Civic Intelligence

Detroit Progress Fund

990EZ • Fiscal year 2016 • EIN 46-4795309

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 25, 2017

Organization ProfileN/A
7650 2nd AvenueDetroit, MI 48202

(517) 282-6241

Siviq Scores

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

Liabilities / Assets

95th percentile

0.82x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

0.18x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Net Margin

39th percentile

-1.0%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Asset Growth

54th percentile

3.0%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

3.0%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$34,208

Up $998 (+3.0%) from 2015

Net Assets

Down

$6,209

Down $1,600 (-20%) from 2015

Liabilities

Up

$27,999

Up $2,598 (+10%) from 2015

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin39th percentile

Revenue

Up

$159,555

Up $4,665 (+3.0%) from 2015

Expenses

Up

$161,154

Up $10,211 (+6.8%) from 2015

Net Income

Down

-$1,599

Down $5,546 (-141%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$150K$100K$50K$0-$50K-$100KAssets 2014: $3,862Net Assets 2014: $3,8622014Assets 2015: $33,210Liabilities 2015: $25,401Net Assets 2015: $7,8092015Assets 2016: $34,208Liabilities 2016: $27,999Net Assets 2016: $6,2092016Assets 2017: $24,400Liabilities 2017: $35,806Net Assets 2017: -$11,4062017Assets 2018: $14,584Liabilities 2018: $68,252Net Assets 2018: -$53,6682018Assets 2019: $6,226Liabilities 2019: $23,140Net Assets 2019: -$16,9142019Assets 2020: $57,243Liabilities 2020: $18,282Net Assets 2020: $38,9612020Assets 2021: $131,449Liabilities 2021: $70Net Assets 2021: $131,3792021Assets 2022: $75,311Liabilities 2022: $864Net Assets 2022: $74,4472022Assets 2024: $23,371Liabilities 2024: $0Net Assets 2024: $23,3712024

Highlighted filing

2016

Assets$34,208
Liabilities$27,999
Net Assets$6,209
Open 2016 Filing

Operations Trend

Revenue Growth57th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $97,897Expenses 2014: $94,035Net Income 2014: $3,8622014Revenue 2015: $154,890Expenses 2015: $150,943Net Income 2015: $3,9472015Revenue 2016: $159,555Expenses 2016: $161,154Net Income 2016: -$1,5992016Revenue 2017: $133,055Expenses 2017: $150,671Net Income 2017: -$17,6162017Revenue 2018: $120,513Expenses 2018: $162,774Net Income 2018: -$42,2612018Revenue 2019: $163,420Expenses 2019: $126,666Net Income 2019: $36,7542019Revenue 2020: $107,859Expenses 2020: $51,984Net Income 2020: $55,8752020Revenue 2021: $204,291Expenses 2021: $111,873Net Income 2021: $92,4182021Revenue 2022: $196,819Expenses 2022: $253,751Net Income 2022: -$56,9322022Revenue 2024: $531,895Expenses 2024: $511,492Net Income 2024: $20,4032024

Highlighted filing

2016

Revenue$159,555
Expenses$161,154
Net Income-$1,599
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 25, 2017
Return Version
2016v3.0
Gross Receipts
$159,555
Mission and Program Overview

Mission

To promote the city of detroit's turnaround and to support the mayor of the city of detroit's agenda.

Program Services

DescriptionGrantsExpenses
IN SUPPORT OF DETROIT'S TURNAROUND, DETROIT PROGRESS FUND ASSISTS THE OFFICE OF THE MAYOR WITH EXPENDITURES NECESSARY TO CONDUCT BUSINESS FOR THE CITY, BUT FOR WHICH THERE ARE NO FUNDS AVAILABLE IN THE CITY BUDGET. EACH DISBURSEMENT IS REVIEWED AND APPROVED BY ITS BOARD FOR CONSISTENCY WITH ITS POLICIES.-$135,814
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID JONESCo-Chair-$0--
TRUNETTA ROACHCo-Chair-$0--
DAVID KATZOfficer-$0--
TATIANA GRANTOfficer-$0--
JONATHAN QUARLESOfficer-$0--
Filing and Contact Details

Filer

Filer Name
Detroit Progress Fund
EIN
46-4795309
Phone
5172826241
Address
7650 2ND AVENUE, DETROIT, MI 48202

Signing Officer

Name
David Jones
Title
Co-chair
Phone
3134189796
Signed
2017-07-25

Preparer

Firm
Renaissance Financial Group
Address
300 N 5TH AVE STE 140, ANN ARBOR, MI 48104-1467
Preparer
Ann Black
Phone
7349941288
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses community outreach 21,377 office expense 1,207 supplies 486 software/website 2,000 miscellaneous 199 travel 40,055 meals 58,571 conferences/meetings 14,811 interest 2,749 total 141,455”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 20,402 27,999 unsecured notes and loans payable 5,000 0”

Form 990-ez, Part III

“To promote the city of detroit's turnaround and to support the mayor of the city of detroit's agenda.”

Form 990-ez, Part III, Line 28

“In support of detroit's turnaround, detroit progress fund assists the office of the mayor with expenditures necessary to conduct business for the city, but for which there are no funds available in the city budget. Each disbursement is reviewed and approved by its board for consistency with its policies.”

Raw XML Appendix117 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0CARRIE JONES
IRS990EZ/BooksInCareOfDetail/PhoneNum05172826241
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07650 2ND AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DETROIT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048202
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt033210
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt034208
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0159555
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1599
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt019431
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IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TRUNETTA ROACH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAVID KATZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TATIANA GRANT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JONATHAN QUARLES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CO-CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CO-CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4OFFICER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0141455
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE THE CITY OF DETROIT'S TURNAROUND AND TO SUPPORT THE MAYOR OF THE CITY OF DETROIT'S AGENDA.
IRS990EZ/PrintingPublicationsPostageAmt0268
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IN SUPPORT OF DETROIT'S TURNAROUND, DETROIT PROGRESS FUND ASSISTS THE OFFICE OF THE MAYOR WITH EXPENDITURES NECESSARY TO CONDUCT BUSINESS FOR THE CITY, BUT FOR WHICH THERE ARE NO FUNDS AVAILABLE IN THE CITY BUDGET. EACH DISBURSEMENT IS REVIEWED AND APPROVED BY ITS BOARD FOR CONSISTENCY WITH ITS POLICIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0135814
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TotalExpensesAmt0161154
IRS990EZ/TotalProgramServiceExpensesAmt0135814
IRS990EZ/TotalRevenueAmt0159555
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES COMMUNITY OUTREACH 21,377 OFFICE EXPENSE 1,207 SUPPLIES 486 SOFTWARE/WEBSITE 2,000 MISCELLANEOUS 199 TRAVEL 40,055 MEALS 58,571 CONFERENCES/MEETINGS 14,811 INTEREST 2,749 TOTAL 141,455
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 20,402 27,999 UNSECURED NOTES AND LOANS PAYABLE 5,000 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROMOTE THE CITY OF DETROIT'S TURNAROUND AND TO SUPPORT THE MAYOR OF THE CITY OF DETROIT'S AGENDA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN SUPPORT OF DETROIT'S TURNAROUND, DETROIT PROGRESS FUND ASSISTS THE OFFICE OF THE MAYOR WITH EXPENDITURES NECESSARY TO CONDUCT BUSINESS FOR THE CITY, BUT FOR WHICH THERE ARE NO FUNDS AVAILABLE IN THE CITY BUDGET. EACH DISBURSEMENT IS REVIEWED AND APPROVED BY ITS BOARD FOR CONSISTENCY WITH ITS POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03134189796
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DETROIT PROGRESS FUND
ReturnHeader/Filer/BusinessNameControlTxt0DETR
ReturnHeader/Filer/EIN0464795309
ReturnHeader/Filer/PhoneNum05172826241
ReturnHeader/Filer/USAddress/AddressLine1Txt07650 2ND AVENUE
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048202
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId094E229F32AC09E2A2308CDCC8E54297BBBC4782D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C1AC7154B9BA05DE70AB1101A6BBFFE2079B558F
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383304893
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RENAISSANCE FINANCIAL GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 N 5TH AVE STE 140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANN ARBOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0481041467
ReturnHeader/PreparerPersonGrp/PhoneNum07349941288
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN BLACK
ReturnHeader/ReturnTs02017-08-29T13:23:02-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,208
Liabilities
$27,999
Net assets
$6,209
Revenue
$159,555
Expenses
$161,154
Net income
-$1,599
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$5.32$5.11$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.01$0.74$1.97$2.54$0.57
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$2.04$1.12$0.92
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.18$0.39$1.08$0.52$0.56
2019Detailed filing. Detailed filing data is available for this year.$0.06$0.23$0.17$1.63$1.27$0.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.68$0.54$1.21$1.63$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.36$0.11$1.33$1.51$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.28$0.06$1.60$1.61$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.25$0.08$1.55$1.51$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.98$0.94$0.04