Community Improvement · MI
Detroit Development Fund
Detroit Development Fund reported paying Ray Waters, President, $198,516 in total compensation (FY 2024).
That places Ray Waters at approximately the 45th percentile among 20 similarly sized community improvement nonprofits (median $206,228).
$4,914,508Total revenue (FY 2024)
$198,516Total executive compensation
45thPercentile vs. peers
Setting executive pay for this board?
Generate a board-ready comparability report for Detroit Development Fund — named comparables, percentiles, methodology, and the 26 CFR 53.4958-6 minutes language a board can use toward the rebuttable presumption.
Build the comparability report →Comparable community improvement nonprofits
Compensation is normalized to MI cost of living (BEA Regional Price Parities); each organization's reported figure is on its linked 990.
| Organization | State | Revenue | Total comp |
|---|---|---|---|
| Washington State Microenterprise | WA | $5,015,470 | $103,716 |
| Camelback Ventures | ID | $4,706,374 | $285,350 |
| Metropolitan Consortium Of Community | MN | $4,628,278 | $184,703 |
| Pacific Coast Regional Small Business | CA | $5,226,434 | $196,747 |
| Black Girl Ventures Foundation | VA | $4,539,358 | $205,248 |
| Community Development Resources | NE | $4,436,242 | $170,766 |
| Small Business Majority Foundation Inc | DC | $5,565,308 | $304,070 |
| The Michigan Women's Foundation | MI | $4,227,695 | $266,782 |