Public nonprofit record
DETROIT DEVELOPMENT FUND
EIN 38-3322605 · Small Business Development (S43)
What they do
Detroit Development Fund (DDF) Promotes The Economic Development of Low to Moderate Income Residents In The City of Detroit. DDF Focuses On Lending Programs to Provide Financial Assistance for Minority Small Business Owners, Affordable Housing Developers and Contractors, As Well As Job Creation and Retention for Low to Moderate-income Detroit Residents.
Money
Tax year 2024Financial picture
Revenue$4,914,508
Expenses$2,873,865
Assets$19,889,714
Income$4,914,508
Contributions$3,814,016
Grants given$2,421,055
Average grant$56,304
Management$484,893
Executive compensation$302,145
Accounting fees$145,611
About this charity
- Recognized since
- January 1997
- Location
- 3031 W Grand Blvd 505, Detroit, MI 48202
- County
- Wayne
- In care of
- Ray Waters
- Primary officer
- Ray Waters, President
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- January 1, 2024
- Return type
- 990
- Tax preparer
- DESMOND & AHERN LTD
- NTEE classification
- Small Business Development (S43)
- IRS tax category
- Small Business Development
- Grant-giving organization
- Yes
More public IRS record details
These are classification codes from the organization’s public nonprofit record.
- Subsection
- 03
- Affiliation
- 3
- Classification
- 1000
- Deductibility
- 1
- Foundation
- 15
- Activity
- 994405000
- Organization
- 1
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