MOBILE, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MLK AVENUE REDEVELOPMENT CORP, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $292K in total revenue in fiscal year 2023. Revenue surged 878% from the prior year, signaling strong growth momentum. Expenses of $417K exceeded revenue, resulting in a 43% operating deficit.
COMMUNITY REDEVELOPMENT
MLK BUYS VACANT LOTS AND DILAPIDATED STRUCTURES, WHICH ARE DEMOLISHED, AND CONSTRUCTS NEW AFFORDABLE HOMES FOR SALE TO QUALIFYING LOW TO MODERATE INCOME PERSONS UNDER THE CHDO GRANT PROGRAM. ONE HOME...
MLK BUYS VACANT LOTS AND DILAPIDATED STRUCTURES, WHICH ARE DEMOLISHED, AND CONSTRUCTS NEW AFFORDABLE HOMES FOR SALE TO QUALIFYING LOW TO MODERATE INCOME PERSONS UNDER THE CHDO GRANT PROGRAM. ONE HOME WAS SOLD DURING THE YEAR. MLK ALSO FACILITATES A LEASE PURCHASE PROGRAM WHERE APPLICANTS CAN RENT HOMES RENOVATED BY THE ORGANIZATION TO ESTABLISH CREDIT TO EVENTUALLY PURCHASE THE HOME.
MLK PROVIDES OTHER PROGRAMS ON AN AS NEEDED BASIS. THIS IS DETERMINED BY THE BOARD AND EXECUTIVE DIRECTOR. THESE PROGRAMS WORK IN CONJUNCTION WITH THE AFFORDABLE HOMES PROGRAM IN AN EFFORT TO ENRICH...
MLK PROVIDES OTHER PROGRAMS ON AN AS NEEDED BASIS. THIS IS DETERMINED BY THE BOARD AND EXECUTIVE DIRECTOR. THESE PROGRAMS WORK IN CONJUNCTION WITH THE AFFORDABLE HOMES PROGRAM IN AN EFFORT TO ENRICH THE MLK COMMUNITY AND ITS RESIDENTS. AT TIMES, MLK PARTICIPATES IN A PROGRAM NAMED FINANCIAL EDUCATION (ECONOMIC EMPOWERMENT) WHICH TARGETS INDIVIDUALS AND TEACHES THEM BASIC FINANCIAL MANAGEMENT TECHNIQUES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $292,407 | $29,911 | +8.8% |
| Expenses | $417,404 | $168,805 | +1.5% |
| Net Income | $-124,997 | $-138,894 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAPHNE PIERCE | EXECUTIVE DI | 40.00 |
Officer
|
$90,000 | $0 | $90,000 |
| CARLOS GANT | SECRETARY/TR | N/A |
Officer
|
$0 | $0 | $0 |
| CHRISTOPHER LEE | ADVISORY BRD | N/A |
Officer
|
$0 | $0 | $0 |
| DARRELL RANDLE | CHAIRMAN | N/A |
Officer
|
$0 | $0 | $0 |
| SAMANTHA SANDERS | VICE CHAIRMA | N/A |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $292,407 | $417,404 | $938,547 | $-124,997 |
| 2022 | $29,911 | $168,805 | $1,037,064 | $-138,894 |
| 2021 | $257,926 | $585,526 | $1,141,480 | $-327,600 |
| 2020 | $-375,632 | $1,243,690 | $1,562,996 | $-1,619,322 |
| 2019 | $422,736 | $835,610 | $4,118,929 | $-412,874 |
| 2018 | $830,578 | $1,224,573 | $4,747,757 | $-393,995 |
Compare MLK AVENUE REDEVELOPMENT CORP with other nonprofits in Alabama and across the country.