Develop Detroit INC

Public charity

DBA: % SONYA MAYS

Community Development · DETROIT, MI · EIN 81-1368616

Overview Money In Money Out People Connected Orgs Positions Interview Endorsements

About

See page 1, question 1

In care of Sonya MAYS

Donations are tax-deductible

Financial Snapshot

FY ending 2024-12-31

Revenue

$5.1M

Expenses

$4.7M

Assets

$28.4M

Liabilities

$23.8M

Financial history

$6.9M$3.4M$0

161718192021222324

RevenueExpenses

Latest FY2024: $5.1M · Peak FY2016: $6.9M · Avg: $4.1M

DEVELOP DETROIT INC

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Address

1452 Randolph ST STE 300

Detroit, MI, 48226-228

Governance

Voting board members11

Independent members10

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 ↗

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IRS Tax Exempt Organization Search ↗

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