Nonpartisan civic infrastructure
AllCiv·Legis1
·

Detroit Development Fund

Public charity
Community Development · DETROIT, MI · EIN 38-3322605

About

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.

Donations are tax-deductible
Category
Community Development
Employees
15
Volunteers
7

Financial Snapshot

FY ending 2024-12-31
Revenue
$4.9M
Expenses
$2.9M
Assets
$19.9M
Liabilities
$9.2M

Financial history

$6.9M$3.5M$0
161718192021222324
RevenueExpenses
Latest FY2024: $4.9M · Peak FY2017: $6.9M · Avg: $4.0M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$306K
DETROIT DEVELOPMENT FUND
Your actions
Represent this organization? Claim this page — free.

Address

3031 W Grand BLVD STE 505
Detroit, MI, 48202-308

Governance

Voting board members8
Independent members7
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.