MULTI-CULTURAL DEVELOPMENT CENTER

EIN: 870735746 501(c)(3) Human Services

BOSSIER CITY, LA

Total Revenue
$1,264,659
Total Expenses
$1,004,069
Total Assets
$992,206
Net Assets
$-488,414
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
LA
Tax Period
2023-01-01 to 2023-12-31

MULTI-CULTURAL DEVELOPMENT CENTER, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $261K, a strong 21% operating margin.

Mission

CHILD CARE DEVELOPMENT PROGRAM. PROVIDE CHILDCARE SERVICES TO INFANTS AND CHILDREN, AND HOUSING COUNSELLING AGENCY WHICH PROVIDES CREDIT, BUDGET, DEFAULT HOME BUYER CLASSES, AND FINANCIAL LITERACY TO LMI CLIENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,264,659
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,264,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $789,046
Fundraising Expenses $0
Program Expenses $860,650
Other Expenses $215,023
TOTAL EXPENSES $1,004,069

Year-over-Year Comparison

2023 2022 Change
Revenue $1,264,659 $1,916,984 -0.3%
Expenses $1,004,069 $1,003,604 +0.0%
Net Income $260,590 $913,380 -0.7%
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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Governance

Voting Members
11
Independent Members
11
Employees
45
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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON L MCCARTY PRESIDENT 010.00
Officer Director
$0 $0 $0
DONALD SCOTT BOARD MEMBER 005.00
Director
$0 $0 $0
OLA JEWEL HARRIS TREASURER 005.00
Officer Director
$0 $0 $0
ROY GRIGGS BOARD MEMBER 003.00
Director
$0 $0 $0
HASKEL FRIERSON BOARD MEMBER 001.00
Director
$0 $0 $0
WILLIAM SANKEY BOARD MEMBER 005.00
Director
$0 $0 $0
KENNETH THOMPSON BOARD MEMBER 001.00
Director
$0 $0 $0
BRITTANY YOUNG BOARD MEMBER 003.00
Director
$0 $0 $0
EDDIE GRIMES BOARD MEMBER 001.00
Director
$0 $0 $0
MELONIE MCCLOUD BOARD MEMBER 001.00
Director
$0 $0 $0
JANICE SNEED BOARD MEMBER 001.00
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
2023 $1,264,659 $1,004,069 $992,206 $260,590
2022 $1,916,984 $1,003,604 $702,431 $913,380
2021 $1,622,072 $923,896 $375,244 $698,176
2020 $932,038 $837,795 $303,504 $94,243
2019 $808,397 $635,783 $80,385 $172,614
2018 $631,218 $563,403 $69,833 $67,815
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