INVEST DETROIT CDE

EIN: 264008431 Community Improvement

DETROIT, MI

Total Revenue
$1,818,792
Total Expenses
$1,299,862
Total Assets
$4,882,430
Net Assets
$4,788,832
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MI
Principal Officer
DAVID BLASZKIEWICZ
Phone
3132596368
Tax Period
2024-01-01 to 2024-12-31

INVEST DETROIT CDE, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $519K, a strong 29% operating margin.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,650,782
Investment Income $43,268
Other Revenue $124,742
TOTAL REVENUE $1,818,792

Expense Breakdown

Grants Paid $0
Salaries & Benefits $504,631
Fundraising Expenses $0
Program Expenses $751,657
Other Expenses $795,231
TOTAL EXPENSES $1,299,862

Year-over-Year Comparison

2024 2023 Change
Revenue $1,818,792 $1,142,564 +0.6%
Expenses $1,299,862 $1,196,263 +0.1%
Net Income $518,930 $-53,699 -10.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
5

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$797,645
Total Directors
8
$810,953
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BLASZKIEWICZ PRESIDENT & CEO 10.00
Officer Director
$0 $51,029 $505,334
KENITA HARRIS LIC REPRESENTATIVE 0.50
Director
$0 $0 $0
KENYETTA BRIDGES LIC REPRESENTATIVE - PART YEAR 0.50
Director
$0 $0 $0
CAMILLE WALKER BANKS LIC REPRESENTATIVE - PART YEAR 0.50
Director
$0 $0 $0
KEONA COWAN CHAIRMAN 10.00
Director
$0 $43,909 $305,619
RICHARD HOSEY LIC REPRESENTATIVE 0.50
Director
$0 $0 $0
DAVID HOWELL LIC REPRESENTATIVE 0.50
Director
$0 $0 $0
DONALD RENCHER LIC REPRESENTATIVE 0.50
Director
$0 $0 $0
CARRIE LEWAND-MONROE CHIEF OPERATING OFFICER 10.00
Officer
$0 $27,102 $292,311
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,818,792 $1,299,862 $4,882,430 $518,930
2023 $1,142,564 $1,196,263 $4,575,773 $-53,699
2022 $153,307 $280,479 $4,395,199 $-127,172
2021 $758,296 $751,424 $4,555,871 $6,872
2020 $656,877 $674,240 $4,506,401 $-17,363
2019 $800,136 $723,771 $4,497,993 $76,365
2018 $3,256,083 $670,247 $3,885,647 $2,585,836
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