2025-11-18T11:30:29-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-01-01 821252089 EASTERN MARKET DEVELOPMENT CORPORATION EAST 3138339300 2934 RUSSELL DETROIT MI 482074826 SARAH PAVELKO EXECUTIVE DIRECTOR 3138339300 2025-11-17 1 1 SHELBY NETZ P01405265 4147775500 2025-11-17 2024 2025-03-06 01:10:19Z EASTERN MARKET PARTNERSHIP KATHARINE TRUDEAU 2934 RUSSELL DETROIT MI 482074826 6203641 0 X WWW.EASTERNMARKET.ORG X 2016 MI THE MISSION OF EASTERN MARKET DEVELOPMENT CORPORATION IS TO DEVELOP BUSINESSES AND OTHER RESOURCES WITHIN THE EASTERN MARKET DISTRICT. 18 18 0 18 0 0 283239 6048458 0 155183 0 0 63765 0 347004 6203641 0 0 0 0 0 0 0 0 7256 306188 128993 306188 128993 40816 6074648 2460581 8850250 755436 719627 1705145 8130623 EASTERN MARKET DEVELOPMENT CORPORATION IS A MICHIGAN NON-PROFIT CORPORATION ORGANIZED TO DEVELOP BUSINESSES AND OTHER RESOURCES WITHIN THE EASTERN MARKET DISTRICT. 0 0 79815 155183 DEVELOPMENT OF BUSINESSES AND OTHER RESOURCES WITHIN THE EASTERN MARKET DISTRICT. 79815 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X KATHARINE TRUDEAU 3138339300 2934 RUSSELL DETROIT MI 482074826 SHARLENE BURRIS CHAIR 1.00 X X 0 0 0 MARC JOHNSON VICE CHAIR 1.00 X X 0 0 0 INDIA SOLOMON SECRETARY 1.00 X X 0 0 0 VICTOR ALBA TREASURER 1.00 X X 0 0 0 CARRIE LEWAND-MONROE DIRECTOR 1.00 X 0 0 0 CHRISTINA PELTIER DIRECTOR 1.00 X 0 0 0 DAVID ALADE DIRECTOR 1.00 X 0 0 0 DUANE ASHFORD DIRECTOR 1.00 X 0 0 0 ELLIOT SHAFER DIRECTOR 1.00 X 0 0 0 JAMIE FABER DIRECTOR 1.00 X 0 0 0 JAREN GLASKER DIRECTOR 1.00 X 0 0 0 JOHN MCCLAREN DIRECTOR 1.00 X 0 0 0 KEEGAN MAHONEY DIRECTOR 1.00 X 0 0 0 KEVIN JONES DIRECTOR 1.00 X 0 0 0 KEVIN WARD DIRECTOR 1.00 X 0 0 0 REV ROBERT JONES DIRECTOR 1.00 X 0 0 0 SAM MUNACO DIRECTOR 1.00 X 0 0 0 STEVE WATSON DIRECTOR 1.00 X 0 0 0 DANIEL CARMODY CEO (TERM 12/2024) 5.00 45.00 X 0 187090 11070 KATHARINE TRUDEAU PRESIDENT 5.00 35.00 X 0 168952 0 DIETRICH KNOER EMDC EXECUTIVE DIR. (TERM 06/2024) 40.00 X 0 62504 0 0 418546 11070 0 0 1 0 0 6048458 6048458 RENTAL REVENUE 531390 155183 155183 155183 6203641 155183 0 0 X 6772 4628 1851 293 50305 33743 14256 2306 20506 8202 10253 2051 15159 12372 2532 255 23512 9405 11756 2351 5018 4516 502 GROUNDS 7721 6949 772 128993 79815 41922 7256 32835 75190 1641 9120 8878657 112717 2426105 8765940 2460581 8850250 2696 0 10627 0 742113 719627 755436 719627 X 1705145 8130623 1705145 8130623 2460581 8850250 6074648 350830 0 X X 0 1 X 1 0 X 707198 497320 206805 283239 6048458 7743020 18725 60760 61885 63765 155183 360318 725923 558080 268690 347004 6203641 8103338 542691 442312 158239 1143242 0 542691 442312 158239 1143242 6960096 725923 558080 268690 347004 6203641 8103338 0.85890 0.63830 0.00000 0.00620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1819043 1819043 688914 109967 578947 11000 2750 8250 6359700 6359700 8765940 X PART X, LINE 2: EMDC HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE (IRS) AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ADDITIONALLY, EMDC HAS BEEN CLASSIFIED BY THE IRS AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. EMDC'S MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2024. 0 0 0 0 0 0 0 0 0 DANIEL CARMODY CEO (TERM 12/2024) 0 187090 0 0 0 0 0 11070 0 0 0 198160 0 0 KATHARINE TRUDEAU PRESIDENT 0 168952 0 0 0 0 0 0 0 0 0 168952 0 0 PART I, LINE 3 ALL COMPENSATION IS PAID BY EASTERN MARKET CORPORATION, A RELATED ORGANIZATION. EASTERN MARKET CORPORATION USES THE FOLLOWING TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - APPROVAL BY BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 4 ORGANIZATIONAL DOCUMENTS WERE AMENDED TO INCLUDE DETAILS OF THE NEW OPERATING AGREEMENT WITH EMDC SHED 7, LLC. FORM 990, PART VI, SECTION A, LINE 6 EASTERN MARKET CORPORATION, A TAX-EXEMPT ORGANIZATION, IS THE SOLE MEMBER OF EASTERN MARKET DEVELOPMENT CORPORATION, WHICH IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF THE ORGANIZATION'S SOLE MEMBER, EASTERN MARKET CORPORATION, ELECTS THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B ONCE EASTERN MARKET'S EXTERNAL CPA FIRM HAS COMPLETED A DRAFT OF FORM 990 BASED ON INFORMATION PROVIDED BY EASTERN MARKET'S MANAGEMENT, A REVIEW IS PERFORMED BY EASTERN MARKET'S INTERNAL ACCOUNTANTS. WHEN DEEMED "FINAL", THE RETURN IS PROVIDED TO EASTERN MARKET'S FINANCE COMMITTEE AND BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A STAFF MEMBER (THE OFFICE MANAGER) ENSURES THAT ALL BOARD MEMBERS HAVE SUBMITTED A SIGNED CONFLICT OF INTEREST STATEMENT. IN THE EVENT THAT A POTENTIAL CONFLICT IS DISCLOSED, THE ISSUE WILL BE DISCUSSED AND INVESTIGATED. IF A CONFLICT IS IDENTIFIED, IT MUST BE UNANIMOUSLY APPROVED BY THE BOARD OF DIRECTORS IN ORDER TO PROCEED WITH THAT VENDOR. FORM 990, PART VI, SECTION C, LINE 19 EASTERN MARKET MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, LINE 1A: THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY IF A SPECIFIC ACTION IS DELEGATED. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 33,743. MANAGEMENT AND GENERAL EXPENSES 14,256. FUNDRAISING EXPENSES 2,306. TOTAL EXPENSES 50,305. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. EMDC SHED 7 LLC 2934 RUSSELL DETROIT MI 482074826 REDEVELOPMENT OF SHED 7 FOOD DISTRIBUTION AND COLD STORAGE FACILITY MI 6119558 6220505 EASTERN MARKET DEVELOPMENT CORPORATION EASTERN MARKET CORPORATION 2934 RUSSELL DETROIT MI 482074826 320030432 MANAGEMENT OF EASTERN MARKET OPERATIONS MI 501(C)(3) LINE 10 N/A 0 EMDC SHED 7 SUPPORTING CORPORATION 2934 RUSSELL DETROIT MI 482074826 994788096 SUPPORT OPERATIONS OF EASTERN MARKET DEVELOPMENT CORPORATION MI 501(C)(3) LINE 12A, I EASTERN MARKET DEVELPMENT CORPORATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0