Nonprofit · EIN 20-5654069
CORKTOWN BOMMUNITY DEVELOPMENT FUND
Tax-exempt · DETROIT, MI 48216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $50,198 | $26,817 | $23,381 | $2,399,906 | $0 | $2,399,906 |
| December 31, 2024 | 990 | $38,777 | $25,691 | $13,086 | $2,376,525 | $0 | $2,376,525 |
| December 31, 2023 | 990 | $48,054 | $28,365 | $19,689 | $2,363,439 | $0 | $2,363,439 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $50,198
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $20,000
- Salaries, compensation and benefits (total)
- $20,000
- Professional fundraising fees
- $0
- Accounting fees
- $2,817
- Program services (functional)
- $24,000
- Management and general (functional)
- $2,817
Balance sheet and other
- Total assets, start of year
- $2,376,525
- Total assets, end of year
- $2,399,906
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,399,906
- Net assets without donor restrictions
- $2,399,906
- Gross receipts
- $50,198
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD COOLEY | TREASURER/SE Trustee or director | 10 | $12,000 |
| RYAN COOLEY | PRESIDENT Officer | 5 | $8,000 |
| PHILLIP COOLEY | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD COOLEY | TREASURER/SE Trustee or director | 10 | $12,000 |
| PHILLIP COOLEY | DIRECTOR Trustee or director | – | $0 |
| RYAN COOLEY | PRESIDENT Officer | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD COOLEY | TREASURER/SE Trustee or director | 20 | $12,000 |
| RYAN COOLEY | PRESIDENT Officer | 15 | $4,000 |
| PHILLIP COOLEY | DIRECTOR Trustee or director | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 2122 MICHIGAN AVE, DETROIT, MI 48216-1305
- In care of
- % DAVID C DEVENDORF
- Principal officer (990 for 2025)
- RONALD COOLEY, 2122 MICHIGAN AVENUE, DETROIT, MI 48216
- Signed the 990
- RONALD COOLEY, TREASURER/SECRETARY
- Phone
- (313) 963-9891
- Website
- GUIDESTAR.ORG
- Return prepared by
- AUSTIN NIESTER SCHWEIHOFER & FINNEGAN
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.
Program accomplishments
- THE ORGANIZATION WILL PROVIDE LENDING TO ELIGIBLE INDIVIDUALS AND SMALL BUSINESSES AT REDUCED RATES AND AT FLEXIBLE TERMS. IN ADDITION, THE ORGANIZATION PROVIDES EDUCATION TO THE BORROWER, SUCH AS HOME OWNERSHIP CLASSES, BUSINESS PLAN PREPARATION COURSES AND DEBT ELIMINATION CLASSES IN CONJUNCTION WITH VARIOUS LOCAL ORGANIZATIONS.Expenses $24,000 · revenue $50,198
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5654069
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $2,399,906
- Income (IRS master file)
- $50,198
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $50,198 | $26,817 | $2,399,906 | XML |
| 990 | December 2024 | $38,777 | $25,691 | $2,376,525 | XML |
| 990 | December 2023 | $48,054 | $28,365 | $2,363,439 | XML |
| 990 | December 2022 | $14,310 | $56,028 | $2,343,750 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5654069).
Questions about CORKTOWN BOMMUNITY DEVELOPMENT FUND
- What is the EIN of CORKTOWN BOMMUNITY DEVELOPMENT FUND?
- The employer identification number (EIN) of CORKTOWN BOMMUNITY DEVELOPMENT FUND is 20-5654069.
- Is CORKTOWN BOMMUNITY DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to CORKTOWN BOMMUNITY DEVELOPMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORKTOWN BOMMUNITY DEVELOPMENT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORKTOWN BOMMUNITY DEVELOPMENT FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORKTOWN BOMMUNITY DEVELOPMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CORKTOWN BOMMUNITY DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 names RONALD COOLEY.
- Who are the officers and directors of CORKTOWN BOMMUNITY DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $12,000 (RONALD COOLEY, TREASURER/SE).
- How much revenue does CORKTOWN BOMMUNITY DEVELOPMENT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $50,198, expenses of $26,817 and total assets of $2,399,906 at year end.
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