Civic Intelligence

Detroit Development Fund

990 • Fiscal year 2022 • EIN 38-3322605

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 01, 2023

Organization Profiledetroitdevelopmentfund.com
3031 W Grand Blvd 505Detroit, MI 48202

(313) 784-9592

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.50x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

2.83x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

76th percentile

26%

Higher net margin than 76% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$175,727

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

26th percentile

-6.9%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

10.0%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$18,151,383

Down $1,349,135 (-6.9%) from 2021

Net Assets

Up

$9,001,653

Up $364,657 (+4.2%) from 2021

Liabilities

Down

$9,149,730

Down $1,713,792 (-16%) from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin76th percentile

Revenue

Up

$3,234,640

Up $292,720 (+9.9%) from 2021

Expenses

Up

$2,405,692

Up $202,356 (+9.2%) from 2021

Net Income

Up

$828,948

Up $90,364 (+12%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $14,533,808Liabilities 2010: $6,874,935Net Assets 2010: $7,658,8732010Assets 2011: $15,820,069Liabilities 2011: $8,334,070Net Assets 2011: $7,485,9992011Assets 2012: $16,645,115Liabilities 2012: $9,802,676Net Assets 2012: $6,842,4392012Assets 2013: $15,680,672Liabilities 2013: $10,159,655Net Assets 2013: $5,521,0172013Assets 2014: $16,037,303Liabilities 2014: $11,036,256Net Assets 2014: $5,001,0472014Assets 2015: $19,213,585Liabilities 2015: $10,695,252Net Assets 2015: $8,518,3332015Assets 2016: $21,380,112Liabilities 2016: $11,230,559Net Assets 2016: $10,149,5532016Assets 2017: $24,841,420Liabilities 2017: $11,486,410Net Assets 2017: $13,355,0102017Assets 2018: $22,095,710Liabilities 2018: $11,438,678Net Assets 2018: $10,657,0322018Assets 2019: $18,710,763Liabilities 2019: $10,528,026Net Assets 2019: $8,182,7372019Assets 2020: $19,308,406Liabilities 2020: $11,024,362Net Assets 2020: $8,284,0442020Assets 2021: $19,500,518Liabilities 2021: $10,863,522Net Assets 2021: $8,636,9962021Assets 2022: $18,151,383Liabilities 2022: $9,149,730Net Assets 2022: $9,001,6532022Assets 2023: $20,285,195Liabilities 2023: $10,555,855Net Assets 2023: $9,729,3402023Assets 2024: $19,889,714Liabilities 2024: $9,246,178Net Assets 2024: $10,643,5362024

Highlighted filing

2022

Assets$18,151,383
Liabilities$9,149,730
Net Assets$9,001,653
Open 2022 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $1,698,7182010Expenses 2011: $1,889,3692011Expenses 2012: $1,783,7852012Revenue 2013: $1,291,498Expenses 2013: $2,433,115Net Income 2013: -$1,141,6172013Revenue 2014: $2,322,701Expenses 2014: $2,192,548Net Income 2014: $130,1532014Revenue 2015: $6,350,689Expenses 2015: $2,503,224Net Income 2015: $3,847,4652015Revenue 2016: $5,125,474Expenses 2016: $2,959,883Net Income 2016: $2,165,5912016Revenue 2017: $6,935,859Expenses 2017: $3,660,598Net Income 2017: $3,275,2612017Revenue 2018: $1,781,233Expenses 2018: $3,588,923Net Income 2018: -$1,807,6902018Revenue 2019: $1,512,237Expenses 2019: $3,301,507Net Income 2019: -$1,789,2702019Revenue 2020: $3,242,938Expenses 2020: $3,039,382Net Income 2020: $203,5562020Revenue 2021: $2,941,920Expenses 2021: $2,203,336Net Income 2021: $738,5842021Revenue 2022: $3,234,640Expenses 2022: $2,405,692Net Income 2022: $828,9482022Revenue 2023: $4,151,318Expenses 2023: $2,690,924Net Income 2023: $1,460,3942023Revenue 2024: $4,914,508Expenses 2024: $2,873,865Net Income 2024: $2,040,6432024

Highlighted filing

2022

Revenue$3,234,640
Expenses$2,405,692
Net Income$828,948
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 1, 2023
Return Version
2022v5.0
Gross Receipts
$3,234,640
Mission and Program Overview

Mission

Detroit Development Fund (DDF) promotes the economic development of low to moderate income residents in the city of Detroit. DDF focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low to moderate-income Detroit residents.

Detroit Development Fund promotes the economic development of low-to moderate-income residents in the city of Detroit. SED focuses on lending programs as well as job creation and retention.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,424,040$8,021,904▲ $597,864
Savings and Temporary Cash Investments$3,104,342--
Investments Other Securities$306,996$276,212▼ $30,784
Prepaid Expenses and Deferred Charges$100,509$89,011▼ $11,498
Land, Buildings, and Equipment, Net$36,981$25,026▼ $11,955
Accounts Receivable$20,100--
Total Assets$19,500,518$18,151,383▼ $1,349,135
Other Assets Total$8,507,550$9,739,230▲ $1,231,680
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,461,549$8,776,243▼ $1,685,306
Accounts Payable and Accrued Expenses$171,527$229,324▲ $57,797
Other Liabilities$230,446$144,163▼ $86,283
Total Liabilities$10,863,522$9,149,730▼ $1,713,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,862,488$5,174,311▲ $1,311,823
Net Assets With Donor Restrictions$4,774,508$3,827,342▼ $947,166
Total Net Assets Fund Balance$8,636,996$9,001,653▲ $364,657
Total Liabilities and Net Assets / Fund Balance$19,500,518$18,151,383▼ $1,349,135

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,224$48,492$72,716
Equipment$802$30,688$31,490
Other Assets Org$146,446--
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ray WatersPresidentFT$151,606$24,121$175,727
Deborah JonesVP of OperationsFT$144,629$22,078$166,707
John SchoenigerLoan Fund ManagerFT$134,392$20,312$154,704
Angelia SharpSenior Loan OfficerFT$108,829$16,485$125,314
Erin GrantDirector of DDF Microloan FundFT$100,193$15,681$115,874
Steve MondozziChief Financial OfficerFT$114,000-$114,000

Board Members and Trustees

NameTitle
Dolores A SturtivantChair
Diana StewartDirector
Gail Perry-MasonDirector
Kathy WendlerDirector
Linda SmithDirector
Ronald C FrederickTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shaheen Jacobs and Ross PCLegal1425 Ford Bldg 615 Griswold, Detroit, MI 48226$128,545
Mondozzi LLCFinancial & Accounting3600 N Lake Shore Drive 2306, Chicago, IL 60613$114,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,458,186
Program Service Revenue
$738,240
Investment Income
$13,214
Other Revenue
$25,000
All Other Contributions
$2,280,403
Change in Net Assets
$828,948

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,234,640
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-30,784
Total Revenue per Audited Statements
$3,203,856
Total Revenue per Form 990
$3,234,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,386,624
Other Expenses$779,040
Grants and Similar Amounts Paid$240,028
Total Fundraising Expense$81,206
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$830,209$23,255$21,281$874,745
Current Officers, Directors, Trustees, and Key Employees$141,006$132,801$28,201$302,008
Grants to Domestic Orgs$240,028--$240,028
Interest$159,729--$159,729
Occupancy$129,654$5,641$3,968$139,263
Fees for Services Legal$70,175$27,172-$97,347
Other Employee Benefits$91,424$2,760$2,348$96,532
Payroll Taxes$74,303$3,233$3,582$81,118
Insurance$44,526$1,934$2,061$48,521
Office Expenses$34,644$6,430$1,481$42,555
Advertising$5,203$35,584-$40,787
Fees for Services Other$750$18,762$17,500$37,012
Pension Plan Contributions$30,516$921$784$32,221
Fees for Services Accounting-$27,600-$27,600
Depreciation Depletion-$11,954-$11,954
Travel$3,071$6,906-$9,977
Other Expenses$8,790$1,000-$9,790
Total Functional Expenses$1,956,156$368,330$81,206$2,405,692

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,839,199
Expenses per Audited Statements$2,405,692
Total Expenses per Form 990$2,405,692
Expenses Not Reported on Form 990$433,507
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Detroit Community Loan FundDetroit, MI-Operating grant$120,000
Swaggle LLCDetroit, MI-Operating grant$6,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease liability$144,163
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The organization engaged Mondozzi, LLC to perform Accounting, Accounts Receivable, Accounts Payable, Investing, Budgeting, Forecsting, Cash Flows, Board reports, Audit Compliance, Grant Financial Reporting, Tax Reporting and Payroll related services. Mondozzi, LLC was paid $114,000 for these services in 2022. Steve Mondozzi, Chief Financial Officer is compensated by Mondozzi, LLC.”

Form 990, Part VI, Section B, line 11B

“The 990 was reviewed by the President and Chief Financial Officer. Upon their approval the return was provided to the entire board. Each Board Member was given seven days to review prior to filing.”

Form 990, Part VI, Section B, line 12C

“Board members, officers and all employees are required to complete and sign a conflict of interest statement on an annual basis.”

Form 990, Part VI, Section B, line 15

“The president's compensation is reivewed and approved by the full board on an annual basis. The president reviews and approves compensation of all other employees annually.”

Form 990, Part VI, Section C, line 19

“Financial statements, governing documents and the conflict of interest policy are not available to the public at this time.”

Filing and Contact Details

Filer

Filer Name
Detroit Development Fund
EIN
38-3322605
Phone
3137849592
Address
3031 W Grand Blvd 505, Detroit, MI 48202
Doing Business As
Detroit Development Fund

Signing Officer

Name
Ray Waters
Title
President
Phone
3137849592
Signed
2023-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Waters
Formed
1996
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
12
Volunteers
6

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643
Preparer
Jason L Gierhahn
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Provision for loan loss -239,472. Imputed interest -194,035. Discount on below market loans”

Form 990, Part XII, line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“FIN 48 Note from Audited Financial Statements Detroit Development Fund has been granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and qualifies for the charitable contribution deduction. The Fund has been classified as an organization that is not a private foundation. The tax exempt purpose of the Fund and the nature in which it operates is described in Note 1. The Fund continues to operate in compliance with its tax exempt purpose. The Fund's annual information and income tax returns filed with the federal and state governments are subject to examination for three years after filing.”

Part XI, Line 2D - Other Adjustments:

“Discount on below market loans”

Part XII, Line 2D - Other Adjustments:

“Imputed interest 194,035. Provision for loan loss 239,472.”

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IRS990/Form990PartVIISectionAGrp/PersonNm1Dolores A Sturtivant
IRS990/Form990PartVIISectionAGrp/PersonNm2Ronald C Frederick
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IRS990/Form990PartVIISectionAGrp/PersonNm6Linda Smith
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Loan Fund Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt9Senior Loan Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP of Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director of DDF Microloan Fund
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Detroit Development Fund (DDF) promotes the economic development of low to moderate income residents in the city of Detroit. DDF focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low to moderate-income Detroit residents.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt09001653
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-30784
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05174311
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03968
IRS990/OccupancyGrp/ManagementAndGeneralAmt05641
IRS990/OccupancyGrp/ProgramServicesAmt0129654
IRS990/OccupancyGrp/TotalAmt0139263
IRS990/OfficeExpensesGrp/FundraisingAmt01481
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06430
IRS990/OfficeExpensesGrp/ProgramServicesAmt034644
IRS990/OfficeExpensesGrp/TotalAmt042555
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08507550
IRS990/OtherAssetsTotalGrp/EOYAmt09739230
IRS990/OtherChangesInNetAssetsAmt0-433507
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02348
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02760
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt091424
IRS990/OtherEmployeeBenefitsGrp/TotalAmt096532
IRS990/OtherExpensesGrp/Desc0Equipment & software
IRS990/OtherExpensesGrp/Desc1Dues & memberships
IRS990/OtherExpensesGrp/Desc2Technical Assistance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt032379
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt129998
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21000
IRS990/OtherExpensesGrp/ProgramServicesAmt075914
IRS990/OtherExpensesGrp/ProgramServicesAmt116214
IRS990/OtherExpensesGrp/ProgramServicesAmt28790
IRS990/OtherExpensesGrp/TotalAmt0108293
IRS990/OtherExpensesGrp/TotalAmt146212
IRS990/OtherExpensesGrp/TotalAmt29790
IRS990/OtherLiabilitiesGrp/BOYAmt0230446
IRS990/OtherLiabilitiesGrp/EOYAmt0144163
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IRS990/OtherRevenueMiscGrp/Desc0Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025000
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IRS990/OtherRevenueTotalAmt025000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt021281
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023255
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0830209
IRS990/OtherSalariesAndWagesGrp/TotalAmt0874745
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03582
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03233
IRS990/PayrollTaxesGrp/ProgramServicesAmt074303
IRS990/PayrollTaxesGrp/TotalAmt081118
IRS990/PensionPlanContributionsGrp/FundraisingAmt0784
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0921
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030516
IRS990/PensionPlanContributionsGrp/TotalAmt032221
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0100509
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt089011
IRS990/PrincipalOfficerNm0Ray Waters
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Loan interest income
IRS990/ProgramServiceRevenueGrp/Desc1Management fee
IRS990/ProgramServiceRevenueGrp/Desc2Loan fee income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0543022
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1120000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt275218
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0543022
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1120000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt275218
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02354915
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0204756
IRS990/PYInvestmentIncomeAmt02682
IRS990/PYOtherExpensesAmt0677983
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0584323
IRS990/PYRevenuesLessExpensesAmt0738584
IRS990/PYSalariesCompEmpBnftPaidAmt01320597
IRS990/PYTotalExpensesAmt02203336
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02941920
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0828948
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0763240
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03104342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02458186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02354915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02558876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0824949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0895720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09092646
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02682
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018639
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt054632
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03451320
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt025000
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IRS990ScheduleA/PublicSupportCY170Pct00.69440
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02354915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02558876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0824949
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0895720
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09092646
IRS990ScheduleA/TotalSupportAmt09172278
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0802
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030688
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031490
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2146446
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Loan interest receivable
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Right of use asset
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,151,383
Liabilities
$9,149,730
Net assets
$9,001,653
Revenue
$3,234,640
Expenses
$2,405,692
Net income
$828,948
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$9.25$10.6$4.91$2.87$2.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$10.6$9.73$4.15$2.69$1.46
2022Detailed filing. Detailed filing data is available for this year.$18.2$9.15$9.00$3.23$2.41$0.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.5$10.9$8.64$2.94$2.20$0.74
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$11.0$8.28$3.24$3.04$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.7$10.5$8.18$1.51$3.30$1.79
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.1$11.4$10.7$1.78$3.59$1.81
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$11.5$13.4$6.94$3.66$3.28
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$11.2$10.1$5.13$2.96$2.17
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.2$10.7$8.52$6.35$2.50$3.85
2014Summary only. Only limited summary data is available for this year.$16.0$11.0$5.00$2.32$2.19$0.13
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$15.7$10.2$5.52$1.29$2.43$1.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$9.80$6.84$1.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$8.33$7.49$1.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$6.87$7.66$1.70