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Filing year 2024

CORKTOWN COMMUNITY DEVELOPMENT FUND

Detroit, Michigan·EIN 20-5654069·NTEE S31 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$39k
Total assets
$2.4M
Total expenses
$26k
Reported officers
3
Mission

THE ORGANIZATION'S PURPOSE IS THE REVITALIZATION OF ECONOMICALLY DISTRESSED COMMUNITIES, IN PARTICULAR, THE WESTERN AREA OF DETROIT, MI KNOWN AS CORKTOWN. THE ORGANIZATION WILL PROVIDE LENDING TO ELIGIBLE INDIVIDUALS AND SMALL BUSINESSES AT REDUCED RATES AND AT FLEXIBLE TERMS. IN ADDITION, WE WILL PROVIDE EDUCATION TO THE BORROWER, SUCH AS HOME OWNERSHIP CLASSES, BUSINESS PLAN PREPARATION COURSES AND DEBT ELIMINATION CLASSES IN CONJUNCTION WITH VARIOUS LOCAL ORGANIZATIONS.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

Treasurer/se
Board Treasurer
Median to 75th percentile
$12k
$13k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at CORKTOWN COMMUNITY DEVELOPMENT FUND equaled 47% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
47%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Held steady
from 2023

From $12k in 2023 to $12k in 2024.

$12k
2023
$12k
2024
In today's dollarsEst.
Down 3% in real terms$13k to $13k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Treasurer pay held roughly steady from 2023 to 2024, while revenue fell 19%.

$12k in 2023 to $12k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about CORKTOWN COMMUNITY DEVELOPMENT FUND

What does the Board Treasurer of CORKTOWN COMMUNITY DEVELOPMENT FUND earn?

In 2024, the Board Treasurer of CORKTOWN COMMUNITY DEVELOPMENT FUND received $12,000 in total compensation. This pay is above the median (the midpoint) for Board Treasurer roles among Community Improvement & Capacity Building organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Treasurer pay at CORKTOWN COMMUNITY DEVELOPMENT FUND compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2024 pay of the Board Treasurer at CORKTOWN COMMUNITY DEVELOPMENT FUND falls between the median and the 75th percentile. In 2024, the highest total compensation at CORKTOWN COMMUNITY DEVELOPMENT FUND equaled 47% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are CORKTOWN COMMUNITY DEVELOPMENT FUND's revenue and expenses?

In 2024, CORKTOWN COMMUNITY DEVELOPMENT FUND reported $39k in total revenue and $26k in total expenses on its IRS Form 990.

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