Nonprofit · EIN 38-2885952
GRANDMONT ROSEDALE DEVELOPMENT CORPORATION
Tax-exempt · DETROIT, MI 48223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,246,385 | $2,205,049 | $2,041,336 | $4,658,609 | $1,106,593 | $3,552,016 |
| December 31, 2023 | 990 | $1,247,794 | $1,347,011 | -$99,217 | $2,810,543 | $1,299,863 | $1,510,680 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,027,572
- of which government grants
- $515,000
- Program service revenue
- $2,108,115
- Investment income
- $74,410
- Other revenue
- $36,288
Expenses
- Grants and similar amounts paid
- $4,000
- Compensation of officers, directors and key employees
- $95,769
- Other salaries and wages
- $398,371
- Salaries, compensation and benefits (total)
- $577,942
- Professional fundraising fees
- $0
- Legal fees
- $12,800
- Accounting fees
- $54,697
- Occupancy
- $120,523
- Travel
- $14,227
- Depreciation
- $52,143
- Program services (functional)
- $2,055,382
- Management and general (functional)
- $128,240
- Fundraising (functional)
- $21,427
Balance sheet and other
- Total assets, start of year
- $2,810,543
- Total assets, end of year
- $4,658,609
- Total liabilities, end of year
- $1,106,593
- Net assets, end of year
- $3,552,016
- Land, buildings and equipment
- $1,349,233
- Net assets without donor restrictions
- $1,882,634
- Net assets with donor restrictions
- $1,669,382
- Gross receipts
- $4,246,385
- Employees
- 10
- Volunteers
- 25
- Year formed
- 1989
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL RANDALL | EXECUTIVE DIRECTOR Officer | 40 | $93,967 | $1,802 |
| DALE THOMPSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DESIRAE TOLBERT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ALEXANDER DERDELAKOS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANNIE MAE HOLT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN JOHNSON | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM FREY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM GODDEERIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICKI HOLMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IVAN JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE KENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHERYL MINNIEFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENISE SELLERS-COLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARLA WHITE-SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAURICE HOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL RANDALL | EXECUTIVE DIRECTOR Officer | 40 | $97,600 |
| DALE THOMPSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DESIRAE TOLBERT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ALEXANDER DERDELAKOS | TREASURER Trustee or director, Officer | 1 | $0 |
| ANNIE MAE HOLT | SECRETARY Trustee or director, Officer | 1 | $0 |
| KEVIN JOHNSON | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| WILLIAM FREY | DIRECTOR Trustee or director | 1 | $0 |
| TOM GODDEERIS | DIRECTOR Trustee or director | 1 | $0 |
| VICKI HOLMES | DIRECTOR Trustee or director | 1 | $0 |
| IVAN JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| RENEE KENT | DIRECTOR Trustee or director | 1 | $0 |
| CHERYL MINNIEFIELD | DIRECTOR Trustee or director | 1 | $0 |
| DENISE SELLERS-COLE | DIRECTOR Trustee or director | 1 | $0 |
| CARLA WHITE-SMITH | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH WOLFE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 19800 GRAND RIVER AVE, DETROIT, MI 48223-1227
- Principal officer (990 for 2024)
- MICHAEL RANDALL, 19800 GRAND RIVER AVE, DETROIT, MI 48223
- Signed the 990
- MICHAEL RANDALL, EXECUTIVE DIRECTOR
- Phone
- (313) 387-4732
- Website
- WWW.GRANDMONTROSEDALE.COM
- Return prepared by
- CLARK SCHAEFER HACKETT & CO
Mission
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.
Program accomplishments
- 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 2024, GRDC FINISHED RENOVATING A 35-UNIT APARTMENT COMPLEX ON WEST OUTER DRIVE IN DETROIT MICHIGAN. THE ORGANIZATION ALSO COMPLETED SEVERAL DOZEN HOME REPAIR PROJECTS.Expenses $927,020 · revenue $2,139,112
- COMMUNITY INVOLVEMENT: 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 2024, GRDC COMPLETED 11 BEAUTIFICATION PROJECTS AT VACANT LOTS OWNED BY THE ORGANIZATION THAT INCLUDED CLEAN-UPS AND MAINTENANCE OF FLOWERS AND TREES.Expenses $667,666
- ECONCOMIC DEVELOPMENT: GRDC'S ECONOMIC DEVELOPMENT PROGRAMMING IS DESIGNED TO PROVIDE COMMERCIAL STABILIZATION AND SMALL BUSINESS SUPPORT. IN 2024, GRDC HOSTED SEVERAL SMALL BUSINESS EVENTS INCLUDING SMALL BUSINESS SATURDAY, AND THE 20TH SEASON OF THE NORTHWEST DETROIT FARMERS' MARKET. THE ORGANIZATION ALSO PROVIDES ONE-ON-ONE BUSINESS SUPPORT AND OWNS AND OPERATES A CO-WORKING SPACE, GRAND RIVER WORKPLACE, WHICH SERVES MORE THAN 35 BUSINESS MEMBERS.Expenses $460,696 · grants $4,000 · revenue $5,291
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-2885952
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L250)
- Assets (IRS master file)
- $4,658,609
- Income (IRS master file)
- $4,246,385
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,246,385 | $2,205,049 | $4,658,609 | IRS |
| 990 | December 2023 | $1,247,794 | $1,347,011 | $2,810,543 | XML |
| 990 | December 2022 | $876,933 | $1,122,394 | $3,179,555 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-2885952).
Questions about GRANDMONT ROSEDALE DEVELOPMENT CORPORATION
- What is the EIN of GRANDMONT ROSEDALE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GRANDMONT ROSEDALE DEVELOPMENT CORPORATION is 38-2885952.
- Is GRANDMONT ROSEDALE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to GRANDMONT ROSEDALE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRANDMONT ROSEDALE DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRANDMONT ROSEDALE DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRANDMONT ROSEDALE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRANDMONT ROSEDALE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MICHAEL RANDALL.
- Who are the officers and directors of GRANDMONT ROSEDALE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $93,967 (MICHAEL RANDALL, EXECUTIVE DIRECTOR).
- How much revenue does GRANDMONT ROSEDALE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,246,385, expenses of $2,205,049 and total assets of $4,658,609 at year end.
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