INVEST DETROIT FOUNDATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- INVEST DETROIT FOUNDATION (EIN 27-1927369)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-03
- IRS object ID
- 202333079349302648
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-03T15:56:34-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2601 CAMBRIDGE CT STE 300 | AddressLine1Txt |
| City | AUBURN HILLS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48326 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271927369 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVEST DETROIT FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INVE | BusinessNameControlTxt |
| Phone | 3132596368 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 RENAISSANCE CENTER 1710 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48243 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID BLASZKIEWICZ | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 3132596368 | PhoneNum |
| Signature | 2023-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAVID | PersonFirstNm |
| Person Last | BLASZKIEWICZ | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TINA PETERS | PreparerPersonNm |
| PTIN | P00904574 | PTIN |
| Phone | 2483757100 | PhoneNum |
| Preparation | 2023-11-02 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVEST DETROIT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID BLASZKIEWICZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 RENAISSANCE CENTER 1710 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48243 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $24,220,233 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | INVESTDETROIT.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | THE IDF LOAN PROGRAMS PROVIDE FUNDING, GENERALLY IN THE FORM OF LOANS, TO QUALIFIED APPLICANTS TO ENCOURAGE REVITALIZATION AND DEVELOPMENT. IN CONCERT WITH OPERATING THE LOAN PROGRAMS, IDF ALSO CONDUCTS PROGRAMMATIC ACTIVITIES THAT INCLUDE PLANNING, SPEARHEADING AND DEVELOPING STRATEGIES FOR URBAN REVITALIZATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 48 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,870,399 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,975,099 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,748,881 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,917,481 | CYProgramServiceRevenueAmt |
| PY Investment Income | $189,650 | PYInvestmentIncomeAmt |
| CY Investment Income | $327,653 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $12,808,930 | PYTotalRevenueAmt |
| CY Total Revenue | $24,220,233 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $8,434,377 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,647,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,862,158 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,057,586 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,431,952 | PYOtherExpensesAmt |
| CY Other Expenses | $5,085,689 | CYOtherExpensesAmt |
| PY Total Expenses | $21,728,487 | PYTotalExpensesAmt |
| CY Total Expenses | $16,790,775 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$8,919,557 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,429,458 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $154,389,743 | TotalAssetsBOYAmt |
| Total Assets EOY | $161,002,008 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $35,012,813 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $39,891,952 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $119,376,930 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $121,110,056 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | IDF PROMOTES A HIGHER QUALITY OF LIFE FOR DISTRESSED COMMUNITIES, PRIMARILY IN THE CITY OF DETROIT THROUGH ATTRACTING NEW INDUSTRY, ENCOURAGING THE DEVELOPMENT OF BUSINESS, HOUSING, TRANSPORTATION AND OTHER COMMUNITY RESOURCES. IDF PROVIDES LOANS AND FINANCIAL ASSISTANCE TO PROMOTE COMMUNITY DEVELOPMENT AND COMBAT COMMUNITY DETERIORATION AND ECONOMIC BLIGHT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,311,090 | ExpenseAmt |
| Grant | $655,000 | GrantAmt |
| Revenue | $4,009,073 | RevenueAmt |
| Desc | SUPPORTING DETROIT ECONOMIC DEVELOPMENT THROUGH REAL ESTATE AND SMALL BUSINESS FINANCING | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $949,393 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $717,011 | RevenueAmt |
| Desc | SUPPORTING HIGH TECH AND ENTREPRENEUR ACTIVITY | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,612,018 | ExpenseAmt |
| Grant | $3,992,500 | GrantAmt |
| Revenue | $191,397 | RevenueAmt |
| Desc | SUPPORTING INCLUSIVE NEIGHBORHOOD REVITALIZATION THROUGH STRATEGIC INTERVENTIONS | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $12,872,501 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 67 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 48 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMIE GRIMALDI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3132596368 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 RENAISSANCE CENTER SUITE 1710 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48243 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MATTHEW P CULLEN | ||||||||
| CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RODERICK D GILLUM | ||||||||
| VICE CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN BLANCHARD | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JOANN CHAVEZ | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| ANTOINE M GARIBALDI PHD | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| WRIGHT L LASSITER III | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| WENDY LEWIS JACKSON | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD A MANOOGIAN | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CHARLES G MCCLURE | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DAN NISSENBAUM | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS RIZIK | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| ALAN S SCHWARTZ | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SUZANNE SHANK | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| GARY TORGOW | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| LAURA TRUDEAU | ||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID BLASZKIEWICZ | ||||||||
| PRESIDENT & CEO | 30.00 | 10.00 | Yes (X) | $429,390 | $0 | $44,548 | ||
| CARRIE LEWAND-MONROE | ||||||||
| CHIEF OPERATING OFFICER | 20.00 | 20.00 | Yes (X) | $263,277 | $0 | $25,886 | ||
| AMBER GLADNEY | ||||||||
| ASSISTANT SECRETARY | 40.00 | 0.00 | Yes (X) | $149,992 | $0 | $15,263 | ||
| PAUL TRULIK | ||||||||
| SECRETARY/TREASURER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICIA GLAZA | ||||||||
| EXECUTIVE VICE PRESIDENT, VENTURE | 40.00 | 0.00 | $263,117 | $0 | $36,353 | Yes (X) | ||
| KEONA COWAN | ||||||||
| EXECUTIVE VICE PRESIDENT, LENDING | 40.00 | 0.00 | $261,493 | $0 | $35,621 | Yes (X) | ||
| MARTIN DOBER | ||||||||
| SENIOR VICE PRESIDENT, VENTURE | 40.00 | 0.00 | $202,675 | $0 | $33,857 | Yes (X) | ||
| DANIELLE GRACEFFA | ||||||||
| GENERAL COUNSEL | 40.00 | 0.00 | $222,315 | $0 | $34,573 | Yes (X) | ||
| PAUL JONES | ||||||||
| DIRECTOR OF BUSINESS SUPPORT NETWORK | 40.00 | 0.00 | $188,373 | $0 | $11,425 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,980,632 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $237,526 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| URGE IMPRINT LLC | |||||
| 19420 PARKSIDE | DETROIT | MI | 48221 | CONSULTING SERVICES | $300,000 |
| PLANTE & MORAN PLLC | |||||
| 16060 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | ACCOUNTING SERVICES | $176,919 |
| DETROIT EXPEDITING | |||||
| 30645 PIERCE | SOUTHFIELD | MI | 48076 | DEVELOPMENTAL SERVICES | $167,275 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $500,000 | GovernmentGrantsAmt |
| All Other Contributions | $18,475,099 | AllOtherContributionsAmt |
| Total Contributions | $18,975,099 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN INTEREST INCOME | 900099 | $2,564,281 | $2,564,281 |
| ADMINISTRATIVE FEES | 900099 | $1,886,610 | $1,886,610 |
| LOAN TRANSACTION FEES | 900099 | $466,590 | $466,590 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,917,481 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $327,653 | TotalRevenueColumnAmt |
| Exclusion | $327,653 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,220,233 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,917,481 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $327,653 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,642,500 | TotalAmt |
| Program Services | $4,642,500 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,000 | TotalAmt |
| Program Services | $5,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $324,907 | TotalAmt |
| Program Services | $324,907 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,302,160 | TotalAmt |
| Program Services | $3,781,296 | ProgramServicesAmt |
| Management And General | $2,520,864 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,458 | TotalAmt |
| Program Services | $57,875 | ProgramServicesAmt |
| Management And General | $38,583 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,061 | TotalAmt |
| Program Services | $200,437 | ProgramServicesAmt |
| Management And General | $133,624 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $288,037 | TotalAmt |
| Management And General | $288,037 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,650 | TotalAmt |
| Management And General | $40,650 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,122,826 | TotalAmt |
| Program Services | $838,618 | ProgramServicesAmt |
| Management And General | $284,208 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,016 | TotalAmt |
| Management And General | $70,016 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $176,450 | TotalAmt |
| Management And General | $176,450 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,932 | TotalAmt |
| Management And General | $152,932 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,997 | TotalAmt |
| Management And General | $54,997 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,374 | TotalAmt |
| Program Services | $89,374 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,180 | TotalAmt |
| Management And General | $38,180 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,661 | TotalAmt |
| Management And General | $78,661 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOAN & GRANT LOSS RESER | $2,700,473 | $2,700,473 | |
| NEIGHBORHOOD PROGRAM | $173,934 | $143,597 | $30,337 |
| NEI NETWORK DIRECTOR PR | $93,364 | $82,629 | $10,735 |
| VENTURE PROGRAM | $5,795 | $5,795 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,790,775 | TotalAmt |
| Program Services | $12,872,501 | ProgramServicesAmt |
| Management And General | $3,918,274 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,261,255 | BOYAmt |
| EOY | $8,048,463 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,133,356 | BOYAmt |
| EOY | $16,381,570 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,600,000 | BOYAmt |
| EOY | $10,004,938 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,294,095 | BOYAmt |
| EOY | $1,356,467 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,032,680 | BOYAmt |
| EOY | $50,826,888 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,678 | BOYAmt |
| EOY | $21,227 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,407,737 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $412,516 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,317 | BOYAmt |
| EOY | $995,221 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,963,362 | BOYAmt |
| EOY | $73,367,234 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $154,389,743 | BOYAmt |
| EOY | $161,002,008 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $664,072 | BOYAmt |
| EOY | $1,152,712 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,504,444 | BOYAmt |
| EOY | $10,850,527 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $479,889 | BOYAmt |
| EOY | $365,874 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,364,408 | BOYAmt |
| EOY | $27,522,839 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,012,813 | BOYAmt |
| EOY | $39,891,952 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,662,494 | BOYAmt |
| EOY | $90,392,923 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,714,436 | BOYAmt |
| EOY | $30,717,133 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,376,930 | BOYAmt |
| EOY | $121,110,056 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $154,389,743 | BOYAmt |
| EOY | $161,002,008 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,429,458 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$985,251 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$4,711,081 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,271,741 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $33,000,351 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,235,299 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,870,399 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,975,100 | CurrentTaxYearAmt |
| Total | $108,352,890 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,271,741 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $33,000,351 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,235,299 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,870,399 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,975,100 | CurrentTaxYearAmt |
| Total | $108,352,890 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $35,902,126 | SubstantialContributorsTotAmt |
| Public Support Total170 | $72,450,764 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $344,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $466,340 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $146,212 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $189,650 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $331,206 | CurrentTaxYearAmt |
| Total | $1,477,408 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $109,830,298 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $22,318,099 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.65970 | PublicSupportCY170Pct |
| Public Support PY170 | 0.66510 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
| Affiliated Group Total | $0 | AffiliatedGroupTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
| Affiliated Group Total | $0 | AffiliatedGroupTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
| Affiliated Group Total | $0 | AffiliatedGroupTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $16,806,502 | FilingOrganizationsTotalAmt |
| Affiliated Group Total | $0 | AffiliatedGroupTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $16,806,502 | FilingOrganizationsTotalAmt |
| Affiliated Group Total | $0 | AffiliatedGroupTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $990,325 | FilingOrganizationsTotalAmt |
| Affiliated Group Total | $0 | AffiliatedGroupTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $247,581 | FilingOrganizationsTotalAmt |
| Affiliated Group Total | $0 | AffiliatedGroupTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $990,325 | CurrentYearAmt |
| Total | $990,325 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $1,485,488 | LobbyingCeilingAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $247,581 | CurrentYearAmt |
| Total | $247,581 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $371,372 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,000 | OtherCostOrOtherBasisAmt |
| Book Value | $30,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $892,430 | OtherCostOrOtherBasisAmt |
| Depreciation | $305,235 | DepreciationAmt |
| Book Value | $587,195 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $214,523 | OtherCostOrOtherBasisAmt |
| Book Value | $214,523 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $270,784 | OtherCostOrOtherBasisAmt |
| Depreciation | $107,281 | DepreciationAmt |
| Book Value | $163,503 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $995,221 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $73,367,234 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $73,367,234 | TotalBookValueSecuritiesAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| DETROIT BLIGHT BUSTERS INC | ||||||||||
| 18220 LAHSER RD | DETROIT | MI | 48219 | 812969704 | 501C3 | $178,750 | $0 | N/A | N/A | SNF PROGRAMMATIC GRANT - OLD REDFORD FAADE PROGRAM |
| LIFE REMODELED | ||||||||||
| 2470 COLLINGWOOD | DETROIT | MI | 48206 | 275020487 | 501C3 | $175,000 | $0 | N/A | N/A | SNF PROGRAMMATIC GRANT - DEXTER FAADE PROGRAM |
| 16703 WARREN BD LLC | ||||||||||
| 779 PIPER AVE | DETROIT | MI | 48215 | 870838881 | $12,500 | $0 | N/A | N/A | COMMUNITY ENGAGEMENT GRANT | |
| EAST WARREN DEVELOPMENT CORP | ||||||||||
| 4424 BISHOP ST | DETROIT | MI | 48224 | 843003783 | 501C3 | $25,000 | $0 | N/A | N/A | COMMUNITY ENGAGEMENT GRANT |
| PAL PROPERTIES LLC | ||||||||||
| 13301 MOUND RD | DETROIT | MI | 48212 | 814916255 | $12,500 | $0 | N/A | N/A | COMMUNITY ENGAGEMENT GRANT | |
| SOUTHWEST DETROIT BUSINESS ASSOCIATION | ||||||||||
| 7752 VERNOR HWY | DETROIT | MI | 48209 | 382262287 | 501C3 | $11,000 | $0 | N/A | N/A | COMMUNITY ENGAGEMENT GRANT |
| CITY OF DETROIT | ||||||||||
| 2 WOODWARD AVE | DETROIT | MI | 48226 | 386004606 | GOVERNMENT | $250,000 | $0 | N/A | N/A | SNF PROGRAMMATIC GRANT - OLD REDFORD TRIANGLE PLAZA & ARTIST ALLEY GATEWAY |
| CITY OF DETROIT | ||||||||||
| 2 WOODWARD AVE | DETROIT | MI | 48226 | 386004606 | GOVERNMENT | $3,067,750 | $0 | N/A | N/A | SNF PARK GRANTS |
| CITY OF DETROIT | ||||||||||
| 2 WOODWARD AVE | DETROIT | MI | 48226 | 386004606 | GOVERNMENT | $550,000 | $0 | N/A | N/A | MEADE CUT-THROUGH & KNAPP LIBRARY CONNECTION |
| CITY OF DETROIT | ||||||||||
| 2 WOODWARD AVE | DETROIT | MI | 48226 | 386004606 | GOVERNMENT | $150,000 | $0 | N/A | N/A | DEXTER POP-UP |
| ISLAMIC CENTER OF DETROIT | ||||||||||
| 14350 TIREMAN AVE | DETROIT | MI | 48228 | 383537457 | 501C3 | $100,000 | $0 | N/A | N/A | W. WARREN FAADE PROGRAM |
| SUNBRIDGE INTERNATIONAL COLLABORATIVE INC | ||||||||||
| 25525 ORMOND DR | SOUTHFIELD | MI | 48033 | 611726237 | 501C3 | $10,000 | $0 | N/A | N/A | STEIN STAGE GRANT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 7 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | COMMUNITY ENGAGEMENT GRANT | GrantTypeTxt |
| Recipient | 1 | RecipientCnt |
| Cash Grant | $5,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS ARE DOCUMENTED BY SIGNED AGREEMENTS LIMITING THE USE OF FUNDS FOR THEIR INTENDED PURPOSE. GRANT RECIPIENTS HAVE EITHER DEMONSTRATED THE FUNDS HAVE ALREADY BEEN DEPLOYED AND THE GRANT IS A REIMBURSEMENT, OR ELSE THE USE OF FUNDS ARE MONITORED BY PROGRAM STAFF. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID BLASZKIEWICZ | ||||||||||||||
| PRESIDENT & CEO | $399,390 | $0 | $30,000 | $0 | $0 | $0 | $18,300 | $0 | $26,248 | $0 | $473,938 | $0 | $0 | $0 |
| PATRICIA GLAZA | ||||||||||||||
| EXECUTIVE VICE PRESIDENT, VENTURE | $241,117 | $0 | $22,000 | $0 | $0 | $0 | $13,147 | $0 | $23,206 | $0 | $299,470 | $0 | $0 | $0 |
| KEONA COWAN | ||||||||||||||
| EXECUTIVE VICE PRESIDENT, LENDING | $239,493 | $0 | $22,000 | $0 | $0 | $0 | $11,771 | $0 | $23,850 | $0 | $297,114 | $0 | $0 | $0 |
| CARRIE LEWAND-MONROE | ||||||||||||||
| CHIEF OPERATING OFFICER | $241,277 | $0 | $22,000 | $0 | $0 | $0 | $5,220 | $0 | $20,666 | $0 | $289,163 | $0 | $0 | $0 |
| DANIELLE GRACEFFA | ||||||||||||||
| GENERAL COUNSEL | $207,315 | $0 | $15,000 | $0 | $0 | $0 | $12,439 | $0 | $22,134 | $0 | $256,888 | $0 | $0 | $0 |
| MARTIN DOBER | ||||||||||||||
| SENIOR VICE PRESIDENT, VENTURE | $187,675 | $0 | $15,000 | $0 | $0 | $0 | $11,553 | $0 | $22,304 | $0 | $236,532 | $0 | $0 | $0 |
| PAUL JONES | ||||||||||||||
| DIRECTOR OF BUSINESS SUPPORT NETWORK | $181,373 | $0 | $7,000 | $0 | $0 | $0 | $10,423 | $0 | $1,002 | $0 | $199,798 | $0 | $0 | $0 |
| AMBER GLADNEY | ||||||||||||||
| ASSISTANT SECRETARY | $137,992 | $0 | $12,000 | $0 | $0 | $0 | $8,253 | $0 | $7,010 | $0 | $165,255 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD IS PROVIDED A COPY OF THE 990 PRIOR TO FILING. THE 990 WILL BE REVIEWED BY MANAGEMENT BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, THE BOARD IS ASKED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. ANY NOTED CONFLICTS ARE ADDRESSED AND APPROPRIATELY RESOLVED. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES COMPENSATION FOR THE CEO USING MARKET DATA. THE CEO USES MARKET DATA TO DETERMINE COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | INVEST DETROIT DOES NOT MAKE THESE DOCUMENTS AVAILABLE. |
| FORM 990, PART XI, LINE 9: | ADJUSTMENT IN EQUITY INVESTMENTS -4,711,081. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| IDV L3C | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 274397735 | LOAN FUND | MI | $7,052,177 | $22,944,360 | INVEST DETROIT FOUNDATION |
| CHASE INVEST DETROIT FUND L3C | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | LOAN FUND | MI | $136,049 | $24,172,508 | INVEST DETROIT FOUNDATION | |
| KERCHEVAL ASSOCIATES II LLC | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | -$1,782,626 | $1,588,852 | INVEST DETROIT FOUNDATION | |
| IDF REAL ESTATE HOLDING LLC | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | -$552,392 | $3,440,392 | INVEST DETROIT FOUNDATION | |
| AMMR LLC | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | $0 | $24,755 | INVEST DETROIT FOUNDATION | |
| RMMA LLC | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | $0 | $0 | INVEST DETROIT FOUNDATION | |
| RE MCNICHOLS LLC | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | -$9,423 | $928,411 | INVEST DETROIT FOUNDATION | |
| 16530 E WARREN LLC | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | $116,806 | $767,673 | INVEST DETROIT FOUNDATION | |
| 16221 E WARREN LLC | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | $0 | $228,090 | INVEST DETROIT FOUNDATION | |
| EBIARA DEVELOPER FUND I LLC | |||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | LOAN FUND | MI | $0 | $646,223 | INVEST DETROIT FOUNDATION | |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVEST DETROIT CDE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 RENAISSANCE CENTER SUITE 1710 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48243 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264008431 | EIN |
| Primary Activities | LOAN FUND | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(4) | ExemptCodeSectionTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DETROIT DEVELOPMENT VENTURES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (18 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KERCHEVAL ASSOCIATES LLC | ||||||||||||||
| 117 GRISWOLD 1416 | DETROIT | MI | 48226 | 811333962 | REAL ESTATE DEVELOPMENT | MI | KERCHEVAL ASSOCIATES II LLC | N/A | -$890,960 | $9,551,340 | 0 | 0 | 0.45000 | |
| KERCHEVAL ASSOCIATES II | ||||||||||||||
| 117 GRISWOLD 1416 | DETROIT | MI | 48226 | PROVIDE QLICI'S | MI | N/A | -$890,960 | $794,426 | 0 | 0 | 0.50000 | |||
| COMMUNITY CAPITAL EQUITY LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | N/A | -$298,104 | $2,292,274 | 0 | 0 | 0.33000 | N/A | ||
| ID MDI LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | N/A | -$275 | $3,136,144 | 0 | 0 | 0.94740 | N/A | ||
| INDUSTRY DETROIT QOZB LLC | ||||||||||||||
| 3001 BRIGHTON BLVD | DENVER | CO | 80216 | REAL ESTATE DEVELOPMENT | MI | N/A | -$275 | $3,079,564 | 0 | 0 | 0.18000 | |||
| DETROIT INVESTMENT FUND LP | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 383242878 | PRIVATE SECTOR FINANCING | MI | N/A | $69,306 | $18,449,109 | 0 | 0 | 0.28670 | N/A | |
| DETROIT INNOVATE FUND I LP | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 463596857 | PRIVATE SECTOR FINANCING | MI | DETROIT INNOVATE GP LLC | N/A | $265,672 | $3,238,853 | 0 | 0 | 0.70220 | |
| RENAISSANCE VENTURE CAPITAL FUND I LP | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | VENTURE CAPITAL | MI | N/A | $498,044 | $701,362 | 0 | 0 | 0.02000 | N/A | ||
| COE VANDYKE LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | COE DEVELOPMENT LLC | N/A | 0 | 0 | |||||
| DETROIT INNOVATE GP LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 465283552 | HOLDING COMPANY (GENERAL PARTNER OF DILP) | MI | DETROIT DEVELOPMENT VENTURES INC | N/A | 0 | 0 | ||||
| DETROIT INNOVATION DISTRICT FUND LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | REAL ESTATE DEVELOPMENT | MI | N/A | 0 | 0 | 0.50000 | N/A | ||||
| DETROIT INVESTMENT FUND REAL ESTATE VENTURES LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 383563993 | HOLDS REAL ESTATE EQUITY INVESTMENTS | MI | N/A | 0 | 0 | N/A | ||||
| ID CDE 11 LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 331231117 | PROVIDE QLICI'S | MI | N/A | 0 | 0 | N/A | ||||
| ID CDE 12 LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 352497423 | PROVIDE QLICI'S | MI | N/A | 0 | 0 | N/A | ||||
| ID CDE 13 LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 300812019 | PROVIDE QLICI'S | MI | N/A | 0 | 0 | N/A | ||||
| ID CDE 14 LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 611734444 | PROVIDE QLICI'S | MI | N/A | 0 | 0 | N/A | ||||
| ID CDE 15 LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 611734444 | PROVIDE QLICI'S | MI | N/A | 0 | 0 | N/A | ||||
| ID CDE 16 LLC | ||||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 611734444 | PROVIDE QLICI'S | MI | N/A | 0 | 0 | N/A | ||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DETROIT DEVELOPMENT VENTURES INC | |||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 383242875 | HOLDING COMPANY (GENERAL PARTNER OF DIF) | MI | N/A | C | Yes (1) | ||||
| ID AH I L3C | |||||||||||||
| 600 RENAISSANCE CENTER SUITE 1710 | DETROIT | MI | 48243 | 842516194 | LOAN FUND | MI | C | Yes (1) | INVEST DETROIT FOUNDATION | $4 | $225,395 | 1.00000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| DETROIT INVESTMENT FUND | ||
| L | $1,457,380 | 2.5% AVG TOTAL ASSETS |
| INVEST DETROIT CDE | ||
| Q | $125,000 | INVOICED AMOUNT |