IDF PROMOTES A HIGHER QUALITY OF LIFE FOR DISTRESSED COMMUNITIES, PRIMARILY IN THE CITY OF DETROIT THROUGH ATTRACTING NEW INDUSTRY, ENCOURAGING THE DEVELOPMENT OF BUSINESS, HOUSING, TRANSPORTATION AND OTHER COMMUNITY RESOURCES. IDF PROVIDES LOANS AND FINANCIAL ASSISTANCE TO PROMOTE COMMUNITY DEVELOPMENT AND COMBAT COMMUNITY DETERIORATION AND ECONOMIC BLIGHT.
| Year | Grants | Total Giving | Avg Grant | New | Repeat |
|---|---|---|---|---|---|
| 2024 | 13 | $602K | $46K | 8 | 5 |
| 2023 | 14 | $1.1M | $81K | 10 | 4 |
| 2022 | 12 | $4.5M | $379K | 8 | 1 |
| 2020 | 100 | $3.0M | $30K | 96 | 4 |
| 2018 | 27 | $2.2M | $83K | 26 | 0 |
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024 | $32,419,547 ↑ | $22,165,504 | $144,471,919 |
| 2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023 | $29,564,845 ↑ | $14,291,075 | $136,365,387 |
| 2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022 | $24,220,233 ↓ | $16,790,775 | $121,110,056 |
| 2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020 | $36,635,285 ↑ | $12,609,786 | $124,273,191 |
| 2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018 | $21,050,521 | $10,564,484 | $67,397,451 |
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