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Employer Identification Number 27-1927369

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

Company Name:INVEST DETROIT FOUNDATION
Employer identification number (EIN):27-1927369
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 StatementTHE IDF LOAN PROGRAMS PROVIDE FUNDING, GENERALLY IN THE FORM OF LOANS, TO QUALIFIED APPLICANTS TO ENCOURAGE REVITALIZATION AND DEVELOPMENT. IN CONCERT WITH OPERATING THE LOAN PROGRAMS, IDF ALSO CONDUCTS PROGRAMMATIC ACTIVITIES THAT INCLUDE PLANNING, SPEARHEADING AND DEVELOPING STRATEGIES FOR URBAN REVITALIZATION.
Number of Employees37
Number of Volunteers16
Year Formed2010

Organization Governance

Legal DomicileMI
Voting Members - Governing Body16
Voting Members - Independent16

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,748,881
Program Service Revenue from current yearUSD $ 4,917,481
Investment Income from prior yearUSD $ 189,650
Investment Income from current yearUSD $ 327,653
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 24,220,233
Net assets / fund balances at end of fiscal yearUSD $ 121,110,056
Net assets / fund balances at beginning of fiscal yearUSD $ 119,376,930
Total liabilities at end of fiscal yearUSD $ 39,891,952
Total liabilities at beginning of fiscal yearUSD $ 35,012,813
Total assets at end of fiscal yearUSD $ 161,002,008
Total assets at beginning of fiscal yearUSD $ 154,389,743
Revenues less expenses for current yearUSD $ 7,429,458
Revenues less expenses for previous yearUSD $ -8,919,557
Total expenses for current yearUSD $ 16,790,775
Total expenses for previous yearUSD $ 21,728,487
Other expenses in current yearUSD $ 5,085,689
Other expenses in previous yearUSD $ 7,431,952
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 $ 7,057,586
Employee salary and benefits paid in previous yearUSD $ 5,862,158
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 $ 4,647,500
Grants and similar amounts paid in previous yearUSD $ 8,434,377
Total revenue in current fiscal yearUSD $ 24,220,233
Total revenue in previous fiscal yearUSD $ 12,808,930
Contributions and grants from current yearUSD $ 18,975,099
Contributions and grants from previous yearUSD $ 7,870,399
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 5,253,774
Program Service Revenue from current yearUSD $ 4,748,881
Investment Income from prior yearUSD $ 146,212
Investment Income from current yearUSD $ 189,650
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 12,808,930
Net assets / fund balances at end of fiscal yearUSD $ 119,376,930
Net assets / fund balances at beginning of fiscal yearUSD $ 124,273,191
Total liabilities at end of fiscal yearUSD $ 35,012,813
Total liabilities at beginning of fiscal yearUSD $ 29,057,765
Total assets at end of fiscal yearUSD $ 154,389,743
Total assets at beginning of fiscal yearUSD $ 153,330,956
Revenues less expenses for current yearUSD $ -8,919,557
Revenues less expenses for previous yearUSD $ 24,025,499
Total expenses for current yearUSD $ 21,728,487
Total expenses for previous yearUSD $ 12,609,786
Other expenses in current yearUSD $ 7,431,952
Other expenses in previous yearUSD $ 4,134,227
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 $ 5,862,158
Employee salary and benefits paid in previous yearUSD $ 5,369,370
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 $ 8,434,377
Grants and similar amounts paid in previous yearUSD $ 3,106,189
Total revenue in current fiscal yearUSD $ 12,808,930
Total revenue in previous fiscal yearUSD $ 36,635,285
Contributions and grants from current yearUSD $ 7,870,399
Contributions and grants from previous yearUSD $ 31,235,299
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,027,151
Program Service Revenue from current yearUSD $ 5,253,774
Investment Income from prior yearUSD $ 466,340
Investment Income from current yearUSD $ 146,212
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 36,635,285
Net assets / fund balances at end of fiscal yearUSD $ 124,273,191
Net assets / fund balances at beginning of fiscal yearUSD $ 86,468,934
Total liabilities at end of fiscal yearUSD $ 29,057,765
Total liabilities at beginning of fiscal yearUSD $ 28,295,018
Total assets at end of fiscal yearUSD $ 153,330,956
Total assets at beginning of fiscal yearUSD $ 114,763,952
Revenues less expenses for current yearUSD $ 24,025,499
Revenues less expenses for previous yearUSD $ 20,884,058
Total expenses for current yearUSD $ 12,609,786
Total expenses for previous yearUSD $ 16,609,784
Other expenses in current yearUSD $ 4,134,227
Other expenses in previous yearUSD $ 6,205,386
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 $ 5,369,370
Employee salary and benefits paid in previous yearUSD $ 4,699,402
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 $ 3,106,189
Grants and similar amounts paid in previous yearUSD $ 5,704,996
Total revenue in current fiscal yearUSD $ 36,635,285
Total revenue in previous fiscal yearUSD $ 37,493,842
Contributions and grants from current yearUSD $ 31,235,299
Contributions and grants from previous yearUSD $ 33,000,351
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,434,780
Program Service Revenue from current yearUSD $ 4,027,151
Investment Income from prior yearUSD $ 344,000
Investment Income from current yearUSD $ 466,340
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 37,493,842
Net assets / fund balances at end of fiscal yearUSD $ 86,468,934
Net assets / fund balances at beginning of fiscal yearUSD $ 67,397,451
Total liabilities at end of fiscal yearUSD $ 28,295,018
Total liabilities at beginning of fiscal yearUSD $ 19,290,827
Total assets at end of fiscal yearUSD $ 114,763,952
Total assets at beginning of fiscal yearUSD $ 86,688,278
Revenues less expenses for current yearUSD $ 20,884,058
Revenues less expenses for previous yearUSD $ 10,486,037
Total expenses for current yearUSD $ 16,609,784
Total expenses for previous yearUSD $ 10,564,484
Other expenses in current yearUSD $ 6,205,386
Other expenses in previous yearUSD $ 4,160,556
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 $ 4,699,402
Employee salary and benefits paid in previous yearUSD $ 4,120,278
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 $ 5,704,996
Grants and similar amounts paid in previous yearUSD $ 2,283,650
Total revenue in current fiscal yearUSD $ 37,493,842
Total revenue in previous fiscal yearUSD $ 21,050,521
Contributions and grants from current yearUSD $ 33,000,351
Contributions and grants from previous yearUSD $ 17,271,741
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 62,799
Program Service Revenue from prior yearUSD $ 3,570,503
Program Service Revenue from current yearUSD $ 3,434,780
Investment Income from prior yearUSD $ 72,914
Investment Income from current yearUSD $ 344,000
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 21,050,521
Net assets / fund balances at end of fiscal yearUSD $ 67,397,451
Net assets / fund balances at beginning of fiscal yearUSD $ 59,702,089
Total liabilities at end of fiscal yearUSD $ 19,290,827
Total liabilities at beginning of fiscal yearUSD $ 24,328,504
Total assets at end of fiscal yearUSD $ 86,688,278
Total assets at beginning of fiscal yearUSD $ 84,030,593
Revenues less expenses for current yearUSD $ 10,486,037
Revenues less expenses for previous yearUSD $ 7,408,064
Total expenses for current yearUSD $ 10,564,484
Total expenses for previous yearUSD $ 7,545,062
Other expenses in current yearUSD $ 4,160,556
Other expenses in previous yearUSD $ 3,878,901
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 $ 4,120,278
Employee salary and benefits paid in previous yearUSD $ 3,639,769
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 $ 2,283,650
Grants and similar amounts paid in previous yearUSD $ 26,392
Total revenue in current fiscal yearUSD $ 21,050,521
Total revenue in previous fiscal yearUSD $ 14,953,126
Contributions and grants from current yearUSD $ 17,271,741
Contributions and grants from previous yearUSD $ 11,309,709
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,989,945
Program Service Revenue from current yearUSD $ 3,570,503
Investment Income from prior yearUSD $ 42,230
Investment Income from current yearUSD $ 72,914
Other Revenue from prior yearUSD $ 46,866
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 14,953,126
Net assets / fund balances at end of fiscal yearUSD $ 59,702,089
Net assets / fund balances at beginning of fiscal yearUSD $ 50,983,467
Total liabilities at end of fiscal yearUSD $ 24,328,504
Total liabilities at beginning of fiscal yearUSD $ 21,155,247
Total assets at end of fiscal yearUSD $ 84,030,593
Total assets at beginning of fiscal yearUSD $ 72,138,714
Revenues less expenses for current yearUSD $ 7,408,064
Revenues less expenses for previous yearUSD $ 7,271,581
Total expenses for current yearUSD $ 7,545,062
Total expenses for previous yearUSD $ 5,167,283
Other expenses in current yearUSD $ 3,878,901
Other expenses in previous yearUSD $ 3,163,628
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 $ 3,639,769
Employee salary and benefits paid in previous yearUSD $ 1,979,967
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 $ 26,392
Grants and similar amounts paid in previous yearUSD $ 23,688
Total revenue in current fiscal yearUSD $ 14,953,126
Total revenue in previous fiscal yearUSD $ 12,438,864
Contributions and grants from current yearUSD $ 11,309,709
Contributions and grants from previous yearUSD $ 10,359,823
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 962,429
Program Service Revenue from current yearUSD $ 1,989,945
Investment Income from prior yearUSD $ 877,743
Investment Income from current yearUSD $ 42,230
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 46,866
Gross receipts from all sourcesUSD $ 12,438,864
Net assets / fund balances at end of fiscal yearUSD $ 50,983,467
Net assets / fund balances at beginning of fiscal yearUSD $ 41,200,596
Total liabilities at end of fiscal yearUSD $ 21,155,247
Total liabilities at beginning of fiscal yearUSD $ 15,492,576
Total assets at end of fiscal yearUSD $ 72,138,714
Total assets at beginning of fiscal yearUSD $ 56,693,172
Revenues less expenses for current yearUSD $ 7,271,581
Revenues less expenses for previous yearUSD $ -601,558
Total expenses for current yearUSD $ 5,167,283
Total expenses for previous yearUSD $ 5,297,442
Other expenses in current yearUSD $ 3,163,628
Other expenses in previous yearUSD $ 3,174,413
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 $ 1,979,967
Employee salary and benefits paid in previous yearUSD $ 1,822,709
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 $ 23,688
Grants and similar amounts paid in previous yearUSD $ 300,320
Total revenue in current fiscal yearUSD $ 12,438,864
Total revenue in previous fiscal yearUSD $ 4,695,884
Contributions and grants from current yearUSD $ 10,359,823
Contributions and grants from previous yearUSD $ 2,855,712
Total of other revenueUSD $ 46,866
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 775,109
Program Service Revenue from current yearUSD $ 962,429
Investment Income from prior yearUSD $ 220,557
Investment Income from current yearUSD $ 877,743
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,695,884
Net assets / fund balances at end of fiscal yearUSD $ 41,200,596
Net assets / fund balances at beginning of fiscal yearUSD $ 41,740,723
Total liabilities at end of fiscal yearUSD $ 15,492,576
Total liabilities at beginning of fiscal yearUSD $ 9,188,699
Total assets at end of fiscal yearUSD $ 56,693,172
Total assets at beginning of fiscal yearUSD $ 50,929,422
Revenues less expenses for current yearUSD $ -601,558
Revenues less expenses for previous yearUSD $ 15,515,017
Total expenses for current yearUSD $ 5,297,442
Total expenses for previous yearUSD $ 5,681,256
Other expenses in current yearUSD $ 3,174,413
Other expenses in previous yearUSD $ 4,314,673
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 $ 1,822,709
Employee salary and benefits paid in previous yearUSD $ 1,341,043
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 $ 300,320
Grants and similar amounts paid in previous yearUSD $ 25,540
Total revenue in current fiscal yearUSD $ 4,695,884
Total revenue in previous fiscal yearUSD $ 21,196,273
Contributions and grants from current yearUSD $ 2,855,712
Contributions and grants from previous yearUSD $ 20,200,607

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 271927369

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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