Detroit Development Fund
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$19.9M
-1.9% YoY
Annual Giving
$250K
-8.4% YoY
Grant Count
1
-83.3% YoY
Avg Grant Size
$250K
+449.4% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,889,714 | $20,285,195 | $18,151,383 |
| Revenue | $4,914,508 | $4,151,318 | $3,234,640 |
| Expenses | $2,873,865 | $2,690,924 | $2,405,692 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $49,284 | $39,796 | $13,214 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Detroit Development Fund fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ray Waters | President | 40 | $188,333 |
| Dolores A Sturtivant | Board Chair | 1 | — |
| Ronald C Frederick | Treasurer | 1 | — |
| Diana Stewart | Director | 1 | — |
| Kathy Wendler | Director | 1 | — |
| Gail Perry-Mason | Director | 1 | — |
| Linda Smith | Director | 1 | — |
| Tom Goddeeris | Director | 1 | — |
| Steve Mondozzi | Chief Financial Officer | 40 | — |
| John Schoeniger | Loan Fund Manager | 40 | $151,069 |
| Angelia Sharp | Senior Loan Officer | 40 | $120,855 |
| Deborah Jones | VP of Operations | 40 | $170,631 |
| Erin Grant | Director of DDF Microloan | 40 | $119,848 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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