EIN 46-2997666

Prosperus Detroit Micro-Lending

IRS 501(c) type
501(c)(3)
Num. employees
14
Year formed
2013
Most recent tax filings
2022-12-01
Description
Prosperus Detroit Micro-Lending supports entrepreneurs in under-resourced communities by providing opportunities and capital to build businesses, generational wealth, and vibrant neighborhoods. In 2022, the organization deployed over $900,000 in microloans and provided business development training classes to 115 entrepreneurs while offering personal financial coaching to 21 participants.
Total revenues
$3,302,099
2022
Total expenses
$2,010,396
2022
Total assets
$3,608,105
2022
Num. employees
14
2022

Program areas at Prosperus Detroit Micro-Lending

Microlending - In 2022, ProsperUs deployed over $900,000 in microloans in the portfolio. Training & Technical Assistance -- In 2022, 115 entrepreneurs participated in our business development training classes, 21 participated in personal financial coaching, and 162 business service projects were facilitated.

Grants made by Prosperus Detroit Micro-Lending

GranteeGrant descriptionAmount
Global DetroitOperating Grant$20,000
Eastside Community NetworkOperating Grant$20,000
Grandmont Rosedale Development CorporationOperating Grant$20,000
...and 6 more grants made

Who funds Prosperus Detroit Micro-Lending

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
W.K. Kellogg Foundation (WKKF)Provide General Operating Support To Help the Organization Advance Its Mission of Eliminating the Racial Gap Through Small Business Loans To Excluded Entrepreneurs$375,000
Ralph C Wilson Jr FoundationTo Support Small Business Growth and Neighborhood Revitalization$375,000
The Chicago Community TrustSupport of Entrepreneurs and Small Business Development in Neighborhoods Across Detroit Through Entrepreneurship Training, Financial Coaching, Technical Assistance and Micro-Lending.$300,000
...and 7 more grants received

Personnel at Prosperus Detroit Micro-Lending

NameTitleCompensation
Paul JonesChief Executive Officer
Sean de FourPresident and Chief Executive Officer
Joanna Dueweke-PerezChief Operations Officer
Michelle ExpertlyChief Operations Manager
Michelle ShermanChief Operating Officer and Chief Financial Officer$0
...and 9 more key personnel

Financials for Prosperus Detroit Micro-Lending

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,187,178
Program services$114,921
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$0
Total revenues$3,302,099

Form 990s for Prosperus Detroit Micro-Lending

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-28990View PDF
2021-122022-11-01990View PDF
2020-122021-11-10990View PDF
2019-122021-04-01990View PDF
2018-122021-12-20990View PDF
...and 4 more Form 990s

Organizations like Prosperus Detroit Micro-Lending

OrganizationLocationRevenue
First American Capital CorporationHales Corners, WI$2,568,889
Shenandoah Community Capital FundStaunton, VA$1,156,932
Johnstown Area Regional IndustriesJohnstown, PA$1,565,309
Community Investment CollaborativeCharlottesville, VA$2,055,191
AccessitySan Diego, CA$5,295,637
CLIMB FundCharleston, SC$5,137,686
WBDMadison, WI$9,133,880
TruFund Financial servicesNew York, NY$16,024,804
TMC Community CapitalOakland, CA$2,351,825
Small Business Access PartnersGainesville, GA$1,238,565
Data update history
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $15,000 from Comerica Charitable Foundation
June 2, 2024
Updated personnel
Identified 10 new personnel
January 2, 2024
Received grants
Identified 6 new grant, including a grant for $375,000 from Ralph C Wilson Jr Foundation
October 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 25, 2023
Received grants
Identified 2 new grant, including a grant for $300,000 from The Chicago Community Trust
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
684 W Baltimore St 101
Detroit, MI 48202
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
prosperusdetroit.org/ 
Phone
(313) 586-0655
IRS details
EIN
46-2997666
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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