2023-08-28T11:17:21-05:00 2022-12-31 363321958 DESMOND & AHERN LTD 10827 S WESTERN AVENUE CHICAGO IL 606433206 990 2022-01-01 462997666 Prosperus Detroit Micro-Lending PROS 3135860655 684 W Baltimore St 101 Detroit MI 48202 Chanell Scott Contreras Executive Director 3135860655 2023-08-28 1 Chanell Scott Contreras 999009999 0 Jason L Gierhahn P02385275 7737794720 2023-08-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Chanell Scott Contreras 684 W Baltimore St 101 Detroit MI 48202 3302099 0 X N/A X 2013 MI ProsperUs advances economic equity in under-resourced communities by supporting entrepreneurs with opportunities and capital needed to build businesses, generational wealth, and vibrant neighborhoods. 8 8 14 8 0 0 1923887 3187178 91486 114921 0 0 0 0 2015373 3302099 895237 207000 0 0 609136 960239 0 0 48486 336823 843157 1841196 2010396 174177 1291703 2318083 3608105 68137 66456 2249946 3541649 ProsperUs advances economic equity in under-resourced communities by supporting entrepreneurs with opportunities and capital needed to build businesses, generational wealth, and vibrant neighborhoods. 0 0 1572035 207000 114921 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. 1572035 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 61 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MI X Stephen Mondozzi 7734746944 684 W Baltimore Suite 101 Detroit MI 49202 Steve Kosuda Chairman 1.00 X X 0 0 0 Hector Hernandez Director 2.00 X 0 0 0 Steve Tobocman Director 1.00 X 0 0 0 John Schoeniger Director 1.00 X 0 0 0 Richmond Hawkins Director 1.00 X 0 0 0 Pierre Batton Director 1.00 X 0 0 0 Kimberly Faison Director 1.00 X 0 0 0 Don Jones Director 1.00 X 0 0 0 Chanell R Contreras Executive Director 40.00 X 166450 0 23611 166450 0 23611 1 0 1 0 0 1000000 2187178 3187178 Interest income from l 900099 69375 69375 Service income fees 900099 32617 32617 Loan fees 900099 12929 12929 114921 3302099 114921 0 0 207000 207000 193619 118986 37608 37025 619093 599506 14686 4901 12578 12199 289 90 71813 71813 63136 51148 6664 5324 6089 6089 73650 73650 121914 101970 19944 110716 96110 14606 18785 60 18725 75587 62351 13236 23240 20660 1434 1146 17493 932 16561 7054 315 6739 13944 13944 Technical assistance 216473 216473 Provision for loan loss 138691 138691 Membership dues 19521 12512 7009 2010396 1572035 389875 48486 1353120 2370816 10214 25875 949227 1185699 5522 9136 0 16579 2318083 3608105 68137 66456 68137 66456 X 1284763 1757795 965183 1783854 2249946 3541649 2318083 3608105 1291703 0 X X 0 1 X 1 0 X 1312500 1923887 3187178 6423565 17372 30350 70829 91486 114921 324958 17372 30350 1383329 2015373 3302099 6748523 0 100000 613922 1250332 1964254 100000 613922 1250332 1964254 4784269 17372 30350 1383329 2015373 3302099 6748523 0.70890 0.79370 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 3302099 0 3302099 0 3302099 2010396 0 2010396 0 2010396 Part X, Line 2: FIN 48 Note from Audited Financial Statements ProsperUS Detroit Micro-Lending has been granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and qualifies for the charitable contribution deduction. The Organization has been classified as an organization that is not a private foundation. The tax-exempt purpose of the Organization and the nature in which it operates is described in Note 1. The Organization continues to operate in compliance with its tax-exempt purpose. The Organization's annual information and income tax returns filed with the federal and state governments are generally subject to examination by the Internal Revenue Service for three years after filing. 1 Accounting Aid Society 3031 W Grand Blvd Suite 470 Detroit MI 48202 237310753 10000 0 Operating Grant Osborn Neighborhood Business Alliance 13560 E McNichols Rd Detroit MI 48205 814399151 10000 0 Operating Grant Cody Rouge Communtiy Action Alliance 19321 W Chicago Detroit MI 48228 271841875 20000 0 Operating Grant Central Detroit Christian Community Development Corp 1550 Taylor Street Detroit MI 48206 383128822 20000 0 Operating Grant Global Detroit 4444 2nd Ave Detroit MI 48201 383880502 20000 0 Operating Grant Grace in Action Collectives 1725 Lawndale St Detroit MI 48209 462588340 20000 0 Operating Grant Dream of Detroit 1605 Davison Fwy Detroit MI 48238 464246696 20000 0 Operating Grant Eastside Community Network 4401 Conner St Detroit MI 48215 382561225 20000 0 Operating Grant Grandmont Rosedale Development Corporation 19800 Grand River Ave Detroit MI 48223 382885952 20000 0 Operating Grant DZ Management Company LLC 2801 Clark Ave Detroit MI 48210 841322551 10000 0 Operating Grant Lebrons Catering Company 20261 Charest St Detroit MI 48234 832939084 6000 0 Operating Grant Weeats Catering for All Occassions 20067 Westphalia Detroit MI 48205 874777737 8000 0 Operating Grant Paradise Natural Foods LLC 17301 Livernois Ave 339 Detroit MI 48221 473174770 10000 0 Operating Grant Part I, Line 2: ProsperUs works with its subgrantees to determine outcomes and metrics in advance of deploying grants. During the duration of the subgrant period, ProsperUs regularly collects data on outcomes and metrics, and meets with subgrantees to understand any challenges or opportunities, and to ensure the requirements of the grant are met. X X X 0 0 0 0 0 0 0 0 0 Chanell R Contreras Executive Director 166450 0 0 0 0 0 3519 0 20092 0 190061 0 0 0 Form 990, Part VI, Section A, line 8b The organization does not have any sub-committee that has the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Controller and Executive Director review and approve the 990. Then the 990 is emailed to all Board members for their review prior to filing. Form 990, Part VI, Section B, line 12c A Director shall disclose to the Board of Directors any potential or existing conflict of interest consistent with the conflict policy at or prior to a meeting of Board of Directors, such Director shall disclose to the Board of Directors any potential or existing conflict of interest relating to any matter included on the agenda of that meeting or brought to the attention of the Board of Directors at that meeting. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part XII, line 2c: The process has not changed from the prior year.