Civic Intelligence

Real Estate Association of Developers Inc

EIN 83-1459012 • 501(c)3 • Detroit, MI

Profile

Empowering minority developers

PO Box 43766Detroit, MI 48243

www.readdevelopers.org

Siviq Scores

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

Liabilities / Assets

90th percentile

0.60x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

4.78x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

6th percentile

-256%

Higher net margin than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

83rd percentile

39%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-83%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$250,418

Up $69,993 (+39%) from 2023

Liabilities

Up

$150,613

Up $150,613 from 2023

Net Assets

Down

$99,805

Down $80,620 (-45%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Down

$31,487

Down $155,354 (-83%) from 2023

Expenses

Up

$112,107

Up $57,778 (+106%) from 2023

Net Income

Down

-$80,620

Down $213,132 (-161%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

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

$300K$200K$100K$0Assets 2023: $180,425Liabilities 2023: $0Net Assets 2023: $180,4252023Assets 2024: $250,418Liabilities 2024: $150,613Net Assets 2024: $99,8052024

Highlighted filing

2024

Assets$250,418
Liabilities$150,613
Net Assets$99,805
Open 2024 Filing

Operations Trend

Revenue Growth9th percentile

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

$200K$100K$0-$100KRevenue 2023: $186,841Expenses 2023: $54,329Net Income 2023: $132,5122023Revenue 2024: $31,487Expenses 2024: $112,107Net Income 2024: -$80,6202024

Highlighted filing

2024

Revenue$31,487
Expenses$112,107
Net Income-$80,620
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$250,418
Liabilities
$150,613
Net assets
$99,805
Revenue
$31,487
Expenses
$112,107
Net income
-$80,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.50$1.51$1.00$0.31$1.12$0.81
2023Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$1.87$0.54$1.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.2
Gross Receipts
$31,487
Mission and Program Overview

Mission

Empowering minority developers

Program Services

DescriptionGrantsExpenses
Our mission is to create, connect and support qualified minority developers throughout the entire project lifecycle. The organizations intent is to increase market share$500$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David AladePresidentPT$0--
Chase L CantrellVice PresidentPT$0--
Akunna OlumbaTreasurerPT$0--
Jason JonesSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Real Estate Association of Developers Inc
EIN
83-1459012
In Care Of
% David Alade
Address
PO Box 43766, Detroit, MI 48243

Signing Officer

Name
David Alade
Title
President
Signed
2025-10-14
Discuss with paid preparer
No

Preparer

Firm
JF Advisors PLLC
Address
440 Burroughs Suite 628, Detroit, MI 48202
Preparer
Deijah Perkins
Phone
3132610303
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

“Activity Event Sponsorship Grantee Urge Development”

Description of other expenses Part I line 16

“Description AmountWebsite 1,575General Events 46,090Social Media 2,305Bank Fees & Service Charges 384Memberships & Subscriptions 1,410Merchant account fees 1,483Software & Apps 3,870Fall Bus Tour 2024 2,319Spring 2024 Bus Tour 4,837Office Supplies 37Supplies and materials 195Directors and Officers Insurance 2,302Meals 8,780Advertising 4,453”

Description of other assets Part II line 24

“Category Beginning of Year End of YearEquipment 0 4,106”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearOpen Balance Equity 0 150,613”

Raw XML Appendix152 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0JF Advisors PLLC
IRS990EZ/BooksInCareOfDetail/PhoneNum03132610303
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0440 Burroughs Suite 628
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Detroit
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048202
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0180425
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0246312
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt024618
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-80620
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt017057
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt0250418
IRS990EZ/GrossReceiptsAmt031487
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt011
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt05041
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0180425
IRS990EZ/NetAssetsOrFundBalancesEOYAmt099805
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0180425
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt099805
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0David Alade
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Chase L Cantrell
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Akunna Olumba
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jason Jones
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04106
IRS990EZ/OtherExpensesTotalAmt080040
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PrimaryExemptPurposeTxt0Empowering minority developers
IRS990EZ/ProgramServiceRevenueAmt01817
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Our mission is to create, connect and support qualified minority developers throughout the entire project lifecycle. The organizations intent is to increase market share
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt015010
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0150613
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0112107
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt031487
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.readdevelopers.org
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt029659
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0180863
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0210522
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01817
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt05975
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt07792
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0218314
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt031476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0186838
IRS990ScheduleA/Total509Grp/TotalAmt0218314
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt031476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0186838
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0218314
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity Event Sponsorship Grantee Urge Development
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountWebsite 1,575General Events 46,090Social Media 2,305Bank Fees & Service Charges 384Memberships & Subscriptions 1,410Merchant account fees 1,483Software & Apps 3,870Fall Bus Tour 2024 2,319Spring 2024 Bus Tour 4,837Office Supplies 37Supplies and materials 195Directors and Officers Insurance 2,302Meals 8,780Advertising 4,453
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearEquipment 0 4,106
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearOpen Balance Equity 0 150,613
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID ALADE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REAL ESTATE ASSOCIATION OF DEVELOPERS INC
ReturnHeader/Filer/BusinessNameControlTxt0REAL
ReturnHeader/Filer/EIN0831459012
ReturnHeader/Filer/InCareOfNm0% David Alade
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 43766
ReturnHeader/Filer/USAddress/CityNm0Detroit
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048243
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461907360
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JF Advisors PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0440 Burroughs Suite 628
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Detroit
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048202
ReturnHeader/PreparerPersonGrp/PhoneNum03132610303
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEIJAH PERKINS
ReturnHeader/ReturnTs02025-10-15T12:06:19-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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