This organization files Form 990, which has no section for application policy. Its filings cannot say either way.
The latest filing we hold carries no statement about applications. That is not the same as closed: public-charity Form 990s have no field for it, and many foundations leave the section blank.
Grants paid by year
Total assets by year
Where the money went · FY2024
Form 990 splits expenses into program services, management and fundraising. The split is self-reported, and a grantmaker, a research institute and a direct-service nonprofit book the same work differently. A line the return does not carry reads "not available"; it is never counted as zero.
| Year | Form | Revenue | Expenses | Grants paid | Assets | Net assets |
|---|---|---|---|---|---|---|
| FY2024 | 990 | $3,386,689 | $3,726,646 | $0 | $1,715,831 | $1,173,379 |
| FY2023 | 990 | $2,916,697 | $3,179,339 | $0 | $1,904,747 | $1,513,336 |
| FY2022 | 990 | $3,255,940 | $2,830,064 | $20,000 | $1,852,921 | $1,775,978 |
| FY2021 | 990 | $3,561,883 | $3,429,484 | $858,237 | $1,547,756 | $1,350,102 |
| FY2020amended | 990 | $4,213,610 | $4,703,249 | $1,125,348 | $1,711,197 | −$186,953 |
| FY2019amended | 990 | $4,803,129 | $5,004,319 | $1,246,606 | $1,808,571 | $302,686 |
Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.
Recipient focus areas
Where recipients are
Based on the 100% of grant rows we could match to an organization record. The rest stay as reported. The IRS assigns the NTEE category when it grants exemption. It often reflects the original filing, not today's giving.
| Recipient | Purpose | Amount | Year | Source |
|---|---|---|---|---|
| PROSPERUS DETROIT MICROLENDINGDETROIT, MI | MICRO LENDING | $705,247 | 2021 | |
Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sean De Four | PRESIDENT & CEO | 3.75 | $0 |
| Michelle R Sherman | COO & CFO | 1.88 | $0 |
| Hector Hernandez | EXECUTIVE DIRECTOR - MIWEALTH | 35.50 | $183,523 |
| Karen Goven | DIRECTOR OF WORKFORCE DEVELOPMENT |
From the officer list on the latest e-filed return. Compensation is as reported there; a blank means the return carries no figure.
| FLAGSTAR AD JP MORGAN CHASE FUNDS FOR MICROLOAN CAPITAL FUND |
| $540,000 |
| 2020 |
| PROSPERUS DETROIT MICROLENDINGDETROIT, MI | FLAGSTAR AD JP MORGAN CHASE FUNDS FOR MICROLOAN CAPITAL FUND | $450,000 | 2019 |
| FOCUS HOPEDETROIT, MI | WORKFORCE DEVELOPMENT PARTNERSHIP | $286,606 | 2019 |
| SOUTHWEST SOLUTIONS INCDETROIT, MI | TRANSFERRED TO SWS TO PAY DC PALMER VENDOR EXPENSES RELATED TO THE ECC STRATEGIC PLAN. | $20,000 | 2022 |
| SOUTHWEST COUNSELING SOLUTIONSDETROIT, MI | SUPPORT GENERAL OPERATIONS | $10,000 | 2019 |
| 37.50 |
| $102,451 |
| Naheed Huq | CHAIR | 0.25 | $0 |
| Claire Liening | VICE CHAIR | 0.25 | $0 |
| Akil Alvin | DIRECTOR | 0.25 | $0 |
| Angela Baldwin | DIRECTOR | 0.25 | $0 |
| Cheryl Munday | DIRECTOR | 0.25 | $0 |
| Dan Martinez | DIRECTOR | 0.25 | $0 |
| Don Jones | DIRECTOR | 0.25 | $0 |
| Eric Dorsey | DIRECTOR | 0.25 | $0 |
| Michael Wendt | DIRECTOR | 0.25 | $0 |
| Patrick Brown | DIRECTOR | 0.25 | $0 |
| Stephan Vivitsky | DIRECTOR | 0.25 | $0 |
Nearest by size, location and giving pattern in the database. Geography weighs heavily. Treat it as a starting list, not a ranking of fit.
Form 990 · FY2023 · period ending Sep 30, 2023IRS bulk XML
Filing id 202412289349301446
Form 990 · FY2022 · period ending Sep 30, 2022
Filing id 202332279349305013
Form 990 · FY2021 · period ending Sep 30, 2021
Filing id 202222279349304377
Form 990 · FY2020 · period ending Sep 30, 2020 · amended
Filing id 202230829349301703
Form 990 · FY2019 · period ending Sep 30, 2019 · amended
Filing id 202142169349301669
Form 990 · FY2018 · period ending Sep 30, 2018
Filing id 201902279349302015
Form 990 · FY2017 · period ending Sep 30, 2017
Filing id 201842279349302844
Form 990 · FY2016 · period ending Sep 30, 2016
Filing id 201702279349302280
IRS filings are the source for every fact on this page. Nothing a model writes is ever a source; it can only point at a row here.