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DETROIT DEVELOPMENT FUND

EIN 38-3322605 DETROIT, MI

Revenue 2023
$4,151,318
Expenses 2023
$2,690,924

Program services were 79.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S43
Classification
1000
Street
3031 W GRAND BLVD STE 505

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).

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Ray Waters

    President

    Total calculated
    $183,506
    From this org
    $159,692
    From related orgs
    $0
    Other
    $23,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,692
    Bonus
    $0
    Other
    $0
    Deferred
    $5,668
    Nontaxable benefits
    $18,146
    Filer's total
    $183,506

  • Dolores A Sturtivant

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Ronald C Frederick

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Diana Stewart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathy Wendler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gail Perry-Mason

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Mondozzi

    Chief Financial Officer

    Total calculated
    $111,000
    From this org
    $111,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • John Schoeniger

    Loan Fund Manager

    Total calculated
    $176,590
    From this org
    $144,192
    From related orgs
    $0
    Other
    $32,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,192
    Bonus
    $0
    Other
    $0
    Deferred
    $5,118
    Nontaxable benefits
    $27,280
    Filer's total
    $176,590

  • Angelia Sharp

    Senior Loan Officer

    Total calculated
    $138,624
    From this org
    $113,192
    From related orgs
    $0
    Other
    $25,432
    Hours/week
    40

  • Deborah Jones

    VP of Operations

    Total calculated
    $176,412
    From this org
    $156,770
    From related orgs
    $0
    Other
    $19,642
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,770
    Bonus
    $0
    Other
    $0
    Deferred
    $5,565
    Nontaxable benefits
    $14,077
    Filer's total
    $176,412

  • Erin Grant

    Director of DDF Microloan

    Total calculated
    $139,614
    From this org
    $114,000
    From related orgs
    $0
    Other
    $25,614
    Hours/week
    40

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 — 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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $4,151,318
    Expenses
    $2,690,924
    Contributions
    $3,205,017
    Grants paid
    $387,593
  • 2022
    Revenue
    $3,234,640
    Expenses
    $2,405,692
    Contributions
    $2,458,186
    Grants paid
    $240,028

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.

Grants made

Where these grants went next →

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.