Nonprofit · EIN 87-3844803
DFC QALICB INC
Tax-exempt · DETROIT, MI 48226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $429,787 | $915,487 | -$485,700 | $20,398,961 | $18,285,062 | $2,113,899 |
| December 31, 2024 | 990 | $1,996,431 | $663,809 | $1,332,622 | $21,077,915 | $18,478,316 | $2,599,599 |
| December 31, 2023 | 990 | $678,572 | $12,715 | $665,857 | $22,271,877 | $21,004,900 | $1,266,977 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $410,904
- Investment income
- $18,883
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $800
- Accounting fees
- $8,369
- Depreciation
- $534,756
- Program services (functional)
- $915,487
Balance sheet and other
- Total assets, start of year
- $21,077,915
- Total assets, end of year
- $20,398,961
- Total liabilities, end of year
- $18,285,062
- Net assets, end of year
- $2,113,899
- Land, buildings and equipment
- $18,843,691
- Net assets without donor restrictions
- $2,113,899
- Gross receipts
- $429,787
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SONYA MAYS | PRESIDENT & CEO Trustee or director, Officer | 0.25 | $0 | $247,500 | $33,759 |
| CRAIG WILLIAN | SECRETARY Trustee or director, Officer | 0.25 | $0 | $185,000 | $33,833 |
| MARK MEIER | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $160,000 | $29,044 |
| MALIK YAKINI | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| MEREDITH FREEMAN | VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| WAYBON DEWAYNE WELLS | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SONYA MAYS | PRESIDENT & CEO Trustee or director, Officer | 0.25 | $0 | $251,323 | $41,444 |
| CRAIG WILLIAN | SECRETARY Trustee or director, Officer | 0.25 | $0 | $180,689 | $34,643 |
| MALIK YAKINI | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| MEREDITH FREEMAN | VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| WAYBON DEWAYNE WELLS | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SONYA MAYS | PRESIDENT & CEO Trustee or director, Officer | 0.25 | $0 | $273,349 | $44,834 |
| CRAIG WILLIAN | SECRETARY Trustee or director, Officer | 0.25 | $0 | $194,851 | $37,470 |
| MALIK YAKINI | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| MEREDITH FREEMAN | VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| WAYBON DEWAYNE WELLS | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1452 RANDOLPH ST STE 300, DETROIT, MI 48226-2284
- In care of
- % SONYA MAYS
- Principal officer (990 for 2025)
- SONYA MAYS, 1452 RANDOLPH STREET 300, DETROIT, MI 48226
- Signed the 990
- SONYA MAYS, PRESIDENT & CEO
- Phone
- (313) 960-7700
- Website
- WWW.DEVELOPDETROIT.ORG
- Return prepared by
- AAFCPAS INC
Mission
DFC QALICB, INC. (DFC QALICB) IS A MICHIGAN NONPROFIT CORPORATION FORMED FOR THE PURPOSE OF HOLDING REAL ESTATE RELATED TO THE FOOD COMMONS PROJECT.
Program accomplishments
- DFC QALICB, INC. (DFC QALICB) IS A MICHIGAN NONPROFIT CORPORATION FORMED FOR THE PURPOSE OF HOLDING REAL ESTATE RELATED TO THE FOOD COMMONS PROJECT.Expenses $915,487 · revenue $410,904
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
- 87-3844803
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $20,398,961
- Income (IRS master file)
- $429,787
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $429,787 | $915,487 | $20,398,961 | XML |
| 990 | December 2024 | $1,996,431 | $663,809 | $21,077,915 | XML |
| 990 | December 2023 | $678,572 | $12,715 | $22,271,877 | XML |
| 990 | December 2022 | $601,955 | $835 | $20,740,248 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 87-3844803).
Questions about DFC QALICB INC
- What is the EIN of DFC QALICB INC?
- The employer identification number (EIN) of DFC QALICB INC is 87-3844803.
- Is DFC QALICB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to DFC QALICB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does DFC QALICB INC 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 DFC QALICB INC 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 DFC QALICB INC 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 DFC QALICB INC?
- The 990 for the year ended December 31, 2025 names SONYA MAYS.
- Who are the officers and directors of DFC QALICB INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does DFC QALICB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $429,787, expenses of $915,487 and total assets of $20,398,961 at year end.
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All nonprofits in DETROIT · Michigan · Community improvement and capacity building