Public Charity

GRANDMONT ROSEDALE DEVELOPMENT CORP

GRANDMONT ROSEDALE DEVELOPMENT CORP is a Public Charity headquartered in DETROIT, MI. Financial data from the 2024 filing: $4.2M revenue, $2.2M expenses, $4.7M total assets. 46 publicly reported grants to this organization, totaling roughly $4.9M, appear in IRS filings.

EIN: 382885952 DETROIT, MI Housing Rehabilitation NTEE: L25 Latest filing: 2024
Total Revenue$4.2M
Total Expenses$2.2M
Total Assets$4.7M
Grant Records46
Funding Total$4.9M
Filing Years2020–2024

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.

Where $100 goes at Grandmont Rosedale Development Corp

How Grandmont Rosedale Development Corp divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$92 Programs the work itself
$7 Management running the organization
$1 Fundraising raising the next dollar

Inside the $92 for programs

$41
Housing
45% of program spending
$30
Community involvement
33% of program spending
$21
Econcomic development
22% of program spending · Reported in the filing: 35 members
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TREASURER Alexander Derdelakos
SECRETARY Annie Mae Holt
DIRECTOR Carla White-Smith
DIRECTOR Cheryl Minniefield
PRESIDENT Dale Thompson
DIRECTOR Denise Sellers-Cole

Officer compensation and complete director data available with membership.

Top Grant Purposes

Arts & Culture
$1,521,770 2 grants
Training & Professional Development
$1,330,667 5 grants
Human & Social Services
$475,000 9 grants
General Support
$432,670 13 grants
Economic Development
$389,040 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $4.2M $2.2M $4.7M
2023 $1.2M $1.3M $2.8M
2022 $877K $1.1M $3.2M
2021 $902K $794K $3.2M
2020 $834K $872K $3.1M

Between 2020 and 2024, reported annual revenue grew from $834K to $4.2M (+409%), with total assets most recently reported at $4.7M.

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

See the full picture for GRANDMONT ROSEDALE DEVELOPMENT CORP

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