Detroit Development Fund

Fiscal year ending 2024. Filed on September 26, 2025.

3031 W Grand Blvd 505
Detroit, Michigan 48202

Detroit Development Fund (EIN: 38-3322605) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Detroit Development Fund, a 501(c)(3) charitable organization, reported compensation for 6 out of 15 total employees. Among the employees shown here, the average compensation is $165,753. The highest compensated employee at Detroit Development Fund is Ray Waters with fiscal year 2024 compensation of $198,516.

Revenue, expenses, and employee compensation

Revenue

$4,914,508

Expenses

$2,873,865

Employee compensation

$1,715,889
Revenue, expenses, and employee compensation over time

Mission Statement

Detroit Development Fund (DDF) promotes the economic development of low to moderate income residents in the city of Detroit. DDF focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low to moderate-income Detroit residents.

Revisions to this organization profile

September 26, 2025:
2024 Detroit Development Fund 990 filed
August 14, 2024:
2023 Detroit Development Fund 990 filed
September 1, 2023:
2022 Detroit Development Fund 990 filed

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