Prosperus Detroit Micro Lending
Donations deductibleRevenue
$4.2m
year to 31 December 2024
Expenses
$3.2m
year to 31 December 2024
Total assets
$4.6m
$473k liabilities
Net assets
$4.1m
assets less liabilities
Directors and trustees
8
5.3 years on average
Staff
20
employees, year to 31 December 2024
Chair observed
≥4 yrs
Steve Kosuda
Left since last filing
2
25% of the board
Prosperus Detroit Micro Lending's network
8 people10 organisationsi8 people and 10 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (8). Violet dotted lines (10) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
8 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Steve Kosuda Chair | Chairman | 2019 | 7 yrs |
| Chanell R Contreras | Executive Director/Director | 2023 | 3 yrs |
| Don Jones | Director | 2022 | 4 yrs |
| Hector Hernandez | Director | 2019 | 7 yrs |
| Kimberly Faison | Director | 2022 | 4 yrs |
| Pierre Batton | Director | 2022 | 4 yrs |
| Steve Tobocman | Director | 2019 | 7 yrs |
| Veronika Scott | Director | 2023 | 3 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
3 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Chanell R Contreras | Executive Director | since 2020 |
| Joanna Dueweke-Perez | Manager | 2023 |
| Matthew Bihun | Manager | 2023 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Paul Jones | CEO | 40 | $196k | $18k | |
| Matthew Bihun | Manager | 40 | $114k | $15k | |
| Joanna Dueweke-Perez | Manager | 40 | $111k | $17k | |
| Steve Kosuda | Chairman | 1 | $0 | ||
| Chanell R Contreras | Director | 1 | $0 | ||
| Hector Hernandez | Director | 1 | $0 | ||
| Steve Tobocman | Director | 1 | $0 | ||
| Pierre Batton | Director | 1 | $0 | ||
| Kimberly Faison | Director | 1 | $0 | ||
| Don Jones | Director | 1 | $0 | ||
| Veronika Scott | Director | 1 | $0 |
About
- Legal name
- Prosperus Detroit Micro Lending
- EIN
- 462997666
- Address
- 440 Burroughs St Ste 360, Detroit, MI, 48202-3472
- State
- Michigan
- Mission
- ProsperUs advances economic equity in under-resourced communities by supporting entrepreneurs with opportunities and capital needed to build businesses, generational wealth, and vibrant neighborhoods. (as filed on the Form 990)
- Activity (NTEE)
- S31 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 6 (IRS master file code)
- Formed
- 2013
- Principal officer
- Paul Jones (as named on the Form 990)
- IRS ruling date
- 1 June 2020
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 4, latest 2023
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥7years on the filingsSteve Kosuda
≥7years on the filingsHector Hernandez
≥7years on the filingsSteve Tobocman
≥4years on the filingsDon Jones
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $4.6m
- Total liabilities
- $473k
- Net assets or fund balances
- $4.1m
- Contributions and grants received
- $3.9m
- Program service revenue
- $213k
- Grants and similar paid out
- $470k
- Employees
- 20
Grants paid
8 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Ferris Wheel Innovation Center | Operating Grant | $120k |
| Metro Detroit Black Business Chamber of Commerce | Operating Grant | $61k |
| Detroit Future Opps | Operating Grant | $55k |
| Grand Rapids Urban League | Operating Grant | $54k |
| Grand Rapids Area Chamber of Commerce Inc | Operating Grant | $50k |
| Global Detroit | Operating Grant | $40k |
| Grabb Local Inc | Operating Grant | $37k |
| Michigan Womens Foundation | Operating Grant | $11k |