Invest Detroit Foundation
Invest Detroit Foundation
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About this organization
Mission
Invest Detroit is a financial catalyst for economic growth in underserved communities and markets in Detroit and the Southeast Michigan region.
About
Supporting Detroit economic development through real estate and small business financing
Interesting data from their 2019 990 filing
The filing reveals the mission of the non-profit as “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.”.
When detailing its functions, they were listed as: “The idf loan programs provide funding, generally in the form of loans, to qualified applicants to encourage revitalization and development. in concert with operating the loan programs, idf also conducts programmatic activities that include planning, spearheading and developing strategies for urban revitalization.”.
- According to the law, the state where the non-profit operates has been reported as MI.
- The filing specifies that the non-profit's address in 2019 was 600 RENAISSANCE CENTER NO 1710, DETROIT, MI, 48243.
- As of 2019, the non-profit's form shows they have a total of 37 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $10,486,037.
- The organization has 16 independent voting members.
- The organization was formed in 2010.
- The organization pays $4,120,278 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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