,720

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	$65,787	No data
2024	No data	No data	No data	No data
2023	$42,000	$35,486	$65,787	$6,514
2022	No data	$8,275	$59,273	No data
2021	$1,480	$126,662	$67,548	$-125,182
2020	$64,036	$70,992	$192,730	$-6,956
2019	$202,551	$88,316	$199,686	$114,235
2018	$117,254	$52,743	$85,451	$64,511

CITIES FOR URBAN REVITALIZATION & ENHANCEMENT INC