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Nonprofits›Prosperus Detroit Micro Lending

Community Improvement & Capacity Building

Prosperus Detroit Micro Lending

DETROIT, MI

Website View as a funder

Total revenue

$4.2M

Total expenses

$3.2M

Net assets

$4.1M

Grants received

$6.9M

34 grants

EIN

462997666

Tax year

2024

Mission

ProsperUs advances economic equity in under-resourced communities by supporting entrepreneurs with opportunities and capital needed to build businesses, generational wealth, and vibrant neighborhoods.

Financials

FY 2024

Revenue

Contributions & grants$3.9M

Program service revenue$213K

Investment income$4K

Other revenue—

Total revenue$4.2M

Expenses

Grants paid$470K

Salaries & benefits$1.6M

Fundraising$152K

Other expenses$1.1M

Total expenses$3.2M

Total assets$4.6M

Net assets$4.1M

People

11 listed

NameRoleCompensation

Paul Jones

CEO

Board

$196K

40 hrs/wk

Steve Tobocman

Director

Board

—

1 hrs/wk

Pierre Batton

Director

Board

—

1 hrs/wk

Steve Kosuda

Chairman

Board

—

1 hrs/wk

Don Jones

Director

Board

—

1 hrs/wk

Veronika Scott

Director

Board

—

1 hrs/wk

Kimberly Faison

Director

Board

—

1 hrs/wk

Chanell R Contreras

Director

Board

—

1 hrs/wk

Hector Hernandez

Director

Board

—

1 hrs/wk

Matthew Bihun

Manager

Staff

$114K

40 hrs/wk

Joanna Dueweke-Perez

Manager

Staff

$111K

40 hrs/wk

Grants received

Showing 34 of 34

FromAmountPurposeYear

COMMUNITY FOUNDATION FOR SOUTHEAST

$250K

COMMUNITY IMPROVEMENT & CAPACITY BUILDING

2024

THE RALPH C WILSON JR FOUNDATION

$200K

Affordable & Accessible Microloan Capital for LMI Business Owners

2024

LOCAL INITIATIVES SUPPORT CORPORATION

$130K

SEE PART IV

2024

THE FORD FOUNDATION

$50K

GENERAL SUPPORT

2024

ALLY CHARITABLE FOUNDATION

$20K

PROSPERUS DETROIT MICROLENDING PROOF OF CONCEPT

2024

BUILD FROM WITHIN ALLIANCE

$6K

LOAN GUARANTEE FOR EPIC INFANTS

2024

WK Kellogg Foundation

$375K

Jobs and Family Economic Security

2023

COMMUNITY FOUNDATION FOR SOUTHEAST

$292K

COMMUNITY IMPROVEMENT & CAPACITY BUILDING

2023

THE RALPH C WILSON JR FOUNDATION

$275K

TO CONTINUE TO GENERATE SMALL BUSINESS GROWTH AND NEIGHBORHOOD REVITALIZATION IN DETROIT, HAMTRAMCK AND HIGHLAND PARK.

2023

FORD MOTOR COMPANY FUND

$40K

FORD RESOURCES AND ENGAGEMENT CENTERS

2023

ALLY CHARITABLE FOUNDATION

$36K

PROSPERUS FINANCIAL COACHING FOR ENTREPRENEURS

2023

COMERICA CHARITABLE FOUNDATION

$15K

ProsperUs Detroit Micro Lending

2023

BUILD FROM WITHIN ALLIANCE

$10K

LOAN GUARANTEE FOR MG STUDIOS

2023

THE RALPH C WILSON JR FOUNDATION

$375K

TO SUPPORT SMALL BUSINESS GROWTH AND NEIGHBORHOOD REVITALIZATION

2022

WK Kellogg Foundation

$375K

provide general operating support to help the organization advance its mission of eliminating the racial gap through small business loans to excluded entrepreneurs

2022

COMMUNITY FOUNDATION FOR SOUTHEAST

$200K

COMMUNITY IMPROVEMENT & CAPACITY BUILDING PROGRAM

2022

THE GILBERT FAMILY FOUNDATION

$115K

CAPACITY BUILDING

2022

THE FORD FOUNDATION

$100K

GENERAL SUPPORT

2022

FORD MOTOR COMPANY FUND

$40K

FORD RESOURCES AND ENGAGEMENT CENTERS

2022

LOCAL INITIATIVES SUPPORT CORPORATION

$31K

SEE PART IV

2022

COMERICA CHARITABLE FOUNDATION

$15K

ProsperUS Detroit Micro Lending

2022

The Chicago Community Trust

$300K

Support of entrepreneurs and small business development in neighborhoods across Detroit through entrepreneurship training, financial coaching, technical assistance and micro-lending.

2021

The Chicago Community Trust

$300K

Support of entrepreneurs and small business development in neighborhoods across Detroit through entrepreneurship training, financial coaching, technical assistance and micro-lending.

2021

WK Kellogg Foundation

$250K

provide general operating support to help the organization advance its mission of eliminating the racial gap through small business loans to excluded entrepreneurs

2021

JPMORGAN CHASE FOUNDATION

$200K

IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

2021

The Bank of America Charitable Foundation Inc

$40K

OPERATIONAL SUPPORT

2021

SOUTHWEST ECONOMIC SOLUTIONS INC

$705K

MICRO LENDING