Grand 7 Detroit Incorporated

EIN: 465208053 501(c)(3) Community Improvement

Detroit, MI

Total Revenue
$130,114
Total Expenses
$124,587
Total Assets
$1,166,248
Net Assets
$482,148
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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
2013
Legal Domicile
MI
Principal Officer
Nathan I Stull
Phone
3133552720
Tax Period
2024-01-01 to 2024-12-31

Grand 7 Detroit Incorporated, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $130K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $125K left a modest 4% surplus.

Mission

Neighborhood transformation, blight removal and housing rehabilitation.

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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 $23,651
Program Service Revenue $105,531
Investment Income $932
Other Revenue $0
TOTAL REVENUE $130,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $124,587
Other Expenses $124,587
TOTAL EXPENSES $124,587

Year-over-Year Comparison

2024 2023 Change
Revenue $130,114 $109,515 +0.2%
Expenses $124,587 $116,634 +0.1%
Net Income $5,527 $-7,119 -1.8%
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
5
Independent Members
5
Employees
N/A
Volunteers
17

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert King President 15.00
Officer Director
$0 $0 $0
Linda King Secretary 1.00
Director
$0 $0 $0
Donald Armstrong Treasurer 15.00
Officer Director
$0 $0 $0
Cris Brown Director 3.00
Director
$0 $0 $0
Leigh Fehr Director 3.00
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
2024 $130,114 $124,587 $1,166,248 $5,527
2023 $109,515 $116,634 $1,195,636 $-7,119
2022 $102,258 $164,444 $1,206,604 $-62,186
2021 $80,282 $106,693 $1,275,836 $-26,411
2020 $170,823 $95,419 $1,307,874 $75,404
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