Organizations Filed Purposes:
SEE PAGE 1, QUESTION 1
DEVELOP DETROIT, INC. IS A NONPROFIT COMMUNITY DEVELOPMENT FIRM FOCUSED ON PROVIDING AFFORDABLE AND MIXED INCOME HOUSING, AS WELL ASSTRATEGIC ECONOMIC AND COMMERCIAL DEVELOPMENT THAT WILL HELP STABILIZE AND TRANSFORM DISINVESTED NEIGHBORHOODS. DDI RENOVATES ANDREDEVELOPS PROPERTIES INTO HIGH QUALITY, INCLUSIVE HOUSING THAT IS WELL-DESIGNED AND ACCESSIBLE TO A BROAD RANGE OF DETROITERS. THE FIRMDEVELOPS ACROSS A WIDE RANGE OF REAL ESTATE PROJECT TYPES, INCLUDING SINGLE-FAMILY REHABILITATION AND INFILL AND MULTI- FAMILY PRESERVATION.
REAL ESTATE DEVELOPMENT- DURING THE FALL OF 2018, DEVELOP DETROIT PURCHASED CONTROLLING INTEREST IN THE UNIVERSITY MEADOWS APARTMENTS, A 53-UNIT LOW-INCOME, SENIOR CITIZEN RENTAL HOUSING COMMUNITY. UNIVERSITY MEADOWS IS LOCATED IN DETROIT'S HISTORIC WOODBRIDGE NEIGHBORHOOD. THEDEVELOPMENT PLAN FOR UNIVERSITY MEADOWS INCLUDES THE RENOVATION OF THE EXISITNG BUILDING AND THE ADDITION OF NEWLY CONSTRUCTED RETAIL SPACEAND MIXED INCOME APARTMENTS. THE FINAL DEVELOPMENT WILL SERVE AS AN ANCHOR TO SUBSEQUENT INCREMENTAL HOUSING AND RETAIL INVESTMENTS IN THEAREA. RENOVATIONS AND NEW CONSTRUCTION BEGAN IN 2019 AND IS EXPECTED TO BE COMPLETED IN 2020.REAL ESTATE DEVELOPMENT DURING OCTOBER 2019, DEVELOP DETROIT EARNED AN ACQUISITION FEE FROM THE SALE AND START OF DEVELOPMENT ACTIVITIES FORUNIVERSITY MEADOWS 1. THE DEVELOPMENT IS ANTICIPATED TO TAKE ONE YEAR TO DEVELOP AND EARN THE REMAINING DEVELOPER FEE. THERE ARE OTHER PARCELSWHICH WILL ALSO BE DEVELOPED IN FUTURE YEARS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Sonya Mays | PRESIDENT & CEO | 40 | $270,762 |
| Ben Phillips | VP REAL ESTATE, NON VOTING | 40 | $228,275 |
| Sean White | DIRECTOR OF FUND DEVELOPME | 40 | $118,000 |
| Melissa Worden | MEMBER | 3 | $0 |
| Rick Haller | MEMBER | 3 | $0 |
| Gwen Butler | MEMBER | 3 | $0 |
| Dennis Archer Jr | MEMBER | 3 | $0 |
| Dan Varner | MEMBER | 3 | $0 |
| Will Smith | TREASURER | 6 | $0 |
| Jason Paulateer | MEMBER | 6 | $0 |
| Kate Kohn-Parrott | SECRETARY | 6 | $0 |
| Sherrie Farrell | CHAIR | 12 | $0 |
| Thomas Bledsoe | MEMBER | 6 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202002139349300900_public.xml