New Center Foundation

Nonprofit profile at a glance

EIN
382271575
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Detroit, MI, USA
Phone
3134206000
Rating confidence
Limited

Official website

Reported finances

Revenue
$-24,194
Expenses
$196,928
Assets
$2,562,919
Liabilities
$238,202

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

47 people listed

Executive titles in this filing

  • MAUREEN STAPLETON (INTERIM EXECUTIVE DIRECTOR)
  • SUSAN T MOSEY (EXECUTIVE DIRECTOR - PART YEAR)
  • CARI EASTERDAY (CFO, INTERIM EXECUTIVE DIRECTOR)

Highest reported compensation

  • MAUREEN STAPLETON (INTERIM EXECUTIVE DIRECTOR): $118,401 total reported compensation
  • NICOLE KIRKLAND (CFO): $35,000 total reported compensation
  • SUSAN T MOSEY (EXECUTIVE DIRECTOR - PART YEAR): $11,782 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A non-profit organization dedicated to redevelop, revitalize and renew the new center area of detroit as a 24 hour, multi activity community.

What it reported doing in 2024

Real estate development, small business development, and maintenance/beautification projects directed at increasing housing opportunities in the area.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 25
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.7%; rating input score 98; 28th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -914%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 13.01; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -13.4% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -12.7% per year; rating input score 0; 27th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 43 of 44 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $197K in reported program spending
  • Leadership: top reported pay $118K · 47 people listed
  • Consistency: 14 of 15 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.