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PROSPERUS DETROIT MICRO LENDING

EIN 46-2997666 DETROIT, MI

Revenue 2024
$4,163,863
Expenses 2024
$3,174,837

Program services were 78.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S31
Classification
1000
Street
440 BURROUGHS ST STE 360

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 · 2024

Mission

ProsperUs advances economic equity in under-resourced communities by supporting entrepreneurs with opportunities and capital needed to build businesses, generational wealth, and vibrant neighborhoods.

  • Microlending: In 2024, ProsperUs closed 86 microloans totaling $2,354,013. Training & Technical Assistance: In 2024, 138 entrepreneurs participated in our business development training classes, and 196 business service projects were facilitated.

    Expenses $2,499,571 · Grants $469,929 · Revenue $212,639

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Steve Kosuda

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Chanell R Contreras

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hector Hernandez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Tobocman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pierre Batton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Faison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Don Jones

    Director

    Total calculated
    $0
    Hours/week
    1

  • Veronika Scott

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Jones

    CEO

    Total calculated
    $213,958
    From this org
    $195,858
    From related orgs
    $0
    Other
    $18,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,858
    Bonus
    $0
    Other
    $0
    Deferred
    $571
    Nontaxable benefits
    $17,529
    Filer's total
    $213,958

  • Matthew Bihun

    Manager

    Total calculated
    $129,368
    From this org
    $113,981
    From related orgs
    $0
    Other
    $15,387
    Hours/week
    40

  • Joanna Dueweke-Perez

    Manager

    Total calculated
    $127,320
    From this org
    $110,580
    From related orgs
    $0
    Other
    $16,740
    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, 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $4,163,863
    Expenses
    $3,174,837
    Contributions
    $3,946,942
    Grants paid
    $469,929
  • 2023
    Revenue
    $1,801,771
    Expenses
    $2,249,853
    Contributions
    $1,682,942
    Grants paid
    $99,560
  • 2022
    Revenue
    $3,302,099
    Expenses
    $2,010,396
    Contributions
    $3,187,178
    Grants paid
    $207,000

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.

Other returns filed

  • 2021 · 990

    Revenue
    $2,015,373
    Expenses
    $1,841,196
    Assets (EOY)
    $2,318,083

  • 2020 · 990

    Revenue
    $1,383,329
    Expenses
    $426,416
    Assets (EOY)
    $2,136,590

  • 2019 · 990

    Revenue
    $30,428
    Expenses
    $8,406
    Assets (EOY)
    $1,119,597

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

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

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Other IRS files

Auto-Revocation List

  • Exemption revoked 15 May 2019, reinstated 15 May 2019.

Publication 78

Listed as of 13 October 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.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.