Nonprofit · EIN 82-1252089
EASTERN MARKET DEVELOPMENT CORPORATION
Tax-exempt · DETROIT, MI 48207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,203,641 | $128,993 | $6,074,648 | $8,850,250 | $719,627 | $8,130,623 |
| December 31, 2023 | 990 | $347,012 | $306,188 | $40,824 | $2,460,581 | $755,436 | $1,705,145 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,048,458
- of which government grants
- $6,048,458
- Program service revenue
- $155,183
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,772
- Occupancy
- $15,159
- Program services (functional)
- $79,815
- Management and general (functional)
- $41,922
- Fundraising (functional)
- $7,256
Balance sheet and other
- Total assets, start of year
- $2,460,581
- Total assets, end of year
- $8,850,250
- Total liabilities, end of year
- $719,627
- Net assets, end of year
- $8,130,623
- Land, buildings and equipment
- $8,765,940
- Net assets without donor restrictions
- $8,130,623
- Gross receipts
- $6,203,641
- Employees
- 0
- Volunteers
- 18
- Year formed
- 2016
- State of legal domicile
- MI
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANIEL CARMODY | CEO (TERM 12/2024) Officer | 5 | $0 | $187,090 | $11,070 |
| KATHARINE TRUDEAU | PRESIDENT Officer | 5 | $0 | $168,952 | $0 |
| DIETRICH KNOER | EMDC EXECUTIVE DIR. (TERM 06/2024) Officer | 40 | $0 | $62,504 | $0 |
| SHARLENE BURRIS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARC JOHNSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| INDIA SOLOMON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICTOR ALBA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CARRIE LEWAND-MONROE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINA PELTIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ALADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DUANE ASHFORD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELLIOT SHAFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMIE FABER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAREN GLASKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MCCLAREN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEEGAN MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN JONES | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN WARD | DIRECTOR Trustee or director | 1 | $0 |
| REV ROBERT JONES | DIRECTOR Trustee or director | 1 | $0 |
| SAM MUNACO | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WATSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANIEL CARMODY | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $194,423 | $2,600 |
| DIETRICH KNOER | EXECUTIVE DIRECTOR Officer | 39 | $0 | $130,174 | $0 |
| COREY LEON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHARLENE BURRIS | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DON LINDOW | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MAGGIE DESANTIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOSEPH DENNISON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMIE FABER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NANCY GARVIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DEIRDRE GREEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PASTOR ROBERT JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARRIE LEWAND-MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEEGAN MAHONEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MCCLAREN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARLOS NEILBOCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM VELLA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER WALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN WARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATRINA WATKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2934 RUSSELL ST, DETROIT, MI 48207-4826
- In care of
- % DANIEL CARMODY
- Mailing address (990-N for 2017)
- 2934 RUSSELL, DETROIT MI 482074826
- Principal officer (990 for 2024)
- KATHARINE TRUDEAU, 2934 RUSSELL, DETROIT, MI 482074826
- Principal officer (990-N for 2017)
- DANIEL CARMODY, 2934 RUSSELL, DETROIT MI 482074826
- Signed the 990
- SARAH PAVELKO, EXECUTIVE DIRECTOR
- Phone
- (313) 833-9300
- Website
- WWW.EASTERNMARKET.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
EASTERN MARKET DEVELOPMENT CORPORATION IS A MICHIGAN NON-PROFIT CORPORATION ORGANIZED TO DEVELOP BUSINESSES AND OTHER RESOURCES WITHIN THE EASTERN MARKET DISTRICT.
Program accomplishments
- DEVELOPMENT OF BUSINESSES AND OTHER RESOURCES WITHIN THE EASTERN MARKET DISTRICT.Expenses $79,815 · revenue $155,183
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
- 82-1252089
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $8,850,250
- Income (IRS master file)
- $6,203,641
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,203,641 | $128,993 | $8,850,250 | XML |
| 990 | December 2023 | $347,012 | $306,188 | $2,460,581 | XML |
| 990 | December 2022 | $268,690 | $532,796 | $2,479,241 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: DANIEL CARMODY | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-1252089).
Questions about EASTERN MARKET DEVELOPMENT CORPORATION
- What is the EIN of EASTERN MARKET DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of EASTERN MARKET DEVELOPMENT CORPORATION is 82-1252089.
- Is EASTERN MARKET DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to EASTERN MARKET DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EASTERN MARKET 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 EASTERN MARKET 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 EASTERN MARKET 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 EASTERN MARKET DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names KATHARINE TRUDEAU.
- Who are the officers and directors of EASTERN MARKET DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
- How much revenue does EASTERN MARKET DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,203,641, expenses of $128,993 and total assets of $8,850,250 at year end.
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