Civic Intelligence

Develop Detroit Inc.

990 • Fiscal year 2023 • EIN 81-1368616

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 23, 2024

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

(313) 960-7700

Siviq Scores

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

Liabilities / Assets

87th percentile

0.79x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

3.77x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

83rd percentile

30%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

64th percentile

$318,183

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

55th percentile

8.2%

Faster asset growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$27,747,131

Up $2,094,691 (+8.2%) from 2022

Net Assets

Up

$5,780,487

Up $1,772,639 (+44%) from 2022

Liabilities

Up

$21,966,644

Up $322,052 (+1.5%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin83rd percentile

Revenue

Up

$5,822,593

Up $778,332 (+15%) from 2022

Expenses

Up

$4,094,725

Up $229,374 (+5.9%) from 2022

Net Income

Up

$1,727,868

Up $548,958 (+47%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth55th 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

2023

Assets$27,747,131
Liabilities$21,966,644
Net Assets$5,780,487
Open 2023 Filing

Operations Trend

Revenue Growth69th 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

2023

Revenue$5,822,593
Expenses$4,094,725
Net Income$1,727,868
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 23, 2024
Return Version
2023v5.1
Gross Receipts
$6,237,611
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 as strategic economic and commercial development that will help stabilize and transform disinvested neighborhoods. Ddi renovates and redevelops properties into high quality, inclusive housing that is well-designed and accessible to a broad range of detroiters. The firm develops 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$14,068,698$15,067,334▲ $998,636
Land, Buildings, and Equipment, Net$4,101,868$4,110,446▲ $8,578
Pledges and Grants Receivable$300,000$1,276,324▲ $976,324
Cash and Non-Interest-Bearing Accounts$2,208,162$1,254,221▼ $953,941
Accounts Receivable$546,196$483,579▼ $62,617
Prepaid Expenses and Deferred Charges$105,080$165,085▲ $60,005
Total Assets$25,652,440$27,747,131▲ $2,094,691
Other Assets Total$4,322,436$5,390,142▲ $1,067,706
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,025,253$18,702,459▲ $677,206
Other Liabilities$1,579,807$1,816,582▲ $236,775
Accounts Payable and Accrued Expenses$2,039,532$1,447,603▼ $591,929
Total Liabilities$21,644,592$21,966,644▲ $322,052
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,670,349$4,592,988▲ $922,639
Net Assets With Donor Restrictions$337,499$1,187,499▲ $850,000
Total Net Assets Fund Balance$4,007,848$5,780,487▲ $1,772,639
Total Liabilities and Net Assets / Fund Balance$25,652,440$27,747,131▲ $2,094,691

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,703,565$139,782$3,843,347
Land$400,203-$400,203
Equipment$6,678$80,136$86,814
Investment Program Related Org$7,735,634--
Other Assets Org$334,050--
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sonya MaysPresident & CEOFT$273,349$44,834$318,183
Craig WillianChief Investment OfficerFT$194,851$37,470$232,321
Mark MeierChief Financial OfficerFT$174,257$36,836$211,093
Oren BrandvainDirector, Community InvestmentFT$112,455$18,772$131,227

Board Members and Trustees

NameTitle
Kate Kohn-parrottChair
Jason PaulateerVice Chair
Beverly EricksonMember
Gwen ButlerMember
Lisa AlberghiniMember
Melissa WordenMember
Robin KinlochMember
Ron StallworthMember
Sean WerdlowMember
Sherrie FarrellMember
Laura GrannemannSecretary
Will SmithTreasurer (left During 2024)
Revenue and Support

Revenue Composition

Contributions and Grants
$3,698,856
Program Service Revenue
$1,153,631
Investment Income
$92,482
Other Revenue
$877,624
All Other Contributions
$3,572,532
Change in Net Assets
$1,727,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,589,497
Salaries, Compensation, and Employee Benefits$1,505,228
Total Fundraising Expense$287,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$514,750$89,350$140,243$744,343
Interest$715,486--$715,486
Current Officers, Directors, Trustees, and Key Employees$366,020$63,535$99,721$529,276
Occupancy$473,849$44,232-$518,081
Fees for Services Other$131,066$52,148$7,500$190,714
Office Expenses$124,872$43,439-$168,311
Other Employee Benefits$102,400$15,775$24,761$142,936
Other Expenses$80,373$54,203$72$134,648
Depreciation Depletion$118,897--$118,897
Fees for Services Accounting$5,000$99,215-$104,215
Payroll Taxes$65,461$9,033$14,179$88,673
Insurance$55,770$6,159-$61,929
Advertising$11,327$50,420-$61,747
Fees for Services Legal$49,070$11,100-$60,170
Fees for Services Management$41,281--$41,281
Travel$603$21,840$1,309$23,752
Total Functional Expenses$3,246,491$560,449$287,785$4,094,725
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
Conditional Advances$1,250,000
Due to Affiliates$566,582
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
No

Governance Explanations

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. The ceo reviews the compensation for all senior staff.”

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.”

FORM 990, PART VI, LINE 16B:

“Develop detroit's policy over evaluating its participation in joint venture arrangements includes an assessment performed by management and the board of directors to ensure the terms of any potential joint venture relationship is permitted under applicable federal tax law and develop detroit's exempt status is being safeguarded. In addition, formal operating and other applicable agreements are formally executed by all parties involved and clearly outline develop detroit's role in all joint venture relationships.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Sonya Mays
Title
President & CEO
Phone
3139607700
Signed
2024-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sonya Mays
Formed
2015
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
12
Employees
9
Volunteers
12

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Andrew R Puricelli CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Impairment on investment in affiliate -836,045. Forgiveness of liabilities 880,816.”

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, 2023. However, the agency's information returns are subject to examination by the appropriate taxing jurisdictions.”

Raw XML AppendixShowing 400 of 850 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02039532
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01447603
IRS990/AccountsReceivableGrp/BOYAmt0546196
IRS990/AccountsReceivableGrp/EOYAmt0483579
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DEVELOP DETROIT, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT FIRM FOCUSED ON PROVIDING AFFORDABLE AND MIXED INCOME HOUSING, AS WELL AS STRATEGIC ECONOMIC AND COMMERCIAL DEVELOPMENT THAT WILL HELP STABILIZE AND TRANSFORM DISINVESTED NEIGHBORHOODS. DDI RENOVATES AND REDEVELOPS PROPERTIES INTO HIGH QUALITY, INCLUSIVE HOUSING THAT IS WELL-DESIGNED AND ACCESSIBLE TO A BROAD RANGE OF DETROITERS. THE FIRM DEVELOPS ACROSS A WIDE RANGE OF REAL ESTATE PROJECT TYPES, INCLUDING SINGLE-FAMILY REHABILITATION AND INFILL AND MULTI- FAMILY PRESERVATION.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt050420
IRS990/AdvertisingGrp/ProgramServicesAmt011327
IRS990/AdvertisingGrp/TotalAmt061747
IRS990/AllOtherContributionsAmt03572532
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARK MEIER CFO
IRS990/BooksInCareOfDetail/PhoneNum03139607700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01452 RANDOLPH STREET 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0DETROIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048226
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02208162
IRS990/CashNonInterestBearingGrp/EOYAmt01254221
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt099721
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt063535
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0366020
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0529276
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03698856
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt092482
IRS990/CYOtherExpensesAmt02589497
IRS990/CYOtherRevenueAmt0877624
IRS990/CYProgramServiceRevenueAmt01153631
IRS990/CYRevenuesLessExpensesAmt01727868
IRS990/CYSalariesCompEmpBnftPaidAmt01505228
IRS990/CYTotalExpensesAmt04094725
IRS990/CYTotalFundraisingExpenseAmt0287785
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05822593
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0118897
IRS990/DepreciationDepletionGrp/TotalAmt0118897
IRS990/Desc0REAL ESTATE DEVELOPMENT - WE IMAGINE, DESIGN AND BUILD BEAUTIFUL HOUSING. WE CREATE MIXED-INCOME COMMUNITIES AND SINGLE-FAMILY HOMES ACROSS DETROIT FOR THE FULL RANGE OF DETROITERS. OUR WORK IS AN INTEGRATED APPROACH TO STABILIZING AND GROWING NEIGHBORHOODS DECIMATED BY THE RECENT HOUSING CRISIS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0337499
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01187499
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03246491
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt099215
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt05000
IRS990/FeesForServicesAccountingGrp/TotalAmt0104215
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt011100
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt049070
IRS990/FeesForServicesLegalGrp/TotalAmt060170
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt041281
IRS990/FeesForServicesManagementGrp/TotalAmt041281
IRS990/FeesForServicesOtherGrp/FundraisingAmt07500
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt052148
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0131066
IRS990/FeesForServicesOtherGrp/TotalAmt0190714
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt039.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1439.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1539.75
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt044834
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1336836
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1437470
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1518772
IRS990/Form990PartVIISectionAGrp/PersonNm0SONYA MAYS
IRS990/Form990PartVIISectionAGrp/PersonNm1KATE KOHN-PARROTT
IRS990/Form990PartVIISectionAGrp/PersonNm2JASON PAULATEER
IRS990/Form990PartVIISectionAGrp/PersonNm3WILL SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4LAURA GRANNEMANN
IRS990/Form990PartVIISectionAGrp/PersonNm5SHERRIE FARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm6MELISSA WORDEN
IRS990/Form990PartVIISectionAGrp/PersonNm7GWEN BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm8LISA ALBERGHINI
IRS990/Form990PartVIISectionAGrp/PersonNm9BEVERLY ERICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBIN KINLOCH
IRS990/Form990PartVIISectionAGrp/PersonNm11RON STALLWORTH
IRS990/Form990PartVIISectionAGrp/PersonNm12SEAN WERDLOW
IRS990/Form990PartVIISectionAGrp/PersonNm13MARK MEIER
IRS990/Form990PartVIISectionAGrp/PersonNm14CRAIG WILLIAN
IRS990/Form990PartVIISectionAGrp/PersonNm15OREN BRANDVAIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0273349
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13174257
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14194851
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15112455
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER (LEFT DURING 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF INVESTMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR, COMMUNITY INVESTMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt092482
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0126324
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0507500
IRS990/GrossReceiptsAmt06237611
IRS990/GrossRentsGrp/RealAmt0801046
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06159
IRS990/InsuranceGrp/ProgramServicesAmt055770
IRS990/InsuranceGrp/TotalAmt061929
IRS990/InterestGrp/ProgramServicesAmt0715486
IRS990/InterestGrp/TotalAmt0715486
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt014068698
IRS990/InvestmentsProgramRelatedGrp/EOYAmt015067334
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0219918
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04101868
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04110446
IRS990/LandBldgEquipCostOrOtherBssAmt04330364
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0415018
IRS990/LessRentalExpensesGrp/RealAmt00
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/BOYAmt018025253
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt018702459
IRS990/NetAssetsOrFundBalancesBOYAmt04007848
IRS990/NetAssetsOrFundBalancesEOYAmt05780487
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt092482
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt092482
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0801046
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0801046
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03670349
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04592988
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt044232
IRS990/OccupancyGrp/ProgramServicesAmt0473849
IRS990/OccupancyGrp/TotalAmt0518081
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt043439
IRS990/OfficeExpensesGrp/ProgramServicesAmt0124872
IRS990/OfficeExpensesGrp/TotalAmt0168311
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04322436
IRS990/OtherAssetsTotalGrp/EOYAmt05390142
IRS990/OtherChangesInNetAssetsAmt044771
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt024761
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015775
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0102400
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0142936
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt072
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt054203
IRS990/OtherExpensesGrp/ProgramServicesAmt0390266
IRS990/OtherExpensesGrp/ProgramServicesAmt180373
IRS990/OtherExpensesGrp/TotalAmt0390266
IRS990/OtherExpensesGrp/TotalAmt1134648
IRS990/OtherLiabilitiesGrp/BOYAmt01579807
IRS990/OtherLiabilitiesGrp/EOYAmt01816582
IRS990/OtherRevenueMiscGrp/BusinessCd0900001
IRS990/OtherRevenueMiscGrp/BusinessCd1900001
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM INVESTMENT
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt045860
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt130718
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt045860
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt130718
IRS990/OtherRevenueTotalAmt076578
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0140243
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt089350
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0514750
IRS990/OtherSalariesAndWagesGrp/TotalAmt0744343
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014179
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09033
IRS990/PayrollTaxesGrp/ProgramServicesAmt065461
IRS990/PayrollTaxesGrp/TotalAmt088673
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0300000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01276324
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0105080
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0165085
IRS990/PrincipalOfficerNm0SONYA MAYS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900001
IRS990/ProgramServiceRevenueGrp/BusinessCd1900001
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST INCOME ON NOT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0870837
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1282794
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0870837
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1282794
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03445936
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt010000
IRS990/PYInvestmentIncomeAmt077
IRS990/PYOtherExpensesAmt02146628
IRS990/PYOtherRevenueAmt0514100
IRS990/PYProgramServiceRevenueAmt01084148
IRS990/PYRevenuesLessExpensesAmt01178910
IRS990/PYSalariesCompEmpBnftPaidAmt01708723
IRS990/PYTotalExpensesAmt03865351
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05044261
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01727868
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0801046
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt02123737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03698856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03445936
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03049330
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07183850
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01381344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018759316
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0813
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0756
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01836
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06807440
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43230
IRS990ScheduleA/PublicSupportPY170Pct00.43950
IRS990ScheduleA/PublicSupportTotal170Amt08109769
IRS990ScheduleA/SubstantialContributorsTotAmt010649547
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03698856
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03445936
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03049330
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07183850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01381344
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018759316
IRS990ScheduleA/TotalSupportAmt018761152
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/BuildingsGrp/BookValueAmt03703565
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0139782
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03843347

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,747,131
Liabilities
$21,966,644
Net assets
$5,780,487
Revenue
$5,822,593
Expenses
$4,094,725
Net income
$1,727,868
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
2023Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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