Skip to content
Nonprofiteer
← MEXICANTOWN COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by MEXICANTOWN COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$141,691
Total expenses
$84,493
Contributions and grants received
$73,354
Grants paid
$0
Program service revenue
$57,776
Investment income
$3,262
Other revenue
$7,299
Total assets, end of year
$5,208,839
Total liabilities, end of year
$1,212,720
Net assets or fund balances, end of year
$3,996,119
Program services expenses (Part IX)
$55,779
Management and general expenses
$20,357
Fundraising expenses
$8,357
Program service expenses (Part III)
$55,779

Program services were 66.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $73,354

  • 2a · Program service revenue: MANAGEMENT FEES

    total $57,776 · related or exempt $57,776

  • 3 · Investment income

    total $3,262 · related or exempt $3,262

  • 11a · Other revenue: MISCELLANEOUS

    total $7,299 · related or exempt $7,299

  • 11e · Other revenue, total

    $7,299

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $15,290 · program services $9,174 · management and general $3,058 · fundraising $3,058

  • 11c · Fees: accounting

    total $12,000 · management and general $12,000

  • 11g · Fees: other

    total $18,817 · program services $18,817

  • 12 · Advertising and promotion

    total $1,550 · program services $930 · management and general $310 · fundraising $310

  • 13 · Office expenses

    total $5,164 · program services $3,098 · management and general $1,033 · fundraising $1,033

  • 14 · Information technology

    total $404 · program services $242 · management and general $81 · fundraising $81

  • 17 · Travel

    total $281 · program services $169 · management and general $56 · fundraising $56

  • 23 · Insurance

    total $2,415 · program services $1,449 · management and general $483 · fundraising $483

  • 24a · Other expenses: PROGRAM EXPENSE

    total $11,313 · program services $11,313

  • 24b · Other expenses: PRINTING & COPYING

    total $3,870 · program services $2,322 · management and general $774 · fundraising $774

  • 24c · Other expenses: TELEPHONE

    total $2,961 · program services $1,777 · management and general $592 · fundraising $592

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $2,224 · program services $1,334 · management and general $445 · fundraising $445

  • 24e · All other expenses

    total $8,204 · program services $5,154 · management and general $1,525 · fundraising $1,525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $750,337 · end of year $819,828

  • 4 · Accounts receivable

    beginning of year $935,867 · end of year $936,167

  • 15 · Other assets

    beginning of year $3,435,871 · end of year $3,452,844

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,145,575 · end of year $1,146,404

  • 25 · Other liabilities

    beginning of year $37,579 · end of year $66,316

  • 27 · Net assets without donor restrictions

    beginning of year $3,938,921 · end of year $3,996,119

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

MEXICANTOWN COMMUNITY DEVELOPMENT CORPORATION'S MISSION IS TO SERVE AS AMBASSADORS OF MEXICANTOWN - THE GATEWAY TO DETROIT - AND TO PRESERVE, ENRICH, AND PROMOTE MEXICANTOWN AS A VIBRANT MULTICULTURAL ARTS AND CULTURE, RESIDENTIAL AND BUSINESS COMMUNITY.

  • MEXICANTOWN COMMUNITY DEVELOPMENT CORPORATION (MCDC) WORKS TO PRESERVE, ENRICH, AND PROMOTE MEXICANTOWN AS A VIBRANT MULTICULTURAL ARTS AND CULTURE, RESIDENTIAL AND BUSINESS COMMUNITY. MCDC ALSO ADVOCATES FOR BUILDING A STRONGER, MORE PROSPEROUS FUTURE FOR HISTORIC, VIBRANT AND DIVERSE MEXICANTOWN COMMUNITY OF SOUTHWEST DETROIT THROUGH ECONOMIC, BUSINESS, ARTISTIC AND CULTURAL DEVELOPMENT.

    Expenses $55,779

As filed on the 2023 return.

Listed in Part VII

  • Dr Fern Espino

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Andres Gutierrez

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Raul Soto

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Michael Caszubski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Raymond Lozano

    EXECUTIVE DIRECTOR

    Total calculated
    $5,334
    From this org
    $5,334
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202540159349301364

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.