Develop Detroit Inc
SEE PAGE 1, QUESTION 1
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$28.4M
+2.4% YoY
Annual Giving
—
Grant Count
0
Avg Grant Size
—
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,400,976 | $27,747,131 | $25,652,440 |
| Revenue | $5,096,538 | $5,822,593 | $5,044,261 |
| Expenses | $4,659,972 | $4,094,725 | $3,865,351 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $56,520 | $92,482 | $77 |
| 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 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Develop Detroit Inc 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 |
|---|---|---|---|
| SONYA MAYS | PRESIDENT & CEO | 39.5 | $251,323 |
| KATE KOHN-PARROTT | CHAIR | 5.5 | — |
| JASON PAULATEER | VICE CHAIR | 5.5 | — |
| WILL SMITH | TREASURER (UNTIL 5/2024) | 5.5 | — |
| LAURA GRANNEMANN | SECRETARY | 5.5 | — |
| MELISSA WORDEN | MEMBER | 2.5 | — |
| SHERRIE FARRELL | MEMBER | 2.5 | — |
| GWEN BUTLER | MEMBER | 2.5 | — |
| ROBIN KINLOCH | MEMBER | 2.5 | — |
| RON STALLWORTH | MEMBER | 2.5 | — |
| SEAN WERDLOW | MEMBER | 2.5 | — |
| ERIC CHATMAN | MEMBER | 2.5 | — |
| LISA ALBERGHINI | MEMBER (UNTIL 7/2024) | 2.5 | — |
| BEVERLY ERICKSON | MEMBER (UNTIL 1/2024) | 2.5 | — |
| MARK MEIER | CHIEF FINANCIAL OFFICER | 40 | $157,227 |
| CRAIG WILLIAN | CHIEF INVESTMENT OFFICER | 39.5 | $180,689 |
| ANTHONY PIPITONE | CONSTRUCTION MANAGER | 40 | $126,058 |
| OREN BRANDVAIN | DIRECTOR, COMMUNITY INVEST | 39.75 | $107,902 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Massachusetts $711K (100%)
States
Cities
Boston
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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