Form 990 for tax year 2024

Totals

Total revenue

$9,165,300

Total expenses

$7,634,505

Contributions and grants received

$5,546,024

Grants paid

$1,962,043

Program service revenue

$3,607,404

Investment income

$11,872

Other revenue

$0

Total assets, end of year

$9,973,409

Total liabilities, end of year

$3,821,160

Net assets or fund balances, end of year

$6,152,249

Program services expenses (Part IX)

$7,124,940

Management and general expenses

$407,565

Fundraising expenses

$102,000

Program service expenses (Part III)

$7,124,940

Program services were 93.3% 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 · 2024

• PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT

  Expenses $7,124,940 · Grants $1,962,043 · Revenue $3,607,404

As filed on the 2024 return.

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

• ARIA WARREN DETROIT LLC

  $947,525

  SUPPORTING EQUITABLE ECONOMIC DEVELOPMENT

• WESTON HALL LLC

  $290,606

  SUPPORTING EQUITABLE ECONOMIC DEVELOPMENT

• ULTREIA LLC

  $210,396

  SUPPORTING EQUITABLE ECONOMIC DEVELOPMENT

• BUILD INSTITUTE

  $188,816

  DETROIT MEANS BUSINESS

• MILESTONE GROWTH CAPITAL INSTITUTE

  $65,000

  DETROIT MEANS BUSINESS

• HOUSE OF MORRISON'S SHOE REPAIR

  $33,500

  DETROIT LEGACY

• THE TOWN COMPANIES LLC

  $25,000

  GROCERY STORE FUND

• KLASSIC MOBILE GARDENS LLC

  $24,928

  GROCERY STORE FUND

• LINWOOD FRESH MARKET

  $22,640

  GROCERY STORE FUND

• DISTRICT 4 MINI MARKET LLC

  $21,898

  GROCERY STORE FUND

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• DETROIT ECONOMIC GROWTH CORPORATION

  501(C)(4) · ECONOMIC DEVELOPMENT · MI

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2024

Filed

25 February 2026

IRS schema version

2024v5.5

Source object

202600569349301030

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.