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Employer Identification Number 26-4008431

INVEST DETROIT CDE is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:INVEST DETROIT CDE
Employer identification number (EIN):26-4008431
EIN Issuing AuthorityInternet
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationMichigan, MI

Organization Overview

Mission StatementINVEST DETROIT CDE EXISTS TO SERVE OR MAKE LOANS OR PROVIDE EQUITY INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS IN THE CITY OF DETROIT IN ACCORDANCE WITH NEW MARKET TAX CREDIT (NMTC) PROGRAM REQUIREMENTS.
Number of Employees0
Number of Volunteers4
Year Formed2009

Organization Governance

Legal DomicileMI
Voting Members - Governing Body5
Voting Members - Independent4

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 637,782
Program Service Revenue from current yearUSD $ 237,114
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 120,514
Other Revenue from current yearUSD $ -83,807
Gross receipts from all sourcesUSD $ 153,307
Net assets / fund balances at end of fiscal yearUSD $ 4,323,601
Net assets / fund balances at beginning of fiscal yearUSD $ 4,450,773
Total liabilities at end of fiscal yearUSD $ 71,598
Total liabilities at beginning of fiscal yearUSD $ 105,098
Total assets at end of fiscal yearUSD $ 4,395,199
Total assets at beginning of fiscal yearUSD $ 4,555,871
Revenues less expenses for current yearUSD $ -127,172
Revenues less expenses for previous yearUSD $ 6,872
Total expenses for current yearUSD $ 280,479
Total expenses for previous yearUSD $ 751,424
Other expenses in current yearUSD $ 134,419
Other expenses in previous yearUSD $ 457,924
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 146,060
Employee salary and benefits paid in previous yearUSD $ 293,500
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 153,307
Total revenue in previous fiscal yearUSD $ 758,296
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ -83,807
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 559,855
Program Service Revenue from current yearUSD $ 637,782
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 97,022
Other Revenue from current yearUSD $ 120,514
Gross receipts from all sourcesUSD $ 758,296
Net assets / fund balances at end of fiscal yearUSD $ 4,450,773
Net assets / fund balances at beginning of fiscal yearUSD $ 4,443,901
Total liabilities at end of fiscal yearUSD $ 105,098
Total liabilities at beginning of fiscal yearUSD $ 62,500
Total assets at end of fiscal yearUSD $ 4,555,871
Total assets at beginning of fiscal yearUSD $ 4,506,401
Revenues less expenses for current yearUSD $ 6,872
Revenues less expenses for previous yearUSD $ -17,363
Total expenses for current yearUSD $ 751,424
Total expenses for previous yearUSD $ 674,240
Other expenses in current yearUSD $ 457,924
Other expenses in previous yearUSD $ 418,945
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 293,500
Employee salary and benefits paid in previous yearUSD $ 255,295
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 758,296
Total revenue in previous fiscal yearUSD $ 656,877
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 120,514
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 804,949
Program Service Revenue from current yearUSD $ 559,855
Investment Income from prior yearUSD $ 1,187
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ -6,000
Other Revenue from current yearUSD $ 97,022
Gross receipts from all sourcesUSD $ 656,877
Net assets / fund balances at end of fiscal yearUSD $ 4,443,901
Net assets / fund balances at beginning of fiscal yearUSD $ 4,461,264
Total liabilities at end of fiscal yearUSD $ 62,500
Total liabilities at beginning of fiscal yearUSD $ 36,729
Total assets at end of fiscal yearUSD $ 4,506,401
Total assets at beginning of fiscal yearUSD $ 4,497,993
Revenues less expenses for current yearUSD $ -17,363
Revenues less expenses for previous yearUSD $ 76,365
Total expenses for current yearUSD $ 674,240
Total expenses for previous yearUSD $ 723,771
Other expenses in current yearUSD $ 418,945
Other expenses in previous yearUSD $ 508,815
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 255,295
Employee salary and benefits paid in previous yearUSD $ 214,956
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 656,877
Total revenue in previous fiscal yearUSD $ 800,136
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 97,022
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 552,689
Program Service Revenue from current yearUSD $ 804,949
Investment Income from prior yearUSD $ 2,409
Investment Income from current yearUSD $ 1,187
Other Revenue from prior yearUSD $ 113,054
Other Revenue from current yearUSD $ -6,000
Gross receipts from all sourcesUSD $ 800,136
Net assets / fund balances at end of fiscal yearUSD $ 4,461,264
Net assets / fund balances at beginning of fiscal yearUSD $ 3,852,613
Total liabilities at end of fiscal yearUSD $ 36,729
Total liabilities at beginning of fiscal yearUSD $ 33,034
Total assets at end of fiscal yearUSD $ 4,497,993
Total assets at beginning of fiscal yearUSD $ 3,885,647
Revenues less expenses for current yearUSD $ 76,365
Revenues less expenses for previous yearUSD $ 2,585,836
Total expenses for current yearUSD $ 723,771
Total expenses for previous yearUSD $ 670,247
Other expenses in current yearUSD $ 508,815
Other expenses in previous yearUSD $ 453,225
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 214,956
Employee salary and benefits paid in previous yearUSD $ 217,022
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 800,136
Total revenue in previous fiscal yearUSD $ 3,256,083
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 2,587,931
Total of other revenueUSD $ -6,000
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 828,737
Program Service Revenue from current yearUSD $ 552,689
Investment Income from prior yearUSD $ 2,217
Investment Income from current yearUSD $ 2,409
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 113,054
Gross receipts from all sourcesUSD $ 3,256,083
Net assets / fund balances at end of fiscal yearUSD $ 3,852,613
Net assets / fund balances at beginning of fiscal yearUSD $ 1,266,777
Total liabilities at end of fiscal yearUSD $ 33,034
Total liabilities at beginning of fiscal yearUSD $ 52,841
Total assets at end of fiscal yearUSD $ 3,885,647
Total assets at beginning of fiscal yearUSD $ 1,319,618
Revenues less expenses for current yearUSD $ 2,585,836
Revenues less expenses for previous yearUSD $ 157,545
Total expenses for current yearUSD $ 670,247
Total expenses for previous yearUSD $ 673,409
Other expenses in current yearUSD $ 453,225
Other expenses in previous yearUSD $ 452,609
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 217,022
Employee salary and benefits paid in previous yearUSD $ 220,800
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,256,083
Total revenue in previous fiscal yearUSD $ 830,954
Contributions and grants from current yearUSD $ 2,587,931
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 113,054
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 773,511
Program Service Revenue from current yearUSD $ 828,737
Investment Income from prior yearUSD $ 1,477
Investment Income from current yearUSD $ 2,217
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 830,954
Net assets / fund balances at end of fiscal yearUSD $ 1,266,777
Net assets / fund balances at beginning of fiscal yearUSD $ 1,109,277
Total liabilities at end of fiscal yearUSD $ 52,841
Total liabilities at beginning of fiscal yearUSD $ 44,314
Total assets at end of fiscal yearUSD $ 1,319,618
Total assets at beginning of fiscal yearUSD $ 1,153,591
Revenues less expenses for current yearUSD $ 157,545
Revenues less expenses for previous yearUSD $ 167,274
Total expenses for current yearUSD $ 673,409
Total expenses for previous yearUSD $ 607,714
Other expenses in current yearUSD $ 452,609
Other expenses in previous yearUSD $ 378,909
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 220,800
Employee salary and benefits paid in previous yearUSD $ 228,805
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 830,954
Total revenue in previous fiscal yearUSD $ 774,988
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 602,547
Program Service Revenue from current yearUSD $ 773,511
Investment Income from prior yearUSD $ 1,121
Investment Income from current yearUSD $ 1,477
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 774,988
Net assets / fund balances at end of fiscal yearUSD $ 1,109,277
Net assets / fund balances at beginning of fiscal yearUSD $ 941,864
Total liabilities at end of fiscal yearUSD $ 44,314
Total liabilities at beginning of fiscal yearUSD $ 44,742
Total assets at end of fiscal yearUSD $ 1,153,591
Total assets at beginning of fiscal yearUSD $ 986,606
Revenues less expenses for current yearUSD $ 167,274
Revenues less expenses for previous yearUSD $ 68,957
Total expenses for current yearUSD $ 607,714
Total expenses for previous yearUSD $ 534,711
Other expenses in current yearUSD $ 378,909
Other expenses in previous yearUSD $ 316,783
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 228,805
Employee salary and benefits paid in previous yearUSD $ 217,928
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 774,988
Total revenue in previous fiscal yearUSD $ 603,668
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,129,693
Program Service Revenue from current yearUSD $ 602,547
Investment Income from prior yearUSD $ 1,630
Investment Income from current yearUSD $ 1,121
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 603,668
Net assets / fund balances at end of fiscal yearUSD $ 941,864
Net assets / fund balances at beginning of fiscal yearUSD $ 872,776
Total liabilities at end of fiscal yearUSD $ 44,742
Total liabilities at beginning of fiscal yearUSD $ 70,632
Total assets at end of fiscal yearUSD $ 986,606
Total assets at beginning of fiscal yearUSD $ 943,408
Revenues less expenses for current yearUSD $ 68,957
Revenues less expenses for previous yearUSD $ -393,481
Total expenses for current yearUSD $ 534,711
Total expenses for previous yearUSD $ 1,524,804
Other expenses in current yearUSD $ 316,783
Other expenses in previous yearUSD $ 305,275
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 217,928
Employee salary and benefits paid in previous yearUSD $ 219,529
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 1,000,000
Total revenue in current fiscal yearUSD $ 603,668
Total revenue in previous fiscal yearUSD $ 1,131,323
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 264008431

USA Mailing Address
600 RENAISSANCE CENTER NO 1710
DETROIT
MI
48243
Date first seen: 2007-10-01
Date last seen: 2023-12-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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