Prosperus Detroit Micro Lending
ProsperUs advances economic equity in under-resourced communities by supporting entrepreneurs with opportunities and capital needed to build businesses, generational wealth, and vibrant neighborhoods.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
+8.1% YoY
Annual Giving
$429K
+420.2% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$54K
+355.2% YoY
About Prosperus Detroit Micro Lending
Based on IRS filings
Prosperus Detroit Micro Lending 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 $4.6M in total assets. In 2024, it awarded 8 grants totaling $429K. Net investment income was $4K.
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 | $4,555,184 | $4,215,384 | $3,608,105 |
| Revenue | $4,163,863 | $1,801,771 | $3,302,099 |
| Expenses | $3,174,837 | $2,249,853 | $2,010,396 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,282 | — | — |
| 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 8 recipients in 2024
Grant Size Distribution
56 grants across all recorded years
Open Grants
1 open opportunity from Prosperus Detroit Micro Lending
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ferris Wheel Innovation Center ($120,019), Metro Detroit Black Business Chamber of Commerce ($61,016), Detroit Future Opps ($55,150).
| Recipient | Purpose | Amount |
|---|---|---|
| Ferris Wheel Innovation Center Flint, MI | Operating Grant | $120,019 |
| Grand Rapids Area Chamber of Commerce Inc Grand Rapids, MI | Operating Grant | $49,885 |
| Global Detroit Detroit, MI | Operating Grant | $40,000 |
| Grabb Local Inc Grand Rapids, MI | Operating Grant | $37,213 |
| Metro Detroit Black Business Chamber of Commerce Detroit, MI | Operating Grant | $61,016 |
| Grand Rapids Urban League Grand Rapids, MI | Operating Grant | $54,445 |
| Michigan Womens Foundation Detroit, MI | Operating Grant | $11,462 |
| Detroit Future Opps Detroit, MI | Operating Grant | $55,150 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Steve Kosuda | Chairman | 1 | — |
| Chanell R Contreras | Director | 1 | — |
| Hector Hernandez | Director | 1 | — |
| Steve Tobocman | Director | 1 | — |
| Pierre Batton | Director | 1 | — |
| Kimberly Faison | Director | 1 | — |
| Don Jones | Director | 1 | — |
| Veronika Scott | Director | 1 | — |
| Paul Jones | CEO | 40 | $195,858 |
| Matthew Bihun | Manager | 40 | $113,981 |
| Joanna Dueweke-Perez | Manager | 40 | $110,580 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Prosperus Detroit Micro Lending?
Prosperus Detroit Micro Lending is a nonprofit organization focused on Community Improvement & Capacity Building, based in DETROIT, MI. It holds $4.6M in total assets as of 2024.
How large is Prosperus Detroit Micro Lending?
As of 2024, Prosperus Detroit Micro Lending holds $4.6M in total assets with $4.2M in annual revenue. It awarded 8 grants totaling $429K in 2024.
Where does Prosperus Detroit Micro Lending operate?
Prosperus Detroit Micro Lending has awarded grants in Michigan.
What size grants does Prosperus Detroit Micro Lending award?
In 2024, Prosperus Detroit Micro Lending awarded 8 grants totaling $429K — an average of about $54K per grant, based on its IRS Form 990 filings.
What is Prosperus Detroit Micro Lending's EIN?
Prosperus Detroit Micro Lending's EIN (Employer Identification Number) is 46-2997666. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Prosperus Detroit Micro Lending's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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