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Nonprofit · EIN 38-2343764

I M DETROIT DISTRICT CREDIT UNION

Also known as 663 I M DETROIT DISTRICT C U

Tax-exempt · DETROIT, MI 48207

Financials

$63K$17K2023$80K$19K2024
Revenue Expenses · by fiscal year end
Financials of I M DETROIT DISTRICT CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$79,544$19,076$60,468$1,843,218$1,387,180$456,038
December 31, 2023990$63,461$16,941$46,520$1,623,320$1,227,750$395,570
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$25,368
Investment income
$54,176
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$1,623,320
Total assets, end of year
$1,843,218
Total liabilities, end of year
$1,387,180
Net assets, end of year
$456,038
Gross receipts
$79,544
Employees
0
Volunteers
10
Year formed
1957
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Clorine D ParkerFoundation Mgr.
Trustee or director, Officer
40$0
Kynita GradySecretary
Trustee or director
1$0
Kenneth L HollowellChairman
Trustee or director
1$0
Richard DixonDirector
Trustee or director
1$0
John F DoganDirector
Trustee or director
1$0
Dewitt McGowan JrDirector
Trustee or director
1$0
Debbie DickDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Clorine D ParkerFoundation Mgr.
Trustee or director, Officer
40$0
Kynita GradySecretary
Trustee or director
1$0
Kenneth L HollowellChairman
Trustee or director
1$0
Richard DixonDirector
Trustee or director
1$0
John F DoganDirector
Trustee or director
1$0
Dewitt McGowan JrDirector
Trustee or director
1$0
Debbie DickDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2101 GRATIOT AVE, DETROIT, MI 48207-2709
Principal officer (990 for 2024)
CLORINE PARKER
Signed the 990
KENNETH L HOLLOWELL, Chairman
Phone
(313) 259-5817
Return prepared by
FINANCIAL STANDARDS GROUP INC

Mission

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS

990 for the year ended December 31, 2024

Program accomplishments

  • THE CREDIT UNION PROVIDES SAVINGS DEPOSIT ACCOUNTS TO MEMBERS. THE TOTAL NUMBER OF MEMBERS AT 12/31/2024 WAS 46.
  • THE CREDIT UNION PROVIDES SECURED AND UNSECURED LOANS TO MEMBERS. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2024 WAS 1.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-2343764
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1956
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,843,218
Income (IRS master file)
$79,544

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$79,544$19,076$1,843,218IRS
990December 2023$63,461$16,941$1,623,320XML
990December 2022$36,261$15,303$1,547,371IRS
990December 2021$23,828$15,189$1,586,959IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 38-2343764).

Questions about I M DETROIT DISTRICT CREDIT UNION

What is the EIN of I M DETROIT DISTRICT CREDIT UNION?
The employer identification number (EIN) of I M DETROIT DISTRICT CREDIT UNION is 38-2343764.
Is I M DETROIT DISTRICT CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
Are donations to I M DETROIT DISTRICT CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does I M DETROIT DISTRICT CREDIT UNION 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 I M DETROIT DISTRICT CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did I M DETROIT DISTRICT CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of I M DETROIT DISTRICT CREDIT UNION?
The 990 for the year ended December 31, 2024 names CLORINE PARKER.
Who are the officers and directors of I M DETROIT DISTRICT CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does I M DETROIT DISTRICT CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $79,544, expenses of $19,076 and total assets of $1,843,218 at year end.

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