Detroit Development Fund
Detroit Development Fund (DDF) promotes the economic development of low to moderate income residents in the city of Detroit. DDF focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low to moderate-income Detroit residents.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.9M
-1.9% YoY
Annual Giving
$250K
-8.4% YoY
Grant Count
1
-83.3% YoY
Avg Grant Size
$250K
+449.4% YoY
About Detroit Development Fund
Based on IRS filings
Detroit Development Fund is a nonprofit organization focused on Community Improvement & Capacity Building, based in DETROIT, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $19.9M in total assets. In 2024, it awarded 1 grants totaling $250K. Net investment income was $49K.
Focus Areas
Ready to take the next step with Detroit Development Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,889,714 | $20,285,195 | $18,151,383 |
| Revenue | $4,914,508 | $4,151,318 | $3,234,640 |
| Expenses | $2,873,865 | $2,690,924 | $2,405,692 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $49,284 | $39,796 | $13,214 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ray Waters | President | 40 | $188,333 |
| Dolores A Sturtivant | Board Chair | 1 | — |
| Ronald C Frederick | Treasurer | 1 | — |
| Diana Stewart | Director | 1 | — |
| Kathy Wendler | Director | 1 | — |
| Gail Perry-Mason | Director | 1 | — |
| Linda Smith | Director | 1 | — |
| Tom Goddeeris | Director | 1 | — |
| Steve Mondozzi | Chief Financial Officer | 40 | — |
| John Schoeniger | Loan Fund Manager | 40 | $151,069 |
| Angelia Sharp | Senior Loan Officer | 40 | $120,855 |
| Deborah Jones | VP of Operations | 40 | $170,631 |
| Erin Grant | Director of DDF Microloan | 40 | $119,848 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Kadant Johnson Inc Scholarship Foun
THREE RIVERS, MI
Assets
—
Grants
3
Total Given
$5K
Thomas W Itin Charitable Trust
KEEGO HARBOR, MI
Assets
—
Grants
11
Total Given
$4K
Robert a Leonard Jr Charitable Trus
SOUTHFIELD, MI
Assets
—
Grants
2
Total Given
$11K
Homer Youth Athletic Association
TEKONSHA, MI
Assets
—
Grants
1
Total Given
$4K
Dr Shanti Swarup & Mrs Chawla Devi
TROY, MI
Assets
—
Grants
9
Total Given
$3K
Bojrab Family Foundation
BLOOMFIELD HILLS, MI
Assets
$185K
Grants
9
Total Given
$27K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Detroit Development Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities