Civic Intelligence

Detroit Development Fund

990 • Fiscal year 2024 • EIN 38-3322605

Jan 01, 2024 to Dec 31, 2024 • Filed on Sep 26, 2025

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

(773) 474-6944

Siviq Scores

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

Liabilities / Assets

74th percentile

0.46x

Higher debt load relative to assets than 74% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

1.88x

Higher debt load relative to revenue than 88% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$198,516

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

25th percentile

-1.9%

Faster asset growth than 25% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

18%

Faster revenue growth than 68% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$19,889,714

Down $395,481 (-1.9%) from 2023

Net Assets

Up

$10,643,536

Up $914,196 (+9.4%) from 2023

Liabilities

Down

$9,246,178

Down $1,309,677 (-12%) from 2023

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin86th percentile

Revenue

Up

$4,914,508

Up $763,190 (+18%) from 2023

Expenses

Up

$2,873,865

Up $182,941 (+6.8%) from 2023

Net Income

Up

$2,040,643

Up $580,249 (+40%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2024

Assets$19,889,714
Liabilities$9,246,178
Net Assets$10,643,536
Open 2024 Filing

Operations Trend

Revenue Growth68th 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

2024

Revenue$4,914,508
Expenses$2,873,865
Net Income$2,040,643
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 26, 2025
Return Version
2024v5.2
Gross Receipts
$4,914,508
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$8,739,709$8,162,242▼ $577,467
Pledges and Grants Receivable$500,000--
Investments Other Securities$287,402$309,392▲ $21,990
Prepaid Expenses and Deferred Charges$160,330$142,411▼ $17,919
Land, Buildings, and Equipment, Net$16,209$8,502▼ $7,707
Total Assets$20,285,195$19,889,714▼ $395,481
Other Assets Total$10,581,545$11,267,167▲ $685,622
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,413,237$7,862,747▼ $550,490
Other Liabilities$1,848,728$1,203,124▼ $645,604
Accounts Payable and Accrued Expenses$293,890$180,307▼ $113,583
Total Liabilities$10,555,855$9,246,178▼ $1,309,677
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,908,132$6,896,691▲ $988,559
Net Assets With Donor Restrictions$3,821,208$3,746,845▼ $74,363
Total Net Assets Fund Balance$9,729,340$10,643,536▲ $914,196
Total Liabilities and Net Assets / Fund Balance$20,285,195$19,889,714▼ $395,481

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,502$64,214$72,716
Equipment$0$31,490$31,490
Other Assets Org$510,057--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ray WatersPresidentFT$188,333$10,183$198,516
Deborah JonesVP of OperationsFT$170,631$7,984$178,615
John SchoenigerLoan Fund ManagerFT$151,069$23,084$174,153
Angelia SharpSenior Loan OfficerFT$120,855$18,467$139,322
Erin GrantDirector of DDF MicroloanFT$119,848$18,313$138,161

Board Members and Trustees

NameTitle
Dolores A SturtivantBoard Chair
Diana StewartDirector
Gail Perry-MasonDirector
Kathy WendlerDirector
Linda SmithDirector
Tom GoddeerisDirector
Steve MondozziChief Financial Officer
Ronald C FrederickTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mondozzi LLCFinancial & Accounting3600 N Lake Shore Drive 2306, Chicago, IL 60613$114,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,814,016
Program Service Revenue
$1,048,518
Investment Income
$49,284
Other Revenue
$2,690
All Other Contributions
$2,180,908
Change in Net Assets
$2,040,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,914,508
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,990
Total Revenue per Audited Statements
$4,936,498
Total Revenue per Form 990
$4,914,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,715,889
Other Expenses$852,176
Grants and Similar Amounts Paid$305,800
Total Fundraising Expense$121,864
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,038,899$91,705$73,447$1,204,051
Grants to Domestic Orgs$305,800--$305,800
Current Officers, Directors, Trustees, and Key Employees$171,313$15,105$12,098$198,516
Other Employee Benefits$153,014$13,436$10,759$177,209
Occupancy$145,626$12,840$10,284$168,750
Information Technology$109,349$35,706$2,187$147,242
Fees for Services Accounting$23,322$122,289-$145,611
Payroll Taxes$94,476$8,296$6,644$109,416
Interest$98,480--$98,480
Advertising-$80,309-$80,309
Insurance$45,463$4,009$3,210$52,682
Fees for Services Other$7,460$39,115-$46,575
Pension Plan Contributions$23,055$2,022$1,620$26,697
Fees for Services Legal$3,973$20,832-$24,805
Travel$13,970$3,858-$17,828
Conferences and Meetings$11,726$1,034$828$13,588
Depreciation Depletion-$7,693-$7,693
Other Expenses$876$2,771$787$3,647
Office Expenses$425$1,506-$1,931
Total Functional Expenses$2,267,108$484,893$121,864$2,873,865

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,522,302
Expenses per Audited Statements$2,873,865
Total Expenses per Form 990$2,873,865
Expenses Not Reported on Form 990$648,437
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Detroit Communtiy Loan FundDetroit, MI-Operating Grant$250,000
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
Refundable Advance$687,182
Lease liability$515,942
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 2024. 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. The responses should be reviewed by legal counsel, which will provide a report to the president of the organization who shares it with the board of directors.”

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
7734746944
Address
3031 W Grand Blvd 505, Detroit, MI 48202
Doing Business As
Detroit Development Fund

Signing Officer

Name
Ray Waters
Title
President
Phone
7734746944
Signed
2025-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Waters
Formed
1996
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
7
Employees
15
Volunteers
7

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643
Preparer
Mel Padillo
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Provision for loan loss -496,295. Imputed interest -152,142. 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 496,295. Provision for loan loss 152,142.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0Ray Waters
IRS990/Form990PartVIISectionAGrp/PersonNm1Dolores A Sturtivant
IRS990/Form990PartVIISectionAGrp/PersonNm2Ronald C Frederick
IRS990/Form990PartVIISectionAGrp/PersonNm3Diana Stewart
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IRS990/Form990PartVIISectionAGrp/PersonNm6Linda Smith
IRS990/Form990PartVIISectionAGrp/PersonNm7Tom Goddeeris
IRS990/Form990PartVIISectionAGrp/PersonNm8Steve Mondozzi
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IRS990/Form990PartVIISectionAGrp/PersonNm10Angelia Sharp
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IRS990/Form990PartVIISectionAGrp/PersonNm12Erin Grant
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Loan Fund Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt10Senior Loan Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP of Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director of DDF Microloan
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt01633108
IRS990/GrantAmt0305800
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0305800
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0305800
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04914508
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02187
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt035706
IRS990/InformationTechnologyGrp/ProgramServicesAmt0109349
IRS990/InformationTechnologyGrp/TotalAmt0147242
IRS990/InsuranceGrp/FundraisingAmt03210
IRS990/InsuranceGrp/ManagementAndGeneralAmt04009
IRS990/InsuranceGrp/ProgramServicesAmt045463
IRS990/InsuranceGrp/TotalAmt052682
IRS990/InterestGrp/ProgramServicesAmt098480
IRS990/InterestGrp/TotalAmt098480
IRS990/InvestmentIncomeGrp/ExclusionAmt049284
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt049284
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0287402
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0309392
IRS990/IRPDocumentCnt045
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt095704
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016209
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08502
IRS990/LandBldgEquipCostOrOtherBssAmt0104206
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
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
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08413237
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07862747
IRS990/NetAssetsOrFundBalancesBOYAmt09729340
IRS990/NetAssetsOrFundBalancesEOYAmt010643536
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt021990
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05908132
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06896691
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt010284
IRS990/OccupancyGrp/ManagementAndGeneralAmt012840
IRS990/OccupancyGrp/ProgramServicesAmt0145626
IRS990/OccupancyGrp/TotalAmt0168750
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01506
IRS990/OfficeExpensesGrp/ProgramServicesAmt0425
IRS990/OfficeExpensesGrp/TotalAmt01931
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010581545
IRS990/OtherAssetsTotalGrp/EOYAmt011267167
IRS990/OtherChangesInNetAssetsAmt0-648437
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010759
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013436
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0153014
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0177209
IRS990/OtherExpensesGrp/Desc0Dues & memberships
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Fees
IRS990/OtherExpensesGrp/FundraisingAmt0787
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021384
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1983
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22771
IRS990/OtherExpensesGrp/ProgramServicesAmt08734
IRS990/OtherExpensesGrp/ProgramServicesAmt111147
IRS990/OtherExpensesGrp/ProgramServicesAmt2876
IRS990/OtherExpensesGrp/TotalAmt030118
IRS990/OtherExpensesGrp/TotalAmt112917
IRS990/OtherExpensesGrp/TotalAmt23647
IRS990/OtherLiabilitiesGrp/BOYAmt01848728
IRS990/OtherLiabilitiesGrp/EOYAmt01203124
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02690
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02690
IRS990/OtherRevenueTotalAmt02690
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt073447
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt091705
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01038899
IRS990/OtherSalariesAndWagesGrp/TotalAmt01204051
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06644
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08296
IRS990/PayrollTaxesGrp/ProgramServicesAmt094476
IRS990/PayrollTaxesGrp/TotalAmt0109416
IRS990/PensionPlanContributionsGrp/FundraisingAmt01620
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02022
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt023055
IRS990/PensionPlanContributionsGrp/TotalAmt026697
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0500000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0160330
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0142411
IRS990/PrincipalOfficerNm0Ray Waters
IRS990/PriorPeriodAdjustmentsAmt0-500000
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/RelatedOrExemptFuncIncomeAmt0733464
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1250000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt265054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0733464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1250000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt265054
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03205017
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0387593
IRS990/PYInvestmentIncomeAmt039796
IRS990/PYOtherExpensesAmt0928576
IRS990/PYOtherRevenueAmt02561
IRS990/PYProgramServiceRevenueAmt0903944
IRS990/PYRevenuesLessExpensesAmt01460394
IRS990/PYSalariesCompEmpBnftPaidAmt01374755
IRS990/PYTotalExpensesAmt02690924
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04151318
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02040643
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01051208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03814016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03205017
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02458186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02354915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02558876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014391010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt049284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt039796
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt013214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02682
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05225
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0110201
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03953862
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02690
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02561
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt025000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt030251
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69300
IRS990ScheduleA/PublicSupportPY170Pct00.72380
IRS990ScheduleA/PublicSupportTotal170Amt010069879
IRS990ScheduleA/SubstantialContributorsTotAmt04321131
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03814016
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03205017
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02458186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02354915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02558876
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014391010
IRS990ScheduleA/TotalSupportAmt014531462
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031490
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031490
IRS990ScheduleD/ExpensesNotReportedAmt0648437
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02873865

Document Assets

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Filings

Displayed year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$19,889,714
Liabilities
$9,246,178
Net assets
$10,643,536
Revenue
$4,914,508
Expenses
$2,873,865
Net income
$2,040,643
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
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$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