Detroit Hispanic Development Corporation
- Assets
- $2.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 58
- Location
- Detroit, MI
- Founding
- 10/1997
- Data as of
- 09/2022
- EIN
- 38-3355698
Organization Overview
Detroit Hispanic Development Corporation is located in Detroit, MI. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Detroit Hispanic Development Corporation employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Hispanic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Detroit Hispanic Development Corporation generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.3m during the year ending 09/2022. While expenses have increased by 12.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Detroit Hispanic Development Corporation has awarded 55 individual grants totaling $1,779,388. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DHDC SERVES OVER 5,000 PEOPLE A YEAR. PROGRAMS INCLUDE: YOUTH SERVICES; ADULT & FAMILY SERVICES INCLUDING ADULT EDUCATION, HOUSING COUNSELING, PARENTING, TATTOO REMOVAL; AND COMMUNITY ORGANIZING AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAMS, INCLUDING STEAM PROGRAMS, ROBOTICS, YOUTH DEVELOPMENT, TRAUMA AND HEALING, SUMMER YOUTH EMPLOYMENT, TUTORING, TRANSPORTATION AND FOOD.
VARIOUS OTHER PROGRAMS INCLUDING ENTREPENEURIAL AND ADMINISTRATIVE SERVICES.
COMMUNITY ORGANIZING AND ADVOCACY AROUND ISSUES SUCH AS IMMIGRATION, EDUCATION, ENVIRONMENTAL JUSTICE, AND EQUITABLE DEVELOPMENT.
ADULT AND FAMILY SERVICES: PARENTING, HOUSING COUNSELING, ADULT EDUCATION, REENTRY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Betancourt Program Committee Chair | Trustee | 0.5 | $0 |
Bruno Olvera Member | Trustee | 0.5 | $0 |
Charles Briggs Treasurer | OfficerTrustee | 1 | $0 |
David Cessante Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Diana Callaghan Member | Trustee | 0.5 | $0 |
Elyse Lopez-Turner Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,689 |
| Related organizations | $0 |
| Government grants | $592,708 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,148,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,849,543 |
| Total Program Service Revenue | $25,475 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,111 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,848,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $710,407 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,650 |
| Compensation of current officers, directors, key employees. | $18,969 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,551,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,160 |
| Payroll taxes | $138,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $168,691 |
| Advertising and promotion | $0 |
| Office expenses | $24,388 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,455 |
| Travel | $9,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,245 |
| Interest | $15,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,731 |
| Insurance | $69,767 |
| All other expenses | $0 |
| Total functional expenses | $3,349,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,188 |
| Savings and temporary cash investments | $276,768 |
| Pledges and grants receivable | $834,713 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,279 |
| Net Land, buildings, and equipment | $1,400,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,743,261 |
| Accounts payable and accrued expenses | $217,311 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $822,919 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,040,230 |
| Net assets without donor restrictions | $301,426 |
| Net assets with donor restrictions | $1,401,605 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,743,261 |
Grants Awarded
Over the last fiscal year, Detroit Hispanic Development Corporation has awarded $289,700 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRO MULTICULTURAL LA FAMILIA INC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $64,000 |
HISPANIC TECHNOLOGY & COMMUNITY CENTER PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $30,000 |
THE REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $9,000 |
VOCES PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $30,000 |
LATIN AMERICANS UNITED FOR PROGRESS PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $30,000 |
HISPANIC AMERICAN COUNCIL INC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $30,000 |