2025-11-07T10:45:04-06:00 2024-12-31 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2024-01-01 264008431 INVEST DETROIT CDE INVE 3132596368 600 RENAISSANCE CENTER 1710 DETROIT MI 48243 DAVID BLASZKIEWICZ PRESIDENT/CEO 3132596368 2025-11-06 1 1 ALYSSA M KENT P01701477 2483757100 2025-11-06 2024 2025-03-06 01:10:19Z DAVID BLASZKIEWICZ 600 RENAISSANCE CENTER 1710 DETROIT MI 48243 1818792 0 X INVESTDETROIT.COM X 2009 MI INVEST DETROIT CDE EXISTS TO SERVE OR MAKE LOANS OR PROVIDE EQUITY INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS IN THE CITY OF DETROIT IN ACCORDANCE WITH NEW MARKET TAX CREDIT (NMTC) PROGRAM REQUIREMENTS. 6 4 0 5 0 0 0 0 1061864 1650782 31247 43268 49453 124742 1142564 1818792 0 0 0 0 543717 504631 0 0 0 652546 795231 1196263 1299862 -53699 518930 4575773 4882430 305871 93598 4269902 4788832 X INVEST DETROIT CDE'S MISSION IS TO SERVE OR MAKE LOANS OR PROVIDE EQUITY INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS; TO TAKE ACTIONS TO QUALIFY AND CONTINUE THE QUALIFICATIONS AS A COMMUNITY DEVELOPMENT ENTITY; AND MAINTAIN ACCOUNTABILITY TO RESIDENTS OF LOW-INCOME COMMUNITIES THROUGH THE APPOINTMENT OF A BOARD OF DIRECTORS OF INDIVIDUALS WHO REPRESENT LOW-INCOME COMMUNITIES. 0 0 751657 1650782 PLACING NMTC ALLOCATION INTO QUALIFIED PROJECTS 751657 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 1 1 0 1 0 0 0 1 1 0 0 1 1 0 0 1 1 X JAMIE GEARY 3132596368 600 RENAISSANCE CENTER SUITE 1710 DETROIT MI 48243 DAVID BLASZKIEWICZ PRESIDENT & CEO 10.00 30.00 X X 0 454305 51029 KENITA HARRIS LIC REPRESENTATIVE 0.50 0.00 X 0 0 0 KENYETTA BRIDGES LIC REPRESENTATIVE - PART YEAR 0.50 0.00 X 0 0 0 CAMILLE WALKER BANKS LIC REPRESENTATIVE - PART YEAR 0.50 0.00 X 0 0 0 KEONA COWAN CHAIRMAN 10.00 30.00 X 0 261710 43909 RICHARD HOSEY LIC REPRESENTATIVE 0.50 0.00 X 0 0 0 DAVID HOWELL LIC REPRESENTATIVE 0.50 0.00 X 0 0 0 DONALD RENCHER LIC REPRESENTATIVE 0.50 0.00 X 0 0 0 CARRIE LEWAND-MONROE CHIEF OPERATING OFFICER 10.00 30.00 X 0 265209 27102 0 981224 122040 0 0 1 0 0 COMPLIANCE FEE INCOME 531390 1350000 1350000 ASSET MANAGEMENT FEE 900099 234596 234596 AUDIT AND TAX FEE REVE 900099 66186 66186 1650782 43268 43268 GAIN ON INVESTMENT 900099 124742 124742 124742 1818792 1650782 0 168010 X 504631 302779 201852 250000 250000 87600 87600 448878 448878 MEMBERSHIPS AND DUES 8400 8400 TAXES & FILING FEES 353 353 1299862 751657 548205 0 342666 183267 1231247 1598765 71843 24927 0 18400 2930017 3057071 4575773 4882430 305871 93598 305871 93598 X 4269902 4788832 4269902 4788832 4575773 4882430 518930 0 X X 0 1 X 1 0 0 INVESTMENT IN DIF LP 2972675 C INVESTMENT IN ID CDE 14, LLC 685 C INVESTMENT IN ID CDE 15, LLC 620 C INVESTMENT IN ID CDE 16, LLC 172 C INVESTMENT IN ID CDE 17, LLC 992 C INVESTMENT IN ID CDE 18, LLC 769 C INVESTMENT IN ID MDI 78163 C INVESTMENT IN CDE 19 498 C INVESTMENT IN CDE 20 999 C INVESTMENT IN CDE 21 1498 C 3057071 DEPOSITS 86098 RELATED PARTY PAYABLE 7500 93598 0 0 0 0 0 0 0 1 0 DAVID BLASZKIEWICZ PRESIDENT & CEO 0 404305 0 50000 0 0 0 20700 0 30329 0 505334 0 0 KEONA COWAN CHAIRMAN 0 237710 0 24000 0 0 0 16229 0 27680 0 305619 0 0 CARRIE LEWAND-MONROE CHIEF OPERATING OFFICER 0 241209 0 24000 0 0 0 5340 0 21762 0 292311 0 0 PART I, LINE 3 INDIVIDUALS LISTED IN PART II ARE PAID BY INVEST DETROIT FOUNDATION, A RELATED PARTY, WHO USES MARKET DATA AND APPROVAL BY THE BOARD TO DETERMINE COMPENSATION. PART I, LINE 7 BONUSES ARE PAID BY INVEST DETROIT FOUNDATION, A RELATED PARTY, WHO USES MARKET DATA AND APPROVAL BY THE BOARD TO DETERMINE COMPENSATION. INVEST DETROIT FOUNDATION HAS AN INCENTIVE PLAN BASED ON THE ORGANIZATIONS PERFORMANCE DURING THE YEAR AND THEN THE EMPLOYEES PERFORMANCE. IF THE ORGANIZATION HITS ITS BUDGET AND STRATEGIC PLAN METRICS THEN THE BOARD OF DIRECTORS APPROVES THE BONUS POOL. THE BOARD OF DIRECTORS HAS FINAL DISCRETION ON THE BONUS PAID TO THE CEO. THE CEO AND BOARD CHAIR REVIEW AND HAVE FINAL DISCRETION ON ALL OTHER EMPLOYEE BONUSES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS DETROIT DEVELOPMENT VENTURES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER, DETROIT DEVELOPMENT VENTURES, INC., ELECTS THE BOARD. FORM 990, PART VI, SECTION A, LINE 8B N/A AS ORGANIZATION HAS NO SUCH COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS PROVIDED THE 990 PRIOR TO FILING. THE ID CDE 990 WILL BE REVIEWED BY MANAGEMENT BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 INVEST DETROIT CDE DOES NOT MAKE THESE DOCUMENTS AVAILABLE. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 448,878. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 448,878. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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