Detroit Resident Empowerment & Asset Management Services Inc
Only null% goes to programs Thin reserves Declining revenue
Detroit Resident Empowerment & Asset Management Services Inc is a 501(c)(3) organization based in Detroit, Michigan, registered in 2022, with $1,450 in FY2024 revenue. CharityIndex grades it F.
1301 E Jefferson Ave, Detroit, MI, 48207 EIN 37-1472188 Since 2022
Revenue (FY2024)
$1,450
▼ 85.5% vs prior year
Human Services median: $293K
Expenses (FY2024)
$3,552
Net assets
$34
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Detroit Resident Empowerment & Asset Management Services Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -145% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Detroit Resident Empowerment & Asset Management Services Inc: 0 mo reserves · -145% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Detroit Resident Empowerment & Asset Management Services Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Detroit Resident Empowerment & Asset Management Services Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1301 E Jefferson Ave, Detroit, MI, 48207
- City
- Detroit
- State
- Michigan
- Category
- Human Services
- Subcategory
- Human Service Organizations
Financial trends
Revenue declined from $10K (FY2021) to $1,450 (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $31KNet assets $34
Operating margin
-145.0%
Spent more than it raised in the latest fiscal year.
Total assets
$31K
Total liabilities
$31K
Net assets
$34
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,450▼85.5% | $3,552▼94.0% | $34▼98.4% | $30,534▲1329% | 990EZ |
| 2023 | $10,000▼89.8% | $59,517▲10.5% | $2,136▼95.9% | $2,136▼97.2% | 990EZ |
| 2022 | $97,755▲878% | $53,838▲1855% | $51,653▲314% | $75,681▲507% | 990EZ |
| 2021 | $10,000 | $2,754 | $12,468 | $12,468 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Similar organizations in Human Services
- Human Services
Berrien Families Plus Inc
St Joseph, MI
$1,452
Fannual revenue
- Human Services
Umma Group
Dearborn Hts, MI
$1,400
C+annual revenue
- Human Services
Center of Islamic Knowledge
Detroit, MI
$1,618
annual revenue
Human Services
International Relief Plan
Lansing, MI
$1,636
C+annual revenue
- Human Services
Sd Initiatives Inc
Midland, MI
$1,260
Fannual revenue
Human Services
Michigan Jumpstart Coalition For Personal Financial Literacy
Oak Park, MI
$1,183
C+annual revenue
- Human Services
Recovery Action Network of Michigan
Wayne, MI
$1,018
Fannual revenue
- Human Services
Sgu Veterans and Families of Michigan Inc
Lansing, MI
$2,130
Fannual revenue
- Human Services
One Dearborn Inc
Dearborn, MI
$650
Fannual revenue
- Human Services
Shepherd Thy Needy
Troy, MI
$2,460
C+annual revenue
Compare Detroit Resident Empowerment & Asset Management Services Inc
Frequently asked questions
- Is Detroit Resident Empowerment & Asset Management Services Inc a legitimate nonprofit?
- Yes. Detroit Resident Empowerment & Asset Management Services Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 37-1472188, based in Detroit, Michigan. Donations are tax-deductible.
- What is Detroit Resident Empowerment & Asset Management Services Inc's EIN?
- Detroit Resident Empowerment & Asset Management Services Inc's Employer Identification Number (EIN) is 37-1472188.
- How much revenue does Detroit Resident Empowerment & Asset Management Services Inc report?
- Detroit Resident Empowerment & Asset Management Services Inc reported $1,450 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Detroit Resident Empowerment & Asset Management Services Inc have?
- CharityIndex grades Detroit Resident Empowerment & Asset Management Services Inc F, based on financial health (reserves and operating margin).
More nonprofits in Detroit
Explore more
Data for Detroit Resident Empowerment & Asset Management Services Inc (EIN 37-1472188) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.