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EIN 26-4008431

Invest Detroit Cde

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Detroit
State
Michigan
Year formed
2009
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Invest Detroit Cde serves and provides loans and equity investment capital to low-income communities and individuals in accordance with the New Market Tax Credit (NMTC) program requirements. Its mission is to maintain qualification as a Community Development Entity and ensure accountability while serving low-income communities. Its programs include placing NMTC allocation into qualified projects.
Related structure
Invest Detroit Cde is a subordinate organization under Invest Detroit.
Total revenues
$153,307
2022
Total expenses
$280,479
2022
Total assets
$4,395,199
2022
Num. employees
0
2022

Program areas at Invest Detroit Cde

Placing nmtc allocation into qualified projects

Personnel at Invest Detroit Cde

NameTitleCompensation
David BlaszkiewiczPresident and Chief Executive Officer$0
Elizabeth FreitasSenior Vice President , Portfolio Management
Patti GlazaExecutive Vice President , Venture and Managing Director , Id Ventures
Danielle GraceffaGeneral Counsel
Mary Kay BuzolitsAssociate Vice President , Portfolio Risk Manager
...and 4 more key personnel

Financials for Invest Detroit Cde

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$237,114
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-83,807
Total revenues$153,307

Form 990s for Invest Detroit Cde

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-03990View PDF
2021-122022-11-09990View PDF
2020-122021-11-15990View PDF
2019-122021-06-08990View PDF
2018-122020-01-04990View PDF
...and 8 more Form 990s
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 22, 2022
Used new vendors
Identified 2 new vendors, including , and
October 3, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelNo full-time employees
General information
Address
600 Renaissance Ctr 1710
Detroit, MI 48243
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
investdetroit.com/ 
Phone
(313) 259-6368
IRS details
EIN
26-4008431
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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