2026-08-25T18:49:54-05:00 2025-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2025-01-01 811368616 DEVELOP DETROIT INC DEVE 3139607700 1452 RANDOLPH STREET 300 DETROIT MI 48226 SONYA MAYS PRESIDENT & CEO 3139607700 2026-07-24 1 CAITLIN LIMOGES CPA P01633588 5083669100 2026-07-24 2025 2025-03-06 01:10:19Z SONYA MAYS 1452 RANDOLPH STREET 300 DETROIT MI 48226 5489059 0 X WWW.DEVELOPDETROIT.ORG X 2015 MI DEVELOP DETROIT, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT FIRM FOCUSED ON PROVIDING AFFORDABLE AND MIXED INCOME HOUSING, AS WELL AS STRATEGIC ECONOMIC AND COMMERCIAL DEVELOPMENT THAT WILL HELP STABILIZE AND TRANSFORM DISINVESTED NEIGHBORHOODS. DDI RENOVATES AND REDEVELOPS PROPERTIES INTO HIGH QUALITY, INCLUSIVE HOUSING THAT IS WELL-DESIGNED AND ACCESSIBLE TO A BROAD RANGE OF DETROITERS. THE FIRM DEVELOPS ACROSS A WIDE RANGE OF REAL ESTATE PROJECT TYPES, INCLUDING SINGLE-FAMILY REHABILITATION AND INFILL AND MULTI- FAMILY PRESERVATION. 11 10 12 10 0 0 3514569 3208646 1460510 2201155 56520 0 64939 79258 5096538 5489059 0 0 0 0 1802104 1757429 0 0 292941 2857868 2756041 4659972 4513470 436566 975589 28400976 23367922 23836275 18566687 4564701 4801235 SEE PAGE 1, QUESTION 1 0 0 3533978 2280413 REAL ESTATE DEVELOPMENT - WE IMAGINE, DESIGN AND BUILD BEAUTIFUL HOUSING. WE CREATE MIXED-INCOME COMMUNITIES AND SINGLE-FAMILY HOMES ACROSS DETROIT FOR THE FULL RANGE OF DETROITERS. OUR WORK IS AN INTEGRATED APPROACH TO STABILIZING AND GROWING NEIGHBORHOODS DECIMATED BY THE RECENT HOUSING CRISIS. 3533978 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 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 1 1 1 1 0 0 1 18 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 1 1 MI X MARK MEIER CFO 3139607700 1452 RANDOLPH STREET 300 DETROIT MI 48226 SONYA MAYS PRESIDENT & CEO 39.50 0.50 X X 247500 0 33759 KATE KOHN-PARROTT CHAIR 5.50 X X 0 0 0 JASON PAULATEER VICE CHAIR 5.50 X X 0 0 0 LAURA GRANNEMANN SECRETARY 5.50 X X 0 0 0 MELISSA WORDEN MEMBER 2.50 X 0 0 0 SHERRIE FARRELL MEMBER 2.50 X 0 0 0 GWEN BUTLER MEMBER 2.50 X 0 0 0 ROBIN KINLOCH MEMBER 2.50 X 0 0 0 RON STALLWORTH MEMBER 2.50 X 0 0 0 ERIC CHATMAN MEMBER 2.50 X 0 0 0 SEAN WERDLOW MEMBER (UNTIL 12/31/2025) 2.50 X 0 0 0 MARK MEIER CHIEF FINANCIAL OFFICER 38.75 1.25 X 160000 0 29044 CRAIG WILLIAN CHIEF INVESTMENT OFFICER 39.50 0.50 X 185000 0 33833 ANTHONY PIPITONE CONSTRUCTION MANAGER 40.00 X 125000 0 6250 717500 0 102886 4 0 1 0 MHT CONSTRUCTION LLC 32500 TELEGRAPH RD BINGHAM FARMS MI 48025 CONSTRUCTION SERVICES 5725155 ZAKARIA ESSA HUSAIN (EZ PROPERTY DEVELOP 4120 15 MILE ROAD STERLING HEIGHTS MI 48310 REAL ESTATE SERVICES 782710 2 3208646 3208646 DEVELOPER FEE INCOME 900001 1106990 1106990 RENTAL INCOME 531390 819290 819290 INTEREST INCOME ON NOT 900001 274875 274875 2201155 OTHER INCOME 900001 79258 79258 79258 5489059 2280413 0 0 483910 322492 78810 82608 991774 660946 161525 169303 165706 104093 37484 24129 116039 77071 26039 12929 75661 65661 10000 99210 96710 2500 106580 81628 24952 314140 242800 71340 27543 19431 8112 141227 30992 109835 400 697943 649068 48875 11385 4184 3629 3572 781169 781169 91484 91484 111326 105833 5493 MISCELLANEOUS 238334 140377 97957 BAD DEBT 60039 60039 4513470 3533978 686551 292941 808142 1102578 62476 59446 1426324 592974 150320 197429 152435 186879 4348820 320391 4087852 4028429 16029541 10566488 5683886 6633699 28400976 23367922 2155551 2266609 16351883 10078193 4057749 4987189 1271092 1234696 23836275 18566687 X 2210451 3181719 2354250 1619516 4564701 4801235 28400976 23367922 X 975589 -739055 X X 0 1 X 1 0 X 3049330 3445936 3698856 3514569 3208646 16917337 3049330 3445936 3698856 3514569 3208646 16917337 9709415 7207922 813 77 890 16918227 9406645 0.42600 0.39140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 400203 400203 3861803 233577 3628226 86814 86814 0 4028429 INVESTMENT IN AFFILIATES 2745487 C NOTE AND INTEREST RECEIVABLE FROM AFFILIATES 7821001 C 10566488 DUE FROM AFFILIATES 3522692 PROJECTS UNDER DEVELOPMENT 3033083 RESTRICTED CASH 77924 6633699 DUE TO AFFILIATES 651126 CONDITIONAL ADVANCES 583570 1234696 X PART X, LINE 2: THE AGENCY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2025. HOWEVER, THE AGENCY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. X 0 0 0 0 0 0 0 0 0 SONYA MAYS PRESIDENT & CEO 247500 0 0 0 0 0 17515 0 16244 0 281259 0 0 0 CRAIG WILLIAN CHIEF INVESTMENT OFFICER 185000 0 0 0 0 0 13092 0 20741 0 218833 0 0 0 MARK MEIER CHIEF FINANCIAL OFFICER 160000 0 0 0 0 0 12800 0 16244 0 189044 0 0 0 PART I, LINE 3 THE BOARD HAS INSTITUTED A FORMAL BOARD PROCESS FOR CEO PERFORMANCE AND COMPENSATION UNDER WHICH THE BOARD WILL FORMALLY APPROVE THE CEO'S SALARY. THE CEO REVIEWS THE COMPENSATION FOR ALL SENIOR STAFF. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HOLD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B BOARD IS GIVEN A COPY OF THE 990 TO APPROVE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C POSSIBLE CONFLICTS OF INTEREST ARE REVIEWED AND ARE NOTED AS NECESSARY AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD HAS INSTITUTED A FORMAL BOARD PROCESS FOR CEO PERFORMANCE AND COMPENSATION WHICH THE THE BOARD WILL FORMALLY APPROVE THE CEO SALARY. THE CEO REVIEWS THE COMPENSATION FOR ALL SENIOR STAFF. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION BY THE PUBLIC AT THE ORGANIZATION'S OFFICES DURING NORMAL BUSINESS HOURS. FORM 990, PART VI, LINE 16B: DEVELOP DETROIT'S POLICY OVER EVALUATING ITS PARTICIPATION IN JOINT VENTURE ARRANGEMENTS INCLUDES AN ASSESSMENT PERFORMED BY MANAGEMENT AND THE BOARD OF DIRECTORS TO ENSURE THE TERMS OF ANY POTENTIAL JOINT VENTURE RELATIONSHIP IS PERMITTED UNDER APPLICABLE FEDERAL TAX LAW AND DEVELOP DETROIT'S EXEMPT STATUS IS BEING SAFEGUARDED. IN ADDITION, FORMAL OPERATING AND OTHER APPLICABLE AGREEMENTS ARE FORMALLY EXECUTED BY ALL PARTIES INVOLVED AND CLEARLY OUTLINE DEVELOP DETROIT'S ROLE IN ALL JOINT VENTURE RELATIONSHIPS. FORM 990, PART XI, LINE 9: LOSS ON WRITE-OFF OF DUE FROM AFFILIATES -143,696. GAIN ON NMTC UNWIND 1,686,424. PROVISION FOR UNCOLLECTIBLE ON LOANS RECEIVABLE -2,281,783. FORM 990, PART XII, LINE 2C: THE SELECTION OF THE INDEPENDENT AUDITOR AND THE AUDIT PROCESS ARE MONITORED BY THE FULL BOARD OF DIRECTORS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SHELBORNE SQUARE APARTMENTS LIMITED DIVIDEND HOUSING ASSOCIATION LLC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 870819674 OWN AND OPERATE RENTAL HOUSING DEVELOPMENT MI DEV DETROIT SHELBORNE SQUARE LLC DEV DETROIT SHELBORNE SQUARE LLC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 870846819 OWN AND OPERATE RENTAL HOUSING DEVELOPMENT MI 524724 2282768 DEVELOP DETROIT INC DDI RENAISSANCE LIMITED DIVIDEND HOUSING ASSOCIATION LLC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 883982407 OWN AND OPERATE RENTAL HOUSING DEVELOPMENT MI 331494 2130922 DEVELOP DETROIT INC CDC DEV DETROIT LLC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 863681496 HOLD DEVELOPMENT ACTIVITY OF EARLY STAGE PROJECTS MI 0 0 DEVELOP DETROIT INC ISLANDVIEW TOWNHOMES LLC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 873275758 OWN AND OPERATE RENTAL HOUSING DEVELOPMENT MI 0 1586483 DEVELOP DETROIT INC DDI LAWTON LDHA LLC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 932895640 RENTAL MI 0 0 DEVELOP DETROIT INC TURNER NORTH DEVELOPMENT LLC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 934583934 HOUSING REHABILITATION MI 0 0 DEVELOP DETROIT INC REVOLUTION CONSTRUCTION LLC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 333626488 HOUSING REHABILITATION MI 0 0 DEVELOP DETROIT INC DREAMBUILDERS NONPROFIT HOUSING CORPORATION 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 844920454 PROVIDING AFFORDABLE AND MIXED INCOME HOUSING MI 501(C)(3) LINE 10 DEVELOP DETROIT INC 1 DFC QALICB INC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 873844803 PROVIDING AFFORDABLE AND MIXED INCOME HOUSING MI 501(C)(3) LINE 12B, II DEVELOP DETROIT INC 1 MARWOOD LIMITED DIVIDEND HOUSING ASSOCIATION 1452 RANDOLPH ST SUITE 300 DETROIT MI 48226 813712247 RENTAL MI DEVELOP DETROIT INC RENTAL 0 1 0.99990 DEV DETROIT 1346 GRATIOT LLC 1452 RANDOLPH ST SUITE 300 DETROIT MI 48226 384050301 HOUSING REHABILITATION MI DEVELOP DETROIT PROPERTIES INC RENTAL 6045194 0 1 0.90000 93 SEWARD PARTNERS LLC 2140 SOUTH DUPONT HIGHWAY CAMDEN DE 19931 822730488 LOAN PURCHASE MI DEVELOP DETROIT PROPERTIES INC N/A 0 0 0.50000 DEVELOP DETROIT EQUITY INVESTMENT FUND LLC 1452 RANDOLPH ST SUITE 300 DETROIT MI 48226 301109543 EQUITY FUND MI DEVELOP DETROIT PROPERTIES INC N/A 184 0 0 0.00020 UNIVERSITY MEADOWS I LIMITED DIVIDEND HOUSING ASSOCIATION LP 1452 RANDOLPH ST SUITE 300 DETROIT MI 48226 301031748 RENTAL MI DEVELOP DETROIT PROPERTIES INC RENTAL 30 0 0 0.00010 REVOLUTION 90 MTV TOWNHOMES LLC 1452 RANDOLPH ST SUITE 300 DETROIT MI 48226 802351285 HOUSING REHABILITATION MI DEVELOP DETROIT EQUITY INVESTMENT FUND LLC N/A 670 0 0 0.00100 MARWOOD MARSTON 2020 LIMITED DIVIDEND HOUSING ASSOCIATION LLC 1452 RANDOLPH ST SUITE 300 DETROIT MI 48226 802503871 HOUSING REHABILITATION MI DEVELOP DETROIT PROPERTIES INC RENTAL 73 1572 0 0 0.00010 DETROIT FOOD COMMONS LLC 1452 RANDOLPH ST SUITE 300 DETROIT MI 48226 862996339 LEVERAGE LENDER MI DEVELOP DETROIT INC LOAN INTEREST 190665 6943773 0 1 0.67000 DEVELOP DETROIT PROPERTIES INC 1452 RANDOLPH ST SUITE 300 DETROIT MI 48226 813693888 PROPERTY ACQUISITION AND REHABILITATION MI DEVELOP DETROIT INC C 433097 5614343 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 DEVELOP DETROIT PROPERTIES INC Q 1476214 FAIR VALUE DEV DETROIT 1346 GRATIOT LLC D 5305388 FAIR VALUE DREAMBUILDERS NONPROFIT HOUSING CORPORATION P 433942 FAIR VALUE