Form 990 for tax year 2025

Totals

Total revenue

$373,549

Total expenses

$280,056

Contributions and grants received

$356,429

Grants paid

$0

Program service revenue

$6,169

Investment income

$10,951

Other revenue

$0

Total assets, end of year

$193,300

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$193,300

Program services expenses (Part IX)

$229,505

Management and general expenses

$50,551

Fundraising expenses

$0

Program service expenses (Part III)

$229,505

Program services were 81.9% 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 · 2025

• Women in Development Session (March 2026) In March 2026, READ hosted its Women in Development Session as part of its Monthly General Body Meeting series, drawing nearly 600 registrations for a panel of women leaders in Detroit real estate and development: Cecily Kipling (Kipling Development), Yulonda Byrd (VP, Cinnaire Southeast MI), Shawanna Gajewski (Annapolis Pointe), Kishon Harbert (Encore Real Estate Investment Services), and Tammy Daniel (Detroit Land Bank Authority). The session created space for members to learn directly from women who have built successful careers and led major projects across development, finance, and public land management, highlighting the role of representation in expanding access and leadership opportunities. The program reflects READs commitment to cultivating a diverse pipeline of developers and ensuring all members regardless of background have models and pathways for advancement.

  Expenses $214,509

• Fall Bus Tour (October 9, 2025) READ hosted its Fall Black Developer Bus Tour on October 9, 2025, with a little under 200 members and partners in attendance. Participants toured three active development sites led by Black developers across Detroit neighborhoods. Sites included the Russell Woods Senior Living Community (Icon Heritage Partners), a $28 million redevelopment of a vacant 12-story building into 77 units of affordable assisted senior housing in the Russell Woods neighborhood; the Higginbotham Art Residences (Roderick Hardamon, URGE Development Group), a $35.9 million adaptive reuse of the historic 1926 Higginbotham School in the Eight-Mile-Wyoming neighborhood into 100 units of affordable housing with art, community space, and an outdoor sculpture garden; and Trumbull Terrace (Cecily Kipling, Kipling Development), a 28-unit residential development in the Woodbridge neighborhood providing quality, attainably priced housing for middle-income residents near

  Expenses $13,867 · Revenue $3,114

• Spring Bus Tour (April 9, 2026) READ hosted its Spring Black Developer Bus Tour on April 9, 2026, with a little under 200 members and partners in attendance. Participants toured four active development sites led by Black developers across Detroit neighborhoods, gaining firsthand exposure to project execution, financing strategy, and community-centered design. Sites included the OSI Art Apartments on the Grand River Corridor (Roderick A. Hardamon, URGE Development Group, and George NNamdi, NNamdi Holdings), a mixed-use development bringing 30 residential units and retail to a corridor that has not seen commercial development in a generation; the Islandview Project on the East Side (Lindsey Roland, Develop Detroit), a ground-up homeownership initiative focused on long-term neighborhood stability; The Deco on East Warren (Brandon Hodges and Damon Dickerson, TRIBE Development), a mixed-use affordable and workforce housing development with a community-driven design a

  Expenses $1,129 · Revenue $3,055

As filed on the 2025 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2025

Filed

13 July 2026

IRS schema version

2025v4.2

Source object

202641959349301919

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