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Wayne County-Detroit Cde INC

Tax-deductible

Detroit, MI501(c)(3)Since 2003Community DevelopmentEIN 75-3127612Revenue $3K in FY2025

On file with the IRS500 Griswold, 48226-3480 · Detroit, MITax-exempt since Sep 2006Supporting organization — 509(a)(3)

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To provide for the revitalization of low income communities by creating community, economic and service programs which will assist in the redevelopment of low income neighborhoods and communities, by attracting private and/or public investors which will rebuild neighborhoods and create jobs to benefit thse low income communities and/or low individuals in Wayne County, Detroit michigan, this will be accomplished by facilitating and distributing investment capital to low income community redevelopment projects.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $108K a year · 41% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2918 mo
of spending, in cash
Looks good: 2917.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3K
+66% vs prior year
Spent
$19K
To programs
100%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$3K
FY2025▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2020$671K
FY2021$730K
FY2022$154K
FY2023$10K
FY2024$2K
FY2025$3K
Expenses
$19K
FY2025▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$82K
FY2021$491K
FY2022$263K
FY2023$40K
FY2024$30K
FY2025$19K
Net assets
$2.6M
FY2025▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$2.6M
FY2023$2.6M
FY2024$2.6M
FY2025$2.6M

From the FY2025 Form 990 (year ending August 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $19K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Hassan Sheikh
Executive Di
$0Pt VII · Sec A
Mathieu Dube
Treasurer
$0Pt VII · Sec A
Yogesh Gusani
Board Member
$0Pt VII · Sec A
June Lee
Chairman
$0Pt VII · Sec A
Eva Dewaelsche
Board Member
$0Pt VII · Sec A
Byna Elliott
Board Member
$0Pt VII · Sec A
Renee Kent
Board Member
$0Pt VII · Sec A
Mary Seaberg King
Board Member
$0Pt VII · Sec A
See Wayne County-Detroit Cde INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Revitalizes low-income communities by attracting investors to rebuild neighborhoods.

Questions for Wayne County-Detroit Cde INC

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Provided by the organization

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1 program · $19K · in their own filed words · FY2024
01

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.

$19Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Ilitch Charities INCFY2022$33K
Total grants receivedfrom 1 funder$33K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3K
Ln 12
Other incomeLn 4–11$2K
Investment incomeLn 3$1K
Money outPt IX
$19K
Ln 25
Programscol B$19K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$4.6M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1K
Other incomeLn 4–11$2K
Total revenueLn 12$3K
Assets in detailPt X, end of year
CashLn 1$4.6M
Cash and savings togetherLn 1–2$4.6M
Total assetsLn 16$4.6M
LiabilitiesLn 26$2.0M
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.6M$4.6M
Total assetsLn 16$4.6M$4.6M
LiabilitiesLn 26$2.0M$2.0M
Net assetsLn 32$2.6M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$7K$7K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$19K$19K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3K$19K−$15K$2.6M 990 PDF
FY2024 $2K$30K−$28K$2.6M 990 PDF
FY2023 $10K$40K−$29K$2.6M 990 PDF
FY2022 $154K$263K−$109K$2.6M 990 PDF
FY2021 $730K$491K$239K$2.7M 990 PDF
FY2020 $671K$82K$589K$2.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $3,469 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,305$1,305
I-11 Other revenuePrior year $779$2,164
I-12 Total revenuePrior year $2,084$3,469
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $30,373$18,829
I-18 Total expensesPrior year $30,373$18,829
I-19 Revenue less expensesPrior year −$28,289−$15,360
Part VI · Governance 6 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,469 across 3 lines filed
VIII-3 Investment incomeRelated to mission $1,305$1,305
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,164$2,164
VIII-12 Total revenueRelated to mission $3,469$3,469
Part IX · Statement of functional expenses $18,829 across 3 lines filed
IX-11c Accounting feesPrograms $6,250$6,250
IX-11g Other fees for servicesPrograms $7,075$7,075
IX-24 Other expenses (24a–d)Programs $5,504$5,504
IX-25 Total functional expensesPrograms $18,829 · Management $0 · Fundraising $0$18,829
Part X · Balance sheet $4,579,135 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $4,611,346$4,578,027
X-9 Prepaid expenses and deferred chargesStart of year $1,108$1,108
X-16 Total assetsStart of year $4,618,170$4,579,135
X-17 Accounts payable and accrued expensesStart of year $25,265$1,590
X-25 Other liabilitiesStart of year $2,011,300$2,011,300
X-26 Total liabilitiesStart of year $2,036,565$2,012,890
X-27 Net assets without donor restrictionsStart of year $2,581,605$2,566,245
X-32 Total net assets or fund balancesStart of year $2,581,605$2,566,245
X-33 Total liabilities and net assetsStart of year $4,618,170$4,579,135
Part XI · Reconciliation of net assets $2,566,245 net assets at year end
XI-1 Total revenue$3,469
XI-2 Total expenses$18,829
XI-3 Revenue less expenses−$15,360
XI-4 Net assets at start of year$2,581,605
XI-10 Net assets at end of year$2,566,245

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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