Nonprofit · EIN 83-1459012
REAL ESTATE ASSOCIATION OF DEVELOPERS INC
Tax-exempt · DETROIT, MI 48243
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $373,549 | $280,056 | $93,493 | $193,300 | $0 | $193,300 |
| December 31, 2024 | 990-EZ | $31,487 | $112,107 | -$80,620 | $250,418 | $150,613 | $99,805 |
| December 31, 2023 | 990-EZ | $186,841 | $54,329 | $132,512 | $180,425 | $0 | $180,425 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $356,429
- Program service revenue
- $6,169
- Investment income
- $10,951
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $83,063
- Salaries, compensation and benefits (total)
- $83,063
- Professional fundraising fees
- $0
- Accounting fees
- $4,500
- Occupancy
- $8,341
- Travel
- $99
- Depreciation
- $1,006
- Program services (functional)
- $229,505
- Management and general (functional)
- $50,551
Balance sheet and other
- Total assets, start of year
- $250,418
- Total assets, end of year
- $193,300
- Total liabilities, end of year
- $0
- Net assets, end of year
- $193,300
- Land, buildings and equipment
- $3,100
- Gross receipts
- $373,549
- Employees
- 0
- Volunteers
- 300
- Year formed
- 2019
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Alade | Executive Director Officer | 20 | $75,000 |
| Evans Genece | Chief of Staff Officer | 0 | $75,000 |
| Chase L Cantrell | Vice President Officer | 5 | $0 |
| Akunna Olumba | Treasurer Officer | 10 | $0 |
| Jason Jones | Secretary Officer | 10 | $0 |
| Sonya Mays | President Officer | 10 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Alade | President | 5 | $0 |
| Chase L Cantrell | Vice President | 5 | $0 |
| Akunna Olumba | Treasurer | 5 | $0 |
| Jason Jones | Secretary | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Alade | President | 5 | $0 |
| Chase L Cantrell | Vice President | 5 | $0 |
| Akunna Olumba | Treasurer | 5 | $0 |
| Jason Jones | Secretary | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 43766, DETROIT, MI 48243-0766
- In care of
- % DAVID ALADE
- Principal officer (990 for 2025)
- David Alade, PO Box 43766, Detroit, MI 48243
- Signed the 990
- DAVID ALADE, Executive Director
- Website
- www.readdevelopers.org
- 990-N for 2022 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: David Alade, PO Box 43766, Detroit MI 48243. Mailing address: PO Box 43766, Detroit MI 48243.
- Return prepared by
- JF Advisors PLLC
Mission
The mission is to cultivate, connect and advocate for experienced and aspiring black real estate developers.
Program accomplishments
- Women in Development Session (March 2026) In March 2026, READ hosted its Women in Development Session as part of its Monthly General Body Meeting series, drawing nearly 600 registrations for a panel of women leaders in Detroit real estate and development: Cecily Kipling (Kipling Development), Yulonda Byrd (VP, Cinnaire Southeast MI), Shawanna Gajewski (Annapolis Pointe), Kishon Harbert (Encore Real Estate Investment Services), and Tammy Daniel (Detroit Land Bank Authority). The session created space for members to learn directly from women who have built successful careers and led major projects across development, finance, and public land management, highlighting the role of representation in expanding access and leadership opportunities. The program reflects READs commitment to cultivating a diverse pipeline of developers and ensuring all members regardless of background have models and pathways for advancement.Expenses $214,509
- Fall Bus Tour (October 9, 2025) READ hosted its Fall Black Developer Bus Tour on October 9, 2025, with a little under 200 members and partners in attendance. Participants toured three active development sites led by Black developers across Detroit neighborhoods. Sites included the Russell Woods Senior Living Community (Icon Heritage Partners), a $28 million redevelopment of a vacant 12-story building into 77 units of affordable assisted senior housing in the Russell Woods neighborhood; the Higginbotham Art Residences (Roderick Hardamon, URGE Development Group), a $35.9 million adaptive reuse of the historic 1926 Higginbotham School in the Eight-Mile-Wyoming neighborhood into 100 units of affordable housing with art, community space, and an outdoor sculpture garden; and Trumbull Terrace (Cecily Kipling, Kipling Development), a 28-unit residential development in the Woodbridge neighborhood providing quality, attainably priced housing for middle-income residents nearExpenses $13,867 · revenue $3,114
- Spring Bus Tour (April 9, 2026) READ hosted its Spring Black Developer Bus Tour on April 9, 2026, with a little under 200 members and partners in attendance. Participants toured four active development sites led by Black developers across Detroit neighborhoods, gaining firsthand exposure to project execution, financing strategy, and community-centered design. Sites included the OSI Art Apartments on the Grand River Corridor (Roderick A. Hardamon, URGE Development Group, and George NNamdi, NNamdi Holdings), a mixed-use development bringing 30 residential units and retail to a corridor that has not seen commercial development in a generation; the Islandview Project on the East Side (Lindsey Roland, Develop Detroit), a ground-up homeownership initiative focused on long-term neighborhood stability; The Deco on East Warren (Brandon Hodges and Damon Dickerson, TRIBE Development), a mixed-use affordable and workforce housing development with a community-driven design aExpenses $1,129 · revenue $3,055
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-1459012
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B03)
- Assets (IRS master file)
- $193,300
- Income (IRS master file)
- $373,549
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $373,549 | $280,056 | $193,300 | XML |
| 990-EZ | December 2024 | $31,487 | $112,107 | $250,418 | XML |
| 990-EZ | December 2023 | $186,841 | $54,329 | $180,425 | XML |
| 990-N for 2022 Officer: David Alade Filed under this EIN, most likely by a chapter or affiliate | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Jason Jones Filed under this EIN, most likely by a chapter or affiliate | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-1459012).
Questions about REAL ESTATE ASSOCIATION OF DEVELOPERS INC
- What is the EIN of REAL ESTATE ASSOCIATION OF DEVELOPERS INC?
- The employer identification number (EIN) of REAL ESTATE ASSOCIATION OF DEVELOPERS INC is 83-1459012.
- Is REAL ESTATE ASSOCIATION OF DEVELOPERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to REAL ESTATE ASSOCIATION OF DEVELOPERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REAL ESTATE ASSOCIATION OF DEVELOPERS INC 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 REAL ESTATE ASSOCIATION OF DEVELOPERS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REAL ESTATE ASSOCIATION OF DEVELOPERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of REAL ESTATE ASSOCIATION OF DEVELOPERS INC?
- The 990 for the year ended December 31, 2025 names David Alade.
- Who are the officers and directors of REAL ESTATE ASSOCIATION OF DEVELOPERS INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 2 received compensation from the organization, the highest $75,000 (David Alade, Executive Director).
- How much revenue does REAL ESTATE ASSOCIATION OF DEVELOPERS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $373,549, expenses of $280,056 and total assets of $193,300 at year end.
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