EIN 27-1927369

Invest Detroit

IRS 501(c) type
501(c)(3)
Num. employees
48
Year formed
2010
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Invest Detroit promotes a higher quality of life for distressed communities in Detroit through attracting new industry, encouraging the development of business, housing, transportation and other community resources. The IDF loan programs provide funding to encourage revitalization and development. In concert with operating the loan programs, IDF supports Detroit economic development through real estate and small business financing. It also supports inclusive neighborhood revitalization through strategic interventions. IDF provides loans and financial support to qualified applicants.
Also known as...
Invest Detroit Foundation
Total revenues
$24,220,233
2022
Total expenses
$16,790,775
2022
Total assets
$161,002,008
2022
Num. employees
48
2022

Program areas at Invest Detroit

Supporting Detroit economic development through real estate and small business financing
Supporting inclusive neighborhood revitalization through strategic interventions
Supporting high tech and entrepreneur activity

Grants made by Invest Detroit

GranteeGrant descriptionAmount
Detroit Blight BustersSNF Programmatic Grant - Old Redford Faade Program$178,750
Life RemodeledSNF Programmatic Grant - Dexter Faade Program$175,000
Islamic Center of DetroitW. Warren Faade Program$100,000
...and 3 more grants made

Who funds Invest Detroit

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kresge FoundationThis Grant Provides Continued Project Support for the Second Round of Invest Detroits Strategic Neighborhood Fund for Equitable and Inclusive Revitalization Efforts in Detroits Neighborhoods.$5,000,000
The Gilbert Family Foundation / Matthew Rizik TteeVenture 313 - Scale - Invest Detroit$1,690,000
Ralph C Wilson Jr FoundationTo Support the Access, Mentorship and Supports To Michigan-Based Startups.$1,500,000
...and 18 more grants received totalling $14,036,875

Personnel at Invest Detroit

NameTitleCompensation
David BlaszkiewiczPresident and Chief Executive Officer$429,390
Carrie Lewand-MonroeChief Operating Officer / Executive Vice President , Strategy and Programs$263,277
Jennifer HayesSenior Vice President, Operations and Policy
Jamie GrimaldiSenior Vice President , Finance and Accounting / Controller$166,411
Randy HydeSenior Vice President , Marketing and Development / Senior Vice President , External Relations$172,310
...and 18 more key personnel

Financials for Invest Detroit

RevenuesFYE 12/2022
Total grants, contributions, etc.$18,975,099
Program services$4,917,481
Investment income and dividends$327,653
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$24,220,233

Form 990s for Invest Detroit

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-03990View PDF
2021-122022-11-09990View PDF
2020-122021-11-15990View PDF
2019-122021-02-22990View PDF
2018-122019-12-05990View PDF
...and 8 more Form 990s
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
December 30, 2023
Used new vendors
Identified 2 new vendors, including , and
December 23, 2023
Received grants
Identified 18 new grant, including a grant for $5,000,000 from Kresge Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
600 Renaissance Ctr 1710
Detroit, MI 48243
Metro area
Detroit-Warren-Dearborn, MI
Website URL
investdetroit.com/ 
Phone
(313) 259-6368
Facebook page
invest-detroit 
IRS details
EIN
27-1927369
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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