Prosperus Detroit Micro-Lending

Prosperus Detroit Micro-Lending is a Detroit, Michigan-based nonprofit organization situated at 684 W Baltimore St 101. Their primary mission is to foster economic equity in underprivileged communities by providing entrepreneurs with the necessary resources and capital to establish thriving businesses and generate wealth for future generations. In 2022, they disbursed over $900,000 in microloans, supporting a multitude of ventures. Additionally, ProsperUs offers business development training courses, personal financial coaching, and facilitates various business service projects, helping 115 entrepreneurs, 21 individuals, and 162 businesses, respectively. The nonprofit's activities are geared towards creating vibrant and revitalized neighborhoods. With a team of 14 dedicated employees, ProsperUs is committed to making a positive impact on Detroit's under-resourced communities.

Prosperus Detroit Micro-Lending is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prosperus Detroit Micro-Lending submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $193,619
Professional Fundraising Fees: $0
Other Salaries and Wages: $619,093

For more financial information, click here

ProsperUs, an organization dedicated to economic equality, supports entrepreneurs in under-resourced communities by providing them with essential opportunities and capital. Their mission is to assist these entrepreneurs in establishing businesses, fostering generational wealth, and revitalizing neighborhoods. In 2022, ProsperUs disbursed over $900,000 in microloans, and offered business development training classes to 115 entrepreneurs, as well as personal financial coaching to 21 individuals. Furthermore, they facilitated 162 business service projects to help these entrepreneurs succeed.

Chanell Scott Contreras is the Chairman of Prosperus Detroit Micro-Lending.

Prosperus Detroit Micro-Lending's revenue in 2022 was $3,302,099.

The average compensation at Prosperus Detroit Micro-Lending during 2022 was $58,051. There are 14 employees and 8 volunteers at Prosperus Detroit Micro-Lending.

Here are 9 key members and their salaries:

The Prosperus Detroit Micro-Lending’s most recent form 990 was submitted in 2022 and can be accessed here