Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Detroit Progress Fund
990EZ • Fiscal year 2018 • EIN 46-4795309
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
4.68x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% 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
8th percentile
Faster asset growth than 8% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Balance Sheet
Assets
Down$14,584
Down $9,816 (-40%) from 2017
Net Assets
Down-$53,668
Down $42,262 (-371%) from 2017
Liabilities
Up$68,252
Up $32,446 (+91%) from 2017
Revenue And Expenses
Revenue
Down$120,513
Down $12,542 (-9.4%) from 2017
Expenses
Up$162,774
Up $12,103 (+8.0%) from 2017
Net Income
Down-$42,261
Down $24,645 (-140%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Apr 12, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $120,513
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. | - | $132,282 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TRUNETTA ROACH | 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
- 5175151937
- Address
- 7650 2ND AVENUE, DETROIT, MI 48202
Signing Officer
- Name
- Trunetta Roach
- Title
- Chair
- Signed
- 2019-04-12
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 33,876 gifts 1,017 office expense 2,098 supplies 826 miscellaneous 80 miscellaneous fundraising exp 175 travel 41,269 meals 16,199 conferences/meetings 11,645 catering 7,923 interest 8,994 total 124,102”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 35,807 68,252”
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 Appendix109 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 | ABBEY DINSMORE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5175151937 |
| 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 | 24400 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 14584 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 120513 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -42261 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 38672 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 24400 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 14584 |
| IRS990EZ/GrossReceiptsAmt | 0 | 120513 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -11407 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -53668 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -11407 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -53668 |
| 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/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TRUNETTA ROACH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAVID KATZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | TATIANA GRANT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JONATHAN QUARLES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 124102 |
| 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/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 | 132282 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 35807 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 68252 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 162774 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 132282 |
| IRS990EZ/TotalRevenueAmt | 0 | 120513 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.DETROITPROGRESSFUND.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES COMMUNITY OUTREACH 33,876 GIFTS 1,017 OFFICE EXPENSE 2,098 SUPPLIES 826 MISCELLANEOUS 80 MISCELLANEOUS FUNDRAISING EXP 175 TRAVEL 41,269 MEALS 16,199 CONFERENCES/MEETINGS 11,645 CATERING 7,923 INTEREST 8,994 TOTAL 124,102 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 35,807 68,252 |
| 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 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TRUNETTA ROACH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIR |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-04-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DETROIT PROGRESS FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DETR |
| ReturnHeader/Filer/EIN | 0 | 464795309 |
| ReturnHeader/Filer/PhoneNum | 0 | 5175151937 |
| 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 | E27D100C1784D2A60356BE40F33B53F41C4E68C0 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | C1AC7154B9BA05DE70AB1101A6BBFFE2079B558F |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 173.14.57.233 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-04-29 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 12:14:49 |
| 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 | 2019-04-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANN BLACK |
| ReturnHeader/ReturnTs | 0 | 2019-04-29T12:14:49-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $14,584
- Liabilities
- $68,252
- Net assets
- -$53,668
- Revenue
- $120,513
- Expenses
- $162,774
- Net income
- -$42,261