IDF PROMOTES A HIGHER QUALITY OF LIFE FOR DISTRESSED COMMUNITIES, PRIMARILY IN THE CITY OF DETROIT THROUGH ATTRACTING NEW INDUSTRY, ENCOURAGING THE DEVELOPMENT OF BUSINESS, HOUSING, TRANSPORTATION AND OTHER COMMUNITY RESOURCES. IDF PROVIDES LOANS AND FINANCIAL ASSISTANCE TO PROMOTE COMMUNITY DEVELOPMENT AND COMBAT COMMUNITY DETERIORATION AND ECONOMIC BLIGHT.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
- Base
- $429k
- Bonus
- $40k
- Other
- —
- Benefits
- $31k
- Base
- $257k
- Bonus
- $28k
- Other
- —
- Benefits
- $26k
- Base
- $257k
- Bonus
- $28k
- Other
- —
- Benefits
- $27k
- Base
- $258k
- Bonus
- $28k
- Other
- —
- Benefits
- $21k
- Base
- $220k
- Bonus
- $20k
- Other
- —
- Benefits
- $25k
- Base
- $204k
- Bonus
- $20k
- Other
- —
- Benefits
- $24k
- Base
- $199k
- Bonus
- $18k
- Other
- —
- Benefits
- $895
- Base
- $146k
- Bonus
- $14k
- Other
- —
- Benefits
- $7k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO Above 90th percentilevs Community Improvement & Capacity Building peers in Michigan | $429k | $40k | — | $31k | $660k $718k |
Executive Vice President, Venture Executive Vice President 75th to 90th percentile | $257k | $28k | — | $26k | $326k $355k |
Executive Vice President, Lending Executive Vice President 75th to 90th percentile | $257k | $28k | — | $27k | $324k $353k |
Chief Operating Officer 75th to 90th percentile | $258k | $28k | — | $21k | $313k $341k |
General Counsel Highest Compensated Employee Above 90th percentile | $220k | $20k | — | $25k | $278k $303k |
Senior Vice President, Venture Senior Vice President Median to 75th percentile | $204k | $20k | — | $24k | $261k $284k |
Director of Business Support Network Highest Compensated Employee 75th to 90th percentile | $199k | $18k | — | $895 | $229k $249k |
Assistant Secretary Secretary (Operational) 75th to 90th percentile | $146k | $14k | — | $7k | $176k $191k |
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 18 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at INVEST DETROIT FOUNDATION equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about INVEST DETROIT FOUNDATION
What does the Chief Executive Officer of INVEST DETROIT FOUNDATION earn?
In 2023, the Chief Executive Officer of INVEST DETROIT FOUNDATION received $660,076 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building 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 INVEST DETROIT FOUNDATION compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Michigan, the 2023 pay of the Chief Executive Officer at INVEST DETROIT FOUNDATION falls in the top 10%. In 2023, the highest total compensation at INVEST DETROIT FOUNDATION equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are INVEST DETROIT FOUNDATION's revenue and expenses?
In 2023, INVEST DETROIT FOUNDATION reported $29.6M in total revenue and $14.3M in total expenses on its IRS Form 990.
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