2024-11-12T11:03:56-06:00 2023-12-31 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2023-01-01 382885952 GRANDMONT ROSEDALE DEVELOPMENT CORP GRAN 3133874732 19800 GRAND RIVER AVE DETROIT MI 48223 MICHAEL RANDALL EXECUTIVE DIRECTOR 3133874732 2024-11-12 1 0 RENEA R IRICK P01586814 9373992000 2024-11-05 2023 2024-10-15 13:58:12Z MICHAEL RANDALL 19800 GRAND RIVER AVE DETROIT MI 48223 1247794 0 X WWW.GRANDMONTROSEDALE.COM X 1989 OH THE GRANDMONT ROSEDALE DEVELOPMENT CORPORATION IS A NON-PROFIT, COMMUNITY-BASED ORGANIZATION WORKING TO PRESERVE AND IMPROVE THE GRANDMONT ROSEDALE NEIGHBORHOODS OF NORTHWEST DETROIT. WE TAKE A COMPREHENSIVE APPROACH TO COMMUNITY REVITALIZATION, WITH PROGRAMS DESIGNED TO RENOVATE VACANT HOMES, ASSIST LOCAL HOMEOWNERS AND BUSINESSES, BEAUTIFY OUR COMMUNITY AND KEEP OUR NEIGHBORHOODS SAFE AND VIBRANT. 14 14 12 55 0 0 688428 907980 163023 305490 16317 18569 9165 15755 876933 1247794 0 0 0 0 517342 474959 0 0 17777 605052 872052 1122394 1347011 -245461 -99217 3179555 2810543 1569658 1299863 1609897 1510680 X THE GRANDMONT ROSEDALE DEVELOPMENT CORPORATION IS A NON-PROFIT, COMMUNITY-BASED ORGANIZATION WORKING TO PRESERVE AND IMPROVE THE GRANDMONT ROSEDALE NEIGHBORHOODS OF NORTHWEST DETROIT. WE TAKE A COMPREHENSIVE APPROACH TO COMMUNITY REVITALIZATION, WITH PROGRAMS DESIGNED TO RENOVATE VACANT HOMES, ASSIST LOCAL HOMEOWNERS AND BUSINESSES, BEAUTIFY OUR COMMUNITY AND KEEP OUR NEIGHBORHOODS SAFE AND VIBRANT. 0 0 547764 316804 HOUSING: GRDC ORGANIZES REVITALIZATION STRATEGIES DESIGNED TO MEET THE HOUSING NEEDS OF OUR COMMUNITY. THIS INCLUDES ACQUISITION AND RESALE OR LEASE OF SINGLE- FAMILY HOMES AND MULTI-FAMILY APARTMENT BUILDINGS. IT ALSO INVOLVES PROVIDING HOME REPAIR ASSISTANCE TO HOMEOWNERS IN NEED. IN 2023, GDC RENOVATED OF A 35-UNIT APARTMENT COMPLEX ON WEST OUTER DRIVE IN DETROIT MICHIGAN. THE ORGANIZATION ALSO COMPLETED SEVERAL DOZEN HOME REPAIR PROJECTS. 394515 COMMUNITY ENGAGEMENT: GRDC'S COMMUNITY ENGAGEMENT PROGRAMMING INVOLVES SOLICITING FEEDBACK FROM NEIGHBORHOOD RESIDENTS ABOUT TOPICS OF THEIR CONCERN AND ORGANIZING RESIDENTS AND VOLUNTEERS IN COLLECTIVE ACTION. IN 2023, GRDC COMPLETED FOUR BEAUTIFICATION PROJECTS AT VACANT LOTS OWNED BY THE ORGANIZATION THAT INCLUDED CLEAN-UPS AND PLANTINGS OF FLOWERS AND TREES. 272219 4441 ECONCOMIC DEVELOPMENT: GRDC'S ECONOMIC DEVELOPMENT PROGRAMMING IS DESIGNED TO PROVIDE COMMERCIAL STABILIZATION AND SMALL BUSINESS SUPPORT. IN 2023, GRDC HOSTED SEVERAL SMALL BUSINESS EVENTS INCLUDING SMALL BUSINESS SATURDAY, A JUNETEENTH CELEBRATION, AND THE 18TH SEASON OF THE NORTHWEST DETROIT FARMERS' MARKET. THE ORGANIZATION ALSO PROVIDE ONE-ON-ONE BUSINESS SUPPORT AND OWN AND OPERATE A CO-WORKING SPACE, GRAND RIVER WORKPLACE, WHICH SERVES MORE THAN 35 BUSINESS MEMBERS. 1214498 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 34 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 0 0 X THE ORGANIZATION 3133874732 19800 GRAND RIVER AVE DETROIT MI 48223 DALE THOMPSON PRESIDENT 1.00 X X 0 0 0 DESIRAE TOLBERT VICE PRESIDENT 1.00 X X 0 0 0 ALEXANDER DERDELAKOS TREASURER 1.00 X X 0 0 0 ANNIE MAE HOLT SECRETARY 1.00 X X 0 0 0 KEVIN JOHNSON EXECUTIVE COMMITTEE 1.00 X 0 0 0 WILLIAM FREY DIRECTOR 1.00 X 0 0 0 TOM GODDEERIS DIRECTOR 1.00 X 0 0 0 VICKI HOLMES DIRECTOR 1.00 X 0 0 0 IVAN JOHNSON DIRECTOR 1.00 X 0 0 0 RENEE KENT DIRECTOR 1.00 X 0 0 0 CHERYL MINNIEFIELD DIRECTOR 1.00 X 0 0 0 DENISE SELLERS-COLE DIRECTOR 1.00 X 0 0 0 CARLA WHITE-SMITH DIRECTOR 1.00 X 0 0 0 KENNETH WOLFE DIRECTOR 1.00 X 0 0 0 MICHAEL RANDALL EXECUTIVE DIRECTOR 40.00 X 97600 0 0 97600 0 0 0 0 0 0 0 24378 883602 907980 DEVELOPER FEE 531110 153264 153264 RENTAL INCOME 531110 147785 147785 FARMERS MARKET 900099 4441 4441 305490 18569 18569 MISCELLANEOUS INCOME 900099 15755 15755 15755 1247794 321245 0 18569 97600 88382 7374 1844 305447 276599 23078 5770 35400 31860 2832 708 36512 32862 2921 729 54527 54527 77281 77281 590 222 20 348 60013 46007 13052 954 218763 210926 6265 1572 4634 4324 248 62 46043 45061 785 197 51866 49067 2240 559 20428 18686 1394 348 DIRECT PROGRAM COSTS 317634 317634 OTHER FINANCIAL EXPENSE 15587 15587 FUNDRAISING EXPENSE 4686 4686 1347011 1214498 114736 17777 209886 411159 137560 208704 2467 218466 200728 70513 59838 5465 7496 2226125 518507 2534298 1707618 900 215000 3179555 2810543 100709 101994 376087 376087 18954 23322 1073908 228709 0 569751 1569658 1299863 X 1422823 1202219 187074 308461 1609897 1510680 3179555 2810543 -99217 0 X X 0 1 X 1 0 X 669903 623222 677920 688428 907980 3567453 669903 623222 677920 688428 907980 3567453 3567453 116215 141464 14146 16317 18569 306711 40711 9165 15755 65631 3939795 637446 0.90550 0.87560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1734726 518417 1216309 491399 90 491309 1707618 SPONSOR LOAN TO GRPC 4 215000 215000 REFUNDABLE ADVANCES 354751 SPONSOR LOAN TO GRPC 4 215000 569751 1247794 0 1247794 0 1247794 1347011 0 1347011 0 1347011 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PRESENTED AT THE BOARD MEETING FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. GRANDMONT ROSEDALE PARK 19800 GRAND RIVER DETROIT MI 48223 854263144 COMMUNITY REVITALIZATION MI 0 0 GRANDMONT ROSEDALE DEVELOPMENT CORPORATION PARK COLLECTIVE LLC 19800 GRAND RIVER DETROIT MI 48223 921882053 AFFORDABLE HOUSING MI -1 -1549111 GRANDMONT ROSEDALE DEVELOPMENT CORPORATION