SEE PAGE 1, QUESTION 1
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28.4M
+2.4% YoY
Revenue
$5.1M
-12.5% YoY
Net Investment Income
$57K
-38.9% YoY
Expenses
$4.7M
+13.8% YoY
About Develop Detroit Inc
Based on IRS filings
Develop Detroit Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28.4M in total assets. Net investment income was $57K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,400,976 | $27,747,131 | $25,652,440 |
| Revenue | $5,096,538 | $5,822,593 | $5,044,261 |
| Expenses | $4,659,972 | $4,094,725 | $3,865,351 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $56,520 | $92,482 | $77 |
| 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 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SONYA MAYS | PRESIDENT & CEO | 39.5 | $251,323 |
| KATE KOHN-PARROTT | CHAIR | 5.5 | — |
| JASON PAULATEER | VICE CHAIR | 5.5 | — |
| WILL SMITH | TREASURER (UNTIL 5/2024) | 5.5 | — |
| LAURA GRANNEMANN | SECRETARY | 5.5 | — |
| MELISSA WORDEN | MEMBER | 2.5 | — |
| SHERRIE FARRELL | MEMBER | 2.5 | — |
| GWEN BUTLER | MEMBER | 2.5 | — |
| ROBIN KINLOCH | MEMBER | 2.5 | — |
| RON STALLWORTH | MEMBER | 2.5 | — |
| SEAN WERDLOW | MEMBER | 2.5 | — |
| ERIC CHATMAN | MEMBER | 2.5 | — |
| LISA ALBERGHINI | MEMBER (UNTIL 7/2024) | 2.5 | — |
| BEVERLY ERICKSON | MEMBER (UNTIL 1/2024) | 2.5 | — |
| MARK MEIER | CHIEF FINANCIAL OFFICER | 40 | $157,227 |
| CRAIG WILLIAN | CHIEF INVESTMENT OFFICER | 39.5 | $180,689 |
| ANTHONY PIPITONE | CONSTRUCTION MANAGER | 40 | $126,058 |
| OREN BRANDVAIN | DIRECTOR, COMMUNITY INVEST | 39.75 | $107,902 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Develop Detroit Inc?
Develop Detroit Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in DETROIT, MI. It holds $28.4M in total assets as of 2024.
How large is Develop Detroit Inc?
As of 2024, Develop Detroit Inc holds $28.4M in total assets with $5.1M in annual revenue.
Where does Develop Detroit Inc operate?
Develop Detroit Inc has awarded grants in Massachusetts.
What is Develop Detroit Inc's EIN?
Develop Detroit Inc's EIN (Employer Identification Number) is 81-1368616. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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