Cause IQ organization profile

Develop Detroit

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Develop Detroit is a home repair program based in Detroit, MI that was founded in 2015. As of 2020 they had $235,791 in revenue and $20 million in assets.

See page 1, question 1. Develop Detroit, Inc. is a nonprofit community development firm focused on providing affordable and mixed income housing, as well as strategic economic and commercial development that will help stabilize and transform disinvest...

Fiscal year end:
Revenue trends:
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Program areas at Develop Detroit

Real estate development- during the fall of 2018, Develop Detroit purchased controlling interest in the university meadows apartments, a 53-unit low-income, senior citizen rental housing community. University meadows is located in Detroit's historic woodbridge neighborhood. Thedevelopment plan for university meadows includes the renovation of the exisitng building and the addition of newly constructed retail spaceand mixed income apartments. The final development will serve as an anchor to subsequent incremental housing and retail investments in thearea. Renovations and new construction began in 2019 and is expected to be completed in 2020.real estate development during october 2019, Develop Detroit earned an acquisition fee from the sale and start of development activities foruniversity meadows 1. The development is anticipated to take one year to Develop and earn the remaining developer fee. There are other parcelswhich will also be developed in future years.

Form 990s for Develop Detroit

Fiscal year endingDate received by IRSFormPDF link
2019-12Sep 14, 2020990View PDF
2018-12Jan 17, 2020990View PDF
2017-12Nov 15, 2018990View PDF
2016-12Dec 29, 2017990View PDF

Financials for Develop Detroit

Total grants, contributions, etc.$1,381,344
Program services$537,090
Investment income and dividends$756
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,788,499
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$105,100
Total revenues$235,791

Vendors for Develop Detroit

VendorServicesAmount paidDate
Alexander Aronson Finning and Co PCTax accounting2020-06-30
███ ███████ ███████████ ███████ ███Management$325,3032019-12-01
██████ ██████ █████Construction$3,060,0272019-12-01
███████ ██████████ ███ ███████████ █████Development$233,5372019-12-01
██████Fundraising software2019-08-22
███████ ███ ████Fundraising software; Payment processing2019-08-22
█████████Content management system software2019-08-22

Personnel at Develop Detroit

NameTitleCompensationMost recent data
Sonya S. MaysPresident and Chief Executive Officer$249,389March 18, 2020
Ben PhillipsVice President, Real Estate$203,475March 18, 2020
████ █████Director of Fund Development-March 18, 2020
███████ █████Senior Project Manager-March 18, 2020
████ █████████Project Manager-March 18, 2020
██████ █████Operations Manager Asset Management Governance Partner Relations Coffee Greenery Mama.-March 18, 2020
███████ ██████Senior Manager of Homebuilding Focuses on Revamping Detroit's Homes in the North End-March 18, 2020
███████ ███████Chair$0March 18, 2020
████ ████████████Secretary$0March 18, 2020
...and one more key personnel

Peer home improvement and support programs

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