DETROIT DEVELOPMENT FUND
DETROIT,
Michigan,
48202
EIN: 38-3322605
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
3031 W GRAND BLVD STE 505
48202
COUNTY
wayne county, MI
ORGANIZATIONAL OVERVIEW & RANKINGS
DETROIT DEVELOPMENT FUND is a based in DETROIT, MI, focused on Community Improvement, Capacity Building causes , specifically Management Services for Small Business, Entrepreneurs. Established in March 1997, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $20,285,195.00, this ranks 35,934 among 2,656,690 nonprofits nationally (Top 2%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 952 out of 79,991 organizations in MI (Top 2%).
In wayne county, MI, the organization ranks 168 out of 13,625 nonprofits by assets (Top 2%), while locally in detroit, it stands at 106 among 6,749 organizations (Top 2%).
The organization reported annual revenue of $4,151,318.00, ranking 54,448 nationally (Top 3%) and 1,491 in MI (Top 2%).
Within its specific NTEE classification (S43 - S: Community Improvement, Capacity Building), which includes 1,084 similar organizations, DETROIT DEVELOPMENT FUND ranks 12 in assets (Top 2%) and 26 in revenue (Top 3%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Described in section 170 b 1 a vi of the Code
Loans or grants for minority businesses
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S43: Management Services for Small Business, Entrepreneurs
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$4,151,318.00
FORM 990 REVENUE AMOUNT
$4,151,318.00
RULING DATE
03/1997
ASSET CODE
8: $10,000,000 to $49,999,999
ASSET AMOUNT
$20,285,195.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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