Overview
What is Develop Detroit Inc?
Develop Detroit Inc, a nonprofit community development firm, is dedicated to revitalizing disinvested neighborhoods in Detroit. By delivering affordable and mixed-income housing, along with strategic economic and commercial development projects, they aim to stabilize and transform these areas. Their work encompasses renovating and developing properties into high-quality, inclusive housing, ensuring accessibility for a wide range of Detroiters. With an integrated approach, they create mixed-income communities and single-family homes, contributing to the overall betterment of the city.
Official website here: www.developdetroit.org
Is Develop Detroit Inc legitimate?
Develop Detroit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Develop Detroit Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $539,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $896,972
For more financial information, click here
Official website here: www.developdetroit.org
What is the mission statement of Develop Detroit Inc?
Develop Detroit Inc, as a nonprofit community development firm, works towards providing affordable and mixed-income housing, while also promoting strategic economic and commercial development. Their goal is to stabilize and transform disinvested neighborhoods by renovating and developing properties into high-quality, inclusive housing that caters to a broad range of Detroiters. Develop Detroit Inc's projects encompass various real estate types, including single-family rehabilitation and multi-family preservation, with a focus on creating well-designed and accessible living spaces.
Official website here: www.developdetroit.org
Who is the CEO of Develop Detroit Inc?
Sonya Mays is the President & Ceo of Develop Detroit Inc. The CEO's salary of Develop Detroit Inc is $295,477 and their total compensation is $330,505.
Official website here: www.developdetroit.org
What is the revenue of Develop Detroit Inc?
Who are the executives of Develop Detroit Inc and what are their salaries?
The average compensation at Develop Detroit Inc during 2022 was $159,593. There are 9 employees and 12 volunteers at Develop Detroit Inc.
Here are 19 key members and their salaries (Develop Detroit Inc's CEO's salary is $295,477 and their total compensation is $330,505):
- Sonya Mays (President & Ceo) [Trustee/Director]
- Craig Wilian (Vice President Of Real Estate)
- Mark Meier (Chief Financial Officer)
- Oren Brandvain (Senior Project Manager)
- Kate Kohn-Parrott (Chair) [Trustee/Director]
- Jason Paulateer (Vice Chair) [Trustee/Director]
- Will Smith (Treasurer) [Trustee/Director]
- Laura Grannemann (Secretary) [Trustee/Director]
- Sherrie Farrell (Member) [Trustee/Director]
- Melissa Worden (Member) [Trustee/Director]
- Gwen Butler (Member) [Trustee/Director]
- Lisa Alberghini (Member) [Trustee/Director]
- Beverly Erickson (Member) [Trustee/Director]
- Robin Kinloch (Member) [Trustee/Director]
- Ron Stallworth (Member) [Trustee/Director]
- Sean Werdlow (Member) [Trustee/Director]
- Thomas Bledsoe (Member (Left During 2022)) [Trustee/Director]
- Dennis Archer Jr (Member (Left During 2022)) [Trustee/Director]
- Rich Haller (Member (Left During 2022)) [Trustee/Director]
Official website here: www.developdetroit.org
Where can I find the form 990 for Develop Detroit Inc?
The Develop Detroit Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.developdetroit.org
Learn more at the official website: www.developdetroit.org
Mission Statement of Develop Detroit Inc
Develop Detroit Inc, a community development firm, is dedicated to revitalizing disinvested neighborhoods in Detroit. Their mission is twofold: firstly, they provide affordable and mixed-income housing, ensuring that a diverse range of Detroiters can find suitable living spaces. Secondly, they engage in strategic economic and commercial development activities to stabilize and transform these neighborhoods. Through their projects, Develop Detroit Inc renovates and develops properties, transforming them into high-quality, inclusive housing that caters to various Detroiters. They work on a variety of real estate projects, including single-family home rehabilitation and multi-family preservation, employing an integrated approach to create mixed-income communities.
Impact
This information is meant to be a general summary of Develop Detroit Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Develop Detroit Inc's impact can be seen in the transformation of disinvested neighborhoods in Detroit through the provision of affordable and mixed-income housing. By renovating and redeveloping properties into high-quality, inclusive housing, Develop Detroit is helping to stabilize communities and create opportunities for a broad range of Detroit residents. Their strategic economic and commercial development initiatives are contributing to the revitalization of neighborhoods and fostering community improvement in the city.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$792,551
INTEREST INCOME ON NOT
Revenue
$291,597
Organization Details
Founding Year
2015
Phone
(313) 960-7700
Principal Officer
Sonya Mays
Main Address
1452 RANDOLPH STREET SUITE 300, DETROIT, MI, 48226
Website
www.developdetroit.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of Develop Detroit Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.