From public IRS filings
DETROIT DEVELOPMENT FUND
DETROIT, MI · Community Improvement
Mission
Detroit Development Fund promotes the economic development of low-to moderate-income residents in the city of Detroit. SED focuses on lending programs as well as job creation and retention.
Financials (IRS Form 990)
Total revenue
$4.9M
Total expenses
$2.9M
Total assets
$19.9M
Program expense ratio
79%
Source: IRS Form 990, tax year 2024.
Who funds DETROIT DEVELOPMENT FUND
$5.4M in foundation grants on record from 8 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Gilbert Family Foundation | $2.5M | 4 |
| Prudential Foundation | $1.7M | 4 |
| Community Foundation for Southeast Michigan | $531K | 3 |
| Jpmorgan Chase Foundation | $250K | 3 |
| Wk Kellogg Foundation | $200K | 1 |
| Community Reinvestment Fund | $167K | 1 |
| Max M & Marjorie S Fisher Foundation | $51K | 2 |
| Local Initiatives Support | $25K | 1 |
Leadership
Ray Waters — President (Principal officer)
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