AI Summary
WAYNE COUNTY-DETROIT CDE INC is a nonprofit organization focused on community and economic development, specifically aimed at revitalizing low-income communities through the administration of the Federal New Markets Tax Credit Program. With an operating budget of $30.4K and total revenue of $2.1K for the filing year 2024, the organization is significantly supported by a top funder contributing $2.4M, indicating a reliance on a single source for a substantial portion of its funding. The organization operates primarily in Wayne County, Michigan, working to attract private and public investors to rebuild neighborhoods.
Mission Statement
ESTABLISHED TO ADMINISTER THE FEDERAL NEW MARKETS TAX CREDIT PROGRAM FOR THE PURPOSE OF REVITALIZING LOW INCOME COMMUNITIES BY ATTRACTING PRIVATE AND/OR PUBLIC INVESTORS WHO WILL REBUILD NEIGHBORHOODS.
Cause Areas
1
Community and economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
ILITCH CHARITIES INC
$2.4M
19%
Frequently Asked Questions
What is WAYNE COUNTY-DETROIT CDE INC’s budget?
In 2024, WAYNE COUNTY-DETROIT CDE INC reported an annual operating budget of around $30 thousand. More detailed financial information is available to registered users.
What causes does WAYNE COUNTY-DETROIT CDE INC support?
WAYNE COUNTY-DETROIT CDE INC supports work in Community and economic development.
Where does WAYNE COUNTY-DETROIT CDE INC operate?
WAYNE COUNTY-DETROIT CDE INC is headquartered in Detroit, MI.
Who funded WAYNE COUNTY-DETROIT CDE INC recently?
In 2022, WAYNE COUNTY-DETROIT CDE INC received grants from ILITCH CHARITIES INC and ILITCH CHARITIES INC. More information on this organization’s funders is available to registered users.
What is the largest grant WAYNE COUNTY-DETROIT CDE INC received in 2022?
The largest grant to WAYNE COUNTY-DETROIT CDE INC in 2022 exceeds $33 thousand.