Public nonprofit record
DEVELOP DETROIT INC
EIN 81-1368616 · Economic Development (S30)
What they do
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.
Money
Tax year 2024Financial picture
Revenue$5,096,538
Expenses$4,659,972
Assets$28,400,976
Income$5,331,268
Contributions$3,514,569
Grants given$710,549
Average grant$236,850
Management$520,469
Executive compensation$387,833
Accounting fees$93,129
About this charity
- Recognized since
- January 2016
- Location
- 1452 RANDOLPH STREET 300, DETROIT, MI 48226
- County
- Wayne
- In care of
- SONYA MAYS
- Primary officer
- SONYA MAYS, PRESIDENT & CEO
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- January 1, 2024
- Return type
- 990
- Tax preparer
- AAFCPAS INC
- NTEE classification
- Economic Development (S30)
- IRS tax category
- Economic 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
- 16
- Organization
- 1