Detroit Development Fund Detroit Development Fund promotes the economic development of low-to moderate-income residents in the city of Detroit. SED focuses on lending programs as well as job creation and retention.
Detroit Development Fund has received 14 grants from 7 known foundation funders. Revenue increased from $4,151,318 in 2023 to $4,914,508 in 2024. Most recent reported revenue: $4,914,508.
Annual Revenue
$4,914,508
Known Funders
7
Grants Received
14
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $4,914,508 | $2,873,865 | $19,889,714 |
| 2023 | $4,151,318 | $2,690,924 | $20,285,195 |
| 2022 | $3,234,640 | $2,405,692 | $18,151,383 |
| 2021 | $2,941,920 | $2,203,336 | $19,500,518 |
| 2020 | $3,242,938 | $3,039,382 | $19,308,406 |
| 2019 | $1,512,237 | $3,301,507 | $18,710,763 |
| 2018 | $1,781,233 | $3,588,923 | $22,095,710 |
| 2017 | $6,935,859 | $3,660,598 | $24,841,420 |
Top Funders
DETROIT, MI
DETROIT, MI
DETROIT, MI
NEWARK, NJ
NEWARK, NJ
NEWARK, NJ
DETROIT, MI
MINNEAPOLIS, MN
DETROIT, MI
SOUTHFIELD, MI
Key Personnel
From 2024 IRS 990 filing
Ray Waters
President
Dolores A Sturtivant
Board Chair
Ronald C Frederick
Treasurer
Diana Stewart
Director
Kathy Wendler
Director
Gail Perry-Mason
Director
Linda Smith
Director
Tom Goddeeris
Director
Steve Mondozzi
Chief Financial Officer
John Schoeniger
Loan Fund Manager
Showing 10 of 13 key personnel.
Frequently Asked Questions
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