Public Charity

Detroit Development Fund

Detroit Development Fund is a Public Charity headquartered in Detroit, MI. Financial data from the 2024 filing: $4.9M revenue, $2.9M expenses, $19.9M total assets. 11 publicly reported grants to this organization, totaling roughly $2.1M, appear in IRS filings.

EIN: 383322605 Detroit, MI Latest filing: 2024
Total Revenue$4.9M
Total Expenses$2.9M
Total Assets$19.9M
Grant Records11
Funding Total$2.1M
Filing Years2020–2024

Mission

Detroit Development Fund (DDF) promotes the economic development of low to moderate income residents in the city of Detroit. DDF focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low to moderate-income Detroit residents.

Sample Grants Received

2024
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
$150,000
$25,000
2023
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
$230,500
2022
OPERATING SUPPORT
$166,667
2022
COMMUNITY IMPROVEMENT & CAPACITY BUILDING PROGRAM
$150,000

Showing up to 5 of 11 total records — full history available with membership.

Officers & Directors

Senior Loan Officer Angelia Sharp
VP of Operations Deborah Jones
Director Diana Stewart
Board Chair Dolores A Sturtivant
Director of DDF Microloan Erin Grant
Director Gail Perry-Mason

Officer compensation and complete director data available with membership.

Top Grant Purposes

BORROWING PROGRAM IN RESPONSE TO COVID
$546,000 1 grant
TO SUPPORT TECHNOLOGY, STAFF, AND OTHER STRATEGIES FOR INCREASING CAPACITY TO TRACK DATA AND DELIVER INNOVATIVE PRODUCTS
$400,000 1 grant
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
$380,500 2 grants
HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES
$200,000 1 grant
OPERATING SUPPORT
$166,667 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $4.9M $2.9M $19.9M
2023 $4.2M $2.7M $20.3M
2022 $3.2M $2.4M $18.2M
2021 $2.9M $2.2M $19.5M
2020 $3.2M $3.0M $19.3M

Between 2020 and 2024, reported annual revenue grew from $3.2M to $4.9M (+52%), with total assets most recently reported at $19.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Detroit Development Fund

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