NonprofitsCorktown Bommunity Development Fund

Community Improvement & Capacity Building

Corktown Bommunity Development Fund

DETROIT, MI

Total revenue

$39K

Total expenses

$26K

Net assets

$2.4M

Grants received

EIN

205654069

Tax year

2024

Mission

The organization's purpose is the revitalization of economically distressed communities, in particular, the western area of detroit, mi known as corktown. The organization will provide lending to eligible individuals and small businesses at reduced rates and at flexible terms. In addition, we will provide education to the borrower, such as home ownership classes, business plan preparation courses and debt elimination classes in conjunction with various local organizations.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$39K
Investment income
Other revenue
Total revenue$39K

Expenses

Grants paid
Salaries & benefits$12K
Fundraising
Other expenses$14K
Total expenses$26K
Total assets$2.4M
Net assets$2.4M

People

3 listed

NameRoleCompensation

RONALD COOLEY

TREASURER/SE

Board

$12K

10 hrs/wk

PHILLIP COOLEY

DIRECTOR

Board

RYAN COOLEY

PRESIDENT

Board

5 hrs/wk

Details

EIN205654069
NTEE codeS31
Subsection03
Ruling date2008-01
Formed2006
Employees0
CORKTOWN BOMMUNITY DEVELOPMENT FUND — Mission, Financials & Grants Received | Grantivo