Based in DETROIT, MI, INVEST DETROIT CDE operates as a Public Charity. The organization reported $1.8M in revenue, $1.3M in expenses, $4.9M in total assets for fiscal year 2024.
INVEST DETROIT CDE'S MISSION IS TO SERVE OR MAKE LOANS OR PROVIDE EQUITY INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS; TO TAKE ACTIONS TO QUALIFY AND CONTINUE THE QUALIFICATIONS AS A COMMUNITY DEVELOPMENT ENTITY; AND MAINTAIN ACCOUNTABILITY TO RESIDENTS OF LOW-INCOME COMMUNITIES THROUGH THE APPOINTMENT OF A BOARD OF DIRECTORS OF INDIVIDUALS WHO REPRESENT LOW-INCOME COMMUNITIES.
How Invest Detroit Cde divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.8M | $1.3M | $4.9M |
| 2023 | $1.1M | $1.2M | $4.6M |
| 2022 | $153K | $280K | $4.4M |
| 2020 | $657K | $674K | $4.5M |
| 2019 | $800K | $724K | $4.5M |
Between 2019 and 2024, reported annual revenue grew from $800K to $1.8M (+127%), with total assets most recently reported at $4.9M.
Interactive year-over-year charts and full filing details available with membership.
