Civic Intelligence

Detroit Prep Qalicb

EIN 83-1321794 • 501(c)3 • Detroit, MI

Profile

Detroit prep qalicb is a michigan corporation which was organized to obtain financing and refurbish a former detroit public school building to be leased to the detroit achievement academy.

7000 W Outer DriveDetroit, MI 48235
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.32x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

22nd percentile

-6.1%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$4,550,811

Down $293,378 (-6.1%) from 2024

Liabilities

Up

$5,997,881

Up $43,750 (+0.7%) from 2024

Net Assets

Down

-$1,447,070

Down $337,128 (-30%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Up

-$337,128

Up $5,685 (+1.7%) from 2024

Expenses

Flat

$0

Flat from 2024

Net Income

Up

-$337,128

Up $5,685 (+1.7%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2019: $7,596,865Liabilities 2019: $7,051,336Net Assets 2019: $545,5292019Assets 2020: $6,222,812Liabilities 2020: $5,956,383Net Assets 2020: $266,4292020Assets 2021: $5,874,721Liabilities 2021: $5,954,132Net Assets 2021: -$79,4112021Assets 2022: $5,533,996Liabilities 2022: $5,954,133Net Assets 2022: -$420,1372022Assets 2023: $5,189,628Liabilities 2023: $5,956,757Net Assets 2023: -$767,1292023Assets 2024: $4,844,189Liabilities 2024: $5,954,131Net Assets 2024: -$1,109,9422024Assets 2025: $4,550,811Liabilities 2025: $5,997,881Net Assets 2025: -$1,447,0702025

Highlighted filing

2025

Assets$4,550,811
Liabilities$5,997,881
Net Assets-$1,447,070
Open 2025 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $594,255Expenses 2019: $48,726Net Income 2019: $545,5292019Revenue 2020: $184,815Expenses 2020: $463,915Net Income 2020: -$279,1002020Revenue 2021: -$345,840Expenses 2021: $0Net Income 2021: -$345,8402021Revenue 2022: -$340,726Expenses 2022: $0Net Income 2022: -$340,7262022Revenue 2023: -$346,992Expenses 2023: $0Net Income 2023: -$346,9922023Revenue 2024: -$342,813Expenses 2024: $0Net Income 2024: -$342,8132024Revenue 2025: -$337,128Expenses 2025: $0Net Income 2025: -$337,1282025

Highlighted filing

2025

Revenue-$337,128
Expenses$0
Net Income-$337,128
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,550,811
Liabilities
$5,997,881
Net assets
-$1,447,070
Revenue
-$337,128
Expenses
$0
Net income
-$337,128
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.55$6.00$1.45$0.34$0.00$0.34
2024Detailed filing. Detailed filing data is available for this year.$4.84$5.95$1.11$0.34$0.00$0.34
2023Detailed filing. Detailed filing data is available for this year.$5.19$5.96$0.77$0.35$0.00$0.35
2022Detailed filing. Detailed filing data is available for this year.$5.53$5.95$0.42$0.34$0.00$0.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$5.95$0.08$0.35$0.00$0.35
2020Summary only. Only limited summary data is available for this year.$6.22$5.96$0.27$0.18$0.46$0.28
2019Summary only. Only limited summary data is available for this year.$7.60$7.05$0.55$0.59$0.05$0.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$175,000
Mission and Program Overview

Mission

Detroit prep qalicb is a michigan corporation which was organized to obtain financing and refurbish a former detroit public school building to be leased to the detroit achievement academy.

Detroit prep qalicb is a non-profit michigan corporation which was organized to obtain financing and refurbish a former detroit public school building and lease these facilities to the detroit achievement academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,694,475$4,436,343▼ $258,132
Cash and Non-Interest-Bearing Accounts$88,015$99,043▲ $11,028
Intangible Assets$61,699$15,425▼ $46,274
Total Assets$4,844,189$4,550,811▼ $293,378
Liabilities
Other Liabilities$5,940,000$5,940,000→ $0
Deferred Revenue-$43,750-
Accounts Payable and Accrued Expenses$14,131$14,131→ $0
Total Liabilities$5,954,131$5,997,881▲ $43,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,109,942$-1,447,070▼ $337,128
Total Net Assets Fund Balance$-1,109,942$-1,447,070▼ $337,128
Total Liabilities and Net Assets / Fund Balance$4,844,189$4,550,811▼ $293,378

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,436,343$1,500,698$5,937,041
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Kyle SmitleyPresident
Jared StasikSecretary
Greg DematraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$371
Other Revenue
$-337,499
Change in Net Assets
$-337,128

Audited Revenue Reconciliation

Revenue per Audited Statements
$-337,128
Total Revenue per Audited Statements
$-337,128
Total Revenue per Form 990
$-337,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Iff Capital 28 LLC Loan a$2,500,000
Iff Capital 28 LLC Loan C$1,725,600
Iff Capital 28 LLC Loan B$1,714,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Detroit Prep Qalicb
EIN
83-1321794
Phone
4194395953
Address
7000 W OUTER DRIVE, DETROIT, MI 48235

Signing Officer

Name
Kyle Smitley
Title
President
Phone
4194395953
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle Smitley
Formed
2018
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Taylor & Morgan CPA Pc
Address
2302 STONEBRIDGE DR BLDG D, FLINT, MI 48532-5406
Preparer
Michael R Mackenzie
Phone
8102308200
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Detroit prep qalicb is a michigan corporation which was organized to refurbish a former detroit public school building to be used by the detroit achieve academy.”

Form 990, Part XI, Line 9

“Asc 842 revenues not recognized for tax 0”

Raw XML Appendix286 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/LoanOutstandingInd0false
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1IFF CAPITAL 28 LLC LOAN C
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DETROIT PREP QALICB
ReturnHeader/Filer/BusinessNameControlTxt0DETR
ReturnHeader/Filer/EIN0831321794
ReturnHeader/Filer/PhoneNum04194395953
ReturnHeader/Filer/USAddress/AddressLine1Txt07000 W OUTER DRIVE
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048235
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382401965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAYLOR & MORGAN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02302 STONEBRIDGE DR BLDG D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0485325406
ReturnHeader/PreparerPersonGrp/PhoneNum08102308200
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R MACKENZIE
ReturnHeader/ReturnTs02025-11-12T15:49:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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