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Filing year 2024

INVEST DETROIT CDE

Detroit, Michigan·EIN 26-4008431·NTEE S31 · Community Improvement & Capacity Building·4
Total revenue
$1.8M
Total assets
$4.9M
Total expenses
$0
Reported officers
9
Mission

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.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

Base salaryExecutive compensation
$51k
Chairman
board chair
$44k
Chief Operating Officer
$27k

Plus 6 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Down 73%
from 2023

From $191k in 2023 to $51k in 2024.

$191k
2023
$51k
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.

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