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Filing year 2023

Detroit Affordable Homes Inc

Berkley, Michigan·EIN 61-1595858·NTEE L21 · Housing & Shelter·501(c)(3)
Total revenue
$1.6M
Total assets
$2.7M
Total expenses
$1.4M
Reported officers
5
Mission

To develop and/or preserve affordable housing for Extremly Low Income ELI, Very Low Income VLI and Low Income LI families, seniors, disabled and disadvantaged populations, asset management of existing stabilized projects, underwriting new projects, overseeing construction, and applying for government incentives.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Michigan.

Executive Director
Above 90th percentile
$493k
$536k
Base
$110k
Bonus
$383k
Other
Benefits

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 4 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Detroit Affordable Homes Inc equaled 36% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2023)
36%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

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

FAQ

Common questions about Detroit Affordable Homes Inc

What does the Chief Executive Officer of Detroit Affordable Homes Inc earn?

In 2023, the Chief Executive Officer of Detroit Affordable Homes Inc received $492,975 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Housing & Shelter organizations in Michigan: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Detroit Affordable Homes Inc compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in Michigan, the 2023 pay of the Chief Executive Officer at Detroit Affordable Homes Inc falls in the top 10%. In 2023, the highest total compensation at Detroit Affordable Homes Inc equaled 36% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are Detroit Affordable Homes Inc's revenue and expenses?

In 2023, Detroit Affordable Homes Inc reported $1.6M in total revenue and $1.4M in total expenses on its IRS Form 990.

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