Skip to content
Nonprofiteer
← DEVELOP DETROIT INC

Form 990 for tax year 2022

Filed by DEVELOP DETROIT INC.

Totals

Total revenue
$5,044,261
Total expenses
$3,865,351
Contributions and grants received
$3,445,936
Grants paid
$10,000
Program service revenue
$1,084,148
Investment income
$77
Other revenue
$514,100
Total assets, end of year
$25,652,440
Total liabilities, end of year
$21,644,592
Net assets or fund balances, end of year
$4,007,848
Program services expenses (Part IX)
$3,216,964
Management and general expenses
$397,707
Fundraising expenses
$250,680
Program service expenses (Part III)
$3,216,964

Program services were 83.2% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $91,087

  • 1f · All other contributions, gifts and grants

    $3,354,849

  • 2a · Program service revenue: DEVELOPER FEE INCOME

    total $792,551 · related or exempt $792,551

  • 2b · Program service revenue: INTEREST INCOME ON NOT

    total $291,597 · related or exempt $291,597

  • 3 · Investment income

    total $77 · excluded $77

  • 6a · Gross rents

    real property $438,546

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $438,546

  • 6d · Net rental income or loss

    total $438,546 · related or exempt $438,546

  • 11a · Other revenue: OTHER INCOME

    total $75,554 · related or exempt $75,554

  • 11e · Other revenue, total

    $75,554

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $539,362 · program services $420,490 · management and general $73,045 · fundraising $45,827

  • 7 · Other salaries and wages

    total $896,972 · program services $699,286 · management and general $48,656 · fundraising $149,030

  • 9 · Other employee benefits

    total $161,252 · program services $108,262 · management and general $15,350 · fundraising $37,640

  • 10 · Payroll taxes

    total $111,137 · program services $88,085 · management and general $8,549 · fundraising $14,503

  • 11a · Fees: management

    total $53,436 · program services $43,436 · management and general $10,000

  • 11b · Fees: legal

    total $12,891 · program services $5,667 · management and general $7,224

  • 11c · Fees: accounting

    total $83,460 · program services $7,700 · management and general $75,760

  • 11g · Fees: other

    total $119,200 · program services $65,200 · management and general $52,000 · fundraising $2,000

  • 12 · Advertising and promotion

    total $103,428 · program services $82,714 · management and general $20,714

  • 13 · Office expenses

    total $128,324 · program services $92,681 · management and general $35,643

  • 16 · Occupancy

    total $469,046 · program services $438,290 · management and general $30,756

  • 17 · Travel

    total $13,708 · program services $12,028 · fundraising $1,680

  • 20 · Interest

    total $571,064 · program services $571,064

  • 22 · Depreciation, depletion and amortization

    total $50,361 · program services $50,361

  • 23 · Insurance

    total $27,583 · program services $21,374 · management and general $6,209

  • 24a · Other expenses: BAD DEBT

    total $275,510 · program services $275,510

  • 24b · Other expenses: LOSS FROM INVESTMENT IN

    total $154,000 · program services $154,000

  • 24c · Other expenses: MISCELLANEOUS

    total $84,617 · program services $70,816 · management and general $13,801

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,010,533 · end of year $2,208,162

  • 2 · Savings and temporary cash investments

    beginning of year $51,636

  • 3 · Pledges and grants receivable

    beginning of year $937,917 · end of year $300,000

  • 4 · Accounts receivable

    beginning of year $454,781 · end of year $546,196

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,980 · end of year $105,080

  • 10a · Land, buildings and equipment: cost or other basis

    $4,202,889

  • 10b · Land, buildings and equipment: accumulated depreciation

    $101,021

  • 10c · Land, buildings and equipment, net

    beginning of year $2,128,102 · end of year $4,101,868

  • 13 · Investments: program-related

    beginning of year $12,516,042 · end of year $14,068,698

  • 15 · Other assets

    beginning of year $5,386,606 · end of year $4,322,436

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,082,278 · end of year $2,039,532

  • 23 · Secured mortgages and notes payable

    beginning of year $17,101,467 · end of year $18,025,253

  • 25 · Other liabilities

    beginning of year $901,790 · end of year $1,579,807

  • 27 · Net assets without donor restrictions

    beginning of year $3,742,563 · end of year $3,670,349

  • 28 · Net assets with donor restrictions

    beginning of year $2,692,499 · end of year $337,499

Mission and programs · 2022

Mission

SEE PAGE 1, QUESTION 1

Activities or mission (Part I)

DEVELOP DETROIT, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT FIRM FOCUSED ON PROVIDING AFFORDABLE AND MIXED INCOME HOUSING, AS WELL ASSTRATEGIC ECONOMIC AND COMMERCIAL DEVELOPMENT THAT WILL HELP STABILIZE AND TRANSFORM DISINVESTED NEIGHBORHOODS. DDI RENOVATES ANDREDEVELOPS PROPERTIES INTO HIGH QUALITY, INCLUSIVE HOUSING THAT IS WELL-DESIGNED AND ACCESSIBLE TO A BROAD RANGE OF DETROITERS. THE FIRMDEVELOPS ACROSS A WIDE RANGE OF REAL ESTATE PROJECT TYPES, INCLUDING SINGLE-FAMILY REHABILITATION AND INFILL AND MULTI- FAMILY PRESERVATION.

  • REAL ESTATE DEVELOPMENT - WE IMAGINE, DESIGN AND BUILD BEAUTIFUL HOUSING. WE CREATE MIXED-INCOME COMMUNITIES AND SINGLE-FAMILY HOMES ACROSS DETROIT FOR THE FULL RANGE OF DETROITERS. OUR WORK IS AN INTEGRATED APPROACH TO STABILIZING AND GROWING NEIGHBORHOODS DECIMATED BY THE RECENT HOUSING CRISIS.

    Expenses $3,216,964 · Grants $10,000 · Revenue $1,598,248

As filed on the 2022 return.

Listed in Part VII

  • SONYA MAYS

    PRESIDENT & CEO

    Total calculated
    $330,505
    From this org
    $295,477
    From related orgs
    $0
    Other
    $35,028
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $295,477
    Bonus
    $0
    Other
    $0
    Deferred
    $19,610
    Nontaxable benefits
    $15,418
    Filer's total
    $330,505

  • CRAIG WILIAN

    VICE PRESIDENT OF REAL ESTATE

    Total calculated
    $230,479
    From this org
    $200,961
    From related orgs
    $0
    Other
    $29,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,961
    Bonus
    $0
    Other
    $0
    Deferred
    $9,586
    Nontaxable benefits
    $19,932
    Filer's total
    $230,479

  • MARK MEIER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $208,857
    From this org
    $177,831
    From related orgs
    $0
    Other
    $31,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,831
    Bonus
    $0
    Other
    $0
    Deferred
    $13,587
    Nontaxable benefits
    $17,439
    Filer's total
    $208,857

  • OREN BRANDVAIN

    SENIOR PROJECT MANAGER

    Total calculated
    $123,938
    From this org
    $110,000
    From related orgs
    $0
    Other
    $13,938
    Hours/week
    40

  • KATE KOHN-PARROTT

    CHAIR

    Total calculated
    $0
    Hours/week
    5.5 + 0.5 related

  • JASON PAULATEER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5.5 + 0.5 related

  • WILL SMITH

    TREASURER

    Total calculated
    $0
    Hours/week
    5.5 + 0.5 related

  • LAURA GRANNEMANN

    SECRETARY

    Total calculated
    $0
    Hours/week
    5.5 + 0.5 related

  • SHERRIE FARRELL

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • MELISSA WORDEN

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • GWEN BUTLER

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • LISA ALBERGHINI

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • BEVERLY ERICKSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • ROBIN KINLOCH

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • RON STALLWORTH

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • SEAN WERDLOW

    MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • THOMAS BLEDSOE

    MEMBER (LEFT DURING 2022)

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • DENNIS ARCHER JR

    MEMBER (LEFT DURING 2022)

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • RICH HALLER

    MEMBER (LEFT DURING 2022)

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

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

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD HAS INSTITUTED A FORMAL BOARD PROCESS FOR CEO PERFORMANCE AND COMPENSATION UNDER WHICH THE BOARD WILL FORMALLY APPROVE THE CEO'S SALARY. THE CEO REVIEWS THE COMPENSATION FOR ALL SENIOR STAFF.

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

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.

  • DREAMBUILDERS NONPROFIT HOUSING CORPORATION

    501(C)(3) · PROVIDING AFFORDABLE AND MIXED INCOME HOUSING · MI · controlled entity

    Directly controlled by DEVELOP DETROIT INC

  • DFC QALICB INC

    501(C)(3) · PROVIDING AFFORDABLE AND MIXED INCOME HOUSING · MI · controlled entity

    Directly controlled by DEVELOP DETROIT INC

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DEVELOP DETROIT PROPERTIES INC

    C · PROPERTY ACQUISITION AND REHABILITATION · MI · 100% owned · share of income -$269,509 · share of assets $6,707,977 · controlled entity

    Directly controlled by DEVELOP DETROIT INC

Provenance

Return type
form_990
Tax year
2022
Filed
24 July 2023
IRS schema version
2022v5.0
Source object
202342059349301404

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.