Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Detroit Progress Fund
990EZ • Fiscal year 2017 • EIN 46-4795309
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.47x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
20th percentile
Higher net margin than 20% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
12th percentile
Faster asset growth than 12% of similar nonprofits.
Revenue Growth
23rd percentile
Faster revenue growth than 23% of similar nonprofits.
Balance Sheet
Assets
Down$24,400
Down $9,808 (-29%) from 2016
Net Assets
Down-$11,406
Down $17,615 (-284%) from 2016
Liabilities
Up$35,806
Up $7,807 (+28%) from 2016
Revenue And Expenses
Revenue
Down$133,055
Down $26,500 (-17%) from 2016
Expenses
Down$150,671
Down $10,483 (-6.5%) from 2016
Net Income
Down-$17,616
Down $16,017 (-1002%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Apr 24, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $133,055
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
| Description | Grants | Expenses |
|---|---|---|
| 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. | - | $134,010 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DAVID JONES | Co-Chair | - | $0 | - | - |
| TRUNETTA ROACH | Co-Chair | - | $0 | - | - |
| DAVID KATZ | Officer | - | $0 | - | - |
| TATIANA GRANT | Officer | - | $0 | - | - |
| JONATHAN QUARLES | Officer | - | $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
- 2018-04-24
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 23,907 office expense 996 supplies 1,052 miscellaneous 135 dues & subscriptions 1,500 travel 44,443 meals 30,265 conferences/meetings 650 catering 1,163 interest 4,017 total 108,128”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 27,998 35,806”
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 Appendix114 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CARRIE JONES |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5172826241 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 7650 2ND AVENUE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | DETROIT |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 48202 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 34208 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 24400 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 133055 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -17616 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 42412 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 34208 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 24400 |
| IRS990EZ/GrossReceiptsAmt | 0 | 133055 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 6210 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -11406 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 6210 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -11406 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DAVID JONES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | TRUNETTA ROACH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DAVID KATZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TATIANA GRANT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JONATHAN QUARLES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CO-CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CO-CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 108128 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE THE CITY OF DETROIT'S TURNAROUND AND TO SUPPORT THE MAYOR OF THE CITY OF DETROIT'S AGENDA. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 131 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 134010 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 27998 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 35806 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 150671 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 134010 |
| IRS990EZ/TotalRevenueAmt | 0 | 133055 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.DETROITPROGRESSFUND.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES COMMUNITY OUTREACH 23,907 OFFICE EXPENSE 996 SUPPLIES 1,052 MISCELLANEOUS 135 DUES & SUBSCRIPTIONS 1,500 TRAVEL 44,443 MEALS 30,265 CONFERENCES/MEETINGS 650 CATERING 1,163 INTEREST 4,017 TOTAL 108,128 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 27,998 35,806 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | TO PROMOTE THE CITY OF DETROIT'S TURNAROUND AND TO SUPPORT THE MAYOR OF THE CITY OF DETROIT'S AGENDA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DAVID JONES |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CO-CHAIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3134189796 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-04-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DETROIT PROGRESS FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DETR |
| ReturnHeader/Filer/EIN | 0 | 464795309 |
| ReturnHeader/Filer/PhoneNum | 0 | 5172826241 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 7650 2ND AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DETROIT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 48202 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 01F98278C800F44C8369DEC4DEDB07453DA04D88 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | C1AC7154B9BA05DE70AB1101A6BBFFE2079B558F |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 173.14.57.233 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-05-07 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 14:11:16 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 383304893 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RENAISSANCE FINANCIAL GROUP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 300 N 5TH AVE STE 140 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ANN ARBOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 481041467 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7349941288 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-05-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANN BLACK |
| ReturnHeader/ReturnTs | 0 | 2018-05-07T15:11:16-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $24,400
- Liabilities
- $35,806
- Net assets
- -$11,406
- Revenue
- $133,055
- Expenses
- $150,671
- Net income
- -$17,616