Detroit Future City

EIN: 475050055 501(c)(3) Community Improvement

Detroit, MI

Total Revenue
$3,697,586
Total Expenses
$3,565,257
Total Assets
$1,987,284
Net Assets
$1,544,007
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MI
Principal Officer
Anika Goss-Foster
Phone
3132594407
Tax Period
2024-01-01 to 2024-12-31

Detroit Future City, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 322% from the prior year, signaling strong growth momentum. Expenses of $3.6M left a modest 4% surplus.

Mission

DFCs Economic Inclusion program promotes equitable employment opportunities for historically excluded communities through outreach to employers and workforce agencies. In 2024, DFC cosponsored a public symposium attended by close to 100 stakeholders of varying backgrounds.

Program Service Accomplishments

Program 1
Expenses: $1,051,147 Revenue: $1,015,100

The Center for Equity, Engagement, and Research conducts and publishes research regarding equitable economic development and engages with community stakeholders to inform and disseminate research...

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The Center for Equity, Engagement, and Research conducts and publishes research regarding equitable economic development and engages with community stakeholders to inform and disseminate research findings. In 2024, the Center published 6 reports covering topics ranging from mortgage lending, micro-business development, heirs properties, social determinants of health and neighborhood development. In addition, an on-line data dashboard was maintained to make this data easily available to the general public. Findings were also presented through public meetings using a virtual format.

Program 2
Expenses: $961,356 Revenue: $220,939

DFCs Equitable Neighborhood Planning program promotes policies to create safe, affordable housing and equitable neighborhood development. The Detroit Neighborhood Housing Compact, led by DFC, is a...

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DFCs Equitable Neighborhood Planning program promotes policies to create safe, affordable housing and equitable neighborhood development. The Detroit Neighborhood Housing Compact, led by DFC, is a collaboration of more than 50 public, private, and non-profit stakeholders working to improve single family housing conditions in Detroit. The Compact hosts monthly sessions to share information, improve coordination, and develop new initiatives toward the goals of improving housing quality and affordability. The program also works with community based organizations to provide technical assistance and planning services to promote housing rehabilitation and equitable industrial district development.

Program 3
Expenses: $597,454 Revenue: $444,021

The Land Use and Design program promotes equitable and sustainable land use practices in Detroit. Program activities include providing technical assistance to community-based organizations that wish...

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The Land Use and Design program promotes equitable and sustainable land use practices in Detroit. Program activities include providing technical assistance to community-based organizations that wish to develop community open space and green stormwater infrastructure projects. In 2024, DFC collaborated with a community-based organization to implement a large scale open space project covering 12 city lots. DFC also coordinated the Open Space Working Group, a coalition of public, private, and non-profit organizations working to promote implementation of open space strategies city-wide.

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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 $3,408,349
Program Service Revenue $174,671
Investment Income $12,175
Other Revenue $102,391
TOTAL REVENUE $3,697,586

Expense Breakdown

Grants Paid $220,483
Salaries & Benefits $2,486,593
Fundraising Expenses $300,953
Program Expenses $2,609,957
Other Expenses $858,181
TOTAL EXPENSES $3,565,257

Year-over-Year Comparison

2024 2023 Change
Revenue $3,697,586 $875,516 +3.2%
Expenses $3,565,257 $2,940,106 +0.2%
Net Income $132,329 $-2,064,590 -1.1%
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

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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
20
Independent Members
20
Employees
20
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
5
$336,896
Total Directors
20
$0
Key Employees
1
$238,186
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anika Goss-Foster CEO 40.00
Officer
$311,621 $25,275 $336,896
Tom Goddeeris COO 40.00
Key Emp
$181,697 $56,489 $238,186
Kimberly Faison Vice President 40.00
Highest
$119,159 $24,860 $144,019
Ashley Clark Vice President 40.00
Highest
$125,741 $17,126 $142,867
Edward Lynch Director of Research 40.00
Highest
$103,409 $28,031 $131,440
Shari Williams Director of Equitable Neighbood P 40.00
Highest
$106,897 $11,753 $118,650
Katherine Cherry Development Director 40.00
Highest
$111,835 $0 $111,835
Todd Bettison Board Member 1.00
Director
$0 $0 $0
Clifford Brown Board Member 1.00
Director
$0 $0 $0
Charles Cross Board Member 1.00
Director
$0 $0 $0
James Currenton Board Member 1.00
Director
$0 $0 $0
Margaret Dewar Board Member 1.00
Director
$0 $0 $0
Tiffany Douglas Board Member 1.00
Director
$0 $0 $0
Kamilia Landrum Board Member 1.00
Director
$0 $0 $0
Maha Freij Board Member 1.00
Director
$0 $0 $0
Steve Ogden Board Member 1.00
Director
$0 $0 $0
Angelique Power Board Member 1.00
Director
$0 $0 $0
Donald Rencher Board Member 1.00
Director
$0 $0 $0
Joi Rushing Board Member 1.00
Director
$0 $0 $0
Valerie Strassberg Board Member 1.00
Director
$0 $0 $0
Steve Tobocman Board Member 1.00
Director
$0 $0 $0
Laura Trudeau Board Member 1.00
Director
$0 $0 $0
Bucky Willis Board Member 1.00
Director
$0 $0 $0
Wendy Jackson Board Chairman 1.00
Officer Director
$0 $0 $0
Alice Thompson Board Vice Chair 1.00
Officer Director
$0 $0 $0
Dave Blaszkiewicz Board Treasuer 1.00
Officer Director
$0 $0 $0
James Ribbron Board Secretary 1.00
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 $3,697,586 $3,565,257 $1,987,284 $132,329
2023 $875,516 $2,940,106 $1,571,730 $-2,064,590
2022 $2,600,145 $2,861,828 $3,632,627 $-261,683
2021 $3,923,868 $2,577,575 $3,886,880 $1,346,293
2020 $2,646,107 $2,544,328 $2,604,618 $101,779
2019 $2,433,391 $2,327,949 $2,462,808 $105,442
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