REAL ESTATE ASSOCIATION OF DEVELOPERS INC

As filed

Subsection

03

NTEE code

B03

Classification

1200

Street

PO BOX 43766

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

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.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2025

  Revenue

  $373,549

  Expenses

  $280,056

  Contributions

  $356,429

  Grants paid

  $0

• 2024

  Revenue

  $31,487

  Expenses

  $112,107

  Contributions

  $24,618

  Grants paid

  — not reported

• 2023

  Revenue

  $186,841

  Expenses

  $54,329

  Contributions

  $180,862

  Grants paid

  $1,500

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Form 990-N e-Postcard, tax year 2022

Tax period

1 January 2022 to 31 December 2022

Principal officer

David Alade

Mailing address

PO Box 43766Detroit MI 48243

Website

www.readdevelopers.org

As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• INSTITUTE FOR AFROURBANISM

  $25,000

  2023 · W.K. KELLOGG FOUNDATION GRANT PASS-THROUGH

Other IRS files