Invest Detroit Cde

Community development organization based in Detroit, MI.0 Exempt under §501(c)(4).

MissionINVEST DETROIT CDE'S MISSION IS TO SERVE OR MAKE LOANS OR PROVIDE EQUITY INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS; TO TAKE ACTIONS TO QUALIFY AND CONTINUE THE QUALIFICATIONS AS A COMMUNITY DEVELOPMENT ENTITY; AND MAINTAIN ACCOUNTABILITY TO RESIDENTS OF

EIN
26-4008431
State
MI
Sector
Community development
Budget band
$1M–$2.5M
Latest filing
TY 2023
Records
1 officers · 5 years

Financial snapshot · TY 2023

$1.1M
Total revenue
$1.2M
Total expenses
$4.6M
Net assets

Financial health · TY 2024

55
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
44.2 months of expenses
Program efficiency
20
57.8% spent on programs
Revenue diversity
34
Mix of program fees, grants & contributions

Leadership compensation

Carrie Lewand-monroe
CHIEF OPERATING OFFICER
$313,045
98th percentile vs. peers

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