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DETROIT DEVELOPMENT FUND
DETROIT DEVELOPMENT FUND
MI · Community Development · EIN 383322605
7
Executives Disclosed
$4.9M
Annual Revenue
$19.9M
Total Assets
1.1:1
Internal Pay Ratio
DETROIT DEVELOPMENT FUND has 7 executives with disclosed compensation. The highest-paid executive, Ray Waters (President), received peak total compensation of $243,942. The sector average for Community Development executives is $172K.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Ray Waters | President | $244K | $199K | 2016–2024 | 3.3x |
| John Schoeniger | Loan Fund Manager | $189K | $174K | 2016–2024 | 2.5x |
| Deborah Jones | VP of Operations | $179K | $179K | 2019–2024 | 2.4x |
| Elizabeth Freitas | Loan Portfolio Manager | $144K | $0 | 2018–2019 | 1.9x |
| Erin Grant | Director of DDF Microloan | $140K | $0 | 2022–2024 | 1.9x |
| Angelia Sharp | Senior Loan Officer | $139K | $0 | 2020–2024 | 1.9x |
| Steve Mondozzi | Chief Financial Officer | $138K | $0 | 2016–2023 | 1.8x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 3 | $185K | $196K | $369K |
| 2017 | 3 | $197K | $213K | $395K |
| 2018 | 4 | $201K | $213K | $401K |
| 2019 | 5 | $216K | $244K | $433K |
| 2020 | 5 | $163K | $170K | $327K |
| 2021 | 5 | $162K | $167K | $487K |
| 2022 | 6 | $166K | $176K | $497K |
| 2023 | 6 | $179K | $184K | $537K |
| 2024 | 5 | $184K | $199K | $551K |
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