Detroit Hispanic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,313,157 | 1,271,158 | 41,999 | 0.7 | 58% |
| 2012 | 1,359,906 | 1,203,700 | 156,206 | 2.3 | 51% |
| 2013 | 1,169,517 | 1,255,717 | −86,200 | 1.4 | 51% |
| 2014 | 1,582,264 | 1,311,264 | 271,000 | 3.7 | 57% |
| 2015 | 2,291,912 | 1,897,097 | 394,815 | 5.1 | 50% |
| 2017 | 1,853,703 | 1,630,075 | 223,628 | 5.4 | 50% |
| 2018 | 1,618,327 | 1,730,919 | −112,592 | 6.3 | 57% |
| 2019 | 2,093,136 | 2,049,623 | 43,513 | 5.6 | 56% |
| 2020 | 3,577,000 | 2,875,365 | 701,635 | 6.9 | 42% |
| 2021 | 3,374,856 | 2,833,035 | 541,821 | 9.3 | 51% |
| 2022 | 2,848,907 | 3,349,206 | −500,299 | 6.1 | 50% |
| 2023 | 3,274,759 | 3,664,962 | −390,203 | 4.3 | 50% |
In its most recent public year (2023), this organization spent $390,203 more than it brought in. Its reserves stood at about 4.3 months of spending, up from 0.7 in 2011. Staff pay was 50% of spending. $1,376,521 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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