Nonprofit · EIN 27-1927369
INVEST DETROIT FOUNDATION
Tax-exempt · DETROIT, MI 48201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $32,419,547 | $22,165,504 | $10,254,043 | $208,587,430 | $64,115,511 | $144,471,919 |
| December 31, 2023 | 990 | $29,564,845 | $14,291,075 | $15,273,770 | $186,536,906 | $50,171,519 | $136,365,387 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $23,956,993
- of which government grants
- $5,657,748
- Program service revenue
- $6,447,619
- Investment income
- $2,014,935
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $766,460
- Compensation of officers, directors and key employees
- $876,096
- Other salaries and wages
- $7,151,091
- Salaries, compensation and benefits (total)
- $8,673,931
- Professional fundraising fees
- $0
- Legal fees
- $274,784
- Accounting fees
- $80,800
- Occupancy
- $106,137
- Depreciation
- $174,390
- Program services (functional)
- $17,209,196
- Management and general (functional)
- $4,956,308
Balance sheet and other
- Total assets, start of year
- $186,536,906
- Total assets, end of year
- $208,587,430
- Total liabilities, end of year
- $64,115,511
- Net assets, end of year
- $144,471,919
- Land, buildings and equipment
- $7,312,097
- Publicly traded securities
- $25,462,335
- Net assets without donor restrictions
- $105,647,428
- Net assets with donor restrictions
- $38,824,491
- Gross receipts
- $32,419,547
- Employees
- 58
- Volunteers
- 16
- Year formed
- 2010
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID BLASZKIEWICZ | PRESIDENT & CEO Officer | 30 | $454,305 | $121,029 |
| KEONA COWAN | CHIEF LENDING OFFICER Highest-paid employee | 30 | $261,710 | $43,909 |
| PATRICIA GLAZA | EXECUTIVE VICE PRESIDENT, VENTURE Highest-paid employee | 40 | $261,877 | $42,266 |
| CARRIE LEWAND-MONROE | CHIEF OPERATING OFFICER Officer | 30 | $265,209 | $27,102 |
| DANIELLE GRACEFFA | GENERAL COUNSEL Highest-paid employee | 40 | $243,153 | $36,569 |
| MARTIN DOBER | SENIOR VICE PRESIDENT, VENTURE Highest-paid employee | 40 | $214,645 | $38,399 |
| JAMIE GEARY | CHIEF ACCOUNTING OFFICER Highest-paid employee | 40 | $210,416 | $26,855 |
| AMBER GLADNEY | ASSISTANT SECRETARY Officer | 40 | $156,582 | $16,772 |
| MATTHEW P CULLEN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RODERICK D GILLUM | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOANN CHAVEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTOINE M GARIBALDI PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WENDY LEWIS JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONALD KUNZ | CORPORATE DEPARTMENT CHAIR Trustee or director | 1 | $0 | $0 |
| CHARLES G MCCLURE | DIRECTOR Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN NISSENBAUM | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS RIZIK | DIRECTOR Trustee or director | 1 | $0 |
| ALAN S SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| LAURA TRUDEAU | DIRECTOR Trustee or director | 1 | $0 |
| LARRY BRINKER JR | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LAND | DIRECTOR Trustee or director | 1 | $0 |
| BRENDA LAWRENCE | DIRECTOR Trustee or director | 1 | $0 |
| PAUL MOZAK | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD A MANOOGIAN | DIRECTOR - PART YEAR Trustee or director | 1 | $0 |
| PAUL TRULIK | SECRETARY/TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID BLASZKIEWICZ | PRESIDENT & CEO Officer | 30 | $469,155 | $190,921 |
| PATRICIA GLAZA | EXECUTIVE VICE PRESIDENT, VENTURE Highest-paid employee | 40 | $284,728 | $41,334 |
| KEONA COWAN | EXECUTIVE VICE PRESIDENT, LENDING Highest-paid employee | 40 | $285,479 | $38,899 |
| CARRIE LEWAND-MONROE | CHIEF OPERATING OFFICER Officer | 20 | $286,238 | $26,807 |
| DANIELLE GRACEFFA | GENERAL COUNSEL Highest-paid employee | 40 | $240,296 | $37,978 |
| MARTIN DOBER | SENIOR VICE PRESIDENT, VENTURE Highest-paid employee | 40 | $223,915 | $36,820 |
| PAUL JONES | DIRECTOR OF BUSINESS SUPPORT NETWORK Highest-paid employee | 40 | $216,315 | $12,304 |
| AMBER GLADNEY | ASSISTANT SECRETARY Officer | 40 | $159,795 | $15,948 |
| MATTHEW P CULLEN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RODERICK D GILLUM | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOHN BLANCHARD | DIRECTOR - PART YEAR Trustee or director | 1 | $0 | $0 |
| JOANN CHAVEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTOINE M GARIBALDI PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WENDY LEWIS JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD A MANOOGIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES G MCCLURE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN NISSENBAUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS RIZIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN S SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY TORGOW | DIRECTOR - PART YEAR Trustee or director | 1 | $0 | $0 |
| LAURA TRUDEAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY BRINKER JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL LAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENDA LAWRENCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL MOZAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL TRULIK | SECRETARY/TREASURER Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 950 SELDEN ST STE 360, DETROIT, MI 48201-2234
- In care of
- % DAVID BLASZKIEWICZ
- Principal officer (990 for 2024)
- DAVID BLASZKIEWICZ, 600 RENAISSANCE CENTER 1710, DETROIT, MI 48243
- Signed the 990
- DAVID BLASZKIEWICZ, PRESIDENT/CEO
- Phone
- (313) 259-6368
- Website
- INVESTDETROIT.COM
- Return prepared by
- PLANTE & MORAN PLLC
Mission
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.
Program accomplishments
- SUPPORTING DETROIT ECONOMIC DEVELOPMENT THROUGH REAL ESTATE AND SMALL BUSINESS SUPPORT.Expenses $13,648,808 · grants $603,254 · revenue $5,901,162
- SUPPORTING HIGH TECH AND ENTREPRENEUR ACTIVITY.Expenses $1,442,610 · revenue $407,231
- SUPPORTING INCLUSIVE NEIGHBORHOOD REVITALIZATION THROUGH STRATEGIC INTERVENTIONS.Expenses $2,117,778 · grants $163,206 · revenue $139,226
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1927369
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $208,587,430
- Income (IRS master file)
- $32,419,547
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $32,419,547 | $22,165,504 | $208,587,430 | IRS |
| 990 | December 2023 | $29,564,845 | $14,291,075 | $186,536,906 | XML |
| 990 | December 2022 | $24,220,233 | $16,790,775 | $161,002,008 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1927369).
Questions about INVEST DETROIT FOUNDATION
- What is the EIN of INVEST DETROIT FOUNDATION?
- The employer identification number (EIN) of INVEST DETROIT FOUNDATION is 27-1927369.
- Is INVEST DETROIT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to INVEST DETROIT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVEST DETROIT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INVEST DETROIT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVEST DETROIT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INVEST DETROIT FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAVID BLASZKIEWICZ.
- Who are the officers and directors of INVEST DETROIT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 25 people; 8 received compensation from the organization, the highest $454,305 (DAVID BLASZKIEWICZ, PRESIDENT & CEO).
- How much revenue does INVEST DETROIT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $32,419,547, expenses of $22,165,504 and total assets of $208,587,430 at year end.
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All nonprofits in DETROIT · Michigan · Community improvement and capacity building