Civic Intelligence

Develop Detroit Inc.

990 • Fiscal year 2019 • EIN 81-1368616

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 02, 2020

Organization ProfileWWW.DEVELOPDETROIT.ORG
1452 Randolph Street Suite 300Detroit, MI 48226

(313) 960-7700

Siviq Scores

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

Liabilities / Assets

88th percentile

0.84x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

73.53x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

1st percentile

-1011%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$309,407

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 131.2% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

12th percentile

-6.3%

Faster asset growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-93%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$20,615,268

Down $1,382,546 (-6.3%) from 2018

Net Assets

Down

$3,276,570

Down $2,364,651 (-42%) from 2018

Liabilities

Up

$17,338,698

Up $982,105 (+6.0%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$235,791

Down $2,942,898 (-93%) from 2018

Expenses

Down

$2,620,109

Down $260,405 (-9.0%) from 2018

Net Income

Down

-$2,384,318

Down $2,682,493 (-900%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$30M$20M$10M$0Assets 2016: $6,935,502Liabilities 2016: $1,772,096Net Assets 2016: $5,163,4062016Assets 2017: $9,478,632Liabilities 2017: $4,135,586Net Assets 2017: $5,343,0462017Assets 2018: $21,997,814Liabilities 2018: $16,356,593Net Assets 2018: $5,641,2212018Assets 2019: $20,615,268Liabilities 2019: $17,338,698Net Assets 2019: $3,276,5702019Assets 2020: $24,758,650Liabilities 2020: $18,313,508Net Assets 2020: $6,445,1422020Assets 2021: $25,520,597Liabilities 2021: $19,085,535Net Assets 2021: $6,435,0622021Assets 2022: $25,652,440Liabilities 2022: $21,644,592Net Assets 2022: $4,007,8482022Assets 2023: $27,747,131Liabilities 2023: $21,966,644Net Assets 2023: $5,780,4872023Assets 2024: $28,400,976Liabilities 2024: $23,836,275Net Assets 2024: $4,564,7012024

Highlighted filing

2019

Assets$20,615,268
Liabilities$17,338,698
Net Assets$3,276,570
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $6,886,017Expenses 2016: $1,722,611Net Income 2016: $5,163,4062016Revenue 2017: $2,205,063Expenses 2017: $2,025,423Net Income 2017: $179,6402017Revenue 2018: $3,178,689Expenses 2018: $2,880,514Net Income 2018: $298,1752018Revenue 2019: $235,791Expenses 2019: $2,620,109Net Income 2019: -$2,384,3182019Revenue 2020: $7,642,414Expenses 2020: $4,473,842Net Income 2020: $3,168,5722020Revenue 2021: $4,872,421Expenses 2021: $4,882,501Net Income 2021: -$10,0802021Revenue 2022: $5,044,261Expenses 2022: $3,865,351Net Income 2022: $1,178,9102022Revenue 2023: $5,822,593Expenses 2023: $4,094,725Net Income 2023: $1,727,8682023Revenue 2024: $5,096,538Expenses 2024: $4,659,972Net Income 2024: $436,5662024

Highlighted filing

2019

Revenue$235,791
Expenses$2,620,109
Net Income-$2,384,318
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 2, 2020
Return Version
2019v5.1
Gross Receipts
$3,761,260
Mission and Program Overview

Mission

SEE PAGE 1, QUESTION 1

Develop detroit, inc. Is a nonprofit community development firm focused on providing affordable and mixed income housing, as well asstrategic economic and commercial development that will help stabilize and transform disinvested neighborhoods. Ddi renovates andredevelops properties into high quality, inclusive housing that is well-designed and accessible to a broad range of detroiters. The firmdevelops across a wide range of real estate project types, including single-family rehabilitation and infill and multi- family preservation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$8,744,774$9,476,033▲ $731,259
Cash and Non-Interest-Bearing Accounts$4,729,808$1,236,593▼ $3,493,215
Pledges and Grants Receivable$1,405,656$1,000,000▼ $405,656
Land, Buildings, and Equipment, Net$0$86,814▲ $86,814
Savings and Temporary Cash Investments-$50,778-
Prepaid Expenses and Deferred Charges$35,601$22,711▼ $12,890
Total Assets$21,997,814$20,615,268▼ $1,382,546
Other Assets Total$7,081,975$8,742,339▲ $1,660,364
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,894,842$14,008,332▲ $113,490
Accounts Payable and Accrued Expenses$2,461,751$3,330,366▲ $868,615
Total Liabilities$16,356,593$17,338,698▲ $982,105
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,847,234$2,117,886▼ $1,729,348
Net Assets With Donor Restrictions$1,793,987$1,158,684▼ $635,303
Total Net Assets Fund Balance$5,641,221$3,276,570▼ $2,364,651
Total Liabilities and Net Assets / Fund Balance$21,997,814$20,615,268▼ $1,382,546

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$86,814-$86,814
Investment Program Related Org$5,277,444--
Other Assets Org$777,162--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sonya MaysPresident & CEOFT$270,762$38,645$309,407
Ben PhillipsVP Real Estate, Non VotingFT$228,275$24,510$252,785
Sean WhiteDirector of Fund DevelopmeFT$118,000$18,030$136,030

Board Members and Trustees

NameTitle
Sherrie FarrellChair
Dan VarnerMember
Dennis Archer JrMember
Gwen ButlerMember
Jason PaulateerMember
Melissa WordenMember
Rick HallerMember
Thomas BledsoeMember
Kate Kohn-parrottSecretary
Will SmithTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lewand Custom HomesConstruction231 S OLD WOODWARD AVE 220, Birmingham, MI 48009$3,060,027
The Housing Partnership Network INCManagement1 WASHINGTON MALL 12TH FLOOR, Boston, MA 02108$325,303
Detroit Expediting & Development GroupDevelopment30645 PIERCE, Southfield, MI 48076$233,537
Revenue and Support

Revenue Composition

Contributions and Grants
$1,381,344
Program Service Revenue
$537,090
Investment Income
$-1,787,743
Other Revenue
$105,100
All Other Contributions
$1,381,344
Change in Net Assets
$-2,384,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,311,725
Other Expenses$1,308,384
Total Fundraising Expense$259,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$515,660$121,932$152,655$790,247
Interest$424,422--$424,422
Fees for Services Management$285,429$39,874-$325,303
Current Officers, Directors, Trustees, and Key Employees$201,897$47,740$59,769$309,406
Other Employee Benefits$90,700$22,445$28,006$141,151
Office Expenses$68,650$33,227-$101,877
Occupancy$60,530$21,206-$81,736
Payroll Taxes$46,278$10,943$13,700$70,921
Travel$27,079$5,663$3,089$35,831
Fees for Services Accounting$28,062$5,120-$33,182
Fees for Services Other$24,648$4,862$2,000$31,510
Advertising$30,611--$30,611
Insurance-$14,028-$14,028
Fees for Services Legal$8,874$1,619-$10,493
Other Expenses$53,922$245-$245
Total Functional Expenses$2,027,901$332,989$259,219$2,620,109
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
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
No
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

“Certain management and financial functions of develop detroit are performed by an unrelated management company, the housing partnership network, inc.”

Form 990, Part VI, Section A, Line 8B

“There are no committees that hold authority to act on behalf of the governing body.”

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

“The board of directors reviews the form 990.”

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

“Possible conflicts of interest are reviewed and are noted as necessary at board meetings.”

Form 990, Part VI, Section B, Line 15A

“The board has instituted a formal board process for ceo performance and compensation which the the board will formally approve the ceo salary.”

Form 990, Part VI, Section C, Line 19

“All governing documents are available for inspection by the public at the organization's offices during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Develop Detroit Inc
EIN
81-1368616
Phone
3139607700
Address
1452 RANDOLPH STREET SUITE 300, DETROIT, MI 48226

Signing Officer

Name
Sonya Mays
Title
President & CEO
Phone
3139607700
Signed
2020-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sonya Mays
Formed
2015
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
10
Employees
12
Volunteers
10

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Thomas Washburn CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Other changes in net assets 19,667.”

FORM 990, PART XII, LINE 2C:

“The selection of the independent auditor and the audit process are monitored by the full board of directors. This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The agency accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidating financial statements regarding a tax position taken or expected to be taken in a tax return. The agency has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidating financial statements at december 31, 2019. However, the agency's information returns are subject to examination by the appropriate taxing jurisdictions.”

Raw XML AppendixShowing 400 of 695 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.

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IRS990/ActivityOrMissionDesc0DEVELOP DETROIT, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT FIRM FOCUSED ON PROVIDING AFFORDABLE AND MIXED INCOME HOUSING, AS WELL ASSTRATEGIC ECONOMIC AND COMMERCIAL DEVELOPMENT THAT WILL HELP STABILIZE AND TRANSFORM DISINVESTED NEIGHBORHOODS. DDI RENOVATES ANDREDEVELOPS PROPERTIES INTO HIGH QUALITY, INCLUSIVE HOUSING THAT IS WELL-DESIGNED AND ACCESSIBLE TO A BROAD RANGE OF DETROITERS. THE FIRMDEVELOPS ACROSS A WIDE RANGE OF REAL ESTATE PROJECT TYPES, INCLUDING SINGLE-FAMILY REHABILITATION AND INFILL AND MULTI- FAMILY PRESERVATION.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP REAL ESTATE, NON VOTING
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF FUND DEVELOPME
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-1788499
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01736970
IRS990/GrossReceiptsAmt03761260
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt014028
IRS990/InsuranceGrp/TotalAmt014028
IRS990/InterestGrp/ProgramServicesAmt0424422
IRS990/InterestGrp/TotalAmt0424422
IRS990/InvestmentIncomeGrp/ExclusionAmt0756
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0756
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08744774
IRS990/InvestmentsProgramRelatedGrp/EOYAmt09476033
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt086814
IRS990/LandBldgEquipCostOrOtherBssAmt086814
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03525469
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE PAGE 1, QUESTION 1
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013894842
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt014008332
IRS990/NetAssetsOrFundBalancesBOYAmt05641221
IRS990/NetAssetsOrFundBalancesEOYAmt03276570
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1788499
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1788499
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03847234
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02117886
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt021206
IRS990/OccupancyGrp/ProgramServicesAmt060530
IRS990/OccupancyGrp/TotalAmt081736
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt033227
IRS990/OfficeExpensesGrp/ProgramServicesAmt068650
IRS990/OfficeExpensesGrp/TotalAmt0101877
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07081975
IRS990/OtherAssetsTotalGrp/EOYAmt08742339
IRS990/OtherChangesInNetAssetsAmt019667
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt028006
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022445
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt090700
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0141151
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAX
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04085
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1245
IRS990/OtherExpensesGrp/ProgramServicesAmt0161139
IRS990/OtherExpensesGrp/ProgramServicesAmt153922
IRS990/OtherExpensesGrp/TotalAmt0161139
IRS990/OtherExpensesGrp/TotalAmt158007
IRS990/OtherExpensesGrp/TotalAmt2245
IRS990/OtherRevenueMiscGrp/BusinessCd0900001
IRS990/OtherRevenueMiscGrp/BusinessCd1900001
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM INVESTMENT IN AFFILIA
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt099449
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15651
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt099449
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15651
IRS990/OtherRevenueTotalAmt0105100
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0152655
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0121932
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0515660
IRS990/OtherSalariesAndWagesGrp/TotalAmt0790247
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013700
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010943
IRS990/PayrollTaxesGrp/ProgramServicesAmt046278
IRS990/PayrollTaxesGrp/TotalAmt070921
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01405656
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01000000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035601
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022711
IRS990/PrincipalOfficerNm0SONYA MAYS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900001
IRS990/ProgramServiceRevenueGrp/BusinessCd1900001
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST INCOME ON NOTE RECEIVABL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0305739
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1231351
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0305739
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1231351
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02880164
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0376
IRS990/PYOtherExpensesAmt01554042
IRS990/PYOtherRevenueAmt079014
IRS990/PYProgramServiceRevenueAmt0219135
IRS990/PYRevenuesLessExpensesAmt0298175
IRS990/PYSalariesCompEmpBnftPaidAmt01326472
IRS990/PYTotalExpensesAmt02880514
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03178689
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2384318
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0642190
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050778
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01381344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02880164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01938264
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06885967
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013085739
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0732
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01914
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01101306
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0105100
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0105100
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02497902
IRS990ScheduleA/SubstantialContributorsTotAmt010587837
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01381344
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02880164
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01938264
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06885967
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013085739
IRS990ScheduleA/TotalSupportAmt013192753
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/BookValueAmt086814
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086814
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04198589
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt15277444
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN 93 SEWARD PARTNERS LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NOTE RECEIVABLE FROM 1346 GRATIOT LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04178844
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13786333
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2777162
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PROJECTS UNDER DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTRICTED CASH
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AGENCY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2019. HOWEVER, THE AGENCY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,615,268
Liabilities
$17,338,698
Net assets
$3,276,570
Revenue
$235,791
Expenses
$2,620,109
Net income
-$2,384,318
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.4$23.8$4.56$5.10$4.66$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.7$22.0$5.78$5.82$4.09$1.73
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$21.6$4.01$5.04$3.87$1.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$19.1$6.44$4.87$4.88$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$18.3$6.45$7.64$4.47$3.17
2019Detailed filing. Detailed filing data is available for this year.$20.6$17.3$3.28$0.24$2.62$2.38
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.0$16.4$5.64$3.18$2.88$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.48$4.14$5.34$2.21$2.03$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.94$1.77$5.16$6.89$1.72$5.16