Central Detroit Christian Community Development Corporation

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/24/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Central Detroit Christian Community Development Corporation (CDC) is a non-profit, faith based organization committed to empowering people, creating positive opportunities for the community and loving our neighbors as ourselves.


Contact information

Mailing address:
1550 Taylor St
Detroit, MI 48206

Website: centraldetroitchristian.org

Phone: 313-873-0064

Email: fprince@detcdc.org


Organization details

EIN: 383128822

CEO/President: Fikre Prince

Chairman: Denise Gray

Board size: 12

Founder: Lisa Johanon and Melvin Green

Ruling year: 1993

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2006


Purpose

Vision: "Once again, men and women of ripe old age will sit in the streets . . . the city streets will be filled with boys and girls there. This is what the Lord Almighty says!" -Zechariah 8:4-5


Mission statement

To transform individuals to reach their highest potential while transforming the community to be a place of peace and wholeness, "Shalom".


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating284 of 99922 of 73
Fund acquisition rating72 of 10016 of 73
Resource allocation rating108 of 100110 of 73
Asset utilization rating980 of 99972 of 73

Financial ratios

Funding ratiosSector median20202019201820172015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%0%1%1%2%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%1%1%2%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
79%79%67%67%92%87%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%1%1%2%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
21%21%33%33%8%13%
 
Operating ratiosSector median20202019201820172015
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%92%88%90%88%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%71%95%57%95%78%
Program output ratio Program output ratio =
Program services /
Total revenue
75%65%84%51%83%72%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%29%5%43%5%22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%10%1%18%2%26%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%8%11%9%10%7%
 
Investing ratiosSector median20202019201820172015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.850.220.230.210.220.76
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.0311.1413.1818.3412.564.58
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.882.432.993.792.823.50
 
Liquidity ratiosSector median20202019201820172015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.53-3.74-3.524.173.685.24
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.09-0.27-0.280.240.270.19
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.346.255.152.403.102.77
 
Solvency ratiosSector median20202019201820172015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%8%10%13%16%15%
Debt ratio Debt ratio =
Debt /
Total assets
3%8%11%12%13%9%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
87%420%398%419%374%111%

Financials

Balance sheet
 
Assets20202019201820172015
Cash$1,069,581$796,250$463,662$447,477$601,004
Receivables, inventories, prepaids$127,125$93,914$190,140$360,956$34,180
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,196,706$890,164$653,802$808,433$635,184
Long-term investments$1,476,279$1,719,922$2,059,416$101,474$44,108
Fixed assets$8,990,161$8,124,654$8,622,744$8,744,786$1,893,567
Other long-term assets$1,663,456$995,326$657,466$497,908$338,425
Total long-term assets$12,129,896$10,839,902$11,339,626$9,344,168$2,276,100
Total assets$13,326,602$11,730,066$11,993,428$10,152,601$2,911,284
 
Liabilities20202019201820172015
Payables and accrued expenses($320,240)($252,622)$156,855$219,860$121,307
Other current liabilities$0$0$0$0$0
Total current liabilities($320,240)($252,622)$156,855$219,860$121,307
Debt$1,102,583$1,332,608$1,385,809$1,326,825$270,729
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$311,345$60,050$52,384$94,358$58,611
Total long-term liabilities$1,413,928$1,392,658$1,438,193$1,421,183$329,340
Total liabilities$1,093,688$1,140,036$1,595,048$1,641,043$450,647
 
Net assets20202019201820172015
Without donor restrictions$7,627,131$5,654,965$5,378,146$2,870,727$2,173,847
With donor restrictions$4,605,783$4,935,065$5,020,234$5,640,831$286,790
Net assets$12,232,914$10,590,030$10,398,380$8,511,558$2,460,637
 
Revenues and expenses
 
Revenue20202019201820172015
Total contributions$3,241,941$1,871,759$2,911,714$2,212,863$2,481,043
Program service revenue$651,364$616,008$1,300,593$157,085$386,649
Membership dues$0$0$0$0$0
Investment income$18,942$92,206$44,905($78,746)($5,750)
Other revenue$204,390$232,202$109,914$118,764$0
Total other revenue$874,696$940,416$1,455,412$197,103$380,899
Total revenue$4,116,637$2,812,175$4,367,126$2,409,966$2,861,942
 
Expenses20202019201820172015
Program services$2,681,166$2,352,035$2,227,884$2,008,011$2,060,167
Management and general$225,523$283,942$229,044$220,747$163,028
Fundraising$4,611$27,447$23,376$49,628$0
Total expenses$2,911,300$2,663,424$2,480,304$2,278,386$2,223,195
 
Change in net assets20202019201820172015
Surplus (deficit)$1,205,337$148,751$1,886,822$131,580$638,747
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,205,337$148,751$1,886,822$131,580$638,747

Compensation

NameTitleCompensation
Fikre PrinceExecutive Director$71,913
Sarah JohnsonFinance Director$30,000
Lisa JohanonExecutive Director$7,800

Compensation data as of: 12/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/24/2021. To update the information below, please email: info@ministrywatch.com


History

About the Founder: Lisa is the Founder, and former Executive Director of Central Detroit Christian Community Development Corporation (CDC), a non-profit organization that she co-founded with Melvin Green in 1993. Central Detroit Christian CDC follows the tenets of the Christian Community Development Association (CCDA), relocate, reconcile, and redistribute. Lisa believes deep in her heart that the only way to serve a neighborhood is to live there and be a neighbor.

Detroit has been a racially and economically divided city for decades. Healing this divide takes time, presence, mutual trust, love and prayer. Redistribution of resources to remediate the resource and economic gap is a natural extension of the blessings we have received.

Central Detroit Christian CDC has aggregated resources from partner churches, our supporters, and foundations to help our neighbors get into affordable homes, learn new skills to get a job, get a house painted, and provide assistance during a crisis. Sometimes this means taking calls in the middle of the night to pray for and console a family that lost a loved one. Sometimes this means lending a helping hand during a time of need. Relocation, reconciliation and redistribution work together in Central Detroit to create peace (Shalom). Lisa, and her staff, strive towards the same goal, Shalom in the neighborhood and to hear Christ say, "Well done good and faithful servant!"

Lisa is a graduate of Moody Bible Institute and Wheaton College with a major in Education and Bible and a graduate of John Marshall Law School. Lisa's husband Dan is active in several ministries, including The Urban Ministry Institute, TUMI, and Bring Our Men Back, BOMB Squad and Kingsmen, while holding down a job as an electrician. They have two children, Justin and Emma and many non-biological children. They live where they serve in central Detroit.


Program accomplishments


Needs

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