Public Charity

EASTERN MARKET CORPORATION

EASTERN MARKET CORPORATION, of DETROIT, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $6.8M in revenue, $6.3M in expenses, $14.4M in total assets. 55 publicly reported grants to this organization, totaling roughly $5.2M, appear in IRS filings.

EIN: 320030432 DETROIT, MI Latest filing: 2024
Total Revenue$6.8M
Total Expenses$6.3M
Total Assets$14.4M
Grant Records55
Funding Total$5.2M
Filing Years2019–2024

Mission

EASTERN MARKET IS ORGANIZED TO COMBAT COMMUNITY DETERIORATION AND TO LESSEN THE BURDENS OF GOVERNMENT IN MANAGING ITS PUBLIC MARKET THAT HAS SERVED DETROIT SINCE 1891. EASTERN MARKET OPERATES THE MARKET UNDER AN AGREEMENT WITH THE CITY OF DETROIT, WHICH OWNS THE FACILITY. EASTERN MARKET HAS DEVELOPED A CAPITAL IMPROVEMENT PLAN AND IS IMPLEMENTING A SERIES OF CAPITAL IMPROVEMENTS TO IMPROVE THE MARKET'S ABILITY TO SERVE AS A FOOD CENTER FOR DETROIT AND AS A CATALYST FOR ECONOMIC DEVELOPMENT. THE STAKEHOLDERS' VISION FOR THE EASTERN MARKET DISTRICT (THE "MARKET") IS TO LEVERAGE THE ATTRACTION AND LEGACY OF THE MARKET, TO BUILD A DYNAMIC, DIVERSE, AND UNIQUE URBAN DISTRICT, AND TO STRENGTHEN THE IDENTITY OF THE MARKET AS A FOOD-RELATED DISTRICT BY ENHANCING THE OPERATIONS OF THE EXISTING PUBLIC MARKET AND BY DEVELOPING BUSINESS OPPORTUNITIES FOR SPECIALTY FOOD RETAILERS, FOOD WHOLESALE OPERATIONS, RESTAURANTS, FOOD DISTRIBUTORS, AND FOOD PROCESSORS.

Officers & Directors

DIRECTOR Armond Harris
DIRECTOR Bj Belcoure
DIRECTOR OF PROGRAMS Brandon Seng
DIRECTOR Brian Ellison
DIRECTOR Brittany Hoskwic
DIRECTOR Carlos Parisi

Officer compensation and complete director data available with membership.

Top Grant Purposes

CULTIVATING A CULTURE OF HEALTH AND WELLNESS IN DETROIT
$800,000 2 grants
CONSERVATION ACTIVITIES
$525,000 5 grants
TO SUPPORT SMALL BUSINESSES IN DETROIT
$502,579 6 grants
FOOD, AGRICULTURE & NUTRITION
$447,250 2 grants
FUND DOUBLE UP FOOD BUCKS - STORES
$426,783 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $6.8M $6.3M $14.4M
2023 $8.1M $5.5M $14.4M
2022 $4.9M $6.0M $10.9M
2020 $5.2M $5.2M $13.5M
2019 $9.7M $7.1M $11.9M

Between 2019 and 2024, reported annual revenue declined from $9.7M to $6.8M (-30%), with total assets most recently reported at $14.4M.

Interactive year-over-year charts and full filing details available with membership.

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