DOWNTOWN DETROIT PARTNERSHIP INC

EIN: 383436456 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$10,059,776
Total Expenses
$8,264,412
Total Assets
$7,493,759
Net Assets
$3,088,279
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MI
Principal Officer
ERIC B LARSON
Phone
3135668250
Tax Period
2023-01-01 to 2023-12-31

DOWNTOWN DETROIT PARTNERSHIP INC, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 18% operating margin.

Mission

TO ADVANCE DETROIT BY DRIVING ENGAGEMENT, DEVELOPMENT AND PROGRAMS THAT BENEFIT BUSINESSES, RESIDENTS AND VISITORS THROUGHOUT THE DOWNTOWNS'S URBAN CORE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,399,875
Program Service Revenue $2,650,660
Investment Income $9,241
Other Revenue $0
TOTAL REVENUE $10,059,776

Expense Breakdown

Grants Paid $112,500
Salaries & Benefits $1,573,796
Fundraising Expenses $243,920
Program Expenses $6,390,311
Other Expenses $6,578,116
TOTAL EXPENSES $8,264,412

Year-over-Year Comparison

2023 2022 Change
Revenue $10,059,776 $4,954,638 +1.0%
Expenses $8,264,412 $5,358,810 +0.5%
Net Income $1,795,364 $-404,172 -5.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
54
Independent Members
53
Employees
N/A
Volunteers
53

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
10
$1,365,882
Total Directors
56
$670,413
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC B LARSON CEO 36.00
Officer Director
$528,576 $22,145 $550,721
CARI EASTERDAY-KAR START 423 VICE PRESIDENT/CFO/ASST TREASURER 10.00
Officer Director
$0 $0 $119,692
CYNTHIA PASKY CHAIR 1.00
Officer Director
$0 $0 $0
DANIEL LOEPP VICE CHAIR 1.00
Officer Director
$0 $0 $0
MATTHEW CULLEN VICE CHAIR 1.00
Officer Director
$0 $0 $0
AMY SOLEK DIRECTOR 1.00
Director
$0 $0 $0
ANDRA RUSH DIRECTOR 1.00
Director
$0 $0 $0
ANDREW CANTOR DIRECTOR 1.00
Director
$0 $0 $0
ARN TELLUM DIRECTOR 1.00
Director
$0 $0 $0
BISHOP EDGAR VAN II DIRECTOR 1.00
Director
$0 $0 $0
CAMERON PIGGOTT DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER ILITCH DIRECTOR 1.00
Director
$0 $0 $0
CLAUDE BUD DENKER DIRECTOR 1.00
Director
$0 $0 $0
CONRAD MALLET JR DIRECTOR 1.00
Director
$0 $0 $0
DAN GILBERT DIRECTOR 1.00
Director
$0 $0 $0
DAVID EGNER DIRECTOR 1.00
Director
$0 $0 $0
DAVID FOLYTON DIRECTOR 1.00
Director
$0 $0 $0
DAVID GIRODAT DIRECTOR 1.00
Director
$0 $0 $0
DAVID MASSARON DIRECTOR 1.00
Director
$0 $0 $0
DAVID PARENT DIRECTOR 1.00
Director
$0 $0 $0
DAVID RUUD DIRECTOR 1.00
Director
$0 $0 $0
DR KIMBERLY ESPY START 923 DIRECTOR 1.00
Director
$0 $0 $0
ELIE TORGOW DIRECTOR 1.00
Director
$0 $0 $0
JAMES E WHITE DIRECTOR 1.00
Director
$0 $0 $0
JEFF LAMBERT DIRECTOR 1.00
Director
$0 $0 $0
JERRY NORCIA DIRECTOR 1.00
Director
$0 $0 $0
JOHN BLANCHARD DIRECTOR 1.00
Director
$0 $0 $0
KENNETH WAYWARD DIRECTOR 1.00
Director
$0 $0 $0
KEVIN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
KEVIN VOIGHT DIRECTOR 1.00
Director
$0 $0 $0
LATRICE MCCLENDON START 2023 DIRECTOR 1.00
Director
$0 $0 $0
LAURA GRANNEMANN DIRECTOR 1.00
Director
$0 $0 $0
MARK WALLACE DIRECTOR 1.00
Director
$0 $0 $0
MARVIN BEATTY DIRECTOR 1.00
Director
$0 $0 $0
MARY CULLER DIRECTOR 1.00
Director
$0 $0 $0
MICAHEL RICHIE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BEAUREGARD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BICKERS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MCLAUCHLAN DIRECTOR 1.00
Director
$0 $0 $0
PETER CUMMINGS DIRECTOR 1.00
Director
$0 $0 $0
PETER KELLET DIRECTOR 1.00
Director
$0 $0 $0
RIC DEVORE DIRECTOR 1.00
Director
$0 $0 $0
RICHARD RAPSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT RINEY DIRECTOR 1.00
Director
$0 $0 $0
RODNEY WOOD DIRECTOR 1.00
Director
$0 $0 $0
ROGER PENSKE DIRECTOR 1.00
Director
$0 $0 $0
RONALD GANTNER DIRECTOR 1.00
Director
$0 $0 $0
SANDY PIERCE DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN ROSS DIRECTOR 1.00
Director
$0 $0 $0
TERRAH OPFERMAN DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY NICHOLSON TREASURER 1.00
Director
$0 $0 $0
WARREN EVANS DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM CLAY FORD DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM KINGSLEY DIRECTOR 1.00
Director
$0 $0 $0
MELANCA CLARK END 1023 DIRECTOR 1.00
Director
$0 $0 $0
PAUL TRULIK END 323 TREASURER/SECRETARY 10.00
Officer Director
$0 $0 $0
GINA CAVILERE CHIEF COMMUNITY IMPACT OFFICER 1.00
Officer
$209,800 $46,542 $256,342
LILA ASANTE-APPIAH CHIEF ADMINISTRATIVE OFFICER 40.00
Officer
$153,778 $32,599 $186,377
DAVID COWAN CHIEF PUBLIC SPACES OFFICER 1.00
Officer
$137,826 $24,531 $162,357
ROBERT GREGORY END 723 SR. CONSULTANT STRATEGY & PUBLIC SPACES(END 3/23) 1.00
Officer
$0 $0 $90,393
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 No data No data No data No data
2023 $10,059,776 $8,264,412 $7,493,759 $1,795,364
2022 $4,954,638 $5,358,810 $3,938,361 $-404,172
2021 $4,022,133 $4,046,031 $2,747,709 $-23,898
2020 $3,538,037 $3,367,212 $2,934,097 $170,825
2019 $3,984,960 $4,408,210 $2,897,807 $-423,250
2018 $4,383,400 $4,417,244 $4,330,862 $-33,844
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