Public Charity

EASTERN MARKET DEVELOPMENT CORPORATION

EASTERN MARKET DEVELOPMENT CORPORATION is a Public Charity headquartered in DETROIT, MI. Financial data from the 2024 filing: $6.2M revenue, $129K expenses, $8.9M total assets. 6 publicly reported grants to this organization, totaling roughly $2.2M, appear in IRS filings.

EIN: 821252089 DETROIT, MI Latest filing: 2024
Total Revenue$6.2M
Total Expenses$129K
Total Assets$8.9M
Grant Records6
Funding Total$2.2M
Filing Years2019–2024

Mission

EASTERN MARKET DEVELOPMENT CORPORATION IS A MICHIGAN NON-PROFIT CORPORATION ORGANIZED TO DEVELOP BUSINESSES AND OTHER RESOURCES WITHIN THE EASTERN MARKET DISTRICT.

Officers & Directors

DIRECTOR Carrie Lewand-Monroe
DIRECTOR Christina Peltier
CEO (TERM 12/2024) Daniel Carmody
DIRECTOR David Alade
EMDC EXECUTIVE DIR. (TERM 06/2024) Dietrich Knoer
DIRECTOR Duane Ashford

Officer compensation and complete director data available with membership.

Top Grant Purposes

SUSTAINING OPERATIONS
$1,390,940 2 grants
START-UP OF ORGANIZATION
$375,576 1 grant
MAINTAINING OPERATIONS
$316,478 2 grants
EASTERN MARKET PARTNERSHIP: GRANT GIVEN TO SUPPORT SMALL BUSINESS PROGRAMS
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.2M $129K $8.9M
2023 $347K $306K $2.5M
2022 $269K $533K $2.5M
2020 $726K $440K $3.1M
2019 $1.4M $236K $2.8M

Between 2019 and 2024, reported annual revenue grew from $1.4M to $6.2M (+341%), with total assets most recently reported at $8.9M.

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

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