Form 990 for tax year 2022

Totals

Total revenue

$2,600,145

Total expenses

$2,861,828

Contributions and grants received

$2,560,792

Grants paid

$28,197

Program service revenue

$39,353

Investment income

$0

Other revenue

$0

Total assets, end of year

$3,632,627

Total liabilities, end of year

$156,359

Net assets or fund balances, end of year

$3,476,268

Program services expenses (Part IX)

$2,024,357

Management and general expenses

$605,145

Fundraising expenses

$232,326

Program service expenses (Part III)

$2,024,357

Program services were 70.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• THE LAND USE AND SUSTAINABILITY PROGRAM PROMOTES EQUITABLE AND SUSTAINABLE LAND USE PRACTICES IN DETROIT. PROGRAM ACTIVITIES INCLUDE PROVIDING TECHNICAL ASSISTANCE TO COMMUNITY-BASED ORGANIZATIONS THAT WISH TO DEVELOP COMMUNITY OPEN SPACE AND GREEN STORMWATER INFRASTRUCTURE PROJECTS. IN 2022, DFC COLLABORATED WITH A COMMUNITY-BASED ORGANIZATION TO IMPLEMENT A LARGE-SCALE OPEN-SPACE PROJECT COVERING 12 CITY LOTS. DFC ALSO COORDINATED THE OPEN SPACE WORKING GROUP, A COALITION OF PUBLIC, PRIVATE, AND NON-PROFIT ORGANIZATIONS WORKING TO PROMOTE IMPLEMENTATION OF OPEN SPACE STRATEGIES CITY-WIDE.

  Expenses $1,240,363 · Grants $28,197 · Revenue $24,112

• THE CENTER FOR EQUITY, ENGAGEMENT, AND RESEARCH CONDUCTS AND PUBLISHES RESEARCH REGARDING EQUITABLE ECONOMIC DEVELOPMENT, AND ENGAGES WITH COMMUNITY STAKEHOLDERS TO INFORM AND DISSEMINATE RESEARCH FINDINGS. IN 2022, THE CENTER PUBLISHED SEVEN REPORTS COVERING TOPICS INCLUDING PATTERNS OF MORTGAGE LENDING, HOMEBUYER RESOURCES FOR HOMEBUYERS, PATTERNS OF RENTAL PROPERTY OWNERSHIP, OPPORTUNITIES FOR GROWING MIDDLE-WAGE JOBS, AND RESOURCE NEEDS FOR SMALL BUSINESSES. ALSO, RESEARCH WAS CONDUCTED ON ALL HOME SALES IN DETROIT AND GROWING MIDDLE-WAGE OCCUPATIONS IN THE METROPOLITAN AREA FOR PUBLICATION IN 2023. FURTHERMORE, AN ON-LINE DATA DASHBOARD WAS MAINTAINED TO MAKE THIS DATA EASILY AVAILABLE TO THE GENERAL PUBLIC. FINDINGS WERE ALSO PRESENTED THROUGH PUBLIC MEETINGS USING A VIRTUAL FORMAT.

  Expenses $747,644 · Revenue $14,534

• DFC'S COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAM PROMOTES POLICIES TO CREATE SAFE, AFFORDABLE HOUSING, AS WELL AS EQUITABLE NEIGHBORHOOD DEVELOPMENT. THE DETROIT NEIGHBORHOOD HOUSING COMPACT, LED BY DFC, IS A COLLABORATION OF MORE THAN 50 PUBLIC, PRIVATE, AND NON-PROFIT STAKEHOLDERS WORKING TO IMPROVE SINGLE FAMILY HOUSING CONDITIONS IN DETROIT. THE COMPACT HOSTS MONTHLY SESSIONS TO SHARE INFORMATION, IMPROVE COORDINATION, AND DEVELOP NEW INITIATIVES TOWARD THE GOALS OF IMPROVING HOUSING QUALITY AND AFFORDABILITY. THE PROGRAM ALSO WORKS WITH COMMUNITY-BASED ORGANIZATIONS TO PROVIDE TECHNICAL ASSISTANCE AND PLANNING SERVICES TO PROMOTE HOUSING REHABILITATION AND EQUITABLE INDUSTRIAL DISTRICT DEVELOPMENT.

  Expenses $36,350 · Revenue $707

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• TASTE OF DIASPORA

  $17,800

  FIDUCIARY ROLE FOR SPONSORED PROJECT

Provenance

Return type

form_990

Tax year

2022

Filed

1 August 2023

IRS schema version

2022v5.0

Source object

202302149349300800

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