New Detroit Inc

Unknown organization based in Detroit, MI. 5 employees. Exempt under §501(c)(3).

MissionNEW DETROIT, INC. THE CORPORATION IS A COALITION OF LEADERS WORKING TO ACHIEVE RACIAL UNDERSTANDING AND RACIAL EQUITY IN METROPOLITAN DETROIT. THE CORPORATIONS PRINCIPAL SOURCE OF REVENUE IS FROM GRANTS AND CONTRIBUTIONS.

EIN
38-6159215
State
MI
Sector
Unknown
Budget band
$500K–$1M
Latest filing
TY 2023
Records
2 officers · 5 years

Financial snapshot · TY 2023

$796K
Total revenue
$1.3M
Total expenses
$1.1M
Net assets

Financial health · TY 2023

43
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
45
8.1 months of expenses
Program efficiency
54
71.5% spent on programs
Revenue diversity
17
Mix of program fees, grants & contributions

Leadership compensation

Rafferty Michael S
President CEO
$190,670
Raines Jodee
Chief Operations Officer
$167,937

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New Detroit Inc Executive Compensation | 990 Data | DoubleNine