2024-07-26T14:07:28-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 873844803 DFC QALICB INC DFCQ 3139607700 1452 RANDOLPH STREET 300 DETROIT MI 48226 SONYA MAYS PRESIDENT & CEO 3139607700 2024-07-23 1 0 ANDREW R PURICELLI CPA P01633436 5083669100 2024-07-23 2023 2024-08-08 14:25:15Z SONYA MAYS 1452 RANDOLPH STREET 300 DETROIT MI 48226 678572 0 X WWW.DEVELOPDETROIT.ORG X 2021 MI DFC QALICB, INC. (DFC QALICB) IS A MICHIGAN NONPROFIT CORPORATION FORMED FOR THE PURPOSE OF HOLDING REAL ESTATE RELATED TO THE FOOD COMMONS PROJECT. 5 3 0 3 0 0 577525 640000 0 0 24430 38572 0 0 601955 678572 0 0 0 0 0 0 0 0 0 835 12715 835 12715 601120 665857 20740248 22271877 20139128 21004900 601120 1266977 DFC QALICB, INC. (DFC QALICB) IS A MICHIGAN NONPROFIT CORPORATION FORMED FOR THE PURPOSE OF HOLDING REAL ESTATE RELATED TO THE FOOD COMMONS PROJECT. 0 0 12715 DFC QALICB, INC. (DFC QALICB) IS A MICHIGAN NONPROFIT CORPORATION FORMED FOR THE PURPOSE OF HOLDING REAL ESTATE RELATED TO THE FOOD COMMONS PROJECT. 12715 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MI X MARK MEIER CFO 3139607700 1452 RANDOLPH STREET 300 DETROIT MI 48226 SONYA MAYS PRESIDENT & CEO 0.25 39.75 X X 0 273349 44834 CRAIG WILLIAN SECRETARY 0.25 39.75 X X 0 194851 37470 MALIK YAKINI CHAIR 0.25 X X 0 0 0 MEREDITH FREEMAN VICE CHAIR 0.25 X X 0 0 0 WAYBON DEWAYNE WELLS TREASURER 0.25 X X 0 0 0 0 468200 82304 0 0 1 0 0 640000 640000 38572 38572 678572 0 0 38572 3850 3850 7792 7792 MISCELLANEOUS 1073 1073 12715 12715 0 0 574612 924743 12447668 1925119 7717968 19422015 20740248 22271877 1347111 1924901 18760947 18760947 31070 319052 20139128 21004900 X 601120 1266977 601120 1266977 20740248 22271877 665857 0 X X 0 1 X 1 0 X X X 1 DEVELOP DETROIT INC 811368616 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PROJECTS UNDER DEVELOPMENT 19040221 RIGHT-OF-USE ASSET - FINANCING LEASE 381794 19422015 DUE TO AFFILIATES 319052 319052 X PART X, LINE 2: THE AGENCY ACCOUNTS FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AGENCY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2023. HOWEVER, THE AGENCY'S INFORMATION AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. 0 0 0 0 0 0 0 0 0 SONYA MAYS PRESIDENT & CEO 0 273349 0 0 0 0 0 20154 0 24680 0 318183 0 0 CRAIG WILLIAN SECRETARY 0 194851 0 0 0 0 0 9743 0 27727 0 232321 0 0 PART I, LINE 3 THE BOARD OF DEVELOP DETROIT, INC. HAS INSTITUTED A FORMAL BOARD PROCESS FOR CEO PERFORMANCE AND COMPENSATION WHICH THE BOARD WILL FORMALLY APPROVE THE CEO SALARY. THE CEO REVIEWS THE COMPENSATION FOR ALL SENIOR STAFF. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HOLD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C POSSIBLE CONFLICTS OF INTEREST ARE REVIEWED AND ARE NOTED AS NECESSARY AT BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION BY THE PUBLIC AT THE ORGANIZATION'S OFFICES DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C: THE SELECTION OF THE INDEPENDENT AUDITOR AND THE AUDIT PROCESS ARE MONITORED BY THE FULL BOARD OF DIRECTORS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DEVELOP DETROIT INC 1452 RANDOLPH STREET SUITE 300 DETROIT MI 48226 811368616 COMMUNITY DEVELOPMENT MI 501(C)(3) LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0