2023-11-03T15:56:34-05:00 2022-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2022-01-01 271927369 INVEST DETROIT FOUNDATION INVE 3132596368 600 RENAISSANCE CENTER 1710 DETROIT MI 48243 DAVID BLASZKIEWICZ PRESIDENT/CEO 3132596368 2023-11-02 1 DAVID BLASZKIEWICZ 999009999 1 TINA PETERS P00904574 2483757100 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z INVEST DETROIT DAVID BLASZKIEWICZ 600 RENAISSANCE CENTER 1710 DETROIT MI 48243 24220233 0 X INVESTDETROIT.COM X 2010 MI THE IDF LOAN PROGRAMS PROVIDE FUNDING, GENERALLY IN THE FORM OF LOANS, TO QUALIFIED APPLICANTS TO ENCOURAGE REVITALIZATION AND DEVELOPMENT. IN CONCERT WITH OPERATING THE LOAN PROGRAMS, IDF ALSO CONDUCTS PROGRAMMATIC ACTIVITIES THAT INCLUDE PLANNING, SPEARHEADING AND DEVELOPING STRATEGIES FOR URBAN REVITALIZATION. 16 16 48 16 0 0 7870399 18975099 4748881 4917481 189650 327653 0 0 12808930 24220233 8434377 4647500 0 0 5862158 7057586 0 0 0 7431952 5085689 21728487 16790775 -8919557 7429458 154389743 161002008 35012813 39891952 119376930 121110056 X IDF PROMOTES A HIGHER QUALITY OF LIFE FOR DISTRESSED COMMUNITIES, PRIMARILY IN THE CITY OF DETROIT THROUGH ATTRACTING NEW INDUSTRY, ENCOURAGING THE DEVELOPMENT OF BUSINESS, HOUSING, TRANSPORTATION AND OTHER COMMUNITY RESOURCES. IDF PROVIDES LOANS AND FINANCIAL ASSISTANCE TO PROMOTE COMMUNITY DEVELOPMENT AND COMBAT COMMUNITY DETERIORATION AND ECONOMIC BLIGHT. 0 0 6311090 655000 4009073 SUPPORTING DETROIT ECONOMIC DEVELOPMENT THROUGH REAL ESTATE AND SMALL BUSINESS FINANCING 949393 0 717011 SUPPORTING HIGH TECH AND ENTREPRENEUR ACTIVITY 5612018 3992500 191397 SUPPORTING INCLUSIVE NEIGHBORHOOD REVITALIZATION THROUGH STRATEGIC INTERVENTIONS 12872501 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 67 0 1 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X JAMIE GRIMALDI 3132596368 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 MATTHEW P CULLEN CHAIRMAN 1.00 0.00 X X 0 0 0 RODERICK D GILLUM VICE CHAIRMAN 1.00 0.00 X X 0 0 0 JOHN BLANCHARD DIRECTOR 1.00 0.00 X 0 0 0 JOANN CHAVEZ DIRECTOR 1.00 0.00 X 0 0 0 ANTOINE M GARIBALDI PHD DIRECTOR 1.00 0.00 X 0 0 0 WRIGHT L LASSITER III DIRECTOR 1.00 0.00 X 0 0 0 WENDY LEWIS JACKSON DIRECTOR 1.00 0.00 X 0 0 0 RICHARD A MANOOGIAN DIRECTOR 1.00 0.00 X 0 0 0 CHARLES G MCCLURE DIRECTOR 1.00 0.00 X 0 0 0 DAN NISSENBAUM DIRECTOR 1.00 0.00 X 0 0 0 CHRIS RIZIK DIRECTOR 1.00 0.00 X 0 0 0 ALAN S SCHWARTZ DIRECTOR 1.00 0.00 X 0 0 0 SUZANNE SHANK DIRECTOR 1.00 0.00 X 0 0 0 GARY TORGOW DIRECTOR 1.00 0.00 X 0 0 0 LAURA TRUDEAU DIRECTOR 1.00 0.00 X 0 0 0 DAVID BLASZKIEWICZ PRESIDENT & CEO 30.00 10.00 X 429390 0 44548 CARRIE LEWAND-MONROE CHIEF OPERATING OFFICER 20.00 20.00 X 263277 0 25886 AMBER GLADNEY ASSISTANT SECRETARY 40.00 0.00 X 149992 0 15263 PAUL TRULIK SECRETARY/TREASURER 1.00 0.00 X 0 0 0 PATRICIA GLAZA EXECUTIVE VICE PRESIDENT, VENTURE 40.00 0.00 X 263117 0 36353 KEONA COWAN EXECUTIVE VICE PRESIDENT, LENDING 40.00 0.00 X 261493 0 35621 MARTIN DOBER SENIOR VICE PRESIDENT, VENTURE 40.00 0.00 X 202675 0 33857 DANIELLE GRACEFFA GENERAL COUNSEL 40.00 0.00 X 222315 0 34573 PAUL JONES DIRECTOR OF BUSINESS SUPPORT NETWORK 40.00 0.00 X 188373 0 11425 1980632 0 237526 25 0 1 0 URGE IMPRINT LLC 19420 PARKSIDE DETROIT MI 48221 CONSULTING SERVICES 300000 PLANTE & MORAN PLLC 16060 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ACCOUNTING SERVICES 176919 DETROIT EXPEDITING 30645 PIERCE SOUTHFIELD MI 48076 DEVELOPMENTAL SERVICES 167275 3 500000 18475099 18975099 LOAN INTEREST INCOME 900099 2564281 2564281 ADMINISTRATIVE FEES 900099 1886610 1886610 LOAN TRANSACTION FEES 900099 466590 466590 4917481 327653 327653 24220233 4917481 0 327653 4642500 4642500 5000 5000 324907 324907 6302160 3781296 2520864 96458 57875 38583 334061 200437 133624 288037 288037 40650 40650 1122826 838618 284208 70016 70016 176450 176450 152932 152932 54997 54997 89374 89374 38180 38180 78661 78661 LOAN & GRANT LOSS RESER 2700473 2700473 NEIGHBORHOOD PROGRAM 173934 143597 30337 NEI NETWORK DIRECTOR PR 93364 82629 10735 VENTURE PROGRAM 5795 5795 16790775 12872501 3918274 0 7261255 8048463 16133356 16381570 8600000 10004938 1294095 1356467 45032680 50826888 69678 21227 1407737 412516 35317 995221 75963362 73367234 154389743 161002008 664072 1152712 10504444 10850527 479889 365874 23364408 27522839 35012813 39891952 X 92662494 90392923 26714436 30717133 119376930 121110056 154389743 161002008 X 7429458 -985251 -4711081 X 0 1 X 1 0 X 17271741 33000351 31235299 7870399 18975100 108352890 17271741 33000351 31235299 7870399 18975100 108352890 35902126 72450764 344000 466340 146212 189650 331206 1477408 109830298 22318099 0.65970 0.66510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 16806502 0 16806502 0 990325 0 247581 0 0 0 990325 990325 1485488 247581 247581 371372 30000 30000 892430 305235 587195 214523 214523 270784 107281 163503 995221 73367234 C 73367234 1 DETROIT BLIGHT BUSTERS INC 18220 LAHSER RD DETROIT MI 48219 812969704 501C3 178750 0 N/A N/A SNF PROGRAMMATIC GRANT - OLD REDFORD FAADE PROGRAM LIFE REMODELED 2470 COLLINGWOOD DETROIT MI 48206 275020487 501C3 175000 0 N/A N/A SNF PROGRAMMATIC GRANT - DEXTER FAADE PROGRAM 16703 WARREN BD LLC 779 PIPER AVE DETROIT MI 48215 870838881 12500 0 N/A N/A COMMUNITY ENGAGEMENT GRANT EAST WARREN DEVELOPMENT CORP 4424 BISHOP ST DETROIT MI 48224 843003783 501C3 25000 0 N/A N/A COMMUNITY ENGAGEMENT GRANT PAL PROPERTIES LLC 13301 MOUND RD DETROIT MI 48212 814916255 12500 0 N/A N/A COMMUNITY ENGAGEMENT GRANT SOUTHWEST DETROIT BUSINESS ASSOCIATION 7752 VERNOR HWY DETROIT MI 48209 382262287 501C3 11000 0 N/A N/A COMMUNITY ENGAGEMENT GRANT CITY OF DETROIT 2 WOODWARD AVE DETROIT MI 48226 386004606 GOVERNMENT 250000 0 N/A N/A SNF PROGRAMMATIC GRANT - OLD REDFORD TRIANGLE PLAZA & ARTIST ALLEY GATEWAY CITY OF DETROIT 2 WOODWARD AVE DETROIT MI 48226 386004606 GOVERNMENT 3067750 0 N/A N/A SNF PARK GRANTS CITY OF DETROIT 2 WOODWARD AVE DETROIT MI 48226 386004606 GOVERNMENT 550000 0 N/A N/A MEADE CUT-THROUGH & KNAPP LIBRARY CONNECTION CITY OF DETROIT 2 WOODWARD AVE DETROIT MI 48226 386004606 GOVERNMENT 150000 0 N/A N/A DEXTER POP-UP ISLAMIC CENTER OF DETROIT 14350 TIREMAN AVE DETROIT MI 48228 383537457 501C3 100000 0 N/A N/A W. WARREN FAADE PROGRAM SUNBRIDGE INTERNATIONAL COLLABORATIVE INC 25525 ORMOND DR SOUTHFIELD MI 48033 611726237 501C3 10000 0 N/A N/A STEIN STAGE GRANT 7 2 COMMUNITY ENGAGEMENT GRANT 1 5000 PART I, LINE 2: GRANTS ARE DOCUMENTED BY SIGNED AGREEMENTS LIMITING THE USE OF FUNDS FOR THEIR INTENDED PURPOSE. GRANT RECIPIENTS HAVE EITHER DEMONSTRATED THE FUNDS HAVE ALREADY BEEN DEPLOYED AND THE GRANT IS A REIMBURSEMENT, OR ELSE THE USE OF FUNDS ARE MONITORED BY PROGRAM STAFF. 0 0 0 0 0 0 0 0 0 DAVID BLASZKIEWICZ PRESIDENT & CEO 399390 0 30000 0 0 0 18300 0 26248 0 473938 0 0 0 PATRICIA GLAZA EXECUTIVE VICE PRESIDENT, VENTURE 241117 0 22000 0 0 0 13147 0 23206 0 299470 0 0 0 KEONA COWAN EXECUTIVE VICE PRESIDENT, LENDING 239493 0 22000 0 0 0 11771 0 23850 0 297114 0 0 0 CARRIE LEWAND-MONROE CHIEF OPERATING OFFICER 241277 0 22000 0 0 0 5220 0 20666 0 289163 0 0 0 DANIELLE GRACEFFA GENERAL COUNSEL 207315 0 15000 0 0 0 12439 0 22134 0 256888 0 0 0 MARTIN DOBER SENIOR VICE PRESIDENT, VENTURE 187675 0 15000 0 0 0 11553 0 22304 0 236532 0 0 0 PAUL JONES DIRECTOR OF BUSINESS SUPPORT NETWORK 181373 0 7000 0 0 0 10423 0 1002 0 199798 0 0 0 AMBER GLADNEY ASSISTANT SECRETARY 137992 0 12000 0 0 0 8253 0 7010 0 165255 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS PROVIDED A COPY OF THE 990 PRIOR TO FILING. THE 990 WILL BE REVIEWED BY MANAGEMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD IS ASKED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. ANY NOTED CONFLICTS ARE ADDRESSED AND APPROPRIATELY RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES COMPENSATION FOR THE CEO USING MARKET DATA. THE CEO USES MARKET DATA TO DETERMINE COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 INVEST DETROIT DOES NOT MAKE THESE DOCUMENTS AVAILABLE. FORM 990, PART XI, LINE 9: ADJUSTMENT IN EQUITY INVESTMENTS -4,711,081. IDV L3C 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 274397735 LOAN FUND MI 7052177 22944360 INVEST DETROIT FOUNDATION CHASE INVEST DETROIT FUND L3C 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 LOAN FUND MI 136049 24172508 INVEST DETROIT FOUNDATION KERCHEVAL ASSOCIATES II LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI -1782626 1588852 INVEST DETROIT FOUNDATION IDF REAL ESTATE HOLDING LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI -552392 3440392 INVEST DETROIT FOUNDATION AMMR LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI 0 24755 INVEST DETROIT FOUNDATION RMMA LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI 0 0 INVEST DETROIT FOUNDATION RE MCNICHOLS LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI -9423 928411 INVEST DETROIT FOUNDATION 16530 E WARREN LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI 116806 767673 INVEST DETROIT FOUNDATION 16221 E WARREN LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI 0 228090 INVEST DETROIT FOUNDATION EBIARA DEVELOPER FUND I LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 LOAN FUND MI 0 646223 INVEST DETROIT FOUNDATION INVEST DETROIT CDE 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 264008431 LOAN FUND MI 501(C)(4) DETROIT DEVELOPMENT VENTURES INC 1 KERCHEVAL ASSOCIATES LLC 117 GRISWOLD 1416 DETROIT MI 48226 811333962 REAL ESTATE DEVELOPMENT MI KERCHEVAL ASSOCIATES II LLC N/A -890960 9551340 0 0 0.45000 KERCHEVAL ASSOCIATES II 117 GRISWOLD 1416 DETROIT MI 48226 PROVIDE QLICI'S MI N/A -890960 794426 0 0 0.50000 COMMUNITY CAPITAL EQUITY LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI N/A N/A -298104 2292274 0 0 0.33000 ID MDI LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI N/A N/A -275 3136144 0 0 0.94740 INDUSTRY DETROIT QOZB LLC 3001 BRIGHTON BLVD DENVER CO 80216 REAL ESTATE DEVELOPMENT MI N/A -275 3079564 0 0 0.18000 DETROIT INVESTMENT FUND LP 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 383242878 PRIVATE SECTOR FINANCING MI N/A N/A 69306 18449109 0 0 0.28670 DETROIT INNOVATE FUND I LP 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 463596857 PRIVATE SECTOR FINANCING MI DETROIT INNOVATE GP LLC N/A 265672 3238853 0 0 0.70220 RENAISSANCE VENTURE CAPITAL FUND I LP 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 VENTURE CAPITAL MI N/A N/A 498044 701362 0 0 0.02000 COE VANDYKE LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI COE DEVELOPMENT LLC N/A 0 0 DETROIT INNOVATE GP LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 465283552 HOLDING COMPANY (GENERAL PARTNER OF DILP) MI DETROIT DEVELOPMENT VENTURES INC N/A 0 0 DETROIT INNOVATION DISTRICT FUND LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 REAL ESTATE DEVELOPMENT MI N/A N/A 0 0 0.50000 DETROIT INVESTMENT FUND REAL ESTATE VENTURES LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 383563993 HOLDS REAL ESTATE EQUITY INVESTMENTS MI N/A N/A 0 0 ID CDE 11 LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 331231117 PROVIDE QLICI'S MI N/A N/A 0 0 ID CDE 12 LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 352497423 PROVIDE QLICI'S MI N/A N/A 0 0 ID CDE 13 LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 300812019 PROVIDE QLICI'S MI N/A N/A 0 0 ID CDE 14 LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 611734444 PROVIDE QLICI'S MI N/A N/A 0 0 ID CDE 15 LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 611734444 PROVIDE QLICI'S MI N/A N/A 0 0 ID CDE 16 LLC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 611734444 PROVIDE QLICI'S MI N/A N/A 0 0 DETROIT DEVELOPMENT VENTURES INC 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 383242875 HOLDING COMPANY (GENERAL PARTNER OF DIF) MI N/A C 1 ID AH I L3C 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 842516194 LOAN FUND MI INVEST DETROIT FOUNDATION C 4 225395 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 DETROIT INVESTMENT FUND L 1457380 2.5% AVG TOTAL ASSETS INVEST DETROIT CDE Q 125000 INVOICED AMOUNT