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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Employees Detroit Development Fund Ray Waters

Ray Waters

OfficerTrustee/director

President at Detroit Development Fund

Fiscal year ended December 31, 2024. Published on January 25, 2026.

$198,516
2024

Total compensation

Ray Waters has been listed as an employee of Detroit Development Fund in Form 990 filings since at least fiscal year 2016. Total compensation for Ray Waters has increased by 1.2% from 2016 to 2024.

Annual compensation details

$198,516
+8.2%
President
2024
$189k org
40 hrs/wk
$11k other
--
$183,506
+4.4%
President
2023
$160k org
40 hrs/wk
$24k other
--

Total compensation by year

Compare the compensation of Ray Waters to:

2024

Other employees at Detroit Development Fund

Deborah Jones
Vice President, Operations
$178,615
$170,631 from orgNo related comp$7,984 other
John Schoeniger
Loan Fund Manager
$174,153
$151,069 from orgNo related comp$23,084 other
Angelia Sharp
Senior Loan Officer
$139,322
$120,855 from orgNo related comp$18,467 other
Erin Grant
Director of DDF Microloan
$138,161
$119,848 from orgNo related comp$18,313 other
Steve Mondozzi
Chief Financial Officer
$0
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Revisions to this profile

January 25, 2026:
2024 Detroit Development Fund 990 published
January 25, 2026:
2023 Detroit Development Fund 990 published
January 25, 2026:
2022 Detroit Development Fund 990 published

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$175,727
+5.3%
President
2022
$152k org
40 hrs/wk
$25k other
--
$166,832
-1.7%
President
2021
$146k org
40 hrs/wk
$21k other
--
$169,645
-30.5%
President
2020
$148k org
40 hrs/wk
$22k other
--
$243,942
+14.3%
President
2019
$186k org
40 hrs/wk
$59k other
--
$213,493
+0.1%
President
2018
$160k org
40 hrs/wk
$54k other
--
$213,176
+8.7%
President
2017
$161k org
40 hrs/wk
$53k other
--
$196,108
President
2016
$146k org
40 hrs/wk
$51k other
--

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