Wayne County-Detroit Cde Inc

Organization Overview

Wayne County-Detroit Cde Inc is located in Detroit, MI. The organization was established in 2006. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne County-Detroit Cde Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, Wayne County-Detroit Cde Inc generated $730.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $491.1k during the year ending 08/2021. While expenses have increased by 2.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ESTABLISHED TO ADMINISTER THE FEDERAL NEW MARKETS TAX CREDIT PROGRAM FOR THE PURPOSE OF REVITALIZING LOW INCOME COMMUNITIES BY ATTRACTING PRIVATE AND/OR PUBLIC INVESTORS WHO WILL REBUILD NEIGHBORHOODS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED INVESTMENT CAPITAL THAT WILL BE USED TO REVITALIZE LOW INCOME COMMUNITIES IN WAYNE COUNTY, MICHIGAN. THE ORGANIZATION WAS ALLOCATED NEW MARKET TAX CREDITS AUTHORITY.


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Board, Officers & Key Employees

Name (title)Compensation
Khalil Rahal
Executive Di
$0
June Lee
Chairman
$0
Mathieu Dube
Board Member
$0
Yogesh Gusani
Board Member
$0
Eva Dewaelsche
Board Member
$0
Byna Elliott
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $5,867
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $730,026

Grants Awarded

Over the last fiscal year, Wayne County-Detroit Cde Inc has awarded $58,000 in support to 2 organizations.

Grant RecipientAmount

SOUTHEAST MICHIGAN COMMUNITY ALLIANCE

Org PageRecipient Profile

Taylor, MI

PURPOSE: REAL ESTATE TECHNICAL DEVELOPMENT RESEARCH

$50,000

CHARTER TOWNSHIP OF NORTHVILLE

PURPOSE: REAL ESTATE TECHNICAL DEVELOPMENT RESEARCH

$8,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wayne County-Detroit Cde Inc has recieved totaling $408,665.

Awarding OrganizationAmount
Ilitch Charities Inc

Detroit, MI

PURPOSE: CHARTER COUNTY OF WAYNE: GRANT GIVEN TO FUND TO RESTORE HISTORIC HAMTRAMCK STADIUM.

$408,665
View Grant Recipient Profile

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