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Nonprofiteer
← MEXICANTOWN COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by MEXICANTOWN COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$142,201
Total expenses
$128,854
Contributions and grants received
$39,710
Grants paid
$0
Program service revenue
$88,661
Investment income
$78
Other revenue
$13,752
Total assets, end of year
$5,122,075
Total liabilities, end of year
$1,183,154
Net assets or fund balances, end of year
$3,938,921
Program services expenses (Part IX)
$94,106
Management and general expenses
$23,374
Fundraising expenses
$11,374
Program service expenses (Part III)
$94,106

Program services were 73.0% 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

    $39,710

  • 2a · Program service revenue: MANAGEMENT FEES

    total $88,661 · related or exempt $88,661

  • 3 · Investment income

    total $78 · related or exempt $78

  • 11a · Other revenue: MISCELLANEOUS

    total $13,752 · related or exempt $13,752

  • 11e · Other revenue, total

    $13,752

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $29,334 · program services $17,600 · management and general $5,867 · fundraising $5,867

  • 11b · Fees: legal

    total $3,895 · program services $2,337 · management and general $779 · fundraising $779

  • 11c · Fees: accounting

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

  • 11g · Fees: other

    total $42,156 · program services $42,156

  • 12 · Advertising and promotion

    total $1,261 · program services $757 · management and general $252 · fundraising $252

  • 13 · Office expenses

    total $2,715 · program services $1,629 · management and general $543 · fundraising $543

  • 14 · Information technology

    total $430 · program services $258 · management and general $86 · fundraising $86

  • 17 · Travel

    total $1,520 · program services $912 · management and general $304 · fundraising $304

  • 23 · Insurance

    total $4,061 · program services $2,437 · management and general $812 · fundraising $812

  • 24a · Other expenses: PROGRAM EXPENSE

    total $9,459 · program services $9,459

  • 24b · Other expenses: CONTRACT SERVICES

    total $8,369 · program services $8,369

  • 24c · Other expenses: PRINTING & COPYING

    total $4,690 · program services $2,814 · management and general $938 · fundraising $938

  • 24d · Other expenses: TELEPHONE

    total $2,925 · program services $1,755 · management and general $585 · fundraising $585

  • 24e · All other expenses

    total $6,039 · program services $3,623 · management and general $1,208 · fundraising $1,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $735,491 · end of year $750,337

  • 4 · Accounts receivable

    beginning of year $927,200 · end of year $935,867

  • 15 · Other assets

    beginning of year $3,424,547 · end of year $3,435,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,146,436 · end of year $1,145,575

  • 25 · Other liabilities

    beginning of year $15,226 · end of year $37,579

  • 27 · Net assets without donor restrictions

    beginning of year $3,925,576 · end of year $3,938,921

Mission and programs · 2022

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 $94,106

As filed on the 2022 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
    $48,000
    From this org
    $48,000
    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
2022
Filed
14 December 2023
IRS schema version
2022v5.0
Source object
202430179349300708

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