Detroit Hispanic Development Corporation
Only null% goes to programs Growing revenue
Detroit Hispanic Development Corporation is a 501(c)(3) organization based in Detroit, Michigan, registered in 1997, with $4,224,714 in FY2023 revenue. CharityIndex grades it B.
1211 Trumbull St, Detroit, MI, 48216 EIN 38-3355698 Since 1997
Revenue (FY2023)
$4.2M
▲ 29.0% vs prior year
Community median: $184K
Expenses (FY2023)
$3.9M
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Detroit Hispanic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Detroit Hispanic Development Corporation: 5 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Detroit Hispanic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Detroit Hispanic Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1211 Trumbull St, Detroit, MI, 48216
- City
- Detroit
- State
- Michigan
- Subcategory
- Community & Neighborhood Development
- Website
- …
Financial trends
Revenue grew from $1.6M (FY2013) to $4.2M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $940KNet assets $1.6M
Operating margin
6.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5M
Total liabilities
$940K
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,224,714▲29.0% | $3,941,231▲7.5% | $1,596,311▲21.6% | $2,536,026▲22.3% | 990 |
| 2022 | $3,274,759▲14.9% | $3,664,962▲9.4% | $1,312,828▼22.9% | $2,074,001▼24.4% | 990 |
| 2021 | $2,848,907▼15.6% | $3,349,206▲18.2% | $1,703,031▼22.7% | $2,743,261▼9.2% | 990 |
| 2020 | $3,374,856▼5.7% | $2,833,035▼1.5% | $2,203,330▲32.6% | $3,019,670▲28.0% | 990 |
| 2019 | $3,577,000▲70.9% | $2,875,365▲40.3% | $1,661,509▲73.1% | $2,359,539▲41.6% | 990 |
| 2018 | $2,093,136▲29.3% | $2,049,623▲18.4% | $959,874▲6.1% | $1,666,439▲0.9% | 990 |
| 2017 | $1,618,327▼12.7% | $1,730,919▲6.2% | $904,361▲23.9% | $1,651,693▲10.4% | 990 |
| 2016 | $1,853,703▼19.1% | $1,630,075▼14.1% | $730,197▼9.6% | $1,496,100▲2.3% | 990 |
| 2014 | $2,291,912▲44.9% | $1,897,097▲44.7% | $807,928▲98.0% | $1,462,812▲2.3% | 990 |
| 2013 | $1,582,264 | $1,311,264 | $408,113 | $1,430,154 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $2.9M total
39 grants to Detroit Hispanic Development Corporation totaling $2.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Enterprise Community Partners Inc | Loans, grants and resource development | 2024 | $215,000 |
| Community Foundation For Southeast Michigan | Community improvement & capacity building | 2024 | $120,000 |
| Local Initiatives Support Corporation | See part iv | 2024 | $100,000 |
| Iff | Cost for acquiring equipment and/or facilities rehab cost as part of the grant | 2024 | $80,000 |
| Kalamazoo Community Foundation | Public affairs/society benefit | 2024 | $75,000 |
| Tides Foundation | Healthy individuals and communities | 2024 | $70,000 |
| For Inspiration and Recognition of Science and Technology First | Program support | 2024 | $19,700 |
| Hispanic Federation Inc | La voz de | 2024 | $15,000 |
| Enterprise Community Partners Inc | Community development fund | 2023 | $265,000 |
| Community Foundation For Southeast Michigan | Community improvement & capacity building | 2023 | $165,000 |
| Hispanic Federation Inc | Grant to support mi latino civic engagement project michigan | 2023 | $25,000 |
| Credit Unions Chartered In the State of Michigan | Sponsorship | 2023 | $10,000 |
| Amalgamated Charitable Foundation Inc | Project support | 2023 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $9,800 |
| Community Foundation For Southeast Michigan | Community improvement & capacity building program/general operations | 2022 | $427,810 |
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Frequently asked questions
- Is Detroit Hispanic Development Corporation a legitimate nonprofit?
- Yes. Detroit Hispanic Development Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3355698, based in Detroit, Michigan. Donations are tax-deductible.
- What is Detroit Hispanic Development Corporation's EIN?
- Detroit Hispanic Development Corporation's Employer Identification Number (EIN) is 38-3355698.
- How much revenue does Detroit Hispanic Development Corporation report?
- Detroit Hispanic Development Corporation reported $4,224,714 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Detroit Hispanic Development Corporation have?
- CharityIndex grades Detroit Hispanic Development Corporation B, based on financial health (reserves and operating margin).
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Data for Detroit Hispanic Development Corporation (EIN 38-3355698) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.